All Posts
April 10, 2025
10:19 AM
Thank you for your response. Adding a zero in box 7 did not change the outcome. It is not linking to Schedule F - I realized as it currently is entered it's under other common income. The option f...
See more...
Thank you for your response. Adding a zero in box 7 did not change the outcome. It is not linking to Schedule F - I realized as it currently is entered it's under other common income. The option for a 1099-G under Farm income does not have an option for box 6.
April 10, 2025
10:19 AM
TurboTax doesn't create Schedule 2 unless you need one. Schedule 2 includes two parts: "Tax" and "Other Taxes." Taxpayers who need to complete this form include:
high-income taxpayers who owe al...
See more...
TurboTax doesn't create Schedule 2 unless you need one. Schedule 2 includes two parts: "Tax" and "Other Taxes." Taxpayers who need to complete this form include:
high-income taxpayers who owe alternative minimum tax (AMT)
taxpayers who need to repay a portion of a tax credit for the health insurance marketplace
taxpayers who owe taxes in addition to standard income taxes such as self-employment taxes
For more information, refer to the TurboTax article What is IRS Form 1040 Schedule 2?
April 10, 2025
10:18 AM
Thank you! Yes, it is a service business (pllc providing counseling)
April 10, 2025
10:18 AM
If your state does not have a personal income tax, it will not be listed in the dropdown
Leave boxes 15, 16 and 17 blank (empty) on the W-2
April 10, 2025
10:18 AM
Who is "them"? What is this about? Did you cash out the 18,400 from a retirement account? Did you get a 1099R for it?
April 10, 2025
10:18 AM
Do I need to include my HC Worksheet in my MA Tax return?
Topics:
April 10, 2025
10:18 AM
Do you have mark-to-market gains/losses reported to you on a Form K-1? If so, where exactly on the form are they reported, and with what code? Did you indicate that you materially participated? ...
See more...
Do you have mark-to-market gains/losses reported to you on a Form K-1? If so, where exactly on the form are they reported, and with what code? Did you indicate that you materially participated?
If you have mark-to-market gains or losses due to a 475f election reported on Form K-1 they need to be reported on Form 4797 Part II. You will have to use TurboTax Desktop to accomplish this. Here's how:
Click on the Forms icon in the upper right of your screen.
This will you to the Forms mode
Click on "Open Form" if the upper left of your screen
Click on Form 4797 p1: Sales of Business Property
Scroll down a little to the entry table
Enter your gains from your K-1. You can use Various as Date acquired, 12/31/2024, as Date Sold, and a cost basis of $0.Your gain will be reported in Part II of Form 4797
If you are using TT Online and want to switch to Desktop, see the following for instructions: How do I switch from TurboTax Online to TurboTax Desktop?
April 10, 2025
10:18 AM
There is a workaround. Would you be willing to try this workaround for testing purposes? It doesn’t always work, so I would need you to reply and let me know if this works for you.
This workar...
See more...
There is a workaround. Would you be willing to try this workaround for testing purposes? It doesn’t always work, so I would need you to reply and let me know if this works for you.
This workaround, when it works, unblocks and resets the efile status for the tax return which could be achieved.
You need to change the SSN to dummy SSN (like all zeros in ssn) and perform check efile status, then re-enter your real SSN afterward. The steps are listed below.
Steps:
Change SSN to dummy SSN (like all zeros in ssn) in personal info
Go to File tab and perform efile status check -> No status will be displayed
Changed SSN back to original SSN
Go to File tab and perform efile status check -> Will/Should show correct status for the filing
Go to file a return section and file amend return, the product will allow to file amend return now.
April 10, 2025
10:16 AM
The extension gives you until October 15, 2025 to file your taxes without getting a failure to file penalty. You don't get extra time to pay your taxes so you must pay any taxes that you may have th...
See more...
The extension gives you until October 15, 2025 to file your taxes without getting a failure to file penalty. You don't get extra time to pay your taxes so you must pay any taxes that you may have that are due by April 15, 2025 so you won't be assessed the failure to pay penalty.
Refer to the TurboTax Help article How do I file an IRS tax extension?. If you need to file a state extension, review the article How do I file an extension for my personal state taxes?
April 10, 2025
10:16 AM
There are boxes 1a and 1b on the TurboTax Form 1099-DIV
Screenshot -
April 10, 2025
10:16 AM
the deceased date was may2024 and I am trying to decide about calendar year vs fiscal year tax filing for the future...fiscal filing goes from may 2024 -april 2025 ? does that mean I report dividend...
See more...
the deceased date was may2024 and I am trying to decide about calendar year vs fiscal year tax filing for the future...fiscal filing goes from may 2024 -april 2025 ? does that mean I report dividends paid for this whole period now on my 2024 tax filing ....and how can I report dividends for the period jan2025-apr 2025 without a 1099-div.....I have court fees from dec 2024 and jan 2025 and I thought if I went for the fiscal year, I could deduct them both....is this a bad idea since the 1099-div are issued at year end...
April 10, 2025
10:16 AM
Too late. I tried to E file, they took my payment for state filing. Then when I clicked on file it would not file. I have a MAC and the trouble shoot instructions said close the file and reopen. ...
See more...
Too late. I tried to E file, they took my payment for state filing. Then when I clicked on file it would not file. I have a MAC and the trouble shoot instructions said close the file and reopen. My entire tax file is now gone, not saved anywhere even though I had opened it several times before in the last month.
April 10, 2025
10:16 AM
March 5 my state return was accepted. About a week later I received a later stating I had an overpayment from unemployment of $800 and part of my tax return will cover this. The remainder of my retur...
See more...
March 5 my state return was accepted. About a week later I received a later stating I had an overpayment from unemployment of $800 and part of my tax return will cover this. The remainder of my return is around $5k-6k. Will I receive this money? When I track my return online it says still pending, on turbo tax it says approved 03/05 and when I call my information does not pull up my state return at all to track so I am now getting nervous
Topics:
April 10, 2025
10:15 AM
April 10, 2025
10:15 AM
April 10, 2025
10:15 AM
April 10, 2025
10:14 AM
1 Cheer
The bank interest is a bit tough since you have to know the rules for that investment and most of them love to charge fees - which takes you back to when paid. Bonds are similar. They can be reported...
See more...
The bank interest is a bit tough since you have to know the rules for that investment and most of them love to charge fees - which takes you back to when paid. Bonds are similar. They can be reported each year as accrued or wait until mature and report it all at once. You get the 1099-INT at the end. See another post of mine for bond information.
@Frank nKansas
April 10, 2025
10:14 AM
Financial institution answer has not been accepted in spite of various attempts and answers.
Topics:
April 10, 2025
10:13 AM
No, I'm afraid not. Your payment information was transmitted to the IRS when you filed the return and the IRS has it now. Whatever payment arrangements you have made with them have already been ent...
See more...
No, I'm afraid not. Your payment information was transmitted to the IRS when you filed the return and the IRS has it now. Whatever payment arrangements you have made with them have already been entered into the IRS system. You can try to contact the IRS to change your payment arrangements but contacting the IRS at this point can be very difficult.
Here's the contact information for the IRS.
@AJRios73