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yesterday
Yes, that's correct. Say NO on the 1095a question about self-employed. For me I checked YES and it double reported it in medical insurance deductions. And I am writing this because it took me an hou...
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Yes, that's correct. Say NO on the 1095a question about self-employed. For me I checked YES and it double reported it in medical insurance deductions. And I am writing this because it took me an hour to figure out how to fix. And I didn't want to double report and get flagged. So...go to 1095-A in the turbo tax deduction menu. When asked: “Are you self-employed and bought a Marketplace plan?” Answer: no (because your LLC paid for it and its calculated on your K1 already). Because: Your deduction is already handled by K-1 Box 13M (double check this to make sure) You are not relying on the 1095-A for deduction report because your K-1 already has it there. You only need 1095-A for: premium tax credit. So go ahead and fill it out for the credit. It will still deduct the credit if you qualify.
yesterday
That screen give you the information of what is being purchased. What does it say?
yesterday
That fixed it. Thanks! But it is still a pretty serious issue. Why would I enter square footage of my home office, enter all of the associated information, and then have TT assume that my office ...
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That fixed it. Thanks! But it is still a pretty serious issue. Why would I enter square footage of my home office, enter all of the associated information, and then have TT assume that my office use is 0%. It makes no sense at all. But I appreciate your help in this matter!
yesterday
I followed all the step and I am able to do segregate depreciation; tried both SDA as well as 179; however somehow it is not flowing into my income and still showing as passive management
yesterday
when will it reflect. i need to make a payment plan
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yesterday
This question is important to your tax return if you made a contribution to the HSA during 2025. If no contributions were made for 2025, and you did not have HDHP coverage during the year, then it i...
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This question is important to your tax return if you made a contribution to the HSA during 2025. If no contributions were made for 2025, and you did not have HDHP coverage during the year, then it is fine to answer 'no' that you were not covered by a HDHP in 2025.
You can still keep the HSA regardless of being covered by HDHP and take distributions from the account to pay for medical expenses. You are just restricted from making any additional contributions unless you have HDHP coverage.
Also, if you did not take any distributions from the HSA for 2025, then there is no need to go through this section in your return each year. It is only necessary if contributions or distributions were made.
yesterday
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work ...
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To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button
On Federal estimated taxes for 2025 (Form 1040-ES), click the start button
Federal estimated taxes paid are entered on Form 1040 Line 26
yesterday
You can contact the IRS directly through the refunds page that @xmasbaby0 has provided. Another option that people often do on here is to log onto their IRS Online Account Transcript, and then ask th...
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You can contact the IRS directly through the refunds page that @xmasbaby0 has provided. Another option that people often do on here is to log onto their IRS Online Account Transcript, and then ask the Community for help interpreting the code numbers of their transactions (which represent the steps taken in the IRS processing). If you share some of that detail, we may be able to help shed some light on what the issue is, but you'll first need to get that information from your own IRS account online.
yesterday
Hi all, I want to make sure I report this correctly. In 2025, I discovered that I had excess Roth IRA contributions in prior years: 2021: contributed $12,000 (limit $6,000) 2023: contributed $13...
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Hi all, I want to make sure I report this correctly. In 2025, I discovered that I had excess Roth IRA contributions in prior years: 2021: contributed $12,000 (limit $6,000) 2023: contributed $13,000 (limit $6,500) 2024: contributed $14,000 (limit $7,000) I corrected everything in 2025: For 2021 and 2023, I removed the excess as soon as I realized the error, amended my returns, and already paid the 6% penalties and interest (these should be fully resolved). For 2024, I withdrew the excess plus earnings before the extended deadline (Oct 2025), so no 6% penalty applies. I have now received three 1099-R forms with the following codes: T 8J PJ My understanding: 8J → earnings from the 2024 correction, taxable in 2025 PJ → taxable in prior years (already handled via amendments) T → I’m not entirely sure; my understanding is that it indicates a general Roth distribution (likely not taxable, but I would like to confirm) My questions: Am I understanding this correctly? When entering the 1099-R forms, TurboTax asks: “Do any of these situations apply to you?” One option is: “I need to file a substitute 1099-R.” Should I check this? TurboTax also asks: “Did you roll over all of this $6,500.00 (Box 1) to another retirement account?” Since I removed the excess contributions, I selected: “I did something else.” Is that correct? And for the question: "What were your Roth IRA contributions prior to 2025?" should I add up all previous contributions (including excess ones?) It then asks: "Enter your excess Roth IRA contributions made in 2024 or prior years" Should I add up all excess contributions from 2024 and before? Or, given that I've already removed them all and paid all penalties, should I enter 0 instead? Is there anything else I should watch out for? Thank you so much! I just want to make sure I don’t accidentally misreport.
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yesterday
You cannot e-file an extension request using the TurboTax desktop editions. You can print and mail the Form 4868 using the desktop editions.
Click on Federal Taxes (Personal using Home & Busin...
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You cannot e-file an extension request using the TurboTax desktop editions. You can print and mail the Form 4868 using the desktop editions.
Click on Federal Taxes (Personal using Home & Business)
Click on Other Tax Situations
Under Other Tax Forms
On File an extension, click the start button
If you wanted to e-file the extension request you need to sign onto your TurboTax account.
See this for e-filing an extension - https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/file-irs-extension-form-4868-turbotax-online/L2rDBZJtx_US_en_US
yesterday
I have a 1098t. for my dependent daughter, in box 1 is $12,455 and in box5 is $16,314. She had $1,500 in books and supplies fees. What do I put in room and board fees in order to claim the AOTC cred...
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I have a 1098t. for my dependent daughter, in box 1 is $12,455 and in box5 is $16,314. She had $1,500 in books and supplies fees. What do I put in room and board fees in order to claim the AOTC credit. And just to clarify does she have to file a tax return for the taxable excess if its under the filing threshold?
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yesterday
TT is not a choice for box 12 on W2. How do I proceed
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yesterday
@smuir1120 And just to make sure....your AGI is NOT just your W-2 or job income..... Your AGI includes all sources of income, including things like 1099-INT, 1099-DIV, 1099-B, and distributi...
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@smuir1120 And just to make sure....your AGI is NOT just your W-2 or job income..... Your AGI includes all sources of income, including things like 1099-INT, 1099-DIV, 1099-B, and distributions form retirement accounts or IRAs. So $300 more from your job itself may not be everything that is included.
yesterday
Pre-paid taxes are entered in Turbotax where?
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yesterday
@user17753279329 wrote: This is exactly what Turbotax CSRs advise their callers to turn off in order to access their account. What gives? I think it works both ways sometimes, depending. We a...
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@user17753279329 wrote: This is exactly what Turbotax CSRs advise their callers to turn off in order to access their account. What gives? I think it works both ways sometimes, depending. We assume that thousands of people who use the same VPN provider are assigned the same IP while our ISPs have thousands and thousands of different IPs to assign to us. That does not appear to hold true in all instances. For example, my current ISP has assigned me an IP within a range of 256 IPs (i.e., not a whole lot). Thus, I been hit with what I think is more than my fair share of CAPTCHA challenges. Conversely, when I use a VPN, I almost never see one, so it's strange.
yesterday
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yesterday
There’s a$10,000 penalty exemption for early withdrawal from an IRA to buy your first home. Is that what you’re asking about?
yesterday
How do you get this fixed without getting charged for "Get Expert Help" ?
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yesterday
I think that is actually a bug (at least in the Desktop version on Mac). If you enter any business expenses, it will set your home office deduction to $0. Look at schedule C, line 30. That should...
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I think that is actually a bug (at least in the Desktop version on Mac). If you enter any business expenses, it will set your home office deduction to $0. Look at schedule C, line 30. That should contain your home office deduction. But if you add even a single dollar of business expenses, that value will be set to $0. If you look at form 8829, line 8 you will see the issue. It appears that instead of doing the calculation correctly (Gross Income + Schedule D gains - Total Expenses), it is somehow coming up with a situation where it merely subtracts your total expenses from 0. This gives you a negative value and since you cannot have a negative value in your home office deduction (it would become a credit in that case) it just clamps that value to 0. So basically what it is doing is removing your home office deduction from your income. Maybe this is the correct thing to do? But I highly doubt it. There is no way that Gross Income + Schedule D gains is going to be $0, but only if Total Expenses is $0. Something really buggy is going on here, and it could potentially be costing you (and me) hundreds of dollars (if not more). (I am no expert, so take this with a HUGE helping of salt. I have reported this as a potential bug so maybe we will see if things change) Here is my post where I show my debugging: https://ttlc.intuit.com/community/taxes/discussion/is-there-a-potentially-very-serious-bug-with-schedule-c-sub-form-8829-mac-desktop-it-has-a-broken/00/3870215