All Posts

No. The sale of the car goes on 4797- sale of business asset. When you trade in/ sell your car, it is reported on your Sch C in the vehicle expense section to create gain or loss.   The only way to reduce self-employment tax is to find more deductions. The car is a good starting point.  You  claim the mileage, parking and other expenses.   Depreciating the new vehicle will also help but then you must continue that path. If you won't keep the car very long, actual expenses with depreciation may be the better path. Standard mileage is recommended when you plan to keep the car a long time.   It is frustrating to have a huge NOL carryforward and still owe SE tax on your income this year. [Edited 2/25/2025 |8:27 am PST] @jfox1950 

FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.

Feb 24 and TurboTax has totally failed.  As a TurboTax user for well over a decade, it looks like I will be leaving this service.  Trying to reach a human is a total joke and the pathetic AI helper tells me information totally not regarding my question and then having to wait for ever on hold is maximum poor service for expensive tax software.  This has clearly become a company paying its executive to much money at the expense of its users.  Maybe Tutrbo Tax and step up and provide all its farmers highly discounted tax filing this year!

Ok. I'll consider this a done deal then. Just FYI, in all my years of using TurboTax, this is the first time I've encountered a unique issue. Interesting regarding the dependencies on the computer that can affect this. Anyway, thanks for all the help.

Received and Accepted have the same meaning   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.   If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

Do you have any other 1099R forms?  Did you do any rollovers or conversions?  You might need to call in.  How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991

@aleonard166 wrote: I have a delivery date of January 24th but it's the 24th and no refund. It also doesn't say sent on the where's my refund page either  Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.   If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

When you enter information in TurboTax, you should be making your entries in "Step by Step" mode and not in "Forms" mode.   If you had used "Step by Step" mode for these interest entries, the "State where the dividends were earned. Postal code (such as "CA" or "NY")" would be coded XX and the allocation of the non-resident state interest would have appeared correctly on AZ Form 140 line 15.  If all the dividends came from one state, that state code would be on that line, but because the dividends came from multiple states (including the resident state), that line would need to be coded XX.   The top set of data with code AZ would be OK, but the next two dividend entries should have code XX in the "State where the dividends were earned" line.  When you do this, this should correctly allocate your dividends between AZ and all other states, with the other states dividends appearing on line 15 of AZ Form 140.