All Posts

First let's determine if the easement income is taxable.  Next, if you decide it is taxable, this might be a 'right of way' payment. If so then you should follow the steps below with details.  Grants or sales of limited easements are usually not treated as taxable sales of property. Instead, amounts received are subtracted from the cost basis/purchase price of the property. Any amounts received in excess of the cost basis are treated as taxable gain. IRS Publication 544 If you no longer own the portion of land where you were granted an easement payment: To enter your sale in TurboTax, follow these steps.  Open or continue your return. Navigate to the investment sales section: TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open TurboTax Desktop: Search for investment sales and then select the Jump to link. Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Answer Yes to the question Did you sell any of these investments in 2024?  If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments. Click this link for more information. Where do I enter Investment Sales?

You can post questions here in the user forum.  We can help with most things except for billing issues.  You can contact support.  Or you can pay $60 for a tax expert. To call TurboTax customer support https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh     LIVE ADVICE FOR USERS OF DESKTOP DOWNLOAD SOFTWARE   https://ttlc.intuit.com/turbotax-support/en-us/help-article/experts-advice/turbotax-desktop-live-tax-advice/L2nvxpA4W_US_en_US?uid=m4ga4r7u  

If I understand correctly you need a federal identity code. You can use the IRS website ID.me to request it. This IRS issued PIN is 6 digits long. Your signature ID (also called a self-select PIN) is a random 5-digit number you entered last year, right before you submitted your return.

I am retired and did some work for my former employer.  It was being on a Zoom call discussing future work by new engineers. I am a retired engineer with 40 years with my employer. Also, turbotax asked me to fill in a product code for what I did. I could not find out where to find that answer.  The outside firm I received my 1099 Misc form was the who my company hired to facilitate the meetings. Sorry for delay but I could not find the way to answer you back until today.  Thanks in advance. Like I mentioned before this outside firm had no TIN#, no EIN# and no account(24 digit) number.

Not sure why you think you need an extension for a W-4.    Do you mean W-2's?     https://turbotax.intuit.com/irs-tax-extensions/   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_US_en_US?uid=m9a3q808  

It is a strange question because of the way the HSA account is treated if it is inherited by a spouse.     But, if you inherited the HSA from anyone other than your spouse, then you would answer 'yes'.  If it was not inherited from anyone, then you would answer 'no'.  

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download 

Yes. if you are working in TurboTax online, go to:    Wages and Income Other Business Situations Sales of Business Property Remove the entry In Desktop.   Wages and income Business Items Sales of Business Property Remove the entry

We have not received information or situations like yours. You can send a copy of the W-2 to the IRS with a copy of your W-3, also an explanation of what your online IRS account is showing. If you choose you can try calling, but a letter always works better for resolution. Call IRS at 800-829-1040 Lastly, be sure to confirm you are not actually looking at a 2023 W-2 at the IRS site that was filed for that year (not doubting, including all steps).