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a month ago
@tomecekjonathan Hmmmm...maybe maybe not. IF the state area of your W-2 (boxes 15,16,17) only shows IA withholding and IA income. Then you don't prepare and file an IL nonresident tax retu...
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@tomecekjonathan Hmmmm...maybe maybe not. IF the state area of your W-2 (boxes 15,16,17) only shows IA withholding and IA income. Then you don't prepare and file an IL nonresident tax return at all. (unless you had other IL income). IF that is the case, in the Personal Info section, you DO NOT say you worked in another states...since it is all treated As-If you worked in IA. _________________________ Deleting the IL non-resident tax return that was started with the "Online" software: How do I delete my state return in TurboTax Online?
a month ago
Yes, startup costs do include office furniture and the upfront money to lease the building. You can also include the security deposit and initial improvements made to the property.
You can revi...
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Yes, startup costs do include office furniture and the upfront money to lease the building. You can also include the security deposit and initial improvements made to the property.
You can review the TurboTax article Start-up Business Tax Tips
a month ago
Thank you for reporting your experience. We are currently investigating the issue and will provide updates as soon as possible.
a month ago
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/m...
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Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
a month ago
Thank you 100%, finally a complete explanation on how to report it. FYI, most of these from all the message boards are related to Online Gambling Casinos that are hiding as Non-Gambling establish...
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Thank you 100%, finally a complete explanation on how to report it. FYI, most of these from all the message boards are related to Online Gambling Casinos that are hiding as Non-Gambling establishments and send us 1099-MISC instead of W-2G's.
a month ago
When after February 13th 2025 will depreciation for rental properties be available in TurboTax online? Its now the 18th February and its still not available!
a month ago
If you do the recharacterization of your Traditional IRA contribution before the due date of your 2025 tax return, then it will be as if you did not make the Traditional IRA contribution at all.
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If you do the recharacterization of your Traditional IRA contribution before the due date of your 2025 tax return, then it will be as if you did not make the Traditional IRA contribution at all.
This would be reported in TurboTax by going through the Traditional IRA contribution section of your return (because that is what was done during 2025) and answering the follow-up questions to state that the contribution was recharacterized to a Roth IRA.
To learn more, take a look at the following TurboTax help article:
What are IRA conversions and recharacterizations?
a month ago
You don't use Form 5498 to report an IRA distribution/rollover. You should have received a Form 1099-R. When you enter your 1099-R, there will be a series of questions at the end. One of those que...
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You don't use Form 5498 to report an IRA distribution/rollover. You should have received a Form 1099-R. When you enter your 1099-R, there will be a series of questions at the end. One of those questions will ask what you did with the money. Be sure to answer that you rolled ALL of the money into another qualified plan, or the same plan.
a month ago
It worked in part, but... It deleted the item that I was trying to delete, but it added an "Untitled" at the bottom of the list. I tried following the same procedure to delete that item (deleting th...
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It worked in part, but... It deleted the item that I was trying to delete, but it added an "Untitled" at the bottom of the list. I tried following the same procedure to delete that item (deleting the blank form), but it repopulates the list with it each time when I go back to it.
a month ago
I've called TurboTax on phone waited an hour and they couldn't help me I need help getting that return.
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a month ago
TT can support only one country per 1099. Here is a suggested workaround . This is an example of the preparation to fill out a form 1116 for taxes paid by 3 countries within a 1099-DIV. They ar...
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TT can support only one country per 1099. Here is a suggested workaround . This is an example of the preparation to fill out a form 1116 for taxes paid by 3 countries within a 1099-DIV. They are: a: RIC which includes all mutual funds/ETF”s b: Canada c: United Kingdom Three fictitious 1099-DIV’s will be created. The original 1099-DIV will be used for domestic income only. Bring up a new blank 1099-DIV. For convenience name the payer the same as the country it represents. In this case the payer is RIC. From the broker’s supplemental info, insert into box 1a the ordinary dividends from any and all mutual funds/ETF’s. In box 1b, insert all qualified dividends from all mutual funds/ETF’s. In box 7, insert the foreign tax paid from all mutual funds/ETF’s. That completes the 1st fictitious 1099-DIV. Bring up a 2nd blank 1099-DIV. Name the payer Canada. In box 1a, insert all the ordinary dividends from Canada; in box 1b all the qualified dividends from Canada and in box 7 the tax paid to Canada. That completes the 2nd fictitious 1099-DIV. Bring up a 3rd blank 1099-DIV. Name the payer U.K. In box 1a, insert all the ordinary dividends from the U.K.; in box 1b all the qualified dividends from the U.K. The U.K. does not withhold taxes, but TT must see an amount in box 7 during the interview. Insert $1.00 into box 7 and subtract $1.00 from box 7 from either of the previous fictitious 1099’s. That completes the 3rd fictitious 1099-DIV. On the original 1099-DIV, subtract all the foreign amounts from box 1a so that only the domestic ordinary dividends remain. Subtract all foreign amounts from box 1b so that only the domestic qualified dividends remain. Delete the amount in box 7, the foreign tax paid. If there are more than 3 countries, TT will automatically generate additional F1116 copies as necessary If there are more than 6 countries, the screen with the header “Report foreign tax paid to XXX” will only display up to 6 payers. Additional payers are on the following screen. User has multiple 1099’s and multiple countries. You have 2 1099’s and 4 countries. TT can support only one country per 1099-DIV. You will need 4 1099’s, 2 actual and 2 fictitious. Select one of the actual 1099’s and dedicate it to one country. In box 7 insert only the tax paid to that county. Do the same for the 2nd country. Bring up a blank 1099-DIV. For convenience, name the payer the same as the country it represents. Insert the amount of the ordinary dividends in box 1a, the qualified dividends in box 1b and the tax in box 7. Subtract these amounts from the actual 1099-DIV. Do the same for the remaining country. When done you have 4 1099’s; each one representing one country. When you go the interview, you will insert all 4 countries from a dropdown box; then TT will ask you to select one at a time to insert the foreign ordinary dividends; then circle back to the next country etc. The issue of the largest tax paid being used on copy1 does not apply here as you are only using passive category of income. Copy 1 will have parts 1 thru 4 filled out and copy 2 will only have part 1 and 2 filled.
a month ago
I had the same question so thank you for answering. I am curious why TurboTax asks for this information, what is it used for on the tax return? In my case I am reporting Traditional IRA rollover conv...
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I had the same question so thank you for answering. I am curious why TurboTax asks for this information, what is it used for on the tax return? In my case I am reporting Traditional IRA rollover conversion to ROTH IRA
a month ago
Are you married, you or your spouse has family HDHP coverage and your spouse contributed $4,300 ($5,300 if over age 50)? If so, you are subject to the family contribution limit and you've exceeded t...
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Are you married, you or your spouse has family HDHP coverage and your spouse contributed $4,300 ($5,300 if over age 50)? If so, you are subject to the family contribution limit and you've exceeded the family limit by $50. The family limit without catch-up is $8,550, $50 less than twice the $4,300 self-only limit.
a month ago
@dburns wrote:
Please be advised that i need to rescind my turbo tax payment as I did not want the expert just the normal.
Please cancel payment
You will have to contact TurboTax support...
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@dburns wrote:
Please be advised that i need to rescind my turbo tax payment as I did not want the expert just the normal.
Please cancel payment
You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=lfgviwbm
a month ago
The Bug I would like to report is not related to the Turbo tax desktop. The is bug on the online payment for state filing with credit card. the expiration window for your credit card only accept unti...
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The Bug I would like to report is not related to the Turbo tax desktop. The is bug on the online payment for state filing with credit card. the expiration window for your credit card only accept until 8th Month. So iIcan't proceed with my payment
a month ago
Please be advised that i need to rescind my turbo tax payment as I did not want the expert just the normal. Please cancel payment
a month ago
You can aggregate all IRA RMDs and take a single distribution from one IRA account to satisfy them all; however, as dmertz stated, the IRS requires that RMDs from 401(k) plans be calculated and taken...
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You can aggregate all IRA RMDs and take a single distribution from one IRA account to satisfy them all; however, as dmertz stated, the IRS requires that RMDs from 401(k) plans be calculated and taken separately from each specific 401(k) plan.
a month ago
It depends on which version of TurboTax you are using. If you are using Home and Business, it does generate the 1099, however, you would need to create a business which would create a schedule C whic...
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It depends on which version of TurboTax you are using. If you are using Home and Business, it does generate the 1099, however, you would need to create a business which would create a schedule C which you do not want to do.
What you can do instead is use Quick Employer Forms. If both of your names are on the forms, you do not need to do this. You only need to do this if the forms are in just your name.
a month ago
1 Cheer
It's Deductible is no longer available? Help says there's a new tool on the way. When will it be ready?
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