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4 hours ago
I have found similar questions but not exact to my situation. In 2024 I made a 4th qtr state (SC) tax payment of $7000. I entered it in 2024 TT as a 4th quarter payment made on 1/15/2025. This rol...
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I have found similar questions but not exact to my situation. In 2024 I made a 4th qtr state (SC) tax payment of $7000. I entered it in 2024 TT as a 4th quarter payment made on 1/15/2025. This rolled up with my state withholdings to give a total taxes paid in for 2024 of $35,209 including the 4th qtr estimated payment. Due to an employer error I ended up with a large refund of $7902 paid in 2025. On the State and Local Income Tax Refund Worksheet Sch 1 Line 1 2025, in Part 1, line 1 it shows (b) the correct 2024 refund amount of $7902, it shows the correct Estimated Tax Paid after 12/31/2024 (c) of $7000, it shows Total Payments and Witholdings (e) of $35,209 which is correct and finally, it shows Refund Allocated to Column (C) in column (f) of $1571. I can't tie the $1571 number back to anything so I don't know how it is calculated. More importantly, the $1571 appears on line 3 as a portion of the refund allocated to tax paid after 12/31/2024 which flows to Sch A line 5a. It seems like I am double dipping on the credit. I don't understand why the Line 1 (c) " Estimated tax paid after 12/31/2024" is impacting 2025? Is there a credit due on $902 ($7902 refund - $7000 est. tax pmt) of real taxes paid in 2025 that were not itemized in 2024?
4 hours ago
what if i haven't received a SSA-1099 form? Looks like I need it to move forward. I have a cost of living adjustment notice
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4 hours ago
rejected code ind 181-01 how do i fix it
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4 hours ago
what if i haven't received a SSA-1099 form? Looks like I need it to move forward. I have a cost of living adjustment notice
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4 hours ago
The reason TurboTax checks Form 8949 by default is because most taxpayers that are required to mail Form 8453 are doing so due to summary sales reporting and need to mail Form 8949 with Form 8453 (co...
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The reason TurboTax checks Form 8949 by default is because most taxpayers that are required to mail Form 8453 are doing so due to summary sales reporting and need to mail Form 8949 with Form 8453 (cover page) with their transaction detail.
You're right; in your situation you wouldn't need to mail in either Form 8453 or Form 8949 with no summary reporting. This is the first I've heard of this issue, but I will report it.
@Nitabai
4 hours ago
Is your federal refund big enough to cover the federal and state fees plus the EXTRA $40 Refund Processing Service charge (45 in California)? https://ttlc.intuit.com/community/charges-and-fees/help/...
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Is your federal refund big enough to cover the federal and state fees plus the EXTRA $40 Refund Processing Service charge (45 in California)? https://ttlc.intuit.com/community/charges-and-fees/help/why-can-t-i-deduct-my-turbotax-fees-from-my-refund/00/25621 How to review your fees https://ttlc.intuit.com/community/charges-and-fees/help/how-do-i-review-my-fees-in-turbotax-online/00/26353
4 hours ago
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4 hours ago
@ahmadka2 you are not alone. I had the exact same behavior this evening. When on the "Great job getting through your federal taxes" page and AI summary on the right, I owed $1560 in federal taxes...
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@ahmadka2 you are not alone. I had the exact same behavior this evening. When on the "Great job getting through your federal taxes" page and AI summary on the right, I owed $1560 in federal taxes. When I clicked through the 'federal review' screen, taxes owed went up to $2,626. I had already inputted my income and deductions fully. I cannot explain it and now I'm frustrated because I don't know if it's right. To add, this is my second time through. I completely wiped and restarted. Now I wish I would have just clicked the 'Review' section and skip the State taxes section as I'm in Texas.
4 hours ago
How do I add the excess to Schedule 3, Part II, Line 11 when TurboTax won't let me use that form?
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4 hours ago
TT is showing $10,314 tax on $89,902 line 15 Taxable Income. The Federal tax tables show $120 lower tax amount of $10,194 for a married couple. How do I get TT to pull in the correct tax amount?
4 hours ago
Yes, TurboTax Community has credentialed tax experts that answer questions on Community. As well as technical staff, community volunteers, and other knowledgeable customers.
4 hours ago
I waited for 3 hours for her call :(
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4 hours ago
Payers TIN is right underneath the address on Form 1099-R.. Where do I enter a 1099-R?
4 hours ago
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4 hours ago
Super helpful, thanks. You mentioned Georgia having a state statute that deals with the Kiddie Tax. I am filing this return in Georgia. Are there any additional details that you can provide on th...
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Super helpful, thanks. You mentioned Georgia having a state statute that deals with the Kiddie Tax. I am filing this return in Georgia. Are there any additional details that you can provide on this?
4 hours ago
Yes, an inground pool is considered a permanent fixture and a capital improvement for tax purposes. You can add the installation cost to your home's cost basis, which will reduce any capital gains t...
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Yes, an inground pool is considered a permanent fixture and a capital improvement for tax purposes. You can add the installation cost to your home's cost basis, which will reduce any capital gains tax when you sell it. It doesn't provide tax deduction, but it increases your home's value for tax calculation purposes.
Please return to Community if you have any additional information or questions and we would be happy to help.
4 hours ago
I've added a patio, pool and solar panels to my home that I sold. How is this recorded in my taxes? The page gives me $ permanent improvements and Cost of home additions (materials and labor). How ...
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I've added a patio, pool and solar panels to my home that I sold. How is this recorded in my taxes? The page gives me $ permanent improvements and Cost of home additions (materials and labor). How do I record this?
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4 hours ago
I have the same issue. I spend almost 3 hours with turbotax support. Nothing they can do. They even tried to "explain" to me that offer is not valid, but I received about 15 emails with this offer,...
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I have the same issue. I spend almost 3 hours with turbotax support. Nothing they can do. They even tried to "explain" to me that offer is not valid, but I received about 15 emails with this offer, and the text says "valid until April 15" If I knew this will be a huge problem I'd install desktop version, like I used to do for many years... I don't understand why Intuit sent these emails if they evet their support has no idea what it is and can't help? So, if there is any solution, I'll appreciate to hear about it. Thanks
4 hours ago
In TurboTax Online, follow these steps:
Select My Info down the left side of the screen.
At the screen Here's an updated summary of your situation, click the down arrow to the right of th...
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In TurboTax Online, follow these steps:
Select My Info down the left side of the screen.
At the screen Here's an updated summary of your situation, click the down arrow to the right of the dependent.
Click the Delete button.
4 hours ago
Ordinary buisness income loss on K1 (1120) in excess of basis should be suspended (as shown on form 7203) but loss carries to schedule e and reduces tax liability in TT. How do I fix this?