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April 13, 2025
8:39 AM
Thanks I figured that and way too many transactions! It truly sucks as the savings are $500! my husband took his RMD twice! Ready to kill him! thanks
April 13, 2025
8:39 AM
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April 13, 2025
8:39 AM
Which TurboTax program are you using? Your post indicates the TurboTax online editions where there are no e-file fees, federal or state.
Using the TurboTax desktop editions there is a e-file fee f...
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Which TurboTax program are you using? Your post indicates the TurboTax online editions where there are no e-file fees, federal or state.
Using the TurboTax desktop editions there is a e-file fee for a state tax return of $25. This fee can be avoided by printing and mailing the tax return.
If you are using the desktop editions, there was a screen for you to pay the state e-file fee either with a credit card or from your federal tax refund. On the screen you were shown that there was a $40 charge to use this option to pay with the federal tax refund.
April 13, 2025
8:39 AM
My son claimed his student loan deductions on his personal return however he still fits the criteria as a dependent. When Turbotax asks me about my dependents he qualifies (lives with us, full time s...
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My son claimed his student loan deductions on his personal return however he still fits the criteria as a dependent. When Turbotax asks me about my dependents he qualifies (lives with us, full time student, no one else can claim him, etc). What I have been reading says though he is not a dependent and cannot be claimed as such on my return because he claimed the student interest deduction. Any insight? Which is correct? It would seem Turbotax would ask that question to help determine qualification. Thanks!
April 13, 2025
8:38 AM
Yes, you must include the 1095-A for all dependents you are claiming on your tax return.
April 13, 2025
8:38 AM
April 13, 2025
8:38 AM
April 13, 2025
8:37 AM
Since the Tax Computation Worksheet is "hidden" I can't see where there is a difference in the calculation. I'm in the MFJ Over $383,900 but not over $487,450 section on this return.
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April 13, 2025
8:37 AM
You can delete that Form W-2 and add another if you need to .
To delete a Form W-2:
If you are using TurboTax Online/Mobile: you can use this link W-2, or you can:
Open your return. ...
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You can delete that Form W-2 and add another if you need to .
To delete a Form W-2:
If you are using TurboTax Online/Mobile: you can use this link W-2, or you can:
Open your return.
Go to "wages and income"
Under W-2 select the garbage can icon next to your W-2 that you need to delete.
If you are using TurboTax Desktop:
Open your return
In the Search bar, enter "W-2" and select the link "Jump to W-2" link. This will take you to your W-2 entries
Select the (down) caret next to your W-2 and then select the garbage can icon next to the Form W-2 that you want to delete.
To enter a Form W-2 manually:
If you are using TurboTax Online you can:
Sign into your return
Click on" Pick up where you left off"
Click "Search" at the top right of your screen
In the search box, type "W-2"
Click on "Jump to W-2"
Click on "Add a W-2"
Select "Type it in Myself"
Follow the TurboTax screens and answer all follow-up questions
If you are using TurboTax Desktop, you can:
Open or continue your return
Click "Search" at the top right of your screen
In the search box, type "W-2"
Click on "Jump to W-2"
Your screen will say "We'll start with your W-2", click the box "Work on my W-2" want to file
Your screen will say "Let's Start With a Bit of Info From Your W-2" , enter your Employer ID from Box b of your W-2"
Click on "Continue"
Select to type in your Form W-2.
Follow the TurboTax screens and answer all follow-up questions.
Click here for additional information regarding editing your Form W-2.
Click here for additional information on importing your W-2.
Click here for additional information on manually entering your W-2
April 13, 2025
8:37 AM
Can you clarify if you are using the same login information as the account you purchased the software from?
April 13, 2025
8:36 AM
You can delete that Form W-2 and add another if you need to .
To delete a Form W-2:
If you are using TurboTax Online/Mobile: you can use this link W-2, or you can:
Open your return. ...
See more...
You can delete that Form W-2 and add another if you need to .
To delete a Form W-2:
If you are using TurboTax Online/Mobile: you can use this link W-2, or you can:
Open your return.
Go to "wages and income"
Under W-2 select the garbage can icon next to your W-2 that you need to delete.
If you are using TurboTax Desktop:
Open your return
In the Search bar, enter "W-2" and select the link "Jump to W-2" link. This will take you to your W-2 entries
Select the (down) caret next to your W-2 and then select the garbage can icon next to the Form W-2 that you want to delete.
To enter a Form W-2 manually:
If you are using TurboTax Online you can:
Sign into your return
Click on" Pick up where you left off"
Click "Search" at the top right of your screen
In the search box, type "W-2"
Click on "Jump to W-2"
Click on "Add a W-2"
Select "Type it in Myself"
Follow the TurboTax screens and answer all follow-up questions
If you are using TurboTax Desktop, you can:
Open or continue your return
Click "Search" at the top right of your screen
In the search box, type "W-2"
Click on "Jump to W-2"
Your screen will say "We'll start with your W-2", click the box "Work on my W-2" want to file
Your screen will say "Let's Start With a Bit of Info From Your W-2" , enter your Employer ID from Box b of your W-2"
Click on "Continue"
Select to type in your Form W-2.
Follow the TurboTax screens and answer all follow-up questions.
Click here for additional information regarding editing your Form W-2.
Click here for additional information on importing your W-2.
Click here for additional information on manually entering your W-2
April 13, 2025
8:36 AM
If your W-2 does not have a tax ID for the state, you can use the federal EIN for Box 15.
April 13, 2025
8:36 AM
Did you request a return of the excess from the retirement fund? You must do that first.
This link will have the steps to report it, but if you did not request return, you NEED to do that fi...
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Did you request a return of the excess from the retirement fund? You must do that first.
This link will have the steps to report it, but if you did not request return, you NEED to do that first.
What if I have a 401(k) excess deferral? - TurboTax Support
April 13, 2025
8:35 AM
Thank you so very much! I spent all day yesterday working on this and I'm tired of looking at it. This works for me.
April 13, 2025
8:35 AM
Solved for me at least. Antivirus software from F-Secure, Turn off Banking mode. It prevents etrade from even attempting to connect.
April 13, 2025
8:35 AM
1 Cheer
The percent of business use of the home office is missing from the calculation and therefore the result is that the calculation shows a loss for your business.
When you go through the Federal R...
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The percent of business use of the home office is missing from the calculation and therefore the result is that the calculation shows a loss for your business.
When you go through the Federal Review of your return, this error will be flagged and you can enter the amount on that review screen. The amount to enter is the percentage of time that you spend in your home office making money for your business. If all of your time is spent working in your home office for your business, then enter 100%.
You can also make the correction to the calculation using Forms Mode. Use these steps:
Click Forms on the top row of TurboTax.
Go to Form 8829.
Scroll to the section titled Line 8 Calculation Smart Worksheet and enter your percent of business use of the home office on line B.
Click Step-by-Step at the top of the screen to go back to the input screens.
@jhottel
April 13, 2025
8:35 AM
No. Let's start with the 1099-Qs - you said it went straight to the college. I am going to assume this was room and board since there are scholarships. It may have gone to education expenses.
S...
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No. Let's start with the 1099-Qs - you said it went straight to the college. I am going to assume this was room and board since there are scholarships. It may have gone to education expenses.
Step 1 - Did all of the Q get used on 529 qualified Room and Board and Qualified Education Expenses - Internal Revenue Service?
If yes, the Q should not be entered. A nontaxable transaction should not be entered
If no, then the taxable amount will be added to your return.
Step 2 - Do you qualify for education credit? You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).
No, Income does not allow the credit:
the 1098-T is not entered on the parent's return
the 1098-T is entered on the student return
If the scholarships are not restricted to tuition and no Q income used on education expenses, the answers are:
Yes, Income allows the credit:
Enter the 10998-T tuition of $4000 on your return and everything else blank.
Enter the 1098-T on the students return but take out $4000 from box 1 (since it is on your return).
If you had restricted scholarships or some of the Q went towards education expenses, you will have to account for that and refigure your numbers. We are glad to help but we need to know more to move farther. The IRS has a great brochure that explains how scholarships and tax credits interact.
Step 3 -
Does the student need to file a tax return is the next question. Take this quick quiz, Filing requirement.
Reference: IRS Publication 970, Tax Benefits for Education states:
Page 45: Don't report tax-free distributions (including qualifying rollovers) on your tax return.
April 13, 2025
8:34 AM
Topics:
April 13, 2025
8:34 AM
Cannot get past the purchase product screen and already purchased the product
Topics: