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April 14, 2025
4:40 PM
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April 14, 2025
4:40 PM
What documents do I need to attach when I mail to state tax return?
April 14, 2025
4:40 PM
No. If you are married filing separately, you each must claim 50% of the premiums, SLSCP and Credit. However, if you file separately, neither of you are eligible for the premium tax credit.
April 14, 2025
4:40 PM
You can verify the tax payment or federal refund method you chose on the Electronic Filing Instructions for your 2024 Federal Tax Return page, next to Balance Due/Refund. To go to the page, follow th...
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You can verify the tax payment or federal refund method you chose on the Electronic Filing Instructions for your 2024 Federal Tax Return page, next to Balance Due/Refund. To go to the page, follow these instructions:
Sign in to TurboTax and open your return.
On the Tax Home screen, scroll to Your tax returns & documents and select Add a State (don't worry, you're not actually adding a state, this just gets you into the right area) to access your tax forms and worksheets.
In the menu, select Tax Tools, then Print Center.
On the TurboTax Print Center screen, select Print, save or preview this year’s return.
On the next TurboTax Print Center screen, select 2024 Federal return and Include government and TurboTax worksheets, then select View or print forms.
The information will be on the first page, Electronic Filing Instructions for your 2024 Federal Tax Return, next to Balance Due/Refund.
April 14, 2025
4:40 PM
It depends. If you are not in the business of selling mineral rights and simply sold your own rights you can use the investment income instructions below. It would be unusual for you to have a cost b...
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It depends. If you are not in the business of selling mineral rights and simply sold your own rights you can use the investment income instructions below. It would be unusual for you to have a cost basis if the mineral rights are on the land purchased with your home.
To enter your sale in TurboTax, follow these steps.
Open or continue your return.
Navigate to the investment sales section:
TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
TurboTax Desktop: Search for investment sales and then select the Jump to link.
Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
Answer Yes to the question Did you sell any of these investments in 2024?
If you land on the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
Click this link for more information. Where do I enter Investment Sales?
April 14, 2025
4:39 PM
I provided intellectual capital and was never paid on a business proposal.
April 14, 2025
4:39 PM
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April 14, 2025
4:39 PM
It depends. Here are a few possible reasons and solutions:
Incorrect Selection: TurboTax asks about foreign accounts during the deductions section. Double-check that you didn’t accidentally ...
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It depends. Here are a few possible reasons and solutions:
Incorrect Selection: TurboTax asks about foreign accounts during the deductions section. Double-check that you didn’t accidentally select "Yes" to having a foreign account. Go to other tax situations>miscellaneous tax forms>prepare a report of foreign assets. Be sure you select no and then sign out of your return and sign back in again. See if this clears the error.
Imported Forms Issue: If you imported a 1099-INT or 1099-DIV, TurboTax may have incorrectly marked the FATCA filing requirement box. Try revisiting your entries and ensuring that box is unchecked.
Form 8938 Error: TurboTax may have automatically generated Form 8938 (Statement of Specified Foreign Financial Assets). You can delete this form under Tax Tools > Tools > Delete a Form. After deleting the form, sign out and back in again. See if this clears the error.
April 14, 2025
4:39 PM
Topics:
April 14, 2025
4:38 PM
I am married to a Canadian citizen. He has no status in the USA. I am a Canadian permanent resident and USA citizen. Finally got into my IRS account and trying to catch up on the last 3 years I did...
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I am married to a Canadian citizen. He has no status in the USA. I am a Canadian permanent resident and USA citizen. Finally got into my IRS account and trying to catch up on the last 3 years I didn't file. I do not work, or recieve benefits, I do not own anything, I do not have an address in the USA anymore. The most I have is a joint checking/savings account with my husband in which I am not the primary account holder. My husband works, only in Canada though. Should I be filing married separately? All the programs want me to enter my husband's info too. I finally found a tax program with the IRS that allows me to use the NRA box when it asks for his ssn-which he does not have. I may have messed up on the 2021 tax form already mailed in - filed single and not working or anything else to claim, didn't receive the 2021 stimulus though. We got married in April 2021 and I didn't move to Canada till November 2021. Any help is greatly appreciated! @xmasbaby0 just thought I'd send a tag out, you were so helpful with my last question! No worries if this is outside your scope.
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April 14, 2025
4:38 PM
You can pay IRS online at any time, except when their website is down for maintenance.
The easiest way to make payments is on the IRS website at Make a Payment. Make sure you are applying the p...
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You can pay IRS online at any time, except when their website is down for maintenance.
The easiest way to make payments is on the IRS website at Make a Payment. Make sure you are applying the payment to the correct year.
If you made full payment before filing the return, enter the payment in the Federal section under Deductions and Credits, Additional Payments under Estimated Tax Payments. Once you have entered all of your payments in the Federal section, then revisit the Form 2210.
In TurboTax Online:
Go to Deductions & Credits
Select Estimated Tax Payments
Click Start or Revisit next to Federal estimated taxes for 2024
Scroll down to Additional Payments
Enter the Date Paid and Amount Paid
@ellissr49
April 14, 2025
4:38 PM
April 14, 2025
4:38 PM
Topics:
April 14, 2025
4:37 PM
"You can't deduct expenses incurred by reselling StubHub tickets if you are filing as a hobbyist." Here is the problem with this statement: SeatGeek sends a 1099-K that includes what is deposited i...
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"You can't deduct expenses incurred by reselling StubHub tickets if you are filing as a hobbyist." Here is the problem with this statement: SeatGeek sends a 1099-K that includes what is deposited in the bank account of the seller by SeatGeek AND the fees that SeatGeek charges the seller per transaction. So the taxpayer filing as a hobbyist is expected to have the fees SeatGeek retained to be counted as income? Further, the taxpayer filing as a hobbyist is expected to have what the taxpayer paid for the tickets count as income? Where does TurboTax ask for the fees SeatGeek included in the 1099-K they provided to the seller? Where does TurboTax ask for the costs the taxpayer paid for the tickets? Thank you.
April 14, 2025
4:37 PM
Withdrawals of your Roth IRA basis (the amounts that you contributed to your Roth IRA) can be withdrawn at any time without taxes or penalties. Your 1099-R should have Distribution code - J in Box 7...
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Withdrawals of your Roth IRA basis (the amounts that you contributed to your Roth IRA) can be withdrawn at any time without taxes or penalties. Your 1099-R should have Distribution code - J in Box 7, which indicates "Early distribution from a Roth IRA, no known exception". Your answers to the questions TurboTax asks you after you enter or upload your 1099-R will determine whether or not your withdrawal is subject to tax and/or penalty. Review your 1099-R and make sure of the following:
Box 2a - Taxable Amount is blank
Box2b - Taxable Amount not determined is checked
You answer YES to "Did this money come from a Roth IRA"?
On the screen Enter Prior Year Roth IRA Contributions - Roth IRA Contributions prior to 2024 - The amount for contributions you enter must be at least as much as your withdrawal - $7,000.
You may need to delete your 1099-R in TurboTax and re-enter to access all of the questions.
April 14, 2025
4:37 PM
To enter, edit or delete a 6 digit IP PIN
Click on Federal Taxes (Personal using Home and Business) Click on Other Tax Situations Scroll down to Other Return Info On Identity Protection PIN, cli...
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To enter, edit or delete a 6 digit IP PIN
Click on Federal Taxes (Personal using Home and Business) Click on Other Tax Situations Scroll down to Other Return Info On Identity Protection PIN, click the start button
April 14, 2025
4:37 PM
Enter your IP Pin by using the steps in the link below.
Where do I enter my IP pin?
April 14, 2025
4:36 PM
The TurboTax software I bought at Costco required an updated Mac software version. Your packaging says nothing about what version of software is required. Then I get to the end of the return, and onl...
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The TurboTax software I bought at Costco required an updated Mac software version. Your packaging says nothing about what version of software is required. Then I get to the end of the return, and only then do I find out the exorbitant cost of the online version, which does not include the state returns. 139 + 64 + 64. There is no way out of the fees, which are a lot more than I have ever paid in the past. So, Turbo does not disclose up front. And then there are all kinds of messages like, just get it done, relieve yourself of the stress, use the refund to pay. I went to the online disclosure, and it explains that the cost of the return is contingent on the complexity of the return. I have had mostly good things to say about TurboTax - until now.
April 14, 2025
4:36 PM
I am using the Home and Business edition for 2024. I have noticed the same problem for the 2023 edition. On the "Your 2024 Income Summary" page, the 1099-INT amount for the prior year is drastic...
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I am using the Home and Business edition for 2024. I have noticed the same problem for the 2023 edition. On the "Your 2024 Income Summary" page, the 1099-INT amount for the prior year is drastically wrong (it is showing an amount about 10x of what was actually reported). I opened up last year's return to confirm. Not sure where it is getting this wrong information from. Any ideas?
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April 14, 2025
4:36 PM
VolvoGirl - so that's not right. In fact if I do it this way, it correctly works (the math adds up). I just am not sure if TT will correctly generate the form 1040 though. Here's what I did. I se...
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VolvoGirl - so that's not right. In fact if I do it this way, it correctly works (the math adds up). I just am not sure if TT will correctly generate the form 1040 though. Here's what I did. I separately added the employer contribution as a business expense (picked the Misc category - and labelled it as "Employer Contributions to Solo 401k"). That did work - and the math was correctly applied and my tax due changed.