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4 weeks ago
1 Cheer
unreal that they charge what they do and the most basic function and only benefit to business loyalty does not work properly. talk about a monopoly resting on its laurels... time is ticking for a bet...
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unreal that they charge what they do and the most basic function and only benefit to business loyalty does not work properly. talk about a monopoly resting on its laurels... time is ticking for a better solution for Inuit.
4 weeks ago
I have entered my SSA1099 and my spouses, (we file jointly) Turbo offers no way for me to add my father's SSA1099 made out o me. QUESTION: Do I add my SSA1099 and my father's SSA1099 together or do I...
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I have entered my SSA1099 and my spouses, (we file jointly) Turbo offers no way for me to add my father's SSA1099 made out o me. QUESTION: Do I add my SSA1099 and my father's SSA1099 together or do I place my father's SSA1099 some where else in the TURBO App?? The app will not let have a third SSA1099 in the SSA1099 area.
4 weeks ago
So I just did a quick Google search and it looks like even HR Block is also having this issue.Guess were going to have to wait till the 13th.
4 weeks ago
The update medical expenses screen is just showing me the deduction and not allowing me to edit my expenses.
Topics:
4 weeks ago
TurboTax is in the process of enhancing CSV import and upload features to make this process more seamless.
Timeline: We expect the new CSV import functionality to be available by mid-Februar...
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TurboTax is in the process of enhancing CSV import and upload features to make this process more seamless.
Timeline: We expect the new CSV import functionality to be available by mid-February. Please note that this is an estimated target as we finalize the experience.
Supported Documents: Once live, the import/upload feature will support both 1099-DA and DigitalAssetGainLoss files.
If you are ready to file now, you can still enter your information manually. Otherwise, thank you for your patience while we get these automated tools ready for you!
@summerscarol
4 weeks ago
Code U indicates a dividend distribution from ESOP shares. Such a distribution is NOT eligible for rollover. Depositing these funds into an IRA constitutes an ordinary contribution to the IRA and m...
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Code U indicates a dividend distribution from ESOP shares. Such a distribution is NOT eligible for rollover. Depositing these funds into an IRA constitutes an ordinary contribution to the IRA and must be entered as such under Deductions & Credits. If the result is an excess contribution, you'll need to resolve the excess, typically be requesting an explicit return of contribution. Assuming that the IRA custodian coded the deposit as a rollover, requesting a return of contribution will require convincing the IRA custodian that this was a failed rollover and was therefore an ordinary contribution that can be returned.
4 weeks ago
Simple answer: Yes. A computer is a qualified expense for calculating your tuition credit. For a full discussion see:
https://ttlc.intuit.com/community/college-education/discussion/is-a-computer-a-...
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Simple answer: Yes. A computer is a qualified expense for calculating your tuition credit. For a full discussion see:
https://ttlc.intuit.com/community/college-education/discussion/is-a-computer-a-qualified-expense-for-aotc/01/1452208/highlight/false#M32372
4 weeks ago
IRS Form 8889, is for Health Savings Account (HSA),
Provided you haven't filed yet, you can access the related interview by following these steps:
To enter or correct a Form 8889 in TurboTax, yo...
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IRS Form 8889, is for Health Savings Account (HSA),
Provided you haven't filed yet, you can access the related interview by following these steps:
To enter or correct a Form 8889 in TurboTax, you can follow these steps
Select Tax Tools from the left sidebar.
On the drop-down select Tools
There will be 2 green boxes
Select Topics Search
Type 8889
Continue through the interview or post your corrections
4 weeks ago
Printed, paid, filed. Did not see any calculation page.
4 weeks ago
estimate from Intuit in other threads is 2/13 for this form. dates can move either way. the delay relates to guidance from IRS which was only published mid Jan, for people only waiting on this f...
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estimate from Intuit in other threads is 2/13 for this form. dates can move either way. the delay relates to guidance from IRS which was only published mid Jan, for people only waiting on this form it can be frustrating - but as we've seen with other 1099s it's a year for a bit of patience.
4 weeks ago
I am a bit confused and am hoping someone can help with NJ and PA returns. I worked in NJ and lived there for less than 6 months. I also owned a home in NJ which I sold in the first half of the ...
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I am a bit confused and am hoping someone can help with NJ and PA returns. I worked in NJ and lived there for less than 6 months. I also owned a home in NJ which I sold in the first half of the year. I moved to PA while still working in NJ. The forms generating are a Resident NJ return and a Non-resident NJ return showing that I owe money for each return. Is it correct to have two NJ returns and owe money for both? My employer took out state income tax for each NJ and PA. The PA return shows I also owe money. When the question of "Did you earn any income from NJ sources while living in another state?" comes up I hit "Yes" because I did earn my income from NJ while living in PA. Is that correct? I am aware another user had an issue with that question. And do I need to fill out the PA Schedule G/L form?
Topics:
4 weeks ago
I have a home office which I began using in 2020. When doing my 2025 taxes I realized I should be taking a depreciation deduction for the furniture. My understanding is that when I enter this informa...
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I have a home office which I began using in 2020. When doing my 2025 taxes I realized I should be taking a depreciation deduction for the furniture. My understanding is that when I enter this information into TT it should take a deduction for all the depreciation not claimed in previous years in the current tax year 2025 (6 years of depreciation). I understand I may need to file form 3115. TT does not seem to be doing this. For example for a $3,500 item it takes $1,400 of depreciation, but the MACRS schedule, which it correctly generates shows closer to $3,000. I don't understand what TT is doing here, and if this is correct. If my understanding is correct how do I get TT to cooperate ?
4 weeks ago
This needs to get fixes ASAP. I never took either ed credit for my kids but my daughter graduated last spring, is now no longer a dependent and is not eligible for the credit. The inability to e...
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This needs to get fixes ASAP. I never took either ed credit for my kids but my daughter graduated last spring, is now no longer a dependent and is not eligible for the credit. The inability to enter he expenses via the conversation is prohibiting me from entering this data into her forms and taking the credit. TT needs to publish a date when they are going to fix this and soon.
4 weeks ago
1 Cheer
This is now your own IRA, so do not mark any box that would be used to indicate that this is an inherited IRA. It is no longer an inherited IRA.
Q, Is this done by allotting the full amount of my grants/scholarships as "amount paid toward room and board" on the TurboTax platform?
A. Yes. Not the full amount, but $11,500 in the first example...
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Q, Is this done by allotting the full amount of my grants/scholarships as "amount paid toward room and board" on the TurboTax platform?
A. Yes. Not the full amount, but $11,500 in the first example and $10, 500 in the 2nd.
Q. Does it matter if I did not actually make a payment of tuition, since my university deducted the cost of tuition from my scholarship/grants and disbursed the excess grant money to me?
A. No. For tax purposes, you DID make a payment with your $4000 of tax reportable money.
4 weeks ago
1 Cheer
@th0126 okay that makes me feel better. I did notice my transcripts updated from blank to showing information but the message didn’t.
4 weeks ago
Thanks for the reply. I did the same thing but am concerned there might be other spots on other forms I need to enter the R&B amounts? Also need to be careful that you don't enter any amount t...
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Thanks for the reply. I did the same thing but am concerned there might be other spots on other forms I need to enter the R&B amounts? Also need to be careful that you don't enter any amount through the questions for books as this will then go wipe out the entry manually entered into the form.
4 weeks ago
Para radicar tu W2 del 2024, tendrás que descargar TurboTax Desktop. Si no habías empezado tu declaración, simplemente sigue las instrucciones del programa, pero si ya habías comenzado tu declaració...
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Para radicar tu W2 del 2024, tendrás que descargar TurboTax Desktop. Si no habías empezado tu declaración, simplemente sigue las instrucciones del programa, pero si ya habías comenzado tu declaración y no la terminaste puedes seguir los pasos siguientes: Inicia una sesión en tu cuenta de TurboTax Selecciona Continuar en la pantalla que muestra tu resumen del año anterior. Tienes que usar la misma cuenta de TurboTax que usaste el año anterior En la segunda pantalla, que muestra productos y precios, desplázate hacia abajo y selecciona Tus declaraciones de impuestos y documentos. Selecciona el año que quieras y, luego, selecciona Descargar/imprimir declaración (PDF). Si el año que estás buscando no está allí, es posible que esté en otra cuenta. Ve aquí para buscar todas tus cuentas. Regresa al programa de TurboTax Desktop, selecciona Buscar un archivo .tax y busca el archivo de datos tributarios que descargaste en el paso anterior. Selecciona el archivo y haz clic en Abrir. Ahora puedes terminar de completar tu declaración de impuestos. La declaración del 2024, no es elegible para ser enviada electrónicamente, el programa dará instrucciones de como imprimirla y mandarla. Como es una declaración de impuestos de un año anterior no califica para hacerla gratis, tendrás que comprar el programa y enviar tus impuestos por correo. Si ya habías presentado una declaración, y necesitas agregar una Forma W2, vas a tener que preparar una enmienda. Ve al siguiente artículo de ayuda de TurboTax para más información: ¿Cómo enmiendo mi declaración de impuestos federales de un año anterior?
4 weeks ago
Are you closing the pop up browser window before going back into TurboTax tax maybe? Other than that, I’m out of suggestions. I left the window open and went back to TurboTax and and had an import bu...
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Are you closing the pop up browser window before going back into TurboTax tax maybe? Other than that, I’m out of suggestions. I left the window open and went back to TurboTax and and had an import button next to the continue button.
4 weeks ago
The 8862 is a Form completed by TurboTax.
You are asked questions in the interview under the Deductions & Credits
Specifically in the Earned Income Credit (EIC) section.
To enter or corr...
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The 8862 is a Form completed by TurboTax.
You are asked questions in the interview under the Deductions & Credits
Specifically in the Earned Income Credit (EIC) section.
To enter or correct a Form 8862 in TurboTax, you can follow these steps
Select Tax Tools from the left sidebar.
On the drop-down select Tools
There will be 2 green boxes
Select Topics Search
Type 8862
Continue through the interview
indicate that you received an IRS notice,
This will allow TurboTax to generate and file the form alongside the tax return to reinstate credit eligibility.
As @DoninGA stated, You must have TurboTax Desktop to view all of your Forms.