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a month ago
A Trust was established, governed by the laws of NJ, for a Grantor with dementia in a NJ assisted living facility. The Grantor's personal address and the Trust's mailing address is the Trustee's home...
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A Trust was established, governed by the laws of NJ, for a Grantor with dementia in a NJ assisted living facility. The Grantor's personal address and the Trust's mailing address is the Trustee's home address in PA. She has no defined NJ address. Turbotax Business is defaulting to PA in the 1041 State section because of the PA mailing addresses. How can I get Turbotax to use NJ rather than PA?
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a month ago
I am assuming you moved from one state to the other.
When you move during the year, you are taxed by each state only on the income you earned while you were a resident of that specific state. ...
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I am assuming you moved from one state to the other.
When you move during the year, you are taxed by each state only on the income you earned while you were a resident of that specific state.
You will file as a part-year resident in Alabama.
You also file as a part-year resident in North Carolina.
The process of dividing your income between the states is called Allocation. When you complete your State returns, TurboTax will help you determine the portion of your total federal income that should be allocated to each state.
Wages from a W2 are usually split by the dates you lived in each state. Your W-2 boxes 15-17 should already show a breakdown, but you may need to adjust if they are incorrect.
Interest/Dividends are generally taxed only by the state where you lived when you received the payment.
Let us know if it's a different situation than moving from one state to the other or if you have questions on how to split income beyond wages, interest and dividends.
a month ago
@Pamhoward1967 Are you asking about the "5 day early" offer?
"5 days early" means you are supposed to receive your federal refund from one to five days sooner than the refund date shown on the ...
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@Pamhoward1967 Are you asking about the "5 day early" offer?
"5 days early" means you are supposed to receive your federal refund from one to five days sooner than the refund date shown on the IRS refund site. If it does not meet that "at least one day sooner" date, they are supposed to refund the $35 fee.
You have to pay attention to the date on the IRS refund site.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
a month ago
1 Cheer
TurboTax can do Ohio School District income taxes and a handful of others, but you'll need to identify which non-Ohio one you need.
TurboTax (TT) does not automatically prepare a School Distri...
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TurboTax can do Ohio School District income taxes and a handful of others, but you'll need to identify which non-Ohio one you need.
TurboTax (TT) does not automatically prepare a School District return (form SD100), you must initiate it.
At the screen, in the Ohio program, titled "A few things before we wrap up your state taxes" scroll down to School District taxes. Or later at the screen "Your 2025 Ohio Taxes are ready for us to check" -Click Other situations -Scroll down to School District taxes.
Beginning in 2024, TT will ask “Do you want to file your School District taxes”, if your W-2 showed SD withholding in box 19.
Usually the School District Income Tax (SDIT) return is e-filed with the state return, but there are exceptions. Read the Ohio 'filing instructions" that TurboTax prepares, They will tell you if the SD100 was e-filed or if you have to mail it.
a month ago
1 Cheer
If your Texas S-Corp has 100% passive income and has never been a C-Corp (so it has no accumulated E&P), the passive income termination rules generally don't apply. Those rules only create profits wh...
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If your Texas S-Corp has 100% passive income and has never been a C-Corp (so it has no accumulated E&P), the passive income termination rules generally don't apply. Those rules only create profits when an S-Corp has prior earnings and profits.
Now, regarding how to pass the income to yourself:
S-Corps income passes to shareholders directly via your Schedule K-1, whether or not you distribute the cash.
However, if you perform services for the corporation, the IRS requires you to pay yourself reasonable compensation as W-2 wages for those services before taking any distributions.
a month ago
Are you in the wrong 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-...
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Are you in the wrong 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
a month ago
Thanks Roger! One last question, I assume that I'll need to report my capital gains for the sale of the Florida house on my Alabama tax return, correct?
a month ago
THANK YOU! I hadn't realized that the 401(k) was categorized as a pension. Guess I still think of pensions in the older terms. The RMD is for inherited funds. I'm not yet taking any RMD's for my ow...
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THANK YOU! I hadn't realized that the 401(k) was categorized as a pension. Guess I still think of pensions in the older terms. The RMD is for inherited funds. I'm not yet taking any RMD's for my own retirement funds. Thanks again.
a month ago
Why do you think you have to correct that? Did you get a letter about it?
a month ago
Q. Do I have to file my 1098 T form?
A. No. The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequent...
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Q. Do I have to file my 1098 T form?
A. No. The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means the parent or student is eligible for a tuition credit or possibly the student has taxable scholarship income.
Here's a post on the five main points on the 1098-T:
https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114
a month ago
MarilynG1, I cleared the Cache and Cookies with Firefox and Edge per your advice this morning. I restarted Turbo Tax. I still have the problem. Clearing the Cache and Cookies didn't fix the prob...
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MarilynG1, I cleared the Cache and Cookies with Firefox and Edge per your advice this morning. I restarted Turbo Tax. I still have the problem. Clearing the Cache and Cookies didn't fix the problem. HK
a month ago
Do you have a tax question?
a month ago
It could be a "rounding error" if both the earnings and basis is rounded up or both down, the total of the rounded basis and rounded earnings could be one dollar off from the total listed on the 1099...
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It could be a "rounding error" if both the earnings and basis is rounded up or both down, the total of the rounded basis and rounded earnings could be one dollar off from the total listed on the 1099-Q.
Please try rounding the basis up or down to equal the total on the 1099-Q.
a month ago
MY REFUND WAS LESS THAN I EXPECTED
https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594
There can be a numb...
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MY REFUND WAS LESS THAN I EXPECTED
https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594
There can be a number of reasons why your refund was less than the amount you expected. First of all, look carefully at your actual tax returns. Next——check the IRS refund site https://www.irs.gov/refunds to see what the IRS says they issued for your refund. Sometimes the IRS reduces your refund. If the IRS reduced your refund they will send you a letter in several weeks.
There is sometimes confusion about the amount of refund to expect when users misinterpret the “summary” they saw in TurboTax. The amount of your refund is on your tax return. Federal refund is on line 35a on Form 1040 State tax forms are all different so we cannot tell you what line to look at on your state form. BUT it is important to actually LOOK at your tax return forms yourself and see the amounts of your tax refunds and/or tax due. A lot of confusion would be avoided by doing that.
Be aware also that your Federal refund and state refund do NOT come together. Federal and state tax returns are processed by two completely separate entities. There is no rule as to which one will come first,
It is also possible that your state reduced your refund for debts owed in your state—if the state reduced your state refund you will receive a letter from the state.
Did you choose to have TT fees deducted from your Federal refund? (Remember that if you did that, you also agreed to an extra refund processing fee of $40 or $45 in CA)
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
refund offset.
https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts
IRS Treasury Offset Program Call Center at 1-800-304-3107
https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts
https://ttlc.intuit.com/community/refunds/help/what-is-a-refund-offset/00/26301
Reduced Refund https://www.irs.gov/taxtopics/tc203
NOTE: You can contact the IRS Treasury Offset Program Call Center at 1-800-304-3107 to ask if they have an offset for you on file. TurboTax would not have that information.
https://turbotax.intuit.com/tax-tips/tax-payments/who-can-garnish-an-income-tax-refund/L7cPPzDyc
a month ago
We'd love to help you. Can you clarify what you need to do.
Do you have TurboTax?
Were you able to log in?
Did you answer all of the initial questions?
Are you ready to start entering ...
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We'd love to help you. Can you clarify what you need to do.
Do you have TurboTax?
Were you able to log in?
Did you answer all of the initial questions?
Are you ready to start entering your information?
Are you having a problem in a specific area?
a month ago
If you are referring to the IP PIN, then you will need a new one every year. Please take a look at the following IRS information about how to obtain your IP PIN once you have enrolled to get one. T...
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If you are referring to the IP PIN, then you will need a new one every year. Please take a look at the following IRS information about how to obtain your IP PIN once you have enrolled to get one. The PIN can be obtained online or in person.
Get an identity protection PIN (IP PIN)
a month ago
You can contact the issuer and ask them to correct the 1099-S and send one to each of you. Or, you will need to issue your siblings a 1099-S form along with form 1096 to report to the IRS their share...
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You can contact the issuer and ask them to correct the 1099-S and send one to each of you. Or, you will need to issue your siblings a 1099-S form along with form 1096 to report to the IRS their share of the income and show you were acting as a nominee.
To enter your 1099-S, you will do this in the investment section of TurboTax by selecting the following:
Federal
Income
Show More next to Investment Income
Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
Select Other
Continue through and select Other again for the type of investment
Answer how you obtained the property (inherited)
You will need to enter the selling price, dates and the cost basis of the inherited property
Continue through and select I have other expenses and list your siblings portions as your other expenses not reported
How Can I Protect My Inheritance From Taxes?
a month ago
To enter estimated tax paid in 2025
Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates
a month ago
You cannot change the tax year. The current online program is for 2025 only. Only a 2025 return can be prepared online and only a 2025 return can be e-filed.
Online preparation and e-filing...
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You cannot change the tax year. The current online program is for 2025 only. Only a 2025 return can be prepared online and only a 2025 return can be e-filed.
Online preparation and e-filing for 2022, 2023, and 2024 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2022, 2023, or 2024 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
a month ago
Can you clarify your question. I'm not sure what you want!