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yesterday
How can it be corrected?
yesterday
thanks for your reply! the previous tenant moved out, it took couple months to repair and rent out, that's why the income doubled, but the rental property depression should be same right, but turbota...
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thanks for your reply! the previous tenant moved out, it took couple months to repair and rent out, that's why the income doubled, but the rental property depression should be same right, but turbotax shows this year is much higher, do you know how can I fix it to show the same amount like last year for asset depression? thanks
yesterday
That was me in the other thread. 🙂 I had been searching around for threads detailing similar issues. For the people who visit this post in the future, I begrudgingly reset my entire return to solve ...
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That was me in the other thread. 🙂 I had been searching around for threads detailing similar issues. For the people who visit this post in the future, I begrudgingly reset my entire return to solve the issue. I would try Bill's advice about the HSA reset first. Unfortunately, it didn't work for me when I tried it a few days ago (I might have missed something). My advice: Take your time before entering values you don't thoroughly understand as you might not be able to change them later. Also, avoid entering "placeholder" values for info you do not have on hand. That's the trap I fell into.
yesterday
@Oldblue It should show up in the menu summary amounts as income $$ that you "entered" into the software But ....if you look at your actual form 1040, your line 5b $$ amount should be lower th...
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@Oldblue It should show up in the menu summary amounts as income $$ that you "entered" into the software But ....if you look at your actual form 1040, your line 5b $$ amount should be lower than line 5a, and the "rollover" box (5c) should be checked. IF those same $$ are included on line 5b, then perhaps you indicated it went into a ROTH IRA.....if you did xfer to a ROTH IRA.... then those $$ do become taxable.
yesterday
Can I combine the total winnings from multiple W2G's issued by the same casino on the same date if I do not have taxes withheld? I have over 100 W2G's to enter.
yesterday
So EXACTLY where in Turbotax Home & Business Desktop should I enter my Employer Contribution so that I will receive the tax benefit as provided by the IRS ?
yesterday
It appears that this is referring to line 6 on the MO-CR. Subtn meaning "subtraction".
The Missouri instructions (at the bottom of the form) say
"Line 6 - Enter the amount of your and your...
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It appears that this is referring to line 6 on the MO-CR. Subtn meaning "subtraction".
The Missouri instructions (at the bottom of the form) say
"Line 6 - Enter the amount of your and your spouse’s Missouri subtraction modifications derived from sources in the other state. This figure cannot exceed the Missouri subtraction modifications reported on your Form MO-A, Line 19. Example: If half of your capital gains and half of your agriculture disaster relief payments for the tax year included on Form MO-A were derived from sources in the other state, you would enter on Form MO-CR, Line 5 half of Form MO-A, Lines 16 and 18."
Is there a question for this in the Missouri interview? Or does this provide enough information for you? That is, can you figure out what number is supposed to be there and plug it in?
yesterday
The Maryland Activity Worksheets and Section 179 Worksheet seem to have adjusted properly, however the Smart Check is still showing the error.
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yesterday
Thank you so much for all the information! One more clarification: if I then report the "split" on the 2026 tax return next year, $1,450 being distribution code 2 and $3,550 being distribution co...
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Thank you so much for all the information! One more clarification: if I then report the "split" on the 2026 tax return next year, $1,450 being distribution code 2 and $3,550 being distribution code 6(?), isn't that technically incorrect given the withdrawal was made before April 15? Also, how do I convince Turbo Tax to add either amount back to taxable income? (given it was put in my HSA pre-tax, I now owe tax on it as regular income) Do I manually add it to the amount from W-2 Box 1?
yesterday
I don't see where I can select the new $6,000 senior deduction, where can I find this?
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yesterday
Hello, My husband retired from the Gov in 2016 and has employee contributions in Box 9b of his 1099-R. The issue is that since he retired, I’ve not done anything to “recover” that dollar amount ...
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Hello, My husband retired from the Gov in 2016 and has employee contributions in Box 9b of his 1099-R. The issue is that since he retired, I’ve not done anything to “recover” that dollar amount on our taxes because I didn’t know any better! Every year I’ve input all dollar amounts from all boxes on his 1099-R and under "Annuity Information" I've answered Yes to the question, "For the years you received these distributions, was the total amount shown in the form the amount you paid tax on?" It doesn't specify whether they are talking about Box 1 or Box 2a. Total amount taxable Yes - is the box I check Can I check NO and then use the Simplified Method to get moving on this to start recovering some of his contributions? Or have I already been getting recovery of them because I said Yes that I was using Box 2a as his taxable amount? I'm very confused on this. Box 1 minus Box 2a equals the yearly non-taxable portion of his contributions. Divide that by 12 months, and it does come out to his “allowed” monthly non-taxable amount from his OPM booklet. Can I just start recovering his contributions in 2025 without any tax consequences? As long as my mistake in not having the Simplified General Rule worksheet filled out in TT doesn’t negatively affect the IRS and what they should have received from us, we’re ok with not amending the last couple returns (he only gets $12.14/mo that is non-taxable). Thank you for any help you can provide!
yesterday
If I amend my return within 3 years because the 8606 wasn't originally included, does the $50 "8606 fine" apply, OR does the $50 fine apply to 8606s filed after 3 years have passed, OR does the fine ...
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If I amend my return within 3 years because the 8606 wasn't originally included, does the $50 "8606 fine" apply, OR does the $50 fine apply to 8606s filed after 3 years have passed, OR does the fine apply in both scenarios?
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yesterday
It does appear to be a stuck number issue. I was concerned I'd be chasing my tail with this one (and wasting both of our limited time), so just reset the tax return and re-entered everything (it ...
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It does appear to be a stuck number issue. I was concerned I'd be chasing my tail with this one (and wasting both of our limited time), so just reset the tax return and re-entered everything (it didn't take nearly as long since I had recently entered everything). It worked perfectly and now everything lists correctly. The app properly allowed me to enter contributions under my name. I would go through the interview process again to see if the contributions can be edited, but am too afraid to break things again. I really hope TT fixes this in the future as it wasted a lot of our time and I'm not the only one who encountered it. I appreciate all the help, especially on a Friday. I was about to jump ship to another tax service until you chimed in and started providing all of that support.
yesterday
State of VT
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yesterday
Thank you! Appreciate the quick respone.
yesterday
I tried calling the hotline since I couldn't verify online, but the call's backed up. How do I make sure my identification is verified?
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yesterday
If you did not claim an itemized expense for it in 2024, do not report it as income because you had no tax benefit. Even though you reported this on your Arizona return, the deduction only matters i...
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If you did not claim an itemized expense for it in 2024, do not report it as income because you had no tax benefit. Even though you reported this on your Arizona return, the deduction only matters if it actually reduced your taxable income, and it didn't.
Arizona medical deductions are tied to your federal itemized medical expenses. If you didn’t itemize federally, then your medical expenses did not flow through Schedule A,
yesterday
I have the same problem with TurboTax Deluxe Online. It appears that even though I did not enter any payments or withholding information for 2026, it used the withholding information from 2025 when ...
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I have the same problem with TurboTax Deluxe Online. It appears that even though I did not enter any payments or withholding information for 2026, it used the withholding information from 2025 when calculating 2026 estimated payments. This caused the vouchers for 2026 to be way too low to avoid penalties in 2026.
yesterday
Yes, for that part of the year that you were resident in Colorado. See line 31 on form 104PN.
It does not matter what state you were in when you took the distribution, only that you resided or ...
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Yes, for that part of the year that you were resident in Colorado. See line 31 on form 104PN.
It does not matter what state you were in when you took the distribution, only that you resided or had income in Colorado for at least part of the year.