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I have the 1095-A form but because it is under my moms name and includes my father siblings and myself, I don't know how to properly fill out or find the information after selecting that this is a sha... See more...
I have the 1095-A form but because it is under my moms name and includes my father siblings and myself, I don't know how to properly fill out or find the information after selecting that this is a shared policy. Specifically the percentages of the policy amounts that I should claim on my return.
I don't want to exclude the income but do want to get credit for the tax already paid. Turbo Tax seems to not allow me to take this route.
The IRS uses your prior year AGI to combat fraud.      You can find your 2023 Adjusted Gross Income (AGI) by: Looking at line 11 on page 1 of your 2023 Form 1040 Requesting a transcript o... See more...
The IRS uses your prior year AGI to combat fraud.      You can find your 2023 Adjusted Gross Income (AGI) by: Looking at line 11 on page 1 of your 2023 Form 1040 Requesting a transcript of your 2023 tax return from the IRS. You can request your transcript online at the following link: Get Transcript    Please click on this TurboTax article for more information.    Check these items as well to ensure you have the correct number.  If you:  Filed late last year after mid-November or your return was processed after that time—try entering 0.  Amended your return last year—make sure you’re using the AGI from your original return, not the amended one. (If you only have a 1040X form, it’s on line 1, column A).  Rounded your AGI to the nearest dollar—be sure to round up when it’s 50 cents or more and down when it’s 49 cents or less.  Filed with your spouse last year—you and your spouse have the same 2023 AGI. (Don’t split the AGI amount or enter  0  for one of you).    Time-saving Tip: If what you entered is correct and you continue to get a reject, you won't be able to e-file. There's probably a data mismatch at the government, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return.    This article will give you instruction on how to print and mail your return. 
Total amount in document is 3982.59 and after federal taxes paid are deducted, the new revised amount is 3449.33.
It depends. If you are the beneficiary of your mother's portion of the estate (formerly your grandmother's)  and this is the reason you received your share of  the proceeds of the sale, you should in... See more...
It depends. If you are the beneficiary of your mother's portion of the estate (formerly your grandmother's)  and this is the reason you received your share of  the proceeds of the sale, you should include the sale on your individual tax return.  See the instructions below and the information about your cost basis. Do I need to file a state return? (click on Oklahoma) There would have been a stepped up basis on the home when it was sold so the fact you received $25,000 doesn't provide your with the inherited value on the date of death which would be your cost basis (your beneficiary share of the cost).    Your cost basis is the fair market value on the date of death of the decedent, plus the capital improvements (not repairs but improvements that are capital in nature).  The expenses of sale will reduce any gain or increase any loss as well. This is entered as the sale of investment property and can be entered as follows. Enter the inherited property sale in TurboTax using the steps provided.   Open or continue your return: Choose the Search box and type 'sale of second home' then use the Jump to link to enter your inherited sale) or follow the menu. In TurboTax Online select 'See more' in the FAQ then click 'sold second home'. Under Wages & Income scroll to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2024? screen If you land on the Your investment sales summary screen, select Add More Sales On the OK, let's start with one investment type screen, select Other, then Continue On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale On the next screen, select  Other (choose this also for inherited homes) then select  I inherited it under  How did you receive this investment? (For TurboTax Desktop you can enter a description of 'Inherited Home' and long term holding period). Estate Return: It seems there is no reason to file an estate return since there is really no money in the estate based on your comments. As far as Oklahoma is concerned you can click the link below. Most often a nonresident state return is required if you sell property that is situated there. Again, this assumes you must file your individual return since you got your share of the money and it's unclear if an estate return was filed and tax paid already.  
Total amount in document is 3982.59 and after federal taxes paid are deducted, the new revised amount is 3449.33.
Please refer to this help article for guidance on locating your .tax2023 tax file.  If you are using TurboTax Desktop, it will be saved on your computer drive.  
The IRS says in this document:   An individual claimed as a dependent must be a citizen, national, or resident of the United States, or a resident of Canada or Mexico.
If you have nothing in column A, then there should be nothing in column C.  Is this Pennie? If so, for some reason they issued a bunch of 1095-A's with an amount in column C for a month people did no... See more...
If you have nothing in column A, then there should be nothing in column C.  Is this Pennie? If so, for some reason they issued a bunch of 1095-A's with an amount in column C for a month people did not have coverage. The fix is to leave column A and B blank on that row.  Then you will be able to submit your return.  Since there were no premiums to pay, there should be no credit. 
Yes, if you sold the property for more than it cost you, you have a reportable taxable gain.   If there were no improvements, the basis is whatever you paid for the land in 2002.   The difference bet... See more...
Yes, if you sold the property for more than it cost you, you have a reportable taxable gain.   If there were no improvements, the basis is whatever you paid for the land in 2002.   The difference between that and what you sold it for is your long-term gain.   There is no depreciation taken on land.   Depending on your income level, your long term gains may not be taxable.     Where do I enter a capital gain or loss?
Is the amount sent/issued by the IRS the same as the refund amount shown on your federal tax return Form 1040 Line 35a? - https://www.irs.gov/refunds If not, then go to this IRS website for infor... See more...
Is the amount sent/issued by the IRS the same as the refund amount shown on your federal tax return Form 1040 Line 35a? - https://www.irs.gov/refunds If not, then go to this IRS website for information on reduced refunds - https://www.irs.gov/taxtopics/tc203 Are you also receiving a state tax refund?  The state tax refund is separate from the federal tax refund. Use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/questions/1899433-how-do-i-track-my-state-refund
  To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it: Connect Your Financial Accounts: Link your bank accounts and c... See more...
  To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it: Connect Your Financial Accounts: Link your bank accounts and credit cards to TurboTax. This allows TurboTax to import your transactions directly. Categorize Transactions: Once your transactions are imported, you can categorize them as business, personal, or split expenses. Import to TurboTax: At tax time, you can import these categorized expenses into your TurboTax return. You can get started with the TurboTax Expense Monitor here.   Important points: You can use the TurboTax Expense Monitor at the end of the year to import your business expenses. However, it's designed to be most effective when used throughout the year.  By regularly connecting your financial accounts and categorizing transactions, you ensure that all expenses are accurately tracked and categorized, which can save you time and reduce errors at tax time1. If you  use it only at the end of the year, make sure to review and categorize all your transactions carefully before importing them into TurboTax.
Thanks for the info. I'm going to give it until tonight and then I guess I will do what you did. I spoke with someone but no solution, they said they are working on this issue. Really? It's tax day! ... See more...
Thanks for the info. I'm going to give it until tonight and then I guess I will do what you did. I spoke with someone but no solution, they said they are working on this issue. Really? It's tax day! I will definitely be switching next year. 
If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until th... See more...
If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download 
I am using Turbotax Deluxe 2024 desktop.  I have a K-1 from form 1065 that has a loss in box 1 (ordinary income) .  It also has a positive amount in box 11 (other income) with a code of ZZ.  The net ... See more...
I am using Turbotax Deluxe 2024 desktop.  I have a K-1 from form 1065 that has a loss in box 1 (ordinary income) .  It also has a positive amount in box 11 (other income) with a code of ZZ.  The net of box 1 and box 11 is positive.   Turbotax does not seem to be considering the amount from box 11.  Shouldn't that figure be reflected somewhere?  If so, where? Thanks!
Unfortunately, nobody from this forum can call you.  You can contact us for further assistance.    As far as combining accounts, typically your TurboTax accounts are set up based upon how you set... See more...
Unfortunately, nobody from this forum can call you.  You can contact us for further assistance.    As far as combining accounts, typically your TurboTax accounts are set up based upon how you set them up.  Please see this link to verify any accounts you may have under your information.
Have you checked Where's My Amended Return? Go by that and not what the status shows in TurboTax.
I don't understand why refund has been deposited but funds have now been taken out?