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April 11, 2025
7:59 PM
Adding this since I did not see this post before I posted my last reply >>> You are entering the amount from your 1099-NEC as miscellaneous income because it is not self-employment income, correct? ...
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Adding this since I did not see this post before I posted my last reply >>> You are entering the amount from your 1099-NEC as miscellaneous income because it is not self-employment income, correct?
If so, enter certificate completion as the description and enter the $2500 as the amount on the screen above - It will put the $2500 as Other income instead of Self-Employment income. @Kiki15
April 11, 2025
7:59 PM
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April 11, 2025
7:58 PM
Hi, I had the same issue and the above solution did not work. I went back to the federal and filled in, then deleted S corp info. No matter what I do, the NJ screen always says "you reported income f...
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Hi, I had the same issue and the above solution did not work. I went back to the federal and filled in, then deleted S corp info. No matter what I do, the NJ screen always says "you reported income from S corporations...." then forces me to fill out the S corp info. I did not have any S corp and no S corp income. Is it possible some other area of the federal has S corp income accidentally added? If so, how do I find? Is there a form I can delete? Thanks!
April 11, 2025
7:54 PM
Same problem. Im a partial WA resident but Im not applying for WFTC. Using Desktop. It keeps forcing me to "finish" my WA even after I clicked on No for WFTC.
April 11, 2025
7:54 PM
To add your prior year carryover loss:
Open your return to federal income
Locate the investment income section
Select Capital Loss Carryover
Use last year's sch D
Reference: How...
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To add your prior year carryover loss:
Open your return to federal income
Locate the investment income section
Select Capital Loss Carryover
Use last year's sch D
Reference: How do I enter my capital loss carryover?
April 11, 2025
7:53 PM
My dad passed away October 2023 but we had two accounts that stayed active until mid 2024. I filed his taxes at the end of 2023 thinking that would be the last and any new income would be placed on ...
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My dad passed away October 2023 but we had two accounts that stayed active until mid 2024. I filed his taxes at the end of 2023 thinking that would be the last and any new income would be placed on our 1099 but it was recorded in his name. So I just completed the 1041 for his estate, but I am confused about the Schedule K-1and the Schedule B Income Distribution Deduction Section. Is the Schedule K-1 and the Schedule B only used if you record the income on your own 1040 and since we did not, I just enter zeros in that section so the full amount will be taxed on his 1041 Estate Return. Should I include Schedule K-1 with my return even if that section contains zeros? Thank you for any help you can provide.
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April 11, 2025
7:53 PM
Most of my income is from 1099INTs and 1099DIVs. I didn't sell a house or any stocks or mutual funds that grew by that much. The only thing I can think of is I sold an inherited Roth IRA, but that s...
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Most of my income is from 1099INTs and 1099DIVs. I didn't sell a house or any stocks or mutual funds that grew by that much. The only thing I can think of is I sold an inherited Roth IRA, but that shouldn't be taxed on capital gains.
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April 11, 2025
7:53 PM
Topics:
April 11, 2025
7:52 PM
You should answer YES for miscellaneous income - you currently have NO selected. After changing that to YES, you will be able to select Other Reportable Income - it will be the last option.
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You should answer YES for miscellaneous income - you currently have NO selected. After changing that to YES, you will be able to select Other Reportable Income - it will be the last option.
April 11, 2025
7:52 PM
On 1099K there is an amount of 1a and another amount on 1b. Is the amount on 1b already in amount on 1a? Where do I report 1a if it isn't included with 1a?
April 11, 2025
7:52 PM
If social security is your only income you don’t have to file.
April 11, 2025
7:51 PM
1 Cheer
This recommendation is still just an unacceptable workaround. I hope that this gets fixed soon.
April 11, 2025
7:51 PM
Both married only source of income is social security, do taxes need to be filed annually
April 11, 2025
7:48 PM
I've used Turbotax for several years and have a rental property which I inherited. It was rereoofed a few years ago and, at the time, I entered the cost and opted to depreciate it. Everything went sm...
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I've used Turbotax for several years and have a rental property which I inherited. It was rereoofed a few years ago and, at the time, I entered the cost and opted to depreciate it. Everything went smoothly but last year we had an unusual tax situation where we did not feel confident to do it ourselves, so we had a tax preparer do it. This year we are back to Turbotax and have some numbers getting pulled in from 2 years ago rather than last year, and I'm trying to chase down why my state income from the rental is significantly higher than the federal. Any help thanks
April 11, 2025
7:48 PM
Hi used turbo tax last year took bonus depreciation $54.400 plus regular depreciation $2,720 for a total of $57,120. This year’s taxes it only shows the $2,720 depreciation for prior year but not th...
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Hi used turbo tax last year took bonus depreciation $54.400 plus regular depreciation $2,720 for a total of $57,120. This year’s taxes it only shows the $2,720 depreciation for prior year but not the bonus. It’s calculating depreciation .on original purchase price 85k at current usage rate of 87.5% =74,375 5 yrs 200 DB-HY for total depreciation $28,662.?? Prior bonus depreciation It’s not showing on the depreciation work sheet, only 2,720 and nothing else! Please can someone help me! How to enter directly prior year depreciation. I’ve used turbo tax for 10 years. Never encountered a major issue. Sad thing is 4 calls different agents no one knows what to do. Keep referring me to others. Auto is over 6k lbs
April 11, 2025
7:48 PM
did you try just typing v in that box? you will then have to select the holding period in the drop down box'
April 11, 2025
7:47 PM
To ensure that you get the military discount, review your entries in the personal info section.
Open TurboTax
Select the dropdown by My info and select Edit
Select Edit under Personal pro...
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To ensure that you get the military discount, review your entries in the personal info section.
Open TurboTax
Select the dropdown by My info and select Edit
Select Edit under Personal profile and check your entries
Make sure that you have shown your military status as of December 31, 2024?
Make sure that you entered your highest military pay grade in 2024
Enter an answer for combat zone or hazardous duty area you served in during 2024
Select a state and select Assignment detail
On the next screen you will see the message: Yes! You qualify for our enlisted military discount.
Refer to the TurboTax Blog TurboTax Offers Free Tax Filing for Military Active Duty and Reserve.
April 11, 2025
7:45 PM
Each treaty is unique. United States Income Tax Treaties lists all the treaties. They have sections so you can see which apply to you and the requirements. In addition, if you are filing as a no...
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Each treaty is unique. United States Income Tax Treaties lists all the treaties. They have sections so you can see which apply to you and the requirements. In addition, if you are filing as a nonresident, you want to use Sprintax. They have excellent service answering questions.
April 11, 2025
7:45 PM
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April 11, 2025
7:45 PM
I don’t know what to out because under miscellaneous incomes or says don’t put self employment income