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Do I pay self employment taxes on capital gains?
@rflores511 wrote: is this a feature of TT online premium only.  dont see it in TT download premier.  thanks.  @rflores511    It's not clear what feature you are asking about. Here are... See more...
@rflores511 wrote: is this a feature of TT online premium only.  dont see it in TT download premier.  thanks.  @rflores511    It's not clear what feature you are asking about. Here are step by step instructions for TurboTax Download Premier. The steps will vary if you have already entered other investment sales.   Click the Federal Taxes tab. Click Wages & Income. Click I'll choose what I work on. Scroll down to Investment Income. Click Start or Update to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. Did you have investment income in 2025? - Click Yes. Click Add investments. At the screen "Let Us Enter Your Bank and Brokerage Tax Documents," at the very bottom of the screen click Skip Import. At the screen "OK, let's start with one investment type," select Stocks, Bonds, Mutual Funds. Click Continue. At the screen Which bank or brokerage is on your 1099-B, enter any name you like for the Bank or brokerage. (See my earlier reply above.) Click Continue. Do these sales include any employee stock, click No. Do you have more than three sales on your 1099-B, click No. Do these sales include any other types of investments, click No. Did you buy every investment listed on your 1099-B, click Yes. Click Continue. At the screen Now, choose how to enter your sales, select One by one. Click Continue. At the screen Look for your sales on your 1099-B, click Continue. At the screen "Now, enter one sale on your 1099-B," for the Sales section select "Short-term did not receive 1099-B form" or "Long-term did not receive 1099-B form" as appropriate. Enter the information about the sale. Click Continue. Repeat if necessary by clicking Add another sale. Click Continue.  
I closed the retail portion of my multi-member LLC business and am now just renting out the building.  I have created the new asset (building) in the Rental Real Estate section but I can't get TurboT... See more...
I closed the retail portion of my multi-member LLC business and am now just renting out the building.  I have created the new asset (building) in the Rental Real Estate section but I can't get TurboTax Business to stop the old depreciation of the building when it was being used for retail.  It is showing up as having double depreciation for this tax year.
what happened to Turbo Tax's section for valuating Fair Market Value of items donated to charities?
I have been unable to import information from my 2 Vanguard brokerage accounts.  At the beginning, I had no difficulty making the connection with Vanguard. Very quickly after the screen showed the do... See more...
I have been unable to import information from my 2 Vanguard brokerage accounts.  At the beginning, I had no difficulty making the connection with Vanguard. Very quickly after the screen showed the download in process, the transfer abruptly ended without adding any Vanguard data to TT.  Too, the name "Vanguard" did not appear in my successful imports.  I went through this process a half dozen times with the same problem. The next time I got this message:                                      Error Building Screen:/import/begin import   The same thing happened with attempts to import data from both Vanguard accounts. 
Yes. You should have a written log of your mileage. 
Probably not.  According to the IRS non-resident aliens are generally not required to file an FBAR (FinCEN Form 114) because it only applies to "U.S. persons". A U.S. person is defined as a citizen, ... See more...
Probably not.  According to the IRS non-resident aliens are generally not required to file an FBAR (FinCEN Form 114) because it only applies to "U.S. persons". A U.S. person is defined as a citizen, resident alien, or entity. Non-residents only need to file if they become a resident alien for tax purposes, such as passing the Substantial Presence Test.   Non-resident aliens (including those on F, J, M or Q visas) are generally exempt from FBAR filing.
The publication states that "each of you is entitled to credit for half of the income tax withheld on those wages." I feel like that means...NOT required, I can, but I don't have to.
i want to cancel the early refund fee
When I take my RMD in December, I with hold enough taxes to cover 110% of what I owed the prior year.  This is safe harbor when you AGI is over $150K. Turbotax does not take that into account, and ca... See more...
When I take my RMD in December, I with hold enough taxes to cover 110% of what I owed the prior year.  This is safe harbor when you AGI is over $150K. Turbotax does not take that into account, and calculates a penalty. Two complaints. First the dialogue has been simplified so it automatically generates the penalty. Second, safe harbor is safe harbor. There are no exceptions.  The only recourse is to fill Form 2210 and let the IRS waive the penalty, 
North Carolina's Tag & Tax Together program requires you to pay the ad valorem (property) tax and the registration fee at the same time.  The registration fee is $38.75 and is not tax deductible.  Th... See more...
North Carolina's Tag & Tax Together program requires you to pay the ad valorem (property) tax and the registration fee at the same time.  The registration fee is $38.75 and is not tax deductible.  The property tax assessed by the county and based on the vehicle's value is deductible as an itemized deduction on your federal tax return.  The Highway Use Tax (HUT)  which is assessed whenever vehicle registration is transferred is not deductible as it is not an annual tax based on the vehicle value.   I don't know why N.C is not included in the list of states in TurboTax. 
I've tried deleting and re-adding my 1099-R for the Traditional to Roth conversion to see if it will then populate but it didn't. I wasn't sure if this was something that should populate or only get... See more...
I've tried deleting and re-adding my 1099-R for the Traditional to Roth conversion to see if it will then populate but it didn't. I wasn't sure if this was something that should populate or only gets populated when you take a distribution? Do you not need to report your basis on the 8606 every year when you do a backdoor to Roth?
I asked Turbo Tax AI how to solve it, and it recommended me to contact my employer to generate W-2c form to remove the sperm buying expense from box 12 code T. My employer refused as "When a surroga... See more...
I asked Turbo Tax AI how to solve it, and it recommended me to contact my employer to generate W-2c form to remove the sperm buying expense from box 12 code T. My employer refused as "When a surrogate is not being utilized the cost related to the purchase of any donor tissue: egg, sperm, and embryo would fall under the Adoption Assistance benefit. Some of the reimbursements from the Adoption Assistance benefit may be exempt from federal income tax under the IRS Adoption Credit (IRS Tax Topic No. 607). Form 8839 is used to determine what may be taxable or nontaxable. Due to the complexities of tax law we are not able to advise on how you should file." So how can I deal with this situation? My Turbo Tax automatically generated 8839 because the W2 box 12 code T with the amount of expenses. But I don't have any adopted child's name to fill since it is only sperm buying. So that form 8839 is with everything empty but only with the 9 adoption assistance filled. But if I go back to check for federal items and the federal review again, it will show me error because no details for adopted child....  
I'm being charged for filing under business when I was filing my taxes for basic
Remember that the IRS already has copies of all your 1099's.  You can enter a Category Summary Total (which is what we did before import became available).   @brent88 
HOW CAN I E-FILE STATE AFTER ALREADY E-FILING FEDERAL https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/e-file-state-already-filed-federal/L1utGncEc_US_en_US?uid=m7xgrjec
The tax return itself will not show why your e-file was rejected.   When it was rejected last year, you received an email with a rejection code or rejection message.  Most rejections are for AGI.   A... See more...
The tax return itself will not show why your e-file was rejected.   When it was rejected last year, you received an email with a rejection code or rejection message.  Most rejections are for AGI.   AGI is only needed to e-file.   You cannot e-file a 2024 return now.  The only way to file it is by mail, so you do not need AGI.   Print it, sign and date it in ink, and mail it in.    You will be able to access the 2024 return you started by using the exact same account and user ID that you used when you started it.   But you can no longer use online software for any further changes.       Start a 2025  return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   Online tax preparation and e-filing for 2024  returns is now permanently closed.    Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2024 return, you now have to complete it using desktop software, which you must download to a full PC or Mac  (not to a mobile device).Then you need to print, sign and mail it.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe   If you already paid for your online software you can ask customer support for a download of the desktop software.   They are available from 5 a.m. to 9 p.m. Pacific time   https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number     If you are getting a refund, there is no penalty for filing late.  If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe.  Only the IRS will calculate this—TurboTax will not calculate it.     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 UPS or 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.  
If your Dependent Care FSA (Box 10) funds have been added to your taxable income it is because you have not properly enter qualified care expenses equal to or greater than the amount contributed.  To... See more...
If your Dependent Care FSA (Box 10) funds have been added to your taxable income it is because you have not properly enter qualified care expenses equal to or greater than the amount contributed.  To correct this, you have to complete the "Child and Dependent Care Credit" section and document that the funds were spent on eligible dependent care.  To do so in TurboTax:   While logged in to your return, go to Federal Select "Deductions & Credits"  Scroll down to "Child and Dependent Care Credit". List your childcare provider(s) and the total amount paid. You will need the Name, Address, and Tax ID # for your child care provider(s).   You might also be eligible for an additional credit, depending on the amount you paid for dependent care.   For more information see this TurboTax Article:  The Ins and Outs of the Child and Dependent Care Credit