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a month ago
They switched accounting systems last year and generated 2 W2 forms, but this year are back to one.
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a month ago
My child got a small stipend (grant?) from her college to enable her to do an unpaid summer internship. It's through a program funded by the school so that their students can do afford to do unpaid i...
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My child got a small stipend (grant?) from her college to enable her to do an unpaid summer internship. It's through a program funded by the school so that their students can do afford to do unpaid internships who otherwise would need the income from a paid summer job. There were requirements around the types of internships she was allowed to do, she had to get approval first and give a presentation write a paper on her experience afterwards. She also has a small amount (few hundred $) of W2 income from the school. She does get grants from the school for tuition, too, but is not doing work study or anything, this extra income is just regular W2 income not not related to any financial aid. No federal taxes were withheld from that (SS and Medicare were). Her total income from both sources was less than 1/3 of the current filing requirement. She is claimed as a dependent on my taxes. I'm helping her do her own taxes. The school provided a W2 for the other work, but what they say about the internship money is that "it should be reported to the IRS as income, but we are not obligated to nor will we provide any documentation or tax advice". I cannot find anywhere in TurboTax to put this, other than as self-employment income with no documentation which triggers self-employment tax and requires upgrading to a paid version of TurboTax. This doesn't feel like "self-employment" income to me. I can understand the self-employment tax I guess, as nothing was withheld from this stipend at all, but it seems ridiculous that someone earning this small an amount of money should have to switch to the paid products because of this. Am I doing something wrong here? Is this supposed to be reported somewhere else that wouldn't trigger the need to upgrade (and preferably not self-employment tax either)? Is the school's vague statement hinting that this doesn't actually have to be reported? If it truly is self-employment income then she has to file, but if not since she's well under the filing requirement should she just not file at all this year and avoid this issue altogether?
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a month ago
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a month ago
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a month ago
Chrome did not work for me. Firefox WORKS FLAWLESSLY. All the user needs to do is to select Firefox as the browser when TurboTax opens up the dialog to sign up to the financial institution to ret...
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Chrome did not work for me. Firefox WORKS FLAWLESSLY. All the user needs to do is to select Firefox as the browser when TurboTax opens up the dialog to sign up to the financial institution to retrieve financial data.
a month ago
how do I find state income tax deduction in TT online?
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a month ago
If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.
To fix this you need to allow ...
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If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.
To fix this you need to allow TurboTax to securely retrieve your data through your browser settings:
Locate the View Site Information icon (the "tune" or "lock" icon) on the far left of your address bar, just before the URL.
Find Local Network Access in the dropdown menu.
Toggle the switch to ON.
Refresh the page and attempt your import again.
If permissions aren't the issue, one of the following factors may be at play:
Brokerage Delays: While most forms arrive by January 31, many brokerages delay Consolidated 1099s (like the 1099-B) until mid-February due to complex reporting requirements.
Availability: Your brokerage must specifically "release" the import file to TurboTax. If it isn’t ready, we recommend checking back.
Connection Blocks: Active VPNs or aggressive Anti-Virus software can occasionally block the import feature between your bank and TurboTax. Try disabling them temporarily or switching to a different browser.
Helpful TurboTax Articles:
What if I can't import my 1099?
How can I fix my 1099 import issue?
How do I import my 1099s?
How do I enter a large number of stock transactions in TurboTax?
@sammyboi93 @kcsomisetty
a month ago
Turrbotax does not let me enter anything into form 5695 but it forces me to try. When I am at the "check my return" stage it forces me to go to form 5695 to enter my address but it never saves it...
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Turrbotax does not let me enter anything into form 5695 but it forces me to try. When I am at the "check my return" stage it forces me to go to form 5695 to enter my address but it never saves it and then sends me back to this form. Any idea how to force it to save my entries?
a month ago
No, it would have been reported on form 8283 in the year that it was created but since it is a carry-over contribution it does not have to be reported on form 8283 again, only on schedule A and form ...
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No, it would have been reported on form 8283 in the year that it was created but since it is a carry-over contribution it does not have to be reported on form 8283 again, only on schedule A and form 1040.
a month ago
The typical support CUT/PASTE. Really?!? How come Firefox WORKS FLAWLESSLY without having to do ABSOLUTELY NOTHING. All the user needs to do is to select Firefox as the browser when TurboTax op...
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The typical support CUT/PASTE. Really?!? How come Firefox WORKS FLAWLESSLY without having to do ABSOLUTELY NOTHING. All the user needs to do is to select Firefox as the browser when TurboTax opens up the dialog to sign up to the financial institution to retrieve financial data. Try it!
a month ago
On Saturday when I actually had gotten a helpful person, we spent close to 4 HOURS on the phone. She tried also manually paying the state fee, but it doesn’t show anywhere nor does it register as be...
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On Saturday when I actually had gotten a helpful person, we spent close to 4 HOURS on the phone. She tried also manually paying the state fee, but it doesn’t show anywhere nor does it register as being paid, so it didn’t work for me. BTW, I’m on a Mac not aPC, & apparently that complicates things.
a month ago
I had also paid for Live Tax Advice. It appears this feature was lost when the file was saved.
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a month ago
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1...
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It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return.
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 …. ,
a month ago
I can't find any mention in TurboTax.
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a month ago
I just hung up from TurboTax product support. Their answer was to get me to switch to their Expert Service. This is a calculation error, not a tax application question. Anyway, I know what the correc...
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I just hung up from TurboTax product support. Their answer was to get me to switch to their Expert Service. This is a calculation error, not a tax application question. Anyway, I know what the correct answer is, so my options are: 1) File with the TT calculations, which are probably wrong, or 2) Override their calculation and risk having electronic filing rejected. They warranty accuracy of calculations, but this sounds like it could be a mess. What are Oklahoma filers thinking? I am ready to file, just don’t know which path to follow. Any thoughts?
a month ago
I called both Sat. & Sun., as well as today. If you read earlier posts you will see that several people have said that they get hung up on.
a month ago
Where enter cash liquidation distributions from 1099-DIV Box 9?
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a month ago
I am a 19 year old full-time college student, working part-time. I am a dependent.
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a month ago
how much are you typing in manually - most 1099Bs can just be input at summary level unless you have basis adjustments for wash sales and AMD those are better input at detailed level to avoiding send...
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how much are you typing in manually - most 1099Bs can just be input at summary level unless you have basis adjustments for wash sales and AMD those are better input at detailed level to avoiding sending more detail to IRS. The rest of the transaction detail is not needed to file.
a month ago
If you're over 55, you can contribute up to $8000. But there are some rules you need to know.
If you are covered by a retirement at work, your IRA deduction may be limited.
If you are ...
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If you're over 55, you can contribute up to $8000. But there are some rules you need to know.
If you are covered by a retirement at work, your IRA deduction may be limited.
If you are single, you may not deduct your contribution because the phaseout ends at $89,000
If Married filing Jointly, you may deduct because the phaseout starts at $126,000
If Married Filing Joint and spouse has a retirement plan at work, you may deduct because the phaseout starts at $236,000
If you are not covered by a retirement plan at work, you are entitled to deduct your full $8000 contribution.
If you wish to contribute to a Roth IRA, you may contribute the full amount whether you are single or married because $114,000 is well within the income limits for both filing statuses listed.
If you are unable to deduct your contribution because of the rules listed above, you can make a non-deductible contribution to your IRA.