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a month ago
@SteamTrain Did I fix it right? I used the wrong word “minus”. It should have been “before”. We were posting at the same time so I hadn’t seen your post.
a month ago
What is in box 19 on your W-2? Is it just an amount, or is there also a code or abbreviation? Is there anything in box 20? What state did you work in?
a month ago
The refundable portion of the child tax credit, which is called the additional child tax credit, is based on having income from working. If you did not work you are not eligible for the ACTC. You...
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The refundable portion of the child tax credit, which is called the additional child tax credit, is based on having income from working. If you did not work you are not eligible for the ACTC. You have not mentioned what kind of income you had that "isn't taxable." If you do not have taxable income then a credit has no effect.
a month ago
I have the same problem as everyone else on download/install the 2025 TT on my mac. Seem no solutions and just have to return it back to Sams
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a month ago
Part D (and Part B) premiums are usually added in the same place you enter your SSA-1099 form (the Social Security Benefits Worksheet).
a month ago
I itemized my deductions so my line 12e amount is $25,413. I am certainly no expert, but it seems to me that this box shouldn't be checked if I am divorced and filing HOH. The box seems to indicate ...
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I itemized my deductions so my line 12e amount is $25,413. I am certainly no expert, but it seems to me that this box shouldn't be checked if I am divorced and filing HOH. The box seems to indicate that it should be checked only if you are legally separated, or MFS and lived apart from your spouse
a month ago
Code J simply indicates that a distribution was paid to you from a Roth IRA before you reached age 59½. It says nothing about what you did with what was distributed. Had the asset been transferred ...
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Code J simply indicates that a distribution was paid to you from a Roth IRA before you reached age 59½. It says nothing about what you did with what was distributed. Had the asset been transferred directly to another Roth IRA by the original Roth IRA custodian, there would have been nothing to report, no Form 1099-R at all. It's still not clear to me exactly what was distributed from the original Roth IRA. If it was cash and then that cash was used to purchase a capital investment outside of a Roth IRA, I don't think that you could justify self-certifying that you would qualify for a waiver of the 60-day rollover deadline. The only listed reason might seem to apply is that the distribution was deposited into an remained in an account that the taxpayer mistakenly thought was an eligible retirement plan, but using the cash for buying and selling something outside of a Roth IRA typically disqualifies one from getting a waiver of the rollover deadline. If the distribution from the original Roth IRA was instead an in-kind distribution of, say, shares of a mutual fund, those shares while outside of a Roth IRA could produce dividend and capital gains distributions that would be reported on a Form 1099-DIV. In that case, the shares and the resulting distribution would have to be rolled over together to the new Roth IRA. Because the Form 1099-DIV was in your name, it would have to be reported on your tax return but then subtracted back out using the nominee process. Still, the fact that there were taxes withheld doesn't square with a distribution that was entirely an in-kind distribution. For there to have been tax withholding, the distribution had to include at least as much cash as was withheld for taxes; taxes are paid in cash. If you received a Form 1099-B, that creates a somewhat different scenario, one that likely precludes you from rolling over the distribution from the original Roth IRA.
a month ago
1 Cheer
I was having the same issue. Someone else on this site told me to try Firefox (I currently use Chrome and Edge). Using Firefox resolved my issue. I am relieved it worked for me.
a month ago
In the interview for the Home Energy Credit, did you indicate YES that the improvements were 'made to your main home?' You may want to step through the section to check.
Or, in FORMS, there's...
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In the interview for the Home Energy Credit, did you indicate YES that the improvements were 'made to your main home?' You may want to step through the section to check.
Or, in FORMS, there's a checkbox on Form 5695 to indicate this.
@EdMC
a month ago
I have 2 funds that generated tax exempt dividends totaling $1272.92. In one, 8.39% is exempt in my state and 2.09% in US possessions for a total of 10.48%. 10.48% of the the total earned of $816.1...
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I have 2 funds that generated tax exempt dividends totaling $1272.92. In one, 8.39% is exempt in my state and 2.09% in US possessions for a total of 10.48%. 10.48% of the the total earned of $816.19 is $85.54. In the other fund, 10.04% is exempt in my state and 3.28% in US possessions for a total of 13.32%. 13.32% of the the total earned of $816.19 is $60.85. I added those together and entered the total of $146.39 as the tax exempt income for my state. I entered the balance (1272.92-146.39) of 1126.53 as the total for multiple states. Is this the correct way to handle this? Appreciate the help!
a month ago
You can contact your employer to receive your W2.
a month ago
Look at line 12e on your Form 1040. Are you getting the HOH standard deduction of $23,625?
a month ago
@PrivateGuy You will need to report the RMD you removed in 2025 on your 2025 tax return. Even though you aren't required to take any RMD until April 1 of the following year, you did the wise thing ...
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@PrivateGuy You will need to report the RMD you removed in 2025 on your 2025 tax return. Even though you aren't required to take any RMD until April 1 of the following year, you did the wise thing and took your 1st RMD in the year you turned 73. Your 1099-R for this withdrawal would get reported in TurboTax for 2025 and, if you took the full amount of your RMD (or more than your RMD), you will avoid the 25% penalty for not removing enough, If you had waited until April 1, 2026 to withdraw it, this would be your RMD for 2025 and you would then need to take another RMD for 2026 by December 31, 2026 to satisfy your RMD for this year. But you would then have also been required to report both RMDs on your 2026 return, potentially causing you to pay more in taxes than you would have by using your strategy of removing your 1st RMD in the year you turned 73.
a month ago
You need to contact your employer. They were required to provide you with the W-2 or access to your W-2 no later than 01/31/2026
a month ago
Does the information that you entered in the sales tax section match the information that you entered earlier as far as where you live? A disagreement there might confuse the program.
But if t...
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Does the information that you entered in the sales tax section match the information that you entered earlier as far as where you live? A disagreement there might confuse the program.
But if the program isn't letting you proceed first you should restart the program. If that doesn't help then you need to clear your cache and cookies.
Here's how to clear your cache.
Here's how to delete your cookies.
If that doesn't help then it is a good idea to go back through the step by step coach from the beginning and make sure that your dates are in 2025.
a month ago
Go to this TurboTax website to download the 2025 desktop edition you purchased - https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/
a month ago
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a month ago
Step through the HSA section again and after the 1099-SA summary, you should get the screen asking about additional contributions. If you're using TurboTax Online, close the program, and clear your ...
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Step through the HSA section again and after the 1099-SA summary, you should get the screen asking about additional contributions. If you're using TurboTax Online, close the program, and clear your Cache and Cookies first. It seems the program is accessing old links for you.
@jsobier
a month ago
I had to repay SSA in 2025 for survivor benefits received in 2024. These benefits were reported on my 2024 return. I see in Pub 915 that there could be a credit available. How do I trigger this in Tu...
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I had to repay SSA in 2025 for survivor benefits received in 2024. These benefits were reported on my 2024 return. I see in Pub 915 that there could be a credit available. How do I trigger this in Turbo Tax Deluxe Desktop?
a month ago
2 Cheers
Every AI I’ve asked (ChatGPT, Claude, and Gemini) disagrees with TurboTax’ position; thus my feedback that I will have to switch to another provider. There is an exception for 2025 (tips do not need ...
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Every AI I’ve asked (ChatGPT, Claude, and Gemini) disagrees with TurboTax’ position; thus my feedback that I will have to switch to another provider. There is an exception for 2025 (tips do not need to be reported on 1099) that has not been incorporated in your software…