All Posts
April 21, 2025
2:58 PM
No, I didn't itemize since it wouldn't have made much if any difference with my financial standing this year. Just standard deductions. Didn't realize that may or may not have made a difference. ...
See more...
No, I didn't itemize since it wouldn't have made much if any difference with my financial standing this year. Just standard deductions. Didn't realize that may or may not have made a difference. Thanks for any help.
April 21, 2025
2:54 PM
When I try to submit my return, I receive this message ""the submission was a duplicate of one that was received. Please contact customer support." I have spent over 10 hours on the phone with fo...
See more...
When I try to submit my return, I receive this message ""the submission was a duplicate of one that was received. Please contact customer support." I have spent over 10 hours on the phone with four different representatives. no one has any idea why this technical error is happening.
April 21, 2025
2:52 PM
The worksheet is included in the desktop version of the program. The online version apparently does not have access to it in the 2024 version of the program.
@Benoit2
@thomas-vainius-c
April 21, 2025
2:46 PM
1 Cheer
You need to enter your 1099-R in the 1099-R section and let the system populate the 4852 for you. You have worked backwards and confused the machine.
To start with clear the entries that you h...
See more...
You need to enter your 1099-R in the 1099-R section and let the system populate the 4852 for you. You have worked backwards and confused the machine.
To start with clear the entries that you have made in the 4852. May be easiest to delete the form.
Then go the the 1099-R section in the wages and income section of your federal return. After you enter the information for the 1099-R that you want to create check the box for I need to create a substitute 1099-R. The system will ask questions about it and after you answer those questions you'll get your 4852.
@MikeL15
April 21, 2025
2:45 PM
1. The Problem
In 2024, I sold units of several Master Limited Partnerships (MLP). As you know, the dividends
paid by MLPs are untaxed (behaving as a return of capital) but accumulate as a reduction i...
See more...
1. The Problem
In 2024, I sold units of several Master Limited Partnerships (MLP). As you know, the dividends
paid by MLPs are untaxed (behaving as a return of capital) but accumulate as a reduction in the
cost basis from the original purchase price. As time passes, this results in a progressively smaller
value for the “purchase price cost basis”. In my situation, I had purchased several units (shares)
of Cheniere Energy Partners (CQP) in 2011and by 2024, the accumulated dividends significantly
exceeded the original purchase price. Therefore, the “adjusted” basis purchase price became
negative. TT cannot accept a negative value but it “said” that zero was acceptable.
When you are ready to calculate the gain, TurboTax (TT) subtracts the “adjusted” purchase price
from the selling price (less the selling expense) to calculate the net capital gain. If you (could)
use a negative purchase price, that would add to the selling price to yield a higher and “true”
value for the profit. A zero, however, understates the gain.
That bothered me as I want to pay the correct tax and that means that although a negative
purchase price value gives the correct result for capital gain it is forbidden by TT’s code. Further,
Page 2 of 2
TT is also bothered by the zero price input so it won’t let you E-file. Neither will the two states I
file in.
April 21, 2025
2:43 PM
We reside in New Jersey. My wife's income is earned in New Jersey. My income is earned in New York. Each we would adjust Taxable Wages down by subtracting my NY wages from Line one on the New Jersey ...
See more...
We reside in New Jersey. My wife's income is earned in New Jersey. My income is earned in New York. Each we would adjust Taxable Wages down by subtracting my NY wages from Line one on the New Jersey Line One for wages. Is this not the correct way to report the wages?
April 21, 2025
2:43 PM
Enter only 25 lines. On the last line, enter "More than 25 countries." Per the instructions for FBAR, you are required to enter the total number of accounts and not the individual account information...
See more...
Enter only 25 lines. On the last line, enter "More than 25 countries." Per the instructions for FBAR, you are required to enter the total number of accounts and not the individual account information.
You have the option to attach a separate list of all signatory accounts, but you would need to print, sign, and mail your return in order to include that information.
April 21, 2025
2:41 PM
1 Cheer
If you are talking about a 6-digit Identity Protection PIN (IP PIN), you use the 2025 IP PIN for any return that you file IN 2025, no matter what year the return is for.
April 21, 2025
2:38 PM
Does Form 1099-R have Box 7 Code D for Annuity payments from nonqualified annuities? That's unlikely as most private pension plan annuities for employees are qualified plans. Indicating this was a qu...
See more...
Does Form 1099-R have Box 7 Code D for Annuity payments from nonqualified annuities? That's unlikely as most private pension plan annuities for employees are qualified plans. Indicating this was a qualified annuity will avoid the source question.
April 21, 2025
2:36 PM
Need someone to help me
Topics:
April 21, 2025
2:36 PM
The description on my direct debit tax payment is "IRS DES:USATAXPYMT." I don't know if that description comes from the IRS or from the bank.
April 21, 2025
2:35 PM
I filed February 3rd and it was accepted February 4th as of February 12th I've done my federal verification of identity and return that's been accepted and also sent proof of income for 2024 my transc...
See more...
I filed February 3rd and it was accepted February 4th as of February 12th I've done my federal verification of identity and return that's been accepted and also sent proof of income for 2024 my transcripts show an as of date for today 04/21/2025 and I haven't heard back from IRS from February to now it's been well over 30 days when will I be able to check where's my refund
April 21, 2025
2:35 PM
1 Cheer
I reported this problem last year with no response and no fix. Is Intuit going to address this issue? "Your taxes done right, guaranteed" Doubt it.
April 21, 2025
2:33 PM
1 Cheer
Use the most current IP Pin you have. The IRS will issue you a new IP PIN each year. The new one will inactivate the old one. See IRS FAQs for IP PINs
April 21, 2025
2:29 PM
1 year later and the bug is still there and no response from Intuit.
April 21, 2025
2:26 PM
Please help!!
April 21, 2025
2:25 PM
I am filing an Amended Return for the 2023 Return ... which PIN should I be using ? Should I be using the PIN that I had used to filed the original 2023 Tax Return with (the PIN that I obtained from...
See more...
I am filing an Amended Return for the 2023 Return ... which PIN should I be using ? Should I be using the PIN that I had used to filed the original 2023 Tax Return with (the PIN that I obtained from IRS in Calendar Year 2024) ? Or, Should I be using the PIN that I had obtained from IRS in Calendar Year 2025 (to file the 2024 Tax Return with) ?
April 21, 2025
2:22 PM
@fanfare a follow-up question if you don't mind ... For my Amended return (Form 1040X), which PIN should I be using ? Should I be using the PIN that I had used to filed the original 2023 Tax Return ...
See more...
@fanfare a follow-up question if you don't mind ... For my Amended return (Form 1040X), which PIN should I be using ? Should I be using the PIN that I had used to filed the original 2023 Tax Return (the PIN that I obtained from IRS in Calendar Year 2024) ? Or, Should I be using the PIN that I had obtained from IRS in Calendar Year 2025 (to file the 2024 Tax Return with) ? Thank you !
April 21, 2025
2:21 PM
I DO NOT HAVE A PRINTER—WHAT CAN I DO?
We cannot solve your printer problem for you TurboTax cannot print it for you. If you do not have a working printer, you can access your account from ...
See more...
I DO NOT HAVE A PRINTER—WHAT CAN I DO?
We cannot solve your printer problem for you TurboTax cannot print it for you. If you do not have a working printer, you can access your account from any computer that has internet access and print your return. Or save it to a flash drive. Perhaps you need to see if a friend or relative can let you print from a computer with a printer. Or print it at a UPS place or Staples, etc.
April 21, 2025
2:20 PM
I think the school should have reported the bonus on a W-2, even though you were no longer an active employee, and they should have withheld Social Security and Medicare taxes, as they would have if ...
See more...
I think the school should have reported the bonus on a W-2, even though you were no longer an active employee, and they should have withheld Social Security and Medicare taxes, as they would have if it had been reported on a W-2.
You can report the bonus on your tax return as additional wages that were not reported on a W-2. You will pay income tax on it, and also the Social Security and Medicare taxes that the employer should have withheld. You will pay the same amount that you would have paid if your employer had reported it on a W-2.
The bonus will be reported on Form 1040 line 1g. Form 8919 will be included in your return, with reason code H in column (c). Form 8919 calculates the Social Security and Medicare taxes. The total of these taxes will appear on Schedule 2 line 6 and will be included in your total tax liability.
In TurboTax, do not enter the 1099-NEC. Here's how to enter the bonus in TurboTax.
Go to Federal Taxes > Wages & Income.
Click "I'll choose what I work on."
On the screen "Your 2024 Income Summary," scroll all the way down to the last section "Less Common Income." Click the Start button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."
On the next screen click the Start button for "Other income not already reported on a Form W-2 or Form 1099."
The next screen asks "Did you receive any other wages?" Select Yes and click Continue.
The next three screens ask about household employee wages, sick or disability pay, and Medicaid waiver payments. Click Continue on these three screens without entering anything.
The next screen asks "Did you earn any other wages?" Select Yes and click Continue.
The next screen asks the source of the other earned income. Select "Employee compensation that was not reported on a W-2." Click Continue. Ignore the note that says not to enter payments for which you will receive a 1099.
On the next screen, "Employee Compensation Not Reported on a W-2," click Continue.
If you are filing a joint return, you will get a screen asking which one of you the income is for. Select your name and click Continue.
On the next screen, "Report Your Wage Income," enter the employer's name and EIN from your last W-2. For Total Wages Received, enter the total amount of the bonus that you received for the year. Check the box that says "I received a Form 1099-MISC for this income." For the Reason Code select "H - I received a Form W-2 and a separate Form 1099-MISC and/or 1099-NEC and the income should have been reported on Form W-2." Click Continue.
Read the next screen, "Report as Wages," and click Done.