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14 hours ago
If you are filing as head of household, then you do not need to include your spouses name or ITIN. Since you qualify as head of household, you also are considered single. Therefore, you can remove ...
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If you are filing as head of household, then you do not need to include your spouses name or ITIN. Since you qualify as head of household, you also are considered single. Therefore, you can remove your spouses information and e-file your return.
14 hours ago
Topics:
14 hours ago
In TurboTax Online, select My Info in the upper left hand corner of the screen.
Click the down arrow to the right of your name. Select Revisit.
At the screen Let's check for some other s...
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In TurboTax Online, select My Info in the upper left hand corner of the screen.
Click the down arrow to the right of your name. Select Revisit.
At the screen Let's check for some other situations, at the question Select your state of residence on December 31, 2025, enter Oregon.
In addition, your W-2, in box 15 should enter Oregon.
14 hours ago
Log into your account and sign up for "Full Service." If that person is available, you will get the option to request them again.
Open the link below to see how you can contact your expert:
...
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Log into your account and sign up for "Full Service." If that person is available, you will get the option to request them again.
Open the link below to see how you can contact your expert:
TurboTax Phone Number
14 hours ago
You have to reach out to your employer to obtain a copy of your form W-2.
14 hours ago
Hello! I have updated my software but I still do not see the Foster Care Tax credit available. How do I access this form? Sincerely, Sophie
14 hours ago
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14 hours ago
Please follow the instructions in this TurboTax Help article to access your 2024 tax return.
14 hours ago
Topics:
14 hours ago
You are correct: Generally, the IRS considers distributions from a US-based 401(k) or IRA to be US-source income. As a result, the foreign country is the one to issue you a tax credit depending on t...
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You are correct: Generally, the IRS considers distributions from a US-based 401(k) or IRA to be US-source income. As a result, the foreign country is the one to issue you a tax credit depending on their tax laws.
One saving clause is if the US has a tax treaty with your country of residence, it almost certainly contains a "Relief from Double Taxation" article.
How it works: Many treaties allow you to treat US-source income as foreign-source income for the specific purpose of claiming the Foreign Tax Credit.
The Form: On Form 1116, you select the category "Certain income re-sourced by treaty."
The Result: By "re-sourcing" the income, the IRS allows you to take the credit for the taxes you paid to your host country against the US tax you owe on that same distribution.
Your host country’s claim that they have the right to tax you is usually correct based on residency. Most tax treaties follow these general principles:
Pensions: Are often taxable only (or primarily) in the country where the recipient resides.
The "Saving Clause": The US always reserves the right to tax its citizens as if the treaty didn't exist. This is why you still owe the US.
However, if the treaty says the income is taxable in your country of residence, and the US also taxes you because of your citizenship, the US (not the host country) is usually the one required to provide the relief via the "re-sourcing" method mentioned above.
In retrospect, you may be able to file a Foreign Tax Credit on Form 1116 but depends on the tax treaty the US has with the country you reside in.
14 hours ago
In TurboTax Online Premium, you may view the depreciation calculation at the screen Depreciation Summary.
Follow these steps:
Down the left side of the screen, click on Federal.
Dow...
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In TurboTax Online Premium, you may view the depreciation calculation at the screen Depreciation Summary.
Follow these steps:
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & Income.
Click to the right of Rentals, Royalties and Farm.
Click to the right of Rental Properties and Royalties.
At the screen Your rentals and royalties summary, click the pencil to the right of the rental activity.
At the screen Here's XXX rental property info, scroll down to Assets, click the pencil to the right.
At the screen XXX depreciable assets, click Edit to the right of the rental property.
At the screen Tell Us More About This Rental Asset, click Continue.
Continue to the screen Depreciation summary.
14 hours ago
Even when you use TurboTax to download the form from the payer, you still have to go through the entry to confirm everything and answer follow-up questions. If you did not use other funds to not ...
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Even when you use TurboTax to download the form from the payer, you still have to go through the entry to confirm everything and answer follow-up questions. If you did not use other funds to not replace the amount withheld for taxes, that amount remained distributed and subject to tax. Only the portion actually deposited back into the account was rolled over. When entering the Forms 1099-R, make sure that you do not indicate the portion that was distributed in excess of the actual RMD as being any amount of RMD. The amount distributed in excess of the actual RMD is not an RMD.
15 hours ago
Try entering it without including the phone number and also without including any special characters, only letters or numbers. The Federal ID number and the income reported on the form are the more ...
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Try entering it without including the phone number and also without including any special characters, only letters or numbers. The Federal ID number and the income reported on the form are the more important entries, so if you have to slightly modify the payer name to get it accepted then don't be concerned.
15 hours ago
Thank you, While using TT Deluxe desktop I found the software only considered the income I "earned" throughout the year instead of the withdrawal in December. It applied the earnings across the e...
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Thank you, While using TT Deluxe desktop I found the software only considered the income I "earned" throughout the year instead of the withdrawal in December. It applied the earnings across the entire year in column d (1/1 to 12/31). I found no opportunity to tell the sw that earning were unevenly applied. This was also carried forward to Indiana 2210A where the penalty was applied. There was no column that considered income in the last quarter only. line 1 says "Indiana adjusted income for each period" but the periods were accumulated not separated into quarters. As a matter of fact, it added my received earnings as total income instead of the capital gains only. (It used AGI as the basis.)
15 hours ago
Doing taxes for my daughter and need to amend for dependents. After I input all changes, it tells me that I must mail the amended return. I helped various family members and have used all 5 Fed fil...
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Doing taxes for my daughter and need to amend for dependents. After I input all changes, it tells me that I must mail the amended return. I helped various family members and have used all 5 Fed filings. Could this be the problem? I bought another Turbotax copy, brought up the original file and updated it's status. The new copy also prevents me from doing an efile. Mailing the return is bad enough but, per Turbotax, then the IRS has to mail the check. Any solution here? Thank you.
15 hours ago
Since your parents can claim you on their return, it may be a problem on either return.
Your parents and you should both follow these steps.
If your return is rejected because of the 1095...
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Since your parents can claim you on their return, it may be a problem on either return.
Your parents and you should both follow these steps.
If your return is rejected because of the 1095-A: The IRS database thinks that you or a member of your household has, or has had a Marketplace policy.
You should Confirm that you and no one else got a 1095-A
You can use the phone number listed by state at
The Health Insurance Marketplace.
If you're sure you don't have a 1095-A you can use these steps to clear it.
Select Tax Tools
On the drop-down select Tools
There will be 2 green boxes
Select Topics Search
Type 1095-A
The question will come up Did you receive Form 1095-A for your health insurance plan?
Answer Yes
Continue to the form
Delete it using the trash can
Repeat the process
When you get to Did you receive Form 1095-A for your health insurance plan?
Answer No
15 hours ago
The Neighborhood Assistance Program FAQ states:
4. What are the tax credit requirements for an individual donation?
To be eligible for the 65% Virginia credit, you must contribute a mini...
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The Neighborhood Assistance Program FAQ states:
4. What are the tax credit requirements for an individual donation?
To be eligible for the 65% Virginia credit, you must contribute a minimum of $1,000. A donation between $500-$999 will be eligible for up to 50% credit. Gifts of merchandise, services or real estate are not eligible.
To receive tax credits for your donation, first contact the charitable organization and determine if it has any remaining tax credits to allocate to your gift. If tax credits are still available, along with your gift, fill out the Contribution Notification Form (CNF) and send it to the organization. The charity will facilitate the transfer of the tax credits to you. After submitting the paperwork the Department of Social Services will send you a tax credit certificate (this can take several weeks). At tax time, attach the certificate to your return.
The minimum donation by an individual must be at least $500*. The value of the tax credit is equal up to 65% of the donation.
In TurboTax, in the Virginia state income tax return, at the screen Neighborhood Assistance Act, report the credit.
15 hours ago
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15 hours ago
Which state are you in? You do not need to show that you had health insurance on your federal return and many states do not require health insurance coverage.
However, if you are in a state l...
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Which state are you in? You do not need to show that you had health insurance on your federal return and many states do not require health insurance coverage.
However, if you are in a state like MA or CA that does require health insurance, you will be asked during the interview questions if you had insurance coverage. There you can say you had coverage.
15 hours ago
Yes. There are TurboTax stores in Tallahassee, FL.
Please check this TurboTax page.