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April 7, 2025
1:42 PM
If you still experience the issue, please call Customer Service and tell them you have a "block payment issues, possibly due to billing or an invalid license" and the agent should be able to help you...
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If you still experience the issue, please call Customer Service and tell them you have a "block payment issues, possibly due to billing or an invalid license" and the agent should be able to help you. Here is how you reach customer service: Turbo Tax Customer Service
April 7, 2025
1:42 PM
I sold land in India. The Long Term Capital Gain of Land sold in India is around $400,000. Paid tax for land sold at 24% in India. I also sold Indian stocks and the Long Term Capital gain is approxim...
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I sold land in India. The Long Term Capital Gain of Land sold in India is around $400,000. Paid tax for land sold at 24% in India. I also sold Indian stocks and the Long Term Capital gain is approximately $30,000. The tax paid in India for long term capital gain of stock sold at 10.4%. I have qualified dividend from Canada for $350. I do not have any foreign or US losses. Turbotax shows the above passive foreign income on Line 1a of Form 1116 without any adjustment. My tax situation does not allow exception for capital gain amount adjustment. Form1116 and Publication 514 instructions, they both say adjustment to be made before entering on Line 1a. Is there something I am doing wrong that makes tax return shows without any adjustment? Please answer
April 7, 2025
1:41 PM
Hi Dave, Thank you so much. The approval of the benefits in late December but not actually receiving the 2023 benefit payment until January 2024 combined with dealing with information from the pr...
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Hi Dave, Thank you so much. The approval of the benefits in late December but not actually receiving the 2023 benefit payment until January 2024 combined with dealing with information from the previous joint return and now working on a filing single was really confusing. Thank you again.
April 7, 2025
1:41 PM
How do I amend my Grand Rapids City tax status
Topics:
April 7, 2025
1:41 PM
Topics:
April 7, 2025
1:41 PM
Select Tax Tools
You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
You will then clearly see Tax Tools
Click the arrow to up to see a...
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Select Tax Tools
You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
You will then clearly see Tax Tools
Click the arrow to up to see additional options
Once you can work on Tax Tools
On the drop-down select Tools
There will be 3 or 4 green boxes
Select Topics Search
Type 2210
follow the interview
Continue through the interview.
April 7, 2025
1:39 PM
How do I edit the 2210
April 7, 2025
1:39 PM
Your transaction is reported to the IRS. It is the "cost or other basis" amount that is not reported to the IRS. Without basis, it is considered 100% gain. Not very courteous. @shinyknight
April 7, 2025
1:39 PM
Use this TurboTax cite to File your 2023 taxes
April 7, 2025
1:39 PM
@0ee18c6dbd8f, BTW, where did you enter the rest of the information on the Montana K-1, such as Part 4?
April 7, 2025
1:39 PM
The IRS uses your prior year AGI to combat fraud.
You can find your 2023 Adjusted Gross Income (AGI) by:
Looking at line 11 on page 1 of your 2023 Form 1040
Requesting a transcript o...
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The IRS uses your prior year AGI to combat fraud.
You can find your 2023 Adjusted Gross Income (AGI) by:
Looking at line 11 on page 1 of your 2023 Form 1040
Requesting a transcript of your 2023 tax return from the IRS. You can request your transcript online at the following link: Get Transcript
Please click on this TurboTax article for more information.
Check these items as well to ensure you have the correct number. If you:
Filed late last year after mid-November or your return was processed after that time—try entering 0.
Amended your return last year—make sure you’re using the AGI from your original return, not the amended one. (If you only have a 1040X form, it’s on line 1, column A).
Rounded your AGI to the nearest dollar—be sure to round up when it’s 50 cents or more and down when it’s 49 cents or less.
Filed with your spouse last year—you and your spouse have the same 2023 AGI. (Don’t split the AGI amount or enter 0 for one of you).
Time-saving Tip: If what you entered is correct and you continue to get a reject, you won't be able to e-file. There's probably a data mismatch at the government, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return.
This article will give you instruction on how to print and mail your return.
April 7, 2025
1:39 PM
@baldietax It doesn't surprise me you had luck getting the older 2018/19 working, but what about 2022 and onward? If we can no longer 'activate' the product after 3 years does that mean we cannot...
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@baldietax It doesn't surprise me you had luck getting the older 2018/19 working, but what about 2022 and onward? If we can no longer 'activate' the product after 3 years does that mean we cannot install and use the software after 3 years unless it's still installed on the original machine? We really need a definitive answer on this, the implication is we may be paying for software that is essentially just a right to a 3 year lease, and thereafter becomes unusable unless it's still installed on the original machine. Or said another way, we need clarity on what exactly is required (the files and process) to be able to install and use the software after 3 years if needed. SE
April 7, 2025
1:39 PM
You can enter your form 1099-R by following the instructions in this TurboTax Help article.
April 7, 2025
1:39 PM
1 Cheer
Yeah, I did that for NC this year...just a total. But I also keep a spreadsheet for my records to show where the actual total $$ came from. I wonder if I should change my answer/display....or l...
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Yeah, I did that for NC this year...just a total. But I also keep a spreadsheet for my records to show where the actual total $$ came from. I wonder if I should change my answer/display....or let it be. For UT residents, some Brokers are totaling all the specific states and territories that UT exempts, and generates just one % amount to use.
April 7, 2025
1:38 PM
Go back through the Kansas state interview and edit your entries on the Tell Us Your School District screen. The list is broken up into 3 sections and you may have entries in multiple fields which...
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Go back through the Kansas state interview and edit your entries on the Tell Us Your School District screen. The list is broken up into 3 sections and you may have entries in multiple fields which will cause an error during review. Two of them should be set to No-Entry and only one of them should have your school district name and number. In the example below (School district = Fowler 225). Both A-E and N-Z should not have an entry, only F-M has an entry.
April 7, 2025
1:38 PM
You might need to uninstall and then reinstall the app.
April 7, 2025
1:38 PM
1 Cheer
As a further comment, make sure you maintain records of how it was disposed:
Letter from who you gave it to
Picture of inventory in a trash bin
If audited, the taxpayer will have the burden...
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As a further comment, make sure you maintain records of how it was disposed:
Letter from who you gave it to
Picture of inventory in a trash bin
If audited, the taxpayer will have the burden of proof so maintaining the above documents / records will be key.
April 7, 2025
1:38 PM
To clarify, for the 2022 excess you requested the withdrawal of excess contribution plus earnings and you reported the earnings on your 2022 return. You should have gotten a 2023 Form 1099-R with co...
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To clarify, for the 2022 excess you requested the withdrawal of excess contribution plus earnings and you reported the earnings on your 2022 return. You should have gotten a 2023 Form 1099-R with codes P and J.
And in 2023 you made a Roth IRA contribution that you recharacterized as Traditional IRA contribution in 2023 and then converted it to the Roth IRA in 2024?
You will enter the recharacterization when you enter the contribution to the Roth IRA for 2023 on your 2023 return:
Login to your TurboTax Account
Click on "Search" on the top right and type “IRA contributions”
Click on “Jump to IRA contributions"
Select “Roth IRA”
Answer ‘Yes” on the “Roth IRA Contribution” screen
Answer “No” to “Is This a Repayment of a Retirement Distribution
Enter the Roth contribution amount
Answer “Yes” to the recharacterized question on the “Switch from a Roth To a Traditional IRA?” screen and enter the contribution amount (no earnings or losses) on the next screen.
TurboTax will ask for an explanation statement where it should be stated that the original $xxx.xx plus $xxx.xx earnings (or loss) were recharacterized.
On the screen "Choose Not to Deduct IRA Contributions" answer "Yes" if you are thinking about doing a backdoor Roth. Otherwise select "No". (If you have a retirement plan at work and are over the income limit it will be nondeductible automatically and you only get a warning and then a screen saying $0 is deductible)
Please see What are IRA conversions and recharacterizations? for additional information.
April 7, 2025
1:38 PM
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April 7, 2025
1:37 PM
I know this is years later, but did you do the expense entry to cancel out the duplicate 1099 info? And has it been all good since you filed?