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April 7, 2025
7:40 PM
IN DETERMINING THE TAXABLE AMOUNT FOR MA, IT'S ASKING FOR ME TO ENTER PREVIOUS YEARS DISTRIBUTIONS, WHY? WHAT IF I DON'T KNOW THE TOTATALITY OF ALL THE DISTRIBUTIONS?
April 7, 2025
7:40 PM
Tried to efile both Fed and NY state Trust returns simultaneously but Turbo Tax says I can’t efile my NYS Trust return using Turbo Tax because my return has withholding and that I must mail them in....
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Tried to efile both Fed and NY state Trust returns simultaneously but Turbo Tax says I can’t efile my NYS Trust return using Turbo Tax because my return has withholding and that I must mail them in. If so, can I still efile my Trust return for Federal? If so, what are the steps to do this separately? TIA - Twam
Topics:
April 7, 2025
7:39 PM
Be sure you are not inside a business to enter the form. You need to be on the main income screen. The online and desktop programs are a little different. The key points are that you have to mark:
...
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Be sure you are not inside a business to enter the form. You need to be on the main income screen. The online and desktop programs are a little different. The key points are that you have to mark:
no intent to earn money
mark that the income is only for this tax year. Otherwise the program will think it is recurring income and a business.
mark no to like main job
Add one more set of instructions that contains the key elements you need to locate and answer from above.
Log in to your return.
Go to income
Scroll down to Other Common Income or show Less Common Income
Select Income from 1099-MISC
Edit/ Start/ Revisit
Enter income -the income should be in box 3,
Enter tax if any withheld in box 4
Continue
Describe the reason -
continue
None of these apply
Continue
Did this involve main job?
No
Continue
How often do you get?
Got in 2024
Continue
Intent to earn money?
No
Continue
Do you have another?
No
Continue
@nseelen If you are using the desktop version, you can see it in Forms mode.
April 7, 2025
7:39 PM
I followed all available advice (do not import data -enter manually, restart TT, enter 0.00 in all empty fields etc., but keep getting the "needs review" prompt. Any new ideas of how to get over this?
Topics:
April 7, 2025
7:37 PM
You can use TurboTax Business to prepare a Form 1065 - but that is a business only return. You still need a personal tax product to prepare your personal taxes on Form 1040. If you have a K-1 fr...
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You can use TurboTax Business to prepare a Form 1065 - but that is a business only return. You still need a personal tax product to prepare your personal taxes on Form 1040. If you have a K-1 from a partnership or multimember LLC, that gets entered with your personal taxes on Form 1040. In that situation, you would not need TurboTax Business.
Where do I enter a Schedule K-1 that I received?
Do you own a partnership or multi member LLC that you need to prepare a business return for? Or do you just need to include a K-1 from a partnership or multimember LLC on your personal tax return? Or both?
What type of entity is my business?
April 7, 2025
7:36 PM
Most of the pages in your PDF are worksheets and not part of your return. Form 1040, Schedule A, Schedule C, Schedule E are the main forms. If you go through the interview for the topics you know a...
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Most of the pages in your PDF are worksheets and not part of your return. Form 1040, Schedule A, Schedule C, Schedule E are the main forms. If you go through the interview for the topics you know apply to you in each section (Income/Deductions & Credits), it may not be as bad as you're thinking.
Have you thoroughly searched your computer for a .tax2023 file? There are usually back-ups created, in the TurboTax > Documents folder.
@JM
April 7, 2025
7:36 PM
I'm trying to download Turbo Tax 2024 through the usual product key route. I get to the License Agreement part and Install part... but then I get the following prompt "Another installation is in prog...
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I'm trying to download Turbo Tax 2024 through the usual product key route. I get to the License Agreement part and Install part... but then I get the following prompt "Another installation is in progress. You must complete that installation before continuing this one." I searched for some resolutions thinking it may be my computer, but I'm able to download other software but not Turbo Tax. Anybody else experience the same issue??? Thanks in advance! Alan
April 7, 2025
7:34 PM
No. Washington doesn't have a state income tax. There is an option to file for the Washington State Families Tax Credit in TurboTax, but since you did not live in Washington for more than half the ye...
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No. Washington doesn't have a state income tax. There is an option to file for the Washington State Families Tax Credit in TurboTax, but since you did not live in Washington for more than half the year, you aren't eligible for the credit.
April 7, 2025
7:34 PM
1 Cheer
this is my first year making money. i made enough in taxes to do "quarterly payments" do i need to pay quarterly this year as i make my income? if so how, because i cant find anything, ontop of that...
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this is my first year making money. i made enough in taxes to do "quarterly payments" do i need to pay quarterly this year as i make my income? if so how, because i cant find anything, ontop of that i tried getting a live agent text chat for support, guess it doesnt exist. i have bad social anxiety, prefer to talk in a text chat
April 7, 2025
7:34 PM
I just saw a post on the same issue you are having and the issue was resolved by deleting both 1098's and reentering them. Deleting and reentering only the 1098 that is not transferring doesn't do it.
April 7, 2025
7:33 PM
The premiums you paid for Medicare Part D are a medical expense.
If you had the premiums taken out of your Social Security benefits, and you entered it on the screen where you entered your SSA-10...
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The premiums you paid for Medicare Part D are a medical expense.
If you had the premiums taken out of your Social Security benefits, and you entered it on the screen where you entered your SSA-1099, TurboTax will automatically include it in your medical expenses. You do not enter it anywhere else.
If you did not have the premiums taken out of your Social Security benefits, you can include it in the insurance premiums that you enter when you enter your medical expenses.
But only medical expenses in excess of 7.5% of your Adjusted Gross Income (AGI) are deductible. (Enter the full amount that you paid in TurboTax. TurboTax will subtract 7.5% of your AGI.) If your total medical expenses, including the Medicare Part D premiums, are less than 7.5% of your AGI, the Part D premiums will not make any difference in your deductions or your tax.
In addition, medical expenses are an itemized deduction. They will not reduce your tax or increase your refund unless your total itemized deductions are more than your standard deduction.
No, your income of 7,000 would not make you ineligible.
I would guess that you do not have a tax liability for the credit to be used against.
Look at your 1040 line 16, if that is zero, the ...
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No, your income of 7,000 would not make you ineligible.
I would guess that you do not have a tax liability for the credit to be used against.
Look at your 1040 line 16, if that is zero, the credit is useless, so the program would say you don't qualify.
HERE is how to look at your 1040 using Online
Desktop users simply switch to FORMS
April 7, 2025
7:32 PM
If I follow your recommation, I end up getting the same amount for cost basis and sale price, which results in zero capital gain/loss. This cannot be true as I am incurring a loss from this investmen...
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If I follow your recommation, I end up getting the same amount for cost basis and sale price, which results in zero capital gain/loss. This cannot be true as I am incurring a loss from this investment.
April 7, 2025
7:32 PM
You can enter that amount under the estimated payments as an additional payment.
April 7, 2025
7:31 PM
If you're using TurboTax Online and you already Efiled, when you Sign In you should see a summary page.
Click on the big blue link 'Download Return'. In the right-side you'll 'Downloads' Clic...
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If you're using TurboTax Online and you already Efiled, when you Sign In you should see a summary page.
Click on the big blue link 'Download Return'. In the right-side you'll 'Downloads' Click on 'Open File' and when the PDF window opens, you'll see your return. Save this PDF file for your records, or to print later.
Or, scroll all the way down the page and click on 'Add a State'. This will get you back into your return where you can go to the Print Center under Tax Tools > Tools in the left-side menu.
@ellencallaway
April 7, 2025
7:30 PM
Unfortunately, we experience the same CA Form 3805Q error in 2025. Would anyone share how to resolve this issue?
April 7, 2025
7:29 PM
You can definitely get started on your 2023 taxes, but there are a few things to keep in mind if using TurboTax
Filing 2023 Taxes with TurboTax:
TurboTax Online: The current online version of ...
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You can definitely get started on your 2023 taxes, but there are a few things to keep in mind if using TurboTax
Filing 2023 Taxes with TurboTax:
TurboTax Online: The current online version of TurboTax is for the 2024 tax year. To file your 2023 taxes, you'll need to use the desktop version. You can purchase and download the 2023 TurboTax software from TurboTax's past years' products.
Reach back out if you meant something else.
April 7, 2025
7:28 PM
Yes, per IRS Publication 502, you can deduct Medicare Part D if you itemize your deductions. Also see this TurboTax Help Article: How does the standard deduction differ from itemizing deductions?...
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Yes, per IRS Publication 502, you can deduct Medicare Part D if you itemize your deductions. Also see this TurboTax Help Article: How does the standard deduction differ from itemizing deductions?
April 7, 2025
7:27 PM
1 Cheer
I am still experiencing this issue. Even when I select "continue" and then return, the top box related to discounted loans still appears checked and cannot be unchecked. I am able to click the "No...
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I am still experiencing this issue. Even when I select "continue" and then return, the top box related to discounted loans still appears checked and cannot be unchecked. I am able to click the "None of the above" box, but the discounted loans box remains checked (which should be impossible in well-written software).