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YES I NEED THE 2023 TAX RETURN TO GET THE AGI TO PROCESS THE 2024 RETURN, THAT'S THE PROBLEM I THOUGHT I SAVED THE RETURN FRO 2023, HOWEVER, I CANNOT LOCATE THE RETURN. DOES TURBOTAX STORE TAX  RETURN DATA FOR PRIOR YEARS? 

Where you should enter your 1099-misc depends on why you got it.    Basically, if it is self-employment income, it gets entered on Schedule C.   And if it is not self-employment, it is ordinary income.    Does a 1099-NEC or 1099-MISC mean I'm self-employed?    How do I report income from self-employment?  income will be reported on Schedule C.   <-------------------------------------------------------------------------------------------------------------------->   Here's how to enter a 1099-MISC that you may have received for another reason. (not self-employment).   You will be asked 3 follow-up questions.     Under Other Common Income, select Start or Revisit next to Form 1099-MISC.   Enter your 1099-MISC info on the Let's get the info from your 1099-MISC screen and click Continue.     On the Describe the reason for this 1099-MISC screen, enter a description of the income.   Click Continue. Select None of these apply on the Does one of these uncommon situations apply? screen. Select No, it didn’t involve work like my main job on the Did the involve work that's like your main job? screen. Select I got it only in 2024 on the How often did you get income for? screen. Select No, it didn’t involve intent to earn money on the Did the work involve an intent to earn money? screen. Select No on the Do you have another 1099-MISC? screen.   Answering differently to any of those three questions will imply self-employment and generate Schedule C. 

You wouldn't owe taxes to Maryland if you did all the work in Texas. Per this excerpt from the instructions to Maryland Form 505, your income would only be taxed in Maryland if it was from a business, trade, profession or occupation carried on in Maryland. Even though your employer is located in Maryland, unless you physically worked there or were an owner in your employer's business, you would not be considered to being carrying on business activities in that state. So, you just need to file as a part-year resident in Maryland for the months you worked or lived there.  

I bought a deluxe turbo tax. However I would like to file my personal taxes as well as separate taxes for the an established Family Trust with a different tax identification number. My understanding is that I need the Business Turbo Tax to get access to tax form 1041. 1) Can I upgrade online my current deluxe turbo tax to install the Business Turbo Tax instead or should I go to the store to exchange it?  2) Can I use the Business Turbo Tax to complete 2 separate tax filings with 2 different tax id numbers?  3) Is it possible to talk to a live person?  It is very frustrating to get in touch with a live person. Why, do TurboTax make it so difficult? I have been a customer for about 15 years. Does this mean anything to TurboTax? Thank you!              

If you are receiving an EIN issue, it could be caused by a couple of things. Here are some things to know: An EIN and TIN are the same thing. The number belongs to the issuer of the form. An EIN/ TIN and SSN are the same number of digits  Your SSN is there as the recipient. If you have no tax withheld, the box should be blank, not zero.   @KCliff What is your error message? Can you verify the items above are correctly entered?

 Since you are a  dependent, you don't need to enter the 1095-A on your tax return. Your won't have any health insurance questions to answer on return.  TurboTax will tell you "Since someone is claiming you on their 2024 taxes, you don't have to complete Health Insurance".

I think The 5 digit pin is a number you can make up each year.  It doesn’t have to be the same number each year.  Just write down the number in your tax file in case anyone needs it. Write it in a post it and stick it on your tax return copy.   My pin transferred over from last year so I just used the same number.   I have no idea what it’s used for.  

I short, it sounds like what you are saying is that Turbo tax does not work for this scenario, correct? If my plan was to take 100% of the allocation and not give any to my daughter and in turbo tax, just ignore the allocation stuff and link it to my business, will the tax computations be correct as iff I had allocated 0% and turbo tax worked? So that in the end, the IRS can complain about not allocating, but my response is that it doesnt change my taxable liablitiy - is that all correct?

There are cases when the issuer of the IRS form 1099-B does not have the information or is not required to report the information that they have.     You may enter an IRS form 1099-B into TurboTax Premium Online on a One by one basis by following these steps.   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click the down arrow to the right of Investments and Savings. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B). Click Add investments. On the Let's import your tax info screen, select Enter a different way. On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue. At the screen Which bank or brokerage, enter the information.  Click Continue. Do these sales include any employee stock, enter No. Do you have more than three sales, enter No. Do these sales include any other types of investments, enter No. Did you buy every investment listed, enter Yes.  Continue. On the screen Now, choose how to enter your sales, select One by One.  Select Continue. At the screen Look for your sales on your 1099-B, select Continue. Enter the information.  Continue.

It is telling you to leave the whole state taxes section blank, boxes 15, 16, and 17, if they are empty on your form. If box 17 on your 1099-INT is zero or blank, leave boxes 15, 16, and 17 blank in TurboTax. Do not enter anything. Do not enter zero in box 17. Leave it empty. If you have state tax withheld in box 17, then you must select the state in box 15. Box 15 should not be blank on the form if there is an amount (other than zero) in box 17.