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April 15, 2025
6:32 AM
You can remove TurboTax Live as long as you haven't used the Tax Expert feature. Here's what to do:
With your tax return open, select File.
Proceed through the screens until you reach the Jus...
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You can remove TurboTax Live as long as you haven't used the Tax Expert feature. Here's what to do:
With your tax return open, select File.
Proceed through the screens until you reach the Just a few steps left... screen, then select Start or Revisit next to Step 1: Review Your Order.
On the order summary screen, select Downgrade.
If you don't see Downgrade or already used the Tax Expert feature, you can clear your return and start over as long as you haven’t paid yet. After clearing your return, you can select the TurboTax product that best suits your needs.
Keep in mind: If you want to receive help from a tax expert, you’ll need to use TurboTax Live.
If not using Live you can follow these steps:
Follow these steps to downgrade to a different TurboTax Online product:
Open your return if you haven't already.
In the left menu, select Switch Products.
Select Downgrade.
April 15, 2025
6:32 AM
Because you are covered by a retirement plan at work, the result in TurboTax implies that your MAGI for this purpose is above the $230,000 threshold where your spouse's traditional IRA contribution b...
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Because you are covered by a retirement plan at work, the result in TurboTax implies that your MAGI for this purpose is above the $230,000 threshold where your spouse's traditional IRA contribution begins to become nondeductible, becoming fully nondeductible at $240,000 of MAGI.
April 15, 2025
6:31 AM
Si esta totalmente desabilitada podria calificar para el credito por otros dependientes, el cual el monto es de $500.
Tambien podria calificar para el credito tributario por ingreso, si su ingreso ...
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Si esta totalmente desabilitada podria calificar para el credito por otros dependientes, el cual el monto es de $500.
Tambien podria calificar para el credito tributario por ingreso, si su ingreso califica para este credito.
Vea los enlaces que la comparto en la parte inferior
Aprenda acerca del Crédito por otros dependientes
Crédito tributario por ingreso del trabajo (EITC)
April 15, 2025
6:31 AM
Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.
To enter your retirement income, Go to Federal> Wages and Income>Retireme...
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Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
April 15, 2025
6:31 AM
April 15, 2025
6:31 AM
Yes, you have to enter a 1099R for money you took from a retirement account in 2024. Go to the plan's website to see if you can import it or download it to enter by hand. Or call them and ask how ...
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Yes, you have to enter a 1099R for money you took from a retirement account in 2024. Go to the plan's website to see if you can import it or download it to enter by hand. Or call them and ask how to get your 1099R.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
April 15, 2025
6:31 AM
If your refund was lower than the amount shown in TurboTax, click here for more information.
April 15, 2025
6:30 AM
My NM tax still says pending
Topics:
April 15, 2025
6:29 AM
Go back into his tax return. Under My Info (Top of left sidebar) Click the down arrow next to his name [Revisit] Continue to Let's check for some other situations [X] Another taxpayer can claim...
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Go back into his tax return. Under My Info (Top of left sidebar) Click the down arrow next to his name [Revisit] Continue to Let's check for some other situations [X] Another taxpayer can claim me as a dependent on their tax return. Close the return and re-tile it
April 15, 2025
6:29 AM
If you are trying to take a deduction for damage by Hurricane Beryl, then you will select the following:
Federal
Deductions and Credits
Casualties and Thefts under Other Deductions and Cre...
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If you are trying to take a deduction for damage by Hurricane Beryl, then you will select the following:
Federal
Deductions and Credits
Casualties and Thefts under Other Deductions and Credits.
April 15, 2025
6:29 AM
You can choose either. You will just always use that account going forward.
April 15, 2025
6:29 AM
Do not enter the SSA1099 for your child on your own tax return. Someday if the child has other income (after school job, etc.) and is filing a tax return, for that tax year he will need to include...
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Do not enter the SSA1099 for your child on your own tax return. Someday if the child has other income (after school job, etc.) and is filing a tax return, for that tax year he will need to include the SSA1099 on his own return. Until then, it does not get entered anywhere.
April 15, 2025
6:29 AM
Dana, Can you clarify - I know we talked about this. The 2024 1099R I got re: the 2023 Trad Ira contribution made in 2024 is not submitted with this return, correct? It is submitted when I amend t...
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Dana, Can you clarify - I know we talked about this. The 2024 1099R I got re: the 2023 Trad Ira contribution made in 2024 is not submitted with this return, correct? It is submitted when I amend the 2023 return ( 7500 was contributed then taken back out but they didnt take out the earnings, wrote zero and coded it P). Is that correct? I already contributed the 79.50 earnings to 2025 IRA ( ineligible for 2024) and do that on that return? I put it on this one but think that's an error. For this one I have the 2024 contribution of 8000 which was returned and that distribution coded X though they put the taxable as 0 and didnt take out those earnings. I've also contributed those to 2025 IRA.I am unsuccessful at changing the code on the form and gave up on that right now. I;m being prompted to fill out Form 8xxx the one you said was for excess contributions. I just fill out the one for 2024 and do the other on the 2023 amended return, is that correct. I can't recall the form number at this second. will that resolve the excess contribution issue so I dont get an excess 1099 next yr?
April 15, 2025
6:28 AM
Thank you so much, Dana! However, the W-2 reports the amount we contributed before we withdrew the excess. What should we do in this case?
April 15, 2025
6:28 AM
Slightly different problem. I received a 2024 SSA-1099 for a payment I received in Jan 2025. Is this an error? It was processed through my existing Railroad Retirement account. Should I include t...
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Slightly different problem. I received a 2024 SSA-1099 for a payment I received in Jan 2025. Is this an error? It was processed through my existing Railroad Retirement account. Should I include this in my 2024 1040?
April 15, 2025
6:27 AM
HOW DO I GET AN AFFILIATE DISCOUNT?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/get-turbotax-affiliate-partner-discount/L4ViVaZOr_US_en_US?uid=m9hx2p93
April 15, 2025
6:27 AM
Even though the contribution was made in 2024, an IRA contribution made for 2023 was reportable on your 2023 tax return, not on your 2024 tax return. If you failed to report on your 2023 tax return ...
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Even though the contribution was made in 2024, an IRA contribution made for 2023 was reportable on your 2023 tax return, not on your 2024 tax return. If you failed to report on your 2023 tax return a traditional IRA contribution made for 2023, you must amend your 2023 tax return.
April 15, 2025
6:27 AM
This is due to so many people filing at the same time. Please keep trying.
April 15, 2025
6:27 AM
You do not add purchasing a new vehicle for personal use unless it is an EV or if you are itemizing deductions and want to enter the sales tax. If you are self-employed you enter information about ...
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You do not add purchasing a new vehicle for personal use unless it is an EV or if you are itemizing deductions and want to enter the sales tax. If you are self-employed you enter information about your vehicle on your Schedule C with other business expenses.
SALES TAX
You can enter the sales tax you paid for the car you purchased in 2024 by going to Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax. You will be asked if you paid sales tax on a major purchase, and you will be able to enter the sales tax you paid for your new vehicle.
Sales tax is an itemized deduction. Unless you have enough other itemized deductions to exceed your standard deduction the sales tax will have no effect on your tax due or refund.
“Major purchases” that you can enter for the sales tax deduction include:
Motor Vehicles (cars, trucks, motor homes, RV’s, sport utility vehicles and off-road vehicles
Aircraft or boats
Mobile homes
Manufactured housing
Building materials for major home improvements
You cannot deduct: furniture, jewelry, home electronics such as TV’s or computers
April 15, 2025
6:26 AM
If it is a personal purchase, you generally would not add it unless you are itemizing and taking a sales tax deduction. If this is the case, then you will enter this under Deductions and Credits>>Sa...
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If it is a personal purchase, you generally would not add it unless you are itemizing and taking a sales tax deduction. If this is the case, then you will enter this under Deductions and Credits>>Sales Tax If this is for business, then you will enter this as a vehicle expense. When you walk through the vehicle expenses, it will ask you if you purchased it. Say yes or check the box and then TurboTax will walk you through the options available for depreciation or taking expenses.