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April 14, 2025
5:26 PM
IS MY 2023 STATE OR LOCAL REFUND TAXABLE?
If you used standard deduction for your 2023 tax return, you do not have to enter a state or local tax refund you received in 2024. If you itemized d...
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IS MY 2023 STATE OR LOCAL REFUND TAXABLE?
If you used standard deduction for your 2023 tax return, you do not have to enter a state or local tax refund you received in 2024. If you itemized deductions then your state or local refund that you claimed on the 2023 return----and received in 2024---must be entered as taxable income on your 2024 return. If you are not sure if you itemized for 2023, look at your 2023 Form 1040 line 12. Do you see the standard deduction amount or something else?
2023 STANDARD DEDUCTION AMOUNTS
SINGLE $13,850 (65 or older/legally blind + $1850)
MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)
MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse
HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)
If you need to enter a state or local refund Go to Federal>Wages & Income>1099-Misc and Other Common Income>State and Local Tax Refunds on Form 1099-G
April 14, 2025
5:26 PM
Yes, enter your state refund and TurboTax will perform the calculations to find out if it's taxable. Your state income tax refund from last year may or may not be taxable. It's only taxable to the ex...
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Yes, enter your state refund and TurboTax will perform the calculations to find out if it's taxable. Your state income tax refund from last year may or may not be taxable. It's only taxable to the extent that the deduction reduced your 2024 federal tax.
Refer to the TurboTax articles: Do I need to report the state or local refund I got last year? Is it taxable? and Is My State Tax Refund Taxable? for more information.
April 14, 2025
5:26 PM
1 Cheer
I suggest filing a suit with the FTC and putting a hold on the transaction through your credit card. They were charged with fraudulent practices just over a year ago by the FTC and I would argue this...
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I suggest filing a suit with the FTC and putting a hold on the transaction through your credit card. They were charged with fraudulent practices just over a year ago by the FTC and I would argue this qualifies under a similar scenario. https://reportfraud.ftc.gov/
April 14, 2025
5:25 PM
She can be your dependent if she didn’t earn more than $5,050 and you provided more than half of her support. I assume that she is not a full time student.
April 14, 2025
5:25 PM
what do you mean by attach? that does not bring the info on it into the Turbotax return. To do that the 1099 must be imported or entered manually.
April 14, 2025
5:25 PM
Topics:
April 14, 2025
5:25 PM
There are over a dozen kinds of 1099's. What kind do you have?
April 14, 2025
5:25 PM
Si, puedes hablar con un experto en impuestos bilingüe usando TurboTax Live.
April 14, 2025
5:25 PM
We are not able to view your tax return.
There are limitations on how much can be deducted based upon:
Your income (modified adjusted gross income),
Your filing status, and
Whe...
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We are not able to view your tax return.
There are limitations on how much can be deducted based upon:
Your income (modified adjusted gross income),
Your filing status, and
Whether you are covered by a retirement plan (box 13 on your W-2).
The modified adjusted gross income tables are found on pages 13 and 14 of IRS Publication 590-A.
IRS Publication 590-A, page 9, states:
For 2024, the most that can be contributed to your traditional IRA is generally the smaller of the following amounts.
$7,000 ($8,000 if you are age 50 or older). or
Your taxable compensation for the year.
April 14, 2025
5:24 PM
April 14, 2025
5:24 PM
1 Cheer
First enter Form 1099-K
Income Other Common Income Income from Form 1099-K START
On the “Did you get a 1099-K?” screen, select “Yes” On the “Which type of income is your 1099-K for?” s...
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First enter Form 1099-K
Income Other Common Income Income from Form 1099-K START
On the “Did you get a 1099-K?” screen, select “Yes” On the “Which type of income is your 1099-K for?” screen, select “Personal item sales” CONTINUE Enter the 1099-K as it was reported
NOTE: ONLY select the box for “This amount in box 1a is too high or includes some personal transactions” if it shows things like birthday gifts you received or when someone sent you money to split a dinner cost. CONTINUE
Next screen make a selection- IF ANY ITEM SOLD AT A GAIN- select “only some items had no gain”, and enter the amount that represent the items NOT sold for gain. In other words, if the 1099-K shows 1,000 "Proceeds" and 900 of that was stuff you sold at a loss or broke-even, enter 900 here. In this example, you would need to "account" for 100 "proceeds". That means 100 was sent for something you sold and you sold it for more than what you paid for it. That does not mean you MADE 100, just that they sent you 100. You must record what you sold, what it cost you, and the profit you made. You do that later in the "Investment" section CONTINUE
Finish the interview and select done on the “Your 1099-K summary” screen, BUT YOU ARE NOT DONE
Go to: Income Investment Income Stocks, Cryptocurrency, Mutual Funds, Bonds, Other click UPDATE
The next screen should show “Personal items sales (1099-K)” Click REVIEW to open
The next screen has an input screen for the Personal items you sold at a profit/gain. Enter what you sold, when you sold it, when you purchased it Enter how much you sold it for, and how much it cost you to buy it.
The difference between what it cost you, and what you got as "Proceeds" is the taxable profit (Capital Gains)
April 14, 2025
5:24 PM
I have now been quoted three different prices: This morning, after uploading my preliminary documents, the pre-expert call rep quoted me $400. Then, after uploading the remaining two documents, th...
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I have now been quoted three different prices: This morning, after uploading my preliminary documents, the pre-expert call rep quoted me $400. Then, after uploading the remaining two documents, the pre-expert call ran me through all of the questions and quoted me $488. Finally, with nothing changing, after running through the filing with the "expert", I went to process the filing and am being asked to pay $699. I checked on Reddit and see I am not the only that this happened to. The "expert" claims it is because my filing ended up requiring "2-3 more forms", however, nothing changed from the pre-call.
April 14, 2025
5:24 PM
Replying to an old post - but as someone self-employed, I'm concerned TT isn't doing this calculation as it was never explained in the inputs to TT. I had a significant pickup in income in the back ...
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Replying to an old post - but as someone self-employed, I'm concerned TT isn't doing this calculation as it was never explained in the inputs to TT. I had a significant pickup in income in the back half of the year under a W2 and employer coverage, and thus have a material repayment from the first 6 months under self employment. Has this been fixed in the 2024 version?
April 14, 2025
5:24 PM
Thank you very much, @jtax . The taxes included the capital gain tax and also the land tax paid for the sale to go through. My understanding is that California does not give Foreign Tax Credit. So u...
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Thank you very much, @jtax . The taxes included the capital gain tax and also the land tax paid for the sale to go through. My understanding is that California does not give Foreign Tax Credit. So using an example similar to the one in https://ttlc.intuit.com/community/tax-credits-deductions/discussion/foreign-tax-credit-california-difference/01/2691635 Sale of a Country-A (not India) land for $1M happened in 2024. For the sale to go through, the capital gain tax paid to Country-A was $200K, and the land tax paid to Country-A was 10K. The other expenses (etc. Broker Fee) $90K. The net proceeds at the sale was $1M-$300K=700K. I will appreciate answers (hopefully from all experts familiar also with CA rules) to the following questions: Can I add the $200K Capital gain tax paid to Country A to the expense for California? Can I add the $10K land tax paid to Country A to the expense for California? Can I add the $200K Capital gain tax paid to Country A to the expense for Federal? Can I add the $10K land tax paid to Country A to the expense for Federal? I should be able to take the $200K capital gain tax as the foreign tax credit for Federal, right? Can I claim the $10K land tax as foreign tax credit for Federal? The US capital gain tax, Medicare tax and CA income tax for this sale seem pretty significant based on the current TurboTax calculation. Many thanks.
April 14, 2025
5:24 PM
If your gain was more than $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return. Whether you re-invested the gain in to another h...
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If your gain was more than $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return. Whether you re-invested the gain in to another house is irrelevant. If you have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss)
If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).
If you are using online TT, you need Premium software to report the 1099-S
April 14, 2025
5:24 PM
They may be able to be claimed as a dependent under the Qualifying Child rules if they are under the age of 19, have lived in your home for over 6 months during the and they have not provided for ove...
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They may be able to be claimed as a dependent under the Qualifying Child rules if they are under the age of 19, have lived in your home for over 6 months during the and they have not provided for over one-half of their support.
To be a Qualifying Child -
1. The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them. 2. The child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student or (c) any age and permanently and totally disabled. 3. The child must have lived with you for more than half of the year. Temporary absences while away at college are considered living with you. 4. The child must not have provided more than half of his or her own support for the year. 5. If the child meets the rules to be a qualifying child of more than one person, you must be the person entitled to claim the child as a qualifying child. 6. The child must be a U.S. citizen or U.S., Canada or Mexico resident for some portion of the year. 7. The child must be younger than you unless disabled.
April 14, 2025
5:24 PM
This error message can refer to more than one errant entry on the Car & Truck Worksheet. One fix may not resolve all individual return errors.
Try deleting the numbers that are causing the erro...
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This error message can refer to more than one errant entry on the Car & Truck Worksheet. One fix may not resolve all individual return errors.
Try deleting the numbers that are causing the error message and leave the lines blank. Or try one of the options listed earlier on this thread.
Your final option is to provide a token so we can investigate further:
You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, please follow these instructions:
In TurboTax Online, open your return, go to the black panel on the left side of your program and select Tax Tools.
Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
You may wish to snap a screenshot to post instead of the actual number.
Reply to this thread with your Token number (including the dash) and tag (@) the Expert requesting the token from you.
Please include any States that are part of your return - this is VERY important.
If you are using TurboTax for Desktop, go to Online in the top menu, then choose "Send Tax File to Agent."
We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.
April 14, 2025
5:23 PM
I tried changing it to alaska pfd and when I go back to tie things up it shows it under wildfire relief again. How do get it fixed?
Topics:
April 14, 2025
5:23 PM
The only option is contribuitions I made myself, not through my employer.
Topics:
April 14, 2025
5:23 PM
Only a federal refund can be used to pay TT fees.
https://ttlc.intuit.com/community/charges-and-fees/help/why-can-t-i-deduct-my-turbotax-fees-from-my-refund/00/25621
If your refund is eno...
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Only a federal refund can be used to pay TT fees.
https://ttlc.intuit.com/community/charges-and-fees/help/why-can-t-i-deduct-my-turbotax-fees-from-my-refund/00/25621
If your refund is enough to cover your TurboTax fees PLUS the extra “refund processing” fee of $40 ($45 in CA) and your forms are ready then when you are in the FILE section you can choose to have your fees deducted from your federal refund by a third party bank, who will take out your fees and send you the rest of your refund after the IRS issues the refund.
Please make note that if your refund takes too long to arrive (IRS delays, etc.) then you will also be agreeing that the TurboTax fees can be extracted from your bank account even before your refund is issued by the IRS. This comes as an unpleasant shock to many people every year.
If you can possibly pay your fees upfront using a debit or credit card, it will save you that extra fee and even more importantly, the possible aggravation and delays that are often the result of poor handling/poor customer service by that third party bank. We see way too many instances where refunds are delayed for months when users choose refund processing. There have been lots of complaints; there are a number of things that can go wrong when you use refund processing. I suggest avoiding that situation if at all possible.
And....you can never pay state tax due from a federal refund, so do not expect that. The state tax due has to be paid directly to your state.
What is Refund Processing Service?
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k