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Sunday
Is there an amount in box 14? But no description or letters? Ask the employer what it’s for.
Sunday
Some of the forms are not ready yet. Based on what you said, it is possible the form for the EIC isn't ready, so it won't let you e-file until that form is finalized in the software.
Sunday
Print from where? Most W-2 have not been issued yet for 2025.
Sunday
Section 415(c)(1)(B): https://www.law.cornell.edu/uscode/text/26/415#c Retirement contributions for the self-employed individual are not permitted to be reported on Schedule C. Line 19 of Sched...
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Section 415(c)(1)(B): https://www.law.cornell.edu/uscode/text/26/415#c Retirement contributions for the self-employed individual are not permitted to be reported on Schedule C. Line 19 of Schedule C is only for employer contributions made to the accounts of non-owner employees. (Of course if you have non-owner employees other than a spouse, you are not permitted to have a solo 401(k), so in your case nothing is permitted to be included on Line 19.)
Sunday
Distributions should NOT be different. Why were they different? Does the operating agreement state that distributions are SUPPOSED to be the same?
Sunday
@GabiU - Any updates regarding a resolution for this issue? This is still an issue for the desktop version. Forms view shows "NOT DONE" for Form 8959 even though the form is completely filled ou...
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@GabiU - Any updates regarding a resolution for this issue? This is still an issue for the desktop version. Forms view shows "NOT DONE" for Form 8959 even though the form is completely filled out. And, the smart check in step-by-step is giving this error: "Form 8959: _ This form has not been approved for release at this time. You must obtain an update before you file your return in order to ensure that all the calculations are correct. To receive an update, select Check for Updates from the Online menu to connect to our web site." There are no new software updates available. When will this be fixed? Thanks.
Sunday
We have a LLC treated as S Corporation with 3 members. One of the members have a salary but also have distribution different than for the other 2 member ( not equally) since this member is the one t...
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We have a LLC treated as S Corporation with 3 members. One of the members have a salary but also have distribution different than for the other 2 member ( not equally) since this member is the one that fully works and makes possible the business. How can I enter a different distribution which is different than the % owned ? If I entered 33.33 % in the % ownership anything paid as distribution is divided equally between the 3 members which is not the case.
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Sunday
2025 turbotax online does not recognize 2024 Mac tax return
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Sunday
1 Cheer
I experienced the exact same problem and when I signed up for the email I got a response back moments later the form 3903 is now available. Turbo Tax needs to get their "TaxAct" together. 🤔🤣🤣 I r...
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I experienced the exact same problem and when I signed up for the email I got a response back moments later the form 3903 is now available. Turbo Tax needs to get their "TaxAct" together. 🤔🤣🤣 I read in another post that a moderator mentioned (hearsay) January 21st as a release date for the update that will fix 1099-R I'm interested to see if I'll have to pull the information from my 2024 return a second time because it's not there currently at least visibly. The first available date to file is January 26.
Sunday
You'll pay 3.8% tax on your investment income over $200k. Your long-term capital gains tax rate will be capped at 15% until your taxable income exceeds $533,400. You do get the Section 121 $2...
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You'll pay 3.8% tax on your investment income over $200k. Your long-term capital gains tax rate will be capped at 15% until your taxable income exceeds $533,400. You do get the Section 121 $250k home sale exclusion of course.
Sunday
when i try to do the instantly with turbotax advance and it takes me to log in through credit krama it keeps taking me back to logging back in
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Sunday
I am a travel nurse with the following scenario: 2025 January - September 2nd I work full time in DC, and lived in VA September 5th - October 19 - Moved back home to NH, where my bank is still ...
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I am a travel nurse with the following scenario: 2025 January - September 2nd I work full time in DC, and lived in VA September 5th - October 19 - Moved back home to NH, where my bank is still located and driver's license October 20- December 31 - Travel nurse in San Diego, maintained NH license, bank and kept my NH residence for all CA documents (had to list primary since I gave up VA apartment). Is this too complicated for me to do on Turbo tax? Would I claim FT in VA, PT in CA? OR no residency in CA as I'm a travel nurse, but did pay some CA taxes. Is turbo tax sophisticated enough to walk me through it all? TY
Sunday
1 Cheer
I already bought turbo tax for 2025 but given that they dropped the charitable deduction tool (ItsDeductable) I will not be purchasing turbo tax ever again. Stupid move on their part, I can just fil...
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I already bought turbo tax for 2025 but given that they dropped the charitable deduction tool (ItsDeductable) I will not be purchasing turbo tax ever again. Stupid move on their part, I can just fill out the forms myself for no cost. The presence of ItsDeductable was a primary reason I used turbo tax.
Sunday
How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up wi...
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How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/
Sunday
Client since 2008. This year when I try to log in Intuit says they have no account with my email or phone. I created another account and tried to activate my 2024 software but Intuit says that the ac...
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Client since 2008. This year when I try to log in Intuit says they have no account with my email or phone. I created another account and tried to activate my 2024 software but Intuit says that the activation code belongs to 'another account'. Now I can't use the software at all. How can I reconcile my current account with my old one that Intuit says doesn't exist? I may have to call Intuit because I can't find any help online. Dan Viau
Sunday
Sorry, Online is only for 2025 now. Online for 2024 and prior is closed now so you can not start a new 2024 or prior return or finish one. You have to do each year separately How to prepare a prio...
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Sorry, Online is only for 2025 now. Online for 2024 and prior is closed now so you can not start a new 2024 or prior return or finish one. You have to do each year separately How to prepare a prior year return https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-prepare-a-prior-year-tax-return/00/25984 To do a prior year return you have to buy the Desktop program here, https://turbotax.intuit.com/personal-taxes/past-years-products You will need Windows 10 or Mac Ventura 13 to install it on. If you can't install the Desktop program or if you have a simple return and want to file for free, you can fill out the blank IRS forms by hand. Here are some basic forms….. Here is the IRS 2024 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2024.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2024.pdf And 2024 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2024.pdf Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2024.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2024.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2024.pdf Then when you do file 2025 enter 0 for the 2024 AGI since you are filing 2024 late. You have to print and mail prior year returns. When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS received the return. Don’t forget state.
Sunday
How do I file for tax year 2024 on turbo tax
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Sunday
Same with Windows, so Intuit has managed to fail to develop a product that works on ANY operating system.
Sunday
Thank you! If you happen to know what part of the tax code or IRS publication supports that correction, I'd appreciate that. (Otherwise, I'll figure it out myself!) Here's a variation that I am...
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Thank you! If you happen to know what part of the tax code or IRS publication supports that correction, I'd appreciate that. (Otherwise, I'll figure it out myself!) Here's a variation that I am also considering and would like feedback. What if I modify my $30,000 Schedule C net profit by including an expense on Schedule C Line 19 "Pension and profit plans" for $5,656, representing the Employer contribution for me personally, to my traditional solo 401(k)? Then my Schedule C net profit is reduced to $24,344. From that value, I compute SE tax and subtract half of it to get to $22,624 net earnings. I then designate all of that as an Employee deferral. That increases the total for these two contribution to $28,280, which is $399 higher than the total you give. Can I do it this way? (I am assuming that if this is allowed, it doesn't change that I can still give another $7,000 to my Roth IRA, but if that's wrong, please explain.) Thank you!