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yesterday
I am having the same problem. I am not keying anything incorrectly. Please fix this.
yesterday
Getting the error Person on the Return Worksheet (name of son): Enrollmentstatus must be entered I click fix and it takes me to the Dependent Information Worksheet -> Student Info Worksheet and I...
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Getting the error Person on the Return Worksheet (name of son): Enrollmentstatus must be entered I click fix and it takes me to the Dependent Information Worksheet -> Student Info Worksheet and I answer two questions there. It then checks again and still says the problems exits (same error) and goes back to this sheet. Basically it's a never ending loop. This is a bug. How do I get out of it?
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yesterday
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yesterday
1 Cheer
And...you are not in a frat house or on a street corner. You are posting a question to a user forum from which you need an answer from someone knowledgeable about income tax returns. Lose the prof...
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And...you are not in a frat house or on a street corner. You are posting a question to a user forum from which you need an answer from someone knowledgeable about income tax returns. Lose the profanity. Click the little blue dots on the upper right to edit your post to be polite and respectful of the people from whom you are seeking help.
yesterday
We'd love to help you complete your tax return, but need more information. Can you please let us know what state return is this for? Typically it's the Full Year, but if you tell us which state it's...
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We'd love to help you complete your tax return, but need more information. Can you please let us know what state return is this for? Typically it's the Full Year, but if you tell us which state it's for, we can confirm.
yesterday
Yes, I would wait and see what the IRS does. They usually catch that and add it in for you.
yesterday
Please explain that more. We don't yet know exactly what you are doing. Where are you seeing a question that says your PIN is wrong. What screen and what kind of PIN? Or have you alread...
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Please explain that more. We don't yet know exactly what you are doing. Where are you seeing a question that says your PIN is wrong. What screen and what kind of PIN? Or have you already efiled and got a rejection notice? If so, please provide the exact rejection error code and message.
yesterday
No, that’s not an exception to payment of tax on forgiven debt.
yesterday
Thanks @AmyC . Yes, I understand why we got capped to $10k on my Sched A. Agree that Sched C should have the full amount of real estate tax. In my case that is $35,043 . However when I entered t...
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Thanks @AmyC . Yes, I understand why we got capped to $10k on my Sched A. Agree that Sched C should have the full amount of real estate tax. In my case that is $35,043 . However when I entered that for Sched C line 11b, TurboTax flags it an error (see below) even though we're filing jointly. I tried different amounts, and TT seems to be OK with $20,000 or under. I double checked that we're filing "married jointly". The error is: "Schedule C - Form 8829: Line 11b SALT Amounts for real estate tax deductions are limited to a combined total of $40,000 ($20,000 if Married Filing Separately."
yesterday
Sorry you have to manually enter the SSA-1099. You can not import it. Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes (Personal for Home&Business) Wages and Income Then scroll d...
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Sorry you have to manually enter the SSA-1099. You can not import it. Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes (Personal for Home&Business) 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 Then keep going, on the next screen be sure to answer Did you live in a Foreign Country? NO. If you are married you need to say No for each spouse.
yesterday
It's an asset but you can use the de minimis safe harbor election to write the whole thing off if the cost was $2500 or less per IRS. IRS LINK
yesterday
I converted a personal residence to a rental which incurred rental only expenses like rental dwelling insurance.
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yesterday
where are you being asked for 2210 Line 4, is it under Other Tax Situations / Underpayment Penalties to determine your safe harbor and penalty for 2025, which asks you to confirm 2210 Line 4 and AGI ...
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where are you being asked for 2210 Line 4, is it under Other Tax Situations / Underpayment Penalties to determine your safe harbor and penalty for 2025, which asks you to confirm 2210 Line 4 and AGI carried over from your 2024 return? (it may also refer to 2210-F line 6 which is the alternative for farmers and fishermen) to avoid penalty you need to have paid 100% of last year's tax (110% if AGI > 150k or 75k if filing MFS) or 90% of this year's tax, whichever is smaller, either thru withholding or timely (usually quarterly) estimated taxes. This is calculated on Form 2210 but this form is not normally in your return unless you have an exception, otherwise by default the IRS calculates it independently. If you have TT Desktop version then you can see Form 2210 in Forms mode. For TT Online I am not sure how you see it by default but you can check the PDF with all forms and worksheets. Form 2210 Line 4 is the combination of Lines 1-3 which is generally your 1040(-SR) Line 22 plus specific additions to tax from Schedule 2, less refundable credits; see instructions/form here https://www.irs.gov/pub/irs-pdf/i2210.pdf https://www.irs.gov/pub/irs-pdf/f2210.pdf There are some conditions where you can apply for a waiver or exception, see also IRS website here https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty If your income was uneven during the year you may be able to reduce the penalty by filing the Annualized Income method which is extra filing work to determine your AGI etc by quarter but can be helpful if you had more of your income towards the end of the year since it reduces the length of the underpayment.
yesterday
Yes, but only the portion of medical expenses that are greater than 7.5% of your adjusted gross income (AGI). Additionally, it'll only help if you are itemizing your deductions. If you're taking th...
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Yes, but only the portion of medical expenses that are greater than 7.5% of your adjusted gross income (AGI). Additionally, it'll only help if you are itemizing your deductions. If you're taking the Standard Deduction, these expenses will have no tax effect on your return. The Standard Deduction for 2025 is $31,500 for Married Filing Jointly filers, so your itemized deductions will need to be greater than $31,500 in order to get a better result than the Standard Deduction.
yesterday
For 2025, you can deduct up to $12,500 for individuals ($25,000 for joint filers) of Qualified Overtime Compensation (QOC)—the premium "half" part of time-and-a-half pay.
The deduction begin...
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For 2025, you can deduct up to $12,500 for individuals ($25,000 for joint filers) of Qualified Overtime Compensation (QOC)—the premium "half" part of time-and-a-half pay.
The deduction begins to phase-out at $150,000 ($300,000 for joint filers) of Modified Adjusted Gross Income (MAGI). For 2025, employers are not required to break this out and report separately on Form W-2.
Therefore, you may have to calculate the QOC yourself. If your employer does not provide amount, the IRS will allow you to calculate it using "reasonable methods" from your pay stubs, year-end statement, etc. To determine the amount of your deduction (if you are paid time-and-a-half), take your total overtime pay and divide it by 3.
To enter your qualified overtime compensation:
Go to the W-2 screen under under Wages & Income.
Add or edit your W-2 for your employer where you worked overtime.
After entering your W-2, look for the Let's check for other situations screen.
Check the box next to Overtime.
Continue until you see the Let’s see if your overtime qualifies as tax-free screen.
If your statement has the deductible overtime premium amount:
Select No help needed-I know what to enter.
Look for the Enter your deductible overtime from [your employer’s name] screen.
Enter the overtime premium amount from your statement for Deductible overtime.
The above information is from the TurboTax Help Article
To Enter Qualified Overtime in TurboTax Desktop 2025:
Go to the Wages & Income section and enter your W-2.
After entering your W-2, proceed through the screens until you reach "Let's check for other situations" or "Uncommon Tax Situations".
Check the box next to Overtime and click Continue.
Follow the prompts and enter your overtime amounts from your year-end pay stub or other source. Note that the deduction applies only to the "premium" portion (e.g., the "half" in time-and-a-half).
Indicate if you are a non-exempt employee, which is generally required to claim this federal deduction.
yesterday
Look on 1040/1040SR line 13b. Is the $6,000 there?
yesterday
I am having trouble up;oading my 1099 ssa form
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yesterday
You should enter the 1099s on Schedule Es and you can choose "Other" and write in a description such as "DST".
yesterday
I am lying. The only thing that’s different is that I moved from an old house to a new house.
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