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April 15, 2025
6:26 PM
Remember that an extension does not give you more time to pay. You need to pay your tax due by April 15. The extension only gives you more time to prepare and file your tax return forms.
ht...
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Remember that an extension does not give you more time to pay. You need to pay your tax due by April 15. The extension only gives you more time to prepare and file your tax return forms.
https://turbotax.intuit.com/irs-tax-extensions/
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_US_en_US?uid=m9a3q808
April 15, 2025
6:26 PM
If you just e-filed your return, and you need to pay state taxes, try paying at your state's website. You won't be able to access your state return in TurboTax until you are notified that it has been...
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If you just e-filed your return, and you need to pay state taxes, try paying at your state's website. You won't be able to access your state return in TurboTax until you are notified that it has been accepted / rejected. See this help article for links to contact the different state tax agencies. @mrbryant
April 15, 2025
6:26 PM
If you are trying to import your 1099-R and you don't see your financial institution, that means that they aren't a TurboTax import partner. You can scan your 1099-R to your computer and upload it o...
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If you are trying to import your 1099-R and you don't see your financial institution, that means that they aren't a TurboTax import partner. You can scan your 1099-R to your computer and upload it or manually enter it.
Refer to the TurboTax article Where do I enter my 1099-R? for instructions.
April 15, 2025
6:26 PM
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You don't need to enter the Form 1095-A information if you didn't receive the form and your parents didn't allocate any of the insurance premiums to you when they completed their tax return. Even tho...
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You don't need to enter the Form 1095-A information if you didn't receive the form and your parents didn't allocate any of the insurance premiums to you when they completed their tax return. Even though you are covered on the policy, they would have an option to report the full premiums on their return.
April 15, 2025
6:26 PM
In follow up, we are breeding the heifer.
April 15, 2025
6:26 PM
If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.
If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has...
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If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.
If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.
https://www.irs.gov/payments
https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212
https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403
To apply for a payment plan with the IRS
Apply Online for a Payment Plan
You must pay your state tax due using the state’s preferred method of receiving payment. For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
WHAT IF I CANNOT PAY MY TAX DUE?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_US?uid=m9iryksw
April 15, 2025
6:26 PM
@truxilloromaine wrote: Thank you for this answer. I had this exact situation, printed out my return, found a mistake, hadn't mailed it yet, and needed to make an edit. You're welcome. I'm ...
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@truxilloromaine wrote: Thank you for this answer. I had this exact situation, printed out my return, found a mistake, hadn't mailed it yet, and needed to make an edit. You're welcome. I'm glad it helped. Good luck.
April 15, 2025
6:25 PM
@thelma_castillo What TT is asking is whether you contributed any money DIRECTLY to the HSA (meaning contributions other than what is in your paycheck).
April 15, 2025
6:25 PM
I was a full-time student as of 2024 and at that time I was using a state stipend to support myself is that considered supporting myself for taxes
April 15, 2025
6:25 PM
I did my taxes online with turbo tax in 2022. I cant find the paperwork and would like to get a copy
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April 15, 2025
6:25 PM
I thought turbo tax was free
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April 15, 2025
6:25 PM
No, you cannot wait and put 2024 income on a 2025 tax return next year. You will need to wait for the return to be fully processed and then amend to add the 1099.
Wait until your origina...
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No, you cannot wait and put 2024 income on a 2025 tax return next year. You will need to wait for the return to be fully processed and then amend to add the 1099.
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
See this TurboTax support FAQ for amending a tax return -
CURRENT YEAR
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
April 15, 2025
6:25 PM
You cannot add depreciation expense. You after to enter an asset and the program will calculate depreciation and populate the depreciation line with the calculated amount. If you haven't already yo...
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You cannot add depreciation expense. You after to enter an asset and the program will calculate depreciation and populate the depreciation line with the calculated amount. If you haven't already you need to set up your rental property as an asset. Go back to "Rental Properties and Royalties (Sch E)" in Wages & Income and "Review" it. As you go through the interview you will be prompted to set up your rental property as an asset. This is essential for a rental property.
April 15, 2025
6:25 PM
Why am I receiving an underpayment penalty? We do not estimate our taxes
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April 15, 2025
6:25 PM
how do i file for an extension
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April 15, 2025
6:24 PM
Yes.You'll need to remove your exemption so the e-file server doesn't reject your return again. Removing your exemption will increase your taxes.
Go to the Personal profile screen, and select Ed...
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Yes.You'll need to remove your exemption so the e-file server doesn't reject your return again. Removing your exemption will increase your taxes.
Go to the Personal profile screen, and select Edit under your name.
Continue to Let's check for some other situations and select Another taxpayer can claim me as a dependent on their tax return and Yes to Will this person claim you on their 2024 tax return?
Select Continue. Continue through your return and file it without your exemption.
How do I fix e-file reject F1040-516?
April 15, 2025
6:24 PM
Sometimes you have to go into the state portion of the turbo tax. Then look for extension to file.
April 15, 2025
6:23 PM
Yes, TurboTax supports Form 2120, the Multiple Support Declaration. This form is used when multiple people contribute to the support of a dependent, but no single person provides more than half of th...
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Yes, TurboTax supports Form 2120, the Multiple Support Declaration. This form is used when multiple people contribute to the support of a dependent, but no single person provides more than half of the support. Here's how you can enter Form 2120 in TurboTax:
TurboTax Online:
Log in to your TurboTax account.
For TurboTax Online, go to the Personal profile screen.
For TurboTax Desktop, open or continue your return and select Personal Info.
Select Add another dependent/Edit
Go through the dependent questions
When prompted about support, indicate that multiple people contributed to the support.
TurboTax will guide you through entering the necessary information for Form 2120.
For more detailed instructions, you can refer to TurboTax's support articles here. Additionally, the IRS provides information about Form 2120 here.
April 15, 2025
6:23 PM
It's taxable, but not self-employment. Scholarships can also be reported as earned income, which is more advantageous than as "other income". The problem is they changed where scholarships are liste...
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It's taxable, but not self-employment. Scholarships can also be reported as earned income, which is more advantageous than as "other income". The problem is they changed where scholarships are listed on Form 1040, but they didn't change the forms that scholarship are reported on. It's a bit tedious, but I suggest you enter this way- a) Enter Form 1099-MISC so the IRS can match it b) Back out the income so you are not double-taxed c) Enter the amount as scholarship To do that- Enter the 1099-MISC Under Wages & Income Other Common Income Income from Form 1099-MISC START Enter the 1099-MISC as it was reported, Type "Scholarship" in for the description, Select "None of these apply" for uncommon situations, "NO" not like main job, Only got it in 2024, "NO" no intent to earn money, DONE These are TurboTax questions, not IRS questions. These need to be the answers to let TurboTax know it is not Self-Employment. THIS GETS THE FORM ON YOUR RETURN, now zero it out Wages & Income LESS COMMON INCOME Miscellaneous Income, 1099-A, 1099-C START Scroll all the way down to the LAST option- Other reportable income START Type "Scholarship reported twice" or some other description the IRS will understand and enter the amount AS A NEGATIVE AMOUNT (put a minus sign (-) in front of the number Done The 1099-MISC as well as the negating entry will both be on Schedule 1 line 8z Lastly go to Deductions & Credits Education Expenses and Scholarships (Form 1098-T) If you entered a 1098-T in her TurboTax program, continue to the screen where you can add the stipend scholarship If you are not entering Form 1098-T, continue through that section ignoring the questions about Form 1098-T until you get to that screen. Be sure to enter the amount here The scholarship will be on Schedule 1 line 8r The 1099-MISC and negative entry will both be in Schedule 1 line 8z HERE is how to look at your tax return online