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Q.  Would the amount over $10000 be reported on a 1099Q?   A. The entire amount of the distribution will be in box 1 of the 1099-Q, not just the portion over $10,000.     As an alternative to visiting the Education section under Deductions and Credits, you are allowed to enter the loan payment directly in the 1099-Q section.  Press Done at the 1099-Q summary screen, to get to that entry screen. 

Yes, the same number will be on Schedule C, Line 31 and Schedule SE Line 2. However the income used by the Social Security Administration is on Schedule SE, Line 4c. (SE income x .9235).  Reduced to help self employed individuals by lowering their business net profit before applying the social security or self employment tax. Your net income based on your comments, for 2023 was $1,645. We would not be able to explain what the Social Security Administration (SSA) indicated you should make for each quarter. The line numbers will tell you what you earned for the entire year in 2024 (and 2023).   If you believe you will not owe in 2025 you do not need to follow the information next. If you want to be safe you can uses it to see what you should pay to be sure you have no underpayment penalty.    The information below will explain when an underpayment penalty would kick in for you in 2025. The simplest way to cover your tax liability, and there could be some balance due when you file, is to pay at least as much as your tax is for 2024 (line 24, Form 1040). As long as you pay this amount in estimated payments (divide by 4) equally throughout the tax year and withholding from an employer, you would have no penalty. Take the information into account below.   Generally, you can avoid the penalty if your total timely estimated payments and withholdings are greater than or equal to the lesser of: 90% of the total tax after credits for the current year, or 100% of the total tax after credits in the prior year See one exception below. You can also avoid the penalty if the amount you owe is less than $1,000 as long as any estimated tax payments you made are timely.   Note: High-income taxpayers. If your adjusted gross income (line 11 of your 2023 Form 1040) is greater than $150,000 (or $75,000 if you're married and file a separate return from your spouse), you can avoid a penalty by paying at least 110% of your total tax from the prior year.   @Casey007  [Edited: 04/08/2025 | 8:30 AM PST]

If you are referring to the question in the HSA interview where TurboTax asks you if you overfunded your HSA last year (meaning 2023), and refers you to the 5329 in your 2023 tax return, then if your 2023 tax return did not include a 5329, then you did not overfund your HSA in 2023.   What TurboTax is actually wanting to know is did you carry over any excess from 2023, If you did, then you would have been assessed a penalty on the 5329. No 5329, no carryover.   NOTE: if you did have excess contributions in 2023 but withdrew the entire excess before the due date of the return (April 15, 2024), then you "cured" the excess and do not have to own up to it.

You need to report the cash distributions to the member's on the Schedule K and Schedule K-1 box 19 code A. Each member will need to understand how to maintain their tax basis in the investment. This worksheet needs to be updated every year for the applicable items on the K-1. Partnership tax gets complicated very quickly, so it may be in your best interest to get some professional advice / input.  

Thank you for responding and sending the link for how to downgrade.  I actually tried that, but didn't want to erase my forms without knowing if just the Deluxe program I usually used would work for my situation.  I was able to find a chart of what forms are included in the Deluxe, and Schedule D was not included.  In the beginning, when I signed in to begin my tax forms, there was a short questionnaire I was to answer which would give me a professional recommendation for the program I should use.  I said DIY, owned home, sold a stock.  The Online Premium was what I was told and no other options were given.

You wouldn't need to file the Utah return, as the house sale would not be reported on it. You would just pick up the capital gain reported on the federal return. Since there wouldn't be any federal capital gain reported, there would be nothing for it to be reflected on the Utah return.

I am confused by this additional fee also.  I purchased the Premier version from Amazon for 82.99 and used that download to prepare my taxes.  I am still getting charged the $40 fee at the end as a "Refund Processing Fee".  Can anyone tell me why?

That's the problem I have gone back I think it was around 6 or 7years for different people! I have used many different cd s and every time they update, or a t least check for one! You young people can have your downloads technology! Not for Me it appears you are going BACKWARDS, and don`t know it? I will go else where! 

So, in AZ, there is no longer a dollar for dollar tax credit when you donate to those qualifying charities? For example, last year I donated $800 for the qualifying charities and basically got $800 back in an AZ refund. Are you saying that is no longer happening? 

And it applies to either Premium, or Deluxe, or Free versions of the "Online" software. (All are free for enlisted personnel).   It just doesn't apply to the LIVE versions where you get an actual person as a helper to prepare and file.