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yesterday
I might suggest clarifying this. If you are submitting specifically for a circuit panel credit, then yes, you would have to provide a QMID (which you won't get because no companies have them yet). Bu...
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I might suggest clarifying this. If you are submitting specifically for a circuit panel credit, then yes, you would have to provide a QMID (which you won't get because no companies have them yet). But, if you are submitting only for a heat pump, the TurboTax form requires that you fill in the QMID for a circuit panel even if you aren't submitting for that credit. In the paper form, you could simply skip over that section.
yesterday
@DaveF1006 Hooray, thank you! @DawnC stated earlier in this thread that we wouldn't be able to efile.
yesterday
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To be a QCD, your wife is required to have been age 70½ or over at the time of the distribution. If your wife was under age 70½, the contribution is not permitted to be excluded from AGI and can onl...
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To be a QCD, your wife is required to have been age 70½ or over at the time of the distribution. If your wife was under age 70½, the contribution is not permitted to be excluded from AGI and can only be claimed on Schedule A. If TurboTax does not offer the option to report this as a QCD, either the distribution was not reported as being from an IRA (IRA/SEP/SIMPLE box was not marked on the Form 1099-R) or your wife's date of birth entered into 2025 TurboTax is after June 30, 1955, indicating that she could not have reached age 70½ by the end of the year.
yesterday
@justinj2000 Sorry, I meant 1098-T, not 1098-Q. And follow-up: I deleted the 1098-T after I initially added it, and still no errors - good news! The bad news, it still shows the dependent student ...
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@justinj2000 Sorry, I meant 1098-T, not 1098-Q. And follow-up: I deleted the 1098-T after I initially added it, and still no errors - good news! The bad news, it still shows the dependent student as both college & high school, even though all my entries state high school only. Ugh!
yesterday
Gambling losses are not deductible unless you have gambling winnings you are reporting. Then they are only deductible up to your winnings. If you had gambling winnings, you can report them by selec...
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Gambling losses are not deductible unless you have gambling winnings you are reporting. Then they are only deductible up to your winnings. If you had gambling winnings, you can report them by selecting the following:
Federal
Income
Prizes, Awards, and Gambling Winnings under Less Common Income
For 2025, car loan interest deduction is capped at $10,000. This is an above the line deduction, not a credit meaning it will lower your AGI and taxable income. It will not be an amount that is refunded to you, but it could result in a refund by lowering your taxable income. Since you have $0 income, you would not be able to claim this deduction.
If your only income in 2023 was as an employee with a W-2 where you earned $800, you would likely not need to file a tax return for 2023, unless they withheld taxes and you are filing to get a refund of the money they withheld and/or possibly claim the Earned Income Tax Credit. If you are filing for a refund, then you have up to 3 years from the time the return was due to file to claim the refund. So, for 2023 tax year, you would have until April of 2027 to file the return to claim the refund. You can file that return by downloading TurboTax 2023.
yesterday
Does your 1099-R have an amount in box 16 - State Distribution? If you have an amount on line 14 of your 1099-R you must enter an amount for line 16 that is at least as much as line 14. If line 16 ...
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Does your 1099-R have an amount in box 16 - State Distribution? If you have an amount on line 14 of your 1099-R you must enter an amount for line 16 that is at least as much as line 14. If line 16 is blank, then enter the amount on line 1, unless there is an amount on line 2a, in which case use the 2a amount.
yesterday
You can delete it. Make sure you delete the correct one.
How to delete forms in TurboTax Online
How to delete forms in TurboTax Desktop
yesterday
One income item on state tax return was brought forward from federal return and used on two different lines on state return, thereby doubling my income and doubling the tax due. Thanks.
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yesterday
One income item on state tax return was brought forward from federal return and used on two different lines on state return, thereby doubling my income and doubling the tax due. Thanks.
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yesterday
Select Multiple States. When you click on a link in TurboTax Desktop, a new TurboTax window (not an internet browser) should pop up - On Demand Tax Guidance with the following:
The dividends/...
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Select Multiple States. When you click on a link in TurboTax Desktop, a new TurboTax window (not an internet browser) should pop up - On Demand Tax Guidance with the following:
The dividends/interest reported here won't be taxed on your federal return. However, most states tax dividends/interest paid by another state.
You can find the state on more detailed documents (like supplemental forms) from your financial institution/dividend payer. Contact them if it's not on your forms.
You can select Multiple States from the dropdown if you:
Live in a state with no income tax (AK, FL, NV, SD, TN, TX, WA, WY)
Live where exempt-interest dividends from other states aren't taxed (DC, IN)
Have only a small amount of exempt-interest dividends and aren't concerned with extra state tax
Your state will tax these dividends or interest if you don't live in an area listed above
yesterday
What kind of 1099? If it's a 1099NEC for self employment income you don't need to enter the 1099NEC but you can report your income as Cash or General from your own records.
yesterday
I sold a mutual fund from an IRA that I have had for years, didn't withdraw anything, opened a Roth with the same institution, and transferred the cash to the Roth Account which consisted of differe...
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I sold a mutual fund from an IRA that I have had for years, didn't withdraw anything, opened a Roth with the same institution, and transferred the cash to the Roth Account which consisted of different funds. A wash sale was triggered for part of my loss.
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yesterday
I have proof of payment to Turbo tax
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yesterday
It has a figure in that line and I can't get rid of it.
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yesterday
I do not have my 1099 form and can’t get it . I know down to the cent how much I made from the company . How do I report without proper form ?
yesterday
Yes, if you owe past-due child support, your entire refund can be withheld through the Treasury Offset Program, even if you claim dependents.
However, if part of the refund belongs to your spou...
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Yes, if you owe past-due child support, your entire refund can be withheld through the Treasury Offset Program, even if you claim dependents.
However, if part of the refund belongs to your spouse, you can file Form 8379 (Injured Spouse Allocation) to have her portion refunded to her.
yesterday
I've also been having this problem on TurboTax Desktop. I try to log in to Morgan Stanley at Work, but it doesn't accept my login credentials. Does TurboTax allow imports from Shareworks or not?
yesterday
Para poderte ayudar mejor, ¿podrías clarificar y darnos más información sobre en qué necesitas ayuda?
yesterday
Para poderte ayudar mejor, ¿podrías clarificar y darnos más información sobre en qué necesitas ayuda?
yesterday
He must have turned 73. Now he has a RMD requirement for all his IRA and 401k accounts. For a pension, it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will a...
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He must have turned 73. Now he has a RMD requirement for all his IRA and 401k accounts. For a pension, it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.