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You enter Form 1099-NEC in the Wages and Income section, then Other Common Income, then Income on Form 1099-NEC.
Click on Federal on the left side of the online program screen Click on Other Tax Situations Under Additional Tax Payments On Extra tax on early retirement withdrawals, click the start button
Situation with rounded off numbers:   Got a 1099-Q from NY 529 (Parent as recipient), as payments made to school by parent were withdrawn later from 529 account by parent. Box 1 Value: $25000 Box ... See more...
Situation with rounded off numbers:   Got a 1099-Q from NY 529 (Parent as recipient), as payments made to school by parent were withdrawn later from 529 account by parent. Box 1 Value: $25000 Box 2 Earnings: $4500 Box 3 Basis: $20500 Box 6 Check if the recipient is not the designated beneficiary = Checked   Got a 1098-T from University (Student's name) Box 1 Value: $24000 All other values blank   Student has no other income   Room & Board expenses (not included in 1098-T) = $2000 Other qualified expenses withdrawn from 529 (Laptop etc.) = $1000   So actually expenses for college clearly are more than 529 withdrawal.   When I answer the 1099-Q interview questions with Parent as recipient and student as beneficiary, and then go through 1098-T questions in expenses and add other expenses as above as well, it increases my federal liability by around $800.   Parents do not qualify for any other education credits as income is well over the threshold of $180000.   My question is why should I have any tax liability if all 529 withdrawals are for allowed expenses only?
The IRS issues most refunds within 21 days if filed electronically. 4–6 weeks if filed on paper, assuming that there's no delay and nothing is holding your return.  Even though the IRS has alread... See more...
The IRS issues most refunds within 21 days if filed electronically. 4–6 weeks if filed on paper, assuming that there's no delay and nothing is holding your return.  Even though the IRS has already sent the funds, the bank may take up to 5-business days to process and deposit into your account   You should track your refund directly from the IRS Website. These websites have the most accurate and up to date information.  Where's my Refund  
I understand. But how do I enter that when it asks the cost of each window? Just subtract half the discount from each of the 2 windows? Thank you
From working with Inuit support, it sounds like this is an unsupported/unimplemented feature in TurboTax online at any feature level.  So, what I have to do is: Switch to paper filing instead of e-... See more...
From working with Inuit support, it sounds like this is an unsupported/unimplemented feature in TurboTax online at any feature level.  So, what I have to do is: Switch to paper filing instead of e-filing. Download the 1040 and schedules. Manually transcribe the information from the Turbo Tax 1040 plus schedule 2 onto a 1040 plus schedule 2, updating the items that need to be updated. Complete the 5329 as needed. Submit the new 1040, schedule 2, and 5329 along with the other schedules. What a mess.
Not unless you pay for it.  Your daughter is paying for utilities on her home.  That's not deductible to her or you.   Also, you should be entering rental expenses as a percentage of the rented h... See more...
Not unless you pay for it.  Your daughter is paying for utilities on her home.  That's not deductible to her or you.   Also, you should be entering rental expenses as a percentage of the rented home.  At this point you said that you are deducting repair expenses.  You should be deducting expenses at the rate of the percentage of the house that is being rented by the roommate.  if she's using 50% of the house then 50% of all your expenses are deductible and so on.  The rest of the house is just a second home where your daughter lives.
The TurboTax formula is wrong!  Playing around with the formula, the more Military Time I add, the less my Return Money is.  I should get credit for the military time, NOT PAY MORE.  My phone number ... See more...
The TurboTax formula is wrong!  Playing around with the formula, the more Military Time I add, the less my Return Money is.  I should get credit for the military time, NOT PAY MORE.  My phone number is [phone number removed] if you want me to clarify.   
Thank you for confirming that. Unfortunately, TurboTax includes an NOL deduction with out limiting it to 80%.  I did not understand that I needed to calculate how much of the NOL deduction I could i... See more...
Thank you for confirming that. Unfortunately, TurboTax includes an NOL deduction with out limiting it to 80%.  I did not understand that I needed to calculate how much of the NOL deduction I could include, so I entered the entire amount.  Now I have to redo two years of past returns (and may have to pay someone else to do it) in order to correctly claim the NOL deduction correctly.
TurboTax does not receive any kind of tax refund, federal or state.   If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a... See more...
TurboTax does not receive any kind of tax refund, federal or state.   If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the $40 service charge deducted. The third party processor will deduct the TurboTax fees plus the $40 service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return. For the status of your tax refund you will need to contact the third party processor, Santa Barbara Tax Product Group, using their website - https://www.sbtpg.com/ Tax Products Group Contact Information - https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information Call 1-877-908-7228 Or email - TPG-CSsupport@greendotcorp.com
The costs should be what you actually ended up paying for the windows - not their list price. So you need to subtract the discount.
My tax forms have shown a completely different amount than what turbo tax has deposited into my account. As well as being charged twice for services. All the reps I’ve spoken with are rude, don’t know... See more...
My tax forms have shown a completely different amount than what turbo tax has deposited into my account. As well as being charged twice for services. All the reps I’ve spoken with are rude, don’t know what they are doing and have very loud noises in their background. Definitely going to be seeking a lawyer
If you a self-employed sole proprietor for your business and have not incorporated then you need complete the Schedule C which is included with your personal tax return. You need to amend the tax r... See more...
If you a self-employed sole proprietor for your business and have not incorporated then you need complete the Schedule C which is included with your personal tax return. You need to amend the tax return that you filed to add Schedule C.   See this for self-employed income - https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/01/26653?search-action-id=617583741422&search-result-uid=26653 See this for self-employed expenses - https://ttlc.intuit.com/community/self-employed/help/what-self-employed-expenses-can-i-deduct/01/25566?search-action-id=617583117703&search-result-uid=25566   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 12 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
You can connect with a TurboTax Live expert directly from your return and they can assist with helping to file your return and applicable education credits.   Go into the tax return. 1. Select ... See more...
You can connect with a TurboTax Live expert directly from your return and they can assist with helping to file your return and applicable education credits.   Go into the tax return. 1. Select Expert Help 2. Connect with Expert Help in the chat window to start a live session.    You’ll have the option to share your screen so the expert can review everything with you in real time. If you’re using the mobile app, you can access Expert Help there as well.     If you would like to upgrade to live expert review, you can do so using the steps in the appropriate links:   TurboTax Online Live Assisted Review TurboTax Desktop Live Tax Advice
Yes, you can contribute to both any given year but are limited. The IRS article How much salary can you defer if you're in more than one retirement plan? states: The amount of salary deferrals you ... See more...
Yes, you can contribute to both any given year but are limited. The IRS article How much salary can you defer if you're in more than one retirement plan? states: The amount of salary deferrals you can contribute to retirement plans is your individual limit each calendar year no matter how many plans you're in. This limit must be aggregated for these plan types: 401(k) 403(b) SIMPLE plans (SIMPLE IRA and SIMPLE 401(k) plans) SARSEP The article goes on to explain Contribution Limits and give examples like your situation.
Hello, I had new windows installed in 2025 and would like to claim them on my taxes. I have the original cost of each window and then there was a discount taken off the whole project at the end. Not... See more...
Hello, I had new windows installed in 2025 and would like to claim them on my taxes. I have the original cost of each window and then there was a discount taken off the whole project at the end. Not sure what to put for costs. Thanks!
My husband and I are both self-employed (in different fields).  We deduct the mileage on our cars.  Last year, we traded in my husband's car.  I primarily drive the new car; he primarily drives the c... See more...
My husband and I are both self-employed (in different fields).  We deduct the mileage on our cars.  Last year, we traded in my husband's car.  I primarily drive the new car; he primarily drives the car that I used to always drive.  However, we switched cars during the summer month and plan do that that in the foreseeable future (he needs the ventilated seats).   We kept track of our business miles driven on each car and which business those miles were specific to. These are our only two cars, and they are each available to us for personal use as well.   Should we be using this level of detail and specificity, or should we "assign" a car to each business?  He's putting about 30k - 35k miles on the cars, while I only put about 8k - 10k.