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Q.  I'm uneasy about not reported the 1099-Q? A. It is actually not possible to "report" it to the IRS. You can enter in TurboTax (TT), but it will not get reported to the IRS. When the box 1 amount on form 1099-Q is fully covered by expenses, TT  will enter nothing about the 1099-Q on the actual tax forms. Most people with a 1099-Q, do not report it to the IRS. 

If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF) Or - When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2024 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets

Depends on what you mean by quick.  If you go to the 'Investment Income' section of your federal return you can review the imported 1099-B that is there.  But if there are a lot of trades then you sort of look at ten at a time and proceed to the next page.     @disoswam 

To access your tax returns (current or prior year) you will sign into the TurboTax website with the user ID you used to create the account - https://myturbotax.intuit.com/   Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)   As an alternative for current year return, when you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a State (You will not really be adding a state).    This will take you back in to the 2024 online tax return.   Click on Tax Tools on the left side of the online program screen.  Find the Print Center and choose the year you want to print.  If you want your full return including worksheets, choose the option Include government and TurboTax worksheets.   In TurboTax Online, follow these steps to print/view your return and all of the informational worksheets after you have filed:   Sign in to TurboTax Scroll down to Your Tax Returns & Documents Select 2024 and then Add a State (You aren't actually adding a State but this gets you back into the Print Center) From the left panel Select Tax Tools, scroll down a little and select Print Center Select Print, save or preview this year's return Select the 2024 Federal and/or State return box Choose to Include TurboTax and government worksheets Select View or Print Forms

Pennsylvania has a couple of weird rules that might apply here.  The state limits section 179 deduction to $25,000 in any year.  It also does not recognize the federal bonus depreciation.  So if either of those items generated your loss then they won't be recognized on your Pennsylvania return.   @thompson-traci 

On my line 38 of my 1040, "Estimated Tax Penalty", it says $250.  A few weeks later, a letter from the IRS said I owed $117 additional.   Sure seems to me that "Estimated Tax Penalty" means there was a penalty accessed for not paying enough estimated tax.  But in any event, why didn't TurboTax determine I should have paid $367 rather than $250?   Also the formula on line 37 says the amount there is equal to amount on line 24 - amount on line 33.  However TurboTax used the formula for line 37 to be:  amount on line 24 - amount on line 33  + amount on line 38.   ??

Are the cost basis available on the website of coinbase? If  not, then if you have any type of purchase records to show the cost basis you would enter that.  Basically, you will enter whatever you paid for them as the cost basis. 

To access your tax returns (current or prior year) you will sign into the TurboTax website with the user ID you used to create the account - https://myturbotax.intuit.com/   Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)   As an alternative for current year return, when you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a State (You will not really be adding a state).    This will take you back in to the 2024 online tax return.   Click on Tax Tools on the left side of the online program screen.  Find the Print Center and choose the year you want to print.  If you want your full return including worksheets, choose the option Include government and TurboTax worksheets.   In TurboTax Online, follow these steps to print/view your return and all of the informational worksheets after you have filed:   Sign in to TurboTax Scroll down to Your Tax Returns & Documents Select 2024 and then Add a State (You aren't actually adding a State but this gets you back into the Print Center) From the left panel Select Tax Tools, scroll down a little and select Print Center Select Print, save or preview this year's return Select the 2024 Federal and/or State return box Choose to Include TurboTax and government worksheets Select View or Print Forms

Earnings inside of an IRA are not taxable.  Especially inside of a ROTH IRA.  You do not need to report the earnings on your tax return.  You will pay tax on everything in the traditional IRA when you take it out.     You may have to file a 990-T if you own a business inside your IRA.  Check with your investment counselor to see if you are required.   @kfsj 

Commuting miles are not deductible. If you are itemizing, then you should have entered the medical charity miles in the federal section as donations to charity.  There is no specific tax credit or deduction for driving in NYC or NYS If you are talking about the commuter credits question, these are for self-employed individuals.  If you are not self-employed, they do not apply to you. 

Unfortunately, due to being unemployed for several months, I literally can not afford to pay the estimated quarterly tax right now since I haven't made any income for the year yet. I am reading that there is some way to pay estimated quarterly taxes based on how much income you actually make each quarter rather than equal installments?