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yesterday
Duplicate message
yesterday
For a 1099R If box 14 for state withholding is empty then leave all boxes 14-16 Blank. If box 14 has an amount and box 16 is blank put in the amount from box 1 in box 16.
yesterday
1. For 2025, $48,350.
2. The exempt dividends are income taxed at a special 0% rate. It is still part of your income and can't be deducted.
yesterday
Here's my solution Desktop that does not require you to use the Online version, will allow you to continue using a partially completed return and does not require you to mail your paper 1099-DA. It i...
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Here's my solution Desktop that does not require you to use the Online version, will allow you to continue using a partially completed return and does not require you to mail your paper 1099-DA. It is not perfect but eliminates 80% of the effort of typing it manually. 1. Download a CSV of your 1099-DA from your crypto platform. 2. Convert the CSV to a TXF using easytxf.com. Map the following fields: DATE ACQUIRED -> Opening Date SALE DATE -> Close Date DTIF CODE -> Symbol DTIF UNITS -> Quantity COST BASIS -> Opening Net Amount $ TERM -> Term (Optional) 3. Import the TXF into TT by going to File->Import->From Accounting Software->Other Financial Software (TXF) 4. Because the TXF file format has not been updated for the new 1099-DA, it will treat it as a 1099-B for Stock. To change it, go to View->Forms and scroll down to Cap Asset Sales worksheet under Sch D. Type the financial institution name, your acct number and TIN, and check the box for Digital asset transactions (Form 1099-DA). 5. Go to the Cap Asset Sales Entry Worksheet directly underneath. You should see all of your imported transactions but you may need to do some cleanup on each entry: - Since there is no mapping for the Form 8949 Code you may need to change the Basis Reported to IRS from Y to N, and Holding Period from Short to Long. This will set the 8949 Box to either G or H. Note that any entries with an Acquired Date of "Various" will default to Long. - For some reason, the Quantity did not map to the Units Sold, so for each entry I had to cut and paste the quantity from the front of the Property Description to the Units Sold (if digital) field. Finally, when I finished all of the entries for each crypto code, I pasted the DTIF code into the Name of Digital Asset fields. This updates the Property Description. Someone who understands the TXF file format better may be able to properly map the quantity and description to avoid having to do this, but in the scheme of things, it was a small amount effort compared to typing it from scratch like Intuit wants you to do. 6. Go to Form 8949 below and reconcile it with your 1099-DA PDF. If there any discrepancies go back to the worksheet and make the necessary updates. 7. When you view this investment in Step by Step view it will still refer to it as a 1099-B but what is in form 8949 is what will be filed, and it should correctly say that it is a 1099-DA. Good luck and I hope this will be fixed in next year's version.
yesterday
It's looking for an entry in box 16. It should be the same as in box 2a.
yesterday
If you have a specific question or problem, it can handled here on the forum at no charge.
TurboTax is a DIY tax preparation software product.
If you want a tax expert to assist you then the...
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If you have a specific question or problem, it can handled here on the forum at no charge.
TurboTax is a DIY tax preparation software product.
If you want a tax expert to assist you then there is fee for that service.
See this for how to connect with a tax expert - https://ttlc.intuit.com/community/expert-review/help/how-do-i-connect-with-a-tax-expert-in-turbotax-live/01/27282?search-action-id=618946198292&search-result-uid=27282
yesterday
I have the same problem. I am well below AMT limits but it still uses my AMT depreciation. I cant see anyway to change it either.
yesterday
I don’t have an IP PIN
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yesterday
With you 100%. TT must be using AI coding to save money. Result is buggy code that no one on the TT team understands, especially the hallucinating AI that added the crazy Canadian code. What are...
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With you 100%. TT must be using AI coding to save money. Result is buggy code that no one on the TT team understands, especially the hallucinating AI that added the crazy Canadian code. What are some good alternate tax software packages for home and business? Anyone have good recommendations?
yesterday
In this case TurboTax does not offer the option to attach a note so you would have to print and mail the return in order to file it with an attachment.
yesterday
Thank you @Walk_the_walk for documenting your workaround. Here is an alternative process for those using Desktop that does not require you to use the Online version, will allow you to continue using ...
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Thank you @Walk_the_walk for documenting your workaround. Here is an alternative process for those using Desktop that does not require you to use the Online version, will allow you to continue using a partially completed return and does not require you to mail your paper 1099-DA. It is not perfect but eliminates 80% of the effort of typing it manually. 1. Download a CSV of your 1099-DA from your crypto platform. 2. Convert the CSV to a TXF using easytxf.com. Map the following fields: DATE ACQUIRED -> Opening Date SALE DATE -> Close Date DTIF CODE -> Symbol DTIF UNITS -> Quantity COST BASIS -> Opening Net Amount $ TERM -> Term (Optional) 3. Import the TXF into TT by going to File->Import->From Accounting Software->Other Financial Software (TXF) 4. Because the TXF file format has not been updated for the new 1099-DA, it will treat it as a 1099-B for Stock. To change it, go to View->Forms and scroll down to Cap Asset Sales worksheet under Sch D. Type the financial institution name, your acct number and TIN, and check the box for Digital asset transactions (Form 1099-DA). 5. Go to the Cap Asset Sales Entry Worksheet directly underneath. You should see all of your imported transactions but you may need to do some cleanup on each entry: - Since there is no mapping for the Form 8949 Code you may need to change the Basis Reported to IRS from Y to N, and Holding Period from Short to Long. This will set the 8949 Box to either G or H. Note that any entries with an Acquired Date of "Various" will default to Long. - For some reason, the Quantity did not map to the Units Sold, so for each entry I had to cut and paste the quantity from the front of the Property Description to the Units Sold (if digital) field. Finally, when I finished all of the entries for each crypto code, I pasted the DTIF code into the Name of Digital Asset fields. This updates the Property Description. Someone who understands the TXF file format better may be able to properly map the quantity and description to avoid having to do this, but in the scheme of things, it was a small amount effort compared to typing it from scratch like Intuit wants you to do. 6. Go to Form 8949 below and reconcile it with your 1099-DA PDF. If there any discrepancies go back to the worksheet and make the necessary updates. 7. When you view this investment in Step by Step view it will still refer to it as a 1099-B but what is in form 8949 is what will be filed, and it should correctly say that it is a 1099-DA. Good luck and I hope this will be fixed in next year's version.
yesterday
If you have K-1 income that is specifically added or excluded in Pennsylvania that carried over from your Federal return, in the PA K-1 Interview section, you can enter $0 or the amount that is taxab...
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If you have K-1 income that is specifically added or excluded in Pennsylvania that carried over from your Federal return, in the PA K-1 Interview section, you can enter $0 or the amount that is taxable in PA. If you're a non-resident, enter $0's s on the K-1 income screen. Here's more detailed info on K-1 Income in Pennsylvania. @ConR
yesterday
Click on Federal on the left side of the online program screen
Click on Wages & Income
Under Self-Employment
On Self-employment income and expenses, click on the start button
yesterday
Thank you SO MUCH for clarifying between spouse or non-spouse transfers!! in my case, it was a transfer between spouses and I could not convince the brokerage firm to fix 1099. They kept on tell...
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Thank you SO MUCH for clarifying between spouse or non-spouse transfers!! in my case, it was a transfer between spouses and I could not convince the brokerage firm to fix 1099. They kept on telling that I have to get a tax advisor.. Thanks again!
yesterday
Yes, VolvoGirl, I have started (and paid) for 2025. When it comes to 2021 the only option is to download the return as a PDF file that does not include worksheets, or download the .tax file. For ...
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Yes, VolvoGirl, I have started (and paid) for 2025. When it comes to 2021 the only option is to download the return as a PDF file that does not include worksheets, or download the .tax file. For anyone else who might be facing a similar challenge I wanted to share an update: I have not found a way to access the 2021 worksheets, despite the multiple suggestions in this thread, a visit to a local TurboTax office, and escalating my support request all the way to Intuit's Office of the President. My understanding at this point is that the only way to obtain the worksheets would be to find someone with TurboTax Desktop 2021 already installed and to use their computer to load my .tax file. My advice? Make sure you archive your full return and worksheets each year if you think you ever might need them. My mistake was to think that TurboTax's promise of retention for 7 years included access to the worksheets, which apparently it does not.
yesterday
Self employment income is from Schedule C . For an IRA contribution. If you only have self-employment income you can only contribute up to your net profit reduced by the deduction allowed for one...
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Self employment income is from Schedule C . For an IRA contribution. If you only have self-employment income you can only contribute up to your net profit reduced by the deduction allowed for one-half of your self-employment taxes then only up to the max IRA limit. Do you have any W2 income too?