KatieK7117
Moderator
Moderator
‎February 11, 2025 8:57 AM
1 8 5405
‎February 11, 2025 8:57 AM

Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.

 

To all our new and returning community members - Welcome!

 

We couldn’t be happier that you are joining us this month, and we are excited to offer another sweepstakes opportunity to win a $100 gift card. The topic for this month’s session is Deciphering Your Tax Forms.

 

Depending on your form ( 😉 ) of employment, insurance coverage, or things like loan forgiveness, you might receive one or more Tax Forms that are important to understand. Maybe this is the first time you are dealing with one of these forms, or maybe you just need a refresher to make the most of your filing. 

 

To be able to win the $100 gift card, comment on this post telling us about a time you were surprised to receive a tax form that you didn’t know applied to you. (Or, if that’s never happened to you, let us know how you stay so well prepared for forms ahead of tax season 😀) A winner will be randomly selected from this thread on February 19th, 2025.  

 

No matter your situation, the TurboTax Live Community is here to help! Join us for this LIVE Q&A on Wednesday, February 19th any time between 9:00am and 5:00pm Pacific Time. We can’t wait for you to ask Tax and Financial Experts your questions and get advice about taxes and personal finance, for free! Don’t be shy - bring any questions, our community is ready to answer things like:

  • What’s the difference between 1099-NEC & 1099-MISC?
  • Help! I got a new type of 1099 form this year - what do I do with it?
  • Do I have to report my Form 1098 on my taxes?
  • I’m confused, why did I receive both a 1095-A and 1095-C?
  • Why did I receive a 1099-C? I didn’t have any loans forgiven.

 

Learn more and RSVP here.  

       

Remember that replying to this post by telling us about your experiences with tax forms will enter you in a chance to win a $100 gift card. A winner will be randomly selected from this thread on February 19th, 2025.

  • WHAT: Sweepstakes for a $100 gift card
  • WHEN: Entries will be accepted from February 12th, 2025  through February 19th, 2025 at 5:00 pm Pacific Time
  • HOW: Enter by adding a comment to this post sharing with us about a time you were surprised to receive a tax form that you didn’t know applied to you. If you are the winner, we will send you a private message. The winner will be selected at random on February 19th, 2025.
Comments
frogette
New Member
‎February 12, 2025 1:39 PM
‎February 12, 2025 1:39 PM

Just moved out of my home and received a tax form, disregarded it not realizing I had a local tax to pay and WHAM court hearing! Ended up learning a hard lesson with a little extra fees added on. 

Lishnetwork
Returning Member
‎February 13, 2025 7:36 PM
‎February 13, 2025 7:36 PM

As my income tax situation grows, I have created a statement system to keep track of all of my finances including student loan bills and payments. At the end of the year I look over my activities and I can see how much income to expect and what forms I need to file my income tax return.

 

I am currently working on updating the statements which includes tables and setting them all in one spreadsheet to keep all financial activities in one document.

luckysunset
Level 1
‎February 14, 2025 11:56 AM
‎February 14, 2025 11:56 AM

I got form 5498 IRA Contribution Information from my broker and couldn't figure out where to enter it in Ttax. Turns out this doesn't get entered. It's just to let me know what my RMD for my IRA will be in 2025. 

Uther
Level 3
‎February 15, 2025 1:19 PM
‎February 15, 2025 1:19 PM

As a CPA and tax preparer, I'm rarely "surprised by any tax form. 
However, I can always use $100.

Hopeful12
New Member
‎February 15, 2025 3:28 PM
‎February 15, 2025 3:28 PM

I worked a few hours for my former employer last January and received a 1099 at the beginning of this year.  I’d forgotten all about it, so I’m glad their memory was better than mine!

melonhed
Level 1
‎February 16, 2025 3:50 AM
‎February 16, 2025 3:50 AM

We have not received any unexpected forms but being  fledgling small business owners, we expect the unexpected at this point.

Nhicks82
New Member
‎February 18, 2025 7:00 AM
‎February 18, 2025 7:00 AM

Never received the EIC Credit before

StephenieM
Level 1
‎February 18, 2025 1:20 PM
‎February 18, 2025 1:20 PM

Being recently married, the 1099-R form was completely new to me! Receiving a 1095-C form was also new to me, but thankfully TurboTax has a lot of straightforward resources to answer my numerous questions. My spouse and I learned a lot and it didn't take nearly as much time as we thought to file jointly for the first time!