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April 7, 2025
8:32 PM
Received a 1099 misc box 3 other income for replacement of fencing, trees, and shrubs due to a county road widening project. We will be replacing the fencing, trees, and shrubs. How/where do you ente...
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Received a 1099 misc box 3 other income for replacement of fencing, trees, and shrubs due to a county road widening project. We will be replacing the fencing, trees, and shrubs. How/where do you enter the expenses to offset the income. (This payment is not for temporary or permanent easements -that was reported separately)
April 7, 2025
8:32 PM
I have looked at California FTB documents and confirmed that CA follows federal methods for tracking installment sales of property. However, I don't know how to get @turbotax to complete my CA retur...
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I have looked at California FTB documents and confirmed that CA follows federal methods for tracking installment sales of property. However, I don't know how to get @turbotax to complete my CA return correctly and show the tax I owe. I received $25,000 principal in 2024 and the buyer withheld 3.33% from the payment (per CA law). According to my calculation I would be in the 9.3% tax bracket, so I should owe 5.99% on the $25,000 principal received, or $1,497.50. So, I don't know why TurboTax says my CA tax is $0. I also have a tax question on the interest received: do I owe CA tax on interest received on the note, even if I am a non-resident? Also, are my calculations above correct? If I don't get an answer back from TurboTax by the filing deadline I will submit a payment to FTB to avoid penalties.
April 7, 2025
8:32 PM
What kinds of income are NOT required to be allocated to NM on NM Form PIT-B? I receive income from 2 real estate partnerships in New York State which I am taxed on by New York State. Am I required ...
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What kinds of income are NOT required to be allocated to NM on NM Form PIT-B? I receive income from 2 real estate partnerships in New York State which I am taxed on by New York State. Am I required to allocate that partnership income earned and taxed in New York to NM on Firm PIT-B? In other words, do I have to enter it in column 2 as well as column 1 of PIT-B? And if so, can I claim the credit for tax paid to another state on Form PIT-1, line 20?
April 7, 2025
8:32 PM
I changed jobs and my new employer withdrew social security over the maximum deduction. I can't see if Turbo Tax accounted for this in my deductions and it isn't listed as an item I can enter.
April 7, 2025
8:31 PM
I work don’t need a 1099
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April 7, 2025
8:30 PM
The link below has the full instructions to download, install and register to desktop product.
How do I get started with TurboTax Desktop?
April 7, 2025
8:30 PM
Let's get your TurboTax software up and running! Here’s a step-by-step guide to help you install it:
Installing TurboTax Software Purchased from Costco
Locate Your License Code: You should hav...
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Let's get your TurboTax software up and running! Here’s a step-by-step guide to help you install it:
Installing TurboTax Software Purchased from Costco
Locate Your License Code: You should have received a license code with your purchase. If you bought it online, check your email for the code and download link.
Download TurboTax:
Visit the TurboTax Download Page.
Select your product and operating system (Windows or Mac).
Locate and select your download file to start the installation process.
Install TurboTax:
Open the downloaded file and follow the on-screen instructions.
Enter your license code when prompted.
Accept the TurboTax License Agreement and complete the installation
Helpful Links
TurboTax Download Page
TurboTax Installation Guide
April 7, 2025
8:30 PM
My token number is 1302181. Thank you for your help.
April 7, 2025
8:30 PM
@moymmy , are you in forms mode ? If so please use the form 1116 worksheet.
Also, if these foreign taxes have been reported on form 1099-DIV, then your total foreign taxes being under the safe h...
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@moymmy , are you in forms mode ? If so please use the form 1116 worksheet.
Also, if these foreign taxes have been reported on form 1099-DIV, then your total foreign taxes being under the safe harbor threshold, you should n to use form 1116 -- this is because safe harbor will result in up to safe harbor amount as FTC, while 1116 will limit to lesser of US taxes levied and actual Foreign taxes paid -- using a rastiometric allocation of US taxes. Usually this recognizes the whole amount paid but allows only a fraction of the taxes paid to another country
Is there more I can do for you ?
April 7, 2025
8:29 PM
Did you get the package with the 16 digit License Code from Costco? How to install the Desktop Download program https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/downl...
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Did you get the package with the 16 digit License Code from Costco? 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
8:27 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)