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April 23, 2025
4:10 PM
Great, thank you!
April 23, 2025
4:09 PM
I understand that I would be paying tax I'm not required to pay, but I need to report this gift income for other purposed outside of the IRS. So, since it is too late to amend my return via TurboT...
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I understand that I would be paying tax I'm not required to pay, but I need to report this gift income for other purposed outside of the IRS. So, since it is too late to amend my return via TurboTax, then I'll be submitting paper copies of the 1040X and 1040V and my payment via snailmail? Or is there another way? Thanks.
April 23, 2025
4:09 PM
My set of circumstances is that my now ex would not file his self employment taxes. Finally got him to an accountant in 2015 to file 2013 to 2017. Again, did not file taxes and it is now 2025. I divo...
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My set of circumstances is that my now ex would not file his self employment taxes. Finally got him to an accountant in 2015 to file 2013 to 2017. Again, did not file taxes and it is now 2025. I divorced in Feb 2024 due to this mess. So I am retired as of Jan 2023 at 62. (I would not have retired had I known I would be getting a divorce. The divorce filing was to hopefully set a fire under him to get him to get his things in order. Fail.) I get a 1095a for health insurance. In order to keep getting health insurance they want my 2022 and 2023 1095s filed. So I know I need to file Married filing seperately for those 2 years. Do I file my own medical, etc. And he files his self employment papers under his? I live in a state where Social Security is not taxed but I have 10 percent taken out to get health insurance. (You have to file taxes to receive. Thank you for any ideas on this mess!!
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April 23, 2025
4:08 PM
Yes, as I stated in my original post, I did that. Doesn't matter, I just let it think there's an error, I verified the forms and they were correct so I filed with it.
April 23, 2025
4:08 PM
No, only the forms that had changes need to be mailed with the 1040X.
April 23, 2025
4:07 PM
1 Cheer
No, you are considered owner of a sole proprietorship business and your contract income is reported on your business return which is the Schedule C. The 1099-NEC is issued from the other parties bus...
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No, you are considered owner of a sole proprietorship business and your contract income is reported on your business return which is the Schedule C. The 1099-NEC is issued from the other parties business.
Refer to the TurboTax articles Beginner's Guide to Sole Proprietorship Taxes and Tax Tips for Sole Proprietors for more information.
@amla809
April 23, 2025
4:06 PM
I have done this many times. Each time I would retry the check would catch this. I would enter zero and it would proceed to tell me I cannot efile. I have deleted the schedule x, deleted the state re...
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I have done this many times. Each time I would retry the check would catch this. I would enter zero and it would proceed to tell me I cannot efile. I have deleted the schedule x, deleted the state return as others have said and redone it. Each time the review regenerated schedule x and asked me for that input which I entered zero. Anyway the point is moot. I have filed via the state website on my own.
April 23, 2025
4:05 PM
You need to go back through your Massachusetts return and make sure that you enter the gambling losses in the correct spot. There are two places in the return where the program asks for gambling inf...
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You need to go back through your Massachusetts return and make sure that you enter the gambling losses in the correct spot. There are two places in the return where the program asks for gambling information.
The fist one asks about specific Massachusetts lottery winnings, you should not enter anything there. Then there is a question about Massachusetts, select "Had gambling losses incurred at certain licensed establishments." In the next question enter the losses.
See the images below for your reference:
@ronhaha108
April 23, 2025
4:02 PM
No. The 1099NEC is from his business to your business. Yes you are the owner of your own self employment business. You are in business for yourself. Use your own info. The people or company that...
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No. The 1099NEC is from his business to your business. Yes you are the owner of your own self employment business. You are in business for yourself. Use your own info. The people or company that pays you is your customer or client. You need to fill out schedule C for self employment business income. You are considered to have your own business for it. YOU are the business. Actually I would just enter your total income as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C. How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653
April 23, 2025
4:01 PM
It is not too late to issue a corrected W2. And yes, you should file an amended return that shows that you took out the $250. You should not be paying taxes for someone else's mistake. And if you ...
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It is not too late to issue a corrected W2. And yes, you should file an amended return that shows that you took out the $250. You should not be paying taxes for someone else's mistake. And if you don't amend the return the penalty will be on your 2025 tax return as well.
@tinktank
April 23, 2025
4:01 PM
The old keypad sequence you can find on this forum doesn't work now since the prompt have changed for 2025. do not press any keys. when the agent asks for a few words, say "Agent" next, descibe yo...
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The old keypad sequence you can find on this forum doesn't work now since the prompt have changed for 2025. do not press any keys. when the agent asks for a few words, say "Agent" next, descibe your issue in a way that implies human contact is required.. It shouldn't matter which agent you are connected to. @mook20675
April 23, 2025
3:59 PM
Will the actual owner of the business encounter issues with their business being listed as mine on my tax return?
April 23, 2025
3:56 PM
i am curious, do you answer the question or you like to read question. i read most of the question, almost everybody asked the same Q but i couldn't find your answer posted. I posted an question, bu...
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i am curious, do you answer the question or you like to read question. i read most of the question, almost everybody asked the same Q but i couldn't find your answer posted. I posted an question, but i never got the answer
April 23, 2025
3:56 PM
Great! Thank you, CatinaT1!
April 23, 2025
3:54 PM
All you need to do is enter 0 during the review. Even if you delete it, it reappears because you have an amount in Box 10 of a w-2. But since you are not taking a credit, it does not get e-filed ...
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All you need to do is enter 0 during the review. Even if you delete it, it reappears because you have an amount in Box 10 of a w-2. But since you are not taking a credit, it does not get e-filed with your return. The missing zero on Sch X, Part ll Smart Wks line a needs a zero to pass the error check.
When going through the review, enter 0, then scroll down and click on Continue. Then e-file your return. @ScottyB81
April 23, 2025
3:54 PM
1 Cheer
No. It will not effect your state return. 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 guid...
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No. It will not effect your state return. 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
April 23, 2025
3:54 PM
So I followed your steps: 1. Went into the return that I filed and was accepted 2. Deleted the 1095-A and 8962 3. Went out of the return and went to amend 4. Added back the 1095-A info 5. A...
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So I followed your steps: 1. Went into the return that I filed and was accepted 2. Deleted the 1095-A and 8962 3. Went out of the return and went to amend 4. Added back the 1095-A info 5. An 8962 and a 1040X was generated So does the entire return, all the forms, etc. get filed along with the 1040X? Now I see an additional amount owed that looks a few thousand dollars less that the original Premium Tax Credit I owed on the updated original return.
April 23, 2025
3:53 PM
1 Cheer
Your income from Form 1099-NEC is correctly reported on Schedule C. The IRS considers this contract income as self-employment income. The good thing is that you'll be able to deduct reasonable and c...
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Your income from Form 1099-NEC is correctly reported on Schedule C. The IRS considers this contract income as self-employment income. The good thing is that you'll be able to deduct reasonable and customary business expenses from that income.
You can amend your taxes if you want to add expenses that you incurred while working as a contractor. Refer to the TurboTax article What is a 1099-NEC?What is the self-employment tax? for more information.
For additional information, refer to the TurboTax Help articles How to File Taxes with IRS Form 1099-NEC, Reporting Self-Employment Business Income and Deductions, and What self-employed expenses can I deduct?
April 23, 2025
3:53 PM
Hi, I forgot to include my 1099-SA for HSA distributions for 2023. They were used for medical expenses so no refund amount changes. I know I need to amend my federal return, do I also need to mai...
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Hi, I forgot to include my 1099-SA for HSA distributions for 2023. They were used for medical expenses so no refund amount changes. I know I need to amend my federal return, do I also need to mail in an amended state return? I am in Illinois. Thank you
April 23, 2025
3:52 PM
Hi, My W-2 reported an excess contribution of $350, but this was incorrect. I actually only had an excess contribution of $50. I had contacted my employer, but they were not able to research this...
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Hi, My W-2 reported an excess contribution of $350, but this was incorrect. I actually only had an excess contribution of $50. I had contacted my employer, but they were not able to research this in time, so I requested to take back $50 from my HSA (putting me in proper compliance with the $4150 limit for 2024. I had indicated in TurboTax that I was taking out that $50, but that left $250 extra according to my W-2. Since filing, it was determined that there was indeed an accounting error and I was not $250 over. What do I do now? Do I file an Amended return saying I "took out" $250? If so, where do I find the place in Turbotax to do that (I'm struggling finding this part in the amendment options)? Do I need to do something else? My employer says it's too late to issue a new corrected W-2.