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You don't include their income on your return. It would only go on their return if they are required to file one.  To file a separate return for your dependent you need to set up a new account.  Onli... See more...
You don't include their income on your return. It would only go on their return if they are required to file one.  To file a separate return for your dependent you need to set up a new account.  Online is only good for one return per account.  You can use the same email address for 5 accounts.   Be sure on their return they check the box that says they can be claimed on someone else’s return. If their only income is W2 and under 14,600 they do not have to file a return except to get back any withholding taken out.  If they got a 1099NEC or paid cash they have to file it as self employment no matter how small. Filing requirements for a dependent https://ttlc.intuit.com/community/children-dependents/help/do-i-need-to-file-my-own-taxes-if-i-m-a-d...      
I reviewed my 1099-R and it was correct. It is for my IRA. Now two duplicate forms have popped up to be checked.
@DavidD66 wrote: If you choose to capitalize and depreciate the cost of your roof, you should select "Real Estate" and it will be depreciated over 27 1/2 years.  You may want to review the IRS T... See more...
@DavidD66 wrote: If you choose to capitalize and depreciate the cost of your roof, you should select "Real Estate" and it will be depreciated over 27 1/2 years.  You may want to review the IRS Tangible property regulations – Frequently asked questions to see if your "new roof" qualifies for expensing as opposed to capitalizing.   Note that the safe harbors to treat something as an expense, are that it costs less than $2500 (for most taxpayers) or $5000 (for some.)   There is another small business safe harbor that allows you to expense improvements instead of deducting them but only if your total repair and improvements are less than 2% of your basis in the building and the building's basis is less than $1 million.   I suspect that a new roof on a residential rental will not fit into either of those safe harbors. 
Does the OIC offer any other payment plans, other than the 24month payment plan..?  
an individual can rebut the IRS  presumption that you are an employee by providing records, such as contracts or partnership agreements, that provide sufficient evidence to corroborate the individual... See more...
an individual can rebut the IRS  presumption that you are an employee by providing records, such as contracts or partnership agreements, that provide sufficient evidence to corroborate the individual's status as a non-employee.   It's not getting paid hourly that's an issue. it's that all your labors are performed for a single entity. Whether you are an independent contractor or an employee who should have gotten a W-2 is the issue.    see this IRS webpage https://www.irs.gov/newsroom/worker-classification-101-employee-or-independent-contractor         
Are there any amounts in box 16 and 17?  If there isn't don't enter TX in box 15.   If this answer doesn't help, reply back.
There were only two options: Accept Direct Deposit via Credit Karma with no fees Accept Direct Deposit into my bank account with $35.35 Fees. I never wanted 5 Days Early Option, and there w... See more...
There were only two options: Accept Direct Deposit via Credit Karma with no fees Accept Direct Deposit into my bank account with $35.35 Fees. I never wanted 5 Days Early Option, and there was no option to opt-out.     Option 2 has been my go-to option for the past 15 years, and I'm now being charged for it—under the guise of a benefit that I never wanted: the "5-Day Early Option."    If you want to help, waive the $35.35 fee since I have already paid for filing via the Turbo Tax.
@whepler1234 wrote: I had an error on my return and it was rejected. I can't find it on my computer (only the pdf copy). I can't follow the instructions because there is no file to edit. ?? When ... See more...
@whepler1234 wrote: I had an error on my return and it was rejected. I can't find it on my computer (only the pdf copy). I can't follow the instructions because there is no file to edit. ?? When I access Turbotax it takes me back to te beginning, not my old return that I filed. Can't find the original file to edit. How do I recover the original? What tax year are you referring to?  The current 2024 filing or a prior year?  And was it prepared in Online TurboTax or desktop software installed on your computer?   If you are referring to a 2024 online return, and when you log back in, if you see no evidence of it, and it's acting like it wants you to start one, then you may have multiple accounts without realizing it.   If that's your situation, we can help you find the right online account.
When reviewing my state taxes, it says I need to review a line on my car & truck expenses but I can't edit it, the window doesn't let me edit the number I put in, can you help?
deleted and input so many times, but never seen that intent to earn money page...😫 what did I miss???
Because we can't see your tax return, we can't tell you what may have happened regarding the calculation of your state tax liability.    Did you file a state tax return for your state of Legal re... See more...
Because we can't see your tax return, we can't tell you what may have happened regarding the calculation of your state tax liability.    Did you file a state tax return for your state of Legal residence or the state that you are stationed in?     Review the TurboTax articles to make sure you filed the correct state returns. Refer to the TurboTax Help article What is my military state of residence? and  Where can I find state information on filing my return as an active duty military member?    
@asm_ahsan  absent your sharing your AGI ( before  and after adding dividend income ) your filing status, all one can do is guess --- you were probably sitting close to the edge of a  tax bracket and... See more...
@asm_ahsan  absent your sharing your AGI ( before  and after adding dividend income ) your filing status, all one can do is guess --- you were probably sitting close to the edge of a  tax bracket and the dividend income just put your marginal rate higher.  Take a look at your  form 1040   worksheet  ( in the forms mode ) and  calculate the tax by hand from the tax tables  ( Pub 17 or instructions for form 1040 ). Why do you say dividend  in come should be taxed at 15% ?   Is this foreign dividend  or what ?.   Sorry , this is probably not  the answer you expected  , but  with your post as the only data point, we are kind of blind.
@afromca wrote: is the sequence of conversions important? I am in somewhat of a similar situation, although my spouse had some amount from a deductible IRA in 2012-14. We just converted it in la... See more...
@afromca wrote: is the sequence of conversions important? I am in somewhat of a similar situation, although my spouse had some amount from a deductible IRA in 2012-14. We just converted it in late 2024 (moved money from traditional IRA to roth IRA), then started backdoor after that conversion towards EOY 2024.  So once the first step is done, does the situation become cleaner? (meaning we owe tax only on the first conversion?). Thanks! I'm not entirely clear because your facts may be different than the person you are adding on to.    Everything that happens in 2024 gets reconciled on a 2024 return, everything that happens in 2025 on the 2025 return, and so on.  For a real backdoor Roth IRA to work, you need to end the year with zero balance in any traditional IRA accounts.    But, remember that conversions happen when they happen, they are not back-dated like contributions sometimes can be.   If we suppose you had traditional IRA funds and you did a full Roth IRA conversion in 2024, you would end up 2024 with zero basis and zero balance, and then you could do the backdoor in 2025, and you would pay tax on the pre-tax conversion amount on your 2024 return.  But if you did all that in 2025, the result would be the same.  You can contribute non-deductible funds for 2025, convert everything in 2025, you will pay tax on the deductible portion (same as you would in the other example) and you end 2025 with zero balance allowing you to go forward for 2026.   The only timing issue is that you want to do the traditional to Roth conversion pretty soon after the contribution, so you don't have to convert and pay tax on investment gains that happen between the contribution and the conversion.     
As this is an online public forum, we have no way of confirming whether your state return was electronically filed or not.  You do have a couple of options. Check your e-filing status by followi... See more...
As this is an online public forum, we have no way of confirming whether your state return was electronically filed or not.  You do have a couple of options. Check your e-filing status by following the instructions in this link.  If the Indiana return shows up as filed and accepted, your state return has been filed and you do not need to mail it in. Contact us to confirm with an agent the filing status of your state return. @slimmeyer7