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March 18, 2026
2:31 PM
@user17681516237 wrote: I receive a W-2 for that income. They will not pay me directly to the LLC. How do I apply that as income to the LLC versus just to myself? You can't because you're a...
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@user17681516237 wrote: I receive a W-2 for that income. They will not pay me directly to the LLC. How do I apply that as income to the LLC versus just to myself? You can't because you're an employee of the university.
March 18, 2026
2:31 PM
Yes, you can use that website to file your extension. This allows you to file it without having to mail it to the IRS. You actually set up a TurboTax Online account, but you do not have to complete y...
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Yes, you can use that website to file your extension. This allows you to file it without having to mail it to the IRS. You actually set up a TurboTax Online account, but you do not have to complete your return there after your file the extension.
@scottbfreeman
March 18, 2026
2:31 PM
If you entered your 1095-A exactly as issued, TurboTax may be rounding up amounts as you enter each month. If all months are the same, enter one month and use the 'copy' link to fill in other months...
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If you entered your 1095-A exactly as issued, TurboTax may be rounding up amounts as you enter each month. If all months are the same, enter one month and use the 'copy' link to fill in other months. You can also take the annual total and divide by number of months you were covered to get a monthly amount that you can round up/down for entry.
Form 8962 calculates the PTC for you. Look at the Line 29 for the amount of excess PTC credit, which then transfers to Schedule 2, Line 1, and then to Line 23 on Form 1040.
@Beach44
March 18, 2026
2:31 PM
1 Cheer
Ah yes it can get frustrating and that double-click on state into the details would be great... Have you also tied out Schedule B income on 1040 Lines 2b/3b... My checklist of gotchas: Ha...
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Ah yes it can get frustrating and that double-click on state into the details would be great... Have you also tied out Schedule B income on 1040 Lines 2b/3b... My checklist of gotchas: Have you taken all the muni sources into account on 1099-INT (Box 3 less Box 12), 1099-DIV (US Gov Obligations $ amount of Box 1a that you provide), 1099-OID (Box 8 less Box 6). Accrued Market Discount (AMD) from Box 1f on 1099B on Treasuries will get adjusted from Schedule D to Schedule B but is not subtracted from state taxes in Turbotax. Bond premium adjustments (1099-INT Box 12 / 1099-OID Box 6) reduce the taxable Treasury income. Accrued interest adjustments on 1099-INT for individual bonds don't work if you have multiple income sources on the 1099 (i.e. Box 1/8 in addition to Box 3) it gets pro-rata'd across all the boxes, you have to split up the 1099. You may have the same issue with 1099-OID if you have any premium reported in Box 6 (or Box 10) and multiple types of OID in the same account (e.g. Munis and Treasury Strips). Some brokerages report state-exempt Agencies (e.g. FHLB) in Box 1 instead of Box 3. And make sure none of the 1099s in Federal return are showing "Needs Review".
March 18, 2026
2:31 PM
No, there is no form for Medicaid. When it asks if you have a 1095A, say NO and move on.
March 18, 2026
2:30 PM
Topics:
March 18, 2026
2:29 PM
In TurboTax Online, in the Indiana state income tax return, at the screen Take a look at Indiana credits and taxes, select the School Scholarship Credit.
School Scholarship Credit 849
A...
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In TurboTax Online, in the Indiana state income tax return, at the screen Take a look at Indiana credits and taxes, select the School Scholarship Credit.
School Scholarship Credit 849
A credit is available for donations to certain scholarship-granting organizations (SGOs). The amount of a taxpayer’s credit is equal to 50% of the amount of the contribution made to the SGO for a school scholarship program.
March 18, 2026
2:29 PM
Is there any form for Medicaid?
Topics:
March 18, 2026
2:29 PM
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
March 18, 2026
2:29 PM
This did not really answer my question. I am a health and wellness professional considering setting up an LLC. One of the services that I provide is to a university, but they pay me - as myself - a...
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This did not really answer my question. I am a health and wellness professional considering setting up an LLC. One of the services that I provide is to a university, but they pay me - as myself - and I receive a W-2 for that income. They will not pay me directly to the LLC. How do I apply that as income to the LLC versus just to myself?
March 18, 2026
2:29 PM
Add a day to make the program happy. It's probably a spot that didn't get updated. 2024 was a leap year with 366 days.
March 18, 2026
2:29 PM
1 Cheer
@sjabrams wrote:
Wow. What a way to discourage non-cash donations, if at least some of the point is to get a tax deduction. Since the IRS seems to consider "Clothing and household items" as a si...
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@sjabrams wrote:
Wow. What a way to discourage non-cash donations, if at least some of the point is to get a tax deduction. Since the IRS seems to consider "Clothing and household items" as a single type of property, I don't think I can take a deduction for the full value of what I donated. Getting these items appraised in the future probably won't be worth the cost and the hassle. Thanks for the info, though; better than having to deal with an audit.
It's written into the tax law by Congress. I suspect they are balancing the idea of deducting donations with the need to increase tax compliance by making sure that large donations are properly valued. These rules are available online or to ask a tax preparer, but you are certainly not the only person to make a large donation after the death of a loved one and not know about the appraisal rule.
March 18, 2026
2:29 PM
Under the IRS General Rule, your “expected return on contract” is the total amount you expect to receive over your lifetime from the pension. It’s calculated by multiplying your annual pension amount...
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Under the IRS General Rule, your “expected return on contract” is the total amount you expect to receive over your lifetime from the pension. It’s calculated by multiplying your annual pension amount × your IRS life expectancy factor.
For more information, see,
Publication 939
March 18, 2026
2:28 PM
Thanks for the reply. Is it correct that I can use the Easy Extension website, even though I am using the Desktop edition? Is it correct that the Desktop edition will ONLY allow me to file for an ...
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Thanks for the reply. Is it correct that I can use the Easy Extension website, even though I am using the Desktop edition? Is it correct that the Desktop edition will ONLY allow me to file for an extension by mailing a paper form? scott
March 18, 2026
2:28 PM
I found the answer to this problem (very frustrating). Go to the NYS worksheet. Right click on the trust name and click "override." You can then edit the name. Hope that helps.
March 18, 2026
2:26 PM
I did all that but it says I cannot file electronically. I need to add a 1099 R, is that the reason why it asks me to file by mail?
March 18, 2026
2:25 PM
TurboTax won’t let me enter state ID on federal carryover worksheet
March 18, 2026
2:25 PM
I recommend you file the return. Save a copy of your return as always. Then, go in all year long and move around numbers as your situation changes. The vouchers do not go to the IRS. They are not fil...
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I recommend you file the return. Save a copy of your return as always. Then, go in all year long and move around numbers as your situation changes. The vouchers do not go to the IRS. They are not filed with your tax return.
The IRS wants you to make payments online, they are trying to reduce paperwork received and handled along with protecting your information. A stolen check has become dangerous again.
This section of the program is just to help you determine your payment.
In the desktop, you can also use the What-if worksheet to see several scenarios at a glance. Copy column 1 to another column to start the process and change numbers.
March 18, 2026
2:24 PM
As I noted in my original message: A few pages are printed and printing stops with the following error printed: ERROR: undefined OFFENDING COMMAND: Sans STACK: /PSCSKF+*Microsoft /...
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As I noted in my original message: A few pages are printed and printing stops with the following error printed: ERROR: undefined OFFENDING COMMAND: Sans STACK: /PSCSKF+*Microsoft /FontName -savelevel-
March 18, 2026
2:24 PM
As a single member LLC owner, you can't issue yourself a W-2 - you pay Self-Employment tax on your income. If you elect S-corp status as a pass-through entity, you would pay yourself a salary, but ...
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As a single member LLC owner, you can't issue yourself a W-2 - you pay Self-Employment tax on your income. If you elect S-corp status as a pass-through entity, you would pay yourself a salary, but not as a self-employed LLC owner filing Schedule C. You can only be employed by a separate entity and if you file a schedule C, you and the business are the same entity.
You report all of your business income and all of your expenses on Schedule C. You pay tax on the net income. Any draws of cash you take are not business expenses so they don't get reported.
W-2 income you receive is not business income.