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April 12, 2025
4:57 PM
How should I include documentation with form 8453? (staple, paper-clip, or include loose sheets of the 1099-B?)
April 12, 2025
4:56 PM
1 Cheer
Came here to say this. have used turbotax for years but this is a scummy tactic to get more of my money. I will gladly pay the standard fee for the service, but as my taxes are simple the advanced op...
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Came here to say this. have used turbotax for years but this is a scummy tactic to get more of my money. I will gladly pay the standard fee for the service, but as my taxes are simple the advanced options are not used but i am FORCED into using it as it gives me no choice. Therefore scummy website stealing my money.
April 12, 2025
4:55 PM
Topics:
April 12, 2025
4:55 PM
I cant file because TT is looking for foreign income from k1, however neither partner or individual has any foreign income listed on k1
April 12, 2025
4:54 PM
I made my Box 14 empty. I still get a review error saying 'Not eligible for electronic filing'. Is there a way to get past the error and e-file? This is ridiculous. Thanks
Topics:
April 12, 2025
4:53 PM
1 Cheer
I am getting this error and am not trying to save it anywhere but the C drive. What is a better solution?
April 12, 2025
4:53 PM
My brother passed in early 2024 in NY and the estate has not been paid out yet, but i received a 2024 K-1 tax form with no beginning or end date noted showing a long term capital loss. As it is Ap...
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My brother passed in early 2024 in NY and the estate has not been paid out yet, but i received a 2024 K-1 tax form with no beginning or end date noted showing a long term capital loss. As it is April 2025 and the estate has not paid out yet, do I need to amend his 2024 taxes or does this get filed for 2025?
April 12, 2025
4:53 PM
Online TurboTax does not have forms mode. You can preview your Form 1040 and the Schedules 1, 2, or 3. To see any of the other forms or schedules you need to pay your fees and print.
PREVIEW...
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Online TurboTax does not have forms mode. You can preview your Form 1040 and the Schedules 1, 2, or 3. To see any of the other forms or schedules you need to pay your fees and print.
PREVIEW 1040
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
https://ttlc.intuit.com/community/printing/help/can-i-print-a-copy-of-my-turbotax-online-return-before-i-file-it/00/26244
April 12, 2025
4:52 PM
Can you clarify which part of the return is showing review?
April 12, 2025
4:52 PM
I have two different custodians for IRAs but took out more than my total RMDS for both accounts only from one..= How do I get Turbon Tax to recognize that I am not missing a required RMD?
Topics:
April 12, 2025
4:51 PM
Topics:
April 12, 2025
4:51 PM
Have you tried setting your computer layout setting to the recommended setting. The size of your text, apps, and other items is too large. When it is too large, it prohibits the items on the softwa...
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Have you tried setting your computer layout setting to the recommended setting. The size of your text, apps, and other items is too large. When it is too large, it prohibits the items on the software from displaying. This is why you cannot see the Continue button. To fix this:
1. Right-click on your desktop and go to display settings.
2. Scroll down to Scale and Layout and make sure it is set to the Recommended (possibly 100%) on your computer
3. Have your display resolution at the recommended as well.
April 12, 2025
4:50 PM
Same problem of requesting State ID encountered in 2024 return. In the last stage of transmittance of efiling it asked for Tax ID I opened the 1099 INT Worksheet. Entered zero in the places where i...
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Same problem of requesting State ID encountered in 2024 return. In the last stage of transmittance of efiling it asked for Tax ID I opened the 1099 INT Worksheet. Entered zero in the places where it was blank In the State selection at the end I selected Multiple States from the drop down menu Went back to filing It transmitted successfully
April 12, 2025
4:50 PM
Federal and state refunds come from completely separate entities, There is no rule as to which one will come first or how much time there will be between their arrivals. Some states process returns...
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Federal and state refunds come from completely separate entities, There is no rule as to which one will come first or how much time there will be between their arrivals. Some states process returns quickly and some are very slow.
STATE RETURN
Make sure your state return was accepted: https://turbotax.intuit.com/tax-tools/efile-status-lookup/
To track your state refund:
ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
April 12, 2025
4:50 PM
I have never over-funded my HSA and I double checked 2023 to confirm my contributions are less than the max for single plan. When I filed using TT last year, none of the reviews or smart checks ...
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I have never over-funded my HSA and I double checked 2023 to confirm my contributions are less than the max for single plan. When I filed using TT last year, none of the reviews or smart checks called out an overage or excess amount. This year, I am being told I have excess from 2023 to account for, but again - I have never over funded. Is there something i could be missing or is there a possibility there is a bug in the software?
April 12, 2025
4:50 PM
Try Delete a Form:
Windows instructions
Open or continue your return.
Switch to Forms Mode by selecting the Forms icon.
From the menu, select the form you want to remove.
After th...
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Try Delete a Form:
Windows instructions
Open or continue your return.
Switch to Forms Mode by selecting the Forms icon.
From the menu, select the form you want to remove.
After the form is generated in the right pane, select the Delete Form button.
Follow any onscreen instructions to remove the form or forms.
Mac instructions
Open or continue your return.
Switch to Forms Mode by selecting the Forms icon.
From the menu, select the form you want to remove (if you don't see it, select Open Form at the top).
From the Forms menu, select Remove [form name].
Follow any onscreen instructions to remove the form or forms.
Qualified Tuition Plans (QTP 529 Plans) Distributions
General Discussion
It’s complicated.
For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dep...
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Qualified Tuition Plans (QTP 529 Plans) Distributions
General Discussion
It’s complicated.
For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the Qualified Tuition Plan (QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q. The 1099-Q gets reported on the recipient's return.** The recipient's name & SS# will be on the 1099-Q. Even though the 1099-Q is going on the student's return, the 1098-T should go on the parent's return, so you can claim the education credit. You can do this because he is your dependent.
You can and should claim the tuition credit before claiming the 529 plan earnings exclusion. The American Opportunity Credit (AOC or AOTC) is 100% of the first $2000 of tuition and 25% of the next $2000 ($2500 maximum credit). The educational expenses he claims for the 1099-Q should be reduced by the amount of educational expenses you claim for the credit. But be aware, you can not double dip. You cannot count the same tuition money, for the tuition credit, that gets him an exclusion from the taxability of the earnings (interest) on the 529 plan. Since the credit is more generous; use as much of the tuition as is needed for the credit and the rest for the interest exclusion. Another special rule allows you to claim the tuition credit regardless of whose money was used to pay the tuition. In addition, there is another rule that says the 10% penalty is waived if he was unable to cover the 529 plan withdrawal with educational expenses either because he got scholarships or the expenses were used (by him or the parents) to claim the credits. He'll have to pay tax on the earnings, at his lower tax rate (subject to the “kiddie tax”), but not the penalty.
Total qualified expenses (including room & board) less amounts paid by scholarship less amounts used to claim the Tuition credit equals the amount you can use to claim the earnings exclusion on the 1099-Q. Example: $10,000 in educational expenses(including room & board which is only qualified for the 1099-Q)
-$3000 paid by tax free scholarship***
-$4000 used to claim the American Opportunity credit
=$3000 Can be used against the 1099-Q (on the recipient’s return)
Box 1 of the 1099-Q is $5000
Box 2 is $2800
3000/5000=60% of the earnings are tax free; 40% are taxable
40% x 2800= $1120
There is $1120 of taxable income (on the recipient’s return)
**Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip! When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry.
On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."
***Another alternative is have the student report some of his scholarship as taxable income, to free up some expenses for the 1099-Q and/or tuition credit. Most people come out better having the scholarship taxable before the 529 earnings. A student, with no other income, can have up to $14,600 of taxable scholarship (in 2024) and still pay no income tax.
April 12, 2025
4:50 PM
Same problem of requesting State ID encountered in 2024 return. In the last stage of transmittance of efiling it asked for Tax ID I opened the 1099 INT Worksheet. Entered zero in the places where i...
See more...
Same problem of requesting State ID encountered in 2024 return. In the last stage of transmittance of efiling it asked for Tax ID I opened the 1099 INT Worksheet. Entered zero in the places where it was blank In the State selection at the end I selected Multiple States from the drop down menu Went back to filing It transmitted successfully
April 12, 2025
4:50 PM