All Posts

In the Business Profile; see below.   But I believe you said your 1099-misc was for interest.   If it is for personal interest you received, you don't need Schedule C as Schedule C is only for self-employment activity.   If this is for interest, you should delete the Schedule C.  @johngwaechter            How to delete forms in TurboTax Online   How to delete forms in TurboTax Desktop

Thank you Dawn. I was able to override on Form 4562 (Depreciation and Amortization report). But it's not letting me override on Form 4562 (AMT Depreciation report). The overide button is greyed out for this? Why is this the case? Why can I not override all fields?   The strategy I took was to increase the business use % in TT to get the correct depreciation, and then to override and change all the % back in the form. This way I have to do minimal work. But it's not letting me override everything. Can you suggest how I can override on Form 4562 (AMT Depreciation report). The overide button is greyed out for this? Im on a Mac. Thanks!

One more question:  my 1099-DIV form shows that I earned exempt-interest dividends, but the form does not list from which state(s) these exempt-interest dividends were earned or which state(s) issued these municipal bonds.  Turbo Tax says that I should select “Multiple States” from its drop-down menu, even as a Florida resident.  Is this correct or should I select “Florida” from the list?  Please advise.  Thanks.   John B.

If your quarterly withholding plus estimates for 2025 are at least 100% / 4 = 25% ( 110% / 4 for certain high income taxpayers) of your 2024 tax, there will be no penalty on your 2025  tax return, regardless of any jump in income. you are protected from a sudden capital gain or spike in income e.g. Roth conversion.at year end. you know your prior year's tax when you file by April 15, which is also the first estimated tax payment due date.   @Taxstar58 

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

This did not solve it. Like I said I'm on CSRS Office of Personnel Management federal retirement and get a payment each month. TT generated a 5329-t and put my gross pay under L incorrect early distibutions  and later said it was exception #12.  But something caused tt to generate this false form.  Obviously entering my gross pay is not what it wants or a following question was answered wrong.   Following question:  The entire distrib applied to 2024. Next question:  Yes the amt in box 2a was used as taxable amt.   How do I enter an RMD that will work?????