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- Yes, I qualified under Physical Test - dates are from 1/1 -12/31 - no foreign housing exlcusion
Hi, I have a retirement account  (AFP), that I opened in Peru back in 1998. I only made a one time deposit of less than $200 and never funded it again. I just checked as I was preparing my tax retur... See more...
Hi, I have a retirement account  (AFP), that I opened in Peru back in 1998. I only made a one time deposit of less than $200 and never funded it again. I just checked as I was preparing my tax return for 2025, and the balance is around $300 with a gain of approximately $20 for the year. Do I need to report that? I was thinking about closing that account that is more of a hassle than a it is a benefit.
If you walked through the steps and did not enter it as a stock sale, it will still on the summary screen show 1099-B.  There is NOT a 1099-B generated, it is properly reported on the Capital Asset S... See more...
If you walked through the steps and did not enter it as a stock sale, it will still on the summary screen show 1099-B.  There is NOT a 1099-B generated, it is properly reported on the Capital Asset Sales Worksheet and form 8949.   If you want to double check to be sure, you can go to forms mode in the desktop version or to the print center online and go through the list of forms and worksheets to be sure that there is not a 1099-B listed. 
You most likely do not need to amend your 2024 return. This is a common scenario and if you do not own a business, Form 8995 was almost certainly triggered by one of the following three common invest... See more...
You most likely do not need to amend your 2024 return. This is a common scenario and if you do not own a business, Form 8995 was almost certainly triggered by one of the following three common investment scenarios:   1099-Div Form If you own mutual funds, exchange-traded funds (ETFs), or individual stocks in a standard brokerage account, you likely received a Form 1099-DIV. Many funds invest a portion of their portfolio in Real Estate Investment Trusts (REITs). The IRS classifies REIT dividends as "Section 199A dividends." These dividends are reported in Box 5 of your 1099-DIV and automatically qualify for the 20% QBI deduction, completely independent of whether you own a business. Schedule K-1 Investment If you are a partner, shareholder, or beneficiary in a Partnership, S-Corporation, Estate, or Trust, you receive a Schedule K-1 at tax time. Even if you do not actively participate in the business, the entity passes its income (and the associated QBI deduction) directly to your personal tax return. Rental Property If you own rental property and claim income and expenses on Schedule E, the IRS often allows this activity to qualify as a "trade or business" for the purposes of this specific deduction.   You can quickly solve this mystery by looking directly at your printed or downloaded 2024 Form 8995: Look at Line 2: If there is a dollar amount here (labeled REIT dividends and PTP income), the form was generated by your investment portfolio (your 1099-DIVs). This is entirely normal and correct. Look at Line 1: If there is a business name or description listed here, check the name. It will usually be the name of the Partnership/S-Corp from a K-1, or the address of your rental property. As long as the income listed on the form ties back to your investment documents, there is no error, and amending is not necessary, you simply received a beneficial tax break on your investments.
"IND-183-01 - The Spouse did not enter a valid Identity Protection Personal Identification Number (IP PIN). Please visit www.irs.gov/getanippin for further information and resubmit your return with t... See more...
"IND-183-01 - The Spouse did not enter a valid Identity Protection Personal Identification Number (IP PIN). Please visit www.irs.gov/getanippin for further information and resubmit your return with the correct number." I only saw a place to enter the 5-digit PIN, not the 6-digit IP PIN my wife got from the IRS site.
When you open TurboTax, it should be in the return status section.  It will list the error and then have a button saying "Fix the problem" or words to that effect.    
The free edition has very specific guidelines. You can refer to Criteria for TurboTax Free.
As DoninGA said, to enter your Roth IRA contribution in TurboTax Online, go to:   Deductions & Credits>Retirement and Investments>Traditional and Roth IRA Contributions   Check the box for Ro... See more...
As DoninGA said, to enter your Roth IRA contribution in TurboTax Online, go to:   Deductions & Credits>Retirement and Investments>Traditional and Roth IRA Contributions   Check the box for Roth IRA and follow the prompts to answer questions related to your contribution.   Note that contributions to a Roth IRA are not tax deductible.
Although you are "volunteering" you are being paid for services.  Since you are being paid for services and are not treated as an employee, this would be considered self-employment income. 
As a possibility you may have the same issue that I had, and the solution was corrupted or missing Microsoft C** extensions that prevented updating the application. 🛠️ The Fix That Worked Here are... See more...
As a possibility you may have the same issue that I had, and the solution was corrupted or missing Microsoft C** extensions that prevented updating the application. 🛠️ The Fix That Worked Here are the exact steps that solved the problem: 1. Uninstall TurboTax 2025 Use Windows “Add or Remove Programs” to remove TurboTax Premier 2025. 2. Re‑download TurboTax from your original purchase link Do not reuse an old installer. Go back to the retailer or download site where you originally purchased TurboTax and download a fresh copy. 3. Run the installer When I did this, the installer immediately detected that required Microsoft Visual C++ modules were missing. 4. Allow TurboTax to install the missing C++ components The installer handled this automatically. 5. Install TurboTax normally After the C++ modules were installed, TurboTax installed cleanly and worked perfectly.   🎉 Results After reinstalling with the correct dependencies: TurboTax updated normally No errors No manual patch needed No leftover “Updating” folder It even auto‑activated using my previous product ID Everything worked on the first try after the reinstall.   💡 Why This Matters If the Microsoft C++ runtime is damaged or missing, none of the usual troubleshooting steps will fix the updater. A clean reinstall that forces TurboTax to reinstall its required C++ components is the real solution
If you did not receive health care insurance through one of the State Marketplace Exchanges or from healthcare.gov you would not have received a Form 1095-A.   Is this your situation?  If so, the... See more...
If you did not receive health care insurance through one of the State Marketplace Exchanges or from healthcare.gov you would not have received a Form 1095-A.   Is this your situation?  If so, then select NO when asked about a Form 1095-A.
Keep track yourself with your own records.   Contributions are reported to you by the broker on form 5498, usually issued in May of the following year.  The IRS gets a copy of form 5498, but they... See more...
Keep track yourself with your own records.   Contributions are reported to you by the broker on form 5498, usually issued in May of the following year.  The IRS gets a copy of form 5498, but they only keep copies for 7 years and they don't keep track for you.   The broker will not keep track for you, for various reasons that I can explain if you are really curious.     IRA means individual retirement arrangement.  You only have one arrangement, regardless of how many different accounts you have at different brokers.  Your contributions and withdrawals are combined for tax purposes.  (If you contribute $5000 to account A and $5000 to account B, and then withdraw $6000 from account A, that counts as all basis, and you have $4000 of basis left in your IRA even though it is not balanced across accounts.)   So you only need to keep track of your total lifetime contributions, total lifetime conversions, and total lifetime withdrawals--you don't have to track multiple accounts separately if you don't want to.  
If 2025 is your first year to file jointly, you would each use your own 2024 AGI, and since  (he) didn't file last year, using an AGI of 0 for him would be correct.   The issue is who is listed first... See more...
If 2025 is your first year to file jointly, you would each use your own 2024 AGI, and since  (he) didn't file last year, using an AGI of 0 for him would be correct.   The issue is who is listed first on the return?   We don't know who is listed first and second on the return.    That rejection code is for the second taxpayer listed on the return.   Are you listed first and (he) listed second?   Or is (he) listed first, and you are listed second?   If he is listed first, then the rejection error code is for you (as second taxpayer.)   That makes more sense.  Since he didn't file last year, he has no choice but 0 for the 2024 AGI.
To enter, edit or delete an IRA contribution - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll do... See more...
To enter, edit or delete an IRA contribution - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Retirement and Investments On Traditional and Roth IRA Contributions, click the start or update button
Thank you very much, that worked and I can verify that all the numbers add up.
Como información general trata de tener a mano todos los documentos necesarios como el W-2 (si eres empleado) o los formularios de 1099 (si trabajas por cuenta propia). Ingresa tus datos de maner... See more...
Como información general trata de tener a mano todos los documentos necesarios como el W-2 (si eres empleado) o los formularios de 1099 (si trabajas por cuenta propia). Ingresa tus datos de manera correcta tal y como aparecen en tus documentos personales (nombre completo, dirección, teléfono, Seguro Social). En el siguiente enlace están todas las instrucciones de cómo hacerlo: Cómo presentar impuestos electrónicamente  
Sounds like something got stuck. You can try these things:   Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu. Clear Cache and Cookies: This removes old, ... See more...
Sounds like something got stuck. You can try these things:   Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu. Clear Cache and Cookies: This removes old, "corrupted" data that might be confusing the website. Use an Incognito (Private) Window: This is the most effective "quick fix" because it launches the browser without any saved history or extensions (like AdBlockers) that often interfere with tax forms. Check Pop-up Blockers: TurboTax often opens forms (like the 1099 PDF) or payment windows in a separate pop-up. Look at the right side of your address bar for a small icon with a "red X"—click it and select "Always allow pop-ups from Intuit." Restart the Browser: Close all open windows of your browser entirely and then reopen it.   Most TurboTax errors happen because the browser is trying to use an old "session" from a previous visit. By clearing the cache or using Incognito mode, you force the browser to establish a brand-new, secure connection with the Intuit servers.
If you are receiving a Smart Check message regarding Section 199A reported in Box 20 Code Z with no business income entered, you may be able to resolve this by returning to your K-1 entry and working... See more...
If you are receiving a Smart Check message regarding Section 199A reported in Box 20 Code Z with no business income entered, you may be able to resolve this by returning to your K-1 entry and working through the QBI section again. Note especially step 3 below.   Confirm that you checked the box for Box 20 and chose Code Z. You don't need to enter any amount for Code Z.  Continue with the interview until you see "We see you have Section 199A information." Check the box that applies (usually the first option). On the page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income. Check any other boxes that appear on Statement A and enter the related amount. Continue back to the K-1 summary page. Run the federal review again to confirm the message has been resolved.    
I could not use the process suggested by the reply with my version of TurboTax.  Instead, I went from Step-by-step to Forms and altered the form entries to reflect my situation.  This then allowed me... See more...
I could not use the process suggested by the reply with my version of TurboTax.  Instead, I went from Step-by-step to Forms and altered the form entries to reflect my situation.  This then allowed me to complete all the error checks in TurboTax and file my taxes.
@mesquitebean 2025 is the first time we’ve filed jointly. He should be first I will check.