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April 13, 2025
12:47 PM
On the screen Here's what we have for your 1095-As at the bottom left corner of the box showing the policy that was already entered click on link labeled Add another
April 13, 2025
12:46 PM
Curious when Intuit will realize charging the filing fee for states is a major lost revenue oppty. I will NEVER pay a filing fee to save me state processing costs. So instead of nickel and diming t...
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Curious when Intuit will realize charging the filing fee for states is a major lost revenue oppty. I will NEVER pay a filing fee to save me state processing costs. So instead of nickel and diming the customers, Intuit should be selling to the states to cover these costs/fees to save the states money and improve their customer (us!) satisfaction with this product. First tax software company to do this will own the market !!!!!!!
April 13, 2025
12:46 PM
For self employed people: Gross income-expense= net profit Earned income=netprofit- self employment tax/2 The employee contribution limit for one-participant 401(k) plans in 2024 is $23,000. The...
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For self employed people: Gross income-expense= net profit Earned income=netprofit- self employment tax/2 The employee contribution limit for one-participant 401(k) plans in 2024 is $23,000. The limit for employer contributions is up to 25% of compensation. Because I am self-employed, I can contribute both as the employer and the employee. My question is: What is the maximum amount I can contribute to a Solo 401(k)? Is the limit for the employee portion less than or equal to my earned income assuming it's less than or equal to 23,000? What is the limit for employer portion is it 25% of net profit or 25% of gross income? Thanks in advance for helping me with this.
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April 13, 2025
12:46 PM
Trying to file for my son who has one job and is a full time student. He did not file 2023 and it is now time for 2024. Can i file both at the same time?
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April 13, 2025
12:45 PM
This is an ULIP. Premium paid for 5 years and the policy matured after 10 years with a payout.
April 13, 2025
12:45 PM
My daughter filed her return without indicating parent can claim her as dependent. (She is going to file amendment. ) If I efile my return without claiming my daughter as dependent now and wait for ...
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My daughter filed her return without indicating parent can claim her as dependent. (She is going to file amendment. ) If I efile my return without claiming my daughter as dependent now and wait for several months and amend my return to add my daughter as dependent and efile my amendment. Will that work? Regards
April 13, 2025
12:45 PM
Never mind
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April 13, 2025
12:44 PM
I paid real estate taxes on my deceased parents home in 2024 while the estate was in probate. I inherited the house in 2025 when probate was completed. Can I deduct the property taxes I paid while th...
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I paid real estate taxes on my deceased parents home in 2024 while the estate was in probate. I inherited the house in 2025 when probate was completed. Can I deduct the property taxes I paid while the house was still in probate?
April 13, 2025
12:44 PM
1 Cheer
Is there an error on a W-2? Do you have a W-2 that reports income to North Carolina in boxes 15 through 17?
April 13, 2025
12:44 PM
Combine them into one form.
April 13, 2025
12:43 PM
Multiply amount in Box 1 by .30 (which is 30%). That means 30% of your dividend comes from US Government sources. There may be a list of securities invested in by that particular fund with your 109...
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Multiply amount in Box 1 by .30 (which is 30%). That means 30% of your dividend comes from US Government sources. There may be a list of securities invested in by that particular fund with your 1099-DIV info.
@JohnnyMac16
April 13, 2025
12:43 PM
she had a teaching project where she purchased paint and other items for the class to use. deductable?
her presentation of that project she was required to dress business professional and we purchases...
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she had a teaching project where she purchased paint and other items for the class to use. deductable?
her presentation of that project she was required to dress business professional and we purchases clothing for this. deductible?
graduation stoles/cords we were told we had to purchase. deductible?
graduation clothing. deductible?
moving out boxes. deductible?
food from campus she had to purchase due to being out of food credits. deductible?
April 13, 2025
12:43 PM
How can I get Turbo tax to eiffel this year, as it did for me last year, when Turbo tax says it has no record that I emailed? (I am looking at my records that I printed off last year.)
April 13, 2025
12:42 PM
I’ve deleted the state return because I thought that may have been the issue, still no answers
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April 13, 2025
12:42 PM
It depends. If you are referencing a single member limited liability company (SMLLC), then this would be reported on Schedule C with your individual tax return. An amendment can be completed if you w...
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It depends. If you are referencing a single member limited liability company (SMLLC), then this would be reported on Schedule C with your individual tax return. An amendment can be completed if you were actually open for business in 2024, even though you had no income. How do I amend my federal tax return for this year? What is the deadline for filing an amended return? @lugar-darin [Edited: 04/13/2025 | 12:43 PM PST]
April 13, 2025
12:42 PM
Homeowners Insurance for Fire, Hazard, Casualty is not deductible on a tax return.
Mortgage Insurance is no longer deductible on a tax return.
April 13, 2025
12:42 PM
It is actually an interest payment on a structured note.
April 13, 2025
12:41 PM
April 13, 2025
12:41 PM
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April 13, 2025
12:41 PM
If you received a grant and a 1099-NEC form, you should likely report this income as nonemployee compensation. Here’s how to file it in TurboTax:
Open or continue your return.
Navigate to...
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If you received a grant and a 1099-NEC form, you should likely report this income as nonemployee compensation. Here’s how to file it in TurboTax:
Open or continue your return.
Navigate to the self-employed income section:
TurboTax Online/Mobile: Go to self-employed income.
TurboTax Desktop: Search for self employed income (use this exact phrase, don't add a hyphen) and select the Jump to link.
Answer Yes on the Did you have any self-employment income or expenses? screen.
If you land on the Your 2024 self-employed work summary page, select Review next to the work you're adding income for.
Answer the questions on the following screens until you arrive at Let's enter the income for your work.
Select the form that applies to your situation and select Continue.
You can enter the info from your 1099 form on the following screens.