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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.
Topics:
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.
April 2, 2025
12:08 PM
I tried deleting 7206 as instructed, and it said it did it, but it didn't. It's still there. It's a dilemma, do I just give up that extra $69 that I should be able to take from ACA and go with what...
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I tried deleting 7206 as instructed, and it said it did it, but it didn't. It's still there. It's a dilemma, do I just give up that extra $69 that I should be able to take from ACA and go with what 7206 is incorrectly calculating in order to force 7206 and Schedule 1 to agree. Or do I leave it and let them conflict and hope the IRS doesn't wonder why. Or do I include the $69 on form 7206 and then reduce my medical expenses by the $69 so all the numbers on all forms are correct? We're talking about a tiny amount of change in tax obligation. It's the principal of the matter! The forms, if they are present, sure should be correct! How can 7206 line 14 be different than Schedule 1 line 17? Doesn't make sense.
April 2, 2025
12:08 PM
Is there an amount in line 5b? Is it right?
April 2, 2025
12:08 PM
Topics:
April 2, 2025
12:07 PM
Follow these steps:
You will enter it in the investment income section.
You will choose to skip import or "type it in myself".
Select stock.
Enter bank/brokerage - put whatever will re...
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Follow these steps:
You will enter it in the investment income section.
You will choose to skip import or "type it in myself".
Select stock.
Enter bank/brokerage - put whatever will remind you of what this is
continue along answering questions
Enter the purchase price and date along with the sales price and date.
April 2, 2025
12:06 PM
A 1099-INT does not require a CUSP
You can add a 1099 in TurboTax Online by following these steps.
Under Federal
Select Wages & Income
Scroll to Investments and Savings (1099-B, 1...
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A 1099-INT does not require a CUSP
You can add a 1099 in TurboTax Online by following these steps.
Under Federal
Select Wages & Income
Scroll to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
Click Add/Edit
You will see previously entered 1099s
Click [+ Add investments]
There will be options to Download
Select Enter a different way
Click on the type of 1099 you have and click Continue
On the next screen select Type it Myself
You can now enter your information.
April 2, 2025
12:06 PM
Yes, our advisor suggested we can use the excess deferral to create a Roth IRA account for my spouse. This was made in 2025. Is there anything I need to do this year or can I wait for 1099-R that wil...
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Yes, our advisor suggested we can use the excess deferral to create a Roth IRA account for my spouse. This was made in 2025. Is there anything I need to do this year or can I wait for 1099-R that will be generated next year?
April 2, 2025
12:06 PM
It should also be noted the digital wallet can receive transfers and deposits, as well as has a debit card associated with it. Not sure if that changes things.
April 2, 2025
12:06 PM
1 Cheer
That is correct. You can enter it as interest income whether on a 1099-int or not. You will need to enter the payer's name and total interest collected. You may get a message to enter a TIN for ...
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That is correct. You can enter it as interest income whether on a 1099-int or not. You will need to enter the payer's name and total interest collected. You may get a message to enter a TIN for the person, but it is generally not required and that message will not prevent e-file. There is an entry line for interest from Seller-Financed Loans also, which asks for the same information. See below.
April 2, 2025
12:05 PM
When I go the do the offset entry under Less Common Income, Misc Income 1099-a, 1099-c, Other reportable Income, it goes to other taxable income where I need to enter a description and amount. My qu...
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When I go the do the offset entry under Less Common Income, Misc Income 1099-a, 1099-c, Other reportable Income, it goes to other taxable income where I need to enter a description and amount. My question is, it states on the page Do Not Enter Income reported on Form 1099-MISC. Since I am entering a negative amount to offset the previous 1099-misc, is this okay? Thanks
April 2, 2025
12:05 PM
Did you get acceptance emails? This looks like a display issue, and I will pass this on.
April 2, 2025
12:05 PM
The 97.6% of income from that employer that is attributed to ME comes from 200 of the 205 working days for that employer. Only 5 working days in NH according to your inputs. The other days are non-w...
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The 97.6% of income from that employer that is attributed to ME comes from 200 of the 205 working days for that employer. Only 5 working days in NH according to your inputs. The other days are non-working days. 200/205 = .9756