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April 12, 2025
5:09 PM
It depends- in many yes, retirement income through an employer plan is deferred compensation meaning you worked for it but it is not taxed until after you retire. Traditional IRAs are also tax defer...
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It depends- in many yes, retirement income through an employer plan is deferred compensation meaning you worked for it but it is not taxed until after you retire. Traditional IRAs are also tax deferred- you get a reduction in income when you contribute it to the plan, then pay the taxes on it later when you retire and take the money out. Roth IRAs and Roth 401ks are not taxed deferred, so you do not pay tax on the distributions if you are qualified.
April 12, 2025
5:09 PM
No, you cannot file your State return without filing your Federal return.
Please see Can I prepare and file just my state return using TurboTax?
April 12, 2025
5:09 PM
Keep the cost basis from your 1099-B. Enter the Box 14 RSU amount in the field for W2. You don't need to do anything else.
April 12, 2025
5:08 PM
This is for the state of Iowa.
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April 12, 2025
5:08 PM
@CatinaT1 Similar situation here. Do we still have to put the box 15's "State/Payer's state no." even if it's wrong?
April 12, 2025
5:08 PM
Here's how to do this in TurboTax Online: Navigate to Federal Taxes in the upper left, then Wages and Income. Add or Edit Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) > Ad...
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Here's how to do this in TurboTax Online: Navigate to Federal Taxes in the upper left, then Wages and Income. Add or Edit Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) > Add/Edit Choose Add Investments Choose "Enter a different way" Select 1099-DIV and continue Choose "Type it in myself" Enter the information from the 1099-DIV requested in the interview
April 12, 2025
5:07 PM
You can enter the information from the 1098-T to enter your expenses, and answer the interview questions. TurboTax will calculate the education credits you're entitled to.
Here's how to enter ...
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You can enter the information from the 1098-T to enter your expenses, and answer the interview questions. TurboTax will calculate the education credits you're entitled to.
Here's how to enter your 1098-T in TurboTax, from Where do I enter Form 1098-T (Tuition Statement)?:
Enter the 1098-T in the section for Tuition:
TurboTax Online: Here is the link: 1098-T. or use the magnifying glass, type "1098-T", and select "Jump to 1098-T"
TurboTax Desktop: Select Search. Search for Form 1098-T.
See: Education credits - AOTC and LLC, How do Education Tax Credits Work?
April 12, 2025
5:07 PM
April 12, 2025
5:06 PM
Has anyone been able to enter their 1099K without the Needs Review message? No one at Turbo Tax customer service has a clue in how to fix it.
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April 12, 2025
5:06 PM
What finally worked for me was exiting TT, re-opening the file and saving it on my desktop. I lost a bit of work, but had no trouble after that
April 12, 2025
5:06 PM
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April 12, 2025
5:05 PM
This does not work. Federal K-1, Box 13, Code W is now reserved for "W- Clean electricity production credit". Please provide a different solution.
April 12, 2025
5:05 PM
Our dependent son received a 1098-T showing how much tuition was paid to his college. No issues there. However, we paid out of pocket for a semester because our son lost funding due to poor academic...
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Our dependent son received a 1098-T showing how much tuition was paid to his college. No issues there. However, we paid out of pocket for a semester because our son lost funding due to poor academic performance. How do we claim this in TurboTax?
April 12, 2025
5:05 PM
This does not work. Federal K-1, Box 13, Code W is now reserved for "W- Clean electricity production credit". Please provide another solution.
April 12, 2025
5:04 PM
In the Foreign Tax Credit section, you'll be asked first if you have other foreign income to report, other than what you already entered in the interest/dividends section. Say Yes and Continue a few...
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In the Foreign Tax Credit section, you'll be asked first if you have other foreign income to report, other than what you already entered in the interest/dividends section. Say Yes and Continue a few screens until you get a screen asking you to select the type of foreign income you have. You'll be asked for the Country, Amounts of Income, Tax Paid, and whether 'paid or accrued'. You'll then see the info on Form 1116.
However, if you're excluding foreign wages, go to the Foreign Earned Income Exclusion section to report this, and remember that you cannot also take a Foreign Tax Credit for income excluded from US taxation.
The screens vary depending on which version of TurboTax you're using, which is why instructions may differ. If you're using TurboTax Online, clear your Cache and Cookies periodically.
Here's more info on Claiming the Foreign Tax Credit and Form 2555, Foreign Earned Income Exclusion.
@kurmakote
April 12, 2025
5:03 PM
I do not want to file federal right now. I do want to fie the state form
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April 12, 2025
5:03 PM
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboT...
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How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
April 12, 2025
5:03 PM
I don't have a W in section 12 of my W2 and in the HSA section of "Deductions and Credits" I select "None of the above" to complete removing HSA information, but it still shows up. It's very frustr...
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I don't have a W in section 12 of my W2 and in the HSA section of "Deductions and Credits" I select "None of the above" to complete removing HSA information, but it still shows up. It's very frustrating and i don't know how to fix it. Please help!