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April 13, 2025
10:00 AM
No one knows?
April 13, 2025
10:00 AM
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April 13, 2025
10:00 AM
Depreciation of 6000 in personal/work vehicle in accident while working
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April 13, 2025
10:00 AM
The IRS probably has your Social Security number associated with a Form 1095-A by mistake. Contact the IRS to get this resolved.
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monda...
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The IRS probably has your Social Security number associated with a Form 1095-A by mistake. Contact the IRS to get this resolved.
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line. So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead. Then press 1 for "form, tax history, or payment". Then press 3 "for all other questions." Then press 2 "for all other questions." - When it asks you to enter your SSN or EIN to access your account information, don't enter anything. - After it asks twice, you will get another menu.
Press 2 for personal or individual tax questions. Then press 3 for all other inquiries It should then transfer you to an agent.
April 13, 2025
9:59 AM
Yes, a Form 1099-R is for a distribution from a retirement plan. Please see Where do I enter my 1099-R?
April 13, 2025
9:59 AM
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April 13, 2025
9:58 AM
It is free if it is used through your TurboTax return/account. See this TurboTax Help.
April 13, 2025
9:58 AM
In order to claim vehicle expenses like gas and oil or mileage, you need to add a vehicle to your business; here are the steps in TurboTax Online:
Navigate to Federal > Wages & Income > Self...
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In order to claim vehicle expenses like gas and oil or mileage, you need to add a vehicle to your business; here are the steps in TurboTax Online:
Navigate to Federal > Wages & Income > Self-employment income and expenses
Edit your business
Choose add expenses for this work
Choose Vehicle and Continue
Vehicle now appears in the list of expenses, choose the pencil icon to the right of vehicle expenses
Answer the interview questions about the vehicle, and enter the related expenses
April 13, 2025
9:58 AM
April 13, 2025
9:58 AM
We can't determine what may have changed in your tax return because we can't view your entries in this forum. TurboTax does have a product that will help you along the way while you are preparing yo...
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We can't determine what may have changed in your tax return because we can't view your entries in this forum. TurboTax does have a product that will help you along the way while you are preparing your taxes, called TurboTax Live. Refer to the TurboTax article How do I get TurboTax Live? for more information.
TurboTax can also have an expert prepare your taxes with TurboTax Live Full Service. Refer to the TurboTax Help article What is TurboTax Live Full Service? for more information.
April 13, 2025
9:57 AM
If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return. Click on Tax Tools on the left side of the pr...
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If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return. Click on Tax Tools on the left side of the program screen while working on the 2023 online tax return. Click on Clear & Start Over.
April 13, 2025
9:57 AM
A passive loss from a K-1 would be reported on a Form 8592.
April 13, 2025
9:57 AM
1 Cheer
You are welcome!
It depends when the $1,000 of traditional IRA was originally contributed. If it was prior to 2024, you can convert the money plus make the full contribution of $8,000 for 2024...
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You are welcome!
It depends when the $1,000 of traditional IRA was originally contributed. If it was prior to 2024, you can convert the money plus make the full contribution of $8,000 for 2024. No overfunding issue will be triggered.
If you contributed $1,000 to the traditional IRA in 2024 (doesn't matter that it was converted), then you can only contribute the remaining $7,000 (to either a traditional or Roth).
April 13, 2025
9:57 AM
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April 13, 2025
9:57 AM
Not really. Only you as the taxpayer are aware of changes to your income, withholdings, estimated tax payments, and other sources of income, just to name a few items. If you were to use a local acc...
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Not really. Only you as the taxpayer are aware of changes to your income, withholdings, estimated tax payments, and other sources of income, just to name a few items. If you were to use a local accountant, they may offer a review mid-year to make sure your tax payments and withholdings are still covering all of your income sources year to date, but that would depend upon their business operations and will vary.
To assist in the future, TurboTax does offer various calculators that will be updated shortly for the 2025 tax year. Please see our tax tools page for all of the calculators that can be used based upon your specific tax items.
@sean6
April 13, 2025
9:56 AM
How do I delete this filing as I have filed else where?
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April 13, 2025
9:56 AM
do you have self-employment income? there can be additional 15% in taxes on that income.
April 13, 2025
9:55 AM
Q. Can I elect not to claim him as a dependent.
A. No. Only if he does not qualify as your dependent, can he claim the refundable credit. He will only get the $1000 refundable portion You need ...
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Q. Can I elect not to claim him as a dependent.
A. No. Only if he does not qualify as your dependent, can he claim the refundable credit. He will only get the $1000 refundable portion You need to do the calculation on how long he was a Full time student. Dropping out, even late usually means he was a student for less than 5 months. So, if it was spring semester and he was still in school any part of May, he meets the 5 month rule. For the fall, any part of Aug & Dec. means he meets the rule.
If he doesn't meet the rule, then he can't be a dependent and he can so state that on his return and claim the credit. If he meets the five month rule, then, you can elect to not claim him, but it won't work. He doesn't have enough income. While technically there is a provision that allows your student-dependent to claim a federal tuition credit, from a practical matter it seldom works out. A full time student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit (AOTC) if he/she supports himself by working. She cannot be supporting herself on student loans & grants and 529 plans and parental support. It is usually best if the parent claims that credit. If the student actually has a tax liability, there is a provision to allow him to claim a non-refundable tuition credit. But then the parent must forgo claiming the student as a dependent, and the $500 other dependent credit. The student must still indicate that he can be claimed as a dependent, on his return.
Q. He has decided to enlist in the military in 2025 so this is really the only year he will be eligible for the AOTC based on what I read?
A. There is no age cut off, he'll eligible while in and after military service. Yo may not want to use up one of the four allowable claims on $1000 now if it'll be worth $2500 four times in the future