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DoninGA

Social Security Retirement/Disability/Survivors benefits are reported on a form SSA-1099 and the benefits received are to be entered on a federal tax return. The benefits may be taxable depending on ...

Social Security Retirement/Disability/Survivors benefits are reported on a form SSA-1099 and the benefits received are to be entered on a federal tax return. The benefits may be taxable depending on the amount of other income you have entered on your tax return. However, if the Social Security benefits is the Only income to be reported on the tax return and there is no federal income taxes being withheld, then there is no reason or need to file a tax return. Unless you also received a Form 1095-A for your health insurance through one of the State Marketplace Exchanges or from healthcare.gov then you must file a tax return. To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button Up to 85% of Social Security Retirement/Disability/Survivors benefits 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

mariepierre051995

need to print my gross income from 2024

RogerD1

No, stocks that were not sold but were distributed directly to beneficiaries do not need to be reported on a Form 1041. There is nothing taxable for stocks that were transferred directly to a benefi...

No, stocks that were not sold but were distributed directly to beneficiaries do not need to be reported on a Form 1041. There is nothing taxable for stocks that were transferred directly to a beneficiary. If the stocks were sold by the trustee/executor, then these sales would get reported on the Form 1041 and the gain (or loss) on the sale would get distributed to each beneficiary via a K-1 form. Do realize that any inherited stock has a basis value per share on the date of the decedent's passing.

ungmargaret

ThomasM125

That will happen if you indicate that you do not materially participate in the activity. You will see that questions on the screen that says Do You Actively Participate? to which you have to answer "...

That will happen if you indicate that you do not materially participate in the activity. You will see that questions on the screen that says Do You Actively Participate? to which you have to answer "yes" if that is true. You will see that question when you edit your Schedule K-1 entry. You may have answered the question wrong by mistake.

RobertB4444

I would not waste your or the IRS' time with an amendment for this. It does not change your tax return any at all and the IRS has a copy of the 1099R that you received as well. They will be able to...

I would not waste your or the IRS' time with an amendment for this. It does not change your tax return any at all and the IRS has a copy of the 1099R that you received as well. They will be able to tell that it was a rollover. Save the form in your tax file and forget about it.

lakechik

Any update on this? Ready to file and still broken unless I fake it out so that it comes out what I think is correctly. I have to tell it 'none' for Jan 2024 for it to not calculate the 'additional i...

Any update on this? Ready to file and still broken unless I fake it out so that it comes out what I think is correctly. I have to tell it 'none' for Jan 2024 for it to not calculate the 'additional income under the last-month rule) or update that calculated additional income from $346 to $0.

th0126

Gm yall!! I updated with all the codes EXCEPT the 846. My as of date changed from 2/23 to 3/2. Next Friday, I’m sure we will all have our DDD 😊

DoninGA

@pthompsonaz wrote: There is no menu Federal Taxes in TurboTax 2025 Are using the TurboTax online editions? If so, click on Federal>Other Tax Situations>Other Return Info>Identity Protect...

@pthompsonaz wrote: There is no menu Federal Taxes in TurboTax 2025 Are using the TurboTax online editions? If so, click on Federal>Other Tax Situations>Other Return Info>Identity Protection PIN Federal is on the left side of the online program screen.

drj311

@nortonkd I also have all updated transcripts now and mine also updated with 846 refund issue date of 3-2. I agree that’s so far out this year but at least we have updates! my state updated also to...

@nortonkd I also have all updated transcripts now and mine also updated with 846 refund issue date of 3-2. I agree that’s so far out this year but at least we have updates! my state updated also to still processing. It went from no info on file, to needs additional review now back to processing. Typical NY stalling lol.

tshock

I have the same issue, Schedule C has profit, but form 8829 is ignoring revenue and only showing COST which is not allowing the 500 of office expense to be used. Rev = 50k, cost is 10K, profit = 40...

I have the same issue, Schedule C has profit, but form 8829 is ignoring revenue and only showing COST which is not allowing the 500 of office expense to be used. Rev = 50k, cost is 10K, profit = 40K. Anyone able to fix this ?

timholt1092

I am trying to import my data but it says unsuccessful and to check my internet connection, but that is working fine. Any thoughts?

teresarob14

I have been trying to file my final 2025 Georgia State tax return for my c-corp using Turbo Tax Business. Although I have seen updates upon launch pertaining to Georgia, I still cannot file them and ...

I have been trying to file my final 2025 Georgia State tax return for my c-corp using Turbo Tax Business. Although I have seen updates upon launch pertaining to Georgia, I still cannot file them and get the message, "Tax Year 2025 transmissions are not available.. TurboTax Business is not ready to process Tax Year 2025 for this return." My return shows no errors and everything is ready to go. I just need the technology that I purchased to work so I can get this done.

pthompsonaz

There is no menu Federal Taxes in TurboTax 2025

CatinaT1

This article will help you download any data you had in ItsDeductible (if used previously or during the year before it was shut down in October). There will be a new tool that replaces ItsDeduc...

This article will help you download any data you had in ItsDeductible (if used previously or during the year before it was shut down in October). There will be a new tool that replaces ItsDeductible but we have no information on it.

kmarbitrage

Same situation here. We will see if it is actually ready by today. Maybe 5pm west coast time P:) Need this to finish my taxes guys.

puggyman92

I'm really hoping someone can help me here. I went through Turbo Tax , section on Education Credits, and it said I was eligible for the $2500 American Opportunity Education credit. I happened...

I'm really hoping someone can help me here. I went through Turbo Tax , section on Education Credits, and it said I was eligible for the $2500 American Opportunity Education credit. I happened to mention this to a couple of other people who asked if I paid tuition from a 529 plan ...which I did. They said I couldn't claim the credit since this was the case. I started doing research and it seems like there is a lot of confusion about this. I've spoken to several Turbo Tax experts and I can't get a straight answer either. My situation: Tuition paid from NC 529 and listed on my son's 1098-T: $13, 455 Scholarship on 1098-T: $250 Gross distribution on box 1 of the 1099-Q (in my son's name) : $13, 164 Earnings listed on box 2 of the 1099-Q : $4,501 Basis listed on the 1099-Q: $8,663 I've seen some articles that discuss similar scenarios, but there seems to be confusion as to whether , as a parent, I'm eligible to claim the credit because I paid all the tuition from the NC 529. Some folks are saying I should've paid some portion of the tuition "out-of-pocket". Even if I am eligible, how much can I claim?. I'm also baffled as to why Turbo Tax didn't catch this and ask for further details. There was a question about whether we used a 529 for an education loan. The answer is no because he didn't have a loan. North Carolina does not offer a tax break for 529 contributions, but does offer tax-free gains when used for qualified college expense. I've seen the calculations (including the IRS site) about possibly determining additional taxable income amounts when claiming the credit, but even if I go by those, I can't figure out where to list in Turbo Tax. I'm also not sure if that should be listed on my return or my son's return, since the 1098-T and 1099-Q are in his name. Any insight would be greatly appreciated. Thank you

JShere

As of Friday, 2/13, at 10:15AM, there is no change. Maybe they mean after 2/13. I'll check tomorrow. thanks to everyone who is hassling Turbo about this.

Gordonwayne

Your response was helpful. My problem was solved when I gained access to my Broker Account via a third person approval. Tks Gordon B

dancerfrog

There is no total for each fund unless you add each month. How do you calculate the US govt income otherwise?

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need my gross income 2024

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Does SSA-1099SM to be reported?

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end of 1099Div US Fed Source Income listed as a % of each individual fund's income. The income of each fund is monthly. Total for each fund and multiply to calculate?

Do you have a TurboTax Online account?

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