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a month ago
Hi, thank you for replying, I was reading publication 122 of Wisconsin. In part 6 (B) Example 2: You are a foreign student in this country with an "F" visa under the Immigration and Nationality Act....
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Hi, thank you for replying, I was reading publication 122 of Wisconsin. In part 6 (B) Example 2: You are a foreign student in this country with an "F" visa under the Immigration and Nationality Act. You may be classified for federal tax purposes as a nonresident alien or as a resident alien. Regardless of your alien status, you maintain your residence in your homeland. You are considered a nonresident of Wisconsin. A student with an "F" visa cannot become a resident of Wisconsin. (3) Standard deduction An individual who is a nonresident alien at any time during the year is not allowed a Wisconsin standard deduction. This includes all nonresident aliens and dual-status aliens who file their federal return on federal Form 1040-NR and all dual-status aliens who file their federal return on federal Form 1040 or 1040-SR. It does not include nonresident aliens and dual-status aliens who made the federal election to be taxed as a U.S. resident (see the Exception under "Filing Status, Married filing joint return" in Part 6.D.(2)). Note: For federal tax purposes, some nonresident aliens may be able to claim a federal standard deduction due to a tax treaty provision. This does not apply for Wisconsin. A nonresident alien is not allowed a Wisconsin standard deduction. Based on the standard deduction part, does that means I also cannot use standard deduction.
a month ago
1 Cheer
Virginia age deduction and EIC I confirmed with Virginia Dept of Revenue today (2-9-26) that a taxpayer is allowed to decline the age deduction so that they may receive the Virginia EIC they qua...
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Virginia age deduction and EIC I confirmed with Virginia Dept of Revenue today (2-9-26) that a taxpayer is allowed to decline the age deduction so that they may receive the Virginia EIC they qualify for. As reported by others on the Community board, Turbotax Deluxe DESKTOP 2025 does not permit declining the age deduction, automatically selecting the age deduction based on birth date. There is apparently no way to override this. Can TurboTax address this problem? It can have substantial impact on low income Virginia residents. Thank you,
a month ago
Hi, thank you for replying, I was reading publication 122 of Wisconsin. In part 6 (B) Example 2: You are a foreign student in this country with an "F" visa under the Immigration and Nationality Act....
See more...
Hi, thank you for replying, I was reading publication 122 of Wisconsin. In part 6 (B) Example 2: You are a foreign student in this country with an "F" visa under the Immigration and Nationality Act. You may be classified for federal tax purposes as a nonresident alien or as a resident alien. Regardless of your alien status, you maintain your residence in your homeland. You are considered a nonresident of Wisconsin. A student with an "F" visa cannot become a resident of Wisconsin. (3) Standard deduction An individual who is a nonresident alien at any time during the year is not allowed a Wisconsin standard deduction. This includes all nonresident aliens and dual-status aliens who file their federal return on federal Form 1040-NR and all dual-status aliens who file their federal return on federal Form 1040 or 1040-SR. It does not include nonresident aliens and dual-status aliens who made the federal election to be taxed as a U.S. resident (see the Exception under "Filing Status, Married filing joint return" in Part 6.D.(2)). Note: For federal tax purposes, some nonresident aliens may be able to claim a federal standard deduction due to a tax treaty provision. This does not apply for Wisconsin. A nonresident alien is not allowed a Wisconsin standard deduction. Based on the standard deduction part, does that means I also cannot use standard deduction.
a month ago
Hi-I loaded all my income thinking that the free version would work but I made over the allowed ($1500) dividend income. I then purchased the Premier version at Costco. Can I still continue to use th...
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Hi-I loaded all my income thinking that the free version would work but I made over the allowed ($1500) dividend income. I then purchased the Premier version at Costco. Can I still continue to use the Free version income already compiled and then load the Premier code at the end OR should I just start over using the Premier version and re-enter all of my income? Thanks much, the pink monkey
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a month ago
You will get a form 1099-SA from the HSA bank if you withdrew money. If you did not get a form in the mail, check your online account access or call them. When you enter the 1099-SA, be sure to com...
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You will get a form 1099-SA from the HSA bank if you withdrew money. If you did not get a form in the mail, check your online account access or call them. When you enter the 1099-SA, be sure to complete the entire interview section, since the withdrawal will default to being taxable unless you answer the questions to say that you used all the money for qualified medical expenses.
You can use your HSA for medical expenses even if you did not contribute this year and even if you are not eligible to contribute. The rules for withdrawals are separate from the rules for contributions.
a month ago
1 Cheer
If you need to subtract an item of income from your New York return that was included in your Federal return income, you can enter that adjustment in TurboTax Online at the screen in your New York re...
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If you need to subtract an item of income from your New York return that was included in your Federal return income, you can enter that adjustment in TurboTax Online at the screen in your New York return labeled "Changes to Federal Income".
Look under Other New York Adjustments to Federal Income, and select Start next to Other changes (adjustments) to your federal income to make the subtraction entry.
@mikesyr
a month ago
No. I performed all your steps on my Desktop as you stated, including restarting my computer. I received the same request that I need the "appraisal form". I opted to just keep hitting "continue" ...
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No. I performed all your steps on my Desktop as you stated, including restarting my computer. I received the same request that I need the "appraisal form". I opted to just keep hitting "continue" and guess what popped up Form 8822 B in the same thread! I filled it out, since apparently, on my S Corp return I removed my husband as an officer so it'a required for me to mail in, then I also had to mail in 8453 Corp. I received a message at the end that the States forms have not been finalized and I can't file my California return. What puzzles me is when the TT Business asks for appraisal form.. Form 8822B shows up???? I am spending so much time everyday on this.
a month ago
LUMP SUM PAYMENT FOR FAIRNESS ACT
Your 2025 SSA1099 will show the extra payment you received in 2025 as a result of the Fairness Act. Look in the bottom left corner. It will say something like “...
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LUMP SUM PAYMENT FOR FAIRNESS ACT
Your 2025 SSA1099 will show the extra payment you received in 2025 as a result of the Fairness Act. Look in the bottom left corner. It will say something like “Includes $XXXX Paid in 2025 for 2024.
When the software asks if you have a lump sum payment say yes. The program will help to determine if is better for you to attribute the sum to 2024 or to 2025, based on your AGI for each of those years. This will all be done within the 2025 program; you do not amend 2024.
https://www.irs.gov/faqs/social-security-income/back-payments/back-payments
a month ago
As xmasbaby0 mentions above, you would enter your estimated tax payments under "Other Taxes Paid" in TurboTax.
You can enter your estimated taxes paid as follows:
Click on "Search" at the ...
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As xmasbaby0 mentions above, you would enter your estimated tax payments under "Other Taxes Paid" in TurboTax.
You can enter your estimated taxes paid as follows:
Click on "Search" at the top right of your TurboTax screen
Type "estimated taxes paid" in the search box
Click on the link "Jump to estimated taxes paid"
This will take you to a screen that says "Estimates and Other Income Taxes Paid"
Select Start or Revisit next to the type of estimated tax payment you'd like to enter under Estimated Tax Payments.
Enter the amount of estimated tax you paid at each of the quarterly due date
Answer all follow-up questions on your TurboTax screens
Click here for Where do I enter my estimated tax payments?
Click here for Estimated Taxes: How to Determine What to Pay and When.
If you have additional information or questions regarding this, please return to Community and we would be glad to help.
a month ago
In general, a child always files a tax return for their own income, even if they are also claimed as a dependent, and having income usually does not disqualify a child from being a dependent.
I...
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In general, a child always files a tax return for their own income, even if they are also claimed as a dependent, and having income usually does not disqualify a child from being a dependent.
In this case, he is required to file if his income is from self-employment. He must report his gross income, can deduct ordinary and necessary business expenses, and will pay about 15% self-employment tax (which is a version of social security and medicare withholding for self-employed persons). He won't pay income tax since his income is less than the standard deduction.
If his income is from a regular job with a W-2, he is not required to file at that dollar amount, unless he had federal or state income taxes withheld and wants a refund of those tax withholdings.
a month ago
MY DEPENDENT HAD A JOB
If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on...
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MY DEPENDENT HAD A JOB
If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on your own return. He/she can file his own return for a refund of some of his withheld wages from boxes 2 or 17 (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return. (Supervise this closely or prepare it for him!)
If your dependent’s earnings were over $400 and were reported on a 1099Misc or 1099NEC then he must file a return and pay self-employment tax for Social Security and Medicare.
You might also want to use free software from the IRS Free File versions:
https://apps.irs.gov/app/freeFile/
a month ago
Why bother? If you do not want to give a new W-4 to your employer, just do not give it to them. If you do not want to mail in estimated quarterly payments with 1040ES vouchers, you do have to. ...
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Why bother? If you do not want to give a new W-4 to your employer, just do not give it to them. If you do not want to mail in estimated quarterly payments with 1040ES vouchers, you do have to. A W-4 does not go to the IRS; it only goes to an employer. The 1040ES vouchers are optional---you are not required to use them or send them.
a month ago
only one of my 4 jobs lists it
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a month ago
Since this was a 100% Trustee-to-Trustee transfer (a rollover between 529 plans), it is a non-taxable event. Per the IRS instructions for Form 1099-Q and IRS Publication 970:
Don't report tax-fr...
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Since this was a 100% Trustee-to-Trustee transfer (a rollover between 529 plans), it is a non-taxable event. Per the IRS instructions for Form 1099-Q and IRS Publication 970:
Don't report tax-free distributions (including qualifying rollovers) on your tax return.
To clear the error:
Go to Tax Tools > Tools > Delete a Form.
Find the 1099-Q and its associated Worksheet and delete them.
Do not re-enter it. Because it was a direct transfer from one plan to another, there is no "income" to report, and the IRS does not require the 1099-Q data to be reported on your Form 1040.
Even though you aren't reporting it on your return, keep the 1099-Q in your physical tax file for 2025. If the IRS ever sends a "CP2000" notice asking about the distribution, you simply respond with a copy of that 1099-Q showing Box 4 (Trustee-to-Trustee Transfer) is checked.
a month ago
It seems the question should be, when was the original Roth IRA opened.
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a month ago
thank you!
a month ago
After typing E*Trade in the import box, and continuing, are you taken to a separate browser tab to Sign In? If you can give more details, we'll try to help.
@vanner
a month ago
LOL! I already filed elsewhere, because no matter how I try to explain it, you never get the actual problem fixed. Turbotax is taking the numbers from my 2024 form that shows what I could get but a...
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LOL! I already filed elsewhere, because no matter how I try to explain it, you never get the actual problem fixed. Turbotax is taking the numbers from my 2024 form that shows what I could get but also shows I did not opt into receive it. So on my 2025 M1CWFC even though I selected no I did not receive the advance when it asked me. So no matter what I do its filling out my M1CWFC 2025 form wrong. It's checking the box that I did get the advance causing my refund to be over 3000 less than it should be. I filed with taxact and it shows my correct refund without ANY problems. I am warning everyone I know not to use Turbotax EVER! This has happened to hundreds of people in MN!!! There's a whole thread about it in local groups. TURBOTAX IS FRAUDULENT!
a month ago
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the...
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The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
The deduction is not on the same line as your standard deduction. It is shown separately.
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
(The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
Need to see it?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
If you are not getting the senior deduction it is because
Your date of birth in MY INFO shows that you were not 65 by the end of 2025
Your income is too high
You are filing married filing separately
a month ago
He began working 08/18/2025 and total net for 2025 was $5,193.70.
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