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April 14, 2025
8:19 PM
I had this too, in TurboTax 2024 desktop on Mac. For me it was: 1. Asked for signature date, put it in 2. TurboTax says it's invalid, and I need to correct. I try just clicking continue, since i...
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I had this too, in TurboTax 2024 desktop on Mac. For me it was: 1. Asked for signature date, put it in 2. TurboTax says it's invalid, and I need to correct. I try just clicking continue, since it's already in the required range. 3. TurboTax still says it's invalid. I click continue a second time, and this time it's accepted. I didn't change the date in the field at all, I just clicked continue twice and it worked the second time.
April 14, 2025
8:19 PM
To start/use the TurboTax Online Free Edition, go HERE and click on the blue Start For Free box.
When using TurboTax Online, the version of the program you need is based on the forms required f...
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To start/use the TurboTax Online Free Edition, go HERE and click on the blue Start For Free box.
When using TurboTax Online, the version of the program you need is based on the forms required for your tax return.
Please go here for a comparison of the TurboTax Online Products and what forms are included with each: TurboTax Online Product Comparison
April 14, 2025
8:19 PM
April 14, 2025
8:18 PM
Are you asking about a tax penalty on 1040 line 38? It is not about 2023 or not paying estimates. And the penalty is just an estimate so it is possible for the IRS to recalculate it and send you a re...
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Are you asking about a tax penalty on 1040 line 38? It is not about 2023 or not paying estimates. And the penalty is just an estimate so it is possible for the IRS to recalculate it and send you a refund or a bill for more. If you do not pay in enough tax from withholding and estimates, you may have to pay a penalty for underpayment of estimated tax. The penalty is an Estimated amount. Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. It is included in your tax due or reduces your refund. Have you filed yet? If you get a penalty on 1040 line 38, you might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210. How to add form 2210 for Underpayment Penalty https://ttlc.intuit.com/community/tax-payments/help/how-do-i-add-form-2210/00/25703 It's under Federal or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button
April 14, 2025
8:18 PM
Topics:
April 14, 2025
8:18 PM
1: When entering the cost of the water heater it says to include Labor. What can I put for Labor when I had to install the unit myself ? Do I just use the labor rates from the outrageous quotes I had...
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1: When entering the cost of the water heater it says to include Labor. What can I put for Labor when I had to install the unit myself ? Do I just use the labor rates from the outrageous quotes I had received? 2: The water heater is also for my house heating - is there any way I can get a second credit for this unit?
April 14, 2025
8:18 PM
Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D). If you have a net capital loss, you can deduct up to $3,000 per year as a capital l...
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Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D). If you have a net capital loss, you can deduct up to $3,000 per year as a capital loss. Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is used up. How is a capital gain or loss calculated? You can't choose which tax years to apply your carryover to. Carryovers from this year's return must be applied to next year's.
April 14, 2025
8:17 PM
No one can call you from the user forum. We do not make calls.
We cannot see your tax return or any of your information. If you want an expert to review your return before you e-file it, you...
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No one can call you from the user forum. We do not make calls.
We cannot see your tax return or any of your information. If you want an expert to review your return before you e-file it, you can upgrade and pay for that service with Live Assisted or if you used desktop software you can pay $60 for an expert's help.
LIVE ASSISTED
https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm
LIVE ADVICE FOR USERS OF DESKTOP DOWNLOAD SOFTWARE
https://ttlc.intuit.com/turbotax-support/en-us/help-article/experts-advice/turbotax-desktop-live-tax-advice/L2nvxpA4W_US_en_US?uid=m4ga4r7u
April 14, 2025
8:17 PM
Great news 🙂 The Title Company finally submitted a Corrected 1099-S showing $0 for Gross proceeds (Box 2) to the IRS. Just checked my 2023 IRS Wage and Income Data sheet and it shows both th...
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Great news 🙂 The Title Company finally submitted a Corrected 1099-S showing $0 for Gross proceeds (Box 2) to the IRS. Just checked my 2023 IRS Wage and Income Data sheet and it shows both the original 1099-S with $55,000 for Gross Proceeds and the Corrected 1099-S with $0 for Gross proceeds. I think I'm good to go! I can finally complete my 2023 Tax forms... Though I'm not quite sure if I should include both 1099-S forms in my 1040 form or just the Corrected 1099-S since the second 1099-S (corrected one) is practically overriding the original 1099-S for $55,000. I could use some help 🙂 Thanks
No, that is not eligible for a federal tax credit, but you can use 529 funds towards private school tuition.
This article provides some more information: Tax Tips When Sending Kids to Private o...
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No, that is not eligible for a federal tax credit, but you can use 529 funds towards private school tuition.
This article provides some more information: Tax Tips When Sending Kids to Private or Public Schools
April 14, 2025
8:17 PM
Why do I have a penalty when I have already paid more in taxes than were due for entire previous year?
Topics:
April 14, 2025
8:17 PM
Sorry no one can call you. Do you have any specific questions? What version did you use? If you used a paid version you can call support. How to contact Turbo Tax https://ttlc.intuit.com/co...
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Sorry no one can call you. Do you have any specific questions? What version did you use? If you used a paid version you can call support. How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991 If you efiled was it Accepted? When you efile you get back 2 emails. The first email only confirms the transmission. The second email says if the IRS (or state) Accepted or Rejected your efile. Check back though your emails and spam/junk folder. When you log into your account you should also see the status and if it was Accepted or Rejected, Started, Printed, Ready to Mail, etc. What does it say?
April 14, 2025
8:15 PM
Please see this TurboTax Help Article: How do I remove Pay With My Refund fees and change my payment method?
April 14, 2025
8:15 PM
Filed my return and I owe tomorrow is when my acct will be debited the amount owed but I don't have enough in my acct . Can I get a 10 grace period in order to pay without prnalty
Topics:
April 14, 2025
8:15 PM
Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference m...
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Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference may need to be reported as taxable income. My question is about how to handle this in TurboTax. It asks me two things: “This is not what (me) paid to this school.” I’m not sure whether I should check this box, since I didn’t pay out of pocket—everything is managed by the university, and I only receive a payslip. When I check that box, it then asks me to “Enter the full amount of tuition paid to Georgetown University. Include all amounts paid by me, someone else, scholarships, fellowships, and student loans.” I’m not sure if this is the right step or what amount I should enter there. I’d really appreciate your help in clarifying this! Thank you.
April 14, 2025
8:15 PM
April 14, 2025
8:15 PM
I've paid myself modestly this year but was working fulltime. I paid a nanny and want to benefit from the child care credit but TurboTax is saying I do not have earned income.
April 14, 2025
8:15 PM
Here are the steps in TurboTax Online:
Navigate to Federal > Wages & Income > Self-employment income and expenses
Edit your business
Choose the pencil to edit Vehicle category, then c...
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Here are the steps in TurboTax Online:
Navigate to Federal > Wages & Income > Self-employment income and expenses
Edit your business
Choose the pencil to edit Vehicle category, then choose to edit the vehicle in the Vehicle Summary
Continue through the interview until you are asked about mileage, and edit the answers you want to change.
April 14, 2025
8:15 PM
My issue is that the software is showing the Gross Income limit as a negative number??? I saw other posts that said the software was using the wrong data source and a patch was pending. I ho...
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My issue is that the software is showing the Gross Income limit as a negative number??? I saw other posts that said the software was using the wrong data source and a patch was pending. I hope it gets fixed soon.
April 14, 2025
8:15 PM
The tax payments worksheet can be done anytime, and updated quarterly as your income changes (grows!!). Can also go to NY State's website and set up your Estimated payments for 4/15, 6/15, 9/15 (and...
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The tax payments worksheet can be done anytime, and updated quarterly as your income changes (grows!!). Can also go to NY State's website and set up your Estimated payments for 4/15, 6/15, 9/15 (and before any weekends) and hopefully have your 2025 taxes paid off by then September so you avoid late fees and have money left for the Holidays. The Jan 15th one should just a review and minor adjustment. Overpaying and rolling it over to the next year is also how one avoids stress and late payment fees.