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April 13, 2025
9:04 AM
April 13, 2025
9:04 AM
Thank you. The works was performed in Ohio. Sorry for the confusion. I was very concerned about sending a fed tax return different then we filed. (TT had the MFs return as part of the requ...
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Thank you. The works was performed in Ohio. Sorry for the confusion. I was very concerned about sending a fed tax return different then we filed. (TT had the MFs return as part of the required filings for Ohio). Also wanted to confirm MFs for Ohio applied if both were non residents.
April 13, 2025
9:04 AM
Topics:
April 13, 2025
9:04 AM
I have a multi-member LLC and one of the members has a SE-401(k) plan. The LLC made distributions throughout the year and the member made their own $30,500 contributions to their 401k ($23k + $7.5k c...
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I have a multi-member LLC and one of the members has a SE-401(k) plan. The LLC made distributions throughout the year and the member made their own $30,500 contributions to their 401k ($23k + $7.5k catch-up). The LLC also made a $5k contribution to their 401k (part of the "employer" contribution of up to 20% of net income). It was only $5k as the rest was contributed in 2025 as a 2024 contribution. Line 13 on the member's Schedule K-1 has an R for the $5k. But when adding that K-1 to the personal taxes, there's an issue on the Keogh, SEP and SIMPLE Contribution Worksheet because that $5k is showing up in line 6b, "Elective deferrals to an individual 401(k) plan" instead of where I would think it would go, line 6e, "Enter the total employer matching (profit sharing) contributions made to an individual 401(k) plan for 2024". Am I misunderstanding something here?
April 13, 2025
9:04 AM
wages only 39848 taxable income. turbo tax is sayin my tax liability is 6215, when it should be 4318. I confirmed on IRS, Turbotax (not logged in), and several other sites that in fact 4318 if th...
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wages only 39848 taxable income. turbo tax is sayin my tax liability is 6215, when it should be 4318. I confirmed on IRS, Turbotax (not logged in), and several other sites that in fact 4318 if the correct amount of tax liability. when i do my taxes it show tax liability at 6125.
April 13, 2025
9:03 AM
39848 taxable income. turbo tax is sayin my tax liability is 6215, when it should be 4318. I confirmed on IRS, Turbotax (not logged in), and several other sites that in fact 4318 if the correct amo...
See more...
39848 taxable income. turbo tax is sayin my tax liability is 6215, when it should be 4318. I confirmed on IRS, Turbotax (not logged in), and several other sites that in fact 4318 if the correct amount of tax liability. when i do my taxes it show tax liability at 6125.
April 13, 2025
9:03 AM
There is a $40 service charge from the third party processor to have the TurboTax account fees paid from the federal tax refund.
See this TurboTax support FAQ for how to remove the Pay with Refund ...
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There is a $40 service charge from the third party processor to have the TurboTax account fees paid from the federal tax refund.
See this TurboTax support FAQ for how to remove the Pay with Refund option - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/remove-pay-refund-fees-turbotax-online-change/L7UxC6ZZp_US_en_US?uid=m9fu3uqa
April 13, 2025
9:03 AM
Te sugiero que compre el programa para bajar en su computadora que se llama TurboTax Desktop Home and Business. Con ese programa puede completar todo lo que necesita y puede presentar hasta cinco de...
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Te sugiero que compre el programa para bajar en su computadora que se llama TurboTax Desktop Home and Business. Con ese programa puede completar todo lo que necesita y puede presentar hasta cinco declaraciones electrónicamente.
TURBOTAX DESKTOP HOME & BUSINESS 2024
April 13, 2025
9:03 AM
Yesterday one of my friends called me and that she was in trouble because she forgot to take RMD from one of two accounts. Is their way to reduce the penalty of 25% ? can family health crisis hel...
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Yesterday one of my friends called me and that she was in trouble because she forgot to take RMD from one of two accounts. Is their way to reduce the penalty of 25% ? can family health crisis help alleviate the problems she is facing? THanks
April 13, 2025
9:03 AM
April 13, 2025
9:02 AM
If your Tax Return was rejected due to an IP PIN, you should have received a letter from the IRS with the 6 digits Number, or you can create an account on the IRS website to retrieve it. Make sure th...
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If your Tax Return was rejected due to an IP PIN, you should have received a letter from the IRS with the 6 digits Number, or you can create an account on the IRS website to retrieve it. Make sure that you are entering it on the correct place
Get an identity protection PIN (IP PIN)
To enter the IP PIN
From your TurboTax main screen locate Unconmon Situations.
Select the sub-topic "Identity Protection PIN", and click START.
If your Tax Return keeps getting rejected because the IP PIN is wrong, you will need to mail your return.
April 13, 2025
9:02 AM
I am a US citizen but I live in Canada. How can I make TurboTax understand that I don't have to pay Social Security Tax? It looks like TurboTax just can't handle this scenario. I may have to get pape...
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I am a US citizen but I live in Canada. How can I make TurboTax understand that I don't have to pay Social Security Tax? It looks like TurboTax just can't handle this scenario. I may have to get paper forms, fill them out and mail them
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April 13, 2025
9:02 AM
Topics:
April 13, 2025
9:01 AM
Would I need the desktop version for this then ?
April 13, 2025
9:00 AM
Clicking on the "Jump to Cryptocurrency" link did not result in TurboTax re-asking the yes/no question on "did I sell or receive Digital Assets". I do not need to re-enter or add to any cryptocurren...
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Clicking on the "Jump to Cryptocurrency" link did not result in TurboTax re-asking the yes/no question on "did I sell or receive Digital Assets". I do not need to re-enter or add to any cryptocurrency investment entries. I just need to change my answer to the yes/no "Digital Assets" question in front page of Form 1040.
April 13, 2025
9:00 AM
When you enter your 1099-R from DFAS on the federal side, on the screen Where Is This Distribution From, click the button for Federal Retirement Benefits (Code 04E). On the next screen, select that t...
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When you enter your 1099-R from DFAS on the federal side, on the screen Where Is This Distribution From, click the button for Federal Retirement Benefits (Code 04E). On the next screen, select that this is From a Non-Qualified Plan, because Military retirement plans are considered Non-Qualified.
April 13, 2025
9:00 AM
1 Cheer
If you choose to file a joint return for Nebraska, you will have to both be treated as residents and report all income. You can choose to file a separate Nebraska return, but you will have to create...
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If you choose to file a joint return for Nebraska, you will have to both be treated as residents and report all income. You can choose to file a separate Nebraska return, but you will have to create a "mock" federal return. You would need to do this same with a separate New York return.
See How do I prepare a joint federal return and separate state.
April 13, 2025
9:00 AM
I'm filing married jointly and I have federal and state (CA) tax due. My spouse and I would like to use my spouse's checking account for payment so we had prepared the money in her account. This is h...
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I'm filing married jointly and I have federal and state (CA) tax due. My spouse and I would like to use my spouse's checking account for payment so we had prepared the money in her account. This is her individual account, not a joint account. Now that we're ready to file, we were going through the steps, and although we had put in the bank routing/account info, I see there was nowhere to put in the bank account holder's name. I saw posts online that bank may reject transactions if the name don't match with the information IRS provides when making the transaction. Does IRS give both my name and my spouse's name, and will the bank allow the withdrawal since it matches my spouse's name?
April 13, 2025
9:00 AM
What types of income have you entered on the tax return? Wages, Self-Employment, Interest, Dividends, Capital Gains, etc.?
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