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a month ago
There are 8 states that do not tax their residents' income: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming. For W2 - if your state is not listed it doesn't have...
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There are 8 states that do not tax their residents' income: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming. For W2 - if your state is not listed it doesn't have an income tax. Leave W2 boxes 15,16, & 17 BLANK, empty, no spaces. For 1099R - If box 14 for state withholding is empty then leave all boxes 14-16 Blank. If box 14 has an amount and box 16 is blank put in the amount from box 2a in box 16. If box 2a is blank, and you haven't made after-tax contributions to the account, you can use the amount in box 1.
a month ago
I got an email from Charles Schwab saying they would send me a corrected 1099 B by 2/27. Once available I will be able to import updated tax info into my tax preparation software.
a month ago
The Form 1040X to amend a 2025 return is scheduled to be available on February 19---with that date subject to change. But.....your parent(s) do not have to wait for you to amend. Waiting will not ...
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The Form 1040X to amend a 2025 return is scheduled to be available on February 19---with that date subject to change. But.....your parent(s) do not have to wait for you to amend. Waiting will not help them. Your amended return will take months to be processed.
They have two possible remedies:
File their return by mail. Print, sign and date their return that claims you in ink, and mail it. This will delay their refund but the IRS will not reject a mailed return. You still must amend even if they file by mail.
They can seek IP PIN and try to e-file:
GET IP pin in order to e-file if your dependent’s SSN was claimed on another return
https://www.irs.gov/newsroom/irs-takes-steps-to-help-prevent-refund-delays-by-accepting-duplicate-dependent-returns-with-an-ip-pin-for-2025-filing-season-taxpayers-encouraged-to-sign-up-soon-for-ip-pin-online-account
https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin
a month ago
when will it be available?? Need to do my Taxes like asap...
a month ago
The IRS rejected my returns due to the DOB doesn't match their records
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a month ago
I have followed the suggestion of deleting all the cookies and cache in my browser (Firefox 147.0.3), and I am getting the "Not Started" message after I complete the entering all of my rental informa...
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I have followed the suggestion of deleting all the cookies and cache in my browser (Firefox 147.0.3), and I am getting the "Not Started" message after I complete the entering all of my rental information. Yes, I answered all the questions that were presented in the rental information interview. What is the problem with this?
a month ago
I am ready to file my taxes, but the TurboTax program says it can't e-file my return because one of my W-2s does not have an amount in Box 1, which is true. My question is whether my situation has an...
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I am ready to file my taxes, but the TurboTax program says it can't e-file my return because one of my W-2s does not have an amount in Box 1, which is true. My question is whether my situation has an acceptable and legal workaround or if I just need to print and mail to file. I changed jobs this year and moved states, but I worked remotely for the previous employer on a part-time basis after I moved. They sent two W-2s: one with my federal wages and state 1 taxes, and a second with only state 2 taxes. Putting in Box 14 info ("Fed W-2 Data is on separate W-2") doesn't affect that. I'm filing in two states for state taxes, but the "error" message is about the federal return. Thanks!
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a month ago
It depends. If you're itemizing, you can choose between deducting your state and local income taxes or your state and local sales taxes. You can't claim both.
If you choose sales tax, yes, you...
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It depends. If you're itemizing, you can choose between deducting your state and local income taxes or your state and local sales taxes. You can't claim both.
If you choose sales tax, yes, you can use the sales tax on the HVAC as a major purchase for purposes of the sales tax deduction.
a month ago
Thanks for stating your experience. How many transactions did you have on your 1099-B. I have a lot which could be the issue here.
a month ago
Thanks for the quick and easy info! Very helpful! Any "insider information" on the depreciation section? I opened TT a few minutes ago and it still did not update.
a month ago
Box 7 is for the Total Gross Paid - This is the sum of the amounts shown in Boxes 4, 5, and 6. The amount represents the total pension paid in the tax year indicated on the Form RRB-1099-R. TurboTa...
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Box 7 is for the Total Gross Paid - This is the sum of the amounts shown in Boxes 4, 5, and 6. The amount represents the total pension paid in the tax year indicated on the Form RRB-1099-R. TurboTax adds your Boxes 4, 5, and 6 automatically so you do not need to enter Box 7.
a month ago
posting here likely won't resolve this sort of issue, you should call Turbotax directly (and possibly T Rowe Price)
a month ago
Hi @TopShelfTax I'm not sure if you were asking me, but I'm using "TurboTax Online Do It Yourself Premium 2025" which doesn't appear to have the ability to get to worksheets like folks using the down...
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Hi @TopShelfTax I'm not sure if you were asking me, but I'm using "TurboTax Online Do It Yourself Premium 2025" which doesn't appear to have the ability to get to worksheets like folks using the downloaded versions.
a month ago
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a month ago
GET SSA1099
https://www.ssa.gov/faqs/en/questions/KA-01723.html
a month ago
I meant 1098-T not 1099-T
a month ago
if you get success message but no data is imported it may be the browser permission issue, see https://ttlc.intuit.com/community/taxes/discussion/re-vanguard-brokerage-update-is-available-from-va...
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if you get success message but no data is imported it may be the browser permission issue, see https://ttlc.intuit.com/community/taxes/discussion/re-vanguard-brokerage-update-is-available-from-vanguard-but-not-on-turbo-tax/01/3746947/highlight/true#M1390363
a month ago
Box 15 does not require an entry. If there is no entry on your W2, leave it blank.
a month ago
I did all that. I was using Microsoft Edge. Then I tried Google Chrome. Same problem. I will probably try the desktop version. It worked okay for me last year and I had the same 2 inherited IRAs with...
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I did all that. I was using Microsoft Edge. Then I tried Google Chrome. Same problem. I will probably try the desktop version. It worked okay for me last year and I had the same 2 inherited IRAs with the same codes on the 1099-Rs. The review part of the software acts like I only have one IRA. It doesn't differentiate between the two.
a month ago
Married, age 60, filing jointly - I have a 401k and our MAGI will be about $110k, well below the IRS limit of $126k for deducting IRA contributions. Why does the Turbotax software say our two $8k ...
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Married, age 60, filing jointly - I have a 401k and our MAGI will be about $110k, well below the IRS limit of $126k for deducting IRA contributions. Why does the Turbotax software say our two $8k IRA contributions are NOT deductible?