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April 7, 2025
3:53 PM
Help
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April 7, 2025
3:53 PM
No, each form does not have a unique number. Try removing the hyphen and change the WTH to lowercase. There are a few different account numbers that are used for Utah withholding, depending on th...
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No, each form does not have a unique number. Try removing the hyphen and change the WTH to lowercase. There are a few different account numbers that are used for Utah withholding, depending on the tax form, but it is the format of the number that sometimes causes an issue on Utah forms.
A tax form entry needs 9-11 digits followed by wth - Example: 12345678901wth
If there is no tax withheld, you may need to try entering zero in Box 14 OR deleting 14-16 leaving them blank.
April 7, 2025
3:53 PM
What form do I find the 2023 state tax overpayment? Referencing Hawaii
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April 7, 2025
3:53 PM
You can just tell the software that you will mail a check to pay your tax due so that you can get past that screen. TurboTax never knows when, how or even if you paid your tax due and does not need...
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You can just tell the software that you will mail a check to pay your tax due so that you can get past that screen. TurboTax never knows when, how or even if you paid your tax due and does not need to know. Your online account will always show that you had federal tax due---because that was the result of the return you prepared using the software.
April 7, 2025
3:53 PM
Capital loss carry-over (if used) is listed on your 1040 line 7
Self-Employment income is reported on Schedule 1 and flows to your 1040 line 8
The loss will not lower the self-employment income. ...
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Capital loss carry-over (if used) is listed on your 1040 line 7
Self-Employment income is reported on Schedule 1 and flows to your 1040 line 8
The loss will not lower the self-employment income.
April 7, 2025
3:51 PM
Tax returns and payments are processed completely separately. There is no need to designate on your Form 1040 how you are paying and you do not need to include your Direct Pay Confirmation page.
April 7, 2025
3:50 PM
I was sent a 1099-NEC form from a project I had worked on last year about community schools within my school district. This was a one time project and I'm not self employed. I have had conflicting se...
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I was sent a 1099-NEC form from a project I had worked on last year about community schools within my school district. This was a one time project and I'm not self employed. I have had conflicting searches about forms to fill out. Do I fill out a 1099-NEC form on Turbotax or an MISC form?
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April 7, 2025
3:50 PM
Charged twice? Did you prepare a federal return and a state return? If so those are two separate fees.
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-...
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Charged twice? Did you prepare a federal return and a state return? If so those are two separate fees.
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
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
April 7, 2025
3:50 PM
April 7, 2025
3:50 PM
Topics:
April 7, 2025
3:49 PM
Self-employment income and expense is reported within the self-employment activity and reported on IRS Schedule C Profit and Loss From Business.
The questions that you are mentioning are requir...
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Self-employment income and expense is reported within the self-employment activity and reported on IRS Schedule C Profit and Loss From Business.
The questions that you are mentioning are required to establish the self-employment activity. You may elect to use 999000 for the generic code.
April 7, 2025
3:49 PM
My initial filing (efile) was rejected, I assume it is because my parents claimed me. What change is needed on my taxes to be accepted?
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April 7, 2025
3:49 PM
If you already filed your taxes and then discovered a 1099-R for money moved from an ESOP to a 401(k), you generally need to amend your return to include this form, even if the funds were rolled over...
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If you already filed your taxes and then discovered a 1099-R for money moved from an ESOP to a 401(k), you generally need to amend your return to include this form, even if the funds were rolled over immediately and no money was taken out. Here’s why:
Reporting the 1099-R: Even though the rollover is non-taxable, you still need to report the 1099-R on your tax return to show the IRS that the distribution was rolled over. If you didn't include it in your original filing, you should amend your return to include this information.
You can use this IRS: Reporting Rollovers Tool to determine If you need to report the transfer or rollover of an IRA or retirement plan on my tax return?
To amend see steps at this link.
April 7, 2025
3:49 PM
1 Cheer
How do you calculate MAGI? To calculate your modified adjusted gross income, take your AGI and "add-back" certain deductions. Many of these deductions can be rare, so it's possible your AGI and MAGI...
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How do you calculate MAGI? To calculate your modified adjusted gross income, take your AGI and "add-back" certain deductions. Many of these deductions can be rare, so it's possible your AGI and MAGI can be identical. Different credit and deductions can have differing add-backs for your MAGI calculation. According to the IRS, your MAGI is your AGI with the addition of the appropriate deductions, potentially including:
student loan interest
one-half of self-employment tax
qualified tuition expenses
tuition and fees deduction
passive loss or passive income
IRA contributions
non-taxable social security payments
the exclusion for income from U.S. savings bonds
foreign earned income exclusion
foreign housing exclusion or deduction
the exclusion under 137 for adoption expenses
rental losses
any overall loss from a publicly traded partnership
IRS Instructions for Calculating MAGI
@SLYKTAX
April 7, 2025
3:48 PM
Topics:
April 7, 2025
3:48 PM
If you were filing a tax return to seek a refund of tax that was withheld from your paychecks, you can do that whether you are claimed as a dependent or not. If you need to change the way you answe...
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If you were filing a tax return to seek a refund of tax that was withheld from your paychecks, you can do that whether you are claimed as a dependent or not. If you need to change the way you answered the question in MY INFO about being claimed as someone else's dependent, then click your name in MY INFO, go back through the screens and correct your answer. Then e-file it again.
April 7, 2025
3:48 PM
1 Cheer
The Hawaii Department of Revenue provides that you can use Hawaii Tax Online to make a payment (1) from your checking or saving account (free) or (2) using a credit or debit card payment (fees apply)...
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The Hawaii Department of Revenue provides that you can use Hawaii Tax Online to make a payment (1) from your checking or saving account (free) or (2) using a credit or debit card payment (fees apply). You may also pay by Automated Clearing House (ACH) credit by following these instructions to work with your bank.
Some individual states had prevented direct debits through tax software, even though they were accepted at their websites, which was why TurboTax had left the voucher in the program. I am raising the issue regarding Hawaii for further review. Thank you for bringing this to our attention.
@eandltaxes
@rckksherm
April 7, 2025
3:48 PM
1 Cheer
It could be that on the screen that says Did you take money out of your nonqualified pension plan? You didn't check the answer that says Yes, I took this money out of my nonqualified or Section 457 p...
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It could be that on the screen that says Did you take money out of your nonqualified pension plan? You didn't check the answer that says Yes, I took this money out of my nonqualified or Section 457 plan. When you check that box, you will be asked to enter the state involved and the amount distributed. That amount will be subtracted from your wages in box one on your W-2 form and listed on line 8(t) of Schedule 1.
April 7, 2025
3:47 PM
I'm told I can deduct 50% of my self-employment tax, but Turbotax did not mention it, and searches aren't helping.
April 7, 2025
3:47 PM
1 Cheer
Yes, your remainder interest counts toward the ownership tests. Regulations under IRC section 12 clarify that the ownership requirement can include the period that you held a remainder interest.