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8 hours ago
The senior deduction of $6,000 is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.
Married couples filing separately are not eligible for the senior...
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The senior deduction of $6,000 is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.
Married couples filing separately are not eligible for the senior deduction.
The senior additional deduction is not included in the standard deduction but appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.
In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.
But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.
To preview your form 1040 in TurboTax Online, follow these steps:
Open your return
In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
On the Tools Center page, click on View Tax Summary
In the left-hand column, click on Preview my 1040
Your form 1040 will display.
Scroll down to line 13b and you should see the amount of this deduction included in this line.
8 hours ago
1 Cheer
only the contribution is reportable back to 2025 on Form 8606, the conversion is reported in the calendar year it is performed so you will get a 1099-R next year and report the conversion for 2026. ...
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only the contribution is reportable back to 2025 on Form 8606, the conversion is reported in the calendar year it is performed so you will get a 1099-R next year and report the conversion for 2026. for 2025 you need to amend your return to report the contribution and the basis will carry over from 2025 Form 8606 Line 14 to 2026 Form 8606 Line 2. see https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US
8 hours ago
We used to be able to upload the *.csv file but they discontinued it this year, why? Now it's even more complicated. I spent nearly 3 hours trying to upload my cryptocurrenty files and nothing seems t...
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We used to be able to upload the *.csv file but they discontinued it this year, why? Now it's even more complicated. I spent nearly 3 hours trying to upload my cryptocurrenty files and nothing seems to work properly. It just shows my income as $350,000 even though I lost money. I think so then it makes me have to upgrade to Full Service, lol.
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8 hours ago
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8 hours ago
Plus, article 21(1) states: "A citizen of a Contracting State who is a resident of the other Contracting State shall not be subject in the other Contracting State to any taxation or any requirement...
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Plus, article 21(1) states: "A citizen of a Contracting State who is a resident of the other Contracting State shall not be subject in the other Contracting State to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which citizens of that other Contracting State in the same circumstances are or may be subjected. " Therefore, if contributions of US citizens to 401(k) plan are tax free my contributions to Polish retirement plan should also be not tax liable. In Poland there are two retirement plans - mandatory ("skladka emerytalna") and voluntary - PPK - contributions to both are coming from employee wages.
8 hours ago
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8 hours ago
I installed the desktop version of TurboTax 2025 Deluxe, and I'm also stuck in the initial captcha loop. How do I install updates on the initial Activation screen? I've been solving captchas for a ha...
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I installed the desktop version of TurboTax 2025 Deluxe, and I'm also stuck in the initial captcha loop. How do I install updates on the initial Activation screen? I've been solving captchas for a half an hour and I can't get TurboTax Desktop to activate. Since it seems to be unclear, this is the DESKTOP TURBOTAX 2025. I'm not logging in to the web site. I'm not using a web browser. I'm not using Chrome or Edge or Safari or Firefox. I downloaded the DESKTOP TURBOTAX 2025 and I'm trying to activate it. This is on an up-to-date version of Windows 11.
8 hours ago
If proceeds and cost basis are both 0 then you do not need to report it. Otherwise, you do.
8 hours ago
Who can I email or talk to about being overcharged? I paid 82.99 to Amazon, Then an additional 42.40 to TurboTax and then another 50.00 to TurboTa for doing my state taxes. At least one state tax sho...
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Who can I email or talk to about being overcharged? I paid 82.99 to Amazon, Then an additional 42.40 to TurboTax and then another 50.00 to TurboTa for doing my state taxes. At least one state tax should have been free. Any help is appreciated!
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8 hours ago
Its a CA Muni Bond [individual issue and not a bond fund] and other info listed are Acquisition Premium [Box 6] and Tax Exempt OID [Box 11].
8 hours ago
Your parents taxable CA income is $0. Enter $0.
Regarding your parents can claim you and live outside of CA:
If you are in CA for school purposes with your parents claiming you, you would be ...
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Your parents taxable CA income is $0. Enter $0.
Regarding your parents can claim you and live outside of CA:
If you are in CA for school purposes with your parents claiming you, you would be a resident of where your parents live and file a nonresident CA return.
If you actually did establish CA residency, voting, license, etc, then you are a CA resident.
8 hours ago
Are you in a state with no state income tax? Is there an entry in box 15? If you are in one of these states leave boxes 15 and 16 blank:
Alaska, Florida, Nevada, South Dakota, Tennessee, Texas,...
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Are you in a state with no state income tax? Is there an entry in box 15? If you are in one of these states leave boxes 15 and 16 blank:
Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming
8 hours ago
I had called Mass Department Of Revenue to find out if I needed a Tax return document and I was told NO if I don't itemize.
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8 hours ago
Yes, as a full-year resident of Kentucky, you are taxed on your entire net income (including capital gains and interest), even if that income was generated in Arkansas. However, you probably do n...
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Yes, as a full-year resident of Kentucky, you are taxed on your entire net income (including capital gains and interest), even if that income was generated in Arkansas. However, you probably do not need to file an Arkansas tax return if interest and capital gains from intangible assets (like stocks or a savings account) is your only connection to that state (unless it is tied to a business you operate in the state). Arkansas law (Rule 26-51-202) explicitly states that interest earned by a non-resident from an Arkansas bank account is not subject to Arkansas tax. Kentucky treats capital gains as ordinary income and taxes them at the flat rate of 4%. Enter all your 1099-INT (interest) and 1099-B (capital gains) forms first (on your Federal return). If your only Arkansas income was interest or stock gains, you can usually skip the Arkansas return entirely. If the program automatically adds it, look for the "Income Allocation" screen and make sure the Arkansas portion is $0. (Complete Non-resident tax return (AR... if required) before Kentucky. When you prepare your Kentucky return, it will automatically pull in all the income from your Federal return. Since you probably won't owe Arkansas any tax, you won't need to claim a "Credit for Taxes Paid to Another State." Note: If the capital gain came from selling real estate located in Arkansas (like a house or land), you would be required to file an Arkansas non-resident return (Form AR1000NR) and pay tax to Arkansas on that specific gain.
8 hours ago
If you have tax withheld in box 14 of your form 1099-R, then you can fill box 16 with the amount in box 2a. If box 2a is blank or 0, then fill box 16 with the amount in box 1.
8 hours ago
Yes, she must file a tax return. Even $400 of self-employment income requires you to file a return and pay self-employment tax for Social Security and Medicare. She still needs to say on her own ...
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Yes, she must file a tax return. Even $400 of self-employment income requires you to file a return and pay self-employment tax for Social Security and Medicare. She still needs to say on her own return that she can be claimed as someone else's dependent.
If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare, you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp
Or—-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
8 hours ago
A 1099-B form posts Ishares Ethereum (ETHA) on list of shares sold but no shares were sold as specified on the report itself.
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8 hours ago
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8 hours ago
Yes. Form 1099-NEC reports self-employment and she has to pay self-employment for net income over $400. You can still claim her as your dependent if she is under 24 and a full-time student. On he...
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Yes. Form 1099-NEC reports self-employment and she has to pay self-employment for net income over $400. You can still claim her as your dependent if she is under 24 and a full-time student. On her return, she has to mark that she can be claimed as a dependent by another taxpayer.
8 hours ago
I think you misunderstand. I am not just trying to change a worksheet for my own records. I need to change my 1040 and 6251 and several other forms, and thus need to amend my return. However, I ca...
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I think you misunderstand. I am not just trying to change a worksheet for my own records. I need to change my 1040 and 6251 and several other forms, and thus need to amend my return. However, I can't actually change any of those forms directly... I have to edit lines 14a and 14b in the Federal Carryover Worksheet, and those values will then propagate out to the forms like 1040 Schedule 1 and 6251 and so on. (That's true whether I am amending or not. ) The question I have now is whether I can just drop into Forms mode and edit that Federal Carryover Worksheet when amending a return, or whether I have to use the Update buttons in the Amend a Return interface?? (given there seems no Update button that would take me to that worksheet)