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yesterday
Hi Patricia, Thank you for your reply! We completed the interview, checked the boxes for properties that do not operate in Hawaii and entered zeros for the gross receipts for those properties. We ...
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Hi Patricia, Thank you for your reply! We completed the interview, checked the boxes for properties that do not operate in Hawaii and entered zeros for the gross receipts for those properties. We have a correct loss on Line 16 of our Hawaii N-15 ($36800). My question was about the carryover amount to the next year, which I thought was to be calculated on form 8582. I would think that if in 2025 we lost $36800 from our Hawaii properties, then next year we would be allowed to write off up to $36800 of the 2026 income. But Hawaii doesn't have it's own 8582, and Turbo Tax includes the federal 8582, which offsets the $36800 Hawaii losses with $22500 non-Hawaii income. Does it mean that we are losing the full carryover of $36800 and will only have $36800 minus $22500 = $14300 as a carryover loss for 2026?
yesterday
I contributed $7000 nondeducitble after-tax money in the 2024 Tax year to the Roth IRA. Contributed $7,000 nondeductible after-tax money in 2025 to Roth IRA and recharacterized to Traditional IRA (n...
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I contributed $7000 nondeducitble after-tax money in the 2024 Tax year to the Roth IRA. Contributed $7,000 nondeductible after-tax money in 2025 to Roth IRA and recharacterized to Traditional IRA (not eligible for Roth contribution) Contributed $7,500 nondeducitble after-tax money in 2026 to Traditional IRA. Converted 2025 and 2026 to a Backdoor Roth IRA. In the 2024 and 2025 Tax return, Form 8606 Line 1, 3, 14 are all showing $7,000. Both my 2024 and 2025 Tax return Form 8606 Line 2 says my basis is $0 is that correct? Do I need to amend my tax return? Should my basis be $7000 in 2025 Tax form (even if it was contributed to Roth IRA)? What is my basis for the 2025 Tax Return? (I lost money on my contributions before I performed a backdoor IRA conversion) What is my basis going forward for the 2026 Tax Return? All my traditional IRA is $0, and everything is in a Roth IRA.
yesterday
It sounds like you need to fix a reject, not amend your return.
The IRS uses your prior year AGI to combat fraud. Make sure you take into account the information below.
You can find your ...
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It sounds like you need to fix a reject, not amend your return.
The IRS uses your prior year AGI to combat fraud. Make sure you take into account the information below.
You can find your 2024 Adjusted Gross Income (AGI) by:
Looking at line 11 on page 1 of your 2024 Form 1040
Requesting a transcript of your 2024 tax return from the IRS. You can request your transcript online at the following link: Get Transcript
Please click on this TurboTax article for more information.
Check these items as well to ensure you have the correct number. If you:
Filed late last year after mid-November or your return was processed after that time—try entering 0.
Amended your return last year—make sure you’re using the AGI from your original return, not the amended one. (If you only have a 1040X form, it’s on line 1, column A).
Rounded your AGI to the nearest dollar—be sure to round up when it’s 50 cents or more and down when it’s 49 cents or less.
Filed with your spouse last year—you and your spouse have the same 2024 AGI. (Don’t split the AGI amount or enter 0 for one of you).
Time-saving Tip: If what you entered is correct and you continue to get a reject, you won't be able to e-file. There's probably a data mismatch at the government, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return.
This article will give you instruction on how to print and mail your return.
yesterday
Can you please provide more details? What screen are you on? What are you trying to do?
yesterday
Are you seeing this on TurboTax or the NY State website?
You will need to contact your state tax agency.
yesterday
How can I get onto to my tax return for this year?
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yesterday
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yesterday
And a random extension to file was added to my nys online account on 4/15. I didnt do this, and I filed on 3/1
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yesterday
1 Cheer
If you want to list multiple countries, do not choose VARIOUS. You can list each country individually from the list as long as you don't start with Various.
If you own shares in a mutual f...
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If you want to list multiple countries, do not choose VARIOUS. You can list each country individually from the list as long as you don't start with Various.
If you own shares in a mutual fund or a Regulated Investment Company (RIC), then you may simply identify the foreign country as "RIC" rather than identifying each individual country.
yesterday
@nataliagru1 You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue
Use this phone number and select TurboTax - 1-800-4-INTUIT (1-800-446-88...
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@nataliagru1 You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue
Use this phone number and select TurboTax - 1-800-4-INTUIT (1-800-446-8848)
yesterday
That is for your initial return on the Where's My Refund site, but for an amended return on the Where's My Amended Return site, it doesn't ask the amount.
yesterday
Yes code 971 refund trace 3/19
yesterday
This same thing happened to me. What I saw on my checkout screen was $115.00. I also didnt take a screen shot and woke up the next morning to inuit charging me $300.00+. I have been using turbotax fo...
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This same thing happened to me. What I saw on my checkout screen was $115.00. I also didnt take a screen shot and woke up the next morning to inuit charging me $300.00+. I have been using turbotax for over 10 years. If they do not rectify this I will never use their services again and post on reddit absolutely everywhere to warn consumers of their unethical practices. They are currently denying my request for a refund. Absolutely diabolical. I will continue to fight. But I encourage everyone and anyone reading this post DO NOT USE TURBOTAX THEY WILL CHARGE YOU WITHOUT YOUR CONSENT AND REFUSE TO REFUND YOU.
yesterday
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.
Your refund could be offset. The IRS and State Governments have the abil...
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Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.
Your refund could be offset. The IRS and State Governments have the ability to offset a refund to pay for certain past due debts. You generally will receive a letter stating what the offset was for. The IRS provides a toll-free number, (800) 304-3107, to call for information about tax offsets.
Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"?
Why do some refunds take longer than others?
What if my IRS refund is taking longer than 21 days?
yesterday
Missing 861
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yesterday
If he is a W-2 employee--no. W-2 employees cannot deduct job-related expenses on a federal tax return.
If he is an independent contractor, you can enter his license renewal on his Schedule C...
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If he is a W-2 employee--no. W-2 employees cannot deduct job-related expenses on a federal tax return.
If he is an independent contractor, you can enter his license renewal on his Schedule C with his other business expenses.
W-2 employees cannot deduct job-related expenses on a federal return. Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond. Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.
If you are preparing a return for a state that lets you deduct job-related expenses, the information will flow from your federal return to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses
yesterday
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yesterday
on mine it asked my refund amount after the my ssn and the tax year, it asks my exact refund amount to be able to check my refund status
yesterday
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yesterday
If your sons ONLY income is from his W-2, then his MAGI would be the same as his income in box 1 of the W-2.