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Saturday
Only able to see w-2 on documents
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Saturday
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Saturday
can not open 2025 tax file
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Saturday
Little confused, as of right now just say I started to do w2 form from regular job which is pretty much done, if i have already done with regular w2 from an employer (retail) and do side gig as a hob...
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Little confused, as of right now just say I started to do w2 form from regular job which is pretty much done, if i have already done with regular w2 from an employer (retail) and do side gig as a hobby just to earn more money, still have to upgrade to premium? For me to be on the safe side, I also did pay self employed taxes and federal (10%)
Saturday
Thanks Mike. That confirms everything I’ve been researching, just needed to seek other resources just to be sure.
Saturday
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of ...
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To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
Saturday
Is this for 2024 or 2025 fees? If you had the fees deducted from your 2024 return but the IRS hasn't sent your refund yet then Turbo Tax will debit your bank account. The $40 might have been only t...
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Is this for 2024 or 2025 fees? If you had the fees deducted from your 2024 return but the IRS hasn't sent your refund yet then Turbo Tax will debit your bank account. The $40 might have been only the extra Pay with Refund service charge and the $90 is for the actual fees , federal and state.
Saturday
Need amount from line 37
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Saturday
1 Cheer
if you have a capital loss carryover (CLCO, meaning these were losses incurred in taxable accounts and not tax-deferred accounts like 401(k)s, IRAs, etc, you can offset current year taxable gains. If...
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if you have a capital loss carryover (CLCO, meaning these were losses incurred in taxable accounts and not tax-deferred accounts like 401(k)s, IRAs, etc, you can offset current year taxable gains. If you have more in the current year taxable gains than the loss carryforward, you will only pay taxes on the net, depending on other income and deductions. If the loss carryforward exceeds the current year capital gains, the excess up to $3,000 would be deductible (unless you are married filing separately, where the limit is $1500). Also any excess may not actually be used if your income is low enough (though the 1040 will show this)
a short-term capital loss carryover first offsets current year net short-term gains. Similarly, a long-term capital loss carryover first offsets current year net long-term gains
what happens next if one category is a loss and the other is a gain?. the loss offsets the gains.
Saturday
Actually, this link is very helpful about release dates I presume some of these forms will be released prior to the listed dates, but rather than repeatedly opening TT to expect some major update...
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Actually, this link is very helpful about release dates I presume some of these forms will be released prior to the listed dates, but rather than repeatedly opening TT to expect some major updates I been able to isolate a couple of dates. The first was Jan 7 and the next is Jan 14. I suspect that some updates might happen before the 14th, but waiting till Jan 7th was very helpful Opened TT and got a lot better interaction with step by step At this point, without those updates I've been directly using Forms entry Which is something I discovered on the boards here last year. Updates seemed late last year, and doing direct entry helped sort out where I stood for the year end.
Saturday
See this TurboTax support FAQ for how to import a Form 1099 - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import-1099s/L2hPcduMb_US_en_US
Saturday
Maybe you are waiting for some forms. Click Review to see if you are missing some forms needed in order to e-file.
Many federal and state forms are not yet available. Check here for form avai...
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Maybe you are waiting for some forms. Click Review to see if you are missing some forms needed in order to e-file.
Many federal and state forms are not yet available. Check here for form availability. The dates are subject to change.
Tax form availability tool
Be patient.
IF you e-file now, your return will go into “pending” until the IRS starts to accept/reject returns in late January. You cannot make any changes while the return is on the server. The IRS will start to accept/reject 2025 e-files on January 26. And….a state return cannot be accepted until after the IRS accepts your federal return.
Saturday
Sorry no. You will have to upgrade to Online Premium to enter self employment income and 1099K. Or use any of the Desktop programs. All the Desktop programs have the same forms but you get more h...
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Sorry no. You will have to upgrade to Online Premium to enter self employment income and 1099K. Or use any of the Desktop programs. All the Desktop programs have the same forms but you get more help in the higher versions, like Home&Business for self employment. How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653 Where to enter business expenses https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/01/27109 Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire. You do get to take off the 50% ER portion of the SE tax as an adjustment on 1040. The SE tax is already included in your tax due or reduced your refund. The SE tax is in addition to your regular income tax on the net profit. Here is some IRS reading material…… IRS information on Self Employment https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center IRS Guide to Business Expense Resources https://www.irs.gov/forms-pubs/guide-to-business-expense-resources Turbo Tax Self Employed Tax Hub https://turbotax.intuit.com/personal-taxes/self-employment-taxes Turbo Tax Self Employment info https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed/L2HLojrj5
Saturday
1 Cheer
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 ...
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2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out above certain incomes.
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
Saturday
When you use online TurboTax, every return needs its own account and user ID. If you use the same account for two returns, the second one overwrites the first one and the first one is lost forever. ...
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When you use online TurboTax, every return needs its own account and user ID. If you use the same account for two returns, the second one overwrites the first one and the first one is lost forever. With online, you get one return per fee.
TurboTax accounts cannot be moved, or combined. Sorry---you will need to start your son's return over in an account that is just for him. You can use the same email for up to five accounts, but your son needs his own account and user ID.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596
Saturday
For side gig as a hobby: play games online to get paid like its shown during commercial on TV. Still need to file it with deluxe due to self employed taxes while do have w2 regular part time job or ca...
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For side gig as a hobby: play games online to get paid like its shown during commercial on TV. Still need to file it with deluxe due to self employed taxes while do have w2 regular part time job or can it all be on basic edition do it yourself 1040ez?
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Saturday
No. Each account is only good for 1 return. So if you did yours and his returns in the same account the last one done will overwrite the first one. So you may have lost some returns. You will ha...
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No. Each account is only good for 1 return. So if you did yours and his returns in the same account the last one done will overwrite the first one. So you may have lost some returns. You will have to start a new account and leave your account for whoever's return is in it now. You can use the same email address for 5 accounts and returns. You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return https://turbotax.intuit.com/personal-taxes/compare/online Create your account screen Set up a new login for the second return Start working on the new return Or use the Desktop program. The Desktop program can do unlimited returns and efile 5 for free. And you can use any Desktop version, they all have the same forms. So you could use a lower version than you might need in the Online version.
Saturday
@shugu88 return of excess contribution: ---The rules are different for a contribution for this tax filing year, and a contribution for earlier years. In either case you must take out the excess c...
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@shugu88 return of excess contribution: ---The rules are different for a contribution for this tax filing year, and a contribution for earlier years. In either case you must take out the excess contribution. You didn't say what year. Assuming you made a contribution for 2025 ... ------- before tax filing date including extension: positive earnings allocable to the excess are distributed and included in income on 1040 Line 4b for the year of the contribution. negative earnings are ignored; in any case, for purposes of basis, consider the original contribution amount as returned. ["Include the earnings in income for the year in which you made the contributions, not the year in which you withdraw them."] You must have a) filed by tax day, or b) requested an extension of time to file by tax day to take advantage of the Oct 15 deadline. positive earnings removed are no longer penalized 10% if you are under age 59 1/2. (eliminated in 2023) Consult your custodian to obtain the correct removal form for "excess plus earnings". --- You can't resolve the excess contribution prior to the tax return due date without the custodian's help. your action generates a 1099-R and will be a problem next year if you do it yourself.
Saturday
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