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Friday
It appears that TurboTax considers income from being a Notary Public as not being earned income that will support an IRA contribution because a Notary Public is a public office. TurboTax not treatin...
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It appears that TurboTax considers income from being a Notary Public as not being earned income that will support an IRA contribution because a Notary Public is a public office. TurboTax not treating income from being a Notary Public as being income that will support an IRA contribution is the way that TurboTax has been implemented for many years. However, I'm not sure that TurboTax developers have interpreted 26 U.S. Code § 1402(c)(1) correctly: (c)Trade or business The term “trade or business”, when used with reference to self-employment income or net earnings from self-employment, shall have the same meaning as when used in section 162 (relating to trade or business expenses), except that such term shall not include— (1)the performance of the functions of a public office, other than the functions of a public office of a State or a political subdivision thereof with respect to fees received in any period in which the functions are performed in a position compensated solely on a fee basis and in which such functions are not covered under an agreement entered into by such State and the Commissioner of Social Security pursuant to section 218 of the Social Security Act; I think that: other than the functions of a public office of a State or a political subdivision thereof with respect to fees received in any period in which the functions are performed in a position compensated solely on a fee basis and in which such functions are not covered under an agreement entered into by such State and the Commissioner of Social Security pursuant to section 218 of the Social Security Act; describes a Notary Public. I have been unable to find any guidance on this subject from an authoritative source, in particular, nothing from the IRS.
Friday
Enter your W-2 exactly as it is. Box 4 is your social security tax. When you enter your W-2, you will see boxes 12 and 14 to enter the amounts along with a drop-down menu to select the description. ...
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Enter your W-2 exactly as it is. Box 4 is your social security tax. When you enter your W-2, you will see boxes 12 and 14 to enter the amounts along with a drop-down menu to select the description. Don't change anything or add amounts to other boxes. The information that your employer lists in box 14 of your W-2 doesn't affect your income tax return, but you should enter it when you are inputting your W-2 data. TurboTax provides you with a drop-down menu of codes you can choose for your W-2 Box 12 and 4 entries. If what’s in box 14 doesn't match a drop-down code, select Other for the code in box 14. For more information, please review the TurboTax article What is box 14 on my W2 for? and How do I fill out the box 12 information from my W-2?
Friday
This actually worked and was not obvious at all. THANKS!!
Friday
12 dd cost of employer-sponsored health insurance. It's not taxable. it is not reported in boxes 4 or 14
Friday
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Friday
i can't enter the information for my 1099-b. i don't how turbo got that
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Friday
Thank you so much for this info! I just got my letter from the IRS today since I purchased a Daikin AC last year. Compiling everything now to respond to the IRS.
Friday
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Friday
What business tax? If you need to file Schedule C for self employment income you add it to your personal tax return. If you need to file a 1065 or 1120 or 1120-S corp you need the separate Business...
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What business tax? If you need to file Schedule C for self employment income you add it to your personal tax return. If you need to file a 1065 or 1120 or 1120-S corp you need the separate Business program in addition to a personal version. You can enter Schedule C for Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to Premium version. Or use any of the Desktop Download programs. Online Premium https://turbotax.intuit.com/personal-taxes/online/premium If you need Turbo Tax Business, not to be confused with the personal Home & Business version. Home & Business is just for personal returns that need schedule C for self employment. TT Business is not available to do online or on a Mac. You can buy the Windows Desktop program here, https://turbotax.intuit.com/small-business-taxes/cd-download You can have both a personal program and the Business program installed on the same computer at the same time.
Friday
I see now that I should have insisted that $8,002 be withdrawn in the first place. But, given what's already done, thank you for laying out my options.
Friday
Contact your employer's Payroll or Human Resources Department to request a duplicate W-2.
If you continue to have issues getting your W-2, you can contact the IRS to contact your employer to r...
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Contact your employer's Payroll or Human Resources Department to request a duplicate W-2.
If you continue to have issues getting your W-2, you can contact the IRS to contact your employer to request the missing W-2. Another option is to complete a substitute W-2 by filling out Form 4852 in TurboTax.
Refer to the IRS article What to do when a W-2 or Form 1099 is missing or incorrect for more information.
Refer to the TurboTax Help article What To Do If You Haven't Received a W-2.
Friday
Yes. You can log out and your return is automatically saved. Then log back into the same account and continue.
Friday
Just use one of your computers with Windows 11 to do his tax return. Why did you install Turbo Tax on 5 computers? You can do unlimited returns in the Desktop program and efile 5 federal for fr...
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Just use one of your computers with Windows 11 to do his tax return. Why did you install Turbo Tax on 5 computers? You can do unlimited returns in the Desktop program and efile 5 federal for free. The rest you have to print and mail. Using it on more than 1 computer won't get you anymore efiles.
Friday
I think H&R does offer this functionality. How to Use DeductionPro | H&R Block It's called DeductionPro. Not sure how it works as I am not an H&R user, but next year I will be.
Friday
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There is section that you select that says State estimated taxes for 2025. That is where you enter your estimated tax payments that you made for your Ohio estimated tax payments.
Friday
1 Cheer
You enter state estimated payments on the federal side. One reason is because they can be a federal deduction if you itemize. In fact you enter most everything under the federal side and it will fl...
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You enter state estimated payments on the federal side. One reason is because they can be a federal deduction if you itemize. In fact you enter most everything under the federal side and it will flow to the state.
Friday
For navigation instructions, refer to the TurboTax article Can I deduct medical expenses.
Review the TurboTax articles: The Ultimate Medical Expense Deductions Checklist and Are Medical Expense...
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For navigation instructions, refer to the TurboTax article Can I deduct medical expenses.
Review the TurboTax articles: The Ultimate Medical Expense Deductions Checklist and Are Medical Expenses Tax Deductible? for more information about medical expense deductions.