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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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a month ago
Can I file a 1040SR form on TurboTax?
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a month ago
I'm not following what you're reporting as your expense for the Home Energy Credit. If your portion of the expense is $1,000, your credit will only be 30% of that. If you can give more details, we...
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I'm not following what you're reporting as your expense for the Home Energy Credit. If your portion of the expense is $1,000, your credit will only be 30% of that. If you can give more details, we'll try to help. You could step through the interview again and adjust your expense down to where your final credit is only $1,000 and not indicate that the credit is 'shared'. To request a refund, Contact TurboTax Support and use 'Billing' as your issue. @STAWB
a month ago
I will try this, my program says success but I don,t get any data and when I try it goes into a loop.
a month ago
If the child was your stepchild, IRS regulations state that the adoption of a stepchild does not qualify for the adoption credit, even if you are no longer married to that person when the adoption is...
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If the child was your stepchild, IRS regulations state that the adoption of a stepchild does not qualify for the adoption credit, even if you are no longer married to that person when the adoption is finalized.
The IRS guidance specifically states that even if the adoption takes place after a divorce, it is still considered a stepchild adoption for tax purposes, as it is an intrafamily adoption.
a month ago
On Saturday, your expert says Thursday evening 19Jan On Sunday you say Friday, 20 Jan At this pace it'll never come out.
a month ago
8K for me, 8K for my wife. We are over 65. I should be able to add to my SEP also. Turbotax will not let me enter my wifes 8K. IRS says it is okay. Cant fiqure out how to enter these deductions in the...
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8K for me, 8K for my wife. We are over 65. I should be able to add to my SEP also. Turbotax will not let me enter my wifes 8K. IRS says it is okay. Cant fiqure out how to enter these deductions in their online tax prep. Keeps kicking out her 8K contribution.
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a month ago
TO REMOVE TURBOTAX LIVE
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-subscriptions/remove-turbotax-live/L3WW5jwOM_US_en_US
a month ago
I rolled over some 401k and 403b accounts to a financial company to Trad IRA around July of 2025 and now turbo tax wants the value of the trad, SEP and simple ira on Dec 31 2025 from form 5498. I ...
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I rolled over some 401k and 403b accounts to a financial company to Trad IRA around July of 2025 and now turbo tax wants the value of the trad, SEP and simple ira on Dec 31 2025 from form 5498. I have never received a form 5498 and when I log into the financial company it will not be ready until May 2026. What do I answer to move forward on this, since Turbo tax show " a value is required' ?
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a month ago
The rental section depreciation area is still in process, which is likely causing this issue.
It is expected to be available later this week with the end of the week updates (which typically oc...
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The rental section depreciation area is still in process, which is likely causing this issue.
It is expected to be available later this week with the end of the week updates (which typically occur on Thursday nights), so please check back at the end of the week.
a month ago
In TurboTax Online, follow these steps to access previous years tax returns:
First, make sure that you are in the same Intuit account where the previous years tax return was prepared.
Do...
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In TurboTax Online, follow these steps to access previous years tax returns:
First, make sure that you are in the same Intuit account where the previous years tax return was prepared.
Down the left side of the screen click on Tax Home.
At the bottom of the page, click to the right of Your tax returns & documents.
Select the year.
Select Download/print return (PDF).
Access your previous year’s tax returns to view tax information.
See also here.
Within the 2024 tax return, search for Form 4562 Depreciation and Amortization Report. It is the only horizontal document in the package.
a month ago
Para reclamar el crédito tributario por hijos en su declaración de impuestos y recibir el beneficio, Sus debe cumplir con los siguientes requisitos, además de haber vivido con usted por al menos 6 me...
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Para reclamar el crédito tributario por hijos en su declaración de impuestos y recibir el beneficio, Sus debe cumplir con los siguientes requisitos, además de haber vivido con usted por al menos 6 meses y mas aparte cumplir estor requisitos:
Tener menos de 17 años al 31 de diciembre de 2025.
Ser ciudadano estadounidense, nacional estadounidense o extranjero residente de EE. UU.
Tener un Número de Seguro Social (SSN) válido emitido antes de la fecha límite de presentación de impuestos.
Vivir con usted por más de la mitad del año (las ausencias temporales por la escuela cuentan).
Usted debe reclamar al niño como dependiente en su declaración de impuestos.
El niño no puede proveer más de la mitad de su propia manutención financiera.
Debe ser su hijo/a, hijastro/a, hijo/a de crianza elegible, hermano/a, hermanastro/a, medio hermano/a, media hermana, o descendiente de uno de estos (nieto/a, sobrino/a o sobrina).
Requisitos de los Padres (Nuevos para 2025):
Al menos uno de los padres debe tener un SSN válido (si presenta una declaración conjunta, solo uno de los cónyuges necesita un SSN).
No puede presentar la declaración como "Casado que presenta por separado" (Married Filing Separately), ya que este estado civil ahora lo descalifica para el Crédito Tributario por Hijos.
a month ago
We added solar panels only. I said "no" to the option just before this page, but it won't let me past without selecting an item we added when we didn't add any of them.
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