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az148

oh the software automatically adds that in?

DoninGA

The retirement income exclusion for nonresidents is prorated based on the ratio of Georgia-source retirement income to their total retirement income (as if they were a Georgia resident for the entire...

The retirement income exclusion for nonresidents is prorated based on the ratio of Georgia-source retirement income to their total retirement income (as if they were a Georgia resident for the entire year). This means that the amount of the exclusion they can claim is reduced proportionally based on the amount of their retirement income that is considered to be from Georgia sources.

runamuckretreat

I read in another post that gifting the car only needs to be reported if it's value is over a certain amount. How do I go about figuring out the current value, and will I need to provide any document...

I read in another post that gifting the car only needs to be reported if it's value is over a certain amount. How do I go about figuring out the current value, and will I need to provide any documentation to the IRS to show the value?

VolvoGirl

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches: Married Filing Jointly: $32,000 Single or head of household: $25,000 Married Filing ...

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches: Married Filing Jointly: $32,000 Single or head of household: $25,000 Married Filing Separately: 0 So if you have a high income you can add 85% of Social Security to your other income to help estimate.

kat2015-

How can I calculate 2025 federal income tax if I start recieving social secuity?

Kh52

My question is: Does a non-resident qualify for the retirement exclusion if the only income attributable to George is a partner’s distributive share of rental income? In 2024, we acquired a partners...

My question is: Does a non-resident qualify for the retirement exclusion if the only income attributable to George is a partner’s distributive share of rental income? In 2024, we acquired a partnership interest, and the partnership reported our distributive share of Georgia-apportioned and allocated income on the Federal Schedule K-1. I have read Georgia’s tax return instructions for part-year and non-residents, and I am still unclear about them. We are retired in Nevada. Are we eligible to include this exclusion adjustment on the Georgia state return?

rjs

The penalty on Form 1040 line 38 is included in the amount you owe on line 37. That is what the IRS instructions say to do. Line 37 is the total tax on line 24 minus the total payments on line 33...

The penalty on Form 1040 line 38 is included in the amount you owe on line 37. That is what the IRS instructions say to do. Line 37 is the total tax on line 24 minus the total payments on line 33 plus the penalty on line 38.

az148

Confused because Line 37 is the Amount Owed and Line 38 is the Estimated Tax Penalty, which means it's not added to the Total Amount Due? The IRS only charged me Line 37

xmasbaby0

No one in the user forum can resolve a billing issue. If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help. Do not use the word ...

No one in the user forum can resolve a billing issue. If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help. Do not use the word “refund.” https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh

ilenearg

Is it possible to deduct remaining carryforward Qualified Business Income Deductions (QBID) after disposition of the business/activity? If so, how/where would I do that in the program? My income...

Is it possible to deduct remaining carryforward Qualified Business Income Deductions (QBID) after disposition of the business/activity? If so, how/where would I do that in the program? My income has become a combo of wages, retirement/pension, interest/dividend income, and a small amount of Limited Partnership income that is passive and reported on K-1. I have a SIGNIFICANT (to me) amount of QBID carrying forward to next year. At 20% of 23% limit against QBI, it likely will NEVER get used up with the K-1 income. I DO have rental property income also (sole owner) - does the QBID apply to that (again, would still take a lifetime to cut into the balance). Is there anyway to deduct that carryforward QBID from my non-biz income, or do I just lose those carryforward deductions unless I get involved in another business/partnership?

flyday2022

Hello! I have a question about From 3520. My parents are non-resident alien individuals and sent gifts to my child's 529 college saving account (account beneficiary is my child) this year. My fat...

Hello! I have a question about From 3520. My parents are non-resident alien individuals and sent gifts to my child's 529 college saving account (account beneficiary is my child) this year. My father gifted 50K and my mother gifted 60K to the 529 account, which adds to 110k. The gifts are sent with multiple checks across several months, each check amount ranges between 3k to 25k. I understand I need to file form 3520 Part IV on behalf of my child for year 2025. The part IV in 3520 have 3 rows of space, I plan to fill the form like below: For row 1, Description of property received: Gift from grandfather to the 529 college saving account, total 50K; For row 2, Description of property received: Gift from grandmother to the 529 college saving account, total 60K. Please advise if this is ok to put the total amount from each person like this? Or do i have to list every single check in different rows, even if checks are from same person? If it is ok to put the total amount from each person in one row, what is the Date of gift I may put in? Will it be the the first check receive date or the last check receive date? Thanks!

SteamTrain

@nirbhee ________________ Added Later: Oh Yeah! And the 0.0398 on line 13 is not the tax, it is the multiplier for the income amount on line 12b to produce your NC-taxable amount on line 14. ...

@nirbhee ________________ Added Later: Oh Yeah! And the 0.0398 on line 13 is not the tax, it is the multiplier for the income amount on line 12b to produce your NC-taxable amount on line 14. Then the proper 4.5% tax is applied to line 14 to yield your line 15 tax. _________________ 1) Tax rate for 2024 is 4.5% (0.045), so $504 is correct. Tax Rate Schedules | NCDOR 2) The standard deduction (or "itemized" if applicable) is applied to your total income ....all before calculating the sub-amount that you will end up being taxed as a non-resident. Note to #2: Many states handle non-resident deductions & taxation in a similar way. That way, a non-resident person with very low total income will owe nothing if the Std Ded eliminates it all...but a non-resident person with a high total income will pay some NC tax on even low amounts of NC non-resident income.

ydarb213

I have just received a $5 credit only listed as "TurboTax" on my credit card statement. I do not have any subscriptions nor does it show in my transaction history on my TurboTax account. Just wonderi...

I have just received a $5 credit only listed as "TurboTax" on my credit card statement. I do not have any subscriptions nor does it show in my transaction history on my TurboTax account. Just wondering where this originated. I used TurboTax online back in March like I always do to file my taxes but that was the last use of TurboTax or intuit products. Thank you

xmasbaby0

TurboTax gets no information after you file your original or your amended tax return, so no one at TT knows what the IRS is doing with your refund. Only the IRS can tell you. You can watch for...

TurboTax gets no information after you file your original or your amended tax return, so no one at TT knows what the IRS is doing with your refund. Only the IRS can tell you. You can watch for information here: https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1 Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line. So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead. Then press 1 for "form, tax history, or payment". Then press 3 "for all other questions." Then press 2 "for all other questions." - When it asks you to enter your SSN or EIN to access your account information, don't enter anything. - After it asks twice, you will get another menu. Press 2 for personal or individual tax questions. Then press 3 for all other inquiries It should then transfer you to an agent.

randob

Yeah, I guess that would make too much sense for Intuit. "Let's develop a whole new calculator so we can sell more TurboTax. Forget about those who've already bought TurboTax 2024."

astan2450

I submitted my amended return and got acknowledgement of my refund on April 18 2025. later got a notice that my refund check was returned....however I selected direct deposit so the returned check i...

I submitted my amended return and got acknowledgement of my refund on April 18 2025. later got a notice that my refund check was returned....however I selected direct deposit so the returned check is incorrect. however trhe IRS letter June 18 stated that in addition to the returned check item that my return was on research. I cannot get an answer as to why this happened or where my refund is, when I put into on the IRS site it confirms approval of the return but fails on the refund amount I entered. How can I get this resolved.

vithalanin

Legal fees and expenses incurred by you on your son's behalf cannot be expensed. They become part of the acquisition cost and will go towards the basis of the property. So if you paid these costs bef...

Legal fees and expenses incurred by you on your son's behalf cannot be expensed. They become part of the acquisition cost and will go towards the basis of the property. So if you paid these costs before renting out the property then they will become part of the property basis and depreciated over 30 years as they are related to a foreign rental. If you paid them while renting out the property, then you will enter them as an asset in the year incurred and then depreciate them over 30 years.

hardman

does the crypto gain go to line 18 of schedule D?

xmasbaby0

Do not "expect" that. It is highly unlikely that the 2024 software will be rewritten for the newly passed tax laws. Instead, use some of the other available tools and information to estimate your ...

Do not "expect" that. It is highly unlikely that the 2024 software will be rewritten for the newly passed tax laws. Instead, use some of the other available tools and information to estimate your 2025 tax. TAX REFORM CALCULATOR https://blog.turbotax.intuit.com/tax-reform/tax-reform-calculator-120487/ The 2025 software will become available -- as usual -- in mid to late November and will require many updates.

hardman

how do I know it is small business stocks? any example, like proshare's uco?

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Re: Does turbo tax automatically add underpayment penalties to my amount due? Or we are supposed to make a separate manual payment?

Re: Does the Georgia Retirement Income Exclusion apply to Non-Residents?

Gifting a car to my daughter?

Re: I can I calculate 2025 FIT including social security income?

I can I calculate 2025 FIT including social security income?

Does the Georgia Retirement Income Exclusion apply to Non-Residents?

Re: Does turbo tax automatically add underpayment penalties to my amount due? Or we are supposed to make a separate manual payment?

Does turbo tax automatically add underpayment penalties to my amount due? Or we are supposed to make a separate manual payment?

Re: Received a credit.

Remaining QBID (Carryforward)

Gift from Foreign Persons. Form 3520

Re: NC D-400 tax is not NC Taxable income x taxable percentage

Received a credit.

Re: delayed amended refund

Re: One Big Beautiful Bill Act tax changes

delayed amended refund

Re: Foreign Real Estate

Re: Is there a way to enter something from Schedule D Line 18?

Re: One Big Beautiful Bill Act tax changes

Re: Is there a way to enter something from Schedule D Line 18?

Do you have a TurboTax Online account?

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