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a month ago
@ tjbc wrote: Colorado 2025 return still not processing Is everyone else experiencing a long delay with Colorado starting to process your return after it shows accepted in TurboTax? It's no...
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@ tjbc wrote: Colorado 2025 return still not processing Is everyone else experiencing a long delay with Colorado starting to process your return after it shows accepted in TurboTax? It's not clear by what you mean by "starting" to process the return? Does that mean you can't find any evidence of it at the Colorado DOR refund lookup tool linked below? As for timeframes to receive the refund once processed, the Colorado DOR website says: On average, expect the following timeframes before receiving your refund: e-filing: 3-5 weeks paper filing: up to 3 months Follow your status here: Colorado refund lookup tool: https://tax.colorado.gov/refund NOTE: At the tool, once you click "Check my refund" and go to the next page, you don't have to sign up and log in with a username, etc. You can scroll down that second page a bit to a "Where's My Refund for Individuals" link that goes right to the tool entry without needing to log in with a username. It's kinda hidden, but there is a message near the top right that says to go to that link to avoid a username.
a month ago
No. The income tax adjustment is used in case you need to make an adjustment on the state income vs federal income. The amount in box 17 from your W-2 should already be taken into account. Normall...
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No. The income tax adjustment is used in case you need to make an adjustment on the state income vs federal income. The amount in box 17 from your W-2 should already be taken into account. Normally, you leave those income tax adjustments fields alone unless you need to adjust the income for whatever reason.
a month ago
Yes, you have to report it.
a month ago
Is everyone else experiencing a long delay with Colorado starting to process your return after it shows accepted in TurboTax?
a month ago
@baldietax Thank you for your reply. I added an edit in my post. I contributed to traditional IRA and did backdoor roth IRA conversion in March 2024 and filed that for 2023 which I think was corre...
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@baldietax Thank you for your reply. I added an edit in my post. I contributed to traditional IRA and did backdoor roth IRA conversion in March 2024 and filed that for 2023 which I think was correct and the amount in form 8606 was not taxable. But the tax year 2024 I think has issue because the amount I contributed in 2023 shows in my 2024 return as taxable. agree? Then, I think I need to amend the year 2024, right? Appreciate your help.
a month ago
Since Texas has no state income tax, your best bet is to take the sales tax deduction using the optional sales tax tables and if applicable, add the actual sales tax paid on big-ticket items like a n...
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Since Texas has no state income tax, your best bet is to take the sales tax deduction using the optional sales tax tables and if applicable, add the actual sales tax paid on big-ticket items like a new car, boat, etc. Keep in mind, you must itemize your deductions in order to deduct your state and local taxes.
See Where do I enter my sales taxes paid? for more information.
a month ago
Thank you for your reply. I added an edit in my post. I contributed to traditional IRA and did backdoor roth IRA conversion in March 2024 and filed that for 2023 which I think was correct and the am...
See more...
Thank you for your reply. I added an edit in my post. I contributed to traditional IRA and did backdoor roth IRA conversion in March 2024 and filed that for 2023 which I think was correct and the amount in form 8606 was not taxable. But the tax year 2024 I think has issue because the amount I contributed in 2023 shows in my 2024 return as taxable. agree? Then, I think I need to amend the year 2024, right? Appreciate your help.
a month ago
Hello, For tax year 2025, I had a lot of additional income from an out-of-state summer internship that was not subject to withholding in GA. I made an estimated tax payment on 6/16/2025 (1 day la...
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Hello, For tax year 2025, I had a lot of additional income from an out-of-state summer internship that was not subject to withholding in GA. I made an estimated tax payment on 6/16/2025 (1 day late, I know) and another one on 9/15/2025. From my understanding, under the safe harbor rule, I should incur no penalty if I made quarterly payments on time that meet or exceed my 2024 tax. If it matters, in 2024 my filing status was single, this year it will be married filing jointly. In 2024, my tax was $1,630. My cumulative tax payments to GA (withholding and estimated payments) from 1/1/2025 to the respective quarterly deadlines: 4/15/2025: $318 6/15/2025: $442 9/15/2025: $2,673 4/15/2026: $3,172 My total GA tax for 2025 is $3,376. I can also claim around $961 in taxes paid to my internship state, so I would actually be due a refund of over $500. My problem is that TurboTax is claiming that I owe an underpayment penalty to GA in the amount of $84. Does this seem accurate? It seems to me that had I made my June estimated payment on time (1 day earlier), I should have been able to avoid this entirely. How does TurboTax arrive at this value? Thank you very much in advance!
a month ago
This child was not my step child at the time of my marriage. I was married to her father, but the child's biological mother and father had 50/50 custody of her. I had zero legal ties to the child....
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This child was not my step child at the time of my marriage. I was married to her father, but the child's biological mother and father had 50/50 custody of her. I had zero legal ties to the child. So would that still be considered a "stepchild"?
a month ago
Are you in a different account?
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...
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Are you in a different account?
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
Or did you use the desktop version of TurboTax? If so, the files are on your own hard drive or any backup device you used like a flash drive.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US
https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0
a month ago
Yes. If you are 65 or older your return will print out on a 1040SR. The Form 1040 and Form 1040SR are identical in every way except for the size of the print. All of the lines and all of the ca...
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Yes. If you are 65 or older your return will print out on a 1040SR. The Form 1040 and Form 1040SR are identical in every way except for the size of the print. All of the lines and all of the calculations are done identically. Your tax due or refund is not affected in any way by using 1040 or 1040SR.
a month ago
My pensions are from our military retirement and my civil service retirement. Should it be reduced?
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a month ago
I was out of work. They were sending me money from workers comp. This form show that I did not federal withhold. Just curious to know if I need to report this or if it’s tax free
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a month ago
1 Cheer
The Form 1040X is scheduled to be available on February 26. The date is subject to change, so check on 2-26 to see if it is ready. Before that, do not change anything at all on your return.
a month ago
@ rogkm56tm asked: "Is someone using my account?" This is a user community forum, so no one here can know that. Do you see evidence of unusual activity in your account? Is a tax return being ...
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@ rogkm56tm asked: "Is someone using my account?" This is a user community forum, so no one here can know that. Do you see evidence of unusual activity in your account? Is a tax return being prepared you don't recognize? If you are concerned about account security, you can phone TurboTax Support. I left contact info lower down. You can also change your password and can view your "Account activity". Log in, then at the bottom of the left column menu choose Intuit Account. In the account settings choose the tab "Sign in & Security." You can change your password and add additional authentication, if desired. Also, while you are on that "Sign in & security screen," you can look to see what browser (and when) has been accessing your online account. There should be a link called "Account activity." Here's how to contact TurboTax for more specific help or concerns: Contact TurboTax Hours 5AM-9PM Pacific, 7 days per week https://ttlc.intuit.com/turbotax-support/en-us/contact/
a month ago
1 Cheer
If I was reporting them on my tax return I would probably treat them as Section 1256 contracts or perhaps capital assets (like stocks). I would not treat them as gambling winnings/losses. Another ...
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If I was reporting them on my tax return I would probably treat them as Section 1256 contracts or perhaps capital assets (like stocks). I would not treat them as gambling winnings/losses. Another option I didin't mention in the previous post is to report net winnings as "Other Income" on Schedule 1 of Form 1040. Kalshi, which I believe is the largest predictions market platform is already fully regulated by the CFTC and are operating as a registered Designated Contract Market. I would guess Robinhood is too since they provide options trading. States want them treated as gambling proceeds and losses so they can regulate and control them. But the CFTC wants jurisdiction, and I'm guessing they will win that battle. My rebuttal to someone that says they should be treated as gambling winnings and losses would be "show me the authoritative source!".
a month ago
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