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for farm income, but i do not own the farm.
"Extensions form your computer must be printed and mailed." Are you saying that i can't get to an efile screen directly from my desktop the way I tried?
select "I earned exempt-interest dividends in more than one state", see example below   you only need to list states/territories that are exempt in your state (don't overlook Puerto Rico etc) and t... See more...
select "I earned exempt-interest dividends in more than one state", see example below   you only need to list states/territories that are exempt in your state (don't overlook Puerto Rico etc) and the balance of Box as "Multiple States".  check the outcome on your state taxes but beware the following bug https://ttlc.intuit.com/community/taxes/discussion/re-virginia-state-income-tax-interest-from-other-states/01/3864563#M1437074  
If you filed your tax return somewhere else and just want to clear your information, use the Clear and Start Over function.      To do so, while logged into your return: On the left hand sid... See more...
If you filed your tax return somewhere else and just want to clear your information, use the Clear and Start Over function.      To do so, while logged into your return: On the left hand side of your screen, click on "Tax Tools" From the drop down menu, click on "Clear & Start Over" You will be asked whether or not you want to clear your return.  Clicking yes will erase your information.
No, if the Roth contribution was for the 529 Beneficiary, you don't report this in your tax return.  You'll receive a Form 5498 documenting the tax-free rollover for your records.  Unless you had a n... See more...
No, if the Roth contribution was for the 529 Beneficiary, you don't report this in your tax return.  You'll receive a Form 5498 documenting the tax-free rollover for your records.  Unless you had a non-qualified distribution with taxable earnings on Form 1099-Q, you don't need to enter it in TurboTax.  Save it for your records also.   Here's more info on Form 1099-Q and from IRS Pub. 970  regarding rollovers.   @sseb1 
I did a mock return for Colorado and got the addition of the municipal bond interest to show up.   First, check your 1099-DIV entry for the municipal bond interest:   In the Income section... See more...
I did a mock return for Colorado and got the addition of the municipal bond interest to show up.   First, check your 1099-DIV entry for the municipal bond interest:   In the Income section, click on update for Dividends on 1099-DIV On the 1099-DIV reporting the municipal bond interest, click Edit On the "Let's get your info from your 1099-DIV", check that you have an entry in box 12 for Exempt-interest dividends.  Click Continue once that entry is verified. Click Continue on the "uncommon situations" page On the "Tell us more about your exempt-interest dividends", click whether you earned dividends in a single state or multiple states.  If multiple states, select Colorado and enter the exempt-interest amount for Colorado.  In the next box you can allocate the remaining interest to Multiple States - the sum of the two values should be equal to the Box 12 amount. Once you finalize your Colorado return, the amount of the Multiple State interest will appear on line 3a, 3c and 3f on the Other Modifications to Federal Taxable Income Worksheet.  The amount will get carried over to line 9 on Colorado Form 104 as an addition to income.
It depends. If you can itemize your deductions you can use the automobile personal property taxes on your Schedule A. This is a tax that is based on the value of your vehicle each year. The standard ... See more...
It depends. If you can itemize your deductions you can use the automobile personal property taxes on your Schedule A. This is a tax that is based on the value of your vehicle each year. The standard deductions are listed below so that you can decide if you have enough expenses in the deductions to actually use them. If you're not sure you should enter all allowable expenses such as: Mortgage interest and real estate taxes Sales Tax or State and Local Income Tax Charitable donations   For single taxpayers and married individuals filing separately, the standard deduction is $15,700 in 2025 For married couples filing jointly or a Qualified Surviving Spouse, the standard deduction  is $31,500, and For head of household, the standard deduction is $23,625   If you're at least 65 years old or blind, you can claim an additional deduction in 2025 of: $2,000 for single or Head of Household $1,600 for married or Qualified Surviving Spouse. If you're both 65 and blind, the additional deduction amount is doubled.    Furthermore, the "One, Big, Beautiful Bill Act" introduced a new, separate deduction for seniors:  An additional $6,000 deduction for individuals age 65 and older, or $12,000 for married couples if both spouses qualify. This new deduction is available to both itemizing and non-itemizing taxpayers, but it phases out for those with a modified adjusted gross income (MAGI) over $75,000 for single filers ($150,000 for joint filers). For more information, see What's my standard deduction for 2025? 
It should refer to my Retirement plan with Fidelity Investments.
I owned stock in an s corp that was located in Ohio. It was merged with another company that is based in Indiana. The payout was in stock and cash. The cash was noted as capital gain on my federal ta... See more...
I owned stock in an s corp that was located in Ohio. It was merged with another company that is based in Indiana. The payout was in stock and cash. The cash was noted as capital gain on my federal taxes. When I go to the state tax it carries over my adjusted income.  Do I need to enter in the capital gain again on the Ohio tax or is it already entered from my federal tax.  If I need to enter it, where do I do that on the Ohio tax. Thank you
I have a 529 with my daughter as a beneficiary, and my daughter also has her own 529 with herself as the beneficiary. In 2025, we withdrew enough from the 529 to exactly match all the educational exp... See more...
I have a 529 with my daughter as a beneficiary, and my daughter also has her own 529 with herself as the beneficiary. In 2025, we withdrew enough from the 529 to exactly match all the educational expenses, because there were reasons I thought we wouldn't want to claim the American Opportunity credit this year. However, now I do want to claim the credit, so I apportioned $4000 for the credit, which makes part of the $4000 taxable. My daughter will have to file taxes, but since she's our dependent and she has enough income, her marginal rate will be the same as ours (kiddie tax).  My question is about the allocation of the $4000 among the two 529s. Are we allowed to choose how it is allocated? For example, my daughter's 529 withdrawal has a lower percentage that is earnings, so if we could choose to allocate the entire $4000 to her withdrawal, we would overall pay less tax on it. However, I'm the one claiming the credit on my taxes. TurboTax (desktop) seems to be spreading the $4000 across the two 529s according to the percentages of the expenses that were paid from each source. If we are allowed to change it, how would I get TurboTax to make that change? Thank you!
You cannot deduct a home office expense unless you have profit.  If your net profit is $0, the home office deduction is not allowed.  This  means if you had income of $5,000 and spend $6,000 on suppl... See more...
You cannot deduct a home office expense unless you have profit.  If your net profit is $0, the home office deduction is not allowed.  This  means if you had income of $5,000 and spend $6,000 on supplies, advertising and vehicle expenses, there would be nothing left to deduct for the home office.  The home office cannot create a loss or add to the loss.     If however, you had income of $5,000 and you spent $4,000 on supplies, advertising and vehicle expenses, then you would be able to deduct up to $1,000 in home office expenses.    Other criteria include: Regularly and exclusively used for business NOTE: Even if you cannot claim this deduction this year due to a lack of net profit, you can carry it over to future years which means if you have a profit next year, you would be able to lower that profit with the carryforward from 2025 which would lower your tax liability.    The Home Office Deduction
For Pennsylvania, the IRS service center for Form 1040 without payment is:   Department of the Treasury  Internal Revenue Service  Kansas City, MO (This is the Region 2 service center fo... See more...
For Pennsylvania, the IRS service center for Form 1040 without payment is:   Department of the Treasury  Internal Revenue Service  Kansas City, MO (This is the Region 2 service center for PA.) In answer to your second question, Will You Owe Early Withdrawal Penalty or Tax on Gains When Correcting the Excess Contribution? If you are less than the mandatory retirement age of 59 1/2, you owe 10% tax on the earnings portion of the excess contributions.  You can avoid it if you qualify for an exception to the early withdrawal penalty.  Here is a IRS website that lists all the exceptions you may qualify for. When you view the list, look under the IRA column for each exception mentioned in the article.   If you don't qualify, then you owe 10% on the earnings of the excess contribution, since you mentioned you are below the mandatory retirement age.    
Please clarify. To what type of bill are you referring?    If you have a bill from the IRS dated March 17th, that would normally include any accrued interest and penalties up to that date. It may... See more...
Please clarify. To what type of bill are you referring?    If you have a bill from the IRS dated March 17th, that would normally include any accrued interest and penalties up to that date. It may not reflect any recent payments you made shortly before that date.   See this TurboTax tips article for more information about IRS payment plans.  
This payment is an estimated tax payment.   Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Onli... See more...
This payment is an estimated tax payment.   Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you paid by following these steps: Open your tax return Click on Federal in the left-hand column, then Deductions & Credits Navigate to the list of Deductions and Credits  Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right  Click on Start next to Estimated Tax Payments On the next page, click Start next to Federal estimated taxes for 2025 (form 1040ES)
worse than i thought...you cannot progress past the review unless you check that I do NOT want to direct debit the state tax payment.  But i do want to direct debit and all is set up to do that inclu... See more...
worse than i thought...you cannot progress past the review unless you check that I do NOT want to direct debit the state tax payment.  But i do want to direct debit and all is set up to do that including info for bank account.  So how do we efile now Intuit????
I'm using TurboTax Premier on a PC desktop. How to enter multiple states for tax-exempt dividends? There is a dropdown menu to select states, but only one can be selected. Thanks.
Question: I have travel and meals that could be added into start up costs as these were prior to the formation of the llc. But I see no way to add them into the start up costs since meals are at 50% ... See more...
Question: I have travel and meals that could be added into start up costs as these were prior to the formation of the llc. But I see no way to add them into the start up costs since meals are at 50% and travel would be mileage. Or do I just expense these?