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yesterday
Most returns are able to get fixed and get submitted again. You can find out what is causing your return to be rejected and ways to fix it if you follow the steps below:
Sign in to your acc...
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Most returns are able to get fixed and get submitted again. You can find out what is causing your return to be rejected and ways to fix it if you follow the steps below:
Sign in to your account
Select the Fix my return button
Follow any “fix it” instructions to update the information causing the rejection.
What does my rejected return code mean and how do I fix it?
If you need additional assistance to fix your rejection, give us more information and we can assist you more.
Regarding the fees TurboTax Online can be used at no cost up until the point that you submit payment. Once payment has been received, the product is considered to have been used to prepare your taxes, regardless of whether you print or electronically file your return, or if it's rejected.
How do I request a refund for my TurboTax product?
yesterday
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yesterday
Thanks for responding to my question about the prepaid medical deductions. Here's another one. TT wants me to update my Alternative Minimum Tax info - the Update button is very much highlighted. ...
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Thanks for responding to my question about the prepaid medical deductions. Here's another one. TT wants me to update my Alternative Minimum Tax info - the Update button is very much highlighted. As far as I recall, I didn't explicitly enter any AMT data - I assumed it got what it needed from my imported 1099 forms - the checks at the end of the process, just before filing, didn't complain. Thanks in advance for any advice you can offer. In the meantime, I'll start slogging my way through Form 6251.
yesterday
As you add additional non-cash donations, TurboTax creates a new Charitable Organization worksheet for each charity. The information you enter flows to Form 8283. If you have many donations to report...
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As you add additional non-cash donations, TurboTax creates a new Charitable Organization worksheet for each charity. The information you enter flows to Form 8283. If you have many donations to report (more than will fit on one Form 8283), TurboTax will automatically create another copy of that form. But in most cases, you will have several worksheets and only one 8283.
To enter charitable contributions in TurboTax Desktop:
Open your return and go to Deductions & Credits (under Personal if using Home & Business).
Choose to navigate on your own.
Scroll down to Charitable Donations >> Donations to Charity and Start/Update.
If you have already entered a donation, click "Add another charity."
Complete the requested information, all pages, even if it seems redundant.
Continue back to the Charities & Donations summary page.
You can check your entries using Forms Mode in TurboTax Desktop.
Open your return and click the Forms icon in the TurboTax header.
In the list of Forms in My Return on the left, scroll down and look for Charitable Org (name of charity).
Click the form name to open it in the large window. There is a separate worksheet for each charity.
Notice the Additional Info (NonCash Item #) below this form in the forms list. Open this form to view the details of your non-cash donation. You may have more than one of these worksheets if you made several donations to the same charity.
Scroll down in the forms list and find "Form 8283 (Copy #)." This is the actual form that cannot be edited, as it reports the input from the Charitable Org worksheets.
Use the Print button under any open form to print or save as a PDF.
When you're finished, click Step-by-Step in the header to return to the main screens.
yesterday
@turbotaxscam Sorry----you will not like this, but downgrading to a lower version means you start over from scratch. You cannot start out in a higher paid or live expert assisted version, enter yo...
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@turbotaxscam Sorry----you will not like this, but downgrading to a lower version means you start over from scratch. You cannot start out in a higher paid or live expert assisted version, enter your information and then keep it all in place when you downgrade.
HOW CAN I DOWNGRADE TO A LOWER VERSION
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m6ilzady
yesterday
Can both of us (myself and my adult son) deduct the student loan interest amount on a loan that we are paying back? He used this loan for his school and I co-signed. We live separately and both fil...
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Can both of us (myself and my adult son) deduct the student loan interest amount on a loan that we are paying back? He used this loan for his school and I co-signed. We live separately and both file our taxes separately without dependents.
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yesterday
You need to delete all the forms associated with the business. You should be able to go to the business and delete - minus sign, trashcan, etc. If not, start with the worksheets and then Sch C:
...
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You need to delete all the forms associated with the business. You should be able to go to the business and delete - minus sign, trashcan, etc. If not, start with the worksheets and then Sch C:
Online: see How do I view and delete forms in TTO?
Desktop: switch to FORMS mode, locate forms from left side, delete
yesterday
Thank you for reply - however, I did as you instructed and the manual update superpatch installed ok, but when restarting turbotax software it did not generate an upate - it went straight to the prog...
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Thank you for reply - however, I did as you instructed and the manual update superpatch installed ok, but when restarting turbotax software it did not generate an upate - it went straight to the program. I think Turbotax needs to issue a patch-fix for this glitch. The tax calculator works for a short while and then stops recalculating. I tried Forms Mode, Final Review/Error check and it did not force a recalculation. It says my taxes are whatever it shown on the screen even though that figure is now "stuck" at the same amount no matter what entries I make going forward. It is not transposing the new entries after the 'freeze' into the worksheets so I can't even use those to manually fill in my returns. Without a patch fix issued by TT, this software is rendered useless and a waste of my money. I have always been loyal to TT for several years, but if TT is not willing to issue a fix, I will obviously have to look elsewhere for tax software. I have seen comments from people on hear complaining since JANUARY, so it appears nothing has been done by TT to fix this glitch.
yesterday
Answer YES, if Robinhood gave you a promotional crypto reward (such as their "Learn and Earn" crypto, sign-up bonuses, or referral rewards). The IRS explicitly states that you must check "Yes" if...
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Answer YES, if Robinhood gave you a promotional crypto reward (such as their "Learn and Earn" crypto, sign-up bonuses, or referral rewards). The IRS explicitly states that you must check "Yes" if you: Received digital assets resulting from a reward or award. Received an airdrop. (Promotional crypto is often treated similarly to an airdrop). Received payment for services (e.g., if the reward was for completing a "Learn" module, the IRS views that as a form of compensation/reward for your time). If your total rewards from Robinhood were $600 or more, they will issue you a 1099-MISC. Open or continue your return. Under Federal tab, Click on Wages & Income. Scroll down to Other Common Income, and Click on Start/Revisit next to Form 1099-MISC. Enter the details exactly as shown on your form. When asked for the "reason" or "source," select "Nonbusiness income" or "Other income." When asked if it "involved work like your main job" or if there was an "intent to earn money," answer NO (otherwise the program will incorrectly charge you 15.3% Self-Employment tax). If it was under $600, you may not get a form, but you are still required to report the fair market value of the crypto (at the time you received it) as "Other Income" on Schedule 1 (it's considered Ordinary Income). Open or continue your return. Under Federal tab, Click on Wages & Income. Scroll down to Less Common Income, and Click on Start/Revisit next to Miscellaneous Income, 1099-A, 1099-C. Scroll down to Other reportable income, and Click on Start. Select Yes to "Any Other Taxable Income?" Enter "Crypto Rewards" or "Robinhood Crypto Bonus" (for the description). Enter the USD value of the crypto at the exact time you received it. That reward amount (e.g., $5) becomes your cost basis; thus if you ever sell that crypto later, you will only pay capital gains tax on any earnings above that $5.
yesterday
from the iRS
In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year ...
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from the iRS
In general, you must report the interest in income in the taxable year in which you redeemed the bonds to the extent you did not include the interest in income in a prior taxable year (use of accrual basis to report interest each year)
however Treasury Direct says you can change methods from redemption method to annual metthod
Reporting the interest every year You may choose to report the interest every year.
But you will not get a 1099-INT every year. You only get a 1099-INT at the end.
If the savings bonds are in a TreasuryDirect account, you can see the interest earned each year in the account. If the savings bonds are on paper, our Savings Bond Calculator can help you figure out the interest to report. When you get the 1099-INT at the end, it will show all the interest the bond earned over the years. For instructions on how to tell the IRS that you already reported some or all of that interest in earlier years, go to IRS Publication 550 and look for the section on U.S. Savings Bonds.
Changing from one method to the other You can change from one reporting method to the other.
You were deferring. You now want to report every year. You may do this without permission from the IRS. But you must do this for all the savings bonds for the Social Security Number whose tax return this is. In addition to the interest for the year you are now reporting, you must also report all interest those bonds earned in the years before you changed.
It seems that the executor, administrator, and so on who’s required to file the decedent’s final income tax return can elect to include all of the interest earned on the bonds before the decedent’s death on the return.
However, not only will income taxes be owed, but also penalties and interest for late payment of the taxes. Penalties for late payment are 1/2% per month on the amount owed so 3 years late is aboit 18%
And then there is the interest compounded monthly, possibly another 24% (UNOFFICIAL) , so if the taxes owed were $1000 , there would be owed over $420 in penalties and interest
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so are you in th e 42% bracket.
yesterday
Can’t get past this page
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yesterday
Schedule B would report Interest and dividend income. Normally, you would not need to file that schedule if your interest and dividend income was less than $1,500. However, you would need to file it ...
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Schedule B would report Interest and dividend income. Normally, you would not need to file that schedule if your interest and dividend income was less than $1,500. However, you would need to file it if you had a foreign bank account, as it mentions here in the Instructions to Schedule B.
yesterday
I had the same thing happen except I cannot print the $0 Corrected 10099-NEC. When I do I get an error " This recipient's record does not have an amount reported for an independent contractor/nonempl...
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I had the same thing happen except I cannot print the $0 Corrected 10099-NEC. When I do I get an error " This recipient's record does not have an amount reported for an independent contractor/nonemployee compensation." Will I be able to print the correction once it is accepted by the IRS or is there something else I need to do?
yesterday
why do I need to adjust my cost basis?
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yesterday
To enter, edit or delete Property Taxes - Click on Federal Taxes Click on Deductions and Credits Click on I'll choose what I work on (if shown) Under Your Home If paid through your lender On Mo...
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To enter, edit or delete Property Taxes - Click on Federal Taxes Click on Deductions and Credits Click on I'll choose what I work on (if shown) Under Your Home If paid through your lender On Mortgage Interest, Refinancing, and Insurance, click on the start or update button If paid directly On Property Taxes, click on the start or update button
yesterday
1 Cheer
You can leave the benefit number blank, but they may necessitate mailing in the Form as opposed to e-filing it.
yesterday
When accessing the TurboTax Georgia state program, on Income click on start or edit.
Under Education
On Path2College Savings Plan Contributions, click on the start button
yesterday
how to edit a number on the tax form after it has been saved?
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yesterday
1 Cheer
It is easy to be confused, but this is because of the way the IRS refers to things.
What you can't do with an FSA is CONTRIBUTE to your HSA - the HSA will still be there when you return to HDHP...
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It is easy to be confused, but this is because of the way the IRS refers to things.
What you can't do with an FSA is CONTRIBUTE to your HSA - the HSA will still be there when you return to HDHP coverage (if you ever do).
Yes, you had Family HDHP coverage all year (2025), but we are not trying to figure out your insurance coverage, we are only trying to calculate your annual HSA contribution limit. FOR PURPOSES OF CALCULATING THIS LIMIT, you have to say that you had NONE for HDHP coverage for any month (Jan-Nov in your case) that either one of you had FSA coverage.
So don't let it confuse you...in this section, you are telling TurboTax month by month if you had HDHP coverage with no conflicting coverage (like an FSA or Medicare or whatever)...NONE means that either you had no HDHP coverage OR you had HDHP coverage but also had conflicting coverage.
P.S. To put it more accurately, once you have an HSA, you will always have it so long as there is money in it (in this way, it is like an IRA). You don't lose the HSA even when you lose your HDHP coverage or have conflicting coverage.