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April 7, 2025
8:27 PM
How to upload the software with the license code?
April 7, 2025
8:27 PM
I have carryover loss on both my federal return and my MA return. However, it appears that up to $3000 can be applied against income for federal returns but only $2000 can be applied against income f...
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I have carryover loss on both my federal return and my MA return. However, it appears that up to $3000 can be applied against income for federal returns but only $2000 can be applied against income for MA returns. This means that I now have a difference in carryover loss this year between my MA and federal returns (ie. the numbers on Form 1040 Schedule D line 16 minus line 21 versus MA Schedule D line 23). So when Turbotax asks me "Did you have any Massachusetts / federal basis differences for any of your reported long-term capital gain or loss transactions?", does that mean the answer is yes? What is a basis difference? Is that the same thing as just saying a difference? Thank you!
April 7, 2025
8:26 PM
Do you have the 16 digit License Code? How to install the Desktop Download program https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oL...
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Do you have the 16 digit License Code? How to install the Desktop Download program https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US
April 7, 2025
8:24 PM
Did you select state taxes?
April 7, 2025
8:24 PM
Must the non resident spouse also file AZ taxes if she had no AZ sourced income?
April 7, 2025
8:24 PM
My son is in senior high school, will graduate 2025. In 2024 we paid $450 to transfer 2 AP courses into 6 college credits toward his bachelor degree. We also paid $500 admission deposit to the colleg...
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My son is in senior high school, will graduate 2025. In 2024 we paid $450 to transfer 2 AP courses into 6 college credits toward his bachelor degree. We also paid $500 admission deposit to the college in Dec 2024. He received 1098-T for 2024 from the college with a mark “at least half time” for $450. Question, should we claim AOTC on our tax 2024 for $450, or $950, or $0? We expect our AGI will be $180K+ by his 2nd or 3rd year of college.
April 7, 2025
8:23 PM
Thanks Victoria, Is the $3,000 Stock loss deduction need to be added back? Did TurboTax calculate the MAGI in our tax return as I don't see it. Thanks again.
April 7, 2025
8:22 PM
What? Please explain more. What form didn’t you get? Are you asking about Social Security you received and got a SSA-1099? Or a W2 job income with Social Security withholding? You must report...
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What? Please explain more. What form didn’t you get? Are you asking about Social Security you received and got a SSA-1099? Or a W2 job income with Social Security withholding? You must report all your income. How to get a copy of a SSA-1099 Get tax form (1099/1042S) | SSA Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes on the left side or top Wages and Income Then scroll down to Retirement Plans and Social Security Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit button Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches: Married Filing Jointly: $32,000 Single or head of household: $25,000 Married Filing Separately: 0
April 7, 2025
8:22 PM
You can easily download a copy of your your SSA-1099 from the Social Security Administration by clicking on the following link: Get tax form (1099/1042S)
April 7, 2025
8:22 PM
@vijay-saikrishna TurboTax is asking the questions ( like whether you used standard deduction or itemized deduction ) to compute if and how much of the State refund should be taxed. This has ...
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@vijay-saikrishna TurboTax is asking the questions ( like whether you used standard deduction or itemized deduction ) to compute if and how much of the State refund should be taxed. This has been around for ages. If you used standard deduction then none of the refund is taxable for federal purposes. If you used itemized deduction then it uses "sales tax " for your AGI or the actual SALT you sued to see how much of the refund should be taxable. e.g. if you used State tax of 8000 for your federal return in 2023 and now got back 1000 as State refund then TurboTax will compute both ways ( SALT and Sales Tax choices ) for taxation of the refund. That is the theory behind this ---
Is there more I can do for you ?
April 7, 2025
8:22 PM
This year I am using the TT desktop premier version. In the previous 5 years, I've used TT online. The desktop version is giving me BIG TIME PAIN IN #$!##!!!. I've have read some of the old post d...
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This year I am using the TT desktop premier version. In the previous 5 years, I've used TT online. The desktop version is giving me BIG TIME PAIN IN #$!##!!!. I've have read some of the old post dating back to 20I9 and had hope by now TT have fixed these problems for the Form 1116. Does not seem so. Can someone help me with the TT desktop version? I have tried the tricks to do each country, but it comes back to the Form where it does not allow me to edit. How to fix this problem? I have 3 countries (Canada - divdend = $1,060, taxes paid = $160; RIC - dividend = $600, taxes paid = $250; Netherlands - dividend = $100, taxes paid = $10) to report on Form 1116. The cursor goes to the blue and pink fields, but it does not let me do anything (edit, change, delete, backspace) in either the blue or pink field. It won't let me click CONTINUE nor does it allow me to go BACK. Hope to hear back with some good answers. Thanks everyone.
April 7, 2025
8:20 PM
Hi! I am attempting to complete my 2024 taxes and am very confused on how to complete the 8606 form. I completed my backdoor Roth for 2023 and 2024 in the 2024 year. I received my 1099-R from Fid...
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Hi! I am attempting to complete my 2024 taxes and am very confused on how to complete the 8606 form. I completed my backdoor Roth for 2023 and 2024 in the 2024 year. I received my 1099-R from Fidelity showing that I have a total of $12998. After looking closer, the timeline is as follows: March 2024: added $6500 to my IRA March 2024: transferred $5998 to my Roth (due to losses from investments) September 2024: added $7000 to my IRA September 2024: transferred $7000 to my Roth I did not realize that I had such a loss when I did the rollover in 2023, therefore when I did my taxes for 2023, I completed the form 8606 as the $6500. I am confused on how to amend my 2023 taxes. I am even more confused on how to complete my split-year backdoor Roth without also having to amend it in the future. I currently have: 1) $7000, 2) 5998, 3) 12998, 5) 12998, 10)x, 13) 12998, 14) 0, 15a) 0, 15c) 0 Does this seem correct?
April 7, 2025
8:19 PM
No, Taxpayers cannot deduct the cost of supplemental insurance policies, such as those provided by AFLAC, on their tax returns. According to the IRS, the cost of an insurance policy that pays a speci...
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No, Taxpayers cannot deduct the cost of supplemental insurance policies, such as those provided by AFLAC, on their tax returns. According to the IRS, the cost of an insurance policy that pays a specified amount to insured parties who are sick or hurt is not a deductible medical expense.
April 7, 2025
8:18 PM
Do I file without forms?
Topics:
April 7, 2025
8:18 PM
How to upload the Intuit Turbotax Tax software I purchased from Costco
April 7, 2025
8:18 PM
TurboTax error 2755 typically indicates an issue with the Windows Installer service, often related to insufficient permissions or a corrupted installation. Here's a breakdown of potential causes and ...
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TurboTax error 2755 typically indicates an issue with the Windows Installer service, often related to insufficient permissions or a corrupted installation. Here's a breakdown of potential causes and solutions:
Possible Causes:
Permissions Issues:
The installer may not have the necessary permissions to access files or directories during the installation process. Here's How to Switch Out of 'S' Mode for Windows 11.
User Account Control (UAC):
UAC enabled by default can restrict even administrator users during installation.
Temp Directory Issues:
The installation might not have access to the Temp directory, or the Temp directory might be full or corrupted.
Troubleshooting Steps:
Run as Administrator: Right-click the TurboTax installer and select "Run as administrator".
Check Windows Installer Service:
Open the Services console (type services.msc in the Run dialog).
Locate the "Windows Installer" service.
Ensure the "Startup type" is set to "Manual" or "Automatic" (if it's disabled, change it).
Disable UAC Temporarily: Temporarily disable UAC during the installation process (with caution, as it can compromise security).
Check Windows Updates: Make sure your Windows operating system is up to date.
Check Disk Space: Ensure there's enough free space on the drive where you're installing TurboTax.
Repair Windows Installer: You can try repairing the Windows Installer service using the Windows Installer Cleanup tool.
Try a Different Installation Method: If you're using a downloaded version, try uninstalling and reinstalling from your MyDownloads folder.
@mhartley
April 7, 2025
8:18 PM
It is entered in the same place as unemployment, so that is fine. But you do not need to mark taxable grant. If there was tax withheld on your 1099-G, you should enter that amount when prompted. ...
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It is entered in the same place as unemployment, so that is fine. But you do not need to mark taxable grant. If there was tax withheld on your 1099-G, you should enter that amount when prompted. If you entered it in the wrong place, delete the entry and re-enter it in the correct spot. It depends on what box number the income is in. If the income is in: Box 1 - 1099-G for unemployment or paid family leave Box 2 - 1099-G for a state or local refund - do not use this or the taxable grant entry. Use the link that corresponds with the type of 1099-G you received. The screen should look like the one below:
April 7, 2025
8:17 PM
Nevermind. I just left that field empty and it seems to like that. Glad I got it figured out. I appreciate your help. Thanks.