Yes, dividends are taxable, reinvested or not. So you have to report reinvested dividends as income.
The reinvested dividends will increase your cost basis of the shares.
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1...
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It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify. For Online version you can preview the 1040 https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f... The maximum deduction is $6,000 for each person 65+. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). The MAGI is normally the same as your AGI on 1040 line 11 but with some Foreign items from Form 2555 added back in. On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. You can not get it if you file MFS Married filing Separate.
When you complete your tax return and are in the File section of the program, in Step 2 you can request your tax refund be mailed to you as a check.
On the screen How would you like to receive your...
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When you complete your tax return and are in the File section of the program, in Step 2 you can request your tax refund be mailed to you as a check.
On the screen How would you like to receive your federal refund? scroll down and click on See other options
Select Paper Check
Yes, follow these steps to enter your 1099 NEC so that it reports as a Medicaid waiver payment that qualifies as difficulty of care. Log into TurboTax Go to Wages and Income Once you finish a...
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Yes, follow these steps to enter your 1099 NEC so that it reports as a Medicaid waiver payment that qualifies as difficulty of care. Log into TurboTax Go to Wages and Income Once you finish answering questions about income, make a selection to add more income if you are working in TurboTax online. Select Other Common Income and then select the downward arrow to expand the section. Select 1099 NEC Next screen will ask what type of income is this. Select Medicaid waiver payments that qualify as difficulty of care in the list of selections that appear on the screen. Next enter the 1099 NEC Now the 1099 NEC is recorded but the income reported isn't taxable on your return.
Is the amount of checking account funds in a decedents account considered income to the decedents' estate checking account on 1041? when a single person dies their checking account is closed and ...
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Is the amount of checking account funds in a decedents account considered income to the decedents' estate checking account on 1041? when a single person dies their checking account is closed and a new estate checking account is created. in the transfer of funds, is that considered income to the estate?
Possibly. If you enter cents with the dollars, TurboTax will round up or down to the nearest whole dollar based on whether the amount is under $.50 or over it. If you are talking about whole do...
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Possibly. If you enter cents with the dollars, TurboTax will round up or down to the nearest whole dollar based on whether the amount is under $.50 or over it. If you are talking about whole dollars, then no, TurboTax will not round up or down for that.
Since you are no longer married you need to create a new TurboTax account with a new User ID.
Go to this TurboTax website and click on Sign up at the top right of the screen - https://turbotax.intu...
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Since you are no longer married you need to create a new TurboTax account with a new User ID.
Go to this TurboTax website and click on Sign up at the top right of the screen - https://turbotax.intuit.com/
See this TurboTax support FAQ for a refund request - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-refunds/request-refund-turbotax-product/L834M6uyW_US_en_US
If you are a non resident alien, you would need to file a form 1040-NR. TurboTax does not support the 1040-NR. You can use Sprintax.com to file your 1040-NR.
