All Posts

The credit is so you can pay for care so that you (and your spouse if married) can work or go to school full time.  Do you even qualify, if you did not pay for care for the younger child?  Was placing your child in preschool necessary so you could go to work?   Even though you have a care expense, and you can get the credit on your tax return, you can be at risk if audited, unless the placed the child in preschool so you could work.   Assuming you are eligible, this error seems to be a mistake by Turbotax.  The IRS allows you to claim the credit even if you paid $0 for one of your qualifying children.  To get around this, try adding $1 to the second child and reducing the first child's expenses by $1.     

Here is where you will enter your sale of the book of business. Sale of Business Property: Income and Expenses at the top Scroll down to Other Business Situations For TurboTax Desktop: Business Income and Expenses > Less Common Business Situations Select Sale of Business Property Select Sales of business or rental property that you haven't already reported. Answer 'Yes' to Do all of the following apply...? Enter your sales information: Description of the Property (Machine Type) Sales Price/Sales Expenses  Date acquired and date sold Cost Depreciation

First of all, you would had needed to amend through SprintTax, because they handle all non-resident returns, including amended ones. Did you amend through them?   Secondly, if you did amend through SprintTax, they know that there is a tax treaty with Indonesia. TurboTax does not have the ability to prepare 1040 NR or amended ones.   I'd suggest contacting SprintTax here to see if you prepared the amendments correctly. If you have already had your returns preapred by SprintTax, rest assured these were done correctly.    

Since you took possession of the business in 2025, you will report the purchase on your 2025 tax return. All assets would have an in-service date of 1/1/25.   Even though you paid for the business in 2024, you didn't "open for business" until the next year.

If you used TurboTax Online you can use the link below to enter your capital loss carryover. This can be done on an amended return. How do I enter my capital loss carryover? How do I amend my federal tax return for this year? @kent-deary 

That's kind of complicated and not really a tax question.   From the non-profit's point of view, there might be certain risks to using volunteers rather than paid employees.    It depends on the nature of the work, the risks, and so on.  For example, if they need office help at specific times, they might rather have a paid employee than a volunteer who is under no legal obligation to show up.  Or there might be insurance concerns.  On the other hand, there might be benefits to using volunteers.  It will be cheaper for the organization to get a $5000 donation from you than you pay you $10,000 and have you donate $15,000, because the organization has to pay employment taxes on your wages even if you return the net amount to them.   For your income tax purposes, being a paid employee might have certain benefits, like entitling you to family leave under state law, or unemployment compensation and worker's comp.  Being a paid employee also gets you credits in the social security system which might be a long-term benefit for retirement or disability.  But of course, you pay those taxes.   As a donor, you can't deduct a donation from which you personally benefit.  Whether you decide to volunteer and donate less, or be an employee and donate back your salary, it is important that the decisions about how to spend those resources are made by other people -- the manager, board of directors, or whatever.  If you were going to be the manager, and you would be in a position to decide how to spend your own donations, that puts you and the charity at increased risk, especially if you spend the money in a way that directly or indirectly benefits you (such as buying supplies from a family owned business).     If you don't donate enough overall to itemize your deductions, there is very little difference between the two arrangements financially, other than the social security and medicare tax.

No.  The interest is treated the same whether it is reported on the 1098 or not.  Amending would not make a change in your return.  In general, you should not amend your return until your return has been processed, so if the IRS is looking for the 1098, they would contact you or send you a letter of correction and you would simply respond to that. 

@Melgriffith Please explain-----did you use the current online program and enter 2023 income instead of your 2024 income?   Were you trying to prepare a 2023 return?  Did you e-file?   Was the e-file accepted or rejected?

Have you tried all the recent options presented in this thread? Deleting, entering zero, switching entries, etc.? If so, and you are still seeing the form error, please follow the instructions posted previously for obtaining and posting a token for your return.   @snowtwins67 

The following questions must be answered correctly so that your incentive is not recognized as self employment.   Open your TurboTax Online or TurboTax Desktop tax return Search (upper right) > type 1099misc > click the Jump to... link Begin your entry of the 1099-MISC. Be sure to select No this did NOT involve work and No it did not involve an intent to earn money Continue to complete this section.