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April 15, 2025
8:18 AM
Topics:
April 15, 2025
8:18 AM
Topics:
April 15, 2025
8:18 AM
For IRS Schedule K-1 (1065), at the screen Enter Box 20 info, select code Z Section 199A information. A value does not have to be entered.
Then click Continue.
At the screen We need some...
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For IRS Schedule K-1 (1065), at the screen Enter Box 20 info, select code Z Section 199A information. A value does not have to be entered.
Then click Continue.
At the screen We need some information about your 199A income, click the box to the left of the item to be entered. An entry box will open.
The preparer of the K-1 and attachments will provide the information to enter. You may be entering:
Ordinary business income (loss) from this business,
W-2 wages for this business, and
UBIA of qualified property for this business.
Enter these values for the qualified business income deduction to be calculated.
April 15, 2025
8:18 AM
I'm not sure of what state or what this form is for, but you can delete it.
On the menu in the sidebar on the left.
Select Tax Tools
You may have to minimize both the Fed...
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I'm not sure of what state or what this form is for, but you can delete it.
On the menu in the sidebar on the left.
Select Tax Tools
You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
You will then clearly see Tax Tools
Click the arrow to up to see additional options
On the drop-down select Tools
On the Pop-Up menu select Delete a Form
This will give you all of the forms in your return
Scroll down past federal to the State forms
Select the 322 form
Click on Delete.
April 15, 2025
8:18 AM
Follow these steps to downgrade to a different TurboTax Online product:
Open your return if you haven't already.
In the left menu, select Switch Products.
Select Downgrade.
April 15, 2025
8:18 AM
It depends. An LLC that has filed an S-Corp election must file Form 1120S for S-Corps, whether it has taxable income or not. You will need TurboTax Business to prepare this business tax return, which...
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It depends. An LLC that has filed an S-Corp election must file Form 1120S for S-Corps, whether it has taxable income or not. You will need TurboTax Business to prepare this business tax return, which was due March 15.
If however, you have a single-member LLC that would be a considered "disregarded" by the IRS that would report on Schedule C of your personal Form 1040 return, you are not required to include Schedule C if you had no income or expenses. You may wish to include Schedule C to mark it as final in the year the LLC dissolves.
April 15, 2025
8:18 AM
I entered the form using SSN instead of EIN and the software would still not let me progress. I deleted and re-entered the form and it went through. Thank you!
April 15, 2025
8:17 AM
Can I scan everything and send it to you? I have to go back to work.
April 15, 2025
8:17 AM
Yes, you are now a resident alien for tax filing purposes. If you have no income to report for 2024, you do not have a filing requirement.
April 15, 2025
8:16 AM
Topics:
April 15, 2025
8:16 AM
K-1 box 20 ?
Topics:
April 15, 2025
8:16 AM
Intuit is the worst when it comes to support....
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April 15, 2025
8:16 AM
April 15, 2025
8:15 AM
You can't have an amount from 2024 applied to an amended 2022 return. Can you clarify your question?
April 15, 2025
8:15 AM
Thank you for the well thought out response. I agree with the information you provided and appreciate the additional detail (which I did not know). From what you stated, we appear to be in agreemen...
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Thank you for the well thought out response. I agree with the information you provided and appreciate the additional detail (which I did not know). From what you stated, we appear to be in agreement. The issue is that the Turbo Tax software is not allowing me to file due to a perceived error, I have tried entering 0 in block 2a and that did not process. During the "Final Review" the software is detecting an error and is requiring me to enter RMD amount, which increases the tax. This is occurring during all the review processes. Since there does not appear to be a solution, I think my only option is to file without including that 1099-R. I hold out the possibility that I may be missing a button or a step, or perhaps need an additional form, but there does not appear to be an immediate solution via the current Turbo Tax software options provided.
April 15, 2025
8:15 AM
Audit Defense charge screen says credit card failed, then says welcome to audit defense. Then says save, which leads to a screen that says "we restored everything, but you still need to load a state...
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Audit Defense charge screen says credit card failed, then says welcome to audit defense. Then says save, which leads to a screen that says "we restored everything, but you still need to load a state " What just happened ? Do I have defense or not? Did I just lose my return ? PC download version, Windows 11.
April 15, 2025
8:15 AM
No. There is no online TurboTax Business except for Live Assisted or Full Service TurboTax Business. There is no online "do-it-yourself" version of TT Business. If you used TT Business why are y...
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No. There is no online TurboTax Business except for Live Assisted or Full Service TurboTax Business. There is no online "do-it-yourself" version of TT Business. If you used TT Business why are you not just using your desktop download to amend?
April 15, 2025
8:15 AM
You would report the 1099 as self-employed income in the wages and income section of your return. The W2 is reported in the income and wages section and has its own separate heading.
...
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You would report the 1099 as self-employed income in the wages and income section of your return. The W2 is reported in the income and wages section and has its own separate heading.
April 15, 2025
8:15 AM
Living in Missouri and working in Kansas, I did not know that we had to file the Kansas one first so that it pulled the credit to the Missouri taxes. Is there anyway to check to see if this occurred...
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Living in Missouri and working in Kansas, I did not know that we had to file the Kansas one first so that it pulled the credit to the Missouri taxes. Is there anyway to check to see if this occurred? thank you
April 15, 2025
8:14 AM
If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact T...
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If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact TurboTax?
Refer to the TurboTax article What's the TurboTax phone number? for contact info.