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This makes sense to me. Also I don't know how this could be considered self employment or income at all when it is very clear in the Vine agreement that the items have to be kept for 6 months AND Ama... See more...
This makes sense to me. Also I don't know how this could be considered self employment or income at all when it is very clear in the Vine agreement that the items have to be kept for 6 months AND Amazon may request the items to be sent back. So if they're sent back, there was no compensation in that case, actual or implied. There's also the fact of independent sellers and companies sending products to people for testing or reviews. Whether they request it or not, you would think that would be taxed if Vine items are. I think that's another factor that can confuse people. All around it just doesn't make sense. Especially considering they can request the items be sent back. Also the fact that they say you can't sell or give it away. How is it my compensation if I can't sell or give it away? But then in the participation agreement it says you can destroy or keep the product at your discretion. 
@wasime91729   Did you see my post up above with a screen shot?  
Because this was on your 2023 tax return and the amount that was entered on your tax return back then matched the amount that was on your W2 I would recommend that you do nothing.  The IRS will corre... See more...
Because this was on your 2023 tax return and the amount that was entered on your tax return back then matched the amount that was on your W2 I would recommend that you do nothing.  The IRS will correct this if necessary and send letters to both you and your employer notifying you of the discrepancy and telling you how to correct it.  It may take another year or two but their system will take care of it.   @Anonymous63 
This is what I  found when I had to do a 2nd amendment.  I think it would be the same for doing a 3rd one. To do a second amended return you need to use the Desktop CD/Download program installed o... See more...
This is what I  found when I had to do a 2nd amendment.  I think it would be the same for doing a 3rd one. To do a second amended return you need to use the Desktop CD/Download program installed on your computer. You start with the first amended return and try to delete the 1040X and state amended forms. I couldn't make that work so I had to start over with a NEW return. You need to make a new return that would look like what the return should have looked like after the first amended. So that will become your new "original" return. You can save the real original return with a new name and update it with the changes from the first amended return so you now have a new "original" return to start with. Be sure to save several times along the way and make copies to work in, in case you need to start over and try again. THEN when you have the new "original" return you can Amend it. You will probably need to enter all the prior refunds and/or tax due payments directly on the 1040X (and on state) using the Forms mode. I had to enter both a tax due I paid on the first original return AND a refund from the 1st amended return. Basically, to do the second amended return you have to start with a dummy "original" return that incorporates the changes that were made by the first amended return. Then you can simply go through the normal amending process. There are two ways to produce the dummy original return. Both ways are hard to explain and to understand. One way always works, for both federal and state, but it's for desktop only, and you have to have a copy of the .tax file for the actual original return that you filed, before the first amended return. You make a copy of the .tax file for the original return with a different name. Open the copy and make the changes that you made in the first amended return, but without going through the amending process. That gives you an original return that incorporates the changes from the first amended return. A variation of this method, if you don't have the .tax file for the original return, is to create a new return from scratch, reproducing the original return. But that's a lot of work and very error-prone. The other way is to open the first amended return and delete the Form 1040X. That will leave you with what appears to be an original return, but incorporates the changes from the first amended return. This will usually work for the federal return only. In theory it should work for the state also, but some states don't let you delete the amended form, or it immediately comes back after you delete it. Sometimes deleting the state amended form makes the federal 1040X reappear. The results vary for different states, and sometime vary even for the same state, depending on the exact sequence of steps that you follow. With some states there seems to be a problem even deleting the federal 1040X.  
Other income is line 5 on the 1120-S form and you should enter any income there that isn't included in your earlier income entries.  Things like refunds for expenses claimed on prior year returns and... See more...
Other income is line 5 on the 1120-S form and you should enter any income there that isn't included in your earlier income entries.  Things like refunds for expenses claimed on prior year returns and the like go there.   @SSEXTON2 
1256 contracts should have been marked to market by Schwab for year-end reporting (line 8 realized profit for year, lines 9 and 10 unrealized profit at the beginning and end of the year, line 11 the ... See more...
1256 contracts should have been marked to market by Schwab for year-end reporting (line 8 realized profit for year, lines 9 and 10 unrealized profit at the beginning and end of the year, line 11 the amount to be reported on form 6781. you do not enter the details of each trade. just one line Schwab account xxxxx and only the net - column b or c depending on net gain or net loss.   option trading that is not section 1256 gets reported on form 1099-B  
The system isn't automatic for a third amendment.  You will have to make several manual adjustments to first get everything to where it was at the end of the second amendment as well as the 1040X adj... See more...
The system isn't automatic for a third amendment.  You will have to make several manual adjustments to first get everything to where it was at the end of the second amendment as well as the 1040X adjusted to show no changes.  Then you can enter the changes from the third amendment.  Which you will have to paper file.     @maind02 
Yes I was rented.  Without getting into legal detail, basically 2 unrelated owners (titled as 50/50 tenant in common, unmarried and mortgage in both name) started the short-term rental in 2009-2010. ... See more...
Yes I was rented.  Without getting into legal detail, basically 2 unrelated owners (titled as 50/50 tenant in common, unmarried and mortgage in both name) started the short-term rental in 2009-2010.  Income/expense/debt was spitted 50/50, and both filed tax independently.  The other 1/2 owner has control of all the VRBO, PayPal and all the rental accounts.  I was locked out without receiving any rent/document.  Tax filing was overly extended.  Tax was later filed with the rental removed and continue that way till the final court force sell order in 2024.   
Thanks to you and @SteamTrain for the comments.   I missed the fact that the oregon.gov website specifies the 90% level applies to the current tax year and you must pay 100% of the previous tax yea... See more...
Thanks to you and @SteamTrain for the comments.   I missed the fact that the oregon.gov website specifies the 90% level applies to the current tax year and you must pay 100% of the previous tax year to avoid penalty.   Interestingly, I paid about 92% of the previous year (2023) tax liability, but my tax liability for the current year (2024) was much higher and I paid way less than 90%. Despite that, I received a letter from the Oregon Department of Revenue saying I did not owe the penalty that TurboTax calculated for underpayment.    Who knows what that means, since I did not meet their stated requirements.   FYI, I paid one estimated tax payment in April, 2024, then had tax withheld from IRA distributions. I did a single IRA distribution in December, 2024, so there was one payment to Oregon Department of Revenue which occurred in the last week of December.   When calculating that I did not owe a penalty, the Oregon Department of Revenue split the amount of tax withheld from my IRA distribution in to four equal payments occurring on the normal due dates for quarterly estimated taxes. To clarify, if I had paid $1000 in Oregon tax withheld from my IRA distribution in December, Oregon treated it as four payments of $250, paid on April 15, 2024; June 17, 2024; Sept 16, 2024 and Jan 15, 2025.   On the worksheet for this, TurboTax also spread out the withholding amount. However, the TurboTax calculation results in me owing an interest penalty for underpayment. Oregon Department of Revenue didn't show me a worksheet in their letter, but does show the credit amounts and dates they used. Oregon's amounts and dates are the same as the TurboTax amounts and dates. But Oregon says I own nothing.   After looking at all this and with the help of your comments, I think TurboTax followed the rules correctly, but got a different answer than the Oregon Department of Revenue. In this case, since the Oregon Department of Revenue is sending me a refund of the penalty I paid based on the TurboTax calculation, I think I'll go with Oregon's take on this!!  
"I made less money"  does not necessarily mean you can be claimed as someone else's dependent.  You must meet certain criteria to be claimed as a dependent by your parents or anyone else.  We have no... See more...
"I made less money"  does not necessarily mean you can be claimed as someone else's dependent.  You must meet certain criteria to be claimed as a dependent by your parents or anyone else.  We have no information about you.   Here is what your parent would need to determine if you can be claimed:   WHO CAN I CLAIM AS A DEPENDENT?     You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2024 tax return as long as they meet the following requirements: Qualifying child They're related to you. They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They're under the age of 19 (or 24 for full-time students). No age limit for permanently and totally disabled children. They lived with you for more than half the year (exceptions apply). They didn't provide more than half of their own support for the year. Qualifying relative They don't have to be related to you (despite the name). They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They lived with you the entire year (exceptions apply). They made less than $5050 in 2024.   (Not counting Social Security) You provided more than half of their financial support. When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent. Related Information: What does "financially support another person" mean?     If you can be claimed as someone else's dependent: Go to MY INFO.  Click your name.   Go through the screens for the question that asks if someone else can claim you as a dependent.  Say YES.  
When you enter your personal information into the TurboTax form at the beginning it will ask you if someone else can claim you as a dependent.  You make sure that you answer 'yes'.  As long as you do... See more...
When you enter your personal information into the TurboTax form at the beginning it will ask you if someone else can claim you as a dependent.  You make sure that you answer 'yes'.  As long as you do that the system will take care of everything else.   @Joshua-gordon489 
No one in the user forum can resolve a billing issue.  If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help.  Do not use the word ... See more...
No one in the user forum can resolve a billing issue.  If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help.  Do not use the word “refund.”   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
I made less money so my mom claimed me on her taxes
When you enter the W2G into TurboTax you will enter the state information on there.  Also, at the beginning when you enter the personal information about yourself, the system asks if you earned any m... See more...
When you enter the W2G into TurboTax you will enter the state information on there.  Also, at the beginning when you enter the personal information about yourself, the system asks if you earned any money in a state besides your home state.  You need to answer 'yes' to that question.   The system will generate a New York non-resident return for you.  New York returns use your entire income from your federal return to figure out your tax rate.  Then they charge you that tax rate on the earnings in New York which in your case is just the W2G.  So don't be freaked out that your total federal income is on the New York return.  They aren't taxing everything, just using it for the math.   @721alucio 
Domicile is a legal term. Your domicile is your permanent home, the place you intend to return to after being away. You can have only one domicile at a time, but you can have more than one residence.... See more...
Domicile is a legal term. Your domicile is your permanent home, the place you intend to return to after being away. You can have only one domicile at a time, but you can have more than one residence. You have to pay Massachusetts tax if you are a Massachusetts resident, even if your domicile is elsewhere. Each state has its own definition of a resident for income tax purposes. Here is the Massachusetts definition of a resident, from the Form 1 instructions. "You are a full-year resident if your residence (domicile) is in Massachusetts or if you maintain a permanent place of abode in Massachusetts and during the year spend more than 183 days, in the aggregate, in the state." Read the definition very carefully. Note that spending any particular amount of time outside of Massachusetts does not necessarily mean that you are not a resident. Of course, you also have to pay Massachusetts tax on any income that you earn in Massachusetts, even if you are not a resident. Finally, I am not a lawyer and I cannot give you legal advice. If your domicile or residence is not clear, you might wish to consult a tax lawyer in Massachusetts who can review all the details of your situation and advise you as to your domicile and residence, and whether you have to pay Massachusetts income tax.  
re the "missing" 8949s did you import all the 1099-Bs or input some of them; if they are input as "sales summary" totals rather than "one by one" and there are no adjustments then the totals go in Sc... See more...
re the "missing" 8949s did you import all the 1099-Bs or input some of them; if they are input as "sales summary" totals rather than "one by one" and there are no adjustments then the totals go in Schedule D Line 1a/8a and there is no Form 8949 detail required.
You cannot amend using the online software for a prior year.  You will need to download the 2023 program and then download your .tax file from the online platform.    How do I amend my federal ta... See more...
You cannot amend using the online software for a prior year.  You will need to download the 2023 program and then download your .tax file from the online platform.    How do I amend my federal tax return for a prior year?    
Is this because I had put in a wrong digit in my last year's AGI and once I corrected it, had to resubmit? Is it a resubmitting fee?
Several  states do not have a state income tax.  So these states will not show up in certain drop down lists.   Leave boxes 15, 16, and 17 blank when you enter a W-2 for these states.   Alaska, F... See more...
Several  states do not have a state income tax.  So these states will not show up in certain drop down lists.   Leave boxes 15, 16, and 17 blank when you enter a W-2 for these states.   Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming  
No.  Once the rental property is no longer 'available for rent' then you can't deduct expenses for it.  The costs of preparing it for sale are added to the basis of the property to reduce the gain on... See more...
No.  Once the rental property is no longer 'available for rent' then you can't deduct expenses for it.  The costs of preparing it for sale are added to the basis of the property to reduce the gain on the sale when it happens.  You'll total up these costs and - along with any costs from the closing statement - enter them into TurboTax as 'expenses of the sale'.   @cboharvey