All Posts

Here are your options for payment plans with the IRS:   Short-term payment plans (up to 180 days) If you can't pay in full immediately, you may qualify for additional time --up to 180 days-- to pay in full. There's no fee for this short-term payment plan. However, interest and any applicable penalties continue to accrue until your liability is paid in full. Individuals may be able to set up a short-term payment plan by using the Online Payment Agreement application or by calling us. Businesses must call for a short-term payment plan. Check the hours of availability. Long-term payment plans (installment agreements) If you're not able to pay your balance in full immediately or within 180 days, you may qualify for a monthly payment plan (installment agreement) that lets you make a series of monthly payments over time. Different types of long-term payment plans are available depending on your situation. Requesting a long-term payment plan To request a long-term payment plan, use the Online Payment Agreement application. Even if the IRS hasn’t yet issued you a bill, you may establish a pre-assessed agreement by entering the balance you’ll owe from your tax return. An online payment agreement is quick and has a lower user fee compared to other application methods. Alternatively, you can complete and mail paper Form 9465, Installment Agreement Request, file through tax filing software, or call us, preferably at the number on your bill if you received one. For more information, see IRS Topic no. 202, Tax payment options

I have the same problem.  This did not answer his question.  TT is not asking for expenses.  It only asked for depreciation & nothing else.  Furthermore, I have more than one property and it didn't ask anything about addresses....only gave me one line for each question so I had to lump them all together and no expenses of any kind.

TurboTax puts a cap on a line before checking if you even need that section. If your final refund matches your expectations and doesn't include an extra $4,000 credit you didn't ask for, you are safe to file.   Check here: Schedule A, Line 17: If Line 17 is blank or $0, the $4,000 on Line 16 is a dormant number that isn't being added to your tax liability or refund. Verify Form 8936, Part I: Ensure Line 4a correctly shows your $7,500 transfer. This is the most critical line for the IRS to see that the credit was handled at the dealership. Review your "Tax Summary": Look at your total tax and credits. If you don't see a $4,000 credit being applied to your bottom line, the software is ignoring that Line 16 value just as it should. @zhangxinya2004 

You said your imported your 1099-r.  Is the form you are referring to a 1099-R or a 1099-DIV?  A Form 1099-R reports Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.  Dividends are reported on Form 1099-DIV.  Although dividends from insurance policies in excess of premiums paid are taxable and reported on Form 1099-R.    If the amount of dividends that you imported on a 1099-Form is different than the paper copy that you received in the mail it is probably due to one of two things:   The amount that imported is incorrect.  In this case you would want to delete the import and manually enter the form. The form that was imported is a "corrected" Form 1099, in which case you would want to use that.  If it is a corrected form there should be box checked in the program where the dividend information appears with the corrected box checked.  Forms 1099-DIV frequently have corrected versions issued.    You may want to call your brokerage and ask for clarification.  

it asks for income allocation.  Those on the federal.  which are nonbusiness capital gain and loss. 248,812. it has a box for Ohio income.  I am assuming it is asking how much of this is Ohio income.  What do I put there.  It is a s-corp that was located in the state of Ohio.

The Plan Cost is the total amount of after-tax money you contributed to the retirement plan while you were working. Since you already paid taxes on this money, the IRS allows you to get it back tax-free.   Check Form 1099-R: Look at Box 9b (Total Employee Contributions). Note that this isn't always filled out by the payer.  Check Your Records: If Box 9b is empty, look at your final pay stub before retirement or your year-end statements from the year you retired. Prior Year Returns: If you started receiving payments in a previous year, check your tax return from that year (specifically the Simplified Method Worksheet) to find the "cost at starting date" you used previously. To complete the Simplified Method calculation, you’ll also need these specifics:   Gross Distribution   Box 1 of your current Form 1099-R. This may already be filled in for you. Age at Start    Date Your age on the date your annuity payments actually began. Age at Start    Date Your age on the date your annuity payments actually began. Combined Ages  If the annuity is for you and a survivor (joint), you need the age of both parties at the start date. You will be asked these questions as you fill out this section.    Important Note: If your 1099-R has Box 2b checked ("Taxable amount not determined"), the IRS effectively requires you to figure this out yourself using this simplified method. If Box 2a shows a specific taxable amount and you agree with it, you might not need the worksheet at all.   @mnjconway 

I haven't heard of anyone encountering this specific problem with the Form 2210 section. Which version of TurboTax are you using?   If you are using an Online version, check your internet connection. Try logging out of TurboTax, restarting your device and logging back in. You could also try clearing your cache and cookies.