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@MinhT1 Hi, thanks for getting back to me. It turns out that Pub 535 has been replaced by Pub 334, Tax Guide for Small Business. In looking at that, I noticed that its "further info" section lists Pu... See more...
@MinhT1 Hi, thanks for getting back to me. It turns out that Pub 535 has been replaced by Pub 334, Tax Guide for Small Business. In looking at that, I noticed that its "further info" section lists Pub 925, Passive activities. Reading that led me to this key statement: passive activities do not include   Any income from intangible property, such as a patent, copyright, or literary, musical, or artistic composition, if your personal efforts significantly contributed to the creation of the property. (Pub 925, pg 10)   There are no time or active participation criteria, which I think implies that I should treat 2025's IP royalties the same way as if I was still active, and I take all the relevant deductions on Sch C as before. Correct?
You will not get the childcare credit until (unless) you enter income earned from working.   The credit does not work unless you enter your income first.   If you are filing a joint return you must s... See more...
You will not get the childcare credit until (unless) you enter income earned from working.   The credit does not work unless you enter your income first.   If you are filing a joint return you must show income for both spouses, or show that one or both of you was a student or disabled.   If you have self-employment income and show a loss you will not get the childcare credit.  You will not get the credit if you are filing married filing separately.     If you have entered all of your income and you have entered your dependent(s) then work on the childcare credit by entering the Tax ID or Social Security number of your childcare provider and enter the amount you paid for the childcare.   One of the most common mistakes that messes up the childcare credit for people is listing all of the earned income under only one name on a joint return.  Make very sure that your incomes are listed under each of your names.  It’s pretty easy to check.  Go to the Income section, and click “update” on Wages and Salary.  That will take you to the W-2 Summary.  Do you see income listed under both of your names?       The person receiving the care had to be 12 or under or qualified as mentally or physically disabled. To claim the childcare credit you need to be filing as Head of Household or Married Filing Jointly. (NOT married filing separately)    If your child was born in 2025 make sure you say the child lived with you all year. The credit is a percentage of your expenses based on your AGI (the higher the income, the lower the percentage)  You must provide the Social Security number for each child you are claiming, and the Social Security number or Tax ID for each care provider.    In the case of divorced or never-married parents—only the custodial parent can use the childcare credit.     And remember that the childcare credit is a NON-refundable credit.  It can reduce your tax owed down to zero, but it is not added to your refund.       https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-dependent-care-credit/L8h8A5Klg_US_en_US?uid=m5yifys1
Enter the amount in box1 into box 16 for the state distribution.  The state distribution does not flow to the state tax return.
The Form 1040X is scheduled to be available on March 4.  The date is subject to change, so check on 3-4 to see if it is ready.   Before that, do not change anything at all on your return.
Tried that immediately after you posted that, only to get rejected again today, over a week later. They aren't even giving me a reason for the error anymore, just that I was denied because of some "e... See more...
Tried that immediately after you posted that, only to get rejected again today, over a week later. They aren't even giving me a reason for the error anymore, just that I was denied because of some "error".
cannot download SCHWAB 1099 at all
I was told last week that it would be available today Feb 25th.
Each tax year has to be filed separately using the forms for the specific tax year.  They cannot be combined in any way--do not even put them in the same envelope when you mail them.  Software for pa... See more...
Each tax year has to be filed separately using the forms for the specific tax year.  They cannot be combined in any way--do not even put them in the same envelope when you mail them.  Software for past years is available back to 2022.  Any earlier years can only be prepared on paper forms by hand--and those refunds have been forfeited now.  Mail 2022 by April 15, 2026 or that refund is forfeited.   You cannot change the tax year.   The current online program is for 2025 only.   Only a 2025 return can be prepared online and only a 2025 return can be e-filed.   Online preparation and e-filing for 2022, 2023, and  2024 is permanently closed. Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.   To file a return for a prior tax year  If you need to prepare a return for 2022, 2023, or 2024  you can purchase and download desktop software to do it, then print, sign,  and mail the return(s) https://turbotax.intuit.com/personal-taxes/past-years-products/ You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.   Remember to prepare your state return as well—if you live in a state that has a state income tax.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.    
You will have to amend the tax returns that were filed to add new information on a 2022 tax return and on a 2023 tax return. See this TurboTax support FAQ for amending a prior year tax return - htt... See more...
You will have to amend the tax returns that were filed to add new information on a 2022 tax return and on a 2023 tax return. See this TurboTax support FAQ for amending a prior year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=ld1n99kr   If you did not file a prior year tax return - To complete and file a prior year (2022 thru 2024) tax return using TurboTax you would need to purchase, download and install on a personal computer one of the desktop editions for each tax year required from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/   A prior year tax return can only be printed and mailed, it cannot be e-filed using TurboTax.  Use a separate envelope for each tax year being mailed.
You said that you do this "for a period of time each year." So it's not just a one-time activity. That means that it is a self-employed business, even if you didn't think of it that way.  
How do I Fix my return if a 1099-R Box 16 is blank and Box 14 is not?
Hello, I just received my daughters 1098T (the college had a glitch).  I wasn't expecting for box 5 to be larger then box 1 so now I'm wondering if we are going to have to pay taxes on part of her sc... See more...
Hello, I just received my daughters 1098T (the college had a glitch).  I wasn't expecting for box 5 to be larger then box 1 so now I'm wondering if we are going to have to pay taxes on part of her scholarships.  Box 1 is $19350.00.  Box 5 is $21203. $2009.00 of that amount was given by the school as a res grant for staying on campus.  $3525.00 of that amount is outside scholarships and says it can be used for tuition or room and board. The rest of the scholarship doesn't state how it has to be used.  I've been reading a lot and I know there are a few loopholes but the more I read the more confused I get.  Her room and board, of course, are not in box 1 but we did use her 529 plan to finish paying what the scholarship did not cover.  I'm hoping we won't have to pay taxes on this amount but I was also hoping we would qualify for the AOC but that might not be possible because we used the 529 plan and I know you can't double dip.  Can you please help?
Cannot download 1099 composite from schwab  
Please double check the selection that you have made when looking at the maximum SEP contribution.  If you have selected 'Qualified Plans' that is not the same as a SEP and will allow you to make cat... See more...
Please double check the selection that you have made when looking at the maximum SEP contribution.  If you have selected 'Qualified Plans' that is not the same as a SEP and will allow you to make catch-up contributions as well as a much higher contribution than $70,000.
How do you print the IRS etimate vouchers without the "DO NOT FILE" thing in the background?
License Agreement Privacy Manage cookies Security Cobrowse Give feedback © 2026 Intuit Inc. All rights reserved. Back Before you post, let's review your question You asked: how do I upload statement... See more...
License Agreement Privacy Manage cookies Security Cobrowse Give feedback © 2026 Intuit Inc. All rights reserved. Back Before you post, let's review your question You asked: how do I upload statements from my Edward Jones accounts?
02/26/2026 - I spoke to a very helpful Level 2 Rep a Intuit Turbo-tax (Lynn B.).  She did a lot of investigation while I was on the phone with her and did find that there are a lot of people having t... See more...
02/26/2026 - I spoke to a very helpful Level 2 Rep a Intuit Turbo-tax (Lynn B.).  She did a lot of investigation while I was on the phone with her and did find that there are a lot of people having this same problem with the Wisconsin returns. She said it is only the people with retirement income that are having the problem.  She also said this is a State of Wisconsin issue - not Turbo-tax.  We discussed this at some length for clarification purposes and she said that most likely Wisconsin did not get the required changes made or made them today so they would be rolled into production tonight and would be available on Friday the 27th.  She was not sure about the Wisconsin schedule to get these changes into production but was giving a reason that this would not be working today. Obviously someone missed a commitment deadline.  I also spoke to her about the cryptic message we receive that should point the finger toward the Wisconsin DOR rather than Intuit Turbo-tax.  I hope this is not a big loop that I am in trying to get the straight story.  She also said that if we need to file a hard-copy return that we could be reimbursed for the $15 filing fee but I would get confirmation of this prior to sending in the hard-copy form.   So, my next step is to call the State of Wisconsin DOR to find out what they have to say.  And if I don't get a satisfactory answer, I will be calling my state Representative and/or our State Senator whom I happen to somewhat know from a few years back when he was our state Representative. I will update this when I have more information.  Isn't retirement great when one gets to spend it keeping people on task (for no income)? 🙂