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April 15, 2025
3:21 AM
what am I supposed to put in box 6 for state if its blank on my 1099-nec?
April 15, 2025
3:20 AM
Consequently my efile return was rejected. Obviously that PIN window space is defective. How can it be corrected?
Topics:
April 15, 2025
3:19 AM
i am in turbo tax working on my return and I would like to see the form 1040. How do i find it?
April 15, 2025
3:19 AM
i am in turbo tax working on my return and I would like to see the form 1040. How do i find it?
April 15, 2025
3:18 AM
Go back to the main menu.
There is something on the 1095-A that you have to correct.
On the left side bar choose Federal Review
This will lead you through any errors in the return
Pay...
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Go back to the main menu.
There is something on the 1095-A that you have to correct.
On the left side bar choose Federal Review
This will lead you through any errors in the return
Pay specific attention to the 1095 section.
April 15, 2025
3:18 AM
This is very broken using Chrome. For example it says my 1099-DIV is zero after import, and it forces me to click review and then it tries to import the data again. The problem is that it is dupli...
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This is very broken using Chrome. For example it says my 1099-DIV is zero after import, and it forces me to click review and then it tries to import the data again. The problem is that it is duplicating that data and the last two times I tried it, it has alternated between showing the correct amount from the DIV to zero, and it shows zero even with a form in the back being correct.
April 15, 2025
3:14 AM
I suggest you look at your tax return Form 1040 and confirm the number
You can preview your tax return by going to:
On the menu bar on the left that shows.
Select Tax Tools
On th...
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I suggest you look at your tax return Form 1040 and confirm the number
You can preview your tax return by going to:
On the menu bar on the left that shows.
Select Tax Tools
On the drop-down select Tools
Tip: If you don't see the dropdown for Tools,
Minimize the federal and state options using the down arrow.
On the popup menu
Select View Tax Summary
On the left sidebar
Select Preview my 1040.
Line 12 is the deduction.
Schedules 1,2 & 3 are included if you scroll down past your 1040.
To return to the entry screens press Back on the sidebar.
Some key numbers on your 1040 tax return are:
Line 9 - Total Income
Line 11 - AGI
Line 15 - Taxable Income
Line 24 - Total Tax.
Line 25 d - Withholdings.
Line 26 - Estimated tax payments
Line 27 - Earned Income Credit
Line 33 - Payments including Credits.
Line 34 - Overpayments.
Line 37 - Tax owed.
It my look like you should be getting Itemized deductions based on the raw numbers, but after crunching the numbers it may not be the best choice for you.
There have been many changes to the Itemized deduction limitations. Here are some of the limitations to Itemized deductions
Medical expenses: You can only deduct the amount of your medical and dental expenses that is more than 7.5% of your AGI.
Mortgage Interest: You can deduct the interest you paid during the tax year on the first $750,000 of your mortgage debt for your primary home or a second home. If you are married filing separately, the limit drops to $375,000.
Local Taxes: Your deduction of state and local income tax, general sales, and property taxes is limited to a combined total deduction of $10,000 ($5,000 if married filing separately).
Business expenses for employees is no longer allowed.
There may be other limitations that are not listed.
Finally, the total of all deductions must be greater than the Standard deduction.
The standard deduction amounts for 2024 are:
$29,200 – Married Filing Jointly or Qualifying Surviving Spouse
$21,900 – Head of Household
$14,600 – Single or Married Filing Separately
For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
$1,950 for Single or Head of Household
$1,550 for married taxpayers or Qualifying Surviving Spouse
You can also see: The difference between standard and itemized deductions, and what they mean
April 15, 2025
3:12 AM
A "Tell us about your import experience window came up." It won't close when I click on "No Thanks". If I type on the Comments field and click "Send", it just makes a clicking sound and doesn't do any...
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A "Tell us about your import experience window came up." It won't close when I click on "No Thanks". If I type on the Comments field and click "Send", it just makes a clicking sound and doesn't do anything. What do I do?
Topics:
April 15, 2025
3:11 AM
Please confirm that you do not have any open accounts.
You can use the phone number by state at The Health Insurance Marketplace.
The list is half way down on the page.
April 15, 2025
3:08 AM
Topics:
April 15, 2025
3:08 AM
Please ask your question
Please confirm that you do not have any open accounts.
You can use the phone number by state at The Health Insurance Marketplace.
The list is half way down on t...
See more...
Please ask your question
Please confirm that you do not have any open accounts.
You can use the phone number by state at The Health Insurance Marketplace.
The list is half way down on the page.
That depends. The only 1095 that must be reported on your tax return is the 1095-A.
Both the 1095-B and 1095-C do not have to be included. However, you should keep them with your tax documents for future confirmation.
TurboTax does not provide the 1095-A. It is issued by the marketplace to show you had insurance and to evaluate the discount you may have received.
Did you have a marketplace health insurance plan?
"If you have not received your Form 1095-A or you received an incorrect 1095-A, you should contact the Marketplace from which you received coverage."
"If you receive a corrected or voided Form 1095-A, you may need to amend your return. For more information on what you need to do with a corrected or voided Form 1095-A, see Corrected, Incorrect or Voided Forms 1095-A. This information can help you assess whether you should file an amended tax return."
Please see Health Insurance Marketplace Statements
To enter a 1095-A in TurboTax, you can follow these steps
Select Tax Tools
On the drop-down select Tools
There will be 4 green boxes
Select Topics Search
Type the 1095-A
Continue through the questions and it will be posted to your return.
On the 1095-A, you should not enter "0" zeros. This will cause a Review Error. Simply leave the area blank.
April 15, 2025
3:08 AM
April 15, 2025
3:07 AM
turbo ttax is disperseng the penalty for early withdrawl over 3 years ,but not the chargeable income over 3 years
April 15, 2025
3:02 AM
Did not understand answer.
April 15, 2025
2:58 AM
I need help with my 1095-A
Topics:
April 15, 2025
2:57 AM
SAYS 1/1/124 - 12/31/24. I CANT HELP IT WAS A LEAP YEAR...
Topics:
April 15, 2025
2:50 AM
If someone day trade futures with prop firms, Apex, Topsteps etc. Are they able deduct the costs associated with acct purchases and activation fees, etc? Futrues firms only send 1099-NEC (amount yo...
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If someone day trade futures with prop firms, Apex, Topsteps etc. Are they able deduct the costs associated with acct purchases and activation fees, etc? Futrues firms only send 1099-NEC (amount you made) but not all expenses.