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Thank you, I'm just confused because TT keeps telling me I can e-file and it's better vs. It's just misleading all over the place.    
@hnk2 this section in the IRS page specifies that a 'conversion' can either be done as a 'rollover' (where the check comes to you, but needs to be deposited into the Roth within 60 days), or a 'trans... See more...
@hnk2 this section in the IRS page specifies that a 'conversion' can either be done as a 'rollover' (where the check comes to you, but needs to be deposited into the Roth within 60 days), or a 'transfer' directly between accounts at the same trustee, or between trustees. How do I convert my traditional IRA to a Roth IRA? You can convert your traditional IRA to a Roth IRA by: Rollover – You receive a distribution from a traditional IRA and contribute it to a Roth IRA within 60 days after the distribution (the distribution check is payable to you); Trustee-to-trustee transfer – You tell the financial institution holding your traditional IRA assets to transfer an amount directly to the trustee of your Roth IRA at a different financial institution (the distributing trustee may achieve this by issuing you a check payable to the new trustee); Same trustee transfer – If your traditional and Roth IRAs are maintained at the same financial institution, you can tell the trustee to transfer an amount from your traditional IRA to your Roth IRA.   The 'conversion step has no deadline' referred to in the Morningstar article is referring to, for backdoor Roth conversions specifically, the time between making the non-deductible contribution to the IRA and then executing a conversion using these methods above; it's not referring to the time gap between taking a distribution and then deciding later it was for a Roth conversion.   As the name implies a 'backdoor' Roth process is a workaround for contribution limits on Roth IRAs for high earners by flowing the money through a zero-balance traditional IRA first, which used to come with concerns about 'how soon' this could be done to be considered legitimate (which I think was clarified in the 2017 TCJA to be a non-issue); but there is no time limit between making a Trad IRA contribution and then deciding to do a Roth conversion whether it's considered 'backdoor' or not - for a 'backdoor' conversion the issue with waiting is the earnings growth in the Trad IRA is taxable whereas it could have been growing tax free in a Roth.   I'm not a CPA but from what you've described I think the answer to your original question is 'no' since more than 60 days have passed since you took the distribution.
 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, or you can pay directly on the IRS website.    https://www.irs.gov/p... See more...
 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, or you can pay directly on the IRS website.    https://www.irs.gov/payments     https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212     https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403      To apply for a payment plan with the IRS   Apply Online for a Payment Plan     You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0   WHAT IF I CANNOT PAY MY TAX DUE? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_US?uid=m9iryksw  
You cannot e-file a 2023 return.  E-filing for 2023 has been permanently closed since the end of October 2024.  The only way to file the 2023 return is by mail.   Choose the option to file by mail in... See more...
You cannot e-file a 2023 return.  E-filing for 2023 has been permanently closed since the end of October 2024.  The only way to file the 2023 return is by mail.   Choose the option to file by mail in the FILE section.  Print, sign and date the returns in ink, and mail them.     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  
Hi,   I downloaded the 2023 TT Software to file my 2023 taxes. Came to Filing step and at first it told me that e-filing is closed for 2023 Tax Season. But next step gave me an option to choose e-f... See more...
Hi,   I downloaded the 2023 TT Software to file my 2023 taxes. Came to Filing step and at first it told me that e-filing is closed for 2023 Tax Season. But next step gave me an option to choose e-filing, and now I'm confused if I'm able to e-file or not. I don't know what will happen after I enter the credit card info to pay the taxes. Will it go through or not?
I assume it would be ok to file MFJ for GA as non-residence even though my wife stayed in GA and had no work except income from our rental property. Thank you.
Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment... See more...
Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2024 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.   Have you entered income from working in 2024?  If not,  you will not receive an income tax refund based on having dependent children.     The maximum amount of the child tax credit is now $2000 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.   Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you can get—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.    If your child is older than 16 at the end of 2024, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents     And for the Earned Income Credit—-   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09   https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant   https://www.irs.gov/pub/irs-pdf/p596.pdf   Look at your 2024 Form 1040 to see the child-related credits you received   PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   Child Tax Credit line 19 Credit for Other Dependents line 19 Earned Income Credit line 27 Additional Child Tax Credit line 28
Do the children have Social Security numbers?   Were they over the age of 16?   If they do not have SSN's or if they are over 16 years old, you get the $500 credit for other dependents instead of the... See more...
Do the children have Social Security numbers?   Were they over the age of 16?   If they do not have SSN's or if they are over 16 years old, you get the $500 credit for other dependents instead of the child tax credit.   If they have SSN's and are under 17, then you entered something incorrectly in MY INFO about them.  
Turbo Tax shows IRS accepted my return. IRS shows the refund was deposited into my bank account via direct deposit over a week ago. Direct deposit is how I received my refund multiple years in a row.... See more...
Turbo Tax shows IRS accepted my return. IRS shows the refund was deposited into my bank account via direct deposit over a week ago. Direct deposit is how I received my refund multiple years in a row. Banking information is still the same. Verified that the return had correct routing information on it. Why haven't I received my refund yet?
You can't send a picture that you took outside of TurboTax. You have to use the TurboTax mobile app. Your iPhone has to have iOS 14 or higher. See the following for instructions. How do I take a ... See more...
You can't send a picture that you took outside of TurboTax. You have to use the TurboTax mobile app. Your iPhone has to have iOS 14 or higher. See the following for instructions. How do I take a picture of my W-2 in TurboTax Online?   If you can't get the photo to work, just enter your W-2 manually. It only takes a couple of minutes.  
If you have no exclusion under the General Rule, then your pension is 100% taxable, which seems to have been the case for the last 18 years. See IRS Pub 939 for more information that may save you som... See more...
If you have no exclusion under the General Rule, then your pension is 100% taxable, which seems to have been the case for the last 18 years. See IRS Pub 939 for more information that may save you some income tax.   @opa21 
No, you don't enter the Proceeds & Sales when they are WRONG.  It's clear you don't know how to make corrections by editing under "Investment Income - 1099-B or broker statements" and choosing EDIT a... See more...
No, you don't enter the Proceeds & Sales when they are WRONG.  It's clear you don't know how to make corrections by editing under "Investment Income - 1099-B or broker statements" and choosing EDIT and look for the entries that are errant.
How can I review my inputs after I've filed taxes?
You do not enter the gain or loss. You enter the proceeds and the basis, then TurboTax calculates the gain or loss.  
You're correct in the sense that gift splitting is not necessary to the extent that the gifts were from your joint account and, therefore, one-half is considered to be from each of you.
Thank you.  My New Mexico State Tax Return was finally shown as Accepted as of Friday night.
MY REFUND WAS LESS THAN I EXPECTED   https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594   There can be a numb... See more...
MY REFUND WAS LESS THAN I EXPECTED   https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594   There can be a number of reasons why your refund was less than the amount you expected. First of all, look carefully at your actual tax returns. Next——check the IRS refund site https://www.irs.gov/refunds to see what the IRS says they issued for your refund.  Sometimes the IRS reduces your refund. If the IRS reduced your refund they will send you a letter in several weeks.     There is sometimes confusion about the amount of refund to expect when users misinterpret the “summary” they saw in TurboTax. The amount of your refund is on your tax return.  Federal refund is on line 35a on Form 1040  State tax forms are all different so we cannot tell you what line to look at on your state form.  BUT it is important to actually LOOK at your tax return forms yourself and see the amounts of your tax refunds and/or tax due.  A lot of confusion would be avoided by doing that.   Be aware also that your Federal refund and state refund do NOT come together.  Federal and state tax returns are processed by two completely separate entities.  There is no rule as to which one will come first,   It is also possible that your state reduced your refund for debts owed in your state—if the state reduced your state refund you will receive a letter from the state.   Did you choose to have TT fees deducted from your Federal refund?  (Remember that if you did that, you also agreed to an extra refund processing fee of $40 or $45  in CA)   How can I see my TurboTax  fees?   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k      refund offset.       https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts  IRS Treasury Offset Program Call Center at 1-800-304-3107  https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts   https://ttlc.intuit.com/community/refunds/help/what-is-a-refund-offset/00/26301   Reduced Refund      https://www.irs.gov/taxtopics/tc203      NOTE: You can contact the IRS Treasury Offset Program Call Center at 1-800-304-3107 to ask if they have an offset for you on file. TurboTax would not have that information.