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4 weeks ago
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4 weeks ago
You can use the average method described in IRS Pub 936.
TurboTax does not offer this service, however it does give you a screen to make an adjustment and claim the interest you calculated as deduc...
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You can use the average method described in IRS Pub 936.
TurboTax does not offer this service, however it does give you a screen to make an adjustment and claim the interest you calculated as deductible for Schedule A.
The adjustment you make only shows as an entry on the IRS forms, the TurboTax worksheet is not part of your tax return.
Please see the table under Part II of IRS Pub 936.
4 weeks ago
You shouldn't have an amount in Box 4. If there was federal tax withheld, it should have been reported in Box 2. There should be no entries in Boxes 3-6 on your W2. If there is an entry on Box 4, yo...
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You shouldn't have an amount in Box 4. If there was federal tax withheld, it should have been reported in Box 2. There should be no entries in Boxes 3-6 on your W2. If there is an entry on Box 4, you would need a corrected W2 to show federal tax withheld.
Yes, if there's a correct amount reported in Box 2 instead of Box 4, then federal income tax was taken out of your pay. You still owe self-employment taxes, and that is the option to choose to pay your taxes.
The biggest concern is this. If your W2 has an amount in Box 2, it's ok. If has an amount in Box 4, just as you mentioned, then you need a corrected W2 to show that federal income taxes were taken out, and these need to reported in Box 2.
4 weeks ago
Thanks
4 weeks ago
Both KY and OH state taxes were taken out of my wife's pay from the Ohio employer she worked for last year. Her employer admits it was a mistake and are working to correct it going forward. How d...
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Both KY and OH state taxes were taken out of my wife's pay from the Ohio employer she worked for last year. Her employer admits it was a mistake and are working to correct it going forward. How do we get the Ohio tax that was deducted from her pay refunded? Is there a way to handle this situation in TurboTax? When I walk through the steps to file an Ohio non-resident state return in TurboTax, it cautions in bold not to include any income that was taxed by another state. All her income was taxed by both states. Please advise how to proceed.
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4 weeks ago
@barrynjoanne According to a google AI search, the NYSLRS it is NOT a 403b, but is a defined benefit plan And then there's this message on the NYSLRS website that confirms it. What is a Defined...
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@barrynjoanne According to a google AI search, the NYSLRS it is NOT a 403b, but is a defined benefit plan And then there's this message on the NYSLRS website that confirms it. What is a Defined Benefit Plan? | Office of the New York State Comptroller ____________________________________ There is a note that the Teachers plan (NYSTRS) is defined benfit too ...BUT teachers may also have a separate 403b
4 weeks ago
If you're using TurboTax Online, try closing the program, clear your Cache and Cookies and return to the Deductions section.
In TurboTax Desktop, after indicating 'done with deductions' you nor...
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If you're using TurboTax Online, try closing the program, clear your Cache and Cookies and return to the Deductions section.
In TurboTax Desktop, after indicating 'done with deductions' you normally get some additional questions, then a page summarizing Standard vs. Itemized. If you choose 'change my deduction' and choose 'itemized' on the next page you won't necessarily get a confirmation (except viewing the refund meter change), but you should see this on your Form 1040 and on Schedule A in FORMS mode.
@SHAMUS2K
4 weeks ago
My last name is correct on the entered inofrmation
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4 weeks ago
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4 weeks ago
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4 weeks ago
Probably. If you became a Georgia resident, you would owe GA state income state as well as federal tax. As long as you are a FL resident, you only owe federal tax on your retirement income. Your...
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Probably. If you became a Georgia resident, you would owe GA state income state as well as federal tax. As long as you are a FL resident, you only owe federal tax on your retirement income. Your taxes are based on where you reside not where the plan or account is. However, Georgia is retirement friendly and has many deductions and exclusions - see here.
4 weeks ago
1 Cheer
No, for you the best option will be to file a Schedule C Profit or Loss from business as it sounds as though you are part of the "gig economy" with Instacart. That additional information your provid...
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No, for you the best option will be to file a Schedule C Profit or Loss from business as it sounds as though you are part of the "gig economy" with Instacart. That additional information your provided was helpful.
Instacart should issue you a 1099-NEC if you received $600 or more in payments from them. If you are a gig worker with Instacart, you should file a Schedule C Profit or Loss from Business. You can start in the Self-Employment section of TurboTax in the Wages & Income section. Even if you did not get a 1099-NEC (or any other tax from) from Instacart, you need to report this income on a tax return to the IRS provided that income is $400 or more.
As a self-employed individual, you are allowed to (and expected to) take deductions related to that business. As a delivery driver, your main expense is going to be car mileage that you rack up from making deliveries from stores to customers. It's in your best interest to track your mileage for deliveries as well as other expenses you may incur as a result of the business.
The following has more information about tax time for gig workers: Self Employed & Gig Workers
4 weeks ago
9 Cheers
Thank you! I thought I was losing my mind! I wasted so much time clicking around trying to figure out what the problem was!
4 weeks ago
I tried but can do neither, unfortunately. I can't delete the 0 in Forms mode. I can't delete the 0 from the interview mode either - attaching a picture here which says the 0 comes from Schedule A ...
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I tried but can do neither, unfortunately. I can't delete the 0 in Forms mode. I can't delete the 0 from the interview mode either - attaching a picture here which says the 0 comes from Schedule A but I can't delete the 0 in Schedule A either. Please help - I have tried everything I can think of! MarilynG1
4 weeks ago
1 Cheer
Now shows 2/4/2026 as e-file date for both 8911 and 8911 Schedule A. Changed from what it showed earlier as available to e-file.
4 weeks ago
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4 weeks ago
Sold property to individual for 1$. Property is in Alaska. How to report
4 weeks ago
Since my son receives only SSDI and SSI should this be entered on line 1 or 23? 1. Enter the total funds belonging to the person you supported, including income received (taxable and nontaxable) ...
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Since my son receives only SSDI and SSI should this be entered on line 1 or 23? 1. Enter the total funds belonging to the person you supported, including income received (taxable and nontaxable) and amounts borrowed during the year, plus the amount in savings and other accounts at the beginning of the year. Don't include funds provided by the state; include those amounts on line 23 instead 23. Enter the amount others provided for the person's support. Include amounts provided by state, local, and other welfare societies or agencies. Don't include any amounts included on line 1