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Yes, look for the page "Describe the Partnership" as you work through the Schedule K-1 interview. Check the box for "This partnership ended in 20XX," which will mark the K-1 as final.   The Capit... See more...
Yes, look for the page "Describe the Partnership" as you work through the Schedule K-1 interview. Check the box for "This partnership ended in 20XX," which will mark the K-1 as final.   The Capital Account information is also entered during the interview on the page "Enter Capital Account Information." You can enter the opening capital account, contributions, current net income (loss), other increases (decreases), and withdrawals/distributions. If TurboTax doesn't calculate the Ending Capital account for you, enter the correct number in the ending capital account box.
@GregNHouston    Yes, it IS a browser permissions thing. I had the same problem the first time I attempted to download Fidelity. ...even though it said Success...but nothing there   You need to... See more...
@GregNHouston    Yes, it IS a browser permissions thing. I had the same problem the first time I attempted to download Fidelity. ...even though it said Success...but nothing there   You need to allow intuit access to your devices... One of the following discussions should help you   Reset browser/device permission is described here Solved: Re: Importing Brokerage data does not work and here Solved: Re: vanguard brokerage update is available from Vanguard but not on turbo tax  
Here are some of the reasons why you may be considered ineligible to pay with your refund:   From TurboTax - Can I pay with my refund? To use this payment option: Your federal or stat... See more...
Here are some of the reasons why you may be considered ineligible to pay with your refund:   From TurboTax - Can I pay with my refund? To use this payment option: Your federal or state (if applicable) refund must be enough to cover your TurboTax fees. You must have a US address. You have to e-file. The name on the bank account needs to match the name on the tax return. You'll need to direct deposit your refund into a single account.  Otherwise, you can try troubleshooting with TurboTax Online.   Is there a different, or more specific error message that you're seeing?
The data from 2023 4562 turbotax not transfering to 2024 and turbo tax.   No 4562 2024 at all.  How do I enter the MACRS 4562 line 17 for 2024  
@SK75 I am also having a similar problem in 2025. I have posted my problem on Feb 13 at: https://ttlc.intuit.com/community/retirement/discussion/turbotax-not-handling-roth-ira-withdrawal-correctly-fo... See more...
@SK75 I am also having a similar problem in 2025. I have posted my problem on Feb 13 at: https://ttlc.intuit.com/community/retirement/discussion/turbotax-not-handling-roth-ira-withdrawal-correctly-for-nj-state/00/3775240   As yet, there has been no answer from anybody. This is very frustrating!
Since the UI isn't doing this automatically, you likely need to manually adjust this in the state interview section.   Check W-2 Allocation: Go back to the Federal W-2 entry. Ensure your milit... See more...
Since the UI isn't doing this automatically, you likely need to manually adjust this in the state interview section.   Check W-2 Allocation: Go back to the Federal W-2 entry. Ensure your military W-2 does not have "OH" in Box 15 (State). If you are a resident of another state, it should reflect your legal home of record. If it says OH, the software will fight you on every subsequent screen. Look for the "Income Allocation" Screen: In the Ohio state interview, look for a screen titled "Income Allocation" or Non-Resident Credit Income Distribution."  You will see a list of your income (Wages, Interest, etc.). There are usually two columns: Federal Amount and Ohio Amount. Manually ensure the "Ohio Amount" for your military wages is 0. Even if the software deducted it on the Schedule of Adjustments, you must ensure it is marked as "$0 Ohio-source" here to trigger the IT NRC correctly. The Schedule of Adjustments vs. IT NRC: Ohio requires military pay for non-residents to be deducted on the Schedule of Adjustments (Line 24 or 26 usually). However, the IT NRC (Line 1, Column B) should also show 0 for that income. If the software is putting your full pay in Column B, that is the error Ohio flagged last year.   Since your wife is a non-resident, her income is also deductible under the Military Spouses Residency Relief Act (MSRRA) if she shares your legal residence. Ensure her income is also marked as 0 in the "Ohio Amount" column of the allocation screen.    
Please return to the self-employment section, click "edit" for the business, scroll down and select "Business Income". Delete or edit the income previously entered.   
  Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process ret... See more...
  Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process returns quickly and some are very slow.   STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
Hi everyone, I’m trying to figure out whether I owe New York State income tax as a nonresident and live in TN. My employer is based in New York, and my payroll withholds NY state tax, too. The job i... See more...
Hi everyone, I’m trying to figure out whether I owe New York State income tax as a nonresident and live in TN. My employer is based in New York, and my payroll withholds NY state tax, too. The job is fully remote. I never worked a single day in NY last year.    Do I need to pay NYS income tax in 2025? I got mixed answers. I read the "Convenience of the Employer" test, which I don't meet. But someone says if you never physically work in NY, then that test doesn't apply to me. I don't really know which is right. I've called the NYS Department of Taxation and Finance, and they said as long as the income source is from NY, then it's subject to NY income tax. That means I need to pay the NY State income tax.   Thank you for any insights.  
Yes.  If you are itemizing your return, your supplemental insurance premiums are deductible as itemized expenses.     Itemized expenses include mortgage interest, gambling losses up to 90% or up ... See more...
Yes.  If you are itemizing your return, your supplemental insurance premiums are deductible as itemized expenses.     Itemized expenses include mortgage interest, gambling losses up to 90% or up to winnings (whichever is less),  charitable contributions, state and local taxes up to $40,000, medical expenses in excess of 7.5% of your AGI and federally declared casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.  Your health insurance and all medical expenses are only deductible for the amount that is over 7.5% of your AGI.  This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.   Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.  The 2025 Standard Deductions are as follows: Married Filing Joint (MFJ)              $31,500 Married Filing Separate (MFS)      $15,750 Head of Household (HOH)             $23,625  Single                                                 $15,750                                 Blind or over 65 and MFJ or MFS add $1,600 Single or HOH if blind or over 65 add $2.000 Standard Deduction vs. Itemized Deductions: Which Is Better?  
The early withdrawal penalty is 10% of the amount withdrawn, not 20%. In addition to the penalty, you have to pay income taxes on the amount, at the rate corresponding to your total taxable income. ... See more...
The early withdrawal penalty is 10% of the amount withdrawn, not 20%. In addition to the penalty, you have to pay income taxes on the amount, at the rate corresponding to your total taxable income.   Tax withheld is just an estimated advance payment of your taxes. The final tax amount can only be determined when you fill out your tax return. The taxes withheld serve as a credit against your tax liability. If too much tax was withheld, you'll receive a refund; otherwise, there'll be a tax due.
I do not own or operate a farm, I own land, that once was farm ground that was put into a crop restoration program which is basically the USDA planting trees for habitats on the land and preventing f... See more...
I do not own or operate a farm, I own land, that once was farm ground that was put into a crop restoration program which is basically the USDA planting trees for habitats on the land and preventing farming on the land/limiting other activities.  Anyone can receive these payments if they sign up for the program with their USDA office you do not have to have any agricultural affiliation 
Here are the step-by-step instructions on what to do if you entered the wrong bank account for direct deposit.
Here are the step-by-step instructions on what to do if you entered the wrong bank account for direct deposit.
Where on the Turbo Tax site is a coy of my tax returns?
Well, this appears to be a popular topic.   I'm at the "Other" section of the tax form, and it claims I have an estimated taxes underpayment penalty, while I'm also getting a refund many times grea... See more...
Well, this appears to be a popular topic.   I'm at the "Other" section of the tax form, and it claims I have an estimated taxes underpayment penalty, while I'm also getting a refund many times greater than the penalty.  🤔  Every year, I adjust my final estimated tax payment if investment distributions are greater than predicted (which distribute at the end of the year), specifically to avoid an underpayment penalty and the pain of annualizing income.  For the initial estimated tax computation, I calculate and pay based on 100% of the coming year's income (using regression analysis).   I don't understand...