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a month ago
I did NOT have a refund and none of your answers addressed why vouchers did. not print or printed incorrectly.
a month ago
Yes, it is the same on the Ohio Tax return.
The contribution you give to the Angel Scholarship Fund is handled differently by the Catholic Community Foundation, but the tax credit is treated, and r...
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Yes, it is the same on the Ohio Tax return.
The contribution you give to the Angel Scholarship Fund is handled differently by the Catholic Community Foundation, but the tax credit is treated, and reported, the same.
Angel Scholarship Fund link
a month ago
1 Cheer
You want the legal definition of nonresident adjusted gross income?
(a)Items included in New York adjusted gross income.
The New York adjusted gross income of a nonresident individual inc...
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You want the legal definition of nonresident adjusted gross income?
(a)Items included in New York adjusted gross income.
The New York adjusted gross income of a nonresident individual includes all items of income, gain, loss and deductions which enter into his Federal adjusted gross income; limited, however, to the portions of such items derived from or connected with New York State sources as determined under sections 132.2 through 132.11 of this Part. In addition to the items realized directly by him, it includes (1) his distributive share of partnership income, gain, loss and deduction (see Part 137 of this Article), and (2) his share of estate or trust income, gain, loss and deduction (see Part 139 of this Article). The items thus determined are subject to the same modifications as are applicable for a resident individual under Part 112 of this Title.
In practice, this means that anything that is derived or connected to NYS sources that end up on the federal return, becomes part of the NY Adjusted Gross Income.
In the New York interview in TurboTax, you are asked to allocate income items to New York sources. These entries will go in to the makeup of the NYSADJ.
Perhaps these paragraphs from the NYS Instructions will help
Your New York adjusted gross income is your federal adjusted gross income after certain New York additions and New York subtractions (modifications).
New York State taxes certain items of income not taxed by the federal government. You must add these New York additions to your federal adjusted gross income.
Similarly, New York State does not tax certain items of income taxed by the federal government. You must subtract these New York subtractions from your federal adjusted gross income. See below and Form IT-225, New York State Modifications, and its instructions.
As for bringing your NYS tax to Delaware, I would have thought that that was done automatically if you do NYS first, then DEL.
a month ago
Those are entered in the Medical Expenses section of TurboTax. Where do I enter my medical expenses?
To deduct medical, dental, or vision costs on your federal return, you have to itemize y...
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Those are entered in the Medical Expenses section of TurboTax. Where do I enter my medical expenses?
To deduct medical, dental, or vision costs on your federal return, you have to itemize your deductions instead of taking the Standard Deduction. For most people, the Standard Deduction produces the best outcome on your taxes. You can read our article to learn more about the differences. If you itemize, you can deduct medical expenses that exceed 7.5% of your adjusted gross income (AGI).
Here's how to enter your medical expenses in TurboTax:
Open or continue your return.
Navigate to the Schedule A section:
TurboTax Online/Mobile: Go to Schedule A.
TurboTax Desktop: Search for Schedule A and then select the Jump to link.
a month ago
I sold a parcel of land years ago for which I took back a note for part of the purchase price. The note holder has paid me a portion of the interest due. How do I report that interest income. Ther...
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I sold a parcel of land years ago for which I took back a note for part of the purchase price. The note holder has paid me a portion of the interest due. How do I report that interest income. There is no form 1099-INT.
a month ago
My tax return was adjusted for "unpaid taxes" when I have receipts showing I paid on their website, from their email, from my bank statements.
Topics:
a month ago
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a month ago
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a month ago
Go to Business tab-Continue Choose Jump to Full List -or I'll choose what I work on Then….. Business Income and Expenses - Click the Start or Update button Then click EDIT by the business...
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Go to Business tab-Continue Choose Jump to Full List -or I'll choose what I work on Then….. Business Income and Expenses - Click the Start or Update button Then click EDIT by the business name and the next screen should be a list of topics, Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last. Under Business Expenses, Click Start or Update by Other common business expenses Then click Update by Insurance Payments Then click Update by Health Insurance Premiums Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 29, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 schedule 1 line 29, and the remainder gets added in to medical expenses on Schedule A. If it is deducted from your Social Security then delete it from ss and enter it under self employment.
a month ago
Realized losses should be reported as shown on consolidated 1099-B from broker. If your options expired the broker will report that also.
a month ago
I also can't seem to find the Print Center.
a month ago
I dont feel I have the expertise to answer your question. However, I resolved my own issue in this regard to my satisfaction by "asking" ChatGPT. Obviously, I am not a tax professional, cannot gi...
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I dont feel I have the expertise to answer your question. However, I resolved my own issue in this regard to my satisfaction by "asking" ChatGPT. Obviously, I am not a tax professional, cannot give tax advice, and don't know if that would work for you and your situation.
a month ago
a month ago
Start AMEND in the tax return file you SUBMITTED you won't get that Error Message.
a month ago
I went to submit my Federal and State return and the federal was rejected. Turns out it was because when I did my daughters return, I did not select that someone can claim her as a dependent. I ...
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I went to submit my Federal and State return and the federal was rejected. Turns out it was because when I did my daughters return, I did not select that someone can claim her as a dependent. I have now done an amended return for my daughter and made sure to select that she can be claimed as a dependent. I was able to submit the Federal one electronically and then it appears I have to mail in the one for the state of Maine. My questions are: 1. How long should I wait to refile my Federal electronically? I assume I need to wait until her federal amended is processed, right? 2. Seeing as I have to mail in her state amended, it could take a bit longer and I am concerned it may take several weeks for that to be processed. What happens if it is not processed before the 15th tax deadline and it doesn't allow me to file mine? 3. Ironically on the State return there is noting on that form stating someone can claim her as a dependent, is that only on the federal form? If so, then do I still have to wait for the state amended to be processed or just the federal? Any help would be appreciated
a month ago
Unfortunately, unless your vehicle was used for business, the loss on the vehicle is a personal loss and is not deductible for tax purposes.
Previously, a deduction was available for personal ...
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Unfortunately, unless your vehicle was used for business, the loss on the vehicle is a personal loss and is not deductible for tax purposes.
Previously, a deduction was available for personal and casualty losses. However, personal casualty and theft losses sustained in a tax year beginning after 2017 are not deductible unless they are attributable to a federally declared disaster.
a month ago
my wife has a disability policy she has been collecting since 2020. she applied for ssdi as required buy the insurance company. she was approved in 2023 and received a large backpay check from ssdi. ...
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my wife has a disability policy she has been collecting since 2020. she applied for ssdi as required buy the insurance company. she was approved in 2023 and received a large backpay check from ssdi. her policy required us to repay that lump sum from ssdi back to insurance company. the insurance company and accountant said this large payment was not taxable as it was a repayment. now the the irs says we owe taxes on 70k in money we didnt get to keep. anyone have any irs info that states repayments like this are or are not taxable?
a month ago
1 Cheer
If your son used the scholarship money reported on the Form 1099-MISC for qualifying education expenses, it would not be taxable. He must enter the Form 1099-MISC to report the income then enter a ne...
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If your son used the scholarship money reported on the Form 1099-MISC for qualifying education expenses, it would not be taxable. He must enter the Form 1099-MISC to report the income then enter a negative amount to income to cancel it out. He should enter the Form 1099-MISC in the Wages and Income section, then Other Common Income, then Income from Form 1099-MISC. Indicate that the income was only earned in 2024, was not associated with his job and he did not have a profit motive to earn the money. That way it will be reported as other income as opposed to self-employment income.
Then make make an adjusting entry to cancel the income out as follows:
1. From the Federal menu in TurboTax find Wages and Income
2. Find Less Common Income
3. Choose Miscellaneous Income, 1099-A, 1099-C
4. Choose Other Reportable Income
5. Enter a description of the adjustment and the amount as a negative number
a month ago
The Identity Protection PIN (IP PIN) is a six-digit number issued by the IRS to help prevent the misuse of your Social Security number (SSN) on fraudulent federal income tax returns. You still need t...
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The Identity Protection PIN (IP PIN) is a six-digit number issued by the IRS to help prevent the misuse of your Social Security number (SSN) on fraudulent federal income tax returns. You still need to use your SSN, but the IP PIN adds an extra layer of security.
Follow these instructions to enter your Identity Protection Personal Identification Number (IP PIN) or to remove an IP PIN that you accidentally entered.
Open or continue your return.
Navigate to the IP PIN section:
TurboTax Online/Mobile: Go to IP PIN.
TurboTax Desktop: Search for IP pin (don't forget the space) and select the Jump to link.
On the Identity Protection PIN screen, answer Yes. Select Add and enter your IP PIN in the space provided.
If you need to remove the IP PIN, select the trash icon.
Select Continue, then select Done.