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yesterday
We didn't think it did either but it does show up in the federal review page located on the left side status bar
yesterday
But, if she has taxes withheld no matter how much she makes we will want to file to get those back, correct?
yesterday
Can I file a payor's 1099 through turbo tax?
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yesterday
California SDI tax in the TurboTax Program for Box 14 drop-down.
you may need to scroll up in the drop-down box to find it.
@cruzemili321
yesterday
If you're reporting a capital gain distribution from a 1099-DIV, the income goes to Schedule D, Line 13 under Long Term automatically from the Form 1099-Div Worksheet.
Check Schedule B, Dividen...
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If you're reporting a capital gain distribution from a 1099-DIV, the income goes to Schedule D, Line 13 under Long Term automatically from the Form 1099-Div Worksheet.
Check Schedule B, Dividend Income Smart Worksheet,
@zippo565
yesterday
Stands for California State Disability Insurance.
yesterday
@5bsagreen Sorry, This is a common misunderstanding. If you are both over 65 and in the phaseout amount, the 6% reduction is subtracted from EACH spouse's 6,000 effectively making it 12%. It...
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@5bsagreen Sorry, This is a common misunderstanding. If you are both over 65 and in the phaseout amount, the 6% reduction is subtracted from EACH spouse's 6,000 effectively making it 12%. It is phased out for EACH spouse. Fill out Sch 1-A yourself and see. It's pretty easy. Then why would they even have 2 lines 36a and 36b for spouse on Schedule 1-A? IRS Schedule 1-A https://www.irs.gov/pub/irs-pdf/f1040s1a.pdf See IRS instructions for 1040 line 110 https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
yesterday
On a shared policy, you can share in whatever percentages between the taxpayers as long as they agree.
For a family, it is most tax effective to allocate 100% to the taxpayer having the lowest ...
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On a shared policy, you can share in whatever percentages between the taxpayers as long as they agree.
For a family, it is most tax effective to allocate 100% to the taxpayer having the lowest percentage of poverty level income, in order to maximize the premium tax credit.
yesterday
On box 14 what is the category I should use for CADI? it won't let me leave it empty
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yesterday
Delete the W-2 and re-enter manually (Type it in )
Income
Wages & Income
Wages and Salaries select Update
Click the trash-can for the faulty W-2
Return to the section and selec...
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Delete the W-2 and re-enter manually (Type it in )
Income
Wages & Income
Wages and Salaries select Update
Click the trash-can for the faulty W-2
Return to the section and select Start or "Add another W-2"
Type in the W-2 you had deleted
yesterday
Same question. I called in and couldn’t get anywhere reporting it as incorrect. We both qualify, birthdates are corrected online. We are in the phaseout range (over 150,000, but less than 250,000)...
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Same question. I called in and couldn’t get anywhere reporting it as incorrect. We both qualify, birthdates are corrected online. We are in the phaseout range (over 150,000, but less than 250,000). Calculated the amount over the threshold and it is taking that amount twice off of 12,000.
yesterday
1 Cheer
I am using the desktop version (WIN11). It doesn't do me any good to manually input the information in forms if I can't e-file my return.
yesterday
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yesterday
If Box 14 reports hours instead of dollars, don't enter anything in that box. Instead, complete the W-2 interview and look for the page “Deduct up to $12,500 of your overtime” and hit Continue.
...
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If Box 14 reports hours instead of dollars, don't enter anything in that box. Instead, complete the W-2 interview and look for the page “Deduct up to $12,500 of your overtime” and hit Continue.
TurboTax will ask you if you need help in calculating eligible over time or if you know what to enter.
If you know what to enter, and you are not an exempt employee, you will then enter the amount of overtime in dollars that is eligible to be deducted on the page “Enter your deductible overtime…”
Pay attention to any blue hyperlinks on the entry screens that will provide more complete help for that topic.
yesterday
3 Cheers
My deluxe desktop Turbo Tax says the form 5695 Residential energy credits will be available soon. I set up for an email update and received an email stating it is available. I checked for updates a...
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My deluxe desktop Turbo Tax says the form 5695 Residential energy credits will be available soon. I set up for an email update and received an email stating it is available. I checked for updates and it is not available as of 1/28. Any insight?
yesterday
Just started my 2025 taxes. Imported last year's return. I picked "Choose what I work on" and started to enter my 1099-DIV forms. Premier 2025 listed the 1099-DIV's from last year's return. I cho...
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Just started my 2025 taxes. Imported last year's return. I picked "Choose what I work on" and started to enter my 1099-DIV forms. Premier 2025 listed the 1099-DIV's from last year's return. I chose the first one in the list and clicked REVIEW, Turbotax jumped to a page offering to import the 1099's. I clicked on Skip Import and was able to manually enter the data for the FIRST 1099-DIV. BUT ... when I selected the NEXT 1099-DIV in the list, Turbotax once again jumped to a page offering to import. Again, I clicked on Skip Import. But now all that does is bounce you back all the way to the screen where you can select investment types ("OK, let's start with one investment type") and clicking continue just brings up a blank 1099-DIV rather than the second firms 1099 with name, FEIN, etc. Endless loop. Cannot manually enter 1099-DIV data except for the first firm in the list. Although I didn't try yet, I suspect the same will happen with 1099_INT entries. Is there a way to completely turn off this 1099 import option????? This a rather fundamental problem that needs fixed or a work around explained, and having to re-enter data into a new set of blank 1099-DIV's is NOT an acceptable work around IMHO.
yesterday
If all of the partners are non-residents the partnership is required to withhold taxes and file form 8805. If you have not withheld tax then the partners need to file W-8BEN to claim treaty benefits...
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If all of the partners are non-residents the partnership is required to withhold taxes and file form 8805. If you have not withheld tax then the partners need to file W-8BEN to claim treaty benefits or reduced withholding. All of which is to say that this is better done with Sprintax as those are all out of scope for TurboTax.
yesterday
Hi, Turbo Tax automatically added IRA withdrawals to the taxable category under Gross Compensation. I'm retirement age and have always resided in Pennsylvania, which doesn't usually tax retirement ac...
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Hi, Turbo Tax automatically added IRA withdrawals to the taxable category under Gross Compensation. I'm retirement age and have always resided in Pennsylvania, which doesn't usually tax retirement account withdrawals. I didn't catch it and sent it out. Why is this automatic and how can I fix it? It's still pending. Thanks.