All Posts

You need to enter all of your 2024 W-2's on the same tax return.   Not sure what "deduction" you think not entering some of them would get you.        W-2’s come from employers.  There is not a federal or national website that provides W-2’s.   If your employer is partnered with TurboTax to allow the W-2 data to be imported into the software you can do that---but you need the actual W-2 so that you can enter the EIN and the amount from box 1 to import the other data from the W-2---which just saves you the little bit of keying in of the other information.   Every 2024 W-2 that you received must be reported on your 2024 tax return, even if they are for small amounts.  Remember that each one of those W-2’s has your Social Security number on it, and that income was reported to the IRS by the employer.  You do not want trouble with the IRS for under-reporting your income or have your refund delayed by having missing income.   ALL of your W-2’s must be entered on the SAME tax return.     Go to Federal>Wages & Income to enter a W-2. After you enter the first one, you click Add Another W-2.     W-2's come from your employer, and they have until January 31 to issue it.  Some employers allow you to import the W-2 through the software, but for security reasons you still need information from the actual W-2 to import it. Some employers have payroll sites that will have your W-2. You might need to phone, drop in, email and/or snail mail an old employer to make sure they know where to send your W-2.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/get-copy-w-2/L8FTim9MO_US_en_US?uid=m68ee4os   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import-enter-w-2/L55HzdeDr_US_en_US?uid=m68efe36   You can get a wage and income transcript from the IRS:  It will not show the actual W-2, 1099’s, etc, but will show the income information the IRS received.  It will not, however, show your state information. It will only show the federal information. https://www.irs.gov/individuals/get-transcript    

When you have an excess contribution left in the Roth account at the end of 2024 then next year on your 2025 tax return, if you are able to make Roth IRA contributions, then you can apply them as a 2025 contribution. If you do not have any excess left because you removed it then you don't need to fill out anything on your 2025 tax return.    Usually financial institutions have forms to fill out for the return of excess contribution plus earnings. Your custodian used the code P on Form 1099-R for return of excess contributions which means "Excess contributions plus earnings", he should have know to remove the earnings along with the excess.   I would start with contacting UBS compliance department.    @susieq1013 

Yes, I would remove the sale portion from the K1 and enter the sale directly on your tax return. Keep other K1 items in that part of your tax return, if any. It can get somewhat confusing when the sale is entered through the K1.  Use the steps below to enter the sale portion.    To enter your sale in TurboTax, follow these steps.  Open or continue your return. Navigate to the investment sales section: TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open TurboTax Desktop: Search for investment sales and then select the Jump to link. Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Answer Yes to the question Did you sell any of these investments in 2024?  If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments. Click this link for more information. Where do I enter Investment Sales?

It sounds like you may only need to file because of earnings from self-employment. Estimate your net earnings from self-employment, and your self-employment tax.    The option to prepare an extension appears in Other Tax Forms under Other Tax Situations in both TurboTax Online and TurboTax Desktop. In TurboTax Online, the program links to the easy-extension website, whereas in Desktop, it prepares the extension form for printing.   Anyone who files for an extension is required to pay any estimated taxes due by the due date of the return. The extension is only to allow you to file up to 6 months after the deadline and not be assessed a late filing penalty. It doesn't extend the time to pay your tax. By filing your return on time, including extensions, you can avoid the penalty for late filing. Filing timely does not stop interest from accruing on any unpaid balance.   See this TurboTax help article for more information about extensions.   @JaneinUSA 

You can file an extension. The extension gives you until October 15, 2025 to file your taxes without getting a failure to file penalty.  You don't get extra time to pay your taxes, so you must pay any taxes that you may have that are due by April 15, 2025 so you won't be assessed the failure to pay penalty.   Refer to the TurboTax Help article How do I file an IRS tax extension?.  If you need to file a state extension, review the article How do I file an extension for my personal state taxes?   Contact your employers to retrieve your W-2s.  You can also contact the IRS for assistance toll free at 1-800-829-1040. The IRS can help you with trying to obtain your W-2.    Another option is to file a Form 4852 as a substitute W-2 Form along with your tax return, but you will have to mail your tax return.   For more information, refer to the TurboTax Help article What To Do If You Haven't Received a W-2 and How do I file a substitute W-2 using Form 4852? 

You can enter your K-1 yourself and just estimate the amount. Then later when you get the (late) k-1 you're waiting for, do an update/amended return. For the 2210, you won't have to guess since you know it's about $2000 for the k-1 you are waiting on just use that amount or  your closest guess. If you wait, they'll really sock it to you on the fees. Good luck!

An extension gives you more time to prepare your taxes, but it doesn't extend the time to pay your taxes. It sounds like you entered an amount to pay and a date to pay when you filed an extension.    How do I check my e-file status?    

Yes, you can return to the California state interview after you complete your nonresident state returns. TurboTax will make the necessary adjustments based on changes to those returns.   Most states have a section for income that is treated differently. Look for business income, which should include income from Schedule K-1. (I don't have a Montana return to test this.)   Yes, carryovers follow the businesses that generated the losses in prior years. You'll need to adjust the carryovers for each nonresident state to match the source of the losses.