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After entering pension information and asked about RMD distribution I put total amt (same as box 1a) and when asked if all of RMD applies for 2025 it removes total federal amt due goes to zero. Is thi... See more...
After entering pension information and asked about RMD distribution I put total amt (same as box 1a) and when asked if all of RMD applies for 2025 it removes total federal amt due goes to zero. Is this a software glihch? I compared form 5329 to last year and its the same.
  https://ttlc.intuit.com/community/choosing-a-product/help/how-do-i-switch-from-turbotax-online-to-the-turbotax-software/00/26129
The wages the university pays you are personal income and can't be reported on your business's Schedule C.    If they gave you a 1099-NEC, that would go on your Schedule C.
It could be.  Are you in the same account?  Desktop or online?  Was it definitely accepted and not rejected?  If you are using the same account or the same file on the desktop program and it is telli... See more...
It could be.  Are you in the same account?  Desktop or online?  Was it definitely accepted and not rejected?  If you are using the same account or the same file on the desktop program and it is telling you that you have to mail it, at this point you will need to mail your return and include the 1099R. 
A 1040 is the tax return form you prepare here to send to the IRS.   If you start entering data in this software you are preparing a Form 1040.   Please look at it so you will know what you are sendi... See more...
A 1040 is the tax return form you prepare here to send to the IRS.   If you start entering data in this software you are preparing a Form 1040.   Please look at it so you will know what you are sending to the IRS:   PREVIEW 1040   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
My Taxable Social Security benefits were changed by the IRS due to an error in the computation of the taxable amount. Everything shows what I entered is correct on TurboTax but the IRS is saying that ... See more...
My Taxable Social Security benefits were changed by the IRS due to an error in the computation of the taxable amount. Everything shows what I entered is correct on TurboTax but the IRS is saying that I owe.
To enter the accrued interest paid in TurboTax:   Open your TurboTax return Search for 1099-INT  and select the Jump to... link Enter your information for your Form 1099-INT In the qu... See more...
To enter the accrued interest paid in TurboTax:   Open your TurboTax return Search for 1099-INT  and select the Jump to... link Enter your information for your Form 1099-INT In the question of any of these uncommon situations apply, mark "I need to adjust the interest reported on my form" Enter the adjustment amount, which is the accrued interest, and select that your accrued interest is included on form 1099-INT  
I'm kinda pulling my hair out over this on the 2025 return.  I'm using the TT Desktop Premier version on a Windows PC if you need to know that.  My return is complete but I can't clear the error flag... See more...
I'm kinda pulling my hair out over this on the 2025 return.  I'm using the TT Desktop Premier version on a Windows PC if you need to know that.  My return is complete but I can't clear the error flag "Sch K-1 Wks-S Corporations:  Box 17 Code V has been selected but no Section 199A income has been entered on Statement A." on the one K-1 I have to input.  I've checked and re-checked both the printed K-1 from the company and what I've input.  I went back to the Wages & Income / I'll choose what I work on and stepped thru the whole thing to be sure I didn't inadvertently check to include box 20.  In fact, I don't even see that option. There is no Box 20 on the K-1 so that's not the problem.  There is no Schedule A included in the supporting package from the company.  There is a Schedule K-1, Box 17, Code V included in the support.  It shows values for Ordinary business income, W-2 wages, and Qualified Property.  I've entered all of those and the associated values in the supporting details screen for Box 17, Code V that's getting flagged.  Nothing I do seems to clear the flag on Code V.  Is it possible there's a problem with the software?  Is there anything else you can think of that I need to check?  If not, is there some other resource at Intuit I can tap to resolve?
Not allowing $3,000 loss
@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... See more...
@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. 
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... See more...
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 
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... See more...
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 
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... See more...
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".
No, there is no form for Medicaid.   When it asks if you have a 1095A, say NO and move on.
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... See more...
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.
Is there any form for Medicaid?
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.
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... See more...
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?