All Posts

Thanks @DaveF1006  for quick reply. This is how its currently looking at on schedule CA   Considering my RSU income is 100K Adjustment amount : 40k Income based on Work day : 60K   On CA 540NR values comes like this. At Col A : 100K (RSU income) At Col C : 40K (adjustment) At Col D : 100K (RSU income) At Col E : 60K (CA work-day income is)   It is calculating tax on 140K, adding column C and D but my RSU income is 100K. How do I make CA calculate on actual rsu income only of 100K. Or it is correct to calculate it at (adjustment +RSU income)

You will need to request this from the financial institution that handles the Roth IRA account.  They should be able to give you all of the contributions (and distributions, if any) that were made on the account.

TurboTax doesn't take their fees from your state refund, even if its's issued first.  The IRS will send your Federal refund directly to the processing bank for 'pay with my refund' options.   @romanboy 

No. Una vez que el IRS acepta tu declaración, deberás presentar una enmienda. Esto te permitirá modificar y agregar la información de horas extras que necesites incluir.   Para hacerlo sigue estos pasos:   Usa la misma cuenta de TurboTax que usaste para presentar la declaración original Una vez que comiences la declaración enmendada, verás tu declaración original. Asegúrate de hacer cambios solo en las áreas de tu declaración que necesites enmendar. La calculadora de reembolso comenzará desde $0 y solo reflejará los cambios en el reembolso o el impuesto adeudado. Los cambios que realices para enmendar tu declaración de impuestos federales se transferirán automáticamente a tu declaración estatal.

I am having trouble getting the tax forms from Merill again this year. first the Merill edge option is not showing in the options when I try to use Bank of America login and authentication getting the below error   You can ask Bank of America if you'll get tax forms this year, and return to import when they're available. If you already have the info, you can enter it by hand. (902)   Anyone else facing this issue? I am using Turbotax deluxe desktop version on Windows laptop with edge browser

Yes, if you use the Three-year Rule Method, your pension is not reported as taxable income until the payments you receive from the plan equal the amount you contributed. Once you have received an amount equal to your contributions, all payments from the pension plan are fully taxable.    NOTE: If you are 62 or older, you, you may also be able to exclude up to $100,000 of your pension income if your income is under $150,000 under the new exclusion.  See Retirement Income Exclusions.

I'm on website version and am still waiting for this form to be available so I can complete the depreciation and amortization portion of my rental real estate. It's a bit worrisome that Turbo tax is allowing me to complete and file even with this part completely missing, losing out on large sum of deduction.

I have now spoken to two "experts" who couldn't work this out.  One actually hung up on me while I was on hold and assuming they couldn't hear me told my husband they didnt even know what a backdoor roth was.  Which she didnt, i explained it to her abd pointed out where the mistake was in the 8606 form. She then tried to give me the instructions for a roth to traditional conversion OR i could pay someone to do it for me!! Anyway after 2 hours with the "experts" Im going to switch to H&R block.  Ive used TurboTax for over 10 years but this is ridiculous

To enter the interest paid on a new vehicle loan, navigate to the Car Loan Interest screen in TurboTax.  Federal > Deductions & Credits > Add more deductions > Cars and Other Things You Own > Car Loan Interest  Vehicle Loan Interest Deduction  

If you've already filed, and you entered the wrong EIN for your school when entering your 1098-T in TurboTax, if your return is Rejected, you can correct it.  It may not be an issue, as it's the Box 1 and Box 5 amounts that determine your credit (which isn't coming from the school).        @Seyeone1