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April 7, 2025
2:36 PM
I am trying to put the IP PIN # near name, won't allow. Help
April 7, 2025
2:36 PM
We've contributed to Roth IRAs for a long time, but this year TT is telling me I've made excess contributions because we didn't have enough Earned Income. I am retired, have a pension, but didn't do ...
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We've contributed to Roth IRAs for a long time, but this year TT is telling me I've made excess contributions because we didn't have enough Earned Income. I am retired, have a pension, but didn't do any freelance work in past year, so the only W2- or 1099NEC-reported income (Earned Income, I suppose) is her part-time employment. That was less than $16K for the year. Is that the crux of this? And, if so, should I just pay the IRS penalty or pull the "excess" back out of my IRA? I know I should've run into this three months ago so I'd have plenty of time to rectify, but I have very little confidence that Victory Cap. isn't going to screw this up if/when I do call them to fix/reverse the excess contributions to my IRA.
April 7, 2025
2:35 PM
I do seasonal work in Wyoming and have an address there. My tax returns continue to go to my parents' address. Receiving mail in Wyoming is difficult so I prefer not to change my address. I do not d...
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I do seasonal work in Wyoming and have an address there. My tax returns continue to go to my parents' address. Receiving mail in Wyoming is difficult so I prefer not to change my address. I do not drive in Wyoming so do not need my license.
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April 7, 2025
2:35 PM
The instructions for the 1098-C state
If you e-file your return, you must (a) attach Copy B of Form 1098-C to Form 8453 and mail the forms to the IRS, or (b) include Form 1098-C as a PDF attachm...
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The instructions for the 1098-C state
If you e-file your return, you must (a) attach Copy B of Form 1098-C to Form 8453 and mail the forms to the IRS, or (b) include Form 1098-C as a PDF attachment if your software program permits.
Where do you see the IRS accepts this form by e-file? Were you referring to the PDF copy that some software might add to the e-file?
April 7, 2025
2:34 PM
April 7, 2025
2:34 PM
Do I get taxes break for selling my home?
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April 7, 2025
2:33 PM
April 7, 2025
2:33 PM
Thank you for your kind reply. Yes I did erase the "new business" I used only to test the issue. Unfortunately, when I proceed, I am being shown this message as if I AM NOT A SELF-EMPLOYED PHOTOGRA...
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Thank you for your kind reply. Yes I did erase the "new business" I used only to test the issue. Unfortunately, when I proceed, I am being shown this message as if I AM NOT A SELF-EMPLOYED PHOTOGRAPHER ANY LONGER - that would put me in "red flag" with IRS because that is NOT the case: At this point I might just need to redo the entire tax in Turbotax desktop in order to reset with 2024. The program online does not let me proceed as a Self-employed photographer. It is NOT keeping track of the income as it shows as ZERO and even the counter that shows "tax due" on the top left, remains ZERO, while when I created that "fake new business" and I inserted a small amount, it was already counting "tax due". 2024 as a Freelance photographer shows as ZERO while the "fake business" I inserted to test the program was showing an amount when in this window:
April 7, 2025
2:32 PM
Can you clarify whether the older daughter is not a student and the younger is? There are different rules for permissible wages based on if the person was a full time student for at least 5 months o...
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Can you clarify whether the older daughter is not a student and the younger is? There are different rules for permissible wages based on if the person was a full time student for at least 5 months of the year or not. If the person was a full-time student, they can make any amount and be a dependent, as long as they do not provide half or more of their own support.
April 7, 2025
2:32 PM
It does not give the option of vehicle in the farm asset section(2023 version). You can enter it as machinery but if you look at the form view, there is a checkbox that asks " is this a truck or van?...
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It does not give the option of vehicle in the farm asset section(2023 version). You can enter it as machinery but if you look at the form view, there is a checkbox that asks " is this a truck or van?" Which needs to be addressed. If you check yes on the form view, then your write off amounts get flagged in red and the form is flagged as incomplete. It is my understanding that a farm vehicle over 6,000lbs has a yearly write off amount limit that doesn't apply to farm machinery. Is there a work around for this?
April 7, 2025
2:30 PM
TurboTax calculates this accurately, however there are a couple of scenarios that could cause this experience,
Different employers with the same third party payroll service - there is a separat...
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TurboTax calculates this accurately, however there are a couple of scenarios that could cause this experience,
Different employers with the same third party payroll service - there is a separate action for this situation if the EIN is the same for two employers.
You may need to file Form 843 Claim for Refund and Request for Abatement to receive your refund of excess social security tax withheld after your return has been accepted through e-file.
W-2 entries do not have the correct spouse selected. - double check the owner of each W-2 to make sure your spouse is selected for the correct two employers.
@nikkikarlsruher
April 7, 2025
2:30 PM
Thank you for the update.
When documents are uploaded, it's hard to say where the error in transmitting happens, on the sender's side or receiver.
We will keep an eye to see if this occurs a...
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Thank you for the update.
When documents are uploaded, it's hard to say where the error in transmitting happens, on the sender's side or receiver.
We will keep an eye to see if this occurs again and if so, if the documents are sourced by Fidelity.
April 7, 2025
2:30 PM
Well, TT makes it possible to download the manual updates. So in THEORY as long as you download and save BOTH the application/download file and the manual updates file, then you SHOULD be able to in...
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Well, TT makes it possible to download the manual updates. So in THEORY as long as you download and save BOTH the application/download file and the manual updates file, then you SHOULD be able to install again at any point in the future. HOWEVER, this would not work if online activation is required as part of the installation process and TT refuses to activate any longer after 3 years has passed. This process is what I'm trying to understand. ARE WE NOW SIMPLY LEASING THE PRODUCT FOR 3 YEARS, AFTER WHICH IT BECOMES UNUSABLE EXCEPT ON THE MACHINE ORIGINALLY INSTALLED?? This subject probably warrants a separate post...
April 7, 2025
2:29 PM
I WANT TO TALK TO A PERSON
We are getting denied for our oldest daughter who’s 20 you, she lives with us and we are provided more than half her support but she made over $5050 dollars last year, this question about income was ...
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We are getting denied for our oldest daughter who’s 20 you, she lives with us and we are provided more than half her support but she made over $5050 dollars last year, this question about income was not asked of our second daughter who’s 19yo?
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April 7, 2025
2:29 PM
my total deductions are more than the standard 32,300...but Premier doesn't calculate the same number. Likewise, all of my withholding tax amounts are not included in the 2024 summary of deductions ...
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my total deductions are more than the standard 32,300...but Premier doesn't calculate the same number. Likewise, all of my withholding tax amounts are not included in the 2024 summary of deductions and credits?
April 7, 2025
2:29 PM
Imported Broker 1099B for sale of inherited stock, deceased died on a Saturday in 2011 (long term covered). Broker 1099B shows date acquired as the day before, Friday, with cost basis as average of ...
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Imported Broker 1099B for sale of inherited stock, deceased died on a Saturday in 2011 (long term covered). Broker 1099B shows date acquired as the day before, Friday, with cost basis as average of high and low prices on that Friday. The TurboTax entry screen for that imported 1099B, does not have the question "how did you acquire this asset" and there is no drop down to choose "inherited". The cost basis is incorrect, should be the average of four (4) prices, high and low on Friday before death, high and low on Monday after death. I can change the cost basis with an adjustment, but should I do about the date acquired being wrong? I think it should be labelled as "inherited" but the entry screen does not have that option at all. Complicating this is the fact that the Broker 1099B has a date shown, not "inherited", if I put inherited I will not be following the rule to match the 1099B EXACTLY. Please advise.
April 7, 2025
2:29 PM
I've stayed with turbotax for about 15 years due to convenience of importing previous years taxes, even though the software was more poorly designed each year. Now I'm expected to upgrade buy a new ...
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I've stayed with turbotax for about 15 years due to convenience of importing previous years taxes, even though the software was more poorly designed each year. Now I'm expected to upgrade buy a new iMac because turbotax is too lazy to support on older OS versions?!!! Nice try turbotax! I am not uploading all my personal and very sensitive information up to your servers! I'm returning it.
April 7, 2025
2:28 PM
Yes, the correct amount is zero because California follows the federal in not allowing the loss.