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4 weeks ago
If you are using TurboTax Online, you need to use TurboTax Premier or above to report the sale of your rental home.
If you are using TurboTax Desktop, then any version can handle it.
To ...
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If you are using TurboTax Online, you need to use TurboTax Premier or above to report the sale of your rental home.
If you are using TurboTax Desktop, then any version can handle it.
To report the sale of your rental home, please follow the instructions in this TurboTax Help article.
4 weeks ago
My return has been accepted but not processed...I obviously will not owe the 2400 dollars I have already sent can I begin amendment now?
4 weeks ago
For software issues you can contact the TurboTax Support Phone Number
4 weeks ago
@ haridarshana You cannot move a started 2024 return from the desktop product to Online TurboTax without starting over, if that's what you are wanting to do. You can only transfer last year's 202...
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@ haridarshana You cannot move a started 2024 return from the desktop product to Online TurboTax without starting over, if that's what you are wanting to do. You can only transfer last year's 2023 data file from the desktop into 2024 Online TurboTax. To switch from 2024 desktop Premier to Online, you'd have to start over in Online TurboTax and would be charged again unless you ask for a product refund for your desktop Premier. The license code for Premier cannot be used to pay for Online TurboTax. Why would you want to make that move? The desktop Premier is superior and has more features, including Forms Mode to view/edit forms during preparation. Desktop Premier also includes a state program download to prepare a state return. In Online TurboTax there is an additional fee to prepare a state return. Desktop Premier can prepare multiple Federal returns. Online TurboTax can only prepare 1 Federal return per account per year.
4 weeks ago
If your employer withheld KS state tax from your paychecks, they should have box 16 completed on your W-2. If they won't provide a corrected W-2, you can enter the same number from box 1 into box 16....
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If your employer withheld KS state tax from your paychecks, they should have box 16 completed on your W-2. If they won't provide a corrected W-2, you can enter the same number from box 1 into box 16. It shouldn't double your income.
4 weeks ago
Another question please. For 2023 amend and 2024 tax filing, when TurboTax asks for the amount contributed to Roth IRA, do I enter just the amounts contributed for each respective year ($7,500 for 20...
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Another question please. For 2023 amend and 2024 tax filing, when TurboTax asks for the amount contributed to Roth IRA, do I enter just the amounts contributed for each respective year ($7,500 for 2023 and $8,000 for 2024)? Or do I enter amount contributed AND its earnings? And what do I enter for "Corrective distributions made before the due date of the return" please? Amount contributed and its earnings? Thank you for your help.
4 weeks ago
For installation and software billing issues you can contact the TurboTax Support Phone Number
4 weeks ago
The solution for me was to continue and let TT immediately say my state return was complete. Then I went back and individually went through each state topic manually. I hope that by next tax seas...
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The solution for me was to continue and let TT immediately say my state return was complete. Then I went back and individually went through each state topic manually. I hope that by next tax season TT and Intuit will have this issue fixed. It appears from other posts to be around for a while.
4 weeks ago
Did you choose to import 2024 1099 INT data, or is there 2023 information that was pre-populated?
TurboTax will prepopulate 2023 information so that you
do not have to re-type it
and it's...
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Did you choose to import 2024 1099 INT data, or is there 2023 information that was pre-populated?
TurboTax will prepopulate 2023 information so that you
do not have to re-type it
and it's a guide to help you remember if you have all of your documents
4 weeks ago
Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ for amending a current year tax...
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Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
4 weeks ago
2 days ago I filed my taxes and as a result immediately paid from my bank account an underpayment penalty of nearly 2400 dollars. However in my haste to get my return done I failed to claim a depend...
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2 days ago I filed my taxes and as a result immediately paid from my bank account an underpayment penalty of nearly 2400 dollars. However in my haste to get my return done I failed to claim a dependent that will surely flip the script on this return. My return has been excepted but not processed. What do I do now?
4 weeks ago
If boxes 5 and 6 are blank, then also leave box 7 blank, You can safely ignore the number in box 7 as there is no state tax withheld in box 5.
4 weeks ago
@AnnetteB6 Unfortunately, I do not feel comfortable putting my taxes in the mail. Thats a lot of personal information. I also am paying for Turbotax to do my taxes for me so having to do the long sta...
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@AnnetteB6 Unfortunately, I do not feel comfortable putting my taxes in the mail. Thats a lot of personal information. I also am paying for Turbotax to do my taxes for me so having to do the long statement that you suggest doesn't make a lot of sense. So, is this an IRS issue or a Turbotax issue? Each time I have called and talk to a Turbotax expert on the phone I have been given the run around. Some act totally clueless, and others have told me things that I don't think I should do such as unchecking the box that says I share this home and cost with someone else on form 5695 to get it to go through. Sorry but this is very frustrating. I have used Turbotax for a long as I can remember but this year has been a huge disappointment on so many levels.
4 weeks ago
Yes, what would hold you up?
Do you have all of your income and possibly expense information.
If you want to use the Online version, simply log into TurboTax Online
You can start for free ...
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Yes, what would hold you up?
Do you have all of your income and possibly expense information.
If you want to use the Online version, simply log into TurboTax Online
You can start for free
4 weeks ago
Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.
If accepted by the IRS use the fe...
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Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.
If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website. See this IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions
4 weeks ago
To ensure to rollover is correctly entered into TurboTax, TurboTax should ask you the following questions after you entered the 1099-R with code G : On the "Did you move this money from a 401(k)...
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To ensure to rollover is correctly entered into TurboTax, TurboTax should ask you the following questions after you entered the 1099-R with code G : On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No" On the "Did you move the money to a Roth IRA?" screen answer "No" Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 5b (taxable amount), it should show $0 and state ROLLOVER next to it. To preview Form 1040: Click on "Tax Tools" in the left menu Click "Tools" Click "View Tax Summary" in the Tool Center window Click on "Preview my 1040" on the left
4 weeks ago
Yes, if you're required to file a tax return, you need to report all income regardless of the amount. Remember that you can report expenses to lower that income, and if you end up with a loss it can ...
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Yes, if you're required to file a tax return, you need to report all income regardless of the amount. Remember that you can report expenses to lower that income, and if you end up with a loss it can help lower your tax on your other income.
4 weeks ago
1 Cheer
To ensure to rollover is correctly entered into TurboTax, TurboTax should ask you the following questions after you entered the 1099-R with code G:
On the "Did you move this money from a 401...
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To ensure to rollover is correctly entered into TurboTax, TurboTax should ask you the following questions after you entered the 1099-R with code G:
On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No"
On the "Did you move the money to a Roth IRA?" screen answer "No"
Please be aware that the whole distribution will show as income in TurboTax on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 5b (taxable amount), it should show $0 and state ROLLOVER next to it.
To preview Form 1040:
Click on "Tax Tools" in the left menu
Click "Tools"
Click "View Tax Summary" in the Tool Center window
Click on "Preview my 1040" on the left
4 weeks ago
Yes, you would calculate the mileage percentage by dividing business mile by the total miles driven.
The IRS requires you to maintain a log of business miles driven.
The log should includ...
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Yes, you would calculate the mileage percentage by dividing business mile by the total miles driven.
The IRS requires you to maintain a log of business miles driven.
The log should include
Date
Location
Miles driven and
Reason
If requested, the IRS would expect this documentation to confirm the miles driven.