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April 14, 2025
2:55 PM
What if they never took it out after going through the process you already stated?
April 14, 2025
2:54 PM
An overpayment is your refund. You can have them keep all or part of your refund as an estimated payment towards next year's tax return. But most people want to get their refund now. So to get y...
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An overpayment is your refund. You can have them keep all or part of your refund as an estimated payment towards next year's tax return. But most people want to get their refund now. So to get your refund now pick do not apply it to next year. To change the entry you made to apply your Federal refund to next year Federal Taxes Tab or Personal (H&B version) Other Tax Situations Additional Tax Payments Apply Refund to Next Year - Click the Start or Update button and answer NO or delete the amount. For state go through the State tab again, probably near the end and look for that screen again to change it. Change it to No and delete the amount.
April 14, 2025
2:54 PM
Where do I enter the foreign tax credit (Form 1116) or deduction?
April 14, 2025
2:54 PM
1 Cheer
The procedure outlined by @wa1fhy above will post a $0 entry and force the printing of Schedule 1.
@gillinic01
April 14, 2025
2:54 PM
I found out the problem with your help. I answered the question of was this all applied to rmd?, as a yes. But the amount that I put back into the IRA wasn’t. When I changed my answer to no, the ques...
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I found out the problem with your help. I answered the question of was this all applied to rmd?, as a yes. But the amount that I put back into the IRA wasn’t. When I changed my answer to no, the question- tell me what you did with the money appeared and everything worked. Thanks to all who helped.
April 14, 2025
2:53 PM
Well, I looked more into the form 8453 TurboTax gave me with an X next to Form 8949 on the last line. It seemed as if I was being suggested to send in Form 8949. However, I find that TurboTax had ...
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Well, I looked more into the form 8453 TurboTax gave me with an X next to Form 8949 on the last line. It seemed as if I was being suggested to send in Form 8949. However, I find that TurboTax had already filled out Form 8949 and it was submitted when I submitted my taxes. Just very confused. For the Form 8949 that was submitted with my taxes, I used the Total transactions (Short and Long Term), I did not list every transaction. Looking through the 1099-B again, I did see that 3 of the many transactions were "Wash Sale Loss Disallowed." At first I thought TurboTax was telling me that I would have to report these to the IRS with an 8453 form. Now I am not sure whether or not I should do that? Thanks again for the help on this forum, I guess I am lucky in that my taxes have been submitted.
April 14, 2025
2:53 PM
I live and worked in Florida all year. My employer is based out of Iowa but work is here in Florida where they opened a location They took out taxes for Iowa, but stopped when I brought to their at...
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I live and worked in Florida all year. My employer is based out of Iowa but work is here in Florida where they opened a location They took out taxes for Iowa, but stopped when I brought to their attention. My W2 has line 15 IA and line 16 showers an amount for wages but not my full amount of income and line 17 state tax has an amount $221.53 I am filing my annual federal taxes and am doing the states for Iowa so I can get a refund, but it shows a refund of $70 instead of the full amount I paid out, it showed nonresident and I never worked or went to Iowa. On the states income should I zero out the amount shown on line 16 where the states ask about wages and Iowa sources to get the full amount paid out or do I have to leave the amount from line 16? I would be out a refund of $152 if so. Which I don't see why I should be out of I didn't live or work there at any point?
April 14, 2025
2:53 PM
why when I try to get my 2023 tax return all I get is one document?
Topics:
April 14, 2025
2:52 PM
Neither. You are not required to report rental income when rented for less than 15 days in the year. See "Minimal Rental Use", HERE.
April 14, 2025
2:52 PM
Topics:
April 14, 2025
2:52 PM
Actually I would just enter your total income as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all y...
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Actually I would just enter your total income as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C. How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653
April 14, 2025
2:52 PM
If you are filing a joint return as a resident, all income will be taxed. You can file MFS for DE to claim just your resident income with a credit for the tax paid to IL on the same income.
You...
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If you are filing a joint return as a resident, all income will be taxed. You can file MFS for DE to claim just your resident income with a credit for the tax paid to IL on the same income.
You get credit for the lower state tax on the lowest taxable amount.
Each state calculates taxable income differently.
Each state has its own tax rate/ system.
You get the lowest of both categories as a tax credit.
See How do I prepare a joint federal return and separate state
April 14, 2025
2:52 PM
It only shows the option to Pay with Federal refund.
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April 14, 2025
2:52 PM
Did you get a resolution to this? I’m currently dealing with the same situation and phone support has only referred me to other places. Any help would be greatly appreciated!
April 14, 2025
2:52 PM
TurboTax includes a Tax Summary and a Two-Year Comparison report with the other forms in your return.
See these instructions on viewing and/or printing these reports: How do I get a PDF of my r...
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TurboTax includes a Tax Summary and a Two-Year Comparison report with the other forms in your return.
See these instructions on viewing and/or printing these reports: How do I get a PDF of my return?
April 14, 2025
2:51 PM
April 14, 2025
2:51 PM
@gosanth generally agreeing with the answers here from all of my colleagues , please note that depending on exact facts and circumstances, a foreign life insurance may be classified as PFIC and s...
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@gosanth generally agreeing with the answers here from all of my colleagues , please note that depending on exact facts and circumstances, a foreign life insurance may be classified as PFIC and subject to its onerous rules. Tell more about the insurance company, type of insurance ( whether ULIP or whatever etc. ) and the country where it is . I am assuming here that you are US person ( citizen/GreenCard/ Resident for Tax purposes ).
Will circle back once I hear your response.
April 14, 2025
2:51 PM
Generally, you do not need to issue a 1099-NEC or 1099-MISC to a foreign contractor or business if they are not a U.S. taxpayer and their services were performed outside the U.S..
However, if ...
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Generally, you do not need to issue a 1099-NEC or 1099-MISC to a foreign contractor or business if they are not a U.S. taxpayer and their services were performed outside the U.S..
However, if the foreign provider performed services within the U.S., they may be subject to U.S. tax reporting requirements, and a 1099 form might be necessary.
The IRS requires that you provide documentation showing the expense was ordinary and necessary for your business. This can include receipts, invoices, bank statements, or written agreements. Have this handy in case if the IRS asks for it at a later date if you claim contract labor expense in your return.
April 14, 2025
2:51 PM
How do I continue with my taxes if I do not have an EIN number or a 1099-NEC for one of my Independent Contractor jobs?