All Posts
April 14, 2025
5:39 PM
Turbo is stuck and not allowing me to move on to another section
Topics:
April 14, 2025
5:39 PM
after reviewing the return, I want to input the credit card number in order to e-file, the system won't come up with the screen needed to do this step, it wants to save the return which it does , the...
See more...
after reviewing the return, I want to input the credit card number in order to e-file, the system won't come up with the screen needed to do this step, it wants to save the return which it does , then it same the number is invalid when I did not enter anything yet. There is an error code 567812
April 14, 2025
5:39 PM
You can enter 1099NEC or cash Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium version. Where to enter expenses in the Online Premiu...
See more...
You can enter 1099NEC or cash Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium version. Where to enter expenses in the Online Premium version https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US
April 14, 2025
5:39 PM
April 14, 2025
5:38 PM
"I am getting a screen that states you dont owe taxes on this money" It's saying that you don't own additional taxes. Code 2 in box 7 of the Form 1099-R means that the distribution is not subje...
See more...
"I am getting a screen that states you dont owe taxes on this money" It's saying that you don't own additional taxes. Code 2 in box 7 of the Form 1099-R means that the distribution is not subject to an early-distribution penalty (an additional tax). It's entirely possible that you are not having sufficient taxes withheld from your pension payments to cover the additional tax liability resulting from this income.
April 14, 2025
5:38 PM
1 Cheer
You can chose to delete the state return in desktop. Follow these steps to delete a state return in TurboTax Desktop for Windows:
With your return open in TurboTax, from the File menu, choose R...
See more...
You can chose to delete the state return in desktop. Follow these steps to delete a state return in TurboTax Desktop for Windows:
With your return open in TurboTax, from the File menu, choose Remove State Return.
Select the return you want to delete and then select Remove.
Choose Yes to confirm.
April 14, 2025
5:38 PM
1) Yes, add this amount to "Cost of Purchases" for the inventory calculation.
2) No, this is not a "gift" that must be reported. You are essentially providing the goods to your business for eve...
See more...
1) Yes, add this amount to "Cost of Purchases" for the inventory calculation.
2) No, this is not a "gift" that must be reported. You are essentially providing the goods to your business for eventual sale.
April 14, 2025
5:38 PM
I made contributions through my paycheck that my employer sent to the HSA and they are not listed on the W2.
April 14, 2025
5:37 PM
April 14, 2025
5:37 PM
Free Federal tax extension now available here.
April 14, 2025
5:36 PM
No, TennCare is not marketplace insurance.
TennCare is Tennessee's Medicaid program, which provides health insurance to low-income individuals and families. The Health Insurance Marketplace, o...
See more...
No, TennCare is not marketplace insurance.
TennCare is Tennessee's Medicaid program, which provides health insurance to low-income individuals and families. The Health Insurance Marketplace, on the other hand, is a federal platform where individuals can shop for and compare private health insurance plans that meet the Affordable Care Act (ACA) standards.
If you had health insurance through the marketplace, you would have received a Form 1095-A.
April 14, 2025
5:36 PM
What do you do when it's showing the wrong amount at the end?
Topics:
April 14, 2025
5:36 PM
This is an annual election, so you would make the election for each year you want the election to be valid for.
April 14, 2025
5:36 PM
To go back to a lower version or the Free Edition you can try to clear and start over https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and-start-over-in-turbotax-online/00/26444 ...
See more...
To go back to a lower version or the Free Edition you can try to clear and start over https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and-start-over-in-turbotax-online/00/26444 If you started your tax return in TurboTax Free Edition (Form 1040 with limited credits; roughly 37% of taxpayers qualify), you won't need to clear and start over. You can select Switch to Free Edition instead. In the Turbo Tax Free Edition, information that you can enter is limited now. Why do I have to upgrade from the Free Edition? https://ttlc.intuit.com/community/upgrading/help/why-do-i-have-to-upgrade-from-free-edition/00/26379 Or try the IRS Free File program https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
April 14, 2025
5:36 PM
Sometimes you need to type a zero (or a few zeros) at the beginning of the account number. Check if your account number is shorter than the max size currently used at your bank.
April 14, 2025
5:36 PM
https://turbotax.intuit.com/irs-tax-extensions/
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_US_en_US?uid=m9a3q808
April 14, 2025
5:36 PM
If you make payments directly to IRS and not with an extension, record the additional payments in TurboTax in the Federal section under Deductions and Credits, Additional Payments under Estimated Tax...
See more...
If you make payments directly to IRS and not with an extension, record the additional payments in TurboTax in the Federal section under Deductions and Credits, Additional Payments under Estimated Tax Payments. That way, your return will show the correct balance due or refund when you are ready to file.
In TurboTax Online:
Go to Deductions & Credits
Select Estimated Tax Payments
Click Start or Revisit next to Federal estimated taxes for 2024
Scroll down to Additional Payments
Enter the Date Paid and Amount Paid
@Cincolo
April 14, 2025
5:36 PM
For the state of Georgia the date for filing a 2024 tax return and payment of any taxes owed has been extended to May 1, 2025 for all resident of Georgia. This is due to the Hurricanes that went thr...
See more...
For the state of Georgia the date for filing a 2024 tax return and payment of any taxes owed has been extended to May 1, 2025 for all resident of Georgia. This is due to the Hurricanes that went through the state in late 2024.
IRS website - https://www.irs.gov/newsroom/irs-help-available-to-victims-of-hurricanes-helene-and-milton-may-1-deadline-now-applies-to-individuals-and-businesses
Currently, taxpayers in the entire states of Alabama, Florida, Georgia, North Carolina and South Carolina, and parts of Tennessee and Virginia, who received extensions to file their 2023 returns have until May 1, 2025, to file. Tax-year 2023 tax payments are not eligible for this extension. In addition, May 1 is also the deadline for filing 2024 returns and paying any tax due.
April 14, 2025
5:35 PM
It should already be included in your W-2, so you shouldn't need to make a separate entry.