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a month ago
I recreated a scenario like yours, with $100,000 in wages, and the same $100K listed on my W-2 for both MA and RI. When I start the RI return, as you said, it shows $200,000 in the box for wages and ...
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I recreated a scenario like yours, with $100,000 in wages, and the same $100K listed on my W-2 for both MA and RI. When I start the RI return, as you said, it shows $200,000 in the box for wages and salaries, but you can see that the instructions say to enter the portion of your o$100.000 in wages and salaries that you earned from Rhode Island sources.
So while I see how this can be confusing, all you need to do is enter the correct portion of your RI wages in that box. Continue through the interview, apportioning the all other income based on the state where it is sourced. The $200,000 that carried over from your W-2 will not be entered anywhere on your RI or MA returns. You will see the allocation of income on Form RI-1040 NR, Schedule II, Full Year Nonresident Tax Calculation.
a month ago
You mentioned earlier that the gross contribution is $20,443. That amount is non-taxable and the remainder is earnings from interest. As you said, this is an estimate but taxable income is determine...
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You mentioned earlier that the gross contribution is $20,443. That amount is non-taxable and the remainder is earnings from interest. As you said, this is an estimate but taxable income is determined by the gross amount of the distribution minus your contributions made to the plan. From what I understand, all contributions to CPT are made with after-tax dollars.
Any remaining amount is taxable because it represents earnings that have accumulated since 1998.
a month ago
Within the Indiana part-year income tax return, review the entries made at the screen Your Indiana Wages.
There is a screen for the taxpayer and a screen for the spouse, but who each screen is ...
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Within the Indiana part-year income tax return, review the entries made at the screen Your Indiana Wages.
There is a screen for the taxpayer and a screen for the spouse, but who each screen is referring to could be confusing.
a month ago
You should wait a couple of weeks to let your federal amended return be processed. If it won't be accepted electronically by April 15, you can get a six month extension of time to file it. As long as...
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You should wait a couple of weeks to let your federal amended return be processed. If it won't be accepted electronically by April 15, you can get a six month extension of time to file it. As long as you pay in any tax you owe by April 15, you won't get a penalty for filing it after April 15.
Since the state return doesn't mention someone else claiming her as a dependent, it must not be an issue with the state return so that shouldn't be a concern.
a month ago
To enter your 2024 IRA contributions (money you put into your traditional or Roth IRA):
Open or continue your return.
To get to the IRA contributions section:
TurboTax Online/Mobile: ...
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To enter your 2024 IRA contributions (money you put into your traditional or Roth IRA):
Open or continue your return.
To get to the IRA contributions section:
TurboTax Online/Mobile: Go to IRA contributions. or use the magnifying glass at top right of the screen to Search for ira contributions and select the Jump to link.
Follow the onscreen instructions.
Reach back out if you meant something else.
a month ago
Yes. TurboTax has the Detroit tax return available which you can use to request a refund (See: Which city tax returns can I do in the TurboTax state program?)
However, since these are prior yea...
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Yes. TurboTax has the Detroit tax return available which you can use to request a refund (See: Which city tax returns can I do in the TurboTax state program?)
However, since these are prior year returns, you'll need to download TurboTax Desktop to prepare them, here: File your 2023 taxes and File your 2022 taxes
See also: How do I file a 2023, 2022, or 2021 tax return?
a month ago
Called TT 800 number. Could not figure how to generate schedule D. IRS and schedule D instructions says needed. Guess I will do by hand. Hope this is does not repeate next year
a month ago
You can go back to the property tax screens in TurboTax and delete any entries you made regarding your property taxes.
You can do this as follows:
Click on the search icon in the upper...
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You can go back to the property tax screens in TurboTax and delete any entries you made regarding your property taxes.
You can do this as follows:
Click on the search icon in the upper right of your TurboTax screen.
Type "property taxes" in the search bar and hit "Enter"
Click on the link "Jump to property taxes"
Your screen will say, "Enter any additional property taxes paid in 2024"
Delete any entries
You will also have to delete any property taxes reported on your Form 1098 as follows:
Click on your search icon in the upper right corner of your TurboTax screen
Type "Form 1098" into the search bar
Click on the link "Jump to Form 1098"
Continue through your screen
On the screen that says, "Let's get the details from your Form 1098"
Delete any property taxes entered there.
Your screens will look something like this:
a month ago
I did NOT have a refund and none of your answers addressed why vouchers did. not print or printed incorrectly.
a month ago
Yes, it is the same on the Ohio Tax return.
The contribution you give to the Angel Scholarship Fund is handled differently by the Catholic Community Foundation, but the tax credit is treated, and r...
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Yes, it is the same on the Ohio Tax return.
The contribution you give to the Angel Scholarship Fund is handled differently by the Catholic Community Foundation, but the tax credit is treated, and reported, the same.
Angel Scholarship Fund link
a month ago
1 Cheer
You want the legal definition of nonresident adjusted gross income?
(a)Items included in New York adjusted gross income.
The New York adjusted gross income of a nonresident individual inc...
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You want the legal definition of nonresident adjusted gross income?
(a)Items included in New York adjusted gross income.
The New York adjusted gross income of a nonresident individual includes all items of income, gain, loss and deductions which enter into his Federal adjusted gross income; limited, however, to the portions of such items derived from or connected with New York State sources as determined under sections 132.2 through 132.11 of this Part. In addition to the items realized directly by him, it includes (1) his distributive share of partnership income, gain, loss and deduction (see Part 137 of this Article), and (2) his share of estate or trust income, gain, loss and deduction (see Part 139 of this Article). The items thus determined are subject to the same modifications as are applicable for a resident individual under Part 112 of this Title.
In practice, this means that anything that is derived or connected to NYS sources that end up on the federal return, becomes part of the NY Adjusted Gross Income.
In the New York interview in TurboTax, you are asked to allocate income items to New York sources. These entries will go in to the makeup of the NYSADJ.
Perhaps these paragraphs from the NYS Instructions will help
Your New York adjusted gross income is your federal adjusted gross income after certain New York additions and New York subtractions (modifications).
New York State taxes certain items of income not taxed by the federal government. You must add these New York additions to your federal adjusted gross income.
Similarly, New York State does not tax certain items of income taxed by the federal government. You must subtract these New York subtractions from your federal adjusted gross income. See below and Form IT-225, New York State Modifications, and its instructions.
As for bringing your NYS tax to Delaware, I would have thought that that was done automatically if you do NYS first, then DEL.
a month ago
Those are entered in the Medical Expenses section of TurboTax. Where do I enter my medical expenses?
To deduct medical, dental, or vision costs on your federal return, you have to itemize y...
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Those are entered in the Medical Expenses section of TurboTax. Where do I enter my medical expenses?
To deduct medical, dental, or vision costs on your federal return, you have to itemize your deductions instead of taking the Standard Deduction. For most people, the Standard Deduction produces the best outcome on your taxes. You can read our article to learn more about the differences. If you itemize, you can deduct medical expenses that exceed 7.5% of your adjusted gross income (AGI).
Here's how to enter your medical expenses in TurboTax:
Open or continue your return.
Navigate to the Schedule A section:
TurboTax Online/Mobile: Go to Schedule A.
TurboTax Desktop: Search for Schedule A and then select the Jump to link.
a month ago
I sold a parcel of land years ago for which I took back a note for part of the purchase price. The note holder has paid me a portion of the interest due. How do I report that interest income. Ther...
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I sold a parcel of land years ago for which I took back a note for part of the purchase price. The note holder has paid me a portion of the interest due. How do I report that interest income. There is no form 1099-INT.
a month ago
My tax return was adjusted for "unpaid taxes" when I have receipts showing I paid on their website, from their email, from my bank statements.
Topics:
a month ago
Topics:
a month ago
Topics:
a month ago
Go to Business tab-Continue Choose Jump to Full List -or I'll choose what I work on Then….. Business Income and Expenses - Click the Start or Update button Then click EDIT by the business...
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Go to Business tab-Continue Choose Jump to Full List -or I'll choose what I work on Then….. Business Income and Expenses - Click the Start or Update button Then click EDIT by the business name and the next screen should be a list of topics, Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last. Under Business Expenses, Click Start or Update by Other common business expenses Then click Update by Insurance Payments Then click Update by Health Insurance Premiums Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 29, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 schedule 1 line 29, and the remainder gets added in to medical expenses on Schedule A. If it is deducted from your Social Security then delete it from ss and enter it under self employment.
a month ago
Realized losses should be reported as shown on consolidated 1099-B from broker. If your options expired the broker will report that also.
a month ago
I also can't seem to find the Print Center.
a month ago
I dont feel I have the expertise to answer your question. However, I resolved my own issue in this regard to my satisfaction by "asking" ChatGPT. Obviously, I am not a tax professional, cannot gi...
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I dont feel I have the expertise to answer your question. However, I resolved my own issue in this regard to my satisfaction by "asking" ChatGPT. Obviously, I am not a tax professional, cannot give tax advice, and don't know if that would work for you and your situation.