I started a nonprofit this year. Does this count as "started a business" when filing personal taxes?

Forum|Forum|3 years ago
January 31, 2023
3 replies
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I know we will have to file taxes seperately for the nonprofit, but wasn't sure if I needed to include on my personal taxes when it asks the question if I started a business.

TurboTax Deluxe Online

VolvoGirl

Employee

No. You say no.

Opus 17

Employee

A non-profit will file form 990. The requires the use of Turbotax Business version, which is only available as a CD or download for PC, there is no online or Mac version.

The "regular" Turbotax online, or desktop Home &Business version, is only asking about a single member LLC or sole proprietorship that files a schedule C attached to the personal 1040.

Critter-3

NONE of the TT programs can handle a form 990.

https://turbotax.intuit.com/small-business-taxes/

Mike9241

@eisenhauer-17 did you file with the IRS for tax exemption and did you get a letter acknowledging tax exemption and the type of 990 to be filed? if not see a lawyer.