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April 15, 2025
5:04 AM
April 15, 2025
5:04 AM
TurboTax 2024 had me explain a removal of an IRA contribution (before the due date of the return). The statement I wrote appears in the form tree of my return, but indented below Form 5329-T for some...
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TurboTax 2024 had me explain a removal of an IRA contribution (before the due date of the return). The statement I wrote appears in the form tree of my return, but indented below Form 5329-T for some reason, and it isn't including it among the pages to be filed with the IRS. Could someone confirm that that's a bug and that I should manually include that page in a mailed return? If not, why would it have me write a statement that it didn't need? Update: Never mind. It is printing it. It's just not listing it in the outline for whatever reason. Why can't we delete posts?
April 15, 2025
5:04 AM
You didn't mention what state. If this is Utah, be sure that it is 14 characters and no hyphens. It should be 11 digits and then ending in wth (in lower case). Example 12345678911wth It has ...
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You didn't mention what state. If this is Utah, be sure that it is 14 characters and no hyphens. It should be 11 digits and then ending in wth (in lower case). Example 12345678911wth It has to be that way on all your W-2's and 1099's that have a Utah state withholding ID. If you already did that, and still getting an error, delete the W-2 (or 1099) and enter it from scratch. Again, be sure to use lower case for the wth
April 15, 2025
5:04 AM
I'm not sure of the software that he would be using.
It would probably be on the initial input screens
It would indicate on his Form 1040 Tax return
On the front page
Half way down
...
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I'm not sure of the software that he would be using.
It would probably be on the initial input screens
It would indicate on his Form 1040 Tax return
On the front page
Half way down
Under Standard Deduction
Someone can claim ...
April 15, 2025
5:02 AM
is line 10 on my state of michigan return
Topics:
April 15, 2025
5:02 AM
@sintas I closed and re-opened Turbo Tax, and everything was OK after that. It must be a software bug.
April 15, 2025
5:02 AM
Yes, you can choose to file only one state using TurboTax even if you need to file two states.
Just be aware that depending on the reason you need to file the second state that you may need i...
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Yes, you can choose to file only one state using TurboTax even if you need to file two states.
Just be aware that depending on the reason you need to file the second state that you may need information from the state return not done in TurboTax to accurately complete the one that is done with TurboTax if you are claiming a credit for taxes paid to another state.
April 15, 2025
5:01 AM
the 2024 return for efile is asking for both AGI's. my 2023 return only has one listed. So what do I put in each space?
April 15, 2025
5:01 AM
You do not need to enter anything on your 2024 tax return since Roth 403(b) contributions are after-tax contribution. Therefore, it is not necessary to add anything to your wages. You will get a 2025...
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You do not need to enter anything on your 2024 tax return since Roth 403(b) contributions are after-tax contribution. Therefore, it is not necessary to add anything to your wages. You will get a 2025 Form 1099-R with code 8 in 2026 to report any gains on the excess and this will be entered next year on your 2025 return. You can ignore the 2025 Form 1099-R with code P and B.
Please see Pub 525 for additional information.
April 15, 2025
5:01 AM
Thanks. Since I (rather, Turbotax) included only 2400, should I say 2400 (original) and 4800 (correct)?
April 15, 2025
5:00 AM
The 10% deduction on your withdrawal are taxes withheld, and not the 10% early withdrawal penalty.
Tax withheld is just an estimated advance payment of your taxes. The final tax amount can only...
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The 10% deduction on your withdrawal are taxes withheld, and not the 10% early withdrawal penalty.
Tax withheld is just an estimated advance payment of your taxes. The final tax amount can only be determined when you fill out your tax return. The taxes withheld serve as a credit against your tax liability. If too much tax was withheld, you'll receive a refund; otherwise, there'll be a tax due.
You have to enter that form 1099-R on your tax return.
April 15, 2025
5:00 AM
You will not enter the building costs as you incur them. The building will be an asset, so when the asset is put into use, you will enter all the costs of building the building and then depreciate ...
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You will not enter the building costs as you incur them. The building will be an asset, so when the asset is put into use, you will enter all the costs of building the building and then depreciate it over its useful life. For a commercial building, the useful life is 39 years.
April 15, 2025
4:59 AM
Run a repair of Microsoft C++ It’s one of the programs installed on Office. Then restart your computer…. Good luck!
April 15, 2025
4:58 AM
How do I file go my 2021 stimulus check?
You can claim the interest deduction, if you meet the three requirements:
You paid the interest
You are legally obligated to pay it (co-signing counts)
The student was your dependent, at the ...
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You can claim the interest deduction, if you meet the three requirements:
You paid the interest
You are legally obligated to pay it (co-signing counts)
The student was your dependent, at the time the loan was used to pay for qualified educational expenses (the TT pop up says “when you took out the loan”)
In TurboTax, enter the 1098-E as if it was your own.
April 15, 2025
4:57 AM
You can preview your tax return by going to:
On the menu bar on the left that shows.
Select Tax Tools
On the drop-down select Tools
Tip: If you don't see the dropdown for Tools...
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You can preview your tax return by going to:
On the menu bar on the left that shows.
Select Tax Tools
On the drop-down select Tools
Tip: If you don't see the dropdown for Tools,
Minimize the federal and state options using the down arrow.
On the popup menu
Select View Tax Summary
On the left sidebar
Select Preview my 1040.
Schedules 1,2 & 3 are included if you scroll down past your 1040.
To return to the entry screens press Back on the sidebar.
Some key numbers on your 1040 tax return are:
Line 9 - Total Income
Line 11 - AGI
Line 15 - Taxable Income
Line 19 - Child Tax Credit
Line 24 - Total Tax.
Line 25 d - Withholdings.
Line 26 - Estimated tax payments
Line 27 - Earned Income Credit
Line 28 - Additional Child Credit
Line 33 - Payments including Credits.
Line 34 - Overpayments.
Line 37 - Tax owed.
April 15, 2025
4:57 AM