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a month ago
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a month ago
If your return was rejected, be sure to clear your Cache and Cookies. Here's more info on how to resolve an address issue for Form 5695.
@Scrambled
a month ago
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a month ago
@Coyote69 Make every effort to gather up your necessary tax documents to take with you. You might have to contact old employers to get W-2's, or contact people or businesses that issued 1099NEC's t...
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@Coyote69 Make every effort to gather up your necessary tax documents to take with you. You might have to contact old employers to get W-2's, or contact people or businesses that issued 1099NEC's to you if you were self-employed, or go on financial websites to get 1099R's, 1099B's, etc etc. etc. You can also get wage and income transcripts from the IRS but they are tear your hair out maddening to use and they do not show any state information.
https://www.irs.gov/individuals/get-transcript
a month ago
Also, since you refinanced, note that the mortgage interest is not deductible unless you use the proceeds of the mortgage to buy, build, or substantially improve the home (hence, not deductible unles...
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Also, since you refinanced, note that the mortgage interest is not deductible unless you use the proceeds of the mortgage to buy, build, or substantially improve the home (hence, not deductible unless this property is used for rental purposes).
a month ago
For the second year in a row, the software appears to be completing the Ohio IT NRC (Non-Resident Credit) form incorrectly. I was reassured by support last year that the form was correct, and that I s...
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For the second year in a row, the software appears to be completing the Ohio IT NRC (Non-Resident Credit) form incorrectly. I was reassured by support last year that the form was correct, and that I should proceed with filing.
Several months later, I received notice from Ohio that the Non-Resident calculations were incorrect, and that I owed a balance for the corrections.
I'm in the same place this year, where the form is not carrying over my net deductions from the Ohio Schedule of Adjustments. I am Active Duty military, stationed outside of the state, and my wife is a non-resident, so my entire pay is deductible. With my deducted income not being added to the NRC, the non-resident portion of our AGI is being misrepresented, as my income washes out my spouse's, and we receive a credit of 0 rather than 1, equal to the amount of our tax liability (which is calculated based on her non-resident income alone).
I'm not sure how to proceed, as I can't get through to support the same way I could last year, and nothing on the UI impacts whether the net deductions are included on the form.
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a month ago
1 Cheer
No, you would only factor in the depreciation deducted on the property to determine the portion of any gain on the sale that requires special treatment. That would be the depreciation allowable durin...
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No, you would only factor in the depreciation deducted on the property to determine the portion of any gain on the sale that requires special treatment. That would be the depreciation allowable during the period of time you rented the house in your case.
a month ago
Box 15 is the two-letter abbreviation for your state. Here are some common issues and solutions for Box 15:
The program won't allow you to submit a W-2 with two different Box 15 through 17 line...
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Box 15 is the two-letter abbreviation for your state. Here are some common issues and solutions for Box 15:
The program won't allow you to submit a W-2 with two different Box 15 through 17 lines for the same state. It also won't allow you to submit two W-2's with the same EIN.
You can combine the Box 16 and 17 entries on one line for one state.
If your employer issued two W-2's to separate the states, you can enter just one W-2 and use additional lines for Box 15 through 17. Click the button for Add Another State under the W-2 entry fields.
If you have the situation in which all of the income is on one W-2, with a single EIN, and the items in boxes 15 through 17 have different State ID's, but are all under $1: add the Box 15 through 17 items on the two lines together and report them on one line in TurboTax using one of the State ID's.
Also, check to be sure you have the correct zip code. TurboTax will check the state ID against the zip code.
See this TurboTax tips article for more information on Form 1099-INT.
a month ago
1 Cheer
If you show all of the contributions that were made by your employer for 2025 then the system will let you know that you have over-contributed and ask if you removed the over-contribution before the ...
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If you show all of the contributions that were made by your employer for 2025 then the system will let you know that you have over-contributed and ask if you removed the over-contribution before the end of 2025. You'll answer yes and the system will enter the withdrawal on your tax return.
There will be no need to enter anything on your 2026 return.
a month ago
Yes,. If you did not claim the Overtime deduction and you qualify for the deduction, then you can Amend Your Return to claim it. The amended forms are not quite ready yet, but you can use this tool ...
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Yes,. If you did not claim the Overtime deduction and you qualify for the deduction, then you can Amend Your Return to claim it. The amended forms are not quite ready yet, but you can use this tool to see when they become available. Since this is an above the line deduction, depending on your tax situation, you may or may not see a difference in your refund. If you do not, then you would not need to amend the return. You can then go to the delete a form section and delete the 1040X.
To qualify the following must apply:
You must be a non-exempt employee eligible for Overtime under the federal Fair Labor Standards Act
The Overtime must be on hours worked OVER 40 hours. (if you live in a state where OT pay is required after 8 hours, this does not apply)
Only the premium or .5 over your hourly rate is deductible.
Overtime must be paid at more than your regular hourly rate.
Your filing status cannot be Married Filing Separately
Your income must be less than $150,000 if you are single or $300,000 if Married Filing Jointly.
A few notes amount amending
You will have to use the same TurboTax account that you used for the original tax return.
The refund calculator will start new at $0. The new number you see will be the number you now owe or the extra you will get back. This number takes into consideration the amount of your refund or payment in the original return.
Select your product below and follow the instructions.
Amend TurboTax Online
Amend TurboTax CD/Download
a month ago
dont have either of those and the manufacture of my solar panels is not listed on the IRS web site. So need other alternatives to find the QMIN
The info I find on the internet does say it can be deducted even with taking the standard? Yes, you can use Form 1098-VLI to claim a deduction for interest paid on a qualified new-vehicle loan, e...
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The info I find on the internet does say it can be deducted even with taking the standard? Yes, you can use Form 1098-VLI to claim a deduction for interest paid on a qualified new-vehicle loan, even if you are taking the standard deduction, because this, (often referred to as part of the One Big Beautiful Bill Act (OBBBA)) allows for a below-the-line deduction. It is designed as a temporary incentive to deduct up to of interest paid on qualified vehicle loans, independent of itemizing.
a month ago
Are you unable to e-file because of not knowing your AGI? If you have last year's tax return available, you can look up your AGI, which will be the number on line 11 of the Form 1040 that you would ...
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Are you unable to e-file because of not knowing your AGI? If you have last year's tax return available, you can look up your AGI, which will be the number on line 11 of the Form 1040 that you would have filed last year with the IRS.
You can also look up your AGI in your IRS account online - it would be in the tax records section of your account.
If the issue is with working in TurboTax and having problems with your residency dates in each state, would you be able to provide more information about the issue you're having with those dates so that we can better assist you.
a month ago
Supposedly coming this Thursday night or Friday.
a month ago
The ROTH owner also had to have the income to cover the contribution. You should not have a tax liability. The concern is the IRS asking questions later vs waiting on the fix. It is your choice. The ...
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The ROTH owner also had to have the income to cover the contribution. You should not have a tax liability. The concern is the IRS asking questions later vs waiting on the fix. It is your choice. The IRS is getting quite sophisticated and knows account balances and socials so they may not even ask. Either way, keep good records, just in case. Well done with the rules!
a month ago
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a month ago
Yes!! you did it. Thank you so much. Where/How to do I indicate how satisfied I am with your assistance?
a month ago
By February means by Feb 1st, so w here is "depreciation"?
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a month ago
I got through to Tech Support and there is an open ticket on this issue and "... a team is working on correcting this known problem".