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yesterday
The TT interview starts with the Federal return and wages from your W2 are entered during that interview along with the total amount of OT not to be taxed. TT then transfers W2 info to TT California ...
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The TT interview starts with the Federal return and wages from your W2 are entered during that interview along with the total amount of OT not to be taxed. TT then transfers W2 info to TT California state return. On Federal Form 1040 total amount of the OT deduction can easily be double checked on Line 13B. It shows the overtime amount not taxed. However, on the California return there is no such line. Correct? If so, how can I double check the total deduction? Thank you.
yesterday
In forms mode, bring up the f1116 worksheet. At the top of the left pane, click on the red error button. A box will appear at the bottom of the right pane with a description and the cell causing the ...
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In forms mode, bring up the f1116 worksheet. At the top of the left pane, click on the red error button. A box will appear at the bottom of the right pane with a description and the cell causing the error will be red.
yesterday
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yesterday
In TurboTax Online, enter the estimated tax payments as follows:
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Deductions and credits.
...
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In TurboTax Online, enter the estimated tax payments as follows:
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Deductions and credits.
Click the down arrow to the right of Estimates and Other Taxes Paid.
Click to the right of Estimated Tax Payments.
Choose which estimated tax payment needs to be reported.
yesterday
IRS assumes your income and any withholding is even throughout the year (literally total divided by 4), and any estimated tax needed to meet the "safe harbor" (100/110% of prior year tax or 90% of cu...
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IRS assumes your income and any withholding is even throughout the year (literally total divided by 4), and any estimated tax needed to meet the "safe harbor" (100/110% of prior year tax or 90% of current year tax) also needs to be paid "timely" which usually means quarterly. If you only paid 2 of those ES payments you will likely be underpaid on the 2 other quarters. If you are on desktop you can see Form 2210 in Forms mode (double click on Form 1040 thru Line 38 and again in the 1040 worksheet, or use Open Form) to show the quarterly underpayment (not sure equivalent for TT Online as Form 2210 is not filed by default unless you have an exception condition). Depending the actual timing of your income and when you paid the ES you may be able to reduce the penalty with the AI method, but it involves a lot of additional calculations to detmerine your AGI, withholding, qualified divs, LTCG by quarter. The AI method is helpful if your income was uneven towards the end of the year (e.g. Q4 Roth conversion) and your ES payments were also late to show IRS how they line up. But if your income was generally even then the AI method won't solve for ES payments that were simply missing or late.
yesterday
how to manually add to the form 8949
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yesterday
If you used TurboTax Online Premium to file your original income tax return, then you would log in to that account and select Amend a return that was filed and accepted.
If your return has bee...
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If you used TurboTax Online Premium to file your original income tax return, then you would log in to that account and select Amend a return that was filed and accepted.
If your return has been transmitted and accepted by the IRS, you will have to amend your Federal 1040 tax return.
See also this TurboTax Help.
yesterday
Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes Wages and Income Then scroll down to Retirement Plans and Social Security Then the second line - Social Security (SSA-1099. RRB-10...
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Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes Wages and Income Then scroll down to Retirement Plans and Social Security Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit button After you enter it keep going. There are follow up questions you need to answer. Especially look for if you lived in a Foreign country. Should be No.
yesterday
Need help with updating sold house
yesterday
After trying to have turbo tax fix this issue since 2/24/26, I finally decided to try deleting the asset and re-entering it. As I suspected, I can't re-create the asset as it was before. The asset ...
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After trying to have turbo tax fix this issue since 2/24/26, I finally decided to try deleting the asset and re-entering it. As I suspected, I can't re-create the asset as it was before. The asset (the residence) had a depreciable basis of $63,202 before I deleted it (I can see this in the 2025 Depreciation and Amortization Report from before I deleted the asset). Now that I have re-entered the asset with all of the correct information exactly as it was before, the asset now has an incorrect depreciable basis of $126,404 and 2025 depreciation amount of $7,980 instead of $2,299 (based on 27.5 yr recovery period). Please guide me as to how I can re-create this asset as it was before? I'm very frustrated that I finally gave in and did what you asked by deleting the asset, and it has messed up the depreciable basis and current year depreciation. I can't believe how much time and energy I'm having to put into fixing my tax return due to your software's issues.
yesterday
if your FTC is less than $300 no Form 1116 is required. On the 1099-Div, only enter the FTC no other info for it.
however this still requires Schedule 3 for which there may be a charge. in this cas...
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if your FTC is less than $300 no Form 1116 is required. On the 1099-Div, only enter the FTC no other info for it.
however this still requires Schedule 3 for which there may be a charge. in this case the only option is not to report the FTC.
yesterday
@BillM223, Can't thank you enough for this info - I absolutely could not figure out how to do this addition back onto only my AZ income and completely bypass my 1040 return. Thank you!
yesterday
Thank you. I'll check with the company that prepared the return. If I can't find the information, would the conservative approach be to asssume that none of the $710 is exempt? In that case I'd be ov...
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Thank you. I'll check with the company that prepared the return. If I can't find the information, would the conservative approach be to asssume that none of the $710 is exempt? In that case I'd be overpaying Ohio by likely less than $25.
yesterday
And how do you figure out what part was paid for by the employer? The W2 does not provide that information and there is no 1099-G issued by the state.
yesterday
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yesterday
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yesterday
TurboTax Business supports California state returns for corporations (100), S-corps (100S), partnerships (565), and LLCs (568), allowing e-file for most, though some forms may require mailing. See t...
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TurboTax Business supports California state returns for corporations (100), S-corps (100S), partnerships (565), and LLCs (568), allowing e-file for most, though some forms may require mailing. See this TurboTax webpage for access to purchase a download of TurboTax Business. Once you have the Federal return, to purchase a state download for TurboTax Business (Windows), open your federal return, navigate to the State Taxes tab, and select Download State from the top Online menu.
California requires electronic filing if you use software. Ensure that you download state forms when prompted, as they may be released later than federal forms.
yesterday
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