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these are from the instruction so sometimes the form must be filed even if the AMT tax is zero. see if any apply.  I wouldn't worry even if not required. Who Must File Attach Form 6251 to your r... See more...
these are from the instruction so sometimes the form must be filed even if the AMT tax is zero. see if any apply.  I wouldn't worry even if not required. Who Must File Attach Form 6251 to your return if any of the following statements are true. 1. Form 6251, line 7, is greater than line 10. 2. You claim any general business credit, and either line 6 (in Part I) of Form 3800 or line 25 of Form 3800 is more than zero. 3. You claim the qualified electric vehicle credit (Form 8834), the personal-use part of the alternative fuel vehicle refueling property credit (Form 8911), or the credit for prior year minimum tax (Form 8801). 4. The total of Form 6251, lines 2c through 3, is negative and line 7 would be greater than line 10 if you didn’t take into account lines 2c through 3
Hello, this is in regard to the 2023 tax year. I am a US citizen who worked part of the year (approx 6 months) in Spain as part of the Spanish government's NALCAP program. I reported the living expen... See more...
Hello, this is in regard to the 2023 tax year. I am a US citizen who worked part of the year (approx 6 months) in Spain as part of the Spanish government's NALCAP program. I reported the living expense stipend amount (equal to approx $3300 total over the period of time I worked there) on our Schedule 1 form as "other income." We are married filing jointly, and my husband has a substantial income from his employment with a hospital. We've now received a letter from the IRS saying that the amount on line 8z (the $3300), appears to be subject to self-employment tax. Does this sound right? Was I "self-employed" during this period of cultural exchange/language assistance in Spain? If so, how should I calculate that? Many thanks!
always save a pdf of each year's returns. best is to save a copy on your personal computer and a second copy on a removable drive. Many threads on this forum about drives going bad making the returns... See more...
always save a pdf of each year's returns. best is to save a copy on your personal computer and a second copy on a removable drive. Many threads on this forum about drives going bad making the returns unrecoverable so having a copy on a second drive is advisable.  Another reason is that Turbotax only supports the current and 3 prior years tax files.  After the filing season officially ends for a year, shortly after it ceases support for the 3rd prior year. After that the 3rd prior year tax file can no longer be open
A 1099-NEC is used to pay an independent contractor.  This might be appropriate if you bartended a wedding as a side gig, whether or not it is you usual job.  However, if you worked in a bar at a fix... See more...
A 1099-NEC is used to pay an independent contractor.  This might be appropriate if you bartended a wedding as a side gig, whether or not it is you usual job.  However, if you worked in a bar at a fixed location according to their schedule and rules, you were probably an employee and they are paying you incorrectly (and cheating you out of taxes and benefits) by giving you a 1099 instead of paying you by regular paycheck with a W-2.  There is more information here, including how to file your taxes if you think you were misclassified.  https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee
The IRS will never call you.  I suspect the phone number is used by Turbotax but not the IRS.  Also, the address on your tax return should be where you can receive any notices or tax-related mail fro... See more...
The IRS will never call you.  I suspect the phone number is used by Turbotax but not the IRS.  Also, the address on your tax return should be where you can receive any notices or tax-related mail from the IRS.  It does not have to be where you are domiciled.  For example, you might use the overseas address where you live most of the time, or you might use the address of a trusted friend or relative in the US.  
For education, In TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: --Education   --Education Expenses and Scholarships (1098-T) ... See more...
For education, In TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: --Education   --Education Expenses and Scholarships (1098-T)    or   --Student Loan Interest paid (form 1098-E)   For mortgage interest, in TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: -Your Home  -Mortgage Interest & refinancing (form 1098)
Couple things..... 1.  You need to first find out if she still qualifies as your dependent, even if you don't claim her.  You might not have a choice.  Even if you don't claim her, she might have to... See more...
Couple things..... 1.  You need to first find out if she still qualifies as your dependent, even if you don't claim her.  You might not have a choice.  Even if you don't claim her, she might have to file her return and check the box that says she can be claimed on someone else's return.  How old is she?  Is she a full time college student?     2.  What exactly happened?  In what order?  Were both the returns efiled and both Accepted?  Or did 1 return reject?  Yours or hers?  You only need to amend the return that was filed.  Not the one that rejected.  Why do you need to amend both?   Did she try to claim  herself and it was rejected?  
See publication 523 for a discussion of which costs do and don't adjust your basis.  Most importantly, there is a difference between improvements (which do adjust basis) and repairs and maintenance (... See more...
See publication 523 for a discussion of which costs do and don't adjust your basis.  Most importantly, there is a difference between improvements (which do adjust basis) and repairs and maintenance (which do not). https://www.irs.gov/forms-pubs/about-publication-523  
The cost of improvements made in order to add value to your second home is added to your cost basis which decreases your capital gain when you sell. 
Already answered in your other thread. https://ttlc.intuit.com/community/after-you-file/discussion/amending-2024-tax-return/00/3697127  
if not - should I amend this "useless" carryback to carry forward this amount (in this situation returns for 2 year should be amended)?
Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process returns... See more...
Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process returns quickly and some are very slow.   STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0  
"I wish to amend my return to remove my dependent daughter and claim her on her own return."   To be clear---you already filed a tax return and claimed your daughter as a dependent and now you wa... See more...
"I wish to amend my return to remove my dependent daughter and claim her on her own return."   To be clear---you already filed a tax return and claimed your daughter as a dependent and now you want to amend and remove her as a dependent?    She will not be able to e-file if you already filed a return that used her Social Security number, so she will have to mail in her own return that says no one can claim her.  She does not have to wait for you to amend.   Another thing she can try that may work is to get a six digit IRS PIN and try to e-file: https://www.irs.gov/newsroom/irs-takes-steps-to-help-prevent-refund-delays-by-accepting-duplicate-dependent-returns-with-an-ip-pin-for-2025-filing-season-taxpayers-encouraged-to-sign-up-soon-for-ip-pin-online-account   https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin       When you amend your own return you will need to go to MY INFO to remove your daughter as a dependent.   Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)     See this TurboTax support FAQ for amending a tax return -   CURRENT YEAR https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk  
If you were paid, that is taxable income.  Did you get a 1099-MISC from the organization?  Did you report the income on your federal and state return?   If you made a donation, whether paid or un... See more...
If you were paid, that is taxable income.  Did you get a 1099-MISC from the organization?  Did you report the income on your federal and state return?   If you made a donation, whether paid or unpaid, you are not allowed to claim a deduction for a charitable contribution for the value of your plasma, due to certain IRS rulings that I can explain if needed.  You also can't take a deduction for medical expenses.   Is the state asking about a deduction you claimed, or income you failed to report?
The state of NJ is asking for proof of something I never claimed
  I wish to amend my return to remove my dependent daughter and claim her on her own return. Do I need to amend my return first and when accepted by IRS then amend the child's return ?
Are the improvements deductible from the capitol gains that I made when I sold the house. A second home.