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yesterday
im trying to fix my K-1 1120s. column 17. normally V-see stmt for my business deductions. this year V is 199 my deduction amount is there but apparently this is added income now?
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yesterday
can we report payment on next tax return?
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yesterday
If you received a Form SSA-1099 for the SS benefits you enter the amount that is in box 5 of the form on your federal tax return.
To enter Social Security benefits reported on form SSA-1099
C...
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If you received a Form SSA-1099 for the SS benefits you enter the amount that is in box 5 of the form on your federal 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
yesterday
In TurboTax Online Premier, to report expenses under Self-employment income and expenses, follow these directions.
Down the left side of the screen, click Federal.
Down the left side of t...
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In TurboTax Online Premier, to report expenses under Self-employment income and expenses, follow these directions.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Self-employment click on the dropdown menu.
Click Start/Revisit to the right of Self-employment income and expenses.
At the screen Your 2025 self-employed work summary, click the pencil icon to the right of the self-employment activity.
At the screen Here's your XXX info, under Expenses, click either Import expense transactions or Add expenses for this work.
Click the pencil to the right to add expenses.
See this TurboTax Help.
@jb_dennis65
yesterday
@rickybobby123 Might depend on what's on the actual 1099-DIV form IF just box 2a $$, those show up as part of Capital Gains, not as dividends Not sure about the other box 2b,c,d etc values
yesterday
To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen ...
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To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Amend (change) return
yesterday
"My net income was negative" Then you are not permitted to make any kind of retirement contribution. You must have net profit to be able to make either a self-employed retirement contribution or...
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"My net income was negative" Then you are not permitted to make any kind of retirement contribution. You must have net profit to be able to make either a self-employed retirement contribution or an IRA contribution.
yesterday
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yesterday
Why would my rejects and resubmissions count against my E-file limits.
yesterday
If I check the EIN box and have the EIN number listed, it checks the SSN box and asks for the number.
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yesterday
See this for entering self-employment expenses - https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-s...
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See this for entering self-employment expenses - https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/01/27109?search-action-id=617704664248&search-result-uid=27109
yesterday
Yes. In fact, the IRS updated Pub 936 for handling balances incurred between 1987 and 2017. The software should have updated that for you.
There are different ways to calculate the balance. If you ...
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Yes. In fact, the IRS updated Pub 936 for handling balances incurred between 1987 and 2017. The software should have updated that for you.
There are different ways to calculate the balance. If you calculate a more favorable deduction using an approved method, you can:
enter the correct mortgage interest amount allowed
select the balance was below $750k so the program won't try to figure it again.
Sch A only shows the allowed amount when sent to the IRS- none of the program questions and answers.
The IRS knows your balance was over $750k and will see your mortgage interest claimed is less.
Reference: About Publication 936, Home Mortgage Interest Deduction
yesterday
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yesterday
I purchased the Home & Business Desktop version of TurboTax from Staples in Toronto, Canada. I get an 607 error code. How do I get this resolved urgently so I can file my tax return.
yesterday
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yesterday
That's too bad. Really excludes a good portion of the people that would benefit from this deduction. I'm told the Venmo $ Threshold used for 1099 distribution went went up from $5K to $20K in 2025....
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That's too bad. Really excludes a good portion of the people that would benefit from this deduction. I'm told the Venmo $ Threshold used for 1099 distribution went went up from $5K to $20K in 2025. So if she was able to make more money she would pay less taxes, but because she doesn't make enough she pays more. Doesn't seem like these rules were thought through all the way.
yesterday
Yes, you can change from itemized deductions to standard.
Go through your itemized deductions again. After navigating, you should reach a page that says. “Based on what you told us, the Standard De...
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Yes, you can change from itemized deductions to standard.
Go through your itemized deductions again. After navigating, you should reach a page that says. “Based on what you told us, the Standard Deduction is right for you.” or “Based on what you told us, Itemizing is right for you.”
On this page, you will see a link or button labeled. “Change my deduction.” This is the only place where TurboTax lets you override the automatic choice. Select it.
yesterday
@taxpersonly @DoninGA This response from DD2130 talks about a problem with certain edit/trash selections not showing up if the computer is not connected to the internet. Not sure it applies to...
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@taxpersonly @DoninGA This response from DD2130 talks about a problem with certain edit/trash selections not showing up if the computer is not connected to the internet. Not sure it applies to just the computer, or actually having the desktop software login implemented. Not sure I understand why that should be the case in either situation...just something to watch out for if it happens to y'all. Re: Summary Screens not allowing you to edit or delete items contained in the list
yesterday
It states to navigate to 'Tax Home' The menu on the top left does not have that as an option
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