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April 25, 2025
2:54 PM
The 60th day following 2/26/2025 is 4/27/2025. However, that's still on the weekend. If you have a local bank at which you can establish a Roth IRA doing business on Saturday, 4/26/2025, you could ...
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The 60th day following 2/26/2025 is 4/27/2025. However, that's still on the weekend. If you have a local bank at which you can establish a Roth IRA doing business on Saturday, 4/26/2025, you could make the rollover deposit there (assuming that you made no rollover of any other IRA distribution made after 2/27/2024). The rollover can be to any of your Roth IRAs. If you meet the requirements for qualified distributions from your Roth IRAs, that applies to all of your Roth IRAs, not separately to any particular Roth IRA.
April 25, 2025
2:36 PM
1 Cheer
@eeadaptiveriding wrote:
I understand that. My question was if I needed to pay in quarterly estimated taxes. Not just SE taxes in general. I started trying to fill out the table to see if I need...
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@eeadaptiveriding wrote:
I understand that. My question was if I needed to pay in quarterly estimated taxes. Not just SE taxes in general. I started trying to fill out the table to see if I needed to, but it’s too complicated for me, and I couldn’t find the turbo tax SE estimated taxes in calculator that they advertised.
If that is your ONLY taxable income, then your SE tax would be about $360 and you would not owe any income tax. You will usually be penalized for not making quarterly payments if you owe more than $1000 at tax time, so you would not have to make quarterly payments.
However, if this is adding on to other income, then you may need to make extra payments, or adjust your withholding at a regular job to have more tax withheld from your paychecks. (Either way as long as the IRS gets their money.). You will generally owe estimated payments unless the total you pay into the system from withholding is at least 90% of this year's tax bill, or 100% of last year's tax bill. If added on to other income, you could owe between $650 and $900 in additional tax (compared to what you would owe without the side job)
On the other hand, if you normally get a refund, and you are adding this side income on to your normal tax return, your refund would just be $650 to $900 smaller than before, and you would not need to make payments unless you wanted a larger refund (getting those payments back).
April 25, 2025
2:31 PM
It seems TT is sending me in circles when I choose "Amend a Return." Tells me to save the return with a different name and then amend it by filling in the new numbers in the right fields. No problem....
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It seems TT is sending me in circles when I choose "Amend a Return." Tells me to save the return with a different name and then amend it by filling in the new numbers in the right fields. No problem. But then when I go to e-file, despite going through the Federal Review, it says there is no return selected to file -- yet there is no place to select a file. I followed all the steps. Why can't I e-file the amended return? I filed the original in early March, so my particular return's e-file date should not be a factor. Thanks in advance.
Topics:
April 25, 2025
2:04 PM
i have a rejection linked to 8862. Please, I need some guidelines to fix. I actually jump the form in the return and resubmit if that the only step to fix this. Thanks
April 25, 2025
2:02 PM
No schedules?
If you have not registered, paid or e-filed you can clear and start over in a lower version of the software.
CLEAR AND START OVER
https://ttlc.intuit.com/turbotax-support/en-u...
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No schedules?
If you have not registered, paid or e-filed you can clear and start over in a lower version of the software.
CLEAR AND START OVER
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-turbotax-online/L37BZFuBV_US_en_US?uid=m6b26ost
https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m5ydiw67
If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.
TurboTax Online: Important Details about Filing Simple Form 1040 Returns
If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible.
Examples of situations included in a simple Form 1040 return (assuming no added tax complexity):
W-2 income
Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B
IRS standard deduction
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
Student loan interest deduction
Taxable qualified retirement plan distributions
Examples of situations not included in a simple Form 1040 return:
Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions
Unemployment income reported on a 1099-G
Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers)
Stock sales (including crypto investments)
Income from rental property or property sales
Credits, deductions and income reported on other forms or schedules
1095A for marketplace health insurance
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
Or—-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
Or—if you live in certain states you may be eligible to use the new IRS Direct File
In Filing Season 2025, Direct File will be available in Alaska, Arizona, California, Connecticut, Florida, Idaho, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Washington, Wisconsin, and Wyoming.
https://directfile.irs.gov/
https://home.treasury.gov/news/press-releases/jy2629
April 25, 2025
2:00 PM
My wife is a real estate agent and will be using the vehicle for more than 50% of the time. Let's say she does not gross more than the deduction, will it offset the W2 income i have ?
Topics:
April 25, 2025
1:58 PM
Why am I being charged $79 to file my federal return? It's a simple return with no schedules and the deadline for GA is May 1st.
April 25, 2025
1:45 PM
1 Cheer
Try this one:
https://www.calcxml.com/calculators/self-employment-tax-calculator (non-TT site)
April 25, 2025
1:29 PM
I understand that. My question was if I needed to pay in quarterly estimated taxes. Not just SE taxes in general. I started trying to fill out the table to see if I needed to, but it’s too complicate...
See more...
I understand that. My question was if I needed to pay in quarterly estimated taxes. Not just SE taxes in general. I started trying to fill out the table to see if I needed to, but it’s too complicated for me, and I couldn’t find the turbo tax SE estimated taxes in calculator that they advertised.
April 25, 2025
1:17 PM
To request a refund for a TT product
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-refunds/request-refund-turbotax-product/L834M6uyW_US_en_US?uid=m6meybc2
April 25, 2025
1:16 PM
I wonder if you used online TurboTax by mistake.
We see people get confused and they keep logging in to online software which will require them to pay at the end. You need to use the desk...
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I wonder if you used online TurboTax by mistake.
We see people get confused and they keep logging in to online software which will require them to pay at the end. You need to use the desktop software. One way to tell if you are using the right software---your tool bar. Online software has the toolbar in a black vertical column on the left side of the screen. Desktop software has the tools up on the top of your TT screen.
You appear to be posting from online software instead of the desktop CD/download software that the license code is for. If you are using online, you are using the wrong program. You need to switch to the desktop software to get what you paid for. You have to download it, update it and open it up from your own hard drive to use it.
https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-the-turbotax-software/00/26129
HOW DO I GET STARTED WITH TT DESKTOP
https://ttlc.intuit.com/turbotax-support/en-us/help-article/license-information/install-turbotax-cd-download-software-license-code/L1wFOSXur_US_en_US?uid=m5zp8c5h
April 25, 2025
1:13 PM
I purchased the PREMIER software edition because I own rental property and had a 1099 misc. form to declare for income. I have used TURBO TAX for the last 10+ years with no problems. This time the ...
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I purchased the PREMIER software edition because I own rental property and had a 1099 misc. form to declare for income. I have used TURBO TAX for the last 10+ years with no problems. This time the the software loaded without issue, all went well until I tried to load the 1099 misc. form. A message appeared saying that I was using the wrong software program. It stated that I had the BASIC program and could not report the rental income. If I wanted to update to the PREMIER program that would be $200. Needless to say, I reloaded the software thinking perhaps I had the wrong code entered. NOTHING helped and when I tried to return it to SAM'S CLUB for my $90. refund I was denied. So I actually used a somewhat free online software. I would appreciate a refund for your defective product. Patricia Feden [email address removed]
April 25, 2025
1:13 PM
ok, I re-read the response provided to my question. So since I'm not actively involved in the LP, the passive losses should offset my passive gains I would think (in this case, interest income on th...
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ok, I re-read the response provided to my question. So since I'm not actively involved in the LP, the passive losses should offset my passive gains I would think (in this case, interest income on the K1). Turbotax is only including the interest income on my overall taxable income and doing nothing with the loss from what I can tell. Any ideas?
April 25, 2025
1:10 PM
Thank you. But I already did that. Apparently since that form is not part of the package sent to the IRS it isn’t included in the PDF.
April 25, 2025
1:08 PM
First, qualified dividends can never be greater than total dividends. At best they can be equal.
Second, if your wife received a distribution from the trust then a portion of that distribution...
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First, qualified dividends can never be greater than total dividends. At best they can be equal.
Second, if your wife received a distribution from the trust then a portion of that distribution would be considered the capital gains and be taxable.
@Ian B
April 25, 2025
1:07 PM
Thanks for the confirmation.
April 25, 2025
1:05 PM
The last time ---until today---that you posted a question to the user forum under your username @marieboo11 was over three years ago in 2022. You asked for help a few years ago, received a reply a...
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The last time ---until today---that you posted a question to the user forum under your username @marieboo11 was over three years ago in 2022. You asked for help a few years ago, received a reply and did not post again. We cannot help effectively if we do not understand the details of your problem. If you are having a problem with a 2024 tax return, we can help if you ask us a complete specific question.
April 25, 2025
1:04 PM
To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Start the 2024 online tax return by ...
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To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Start the 2024 online tax return by entering some personal information then click on Tax Home on the left side of the screen.
On the Tax Home webpage -
Scroll down to the section Your tax returns & documents. Click on the Year 2022 and Click on Download/print return (PDF)
April 25, 2025
1:02 PM
1 Cheer
No, you should be able to add the details of the 1099-INT and then e-file the amended returns. A missing 1099 is one of the most common reasons taxpayers have to file amended returns. As long as ...
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No, you should be able to add the details of the 1099-INT and then e-file the amended returns. A missing 1099 is one of the most common reasons taxpayers have to file amended returns. As long as you file the amended returns by 10/15/25, you should have no issues filing them electronically. @popomama1