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They sent me a letter and told me to contact the SSA to "Correct this information." I don't know what info they want corrrected. I went to SS office with death cert and they told me they already knew ... See more...
They sent me a letter and told me to contact the SSA to "Correct this information." I don't know what info they want corrrected. I went to SS office with death cert and they told me they already knew (this was right after he passed)
Hello, After completing and reviewing my 2025 tax return using TurboTax, I noticed the differences between the "Schedule 1 State and Local Income Tax Refund Worksheet 2025" provided by TurboTax and ... See more...
Hello, After completing and reviewing my 2025 tax return using TurboTax, I noticed the differences between the "Schedule 1 State and Local Income Tax Refund Worksheet 2025" provided by TurboTax and the worksheet outlined in IRS Form 1040 instruction. For a reference, I have attached an image of the IRS worksheet—please take a look.  IRS worksheet is simpler than TurboTax worksheet which also includes the calculation of Recovery Amount and Recovery Exclusion. Both worksheets yield the same result, but I’m unsure if Turbotax’s worksheet is acceptable to the IRS. Thank you for your help. Best regards, Indy
Did you enter all of your income? You cannot enter child care expenses unless you have income from working - either a W-2 or self-employment. If you are married filing jointly you must both have inco... See more...
Did you enter all of your income? You cannot enter child care expenses unless you have income from working - either a W-2 or self-employment. If you are married filing jointly you must both have income from working.  
That online version is actually called Premium; I know that's weird.   Here's a shortcut to get to the K-1 interview.   With the return open, go to the left menu column and click on TAX TOOLS, the... See more...
That online version is actually called Premium; I know that's weird.   Here's a shortcut to get to the K-1 interview.   With the return open, go to the left menu column and click on TAX TOOLS, then the subtab TOOLS. In the Tools Center choose the blue button Topic Search. In the topic search line enter the term K-1 without quotes, or you can enter Schedule K-1. Make the selection in the list (it may already be highlighted), and either double-click it or click the GO button. Next screen Did you receive any Schedules K-1 or Q? Continue that interview.
Yes, TurboTax includes the deduction for seniors. You don't have to enter anything to get the deduction. TurboTax will give it to you automatically based on the birth date that you entered in your pe... See more...
Yes, TurboTax includes the deduction for seniors. You don't have to enter anything to get the deduction. TurboTax will give it to you automatically based on the birth date that you entered in your personal information, and your income. The maximum deduction for seniors is $6,000, or $12,000 if married filing jointly and both are 65 or older. The deduction is gradually reduced if Modified Adjusted Gross Income (MAGI) is over $75,000 ($150,000 if married filing jointly), so if your income is over that amount you will not get the full $6,000 per person. The deduction is reduced to zero if MAGI is $175,000 or more ($250,000 if married filing jointly). The deduction for seniors is calculated in Part V of Schedule 1-A. The amount of the deduction will be on Schedule 1-A line 37. The total deductions from Schedule 1-A will be on Form 1040 line 13b, which might include other deductions besides the deduction for seniors.  
Big beautiful bill? HAs TurboTax added the calculations for 2025?
I don't understand how one can say one thing and the other not match. I'm trying to have an understanding of which to believe. Especially since TurboTax took a hefty amount in fees.
@cakillorin7 wrote:  I need to enter capital gains from my brokerage account. How to do this since Turbotax requires info not showing on my 1099B from National Financial Services? For example the... See more...
@cakillorin7 wrote:  I need to enter capital gains from my brokerage account. How to do this since Turbotax requires info not showing on my 1099B from National Financial Services? For example they ask for name of security, date bought and sold, which are not shown on my brokerage statement. I believe that's a Fidelity company.   That information should definitely be on your Form 1099-B.  You should phone Fidelity (I presume) and ask them why you are not seeing it.   You may not have received or may not have downloaded the entire tax form.   In addition to those items, TurboTax will also ask for the basis and sales price.  Your 1099-B may have a phone number on it near the Payer's name.
If Box 10 of X$, is more than Box 2, why do I have to decrease Box 10 to 0$? Or do I not understand.?