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April 2, 2025
12:14 PM
But TurboTax is saying that the taxpayer in this situation gets a casualty loss for California taxes but not for Federal taxes. So there must be a legal difference in this case unless TurboTax is wro...
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But TurboTax is saying that the taxpayer in this situation gets a casualty loss for California taxes but not for Federal taxes. So there must be a legal difference in this case unless TurboTax is wrong (which would surprise me). I am still interested in the question of basis: would the taxpayer have different cost basis for California taxes than for Federal, if they take the casualty loss on California taxes but not Federal?
April 2, 2025
12:14 PM
Where do I find form 1040-es in TurboTax 2024? I searched in the forms by typing in 1040-es as I was instructed and nothing pops up. It only shows my current federal 1040 and my current state. ...
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Where do I find form 1040-es in TurboTax 2024? I searched in the forms by typing in 1040-es as I was instructed and nothing pops up. It only shows my current federal 1040 and my current state. I bought this TurboTax online from Amazon and downloaded it from Intuit. I have updated it. I checked again to see if any updates were needed and I was supposedly up to date. Next year, I think I'll try another tax prep program even though my father, an accountant, recommened this program decades ago, a few years before he passed away. This should NOT be that difficult. Please tell me exactly how to get to this form (1040-es) in TurboTax 2024, so I can input that I won't be working all year this year, so my WH will NOT be the same. Thanks in advance, Mark
April 2, 2025
12:14 PM
I was charged twice by TurboTax for refund transmission, and I was also charged (also twice) for a state refund transmission that it did not do. I tried to request a refund in the app, but it does no...
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I was charged twice by TurboTax for refund transmission, and I was also charged (also twice) for a state refund transmission that it did not do. I tried to request a refund in the app, but it does not recognize either of the transaction numbers. I tried to address in the ai chat, which told me that an agent would call me, and I never received a phone call. How do I get my refund from TurboTax (not my federal or state refunds, but money that TurboTax charged me).
April 2, 2025
12:14 PM
The instructions in TurboTax include, "Who is eligible to invest in an IRA? You can set up an IRA if you are an employed person who has not yet reached the age of 72, with taxable compensation durin...
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The instructions in TurboTax include, "Who is eligible to invest in an IRA? You can set up an IRA if you are an employed person who has not yet reached the age of 72, with taxable compensation during the year you open your account...." I do not see the age limit in IRS publications nor on several brokerage firm websites. Is this help instruction outdated?
April 2, 2025
12:13 PM
April 2, 2025
12:13 PM
Great! Thank you! I was not a seller financing the property purchase in this case, so seller financing probably won't apply to me.
April 2, 2025
12:12 PM
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
April 2, 2025
12:12 PM
You are adding the $8,000 to your 12/31/2024 balance so it will be included as a contribution for 2024. The IRA contribution deadline for a given year isn't Dec. 31. Contributions for the current yea...
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You are adding the $8,000 to your 12/31/2024 balance so it will be included as a contribution for 2024. The IRA contribution deadline for a given year isn't Dec. 31. Contributions for the current year can be made as late as Tax Day of the following year (April 15, 2025).
April 2, 2025
12:12 PM
I'm not getting credit with my disability or my employee Contributions
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April 2, 2025
12:11 PM
Thank you for sharing! I really appreciate your thoughts.
April 2, 2025
12:11 PM
I can't command click either. This is my screen:
April 2, 2025
12:11 PM
It depends. If you have an amount in Box 11, Form 1099-OID for Tax-exempt OID then you can use the following steps to exclude the earnings percentage of Alabama holdings.
Open your TurboTax retu...
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It depends. If you have an amount in Box 11, Form 1099-OID for Tax-exempt OID then you can use the following steps to exclude the earnings percentage of Alabama holdings.
Open your TurboTax return
TurboTax Online: Search (upper right) > type 1099oid > Click the 'See more' in the FAQ below and click 'Go to 1099-OID
TurboTax Desktop: Search (upper right) > type 1099oid > Click the Jump to ... Link
Select Form 1099-OID for original issue discount income > Continue > Edit or Add another payer > fill out your form > Continue
Select I earned tax exempt OID in more than one state > Select Alabama under State Name then enter the Alabama percentage amount
Scroll to the bottom to select Multiple States in the second line > Enter the balance of the tax exempt OID > Continue
Once you complete this section the tax free amount for Alabama will be eliminated from taxable income in your state return.
April 2, 2025
12:10 PM
Is there a tax benefit for reporting non-taxable income such as VA Disability payments or military dependent payments related to education? If so, where should it be reported? Is it true that reporti...
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Is there a tax benefit for reporting non-taxable income such as VA Disability payments or military dependent payments related to education? If so, where should it be reported? Is it true that reporting all income gives you a higher tax deduction because it increases your local sales tax paid?
April 2, 2025
12:10 PM
Hi, while going through TurboTax, it indicated that I have to pay an underpayment penalty. I'm figuring this likely has to do with me selling some stock in late 2024 and paying less than what was req...
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Hi, while going through TurboTax, it indicated that I have to pay an underpayment penalty. I'm figuring this likely has to do with me selling some stock in late 2024 and paying less than what was required for capital gains tax. In the form, it's leading me to enter the amount from a 2023 Form 2210 line 4 for 2023 tax liability. I've never received or filled out a 2023 Form 2210 before so I'm not certain to do in this case. I see in the help topic, it states "If you do not have a 2023 Form 2210 or Form 2210-F then you will need to see the instructions for Form 2210 line 8. Remember you can always let the IRS calculate the penalty for you so you don't have to do this." Does this mean for the field "2023 Tax Liability for 2210 Purposes", should I leave the field blank? And if I do have to fill it out, can you please provide clear instructions on how to figure this out from Form 2210, line 8? On that line, it just says "see instructions" but the instructions on Form 2210 are difficult to follow. Thanks!
April 2, 2025
12:09 PM
You are both part-year residents of MA and NC even though your moves to NC took place at different times.
Your income is only reported to MA. Assuming that your husband did not receive unemplo...
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You are both part-year residents of MA and NC even though your moves to NC took place at different times.
Your income is only reported to MA. Assuming that your husband did not receive unemployment income from MA, your husband's income is only reported to NC.
There does not appear to be a need to report a credit for taxes paid to another state.
Not knowing all of the aspects of your tax returns, you may want to prepare a joint tax return as well as individual married filing separate tax returns to see which is preferable.
Each TurboTax account will only support one TurboTax Online tax return. You would have to create multiple accounts to create two married filing separate tax returns and a married filing joint tax return.
However, TurboTax Desktop allows you to create multiple tax returns and electronically file up to five tax returns.
April 2, 2025
12:09 PM
I am trying to amend my 2024 tax return in which has been accepted and completed by the IRS. I do not have a 1099-R form but, I need to record income for a Excess Pre-Tax Deferral amount. I am not ...
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I am trying to amend my 2024 tax return in which has been accepted and completed by the IRS. I do not have a 1099-R form but, I need to record income for a Excess Pre-Tax Deferral amount. I am not sure where to enter the amount. I have been told "Other Income", Line 1 h. I don't know where that is at for amending my completed return.
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April 2, 2025
12:09 PM
Use Print Center for all of the pages of your tax return to include worksheets.
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used ...
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Use Print Center for all of the pages of your tax return to include worksheets.
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.
This will take you back to the 2024 online tax return.
Click on Tax Tools on the left side of the online program screen. Then click on Print Center. Then click on Print, save or preview this year's return. Choose the option Include government and TurboTax worksheets
April 2, 2025
12:08 PM
You can enter the amount you gave back to the client for closing costs as Other Expenses. You will be able to enter the description and the amount.
This will be found under Common Business Ex...
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You can enter the amount you gave back to the client for closing costs as Other Expenses. You will be able to enter the description and the amount.
This will be found under Common Business Expenses>>Miscellaneous Business Expenses.
April 2, 2025
12:08 PM
La parte de la declaración en donde se marca la residencia estatal, es al principio de la declaración antes de empezar tus impuestos federales. Para llegar a esa sección:
Abre tu declaracio...
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La parte de la declaración en donde se marca la residencia estatal, es al principio de la declaración antes de empezar tus impuestos federales. Para llegar a esa sección:
Abre tu declaracion
Ve la Página de Inicio
Después a tu Información personal
Edita tu información
También cuando comienzas a preparar tu declaración estatal, hay una pregunta para que indiques si eres residente o no de ese estado.
@Urieel_21
April 2, 2025
12:08 PM
Assuming you are referring to a Control Number on a Form W-2:
A Control Number (box D) is used by many payroll departments to uniquely identify a W-2 in their system. If your W-2 doesn't have o...
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Assuming you are referring to a Control Number on a Form W-2:
A Control Number (box D) is used by many payroll departments to uniquely identify a W-2 in their system. If your W-2 doesn't have one, it's no big deal.
If you get errors when attempting to e-file with an empty box D, just enter any number in this format: 5 digits, space, 5 digits (for example, 12345 67890). The IRS doesn't care what's in box D.
If you get errors when attempting to import your W-2 with an empty box D, select Type it in myself and manually enter your W-2.
See this help article.