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a month ago
I did not use on line version. I downloaded the program to my mac.
a month ago
First time reporting capital loss and can't seem to find how to report it
a month ago
Please use the link below to contact us regarding your questions.
How do I contact TurboTax?
a month ago
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You need to go to the Information menu and click on Partner/Member Information. Scroll through that section and you will come to a screen that says Partner Capital. There you can enter the numbers fo...
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You need to go to the Information menu and click on Partner/Member Information. Scroll through that section and you will come to a screen that says Partner Capital. There you can enter the numbers for the Partner's Capital Account Analysis
a month ago
@robmtk Yeah, My NC software used to have a similar issue for 1099-R forms with box 16 blank. Sometime in the past couple years, they reprogrammed the link to the NC software, to deal with it ...
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@robmtk Yeah, My NC software used to have a similar issue for 1099-R forms with box 16 blank. Sometime in the past couple years, they reprogrammed the link to the NC software, to deal with it automatically using the correct distribution amount for my 1099-R forms. Not sure it covered all cases, but it fixed mine. That NY issue is so common, the NY tax crew really needs to implement some similar NY box 16 programing to automatically correct the problem that is driving their residents & retirees crazy.
a month ago
Turbo Tax will not let me enter W-2 Info. Msg box says to go back and check previous section. I have already updated the turbo tax program
a month ago
TurboTax may think you have reached your limit of 5 e-filed returns. The limit may have been triggered by any rejected returns that were resubmitted, or multiple installations on different computers ...
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TurboTax may think you have reached your limit of 5 e-filed returns. The limit may have been triggered by any rejected returns that were resubmitted, or multiple installations on different computers can sometimes trigger this prematurely. An amended return may also count toward your e-file limit.
If you think this is in error, you can contact TurboTax Support using this link: Turbo Tax customer support
You can check this by reviewing your e-file history in TurboTax Desktop by going to File, Electronic Filing, Show Electronic Filing Status History to see which returns were counted as e-filed.
Additional returns may have to be printed and mailed, or you can purchase a new license. However, the IRS limits you to five e-filed returns per email address, user, and computer IP address. This limit is addressed in IRS Publication 1345.
Please return to Community if you have any additional information or questions and we would be happy to help.
a month ago
Try deleting him then re add him. That usually clears something out that’s stuck.
a month ago
What did you enter for the question prior to the The entire distribution applied to the December 31, 2025 RMD question.
It read:
Let's get more information about your Required Minimum Dist...
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What did you enter for the question prior to the The entire distribution applied to the December 31, 2025 RMD question.
It read:
Let's get more information about your Required Minimum Distribution (RMD).
If your XXXX account was subject to a Required Minimum Distribution (RMD), we need to know the amount that was required to be distributed by December 31, 2025 from this XXXX account.
Did you enter an amount greater or less than the amount in Box 1 of the 1099-R
a month ago
Sometimes it helps to just delete your dependent and start over by entering the dependent again. When you do that, go slowly and carefully through all the screens. Read every screen top to bottom....
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Sometimes it helps to just delete your dependent and start over by entering the dependent again. When you do that, go slowly and carefully through all the screens. Read every screen top to bottom. If he is a full-time student under the age of 24 then you should be getting the non-refundable $500 credit for other dependents on your tax return.
a month ago
No, si te dieron un bono lo tendrás que reportar aun si afecta la forma 1095-A. Es recomendable que incluyas cantidades como los bonos, cuando apliques al seguro de salud para que no hayan ajustes c...
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No, si te dieron un bono lo tendrás que reportar aun si afecta la forma 1095-A. Es recomendable que incluyas cantidades como los bonos, cuando apliques al seguro de salud para que no hayan ajustes cuando declares tus impuestos.
¿Qué es el Crédito Tributario de Prima?
a month ago
If you want to share more detail about what you expect to see on the K-1 and what you're seeing instead, you can post that in this thread and tag me @MelindaS1 and I or others in the Community can he...
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If you want to share more detail about what you expect to see on the K-1 and what you're seeing instead, you can post that in this thread and tag me @MelindaS1 and I or others in the Community can help you with your tax reporting here.
If you want to go live with an expert, there are options for that.
a month ago
Good afternoon. I need to get my activation code for 2024. I can't seem to find the email receipt that included the code. How to do I go about getting/finding that. Thanks.
Topics:
a month ago
That does not make sense to me. The form incorrectly calculates my 2025 LLC tax as $0 if I check final. That is incorrect and it is a bug in TT. The tax liability for 2025 when the business was still...
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That does not make sense to me. The form incorrectly calculates my 2025 LLC tax as $0 if I check final. That is incorrect and it is a bug in TT. The tax liability for 2025 when the business was still running is $800. This is also the amount that I have already paid for year 2025. So it should balance it out and show $0 balance. Nothing to pay, nothing to get as a refund. Per FTB documentation, I have to check Final Return or otherwise they may expect another $800 for year 2026 and so on, because I did not follow the correct process to shut down an LLC. Can this bug be addressed in TT please? Right now the only option I see is to print out the CA return, manually fix it, and send it by mail. Not great.
a month ago
did not miss anything in my info everything is accurate
a month ago
If you added income when you amended it is quite possible for you to owe tax due on that additional income. Pay the tax due by April 15, 2026.
a month ago
If the student is your dependent, has not claimed AOTC 4 times, no felony, etc and you paid $4,000 towards tuition, you should be able to claim the credit. Double check the 1098-T. If box 5 and box 1...
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If the student is your dependent, has not claimed AOTC 4 times, no felony, etc and you paid $4,000 towards tuition, you should be able to claim the credit. Double check the 1098-T. If box 5 and box 1 are the same or box 5 is bigger, then you didn't pay the tuition, the scholarship did. The only way for you to claim the credit is if the scholarship was not required to be used on tuition alone; but, could also be used on room and board.
In that case, you need for the program to understand you paid $4k of the education by moving the scholarship money to taxable income.
For example: Box 1 is $20,000 Box 5 is $20,000. No AOTC for you unless scholarship was allowed to be used on other expenses.
The easiest solution is:
Parent to enter Box 1 $4k Box 5 0.
Student return enter Box 1 actual amount minus $4k Box 5 enter full amount.
The 1098-T is an informational form, not a tax form. You should use it to enter correct tax information. This gives your student the correct taxable income. Your student may not be required to file a return and it may trigger the kiddie tax.
Reference:
What is the Kiddie Tax?
Do I Need to File a Tax Return?
@user17737503813
a month ago
If you have two W-2 forms with the same Employer Identification Number, and they withheld more than the maximum Social Security withholding ($10,918 for 2025), you should go to the employer and ask t...
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If you have two W-2 forms with the same Employer Identification Number, and they withheld more than the maximum Social Security withholding ($10,918 for 2025), you should go to the employer and ask them to issue you a corrected W-2 and refund the excess Social Security withholding back to you.
If the employer refuses to correct the W-2, you can claim a refund of the excess Social Security tax withheld on Form 843. This form is not supported by TurboTax and cannot be e-filed. It will need to be filled out manually and mailed to the IRS.
See Can I get a refund for excess Social Security Tax withheld? for more information.
a month ago
You will need to pay it. You can do this when you send in your amended return or by mail or on the state website afterwards. If you cannot afford to pay it, you may be able to request a payment pla...
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You will need to pay it. You can do this when you send in your amended return or by mail or on the state website afterwards. If you cannot afford to pay it, you may be able to request a payment plan with the state. Which state is it?
Basically this happens because you added income which increased your taxable income in turn causing your tax liability to increase. If your refund was say $2,500 without the 1099-B, but it is telling you, you owe $300, it just means your refund should have been $2,200 if you would have had the 1099-B included on the original return. You are simply having to pay back the excess amount that you received as a refund.
a month ago
".....numbers on the back of my if... " Please explain what you mean. What are you trying to do?