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yesterday
@Ceyara1 You enter ONLY the first three characters....not the whole number __________________ FIRST...make sure you are using the right number ...depending on the license type...check the ...
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@Ceyara1 You enter ONLY the first three characters....not the whole number __________________ FIRST...make sure you are using the right number ...depending on the license type...check the following pictures provided by NY: Sample Photo Documents | NY DMV _________________ AND, it is not the DMV ID number
yesterday
The joint filing credit is generally based on earned income or income from earnings. The gaming income is not excluded based on OH Joint Filing Credit.
I recommend you contact support. I belie...
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The joint filing credit is generally based on earned income or income from earnings. The gaming income is not excluded based on OH Joint Filing Credit.
I recommend you contact support. I believe the program is excluding the income because it is not earned income - unless your husband is a professional gamer - but then there would be a sch C for the business income - that would pull over.
yesterday
Please do the HSA Reset (it can be used for the MSA Reset with a slight change).
HSA RESET
***Reset***
1. make a copy of your W-2(s) (if you don't have the paper copies)
2. delete you...
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Please do the HSA Reset (it can be used for the MSA Reset with a slight change).
HSA RESET
***Reset***
1. make a copy of your W-2(s) (if you don't have the paper copies)
2. delete your W-2(s) (use the garbage can icon next to the W-2(s) on the Income screen)
*** Desktop/Windows***
3. Go to the upper right and click on Forms, and
4. Select the desired form (1099-SA (if one), 8889-T (if one), 8889-S (if one), 8853-T and 8853-S (if one)). Note the Delete Form button at the bottom of the form’s screen.
*** Desktop/Mac***
3. Switch to Forms Mode by selecting the Forms icon.
4. From the menu, select the form (1099-SA (if one), 8889-T (if one), 8889-S (if one), 8853-T and 8853-S (if one)) you want to remove (if you don't see it, select Open Form at the top). From the Forms menu, select Remove [form name].
*** Online ***
3. go to Tax Tools (on the left), and navigate to Tools->Delete a form
4. delete form(s) 1099-SA (if one), 8889-T (if one), 8889-S (if one), 8853-T and 8853-S (if one)
5. go back and re-add your W-2(s), preferably adding them manually
6. go back and continue with your return.
yesterday
There are two separate transactions based on your facts:
There is the entity level transaction(s) which is reflected on your K-1. This information is input into TT as are all other applicable i...
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There are two separate transactions based on your facts:
There is the entity level transaction(s) which is reflected on your K-1. This information is input into TT as are all other applicable items on the K-1. Since there is no tax at the partnership level, these items are passed out to the partners and the tax implications are reflected on the form 1040.
Then there is the gain / loss at the partner level that needs to be addressed and those are the questions that you are most likely referring to and do not understand. This is the partners overall gain or loss on the investment in the partnership.
As a partner, you should be maintaining a tax basis schedule of your investment in the partnership
This begins with your capital investment and is adjusted annually for the applicable items on the K-1.
You need to update your tax basis schedule for the applicable items on your final K-1.
You then need to input into TT
Your proceeds distributed as a result of the "liquidation" of the partnership
Your tax basis (cost basis)
Any depreciation recapture that might recharacterize what would normally be capital gain into ordinary income.
yesterday
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yesterday
Awesome and Thanks!...Question though. TurboTax software is up to date with the Idaho Changes? It is quite a different change. Some of the line items in the REVISED Idaho Tax Program are quite dif...
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Awesome and Thanks!...Question though. TurboTax software is up to date with the Idaho Changes? It is quite a different change. Some of the line items in the REVISED Idaho Tax Program are quite different than when I originally filed. But I guess it is taken from the Federal Forms and a few more questions pertaining to Idaho. I just want to make sure it is good and I will file the amended Idaho Tax Return. I guess it is good since TurboTax guarantees its calculations....
yesterday
1 Cheer
"(Please stop me now if I'm making things worse)"
Yes, please STOP ;-).
That would seem to make sense, except that the only ways to fix an excess contribution that is beyond the original ...
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"(Please stop me now if I'm making things worse)"
Yes, please STOP ;-).
That would seem to make sense, except that the only ways to fix an excess contribution that is beyond the original due date (or extension, if you extend your return) is to take a distribution with a code of '1' (and pay the 20%) OR use it up in the next year if you still have HDHP coverage and have reduced your regular HSA contributions so that the original excess will fit under the limit as a "personal" contribution (line 2 on form 8889).
In other words, you don't link a 1099-SA with a code of '2' to any particular excess.
So don't make the $3,550 contribution for 2025, because it will just create more excess.
Go ahead and let the $1,450 carryover excess be used up in 2026 as a personal contribution (line 2 form 8889), and be done with it. Yes, you will have been penalized for withdrawing the extra $3,550 for 2025, but that's OK because that is what should have happened. You should have an excess of $1,450 carried over to 2026, but if you have have Family HDHP coverage for 2026 and you can fit the $1,450 under the contribution limit (which you should be able to if your employer sticks with the $5,000/year contribution), then the last excess of $1,450 will be used up, and you will be done with it.
yesterday
@guoxiaojin Is it still a problem? Are you sure you aren't actually using the Desktop software that is loaded on your computer?
yesterday
Editing my previous posts is a bad way to have a discussion, so I'm adding my edit as a reply. REPLY TO ANSWER ABOVE: First, many thanks for the help! I do enter the 1099-SA that I am prov...
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Editing my previous posts is a bad way to have a discussion, so I'm adding my edit as a reply. REPLY TO ANSWER ABOVE: First, many thanks for the help! I do enter the 1099-SA that I am provided by the host of my HSA. The Gross Distributions show 7426.26 and the summary shows that number as well. I never see anything about the $500.
yesterday
How do I go back to add mileage and depreciation to total expenses/
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yesterday
This worked for me this year after repeated attempts at transmitting and then searching for a solution to the "Error: 2" problem. After I ensured the security settings were the default, transmission...
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This worked for me this year after repeated attempts at transmitting and then searching for a solution to the "Error: 2" problem. After I ensured the security settings were the default, transmission went through without any problem.
yesterday
Man, TurboTax can be so frustrating trying to correct something you entered wrong. I spent 45 minutes just now trying to change a Trump account election. In TurboTax online, you have to go to the "Fi...
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Man, TurboTax can be so frustrating trying to correct something you entered wrong. I spent 45 minutes just now trying to change a Trump account election. In TurboTax online, you have to go to the "File" section and revisit the "Your refund info" section. I tried deleting the form and all that nonsense it didn't work. The search/Help doesn't help, and it says to go to the "File" section without telling you you need to click on the refund info section. I know it's late in the tax year but I hope this helps someone else.
yesterday
My issue is not with the wages. I am able to fill this adequately. My problem is with answering the various residency questions on the Maryland-NR form. Form 505 asks "Were you a resident of anothe...
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My issue is not with the wages. I am able to fill this adequately. My problem is with answering the various residency questions on the Maryland-NR form. Form 505 asks "Were you a resident of another state for the entire year of 2025?" and my answer to that is Yes. I was a resident of two states for the entire year (VA and TX), and never a resident of Maryland. But Turbotax automatically checks No, and I cannot change it. Form 505 also indicates that if you check No, you should add an explanation; but TT does not let me add an explanation either. I would be happy to do either: check "Yes" or "No" and explain residency in two other states (as the question is ambiguous anyway). Has anybody figured this out? I filled my profile residency questions correctly in TT.
yesterday
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yesterday
If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are...
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If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
yesterday
how do i report "dividends" from us t bill etfs held in brokerage. Brokerage classifies it as ordinary unqualified dividends which is ordinary income, which is fine from federal tax standpoint, but w...
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how do i report "dividends" from us t bill etfs held in brokerage. Brokerage classifies it as ordinary unqualified dividends which is ordinary income, which is fine from federal tax standpoint, but will cause state taxes to be incurred even though treasury interest is never taxed at state level.
yesterday
I filed them electronically.
yesterday
I am confused. I have filed extensions from the desktop version of TurboTax many times including this year. It was very straightforward.
yesterday
I have an account for myself and a custodial account for my son at our bank. I received a 1099-INT from the bank and on the form for box 1, it gives the total Interest for BOTH my account and my son'...
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I have an account for myself and a custodial account for my son at our bank. I received a 1099-INT from the bank and on the form for box 1, it gives the total Interest for BOTH my account and my son's account. On the bottom of the form, under Product Description, it breaks down the interest. One amount was my interest and the other amount was the interet for my son's account. How do I report this. If I simply report line 1 on my taxes, then I would be claiming my son's interest. He did not receive a 1099-INT from this bank and he does have other income so he does file his taxes. What is the proper way to report this? If I enter just my ammount in Box 1, it will not match what the bank sent to the IRS.
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