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Friday
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Friday
When did your spouse pass? Do you have any children? You can file a Joint return as normal the year your spouse died. For the next two years following a husband's or wife's death, the surviving ...
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When did your spouse pass? Do you have any children? You can file a Joint return as normal the year your spouse died. For the next two years following a husband's or wife's death, the surviving spouse can file as a qualifying widow or widower if they have a qualifying child. That basically lets you continue to use the same tax brackets that apply to married-filing-jointly returns. After the year of death if you don't have a child you file as Single. And then next year start over with a new return and new account. And don't transfer from the Joint return.
Friday
Go through the entries as if you made $1 of income to force open the forms you need. The program must believe it was a rental for allow you to use those forms.
Friday
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Friday
Did you already submit your return? If it has already been transmitted, you will need to file an amended return after the original is fully processed. You cannot undo the filing if you have alrea...
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Did you already submit your return? If it has already been transmitted, you will need to file an amended return after the original is fully processed. You cannot undo the filing if you have already electronically transmitted it.
If you have not filed it yet, you can go back and make changes. The IRS will start processing returns on Jan 26. If you need to amend, you should come back to TurboTax AFTER your return has been processed.
Friday
Waiting patiently is best. If you need the refund or feel too much time has passed, contact the taxpayer advocate service. Taxpayer Advocate | Internal Revenue Service or call 877-777-4778.
Friday
Since those forms aren't ready, and you can't delete them, my only suggestion is to clear and start over OR wait until the forms are available and delete them from your forms list at that time.
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Since those forms aren't ready, and you can't delete them, my only suggestion is to clear and start over OR wait until the forms are available and delete them from your forms list at that time.
HERE is a link with instructions to Clear and Start Over.
Friday
Box 20 on your W-2 form should list the name of the city for which your municipal taxes were withheld. You should enter the name of the applicable city.
Friday
When will you allow 1099-R info to be entered?
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Friday
Thank you for the quick reply. Considering that Irish Revenue have already taxed this lump-sum, I may not have to include it on my return if I'm reading Article 18 correctly: ARTICLE 18 Pensions...
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Thank you for the quick reply. Considering that Irish Revenue have already taxed this lump-sum, I may not have to include it on my return if I'm reading Article 18 correctly: ARTICLE 18 Pensions, Social Security, Annuities, Alimony and Child Support 1. a) Subject to the provisions or Article 19 (Government Service) pensions and other similar remuneration derived and beneficially owned by a resident of a Contracting State in consideration of past employment shall be taxable only in that State; and b) notwithstanding the provisions of Article 19, payments made by a Contracting State under provisions of the social security or similar legislation of that State to a resident of the other Contracting State shall be taxable only in that other State.
Friday
It might be that not all the forms in your return have been finalized yet. If you have Draft forms in your return, it would not allow you to finish your return.
Use this link to reference when ...
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It might be that not all the forms in your return have been finalized yet. If you have Draft forms in your return, it would not allow you to finish your return.
Use this link to reference when your tax forms will be available. You can search by TurboTax Product and for IRS and State-Specific Forms.
Friday
That is interesting thank you. I originally told my employer they should have included all tips in 7 though I didn't literally report all to them they should understand "as if" I had reported becaus...
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That is interesting thank you. I originally told my employer they should have included all tips in 7 though I didn't literally report all to them they should understand "as if" I had reported because the IRS assumes if the employer reported the tips for tax purposes they were reported by me to the employer. "Any tips you reported to your employer as required in the tax year are included in the wages shown in box 1 of your Form W-2. Add to the amount in box 1 only the tips you didn’t report to your employer." Unreported always means tips not included by employer in the 941 or W2 which haven't been subject to tax yet. The error seems to be with me for not reporting in writing before the 10th day of the following month. The reason the employer has liked to keep a separate accounting is they pay the credit card tips to me on a single paycheck lumped in with wages. I should provide a report of all tips but they will still still have to separate out which portion they owe me. I imagine we need to start doing it this way. I don't know if there is a tax difference between 7 and 3 but if not I wonder why 7 exists. As a record of reported tips I suppose but there could be non-cash tips included in 1 not in 7. Do we think TurboTax needs to make no correction on this question? 7 and 8 and 4137 (done correctly) will be a sufficient accounting of qualified tips? of course also with the questions the software does ask about whether the job qualifies, if performed legally, if anyone from the company tipped you. Perhaps not if only a portion of 7 was received in that portion of ones job description that qualifies as previously being part of a tipping industry. If a portion of 7 was given by an officer of the company I assume that portion should already not be in 7 as you pointed out mandatory tips should not.
Friday
I am in the state of KY where the ID is 6 digits and it's entered from my W2 correctly. The error only happens when I attempt to complete the state return.
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Friday
If you have not filed the 2025 tax return, just go back to the section of the program that needs to be corrected.
If you have e-filed the tax return, the IRS will not be accepting 2025 tax retu...
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If you have not filed the 2025 tax return, just go back to the section of the program that needs to be corrected.
If you have e-filed the tax return, the IRS will not be accepting 2025 tax returns until 01/26/2026.
Once a tax return has been filed it cannot be changed, canceled or retrieved
You will have to wait for the IRS to either Accept or Reject your filed federal tax return. If the return is rejected you can make the necessary changes and e-file again. If the return is accepted you will have to amend your original tax return. An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return.
Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
Friday
You have two issues. One, determining the correct basis for the rental house in PA. Two, determining capital gains. PA is decoupled from the federal for the capital gains portion, not the basis porti...
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You have two issues. One, determining the correct basis for the rental house in PA. Two, determining capital gains. PA is decoupled from the federal for the capital gains portion, not the basis portion.
For the first concern, while you never had $33 in taxable income and never filed a PA return, the PA law states that the PA tax basis must be reduced by allowable depreciation, even if not taken. This means, you will reduce the basis of your PA house to match your federal basis. See Cornell Law.
Secondly, capital gains. PA does not use the same rules as federal, that is correct. It is taxed at a flat 3.07% regardless of how long you held the property.
Friday
No, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay (generally, the “half” portion of “time-and-a-half” compensation) that is require...
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No, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay (generally, the “half” portion of “time-and-a-half” compensation) that is required by the Fair Labor Standards Act.
Overview of the deduction - No Tax On Overtime
Effective 2025 through 2028, individuals may deduct the portion of qualified overtime pay that exceeds their regular rate of pay (for example, the “half” portion of “time-and-a-half”).
Overtime must be reported on Form W-2, Form 1099, another statement furnished to the individual, or directly by the individual.
Maximum annual deduction is $12,500 ($25,000 for joint filers).
Phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).
Overtime Examples
Friday
Yes. But that is for the separate Business program, not the personal Home&Business. https://turbotax.intuit.com/small-business-taxes/cd-download/
Friday
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Friday
Additionally, it may SEEM like you paid twice, but didn't.
For example, if you exercised 10,000 in Stock and had 2,000 withheld for taxes, the income is still 10,000, not the 8,000 you received. ...
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Additionally, it may SEEM like you paid twice, but didn't.
For example, if you exercised 10,000 in Stock and had 2,000 withheld for taxes, the income is still 10,000, not the 8,000 you received.
You will still be liable for Federal Income Tax due on the full 10,000.
(It's as if they gave you 10,000 and you turned around and gave them 2,000 to pay federal tax in your name)
The tax withheld should have been listed on your W-2 or another tax form.
That should have been entered on your tax return to get the credit for tax paid.
Please review and speak with your employer's payroll department if you are unsure of how the tax was withheld and reported on your original return.
If you need to file an amended return, here is a link with the steps to do that in TurboTax.