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TurboTax 2022 Form 1040 - Schedule C Tutorial for Furniture Store 

Jason D. Knott
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How to file your taxes with TurboTax?
In this video, I cover the basics of how to enter business income & expenses for a single-member LLC that is a disregarded entity for federal tax purposes. The taxpayer operates a furniture store business under his LLC. The activity is entered on Schedule C, which should automatically populate Schedule SE and Schedules 1 & 2.
For other TurboTax 2022 tutorials videos, please see the following playlist:
• TurboTax Form 1040 Tut...
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For a larger database of tutorials, please visit our website and search for your question:
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#TurboTax #Form1040 #ScheduleC

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15 сен 2024

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Комментарии : 8   
@Team8LA
@Team8LA 2 месяца назад
I also have question about different filing status for Fed and community state. Like asset allocation and married couple prefer to file separately to not mix income. Pls teach more about it? Thanks!
@Team8LA
@Team8LA 2 месяца назад
How do we know if standard mileage depreciation is more beneficial? If I use Macre to begin with, can I use different method to depreciate car differently every year or not? Thanks!
@throttlejunkies550
@throttlejunkies550 5 месяцев назад
im stuck on turbo tax it says 1099 k schedule c box 1 letter c i dont know what to put
@brokeandbored85
@brokeandbored85 7 месяцев назад
i work for uber, i did not get a 1099k I looked at previous tax files and it says a 1040. i do not see that option on turbo tax
@OmniCourage
@OmniCourage 11 месяцев назад
Good day. I see how to enter Sales for Schedule C. Do you know how to enter Returns and Allowances (Schedule C line 2)? Thank you! 23:19
@rafaelcalderon5206
@rafaelcalderon5206 Год назад
who is suppose to provides the P&L. The preparer can do that or is the client suppose to bring that and give it to the preparer?
@JasonDKnott
@JasonDKnott Год назад
A company is generally responsible for preparing and maintaining their own financial statements. However, it is not uncommon for companies to hire a tax preparer to separately prepare financial statements that will be used for the tax returns.
@Team8LA
@Team8LA Год назад
Thank you! How about estimated tax?
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