All Posts
yesterday
Yes. You can make the first year choice. If you are married, it is possible that you could choose to be treated as a Resident Alien for the entire year.
"Choosing Resident Alien Status If yo...
See more...
Yes. You can make the first year choice. If you are married, it is possible that you could choose to be treated as a Resident Alien for the entire year.
"Choosing Resident Alien Status If you are a dual-status alien, you can choose to be treated as a U.S. resident for the entire year if all of the following apply.
You were a nonresident alien at the beginning of the year.
You are a resident alien or U.S. citizen at the end of the year.
You are married to a U.S. citizen or resident alien at the end of the year.
Your spouse joins you in making the choice.
This includes situations in which both you and your spouse were nonresident aliens at the beginning of the tax year and both of you are resident aliens at the end of the tax year.
Note. If you are single at the end of the year, you cannot make this choice. If you make this choice, the following rules apply.
You and your spouse are treated as U.S. residents for the entire year for income tax purposes.
You and your spouse are taxed on worldwide income.
You and your spouse must file a joint return for the year of the choice.
Neither you nor your spouse can make this choice for any later tax year, even if you are separated, divorced, or remarried. The special instructions and restrictions for dual-status taxpayers in chapter 6 do not apply to you." Page 12 Pub 519
yesterday
Hi, could you re-confirm this answer for a similar issue with the 2025 1040 form? In 2025, I received a vacation payout that was deferred from 2023 until my voluntary termination in 2025. Federal ...
See more...
Hi, could you re-confirm this answer for a similar issue with the 2025 1040 form? In 2025, I received a vacation payout that was deferred from 2023 until my voluntary termination in 2025. Federal taxes were withheld in 2025, and the payout amount is included in both Box 1 and Box 11 of my 2025 W-2. When the vacation time was originally valued in 2023, my employer withheld FICA taxes. The 2025 payment was not "additional income," nor was it a pension payment or an annuity payment. I haven't filed my 2025 tax return yet but think the payment amount should remain in 1040 line 1a and that Schedule 1/line 8t do not apply to my situation. Does that sound correct? Neither answer option in the TurboTax Q&A for Box 11 ("Did you take money out of your non-qualified pension plan?" "Yes, I took this money out of my nonqualified or Sec 457 plan." "No, this is money I contributed to my nonqualified or Sec 457 plan.") fits my situation. It would be helpful to have another "No" answer option, or a different question, such as, "Did you receive a pension or annuity from a nonqualified deferred compensation plan or a nongovernmental section 457 plan that was reported in box 1 of Form W-2?"
yesterday
I had a gross distribution of a retirement account that lists the full amount as taxable on the 1099-R, and lists distribution code 1. On the federal return, I am asked if it was a rollover--which it...
See more...
I had a gross distribution of a retirement account that lists the full amount as taxable on the 1099-R, and lists distribution code 1. On the federal return, I am asked if it was a rollover--which it was--so I answered yes, and it was not taxed. When I get to the PA state return, it tells me that this gross distribution is taxable. Is it correct to just check the box that says "The entire amount of this distribution is not taxable in PA"? I reviewed the information on the federal side, and all fields are entered correctly.
yesterday
Error 102346 in TurboTax typically occurs when transferring or importing last year’s tax data, usually indicating an unsupported file format (like a PDF) or a corrupted file. To fix it, you must use ...
See more...
Error 102346 in TurboTax typically occurs when transferring or importing last year’s tax data, usually indicating an unsupported file format (like a PDF) or a corrupted file. To fix it, you must use the original .tax202x data file rather than a PDF, ensuring it is located in your Documents/TurboTax folder
yesterday
1 Cheer
Your description fits the case that there was a software update for Arizona that was applied when you reopened your return; however I cannot say that this is for sure the source of the issue. We in t...
See more...
Your description fits the case that there was a software update for Arizona that was applied when you reopened your return; however I cannot say that this is for sure the source of the issue. We in the Community do not have simple access to fixes applied to the software.
As for amending your just filed return, you need to wait until your return has been accepted (or mailed if paper-filing). Please see this TurboTax FAQ about amending your return.
Yes, TurboTax says that your amended Arizona state can be e-filed: "Can I e-file my amended state return?"
yesterday
Yes, its from Schwab. So just zero out Box 10 and added to Tax Exempt OID [Box 11]? The OID input sheet only goes up to Box 11, does not have a Box 13 and Box 8 is OID for US Treasury.
yesterday
Enter the K-1 exactly how it's recorded on the Form you received. Then report the sales in the investment income section as I described. In the final filing, let us know if there are any errors.
yesterday
I need information from my 2024 return that I cant find on the records
yesterday
To enter unemployment compensation
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work o...
See more...
To enter unemployment compensation
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Unemployment On Unemployment and Paid Family Leave, click the start or update button
yesterday
error code 102346 what does this mean
Topics:
yesterday
the community answered my question. best answer was to include the amt of the withheld tax in the est tax payments. That was not an option to select in the reply chain Thank you
yesterday
Topics:
yesterday
Topics:
yesterday
Thanks for your help! Have a great day!
yesterday
1 Cheer
The IRS wants you to pay taxes during the year as you earn the income. If you do not pay enough tax, you may have to pay a penalty for underpayment of estimated tax. Even if you are getting a...
See more...
The IRS wants you to pay taxes during the year as you earn the income. If you do not pay enough tax, you may have to pay a penalty for underpayment of estimated tax. Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. It is included in your tax due or reduces your refund.
yesterday
Just wanted to let anyone know if you enter your W2-G and then close out without entering your gambling losses in the next page that option will go away. I needed my wife to pull up our losses so I...
See more...
Just wanted to let anyone know if you enter your W2-G and then close out without entering your gambling losses in the next page that option will go away. I needed my wife to pull up our losses so I was going to enter it a later time but when I went back there was no way to enter the losses (unless you do on Schedule A). So I finally figured out I had to delete the W2-G and re-enter it to get the next page asking about gambling losses. I spent a lot of time trying to figure this out so hopefully this helps.
yesterday
Sounds like something got stuck. You can try these things:
Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu.
Clear Cache and Cookies: This removes old, ...
See more...
Sounds like something got stuck. You can try these things:
Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu.
Clear Cache and Cookies: This removes old, "corrupted" data that might be confusing the website.
Use an Incognito (Private) Window: This is the most effective "quick fix" because it launches the browser without any saved history or extensions (like AdBlockers) that often interfere with tax forms.
Check Pop-up Blockers: TurboTax often opens forms (like the 1099 PDF) or payment windows in a separate pop-up. Look at the right side of your address bar for a small icon with a "red X"—click it and select "Always allow pop-ups from Intuit."
Restart the Browser: Close all open windows of your browser entirely and then reopen it.
Most TurboTax errors happen because the browser is trying to use an old "session" from a previous visit. By clearing the cache or using Incognito mode, you force the browser to establish a brand-new, secure connection with the Intuit servers.
yesterday
1 Cheer
The token your provided shows that a business vehicle that you were using for this work experienced a loss when you sold it. This loss on the sale of the vehicle offsets the self-employed income on ...
See more...
The token your provided shows that a business vehicle that you were using for this work experienced a loss when you sold it. This loss on the sale of the vehicle offsets the self-employed income on Schedule C completely. Because of that, since a home office deduction can only be used to offset income from the business and there is no income to offset, then the home office deduction is not allowed.
A tip for you to consider: If you use actual expenses for your home office and the deduction is disallowed, those unused home office expenses can accumulate and be used to help offset future business profits. If you use the simplified method, any unused home office expense is lost forever. While it is more work to figure the actual expense deduction, it is frequently larger than the simplified deduction and has the ability to have the unused expenses carried over.
yesterday
I am at the final review, TT for Mac, and it is bring up a window about "Loan Forgiveness". In looking at the list of Federal Forms, the PPP Loan Statement has a red check, while the only data on the...
See more...
I am at the final review, TT for Mac, and it is bring up a window about "Loan Forgiveness". In looking at the list of Federal Forms, the PPP Loan Statement has a red check, while the only data on the form is Name, SS, etc, nothing involving PPP Loans is checked. I know nothing about PPP Loans, and just need to get rid of this error. How do I proceed?