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32 seconds ago
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38 seconds ago
No. You should enter your W-2 exactly as you received it and then after you finish entering it under "Let's check for other situations" select Non Taxable Medicaid waiver payments that qualify as di...
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No. You should enter your W-2 exactly as you received it and then after you finish entering it under "Let's check for other situations" select Non Taxable Medicaid waiver payments that qualify as difficulty of care payments. Then on the next screen you can select some of it or all of it is difficulty of care payments and if not all of it, you will be able to enter the amount that is.
2m ago
When reviewing the State of IL form, a response (check box) for the following statement is required on the Illinois Expanded EITC Qualifications Questionnaire Smart Worksheet. "If you do not qual...
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When reviewing the State of IL form, a response (check box) for the following statement is required on the Illinois Expanded EITC Qualifications Questionnaire Smart Worksheet. "If you do not qualify for the federal EITC, but do qualify for the Illinois EITC, check this box and complete the Illinois Expanded EITC Worksheet below." The problem is that I do not qualify for either the Federal or Illinois EITC. So checking this box does not satisfy my tax situation and there is no other options to go past this part of the review. Yet, checking this box is REQUIRED to continue with E-File Review. It is just one check box, NOT a Yes/No question. IMPORTANT NOTE: This same question is also part of the IL EIC form, so again I can not honestly check this box to satisfy my tax situation as I don't qualify for either the FED or EITC. Also, knowingly providing a false statement by checking this box it will undoubtably invalidate the Turbo Tax "100% Accurate Calculations Guarantee" I experiencing this issue using Premier Desktop
3m ago
We’re currently working to resolve this issue. If you’d like to receive progress updates, visit the following TurboTax help article:
Why do I get "Something went wrong" screen when I try to add...
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We’re currently working to resolve this issue. If you’d like to receive progress updates, visit the following TurboTax help article:
Why do I get "Something went wrong" screen when I try to add Farm Income?
3m ago
Did you sell a right of way easement? Do you still own the land and still pay property taxes on the land? Or was there an actual sale of the land and the new owner pays the property taxes on the la...
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Did you sell a right of way easement? Do you still own the land and still pay property taxes on the land? Or was there an actual sale of the land and the new owner pays the property taxes on the land? IRS form 1099-S Proceeds from Real Estate Transactions may report: Your main home, A second home, A vacation home, Land, Residential rental property, or Real property recorded as a business asset. The tax treatment of each of these transactions differ. Sale of a second home, an inherited home or land are considered investment sales. In TurboTax Online Premier, follow these steps to report the sale: Click on the Search magnifying glass in the upper right hand corner of the screen and enter sale of second home. Click on the Jump to sale of second home link. Click on Add investments. At the screen Save time and connect your financial accounts, click on Enter a different way. At the screen How do you want to add your docs?, select Type it in myself. At the screen OK, let's start with one investment type, select Other and click Continue. At the screen Tell us more about this sale, enter the name. Click Continue. At the screen Now, enter one sale….., enter the information. Click Continue. At the screen Let us know if any of these situations apply to this sale, answer as appropriate. Click Continue. The entry will be reported: on Schedule D of the Federal 1040 tax return, and on line 7 of the Federal 1040 tax return. If you still own the land, the general treatment is that the payment is not income but reduces the basis in the land that you own. So, if you paid $10,000 for the land and received a right of way payment for $1,000, your new basis in the property is $9,000. You still have to deal with the 1099 that was reported to the IRS. Report the income, then immediately report a minus entry for the same amount. Reference both entries as 'right of way sold - basis adjustment'. Follow the steps below to report this income that is not reported as self-employment income. Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click the down arrow to the right of Less Common Income. Click to the right of Other miscellaneous income…. Click to the right of Other reportable income. At the screen Other Taxable Income enter the description of the income. Click Add another Miscellaneous income Item. View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets. The income will be listed on line 8z of the Schedule 1 Additional Income and Adjustments to Income and line 8 of the Federal 1040 tax return.
3m ago
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
5m ago
I continued to work for same company, just remotely. My employer continued to withhold RI taxes. TX has no state income tax. Why do I suddenly owe more money?
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5m ago
You can't attach the 1099-B to the return using TurboTax desktop. Online has that capability, but not the desktop program. You will have to print the statements as well as form 8453, and mail them....
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You can't attach the 1099-B to the return using TurboTax desktop. Online has that capability, but not the desktop program. You will have to print the statements as well as form 8453, and mail them.
Here's how to mail your statements after the tax return is filed if you are unable to attach a .pdf with summary transactions:
If you're e-filing your tax return, then mail your statements along with Form 8453 to:
Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254
6m ago
Yes, you need to separate the income and expenses to report them under each property. Use your own records, or ask the property manager for more details in order to know each property's income and e...
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Yes, you need to separate the income and expenses to report them under each property. Use your own records, or ask the property manager for more details in order to know each property's income and expense allocations.
You can enter the Form 1099-MISC under each property or skip entering it altogether.
If you enter it under each property on Schedule E, just change the amount of rent received to match your records for the rent received for each property. Or, if you want to skip entering the Form 1099-MISC details, just enter the rent amount from your records under each property as 'cash' or other income.
The important thing is that all of the income reported on the Form 1099-MISC is reported on your return, allocated to each individual property.
6m ago
Which state? What type of credit?
8m ago
In the Other Deduction section you will enter the Federally Declared Natural disaster expenses in the Casualties and Thefts spot.
The complete set of steps are as follows."
Federal
Ded...
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In the Other Deduction section you will enter the Federally Declared Natural disaster expenses in the Casualties and Thefts spot.
The complete set of steps are as follows."
Federal
Deductions and Credits
Show More next to Other Deductions
Start next to Casualties and Thefts
Enter the Description, Date and Property Type
When you select Personal property, you will need to select the special tax treatment.
When you click next you will need to enter the FEMA disaster code.
Continue through the entries
About Casualty Deduction for Federal Income Tax
8m ago
Did you sell a right of way easement? Do you still own the land and still pay property taxes on the land? Or was there an actual sale of the land and the new owner pays the property taxes on the la...
See more...
Did you sell a right of way easement? Do you still own the land and still pay property taxes on the land? Or was there an actual sale of the land and the new owner pays the property taxes on the land?
IRS form 1099-S Proceeds from Real Estate Transactions may report:
Your main home,
A second home,
A vacation home,
Land,
Residential rental property, or
Real property recorded as a business asset.
The tax treatment of each of these transactions differ. Sale of a second home, an inherited home or land are considered investment sales.
In TurboTax Online Premier, follow these steps to report the sale:
Click on the Search magnifying glass in the upper right hand corner of the screen and enter sale of second home.
Click on the Jump to sale of second home link.
Click on Add investments.
At the screen Save time and connect your financial accounts, click on Enter a different way.
At the screen How do you want to add your docs?, select Type it in myself.
At the screen OK, let's start with one investment type, select Other and click Continue.
At the screen Tell us more about this sale, enter the name. Click Continue.
At the screen Now, enter one sale….., enter the information. Click Continue.
At the screen Let us know if any of these situations apply to this sale, answer as appropriate. Click Continue.
The entry will be reported:
on Schedule D of the Federal 1040 tax return, and
on line 7 of the Federal 1040 tax return.
If you still own the land, the general treatment is that the payment is not income but reduces the basis in the land that you own. So, if you paid $10,000 for the land and received a right of way payment for $1,000, your new basis in the property is $9,000.
You still have to deal with the 1099 that was reported to the IRS. Report the income, then immediately report a minus entry for the same amount. Reference both entries as 'right of way sold - basis adjustment'.
Follow the steps below to report this income that is not reported as self-employment income.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click the down arrow to the right of Less Common Income.
Click to the right of Other miscellaneous income….
Click to the right of Other reportable income.
At the screen Other Taxable Income enter the description of the income.
Click Add another Miscellaneous income Item.
View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.
The income will be listed on line 8z of the Schedule 1 Additional Income and Adjustments to Income and line 8 of the Federal 1040 tax return.
8m ago
I received an email that my return was rejected. When I return to TurboTax Business, it does not show where an error might be. Now what?
Topics:
8m ago
@brooklynlear-cat said I got a scholarship for 3/4 of my tuition and I paid for 1/4, so the scholarship amount is greater than the amount paid.
That's usually the taxable amount of the scholarship...
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@brooklynlear-cat said I got a scholarship for 3/4 of my tuition and I paid for 1/4, so the scholarship amount is greater than the amount paid.
That's usually the taxable amount of the scholarship. What are the numbers in boxes 1 & 5 of the 1098-T?
Scholarships that pay for qualified educational expenses (QEE - tuition, fees, books and other course materials) is tax free. Scholarship amounts that exceed QEE is taxable income, on the student’s tax return. Room & board are not QEE.
If box 5 of the 1098-T exceeds box 1, TurboTax (TT) will treat the difference as taxable income, unless you enter additional QEE at books and other expenses.
Here's a post on the five main points on the 1098-T:
https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114
9m ago
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
When you sign onto your o...
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To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.
This will take you back to the 2025 online tax return.
10m ago
Topics:
10m ago
Yes, You can Clear and Start Over to remove data, provided you haven't paid or filed the tax return.
Sign into TurboTax.
You may have to bring up the additional options on the left sideb...
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Yes, You can Clear and Start Over to remove data, provided you haven't paid or filed the tax return.
Sign into TurboTax.
You may have to bring up the additional options on the left sidebar
On the center panel select Personal Info [Continue]
This will bring up additional options on the left sidebar.
On the left sidebar at the bottom
Select the Switch Products drop down arrow.
Click Clear and start over.
You can view the TurboTax Video How do I clear and start over?
10m ago
I have completed 2025 return but not yet filed. How do i make changes to this return
Topics:
11m ago
Es importante saber que su reembolso puede ser menor por diversas razones. Una de ellas podría ser que la cantidad de sus impuestos en la línea 16 de su Formulario 1040 es inferior a la del año pasad...
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Es importante saber que su reembolso puede ser menor por diversas razones. Una de ellas podría ser que la cantidad de sus impuestos en la línea 16 de su Formulario 1040 es inferior a la del año pasado.
Respecto al Crédito Tributario por Hijos (CTC) para su hijo de 2 años, el monto máximo es de $2,200. Sin embargo, la porción reembolsable tiene un límite de $1,700. Por lo tanto, si sus impuestos (línea 16) son $0, el máximo que recibirá del CTC es $1,700. Adicionalmente, debe tener al menos $2,500 de ingresos del trabajo para calificar para esa porción reembolsable de $1,700, también conocida como Crédito Tributario por Hijos Adicional (ACTC).
Si desea realizar una comparación con una situación diferente, le recomendamos crear otra cuenta de TurboTax utilizando los datos que quiera emular.
11m ago
This is the TurboTax US user community website. Go to this TurboTax Canada website for assistance with a Canadian tax return or the TurboTax Canada editions - https://turbotax.community.intuit.ca/t...
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This is the TurboTax US user community website. Go to this TurboTax Canada website for assistance with a Canadian tax return or the TurboTax Canada editions - https://turbotax.community.intuit.ca/turbotax-support/en-ca