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June 4, 2025
5:09 PM
what am i not doing
June 4, 2025
4:50 PM
If you are a professional preparer you should post on the professional website. But see if this helps:
https://www.epicbrokers.com/wp-content/uploads/2023/04/EPIC-Compliance-Alert-Correcting-HS...
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If you are a professional preparer you should post on the professional website. But see if this helps:
https://www.epicbrokers.com/wp-content/uploads/2023/04/EPIC-Compliance-Alert-Correcting-HSA-Contributions-05012023-.pdf
June 4, 2025
4:46 PM
1 Cheer
I assume you are looking at the Form 8615 Schedule D Tax Worksheet. That's where the tax on Form 8615 line 9 is calculated. TurboTax always uses the Form 8615 Schedule D Tax Worksheet just to simplif...
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I assume you are looking at the Form 8615 Schedule D Tax Worksheet. That's where the tax on Form 8615 line 9 is calculated. TurboTax always uses the Form 8615 Schedule D Tax Worksheet just to simplify its calculations a bit. As long as line 11 of the Form 8615 Schedule D Tax Worksheet is zero, i.e. there is no 28% Rate Gain or Unrecaptured Section 1250 Gain, the result is the same as if the Qualified Dividends and Capital Gains Tax Worksheet were used, and it avoids having to have a separate worksheet in the TurboTax software.
The TurboTax help for the Form 8615 Schedule D Tax Worksheet says "The program always uses the Schedule D Tax worksheet for the computation regardless if there is any 28% rate gains or 1250 unrecaptured gains since it is all inclusive."
June 4, 2025
4:39 PM
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/
When you sign onto your o...
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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/
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 File on the left side of the online program screen. On Step 3 click on Revisit. Change to e-file from mail.
June 4, 2025
4:36 PM
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June 4, 2025
4:03 PM
You can file your tax return, then apply for a payment plan on the IRS web site. Your state probably has a similar arrangement. When TurboTax asks how you will pay the tax, say that you will pay by c...
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You can file your tax return, then apply for a payment plan on the IRS web site. Your state probably has a similar arrangement. When TurboTax asks how you will pay the tax, say that you will pay by check, but don't send a check. Saying that you will pay by check is just a way of filing the tax return without paying right away.
June 4, 2025
3:43 PM
Hello, For the 2024 tax year, I am trying to figure out why TurboTax used the Schedule D Tax Worksheet to calculate Line 9 on Form 8615 vs. the Qualified Dividends and Capital Gains Tax Workshe...
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Hello, For the 2024 tax year, I am trying to figure out why TurboTax used the Schedule D Tax Worksheet to calculate Line 9 on Form 8615 vs. the Qualified Dividends and Capital Gains Tax Worksheet. My situation: Form 8615 Line 8 includes amounts from my (parent's) taxable income, which includes qualified dividends. Line 8 also includes amounts from my son's net unearned income, which also includes qualified dividends (via line 5, I presume). Based on how I interpret the Line 9 instructions ( https://www.irs.gov/instructions/i8615#en_US_2024_publink28914rd0e523 ), that means I should be using the Qualified Dividends and Capital Gains Tax Worksheet vs. what TurboTax used - the Schedule D Tax Worksheet. There is no Schedule J on my (parent's) tax return, and there is no 28% rate gain or unrecaptured section 1250 gain on any of our tax returns. There is also no Form 2555 filed on the child's return. Form 8615 lines 1 - 5 are as follows: 1) 2,954 2) 2,600 3) 354 4) 2,504 5) 354 Line 6 is my (parent's) taxable income from my Form 1040, line 15 which is inclusive of qualified dividends. What am I missing? I am sure I am misinterpreting something but I cannot figure out what. Thank you!
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June 4, 2025
3:19 PM
The client contributed to an HSA for most of the year, even though she is covered by a low deductible health plan. Obviously she doesn't qualify for the HSA deduction and needs to pay the additional ...
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The client contributed to an HSA for most of the year, even though she is covered by a low deductible health plan. Obviously she doesn't qualify for the HSA deduction and needs to pay the additional tax on the overfunded HSA. But, because she had activity in her HSA she needs to file a 8889 (with the deductible contribution limit of 0). For line 1 of the 8889, the options are HDHP self or HDHP family. She had neither. But leaving it blank gives me a critical diagnostic error. How do we file a 8889 for someone who was covered the whole year under a LDHP and made excess contributions?
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June 4, 2025
2:41 PM
And You didn’t actually pay the tax or the 10% penalty (you pay a 10% early withdrawal penalty if you are under 59 ½). You had taxes withheld like from your paycheck. You still have to enter the whol...
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And You didn’t actually pay the tax or the 10% penalty (you pay a 10% early withdrawal penalty if you are under 59 ½). You had taxes withheld like from your paycheck. You still have to enter the whole gross amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due. The Gross amount shows up on 1040 line 4a and the taxable amount on 4b. You will get credit for the withholding on 1040 line 25b.
June 4, 2025
2:37 PM
@sunapee The 2023 tax data file ends in .tax2023. And you should have also saved your return as a pdf file. Which one do you need? Are you on Windows or Mac? In Windows they should be in you...
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@sunapee The 2023 tax data file ends in .tax2023. And you should have also saved your return as a pdf file. Which one do you need? Are you on Windows or Mac? In Windows they should be in your Documents in a Turbo Tax folder. How did you delete it? Did you check the trash or recycle bin? Search your whole computer. If you don't have the main .tax file you might have one that starts with a Tilde sign ~ like "~your name.tax2023”. That file is if your computer crashes or your real file gets lost or deleted or corrupt so you can restore it.
June 4, 2025
2:22 PM
It sounds like you want to know how the estimated quarterly payments are calculated. If so, please see this link for more details.
If you are trying to understand more about when you might nee...
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It sounds like you want to know how the estimated quarterly payments are calculated. If so, please see this link for more details.
If you are trying to understand more about when you might need them, this link breaks the details out more to assist. Essentially, estimated quarterly payments are needed if you have a business or earn income from other sources where income taxes are not withheld, but which are high enough to generate a tax liability. The estimated tax payments are intended to pay for the taxes due as the income is earned.
June 4, 2025
2:05 PM
@sunapee wrote:
it is a 2023 intuit home & business return that i deleted.
To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to crea...
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@sunapee wrote:
it is a 2023 intuit home & business return that i deleted.
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 and Click on Download/print return (PDF) or Click on View adjusted gross income (AGI)
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
Or go to this IRS website for free federal tax return transcripts - https://www.irs.gov/individuals/get-transcript
For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf
June 4, 2025
2:05 PM
@rupunzlkim can't answer you question directly, but it doesn't matter what you enter. As you are over 59.5 years old, and the Roth has been opened for at least 5 calendar years, there will never be ...
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@rupunzlkim can't answer you question directly, but it doesn't matter what you enter. As you are over 59.5 years old, and the Roth has been opened for at least 5 calendar years, there will never be any taxable income related to the withdrawals. what is the code in Box 7? if a Q (which is should be), that is all TT needs to know so there is no taxable income on the distribution.
June 4, 2025
1:45 PM
ASAP needed
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June 4, 2025
1:40 PM
TurboTax offers two "Live" options, TurboTax Live Assisted and TurboTax Live Full Service. With TurboTax Live Assisted you prepare your tax return yourself, and you can contact a tax expert for help ...
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TurboTax offers two "Live" options, TurboTax Live Assisted and TurboTax Live Full Service. With TurboTax Live Assisted you prepare your tax return yourself, and you can contact a tax expert for help any time you need it. With TurboTax Live Full Service a tax expert prepares your tax return for you.
June 4, 2025
1:34 PM
1 Cheer
The federal tax that was withheld from your IRA distribution is shown in box 4 of your 1099-R. If state tax was withheld, it's shown in box 14. When you enter your 1099-R in TurboTax, you just enter ...
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The federal tax that was withheld from your IRA distribution is shown in box 4 of your 1099-R. If state tax was withheld, it's shown in box 14. When you enter your 1099-R in TurboTax, you just enter the amount of tax in those boxes on the same screen where you enter the amount of the distribution.
June 4, 2025
1:29 PM
it is a 2023 intuit home & business return that i deleted.
June 4, 2025
1:27 PM
Where are my 1040 tax form? Do I add the tax paid on the 1099R withdraw.
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June 4, 2025
1:20 PM
If you want expert help to assist you with your tax return you will need to upgrade to one of the Live editions.
See this TurboTax support FAQ for how to upgrade to Live - https://ttlc.intuit.com/t...
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If you want expert help to assist you with your tax return you will need to upgrade to one of the Live editions.
See this TurboTax support FAQ for how to upgrade to Live - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/get-turbotax-live/L2kcnq0BN_US_en_US?uid=mbie6b1q
June 4, 2025
1:10 PM
TurboTax has a partner, Sprintax and that partner deals with NR alien returns. Contact them at TurboTax - Partner of Sprintax They will assist with your NR Return and can help you with the problem...
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TurboTax has a partner, Sprintax and that partner deals with NR alien returns. Contact them at TurboTax - Partner of Sprintax They will assist with your NR Return and can help you with the problem of filing the wrong forms.