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I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:   TurboTax Online:   Sign into your online account. Locate the Tax Tools on the left-hand side of the screen. A drop-down will appear. Select Tools On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response.   TurboTax Desktop/Download Versions:   Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” * This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number  (including the dash) that was generated in the response.   *(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)  

For most individuals in the U.S., investment account management fees are not tax‑deductible under current federal law. This is due to the elimination of miscellaneous itemized deductions beginning in 2018, a change that has since been made permanent.     

M1W is a summary sheet where the numbers are pulled in so you won't be able to input there. Follow these steps: Open to federal income Edit w2 or 1099 not showing on summary You may have a blank form from last year that needs to be deleted Look at the state lines 15-17 and ensure: MN is selected from the dropdown MN tax id MN state income  MN tax withheld.  A full or corrupted cache can cause problems in TurboTax, sometimes you need to clear your cache (that is, remove these temporary files). Online version: Delete the form w2/1099 troublemaker- if possible, see How to Delete   Log out of your return and try one or more of the following: Don't use Internet Explorer. Clear cache and cookies, Sign in using a different browser. Sign in using a different device. Log back into your return. Enter the information again.  Desktop version:  Delete the form w2/1099 problem Save your return while closing the program. Let the program sit a few minutes. Update the program. Open Enter the information again.

Please rest assured that you aren't being charged twice for Refund Transfer fees. These fees are only deducted once from either your state or federal refund.   We're aware of a problem with the Tax Home screen and some order confirmation emails. This makes it look like the fee was applied many times.  We know this is confusing, but it's strictly a visual error on the dashboard.   Your final refund deposit will only reflect a single deduction for this service.   If you want to see your accurate breakdown, please check your original filing confirmation email rather than the Tax Home dashboard. Our team is working to fix the display issue as quickly as possible. Thank you for your patience!  

If 8b is checked, yeah the IRS says you have to provide an additional statement form but it is NOT a 7220. A 7220 is ONLY needed if you are using PWA to qualify your project. If your project is LT 1 MW you don't need it. If you project meets BOC criteria you DONT need it. You only need 7220 if you are using PWA as a criteria. The 3468 instructions are confusing as heck but quite clear on at least that. I spoke to the IRS this morning and they said if there is something missing from Efile they will contact is for it. TT should allow Efile if they are not going to fix this issue and let us make the call to Efile for not!

If the trust pays the CG tax then the distribution will be tax free to the benecificiaries. You should use a tax pro, accountant, or other local pro for the SNT in future years so the matter is handled properly.    

New Jersey and Pennsylvania have an agreement that you only pay tax to your home state regardless of which of those states your W2 income was earned in.  If you worked for the same employer all year, they should have taken New Jersey tax out when you lived in New Jersey and then stopped withholding New Jersey tax and started withholding Pennsylvania tax when you moved to Pennsylvania.  However, you should have notified your payroll at your employer that you moved to PA so that they could take care of withholding the correct state tax for you.  If they are still withholding New Jersey tax and you live in PA, you should notify your payroll department that you are a PA resident and need only PA tax withheld from your pay.   If the employer only withheld NJ tax, then you should be getting a refund of the excess NJ withholding, but then you will owe tax on the income you earned in PA to PA.  You do still need to file returns for both states.

You would enter this 1099 S like an investment sale.  Go to;   Federal Taxes>Income Investment Income Stocks, Bonds, Mutual funds .... Report as follows., Description of property  Date acquired → use “Inherited” Date sold Sales price (from the 1099‑S) Cost or other basis → this is where you enter the stepped‑up basis Adjustments, if needed (e.g., selling expenses) This is the only place the IRS expects to see the step‑up reflected numerically. once this is done, the sale will show up in a 8949 form in your return.

Did the partnership file a final form 1065; which also means you should have received a 2024 K-1 that was marked "final" at the top. Filing a form 1099-MISC is not correct. Do you have any idea of what your total liquidating distribution payments will be? Have you maintained a tax basis schedule?  

Yes, enter the actual mortgage interest you paid in during the year. The mortgage company is probably on an accrual basis, which doesn't apply to an individual taxpayer and explains the timing difference.    Check the box to indicate you are reporting a different number with an appropriate explanation (ex: you are reporting actual interest paid because you already claimed 2024 interest last year).   You don't need to include Form 1098 with your tax return because the IRS receives a copy from the lender.

The 87k is other income no subject to self-employment tax and goes on the line assinged to it by TurboTax. The adjustment on 14H is just that.....an adjustment and does not offset the $87k in other income.