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Remember that you can make one entry for the totals of your 1099-DIV/INT's.   For 1099-B, here's How to Enter a Summary in Lieu of Individual Transactions.   @bclee 
Once again - true to form. Ran all the Smart Checks and ready to file. Then at filing "we need a little more information" and had to dig out a 1099 for the 1099-NEC Worksheet, and find the answer to ... See more...
Once again - true to form. Ran all the Smart Checks and ready to file. Then at filing "we need a little more information" and had to dig out a 1099 for the 1099-NEC Worksheet, and find the answer to Box 6 on Line 1.   WHY doesn't this stuff get caught during the Smart Check process? This happens every year (and I complain every year).  Plus, I had already entered this when I was doing all the input.   Yes, I was able to file. But I want to keep posting when this happens in hopes that someday, it won't happen.
Thank you @MarilynG1 for a quick response!
Hi,  I am trying to use Turbotax Business and unable to figure out how to account for and file taxes for the situation below:   1. LLC A was formed as a single member LLC. This LLC A got a contrac... See more...
Hi,  I am trying to use Turbotax Business and unable to figure out how to account for and file taxes for the situation below:   1. LLC A was formed as a single member LLC. This LLC A got a contract to buy a real estate property. 2. LLC B paid $2000 to the single member of LLC A for their ownership in LLC A. That is - we (LLC B) spent $2000 to become sole member of the LLC A 3. And then the property (Single Family House) was purchased with LLC A as the purchaser at the closing time. 4. LLC A transferred the interest in the purchased property to LLC B effectively making LLC B the owner of the property while LLC B continues to be a member of LLC A. 5. The property was acquired by LLC B from LLC A for flipping or rental. After purchase and transfer of property to LLC B, LLC B invested capital to refurbish and renovate but the property neither got sold or rented in 2024.    How to file taxes via Turbotax business for LLC A and LLC B. LLC B most likely be reported on Schedule C but I am not clear about tax filing for LLC A - original LLC that bought the property but now does not dierctly own the property.   Thanks for help.
Here's some more info on self employment.  You will owe self employment tax on it.     Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from ... See more...
Here's some more info on self employment.  You will owe self employment tax on it.     Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire.  The SE tax is already included in your tax due or reduced your refund. The SE tax is in addition to your regular income tax on the net profit.   Here is some IRS reading material…… IRS information on Self Employment https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center IRS Guide to Business Expense Resources https://www.irs.gov/forms-pubs/guide-to-business-expense-resources Turbo Tax Self Employed Tax Hub https://turbotax.intuit.com/personal-taxes/self-employment-taxes  
In the Review page, Turbo gives me the deduction breakdown, which says "You took the Standard Deduction of $14,600. Your total deductions were $17,693, which includes an IRA deduction of $3,093 and a ... See more...
In the Review page, Turbo gives me the deduction breakdown, which says "You took the Standard Deduction of $14,600. Your total deductions were $17,693, which includes an IRA deduction of $3,093 and a state and local tax deduction of $981." Why does not the math add up? My total deduction should be 14,600 + 3,093 + 981 = 18,674, isn't it?
or pay electronically. I had read that if I put 0 for a previous years AGI it would then let me file electronically.
As posted above, did you turn off your anti-virus programs?  Many people successfully import from Schwab after doing this.      Since we can't know your individual system configuration, it's very... See more...
As posted above, did you turn off your anti-virus programs?  Many people successfully import from Schwab after doing this.      Since we can't know your individual system configuration, it's very difficult to determine why Schwab won't import for you.   Are you running as administrator on C drive? Third party data sharing is enabled in your Schwab account?  Here's how to do a Manual Update.   Remember you can make one entry for your total 1099-DIV/INT amounts, which may actually be easier.   For 1099-B transactions, here's How to Enter a Summary in Lieu of Individual Transactions.   @ChrisAck 
While working in OH last year the payroll company also taxed me in my home state of SC.  Since travel days were the only work considered as SC income my resulting W-2 has my SC income at 1/3 of the i... See more...
While working in OH last year the payroll company also taxed me in my home state of SC.  Since travel days were the only work considered as SC income my resulting W-2 has my SC income at 1/3 of the income tax paid to SC. Because of this Turbo Tax is telling me I have to file by mail, but since I have to file in 5 states and also file a Sch C, I would prefer not to mail in my returns.  Does anyone know a work around to allow me to efile?     I have double checked this against my pay stubs and this info is correct.   Thanks!  
eFile requires an AGI.  This is my 1st year filing jointly with my spouse.  Her parents filed her as a dependent last year and she did not had any income.   What shall I use for last Year's AGI to ... See more...
eFile requires an AGI.  This is my 1st year filing jointly with my spouse.  Her parents filed her as a dependent last year and she did not had any income.   What shall I use for last Year's AGI to be able to efile.
You were paid as an independent contractor.  That is self employment income.  You have business income.  You need to fill out schedule C and can enter your expenses.  You can enter each 1099NEC or ju... See more...
You were paid as an independent contractor.  That is self employment income.  You have business income.  You need to fill out schedule C and can enter your expenses.  You can enter each 1099NEC or just enter the total as Other self employment income or as Cash or General income.     You can enter Schedule C for Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to Premium version. Or use any of the Desktop Download programs. You can buy the Desktop Download program here, https://turbotax.intuit.com/personal-taxes/cd-download How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653 Where to enter business expenses https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/01/27109
@DaveF1006  or @dmertz   Anyone...please help. I'm at a loss trying to figure this out. We sold a Traditional IRA and closed the account in 2024. No contributions made. 1099-R Box 2a has the "Taxable... See more...
@DaveF1006  or @dmertz   Anyone...please help. I'm at a loss trying to figure this out. We sold a Traditional IRA and closed the account in 2024. No contributions made. 1099-R Box 2a has the "Taxable Amount" wrong (so I don't want to pay extra tax on money that was ours--part of the actual Basis.)   I'm at a loss trying to figure out how to get that basis number corrected. I know I can't change the 1099-R, but cannot find any worksheets or forms available to me. In searching TurboTax, Form 8606 came up, but I don't have access to it and it looks like more for a backdoor roth on contributions.     I really need guidance please.  I don't usually wait until the last minute, but mother died recently and still need to do her taxes also after I figure this out. Can't afford to extend with a wedding in a few weeks and mom's estate to deal with either.  Online you both sound like you know what you're doing! Guidance please. 
Hello @Hal_Al , We are in the same situation with an undergraduate child receiving income from a summer research fellowship on a 1099-MISC.   I followed these steps and it correctly allocated the inc... See more...
Hello @Hal_Al , We are in the same situation with an undergraduate child receiving income from a summer research fellowship on a 1099-MISC.   I followed these steps and it correctly allocated the income to line 8r of Schedule 1, instead of the dreaded line 8z.  Thanks for the helpful advice.   One twist for us is that the income was received from a DIFFERENT university from the one she attends as an undergraduate, and it's in a different state too.   Furthermore, she has a 1098-T from her primary university (and a 1099-Q).   Normally we don't enter those.   Do we need to enter either or both of those to use this technique?
Delete the 1099-R that you have entered.     THEN- Select the Federal Taxes tab (this is Personal Info in TurboTax Home & Business), then Deductions & Credits. Select I'll choose what I w... See more...
Delete the 1099-R that you have entered.     THEN- Select the Federal Taxes tab (this is Personal Info in TurboTax Home & Business), then Deductions & Credits. Select I'll choose what I work on. On the list of sections, locate Retirement & Investments. Then select Start or Update next to Traditional & Roth IRA Contributions. Check the box for Traditional IRA and Continue. Answer Yes to Did you contribute to a traditional IRA? Answer No to Is This a Repayment of a Retirement Distribution? On the Tell Us How Much You Contributed screen, enter the amount contributed and Continue. Answer No on the screen Did You Change Your Mind?, then answer the questions on the following screens. When you reach the Choose Not to Deduct IRA Contributions screen, select Yes, make part of my IRA contribution nondeductible, enter the amount you contributed, then select Continue. Note: If none of your contribution can be deducted, you will not see the option to make part of it nondeductible. Instead, you will see the message Income Too High To Deduct an IRA Contribution, and the full amount of your contribution will automatically be nondeductible. Step 2: Enter the Conversion from a Traditional IRA to a Roth IRA Select Wages & Income, then I'll choose what I work on. In the list of sections, locate Retirement Plans and Social Security, then select Start or Update next to IRA, 401(k), Pension Plan Withdrawals (1099-R). Answer Yes to Did you have any of these types of income in 2024? and Continue. If you land on the Your 1099-R Entries screen instead, select Add another 1099-R. Select how you want to enter your 1099-R (import or type it in yourself) and follow the instructions. Answer No to Did You Inherit This IRA? Select None of this distribution was transferred to charity. Select I moved the money to another retirement account (or returned it to the same retirement account) on the What Did You Do With The Money From This Payer? screen. Select I did a combination of rolling over, converting, or cashing out the money. Then, enter the full amount in the box next to Amount converted to a Roth IRA account and Continue. Continue answering questions until you come to the screen Your 1099-R Entries. To check the results of your backdoor Roth IRA conversion, see your Form 1040: Select Forms from the menu. Select Form 1040 from the menu. Use the scroll bar to find: Line 4a IRA Distributions. Your backdoor Roth IRA amount should be listed. Line 4b Taxable amount should be zero, unless you had earnings between the time you contributed to your Traditional IRA and the time you converted it to a Roth IRA. Select Schedule 1 from the menu if Schedule 1 appears in the list of forms. Line 20 IRA deduction should be blank. To return to where you left off in TurboTax, select EasyStep from the menu at the top of the screen.
Thank you!! This worked. 
After entering spouse income (less that mine), still there is some amount as taxable income. $5K is just half (even less) of a year's childcare expense as we all know and the overage paid is post tax ... See more...
After entering spouse income (less that mine), still there is some amount as taxable income. $5K is just half (even less) of a year's childcare expense as we all know and the overage paid is post tax money. Why is there still amount shown as taxable income on 1040 taken from 2441 line 26?
I have the same problem, and the "PRETAX" option doesn't exist. Work in NYC, live in NJ.
Darn, @CatinaT1 : I already printed and mailed it in. But thanks for the workaround.