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4 weeks ago
There is no general federal exclusion or special tax break for retired law enforcement. There may be a provision on your state taxes. What state do you live in? Generally, the state tax provisions...
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There is no general federal exclusion or special tax break for retired law enforcement. There may be a provision on your state taxes. What state do you live in? Generally, the state tax provisions will be addressed in the state interview, you need to look through all the listings of state adjustments. Or, sometimes this is part of the federal interview, when you enter your 1099-R, and if you have already entered your state of residence, you may be asked state-specific questions like "is this 1099-R from law enforcement?"
4 weeks ago
Without seeing the return and knowing all the details it is hard to tell why the excess contribution amount changed.
To clarify, did you have enough taxable compensations to make the Roth IRA c...
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Without seeing the return and knowing all the details it is hard to tell why the excess contribution amount changed.
To clarify, did you have enough taxable compensations to make the Roth IRA contribution? If you did have enough earned income from wages or self-employment then your IRA contributions may be limited.
To confirm you requested the withdrawal of excess Roth IRA contribution plus earnings and then made a new traditional IRA contribution for 2023? If yes, did you enter the traditional IRA contribution in the 2023 return? Or did you request a recharacterization?
If you requested the withdrawal of excess Roth IRA contribution plus earnings then the earnings are taxable in the year you made the contribution. If you received a 2024 Form 1099-R with code PJ then this must be entered on your 2023 return. Also, make sure you indicated in the IRA contribution interview that you withdrew the excess contribution by the due date:
Click on "Search" on the top right and type “IRA contributions”
Click on “Jump to IRA contributions"
Select “Roth IRA”
Enter the Roth IRA contribution
Continue until the penalty screen and enter the excess contribution amount withdrawn.
4 weeks ago
If you have an entry from Schedule K-1 Box 20 Code Z, check the box for Section B1 (QBI) instead. This will allow you to report the information reported for the other code.
4 weeks ago
An extension is only used to extend the time to file the tax return. It does not extend the time to pay the taxes owed. Taxes owed have to be paid on or before April 25, 2024 to avoid a failure to ...
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An extension is only used to extend the time to file the tax return. It does not extend the time to pay the taxes owed. Taxes owed have to be paid on or before April 25, 2024 to avoid a failure to pay penalty.
4 weeks ago
I can't find a place on Turbo Tax deluxe to enter my k-1 information. I can only see sch K
4 weeks ago
I added taxes paid for my car but they were paid on january 1 of this year. Now I want to go back and correct this by deleting the taxes I paid.
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4 weeks ago
I am using the Annualized Estimated Tax option to compute my estimated taxes for 2025. I've used the methods from publication 505 to compute my annualized Estimated Taxes on Worksheet 2-7. Once this ...
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I am using the Annualized Estimated Tax option to compute my estimated taxes for 2025. I've used the methods from publication 505 to compute my annualized Estimated Taxes on Worksheet 2-7. Once this is done, Form 2210 has to be completed for filing with my 2024 tax return. The problem is there is currently no 2025 version of Form 2210, only a 2024 version, which of course has all the dates wrong and a different computation sequence than Worksheet 2-7. How should I proceed?
4 weeks ago
To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Start the 2024 online tax return by ...
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To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Start the 2024 online tax return by entering some personal information then click on Tax Home on the left side of the screen.
On the Tax Home webpage -
Scroll down to the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF) or Click on View adjusted gross income (AGI)
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
4 weeks ago
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4 weeks ago
I'm trying to file electronically for 2024 and need my 2023 AGI. I don't have it.
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4 weeks ago
Go to this Social Security Administration website for information on tax withholding from benefits - https://www.ssa.gov/manage-benefits/request-withhold-taxes
4 weeks ago
If you have no other income, you are not required to file a tax return.
However, if your Schedule K-1 form 1065 has an amount greater than $400 in Box 14 - Self-employment earnings, you have fi...
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If you have no other income, you are not required to file a tax return.
However, if your Schedule K-1 form 1065 has an amount greater than $400 in Box 14 - Self-employment earnings, you have file a tax return and pay self-employment taxes.
[Edited 3/31/2025 | 1:33 PM]
@mgreen0386
4 weeks ago
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4 weeks ago
I received two 1095-A forms because I moved to a different state. How do I enter both?
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4 weeks ago
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=lfgviwbm
4 weeks ago
1 Cheer
The "Federal Tax Liability for 2210 purposes" on your carryover worksheet from 2023 is the figure you need to use. This amount represents your total tax liability for the prior year, which is used to...
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The "Federal Tax Liability for 2210 purposes" on your carryover worksheet from 2023 is the figure you need to use. This amount represents your total tax liability for the prior year, which is used to calculate whether you met the safe harbor rule for estimated tax payments.
4 weeks ago
1 Cheer
There is no doubt you will receive an acknowledgement if you take the return to a local IRS office. You can also mail it using certified mail which requires a signature upon delivery. It's really wha...
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There is no doubt you will receive an acknowledgement if you take the return to a local IRS office. You can also mail it using certified mail which requires a signature upon delivery. It's really what you prefer to do.
Topic 301: When, Where and How to File
Where to file paper tax returns with or without a payment
Contact Your Local IRS Office
4 weeks ago
The plan should send a corrected 1099-R showing no withdrawal. I would first contact the plan and ask them about this. If they agree, then you can file your tax return by leaving off the original 1...
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The plan should send a corrected 1099-R showing no withdrawal. I would first contact the plan and ask them about this. If they agree, then you can file your tax return by leaving off the original 1099-R. If they will not issue a corrected 1099-R, then I can tell you how to handle it if you were to file by mail, but I'm not sure what to do if you were e-filing (because I don't know if the usual instructions for fixing this sort of 1099 issue will work for a 1099-R).
For paper filing, you would leave off the 1099-R. Attach a copy and a written explanation to your return.
@dmertz do you have a suggestion how to e-file in this case?
But hopefully the plan custodian will issue the corrected 1099-R.
4 weeks ago