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Thank you very much.  I more-or-less expected it to be the gross amount, but thank you for confirming that.
You can call a local IRS Taxpayer Assistance Center. Locations and phone numbers are listed here:  Local IRS Office  You can schedule an appointment to meet with an agent. You will need: ... See more...
You can call a local IRS Taxpayer Assistance Center. Locations and phone numbers are listed here:  Local IRS Office  You can schedule an appointment to meet with an agent. You will need: The 4883C letter A prior-year tax return The tax return for the year the notice is for Any supporting documents for each year’s return, such as Forms W-2 or 1099, Schedules C or F, etc.      
You are using the TurboTax online editions where you can only complete and file one tax return per account and User ID. You will need to create a new account with a new User ID and new email addres... See more...
You are using the TurboTax online editions where you can only complete and file one tax return per account and User ID. You will need to create a new account with a new User ID and new email address for another tax return using the online editions.  Go to this website and click on Sign up to create a new account - https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/   The TurboTax desktop editions where the software was installed on a personal computer allow you to complete and file as many tax returns as needed.    
"There's no income or tax effect on loans." I see how that's true if I loan cash that's paid back, but when it comes to the loan being by using a personal credit card that makes it on a 1099K that se... See more...
"There's no income or tax effect on loans." I see how that's true if I loan cash that's paid back, but when it comes to the loan being by using a personal credit card that makes it on a 1099K that seems like there is a tax effect as it's now being reported as income/profit.   Isn't this what's happening:    Business makes $100 profit selling on eBay. Business uses that money to pay shipping expenses. Tax wise it's $0 profit.   Business "makes" $100 from loan through credit card that shows up on 1099k. Business uses that money to pay shipping expenses. Tax wise it's $0 profit. HOWEVER, now business has to make another $100 to pay me back, so at the end tax wise it's $100 profit all because of that 1099K.   
Greetings all. I had originally posted this to the State Taxes Category but got no response. I'm working on a State return (for the State of Pennsylvania) for a Trust. The only income I have to rep... See more...
Greetings all. I had originally posted this to the State Taxes Category but got no response. I'm working on a State return (for the State of Pennsylvania) for a Trust. The only income I have to report is for interest, dividends, and capital gains, and I'm trying to determine what is considered “Pennsylvania Sourced Income”. None of my financial institutions are located in Pennsylvania, but the Trust is. TT is treating a portion of that income as State taxable, and  try as I might, I can't figure out where TT is getting it's numbers from. Any assistance would be most appreciated. Thanks   PS: TT is entering numbers that it has calculated (apparently from one or more other forms), but then it is flagging one of those numbers (that it calculated) as an error, and stating that it is too large.
If you use Summary mode I'm not sure how you get it to Schedule B with TT Online.  I would use Code D tho if it's AMD.  Maybe you can use a 1099 to add the income to Schedule B as @ThomasM125 suggest... See more...
If you use Summary mode I'm not sure how you get it to Schedule B with TT Online.  I would use Code D tho if it's AMD.  Maybe you can use a 1099 to add the income to Schedule B as @ThomasM125 suggests, but not sure all ramifications of this.   Personally I manually input my 1099Bs rather than importing, splitting them between One By One for all sales with adjustments (wash sales, AMD, non-covered lots etc) and the rest input as Sales Summaries with no adjustments, so there is nothing to mail IRS (tho with Online you can upload a PDF for this).   But there is one other consideration to be aware of before you decide which route to take - the AMD that gets moved to Schedule B is not automatically subtracted from state taxes like 1099-INT Box 3 or 1099-DIV US Gov Obligations.  There are various interpretations of state tax codes whether it's taxable or exempt, so it depends your state.  If you know/think it should be exempt it's can be solved with a manual subtraction in state taxes tho I've heard here that this precludes e-file in NY at least, and some states have other reporting requirements.  Putting a 1099 in to solve for Summary sales on Schedule B, could potentially be used to trigger the state subtraction but I can't advise on that.   Re "I just need to figure out if my broker already included that interest in my 1099-div or not" hopefully this should not be an issue, there shouldn't be anything on 1099-DIV for individual Treasuries but you should see separate coupon interest payments for Treasury Notes in Box 3 on 1099-INT.
If you sold a capital asset, your cost basis is typically what you paid for it, less any depreciation or Section 179 expense you have taken.  If you have made any improvements to the asset you would ... See more...
If you sold a capital asset, your cost basis is typically what you paid for it, less any depreciation or Section 179 expense you have taken.  If you have made any improvements to the asset you would add that cost.  As for long-term or short-term, that is based on how long you held the asset:  One year or less is short term, and more than 1 year is long-term.  
Our TurboTax team has identified that issue and is working on a resolution.   Sign up for notifications on when this issue will be fixed using the link below: Why am I getting address errors fo... See more...
Our TurboTax team has identified that issue and is working on a resolution.   Sign up for notifications on when this issue will be fixed using the link below: Why am I getting address errors for my Home Energy credit when the address has already been added and is correct?  
I have signed out and back in. Still just shows the first return that is already filed.
@moderatetaxfiler    The current price for users who do not have a cookie...is $129 right now. That price went up on March 1st.   I see the same thing as you...but I have a background Fidelity c... See more...
@moderatetaxfiler    The current price for users who do not have a cookie...is $129 right now. That price went up on March 1st.   I see the same thing as you...but I have a background Fidelity cookie  (set somewhere).  Another expert user without any discount cookies, said the price today does show as $129 on the main TurboTax Online pricing page for them.
See this - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/create-w-2-1099-forms-employees-contractors/L0yjM6jDz_US_en_US
Para descargar tu declaración de impuestos del 2024 puedes seguir las instrucciones en el enlace que te comparto más abajo: Cómo obtengo una copia de la declaración de 2024  
After entering the amount on line 11a of your K-1 you should check the box for "I Have Another Description Item".  Enter "Misc. Income" as the description.  Note that below that the program says "Amo... See more...
After entering the amount on line 11a of your K-1 you should check the box for "I Have Another Description Item".  Enter "Misc. Income" as the description.  Note that below that the program says "Amounts entered here may also need to be entered elsewhere in TurboTax.".  Now you need to enter the $4 miscellaneous income in TurboTax as follows:   Go to Wages & Income Locate "Less Common Income, Home sale, cancelled debt (1099-A, 1099-C") ... etc." Scroll down to "Other misc. income" Select Other "reportable income" and click on Start Answer Yes to "Any other taxable income?" Click on the blue Add button Enter a description and amount      
I took a withdrawal from a private Non-Qualified Annuity it is not and IRA. Is it considered a code of P- private or other IRA or an N code for the state of Michigan. The N code results in more MI st... See more...
I took a withdrawal from a private Non-Qualified Annuity it is not and IRA. Is it considered a code of P- private or other IRA or an N code for the state of Michigan. The N code results in more MI state taxes due. Which code is correct ?
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday
I'm experiencing the same thing! Why can't I update my HSA contribution amount?
If the IRS changed your return to have an amount due, and you cannot afford to pay that, you would need to contact them to set up a payment plan. If you do not agree with their changes you can contac... See more...
If the IRS changed your return to have an amount due, and you cannot afford to pay that, you would need to contact them to set up a payment plan. If you do not agree with their changes you can contact them and let them  know why you do not agree and provide them with additional information to support your opposition.  You may want to contact a local tax professional for help and advice for your specific circumstances.    If you need help with your 2025 return, you can select live help when you first log into your return.  This will allow you to choose whether you just need assistance or if you want someone to prepare your return for you.  
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 state use this ... See more...
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 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_...
On phone about delayed regind