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You can likely just report the W-2 on your tax return.   I believe what you mean is you have income on your W-2 form equal to the value of the stock you acquired and some of those shares where so... See more...
You can likely just report the W-2 on your tax return.   I believe what you mean is you have income on your W-2 form equal to the value of the stock you acquired and some of those shares where sold to pay the payroll taxes associated with that income. The sale of the stock most likely did not result in any gain since they would have been sold at the time they were acquired. So, if the company did not issue you a 1099-B form reporting the sale, you probably don't need to bother with it as no significant gain or loss resulted. If they did issue you a Form 1099-B, the cost basis of the shares sold would be just about equal to the sales proceeds, so you could report it but only a nominal amount of gain or loss would result.          
The advice may be to add $1 to the Massachusetts (MA) return in an income section so that it does recognize an adjustment and more accurately reflect the correct tax with the Schedule R/NR.   Ple... See more...
The advice may be to add $1 to the Massachusetts (MA) return in an income section so that it does recognize an adjustment and more accurately reflect the correct tax with the Schedule R/NR.   Please update here if you need additional assistance.   @RobertPila 
My 1099-R has an amount in box 2a (taxable amount) for a nonqualified annuity purchased with after-tax money. The annuity should therefore be only partially taxable, but after entering the 1099-R, it... See more...
My 1099-R has an amount in box 2a (taxable amount) for a nonqualified annuity purchased with after-tax money. The annuity should therefore be only partially taxable, but after entering the 1099-R, it does not provide any  interview questions that allow me to enter the data needed to calculate the correct taxable amount per Pub 939 General Rule or Simplified Method. Can you tell me where this can be entered?
What was your situation prior to getting married?  This will determine how you would answer that question.    If no one (other than your spouse) paid for more than half of your support for the ye... See more...
What was your situation prior to getting married?  This will determine how you would answer that question.    If no one (other than your spouse) paid for more than half of your support for the year, then you would say YES, you supported yourself.    If you were living with your parents prior to getting married, and depending on how old you are, you would use your total expenses for the year and figure out how much you contributed to the expenses versus your parents.  If you are married, you and your spouses income count as you supporting yourself.  You can use this worksheet to determine if you did or did not pay over half of your support for the year.     In order for someone else to claim you the following criteria would have to apply: To claim someone as a Qualifying Relative, they must be: Your child ( including step children, adoptive children and foster children) or a descendent of them Your sibling (including half siblings) or a child of your sibling or a sibling-in-law Your parent or grandparents, including step parents and in laws Any other person that lived with you for the entire tax year Not a qualifying child of another taxpayer Someone that you provided over half of their support for during the tax year Has less than $5,200 in income (not counting social security)   The following criteria must be met to claim someone as a qualifying child: Your child (including adopted and foster children), your sibling, or a descendent of any of them. Age 18 or younger at the end of the tax year OR under 24 (and younger than you and your spouse) if they are a full-time student or any age if they are totally and permanently disabled Lived with you for more than 6 months during the tax year They did not provide more than half of their own support (social security does not count) They did not file a joint return, unless it was to claim a refund
I need help getting my identification number
Thank you!
The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule... See more...
The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Switch Products on the lower left side of the program screen while working on the 2025 online tax return. Click on Clear & Start Over   Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   Please Note - TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible. If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition or TurboTax Live Assisted Basic (if available), or you can file with TurboTax Full Service at the listed price. Situations covered (assuming no added tax complexity): W-2 income Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Situations not covered: Itemized deductions claimed on Schedule A Unemployment income reported on a 1099-G Business or 1099-NEC income Stock sales (including crypto investments) Rental property income Credits, deductions and income reported on other forms or schedules
We purchased a new central air conditioner that cools both our private home and our short-term rental simultaneously. Is it still considered to be used 100% for business use even though both areas ge... See more...
We purchased a new central air conditioner that cools both our private home and our short-term rental simultaneously. Is it still considered to be used 100% for business use even though both areas get cooled?
Improvements are listed as assets. Follow these steeps to explore the possibilities: Open to your rental schedule and locate the assets section. Program asks Did you buy any items that cost $2500... See more...
Improvements are listed as assets. Follow these steeps to explore the possibilities: Open to your rental schedule and locate the assets section. Program asks Did you buy any items that cost $2500 or less? Select your answer based on the cost of the lift. If the lift was $2500 or less, the program will let you take it all here. If over $2500, select intangibles to enter the lift. Program asks Do you want to take the Special Depreciation Allowance? If you installed the lift after January 19, 2025 you can take the Special Depreciation Allowance of 100% and write off the lift this year. Select Yes   You do have another option: deduct up to $15,000 this year because it is a wheelchair lift- it is a removal of architectural barriers. You would not list as an asset. It is just an other expense. Description: Section 190 barrier removal.
Thank you for the token files.   Can you please let me know if there are any state returns attached to those token files?  
How to correct error 8962 when u entered exactly what the w2 has?
Hi, Code in box 7 is T Will let you know when I get a token number. Definitely would like this fixed for the future.  Thanks!
Can you clarify which state?  Thanks. @javacolin 
You can check on the Massachusetts Depertment of Revenue website at Check the status of your Personal Income Tax refund.   You need to enter: Tax year of the refund Your Social Security n... See more...
You can check on the Massachusetts Depertment of Revenue website at Check the status of your Personal Income Tax refund.   You need to enter: Tax year of the refund Your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN) Refund amount. You can also call them at (617) 887-6367.  
Instructions followed, but 4797 did not get deleted.  Keeps reappearing.
The Form 1099-B would report the sale of an investment. It may have been from a company merger, stock split or something else that you were not directly involved with. You will have to determine what... See more...
The Form 1099-B would report the sale of an investment. It may have been from a company merger, stock split or something else that you were not directly involved with. You will have to determine what security is involved and then determine if you owned it for more than one year before 2025. If so, any date you chose in 2025 would give you the correct long-term gain treatment of a security held more than one year before you disposed of it. If you held it around one year, then you would need to do some research to find out when exactly the disposition took place, as the exact date would matter.
It depends. What do you mean by he is supporting himself, but living with you?  If he supports himself, then he is not considered your dependent so you cannot claim him on your taxes.  In order to cl... See more...
It depends. What do you mean by he is supporting himself, but living with you?  If he supports himself, then he is not considered your dependent so you cannot claim him on your taxes.  In order to claim your child, as a qualifying child, they cannot provide over half of their own support.  If they are a qualifying relative, you would have to provide over half of their support.  If your child is supporting himself, then you would not be able to claim him.    Support includes, housing, food, clothing, education, transportation, medical and utilities.  So if he is not paying you to live in your house, then it is possible that he is not supporting himself.  You can use this worksheet to determine if he is providing over half of his own support or not.    The following criteria must be met to claim someone as a qualifying child: Your child (including adopted and foster children), your sibling, or a descendent of any of them. Age 18 or younger at the end of the tax year OR under 24 (and younger than you and your spouse) if they are a full-time student or any age if they are totally and permanently disabled Lived with you for more than 6 months during the tax year They did not provide more than half of their own support (social security does not count) They did not file a joint return, unless it was to claim a refund   To claim someone as a Qualifying Relative, they must be: Your child ( including step children, adoptive children and foster children) or a descendent of them Your sibling (including half siblings) or a child of your sibling or a sibling-in-law Your parent or grandparents, including step parents and in laws Any other person that lived with you for the entire tax year Not a qualifying child of another taxpayer Someone that you provided over half of their support for during the tax year Has less than $5,200 in income (not counting social security)