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Saturday
Is this right for 2025 or do these limits interact with each other? Say I have $30K of net profit from schedule C. Subtracting half my SE tax, I get $27,881. Can I contribute all of these?: 1. Em...
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Is this right for 2025 or do these limits interact with each other? Say I have $30K of net profit from schedule C. Subtracting half my SE tax, I get $27,881. Can I contribute all of these?: 1. Employer contribution of 20% of $27,881, which is $5,576, to a traditional Solo 401(k). 2. Employee contribution/deferral of $23,500 to a Roth Solo 401(k). 3. Employee contribution of $7,000 to a Roth IRA. That totals $36,076. Assuming that I can find the cash, can I do all three of these? I created the 401(k)s months ago, so there is no issue with that.
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Saturday
how do i go forward filing my tax there is no tab
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Saturday
1099R is it. I guess they sent the email to early.
Saturday
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Saturday
Which forms do you need to enter? The 1099R is supposed to be ready Jan 21.
Saturday
The tax forms you need are now available. This is from email I received. I'm still unable to update my income.
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Saturday
2 Cheers
I have to agree with most of these posts. I have always been able to get reasonable estimates from the software in December and usually file within days of filing being opened. It is now 10 Jan and ...
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I have to agree with most of these posts. I have always been able to get reasonable estimates from the software in December and usually file within days of filing being opened. It is now 10 Jan and the software isn't even ready for income entries beyond Social Security. So I've been entering what I can. Yesterday it said state tax refund section is "Available Now". I entered that info and it doesn't carry it over and still says "Available Now" on the Deduction and Credit summary sheet. Charitable contributions are "Available Now" but same result. I even removed my download and reinstalled thinking it was maybe being glitchy. No luck. I saw the comment about "something" coming (what and when would certainly be nice to know) to handle other than cash donations but at the moment I'm looking at a number of hours vs minutes to enter that info without It's Deductible. I'll put that one under dumbest move ever. State income tax deduction section is "Available Now" but worthless since income can't be entered to provide the basis for the calculation so it can't calculate anything... I've always considered Turbotax to be a great product so cannot understand how it has become such a dumpster fire this year.
Saturday
Duplicate post.
Saturday
My understanding is that IRS is not yet accepting 2025 individual tax returns, if that is any consolation.
Saturday
1 Cheer
TurboTax lists the names of charities that were used in the previous year. We are expected to use the lis or modify it. If we modify it, it adds the additional entries to the previous list at the bot...
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TurboTax lists the names of charities that were used in the previous year. We are expected to use the lis or modify it. If we modify it, it adds the additional entries to the previous list at the bottom. Certainly TurboTax could alphabetize the entries, with a little effort. I have my own lis, alphabetized, of course; who would do otherwise? I am then comparing it to a (now random) list in TurboTax. This is ridiculous!
Saturday
I have been using It's Deductible within the desktop copy of TurboTax that I purchase each year.
Saturday
You can request your data. It make take several days. You can access your It’s Deductible data. Scroll down on this https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management...
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You can request your data. It make take several days. You can access your It’s Deductible data. Scroll down on this https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/access-manage-personal-data-intuit-account/L8nCbA0px_US_en_US
Saturday
1 Cheer
The programmers don't have the module ready for a basic form such as a 1099-R is downright shameful and maybe fraudulent. When I bought the software, I didn't see any warning that it couldn't be ful...
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The programmers don't have the module ready for a basic form such as a 1099-R is downright shameful and maybe fraudulent. When I bought the software, I didn't see any warning that it couldn't be fully used right away. They sure took my money, but I'm sitting here stuck, because Intuit hasn't done their homework.
Saturday
Also I lost my 2025 tax return (same problem) using TurboTax Premier desktop version. Is it recoverable?
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Saturday
The software is not yet ready for the entries for overtime--update scheduled for 1/14. Do you have your W-2?
Saturday
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Saturday
Many federal and state forms are not yet available. Check here for form availability. The dates are subject to change.
Tax form availability tool
Be patient.
IF you e-file now, ...
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Many federal and state forms are not yet available. Check here for form availability. The dates are subject to change.
Tax form availability tool
Be patient.
IF you e-file now, your return will go into “pending” until the IRS starts to accept/reject returns in late January. You cannot make any changes while the return is on the server. The IRS will start to accept/reject 2025 e-files on January 26. And….a state return cannot be accepted until after the IRS accepts your federal return.
Saturday
You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
...
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You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
Start a 2025 return online and enter some personal information so that the menu on the left opens up and lets you access your past year returns.
https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
Or did you use the desktop version of TurboTax? If so, the files are on your own hard drive or any backup device you used like a flash drive.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US
https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0
You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc
In order to transfer a past year return to the new return you need the tax file
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl
NOTE: TurboTax and the IRS save returns for seven years. Returns older than seven years are purged.