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2 hours ago
I'm really struggling to understand numbers in my 2025 1099-B form. Let me first provide data: Supplemental 1099-B My main question: what is the total income (from selling) I will be r...
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I'm really struggling to understand numbers in my 2025 1099-B form. Let me first provide data: Supplemental 1099-B My main question: what is the total income (from selling) I will be reporting to IRS and be taxed? 07/02/2025 is when everything was sold automatically due to my company being acquisitioned. As a result, the amount of money I got was around $20600. Where $26K/$27K comes from? Never had or received any interest or dividend. Never sold or invested myself. For example, sell date 01/21/2025 - definitely it's not me: So I would really like to understand math as well as avoid incorrect taxes....
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2 hours ago
1 Cheer
Enter 2 forms - whether you actually have forms or not. Where do I enter 1099-INT? Enter the interest from one bank and then add a second form to enter the interest from the second bank or fina...
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Enter 2 forms - whether you actually have forms or not. Where do I enter 1099-INT? Enter the interest from one bank and then add a second form to enter the interest from the second bank or financial institution.
Go to 1099-INT interest income screen under under Wages & Income
Select Yes on the screen Did you receive any investment income? then Continue.
If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue.
On the next screen, select how you want to enter your Form 1099-INT:
If you want to import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form.
If you want to upload a copy of your form or manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT.
2 hours ago
2 Cheers
@BB2019 @My processing date says the same I pray we all get great news this Friday with our DDD I am on path now as of Saturday. I love getting together with everyone on here it’s great to have a lon...
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@BB2019 @My processing date says the same I pray we all get great news this Friday with our DDD I am on path now as of Saturday. I love getting together with everyone on here it’s great to have a long distance family but yet and still we are so close on this app🫶🏾💙💙
2 hours ago
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of ...
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To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript
For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf
2 hours ago
1 Cheer
@nortonkd @You are so right I love living in a small town with less crime that’s why the place that I am moving to is small and low crime and the house that o got is actually right in town across the...
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@nortonkd @You are so right I love living in a small town with less crime that’s why the place that I am moving to is small and low crime and the house that o got is actually right in town across the field from the police department lol but it’s a great small town schools are great also because u had to check that out for my baby. I also prayed about everything and asked God if it was for me to move to help me find a place in a great area and i actually went and looked at the house before I was even offered the position because that’s how much faith I had in God🙌🏾.I pray we all get our DDD this Friday and get our money soon🙏🏾🙏🏾🙏🏾
2 hours ago
Reject Code FNRPY-
1645
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2 hours ago
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2 hours ago
1 Cheer
Q. Am I allowed to claim her as a dependent child for the last time, even though my support was minimal?
A. Yes, probably. You may have to run the support calculation.
There are two types o...
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Q. Am I allowed to claim her as a dependent child for the last time, even though my support was minimal?
A. Yes, probably. You may have to run the support calculation.
There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test.
The support test is different for each type. The support test, for a QC, is only that the child didn't provide more than half his own support. The support test for a Qualifying Relative is that the taxpayer provided more than half the relative's support.
A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:
He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled
He did not provide more than 1/2 his own support. Scholarships, including most stipends, are excluded from the support calculation
He lived with the parent (including temporary absences such as away at school) for more than half the year. The time at school is counted as living with you
So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on himself.
The support value of the home, provided by the parent, is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants
The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf
2 hours ago
Because there is no tax withholding on the From 1099-R, the details of your entry are not included in your filed tax return and this will be transparent to the IRS. This means that you could change ...
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Because there is no tax withholding on the From 1099-R, the details of your entry are not included in your filed tax return and this will be transparent to the IRS. This means that you could change the code to T when entering this form in TurboTax. Otherwise, this situation can only be handled in forms mode of the desktop version of TurboTax where it's necessary to mark the box labeled If box 7 code is J or T, check if qualified distribution. Step-by-step mode does not provide a way to mark this box. No matter what method you use to cause TurboTax to treat the distribution as a qualified distribution, you'll also likely need to include with your filed tax return an explanation statement and documentation (generally a letter from a physician) supporting your claim of disability. You can try to get Vanguard to change the code to T, but most financial institutions will decline to determine your disability status and will not change the code from code J.
2 hours ago
Correction: The green circle doesn't fill in on Federal.
2 hours ago
I don't see where
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2 hours ago
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2 hours ago
Based on your entries, there should be a zero (0) with "Rollover" indicated on your Form 1040 on Line 5b.
To determine whether you are being taxed, do the following:
Go to Tax Tools on th...
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Based on your entries, there should be a zero (0) with "Rollover" indicated on your Form 1040 on Line 5b.
To determine whether you are being taxed, do the following:
Go to Tax Tools on the left panel within TurboTax and click the down arrow, then scroll down
Select Tools, then View Tax Summary from the Tools Center box that appears
Click on Preview my 1040 on the left panel, in the 2025 TAXES section
Scroll down until you reach 5a Pensions, and annuities and 5b Taxable amount
If the amount is not zero (0), then review your entries again, or try deleting and re-entering Form 1099-R
If after reviewing, you do not find anything and would like me to take a deeper look at this, I will need a diagnostic file. A diagnostic file is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:
TurboTax Online:
Sign into your online account
Locate the Tax Tools on the left-hand side of the screen
A drop-down will appear, select Tools
On the pop-up screen, click on “Share my file with agent”
This will generate a message that a diagnostic file gets sanitized and transmitted to us
Please provide the Token Number that was generated in the response
TurboTax Desktop/Download Versions:
Open your return
Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us
Please provide the Token Number (including the dash) that was generated in the response
2 hours ago
Do you have the TurboTax software installed on the new computer? The software will need to be installed to open the file. How do I move my tax file to a new computer?
2 hours ago
I entered the document number on the back of my driver's license but Turbo Tax won't let me continue.
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2 hours ago
I am having the same problem as a couple other people here apparently. TurboTax website tells me my returns are complete and checked, I try to e-file, and it says Success for two seconds, then says ...
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I am having the same problem as a couple other people here apparently. TurboTax website tells me my returns are complete and checked, I try to e-file, and it says Success for two seconds, then says Your transmission didn't go through We could not e-file your return for the following reason: Tax Year 2025 transmissions are not available. I have checked everything over and over. I spent over two hours on the phone with your customer service, and it's still not working. The green circle doesn't fill in like the other ones so I think the problem is there, but I am not missing anything! I even manually retyped our W-2s and our daughter's 1098-T. I also cleared cache and cookies. Using desktop computer and latest Chrome.
2 hours ago
I was also charged at the end to file my state taxes. I purchased two codes and the first went smoothly but at the end of the second it charged me again. Is there a way to get that refunded?
2 hours ago
Thank you for the suggestions. I found an easier solution to my problems. I used H&R Block software and did not see this problem. eFiled on 1/26. Refund deposited 2/4.