turbotax icon
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

Whether you have to file a tax return for the city in which a casino that you won at depends on your facts and circumstances. Such as; What state you live in; what city you won in, what state that is... See more...
Whether you have to file a tax return for the city in which a casino that you won at depends on your facts and circumstances. Such as; What state you live in; what city you won in, what state that is in, and how much you won. We can answer generally but would need to know more details to give a more specific answer. You can come back and provide more specific information if you like.   States have different rules for taxing gambling winnings.  If the city that you won money in is in a different state, you will likely have to file a non-resident tax return for that state the casino is located​ in, if that state has an income tax. The state where you won the money taxes money earned within its state (if it has a state income tax). You may get a credit on your home state tax return to avoid double taxation, depending on your state's rules.  See How do I file a nonresident state tax return?   If you win in a city that imposes a local income tax on residents or nonresidents (like Philadelphia or Detroit), you may need to file a municipal tax return to report that income, even if you don't live there.  It would depend on the city's rules for taxation.  You can contact the city's Department of Finance to find this out.    All gambling winnings are considered taxable income for federal purposes, regardless of the amount you won or whether you received a Form W-2G or other tax document from the casino you won at.   You will report your gambling winnings in TurboTax in the Income section under Less Common Income and then Prizes, Awards and Gambling winnings. This will flow to your state tax return.   If you received a Form W2-G for your winnings, you can use this as a guide for entering it.  How do I enter a W-2G?   If you need to file a Nonresident State tax return, you should prepare it first before preparing your own resident state tax return.  This way, TurboTax can properly calculate the tax credit your home state may have for taxes paid in other states. This prevents any double taxation.    For additional information, please see:   Everything You Need to Know About Filing Taxes on Winnings How to Pay Taxes on Gambling Winnings and Losses Can I deduct my gambling losses?   Multiple States—Where to File Please return to Community if you have any additional information or questions and we would be happy to help.
To report nominee interest or dividends in TurboTax:   In TurboTax, navigate to Wages & Income >> Investment Income and enter the 1099-INT or 1099-DIV exactly as reported. After you enter t... See more...
To report nominee interest or dividends in TurboTax:   In TurboTax, navigate to Wages & Income >> Investment Income and enter the 1099-INT or 1099-DIV exactly as reported. After you enter the details, you will see a screen:  "Tell us if any of these uncommon situations apply to you". Select the option that says "I received all or part of this interest/dividend for someone else (I am a nominee)". Enter the portion of the income that belongs to the other person (the nominee amount) on the following screen. TurboTax will use this information to report the full amount and subtract the nominee amount on Schedule B Important Nominee Requirements   Form 1099 - You must file a Form 1099-INT or 1099-DIV with the IRS, along with Form 1096, to report the income you passed through to the actual owner. You must provide a copy of the Form 1099 to the person who the income belonged to.  
This business sale does not include any buildings, and nothing has been depreciated as far as build-out of the rental or inventory.  Section 1245 and 1250 wouldn't apply, would they?   Why is Turbo... See more...
This business sale does not include any buildings, and nothing has been depreciated as far as build-out of the rental or inventory.  Section 1245 and 1250 wouldn't apply, would they?   Why is TurboTax  inputting the entire sale instead of the installment? (see my previous comments)
Thank you, @DavidD66. It would be difficult going through 9 years of Walgreens stock to find the lowest price. I will give it a try. If not, there is always $0.00 for cost basis.   Actually, since ... See more...
Thank you, @DavidD66. It would be difficult going through 9 years of Walgreens stock to find the lowest price. I will give it a try. If not, there is always $0.00 for cost basis.   Actually, since my sister did not purchase the stock and it was given to her, shouldn't the cost basis be $0.00?   Thanks again, Tulane
There is no option to enter my paid estimated taxes under "Deductions and Credits"
You can get a copy of your Social Security 1099 (SSA-1099) form instantly by logging into your personal my Social Security account on the Social Security Administration website. The form is available... See more...
You can get a copy of your Social Security 1099 (SSA-1099) form instantly by logging into your personal my Social Security account on the Social Security Administration website. The form is available online starting February 1st each year, allowing you to view, print, or download it.  See Get tax form (1099/1042S).
See https://www.ssa.gov/faqs/en/questions/KA-01723.html
I would like to know how to get out of intuit and back into turbo tax?
You should file an amended return and enter the new 1095-A information to make sure your refund was correct.  You may be able to get more refund.  If you owe money, you will want to repay it before t... See more...
You should file an amended return and enter the new 1095-A information to make sure your refund was correct.  You may be able to get more refund.  If you owe money, you will want to repay it before the IRS finds the error- you may have to pay penalty and interest in addition to any tax.  You also may find that there is no change, but it is best to be sure.  See How to File an Amended Tax Return with the IRS - TurboTax
Hi -    My wife and I are currently DC residents (we have been for the past 5 years) and per TT's recommendation, we are MFS. I believe we have filed MFS the past few years as well, per TT's recomm... See more...
Hi -    My wife and I are currently DC residents (we have been for the past 5 years) and per TT's recommendation, we are MFS. I believe we have filed MFS the past few years as well, per TT's recommendation. I'm currently on the screen where I've been asked to allocate the DC deductions to either myself or my wife. However, I'm not sure what I should do here.    TT has prepopulated the fields - is it OK to keep it as is? I'm not really sure where these figures come from
There is no senior discount on the price of TurboTax. Are you looking for the deduction for seniors on your federal tax return?   You don't have to enter anything to get the deduction for seniors... See more...
There is no senior discount on the price of TurboTax. Are you looking for the deduction for seniors on your federal tax return?   You don't have to enter anything to get the deduction for seniors. TurboTax will give it to you automatically based on the birth date that you entered in your personal information, and your income. The deduction for seniors is calculated in Part V of Schedule 1-A. The amount of the deduction will be on Schedule 1-A line 37. The total deductions from Schedule 1-A will be on Form 1040 line 13b, which might include other deductions besides the deduction for seniors.  
We don't have our SSA-1099 to include SS check income. Where do we get it?
Yes, TurboTax generally sends all required supporting documentation—including your Federal Form 1040, Schedule D, and other schedules—electronically when you file your Montana part-year resident retu... See more...
Yes, TurboTax generally sends all required supporting documentation—including your Federal Form 1040, Schedule D, and other schedules—electronically when you file your Montana part-year resident return. TurboTax's state filing system integrates with your federal return data to meet Montana's requirements for Part-Year Residents (Form 2).   Happy St. Patrick's Day to you!
If you simply rented farm land but did not participate in the farm activity then you can report the rental income on Schedule E and it won't be subject to self-employment tax. You can do that in the ... See more...
If you simply rented farm land but did not participate in the farm activity then you can report the rental income on Schedule E and it won't be subject to self-employment tax. You can do that in the business section by choosing Rental Property and Royalties as the type of business.    You can delete your Schedule F and that will remove your farm entries as follows:   1. Choose the Tax Tools option on your left menu bar while working on your return 2. Choose Tools 3. Choose the Delete a form option under Other Helpful links  4. Find the schedule F in the list and delete it  
what does this deduction apply to?
Answering No is correct.  Buying or selling the stock of a digital asset company is not the same as buying or selling a digital asset.
I have an entry for 414h on my w-2 how do I enter it in my return?