All Posts
Friday
Is it true that there is no safe harbor for not making enough starting in 2026 in addition to no caps on repayment? And if you made more than the upper limit of 400% of FPL, could putting money into ...
See more...
Is it true that there is no safe harbor for not making enough starting in 2026 in addition to no caps on repayment? And if you made more than the upper limit of 400% of FPL, could putting money into an IRA, 401(k), or HSA bring your income back below so that you could still receive the premium tax credit in 2026?
Friday
the program help says go to Other tax situations but there is no option to ask for estimated calculations due to being retired
Topics:
Friday
clarify your question.
Friday
likely the additional tax on Net Investment Income, called the NIIT. 3.8% see Form 8960
Friday
Michigan Sources of Household Resources?
Topics:
Friday
Are they for real? How the fuck did half my refund go to turbo tax?
Topics:
Friday
I have interest income of $x on one 1099-INT form, no other info on the form. When I enter $x, my federal tax owed goes up by 0.41*$x. If the current maximum tax rate is 37% why is TurboTax calculati...
See more...
I have interest income of $x on one 1099-INT form, no other info on the form. When I enter $x, my federal tax owed goes up by 0.41*$x. If the current maximum tax rate is 37% why is TurboTax calculating a higher rate?
Topics:
Friday
"Not reporting 1099-Q" is not an option for me. I tried this the first year I got a 1099-Q, since all Distributions were covered by Qualified Education Expenses. Nope. The IRS assumed that the ful...
See more...
"Not reporting 1099-Q" is not an option for me. I tried this the first year I got a 1099-Q, since all Distributions were covered by Qualified Education Expenses. Nope. The IRS assumed that the full distribution they saw on the 1099-Q was income for me, and handed me a large robo-generated tax bill. No Thanks. TurboTax, you REALLY need to clean this up. More and more people are using 529 Plans and you have to make it so we can input our information about the corresponding qualified expenses cleanly. I know that the American Opportunity and Lifetime Learning Credits mess things up, but c'mon, you're the experts. I have now spent 4 hours trying to figure out how NOT to have TT come up with a tax liability for the 529 distribution. Ugh.
Friday
Was this entered on tax form?
Topics:
Friday
Well I see the product is gone. This will be my last year using Intuit products. It has went down in flames. For me it started with the business products and I am all but almost out of that platform....
See more...
Well I see the product is gone. This will be my last year using Intuit products. It has went down in flames. For me it started with the business products and I am all but almost out of that platform. After I get another solution for one of my current problems to import the data. I will exit and never to return. I have several solutions now to replace the problems that have been systematic for over a decade with TurboTax. Not to mention most of the time you get people that dont understand the software. This isnt ment to be a bashing. But a venting, I pay for quality and product cost increases and the organization just take a crap on the customers all the time and then get an attitude about a complaint. This is the last draw. Boycott this crap!!!
Topics:
Friday
On page 7 is the worksheet to calculate how much you can use for Schedule A line 5e. https://www.irs.gov/pub/irs-pdf/i1040sca.pdf Based on this worksheet it looks like TurboTax is using a negati...
See more...
On page 7 is the worksheet to calculate how much you can use for Schedule A line 5e. https://www.irs.gov/pub/irs-pdf/i1040sca.pdf Based on this worksheet it looks like TurboTax is using a negative value for line 8. Instructions says to subtract line 7 from line 1. Line 7 should be larger than line 1, so this should be a positive value (as your AGI is bigger than 500,000). How you can check? Fill out the worksheet above. Verify in TurboTax Desktop version by: Click on Forms in upper right. Select Schedule A, and it will show how TurboTax calculated the same worksheet. Mine shows a negative value on line 8...
Friday
Topics:
Friday
I’m missing documentation, and three different w2s
Topics:
Friday
Thanks. I had the same exact issue. Even with the workaround, you'd think TurboTax would give you the option to select "None" for the whole year, rather than having to enter it on every month. Eve...
See more...
Thanks. I had the same exact issue. Even with the workaround, you'd think TurboTax would give you the option to select "None" for the whole year, rather than having to enter it on every month. Even better would be fixing the error in their tool for this sort of situation.
Friday
Topics: