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April 14, 2025
11:06 AM
Personal information such as telephone numbers should not be posted in this public forum. Our filters remove most of this information (including the number in your case) and we don't have any abilit...
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Personal information such as telephone numbers should not be posted in this public forum. Our filters remove most of this information (including the number in your case) and we don't have any ability to request a call on your behalf. Please reach out to TurboTax support using the information HERE. @SJTILI
April 14, 2025
11:06 AM
Turbo Tax says I qualify for the QBI on my income from self-employment/schedule C (I am a piano teacher and it's pretty simple - just reporting income from lessons taught). But when it takes me to th...
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Turbo Tax says I qualify for the QBI on my income from self-employment/schedule C (I am a piano teacher and it's pretty simple - just reporting income from lessons taught). But when it takes me to the summary for QBI it is also deducting 20% of REIT/PTP income. I have some investments that are unrelated to my "small business" as a piano teacher. The deduction is small (<$50), but I'm assuming that it shouldn't be included in the QBI? and if so, how do I get rid of it? Thank you!
April 14, 2025
11:06 AM
I have two transactions, one LT and one ST that were not reported to the IRS according to the broker F1099. The F1099 states that the ST transaction needs to be reported on F8949 in either Part I Bo...
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I have two transactions, one LT and one ST that were not reported to the IRS according to the broker F1099. The F1099 states that the ST transaction needs to be reported on F8949 in either Part I Box B checked or Part II with Box E checked. The F1099 also states that the LT transaction needs to be reported on F8949 Part II with Box E checked. I have manually entered my other 10 transactions on F8949 with either Box A or D checked. How do I create a 2nd copy of F8949 so that I can enter these Box B and Box D transactions? Instructions send me back to Schedule D which sends me back to Copy 1 of F8949.
April 14, 2025
11:06 AM
Question - if you issue someone an unnecessary 1099 (as referenced in the above question), and then click no on the question asked by Turbo Tax regarding you issuing 1099 payments, doesn't that 1. re...
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Question - if you issue someone an unnecessary 1099 (as referenced in the above question), and then click no on the question asked by Turbo Tax regarding you issuing 1099 payments, doesn't that 1. remove that payment as an expense you could have written off, and 2. potentially cause a tax discrepancy down the road if the recipient uses that 1099 on their tax return and there is no record of it in the IRS's database? All payments you issue, whether w2 or 1099, count as an income deduction, because that's less income you have to be taxed on...
April 14, 2025
11:06 AM
If it's asking for an EIN number you are entering it in the wrong place. There is no EIN on social security SSA-1099. Delete it and enter it here, Enter a SSA-1099, SSA-1099-SM or RRB-1099 under ...
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If it's asking for an EIN number you are entering it in the wrong place. There is no EIN on social security SSA-1099. Delete it and enter it here, Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes (Personal for Home&Business) 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
April 14, 2025
11:06 AM
Why do you need them? Is this for a state question?
The IRS does not require medical insurance coverage. In general, if you live in a state that does, you would have been sent a 1099-HC o...
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Why do you need them? Is this for a state question?
The IRS does not require medical insurance coverage. In general, if you live in a state that does, you would have been sent a 1099-HC or another form showing proof of coverage.
April 14, 2025
11:06 AM
HERE is how to view your state return. It will be included with your 1014.
HERE is how to view and delete forms.
Are you trying to get to a particular section? Which state and which section...
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HERE is how to view your state return. It will be included with your 1014.
HERE is how to view and delete forms.
Are you trying to get to a particular section? Which state and which section?
April 14, 2025
11:05 AM
Thanks for the link, will follow up with Turbotax
April 14, 2025
11:05 AM
what is the fee price when paying with a credit card while efilling?
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April 14, 2025
11:05 AM
That's the issue - there is no option "Unknown term basis not reported to IRS". Closest I found was long-term, not reported, but that showed up as code E, not X.
April 14, 2025
11:05 AM
Are you self-employed? If you are self-employed your home office goes on your Schedule C. If you are a W-2 employee, there is nothing to enter about a home office for a federal deduction.
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Are you self-employed? If you are self-employed your home office goes on your Schedule C. If you are a W-2 employee, there is nothing to enter about a home office for a federal deduction.
W-2 employees cannot deduct job-related expenses on a federal return. Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond. Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.
If you live in a state that lets you deduct job-related expenses, the information will flow from your federal return to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses
April 14, 2025
11:05 AM
SSA-1099 on my form does not have a FedID
April 14, 2025
11:05 AM
The number does not match the dollar amount of my Roth distributions in 2024, and I did not make any retirement payments in 2024 so I don't know where the number under "State>Deductions>Retirement Pay...
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The number does not match the dollar amount of my Roth distributions in 2024, and I did not make any retirement payments in 2024 so I don't know where the number under "State>Deductions>Retirement Payments" is coming from. Any advise? Thank you!
April 14, 2025
11:04 AM
You will need to enter the information for your 1095-A on your tax return, but allocate 0% to you and 100% to your parents. The refundable portion of the AOTC is based on more than whether or n...
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You will need to enter the information for your 1095-A on your tax return, but allocate 0% to you and 100% to your parents. The refundable portion of the AOTC is based on more than whether or not your parents claim you. If they could claim you, even if they chose not to, you will not qualify. If you are under age 24 and a full-time student, generally, they can claim you. You can also claim the credit if you are supporting yourself with income you earn. If those items apply in your case, you should indicate this in the interview section for the education expenses and TurboTax will calculate the refundable portion for you.
April 14, 2025
11:04 AM
I'm not sure how to report this, so I will report this 2024 Turbotax H&B desktop broken help system here. This is on a mac. Here are the steps to reproduce: When I get to the excess foreign tax c...
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I'm not sure how to report this, so I will report this 2024 Turbotax H&B desktop broken help system here. This is on a mac. Here are the steps to reproduce: When I get to the excess foreign tax credit part of easystep, there is a hyperlink to learn more. This leads me to the "How to carry back the excess foreign tax credit" helpfile. Now I click on the "Amending a prior year return for a foreign tax credit" hyperlink, and that gives me the screen below. Two issues: - the steps listed on the screen in no way match what I see in my 2023 TT H&B desktop application. - the hyperlink for the Turbotax Support link, which points to https://turbotax.intuit.com/support/iq/Amend-a-Return/Amend-a-Return/GEN12781.html, 400s out. Can we get a ticket created on this issue?
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April 14, 2025
11:04 AM
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April 14, 2025
11:04 AM
April 14, 2025
11:04 AM
I am a college student with a a part time job for Uber Eats, if I made $150 , do I have to file taxes for this amount? If so, what form do I use?
April 14, 2025
11:04 AM
Yes, you must enter a 2024 date since the sale occurred in 2021. You can simply add an investment sale for the percentage of the payment that is capital gain in 2024 with no cost basis and a 'Various...
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Yes, you must enter a 2024 date since the sale occurred in 2021. You can simply add an investment sale for the percentage of the payment that is capital gain in 2024 with no cost basis and a 'Various' purchase date. Of course you will need to enter 2024 as the sales date, however you can name the investment sale '2021 Installment Sale Payment' to identify it.
Add the interest income as if you did receive a 1099-INT. This will take care of the sale for the trust return for 2024. The name of the payer will be the buyer.
Note: Since all depreciation recapture had to occur in the year of sale, the only taxable gain now is capital gain that would end up on Schedule D anyway.
April 14, 2025
11:04 AM
It goes with the form for the reason. If you have rentals, put it on sch E. If you have a business ,sch C. If you are an employee and your state allows the deduction, Form 2106 is used.