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April 15, 2025
8:13 AM
Per the IRS Instructions for Schedule K-1 List of Codes and References Used in Schedule K-1 (Form 1065), Box 20 Code AJ is used for Excess business loss limitation.
However, some partnerships ...
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Per the IRS Instructions for Schedule K-1 List of Codes and References Used in Schedule K-1 (Form 1065), Box 20 Code AJ is used for Excess business loss limitation.
However, some partnerships choose to use this code to report Aggregate Business Activity Gross Income and Aggregate Business Activity Total Deductions, which together total Excess Business Losses for Form 461.
This information is relevant only if your net losses from all businesses are more than $305,000 ($610,000 if filing a joint return). If this doesn't apply to you, you can leave Box 20 Code AJ blank (or do not include this code).
See also: IRS Instructions for Form 461 - Limitations on Business Losses
April 15, 2025
8:13 AM
Filing 2024 fed tax return today paying an underpayment penalty using 4 equal quarters in part III of Form 2210. Can I later amend 2024 fed tax return to refigure underpayment penalty using annua...
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Filing 2024 fed tax return today paying an underpayment penalty using 4 equal quarters in part III of Form 2210. Can I later amend 2024 fed tax return to refigure underpayment penalty using annualized income installment method in Schedule AI of Form 2210 since a good portion of AGI occurred in 4th quarter? Using TurboTax Deluxe desktop
The program will handle the scholarship income, you do not need to add it again as misc/ other income since the 1098-T is being entered.
You took the $4k in tuition on your return for the AOTC ...
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The program will handle the scholarship income, you do not need to add it again as misc/ other income since the 1098-T is being entered.
You took the $4k in tuition on your return for the AOTC and everything else goes on the child's taxes.
For example: Box 1 $20k, Box 5 $30k
Parent takes $4k from box 1 for their return.
Student enters 1098-T box 1 $16k, box 5 $30k. All scholarships required for tuition are used along with other to cover box 1 and the rest goes to room and board. This gives the student $14k of taxable income.
April 15, 2025
8:13 AM
The 1040ES vouchers are optional. If you expect to owe at least $1000 next year then using those vouchers to make estimated quarterly payments during 2025 can help you avoid a big tax bill and/or a...
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The 1040ES vouchers are optional. If you expect to owe at least $1000 next year then using those vouchers to make estimated quarterly payments during 2025 can help you avoid a big tax bill and/or an underpayment penalty at tax time for 2025. You do not have to use them if you choose not to.
April 15, 2025
8:13 AM
April 15, 2025
8:12 AM
April 15, 2025
8:12 AM
Form 43 is Idaho's main tax form for part-year residents and non-residents.
Evidently, TurboTax has interpreted your input to check more than one resident box near the top. You can be only one ...
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Form 43 is Idaho's main tax form for part-year residents and non-residents.
Evidently, TurboTax has interpreted your input to check more than one resident box near the top. You can be only one of
Resident
Idaho resident on active military duty
Non-resident
Part-year resident
Military non-resident
Tell us which one of the above you are, and we'll work on your issue.
April 15, 2025
8:12 AM
Help. Talk to real person
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April 15, 2025
8:12 AM
You'll need to contact TurboTax support. Here's how to contact TurboTax.
@stephdamico170
April 15, 2025
8:12 AM
Did you buy the Desktop program? Where did you buy it? Where to find the License Code https://ttlc.intuit.com/community/tax-topics/help/i-can-t-find-my-license-code/01/852973 How to get start...
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Did you buy the Desktop program? Where did you buy it? Where to find the License Code https://ttlc.intuit.com/community/tax-topics/help/i-can-t-find-my-license-code/01/852973 How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US?uid=luqgvzrd
April 15, 2025
8:12 AM
If you had an error in the filling process, please provide the type of error
If there was an error in your return that prevented filling do the Federal Review
I suggest you run Federal Review
...
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If you had an error in the filling process, please provide the type of error
If there was an error in your return that prevented filling do the Federal Review
I suggest you run Federal Review
Located under Federal on the left sidebar.
This will review what you've posted so far, and identify problem areas.
You can enter corrections directly from fere.
April 15, 2025
8:11 AM
Do you have an HSA?
If yes, did you enter Form 1099-SA reporting the account balance?
April 15, 2025
8:11 AM
If this is one-time income, you may wish to enter Form 1099-NEC as income that is not for self-employment.
Open your return and go to Federal >> Wages & Income >> Other Common Income >> Income ...
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If this is one-time income, you may wish to enter Form 1099-NEC as income that is not for self-employment.
Open your return and go to Federal >> Wages & Income >> Other Common Income >> Income from Form 1099-NEC. Click Start/Update.
Or go to Tax Tools >> Tools >> Topic Search. Enter 1099-nec then click Go.
On the screen Did you get a 1099-NEC?, click on Yes
On the screen Do You Want to Enter Your 1099-NECs Now?, click on Add a 1099-NEC
On the screen Let's get the info from your 1099-NEC, enter your information and click Continue
On the screen Describe the reason for this 1099-NEC, enter a reason and click Continue
On the screen Does one of these uncommon situations apply? Select This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby and click Continue.
These entries will report the income on Schedule 1 Line 8z Other Income. The total from Schedule 1 Line 10 flows to Form 1040 Line 8 as ordinary income.
See also: Does a 1099-NEC or 1099-MISC mean that I'm self-employed?
April 15, 2025
8:11 AM
Once you are sure you don't need this form, you can delete it.
If you are using:
TurboTax Online: see How do I view and delete forms in TurboTax Online?
TurboTax Desktop:
On th...
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Once you are sure you don't need this form, you can delete it.
If you are using:
TurboTax Online: see How do I view and delete forms in TurboTax Online?
TurboTax Desktop:
On the top right, there is a FORMS button.
Click on FORMS.
Locate the form you want to delete.
Click on the form name.
Below the form, bottom left, select DELETE FORM button.
April 15, 2025
8:10 AM
I should have been more clear. All other institutions imported as expected. Using Premier download on a PC, windows 11. Because all other institutions imported the failure was surprising.
April 15, 2025
8:10 AM
If you imported one of your w-2s, please delete that w-2 and manually enter it.
How to delete forms in TurboTax Online
How to delete forms in TurboTax Desktop
How do I manually e...
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If you imported one of your w-2s, please delete that w-2 and manually enter it.
How to delete forms in TurboTax Online
How to delete forms in TurboTax Desktop
How do I manually enter my W-2?
April 15, 2025
8:10 AM
@AnnetteB6 I requested a refund for the software due to this issue, however I have not received a refund. Can you look into this for me. The case was approved and is now closed.
April 15, 2025
8:10 AM
If you have not registered, paid or e-filed you can clear and start over.
CLEAR AND START OVER
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-tur...
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If you have not registered, paid or e-filed you can clear and start over.
CLEAR AND START OVER
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-turbotax-online/L37BZFuBV_US_en_US?uid=m6b26ost
April 15, 2025
8:09 AM
Yes. Here are a few steps that might help resolve the issue:
Uncheck the "Sold or Disposed of This Property" Box: In the rental section, make sure you do not check the box that says you sold...
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Yes. Here are a few steps that might help resolve the issue:
Uncheck the "Sold or Disposed of This Property" Box: In the rental section, make sure you do not check the box that says you sold or disposed of the property. Instead, report the sale under the rental asset section.
Delete the Home Sale Worksheet: If the software is still linking the sale incorrectly, go to Tax Tools > Tools > Delete a Form and remove the Home Sale Worksheet from your return. if in the software, go to the forms mode and delete the sale from there.
Ensure Proper Reporting of the Sale: The sale should be reported under the rental asset section, not as a personal home sale. When entering the sale, make sure to answer "No" to Special Handling and follow the prompts to correctly allocate depreciation and capital gains.
April 15, 2025
8:09 AM
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