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4 hours ago
No. But the parents (or the student himself, if he is not a dependent) may count that money when they calculate the tuition credit on their return.
Although the general rule, in taxes, is that...
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No. But the parents (or the student himself, if he is not a dependent) may count that money when they calculate the tuition credit on their return.
Although the general rule, in taxes, is that you must be the one making the payment, to get the deduction or credit, there is an exception for education
4 hours ago
You can start any TurboTax Online product for free and only pay when you are ready to file.
If your return includes more complex items such as self-employment income (1099-NEC), stock sales, re...
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You can start any TurboTax Online product for free and only pay when you are ready to file.
If your return includes more complex items such as self-employment income (1099-NEC), stock sales, rental property, or itemized deductions, TurboTax will prompt you to upgrade to a paid version.
Requirements for TurboTax Free Edition
* You must have a simple Form 1040 return.
* You can't have any supplemental schedules (except for those required for EITC, CTC, student loan interest, or Schedule 1-A).
* You must not have income from a small business (1099-NEC), rental property, or stock sales.
* You must not itemize your deductions on Schedule A.
* You must have W-2 income, standard deduction, or limited interest/dividends that don't require Schedule B.
4 hours ago
I DID NOT USE AN EXPERT BUT NOW I'M BEING BILLED FOR EXPERT HELP WHEN I PREPARED MY TAXES BY MYSELF. IF I PAY FOR AN EXPERT I DID NOT USE OR CONTACT, I WILL NOT USE TURBO TAX AGAIN.
4 hours ago
See the article below for the steps to request a refund if you qualify.
How do I request a refund for my TurboTax product?
4 hours ago
In the community we do not have access to information about your account. You will have to call TurboTax Customer service. Here is a link: Turbo Tax Customer Service
4 hours ago
Can you give us some more information to clarify your situation?
Are you preparing your taxes yourself, or is a tax expert preparing them?
Have you started the FILE process?
Did you run th...
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Can you give us some more information to clarify your situation?
Are you preparing your taxes yourself, or is a tax expert preparing them?
Have you started the FILE process?
Did you run the include and clear all the errors?
Are you sure you've included the posting of all of your documents?
4 hours ago
Yes.
The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a...
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Yes.
The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income.
If you claim the tuition credit, you do need to report that you got one or that you qualify for an exception (the TurboTax interview will handle this)
You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T. In the 1098-T screen, click on the link "What if this is not what I paid the school" underneath box 1. You will then be able to enter the actual amounts paid. You will also reach a screen that allows you to adjust the scholarship amount for "amounts not awarded for 2025 expenses".
Or if you find it easier, just change the numbers in boxes 1& 5 to what your records show. The 1098-T that you enter in TT is not sent to the IRS.
4 hours ago
To log in, Go to myturbotax.intuit.com. Sign in using your User ID and Password.
Once you are on the Tax Home screen:
You should see a large button or link that says "Continue my return"...
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To log in, Go to myturbotax.intuit.com. Sign in using your User ID and Password.
Once you are on the Tax Home screen:
You should see a large button or link that says "Continue my return" or "Pick up where I left off."
If you don't see that, scroll down to the section labeled "Your tax returns & documents."
Select 2025, and then click "Continue" or "Add a State" (this is a common "hack" to force the software to reopen a return that it thinks is finished).
If you log in and the screen looks empty or asks you to start a "New" return, one of two things is happening:
Multiple Accounts: You might have more than one TurboTax account.
Use the Account Recovery tool to see if your return is tied to a different email address.
4 hours ago
If your refund is enough to cover TurboTax fees (plus the $40 processing fee), you can select the option to pay with your refund. Can I pay with my refund?
4 hours ago
Please follow the instructions in this TurboTax Help article to access a prior-year tax return,
4 hours ago
I NEVER CONTACTED AN EXPERT AND PREPARED MY TAXES BY MYSELF, SO WHY AM I PAYING FOR AN EXPERT.
4 hours ago
My return was rejected because my son filed already but did not check box allowing him to be a dependent. Can we use Turbo tax to amend this?
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4 hours ago
No, not this year. Employers will be required to include it next year but for this year you will need to use your last paycheck of the year.
4 hours ago
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4 hours ago
I need help with sending in my taxes..I think I have finished everything but I. Ant send it to you
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4 hours ago
You can do a Roth conversion whenever you like, as long as you have traditional IRA funds to convert. A nondeductible traditional IRA contribution simply adds you your basis and a distribution fr...
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You can do a Roth conversion whenever you like, as long as you have traditional IRA funds to convert. A nondeductible traditional IRA contribution simply adds you your basis and a distribution from a traditional IRA that is not rolled over to a traditional IRA consumes basis. Other than that, the Roth conversion is independent of the traditional IRA contribution. The confusion comes from the term "backdoor Roth" seeming to imply that these two transactions are more coupled than they actually are. When entering a traditional IRA contribution or a Roth conversion into TurboTax, each needs to be entered without regard to the other.
4 hours ago
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4 hours ago
TurboTax assumes that the tuition credit is being claimed (and it should be claimed, if you are eligible*).
One frequent problem, I've seen in this forum,, and it carries over from last year, ...
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TurboTax assumes that the tuition credit is being claimed (and it should be claimed, if you are eligible*).
One frequent problem, I've seen in this forum,, and it carries over from last year, is that TT has allocated $10,0000 of expenses to the tuition credit, instead of the more appropriate $4000 (or $0 if you are not claiming the credit). In the past, TT provided a screen titled “education expenses used for a tax credit”. It was usually prepopulated (often with $10K). You could change it for the amount you want to allocate to the ed credit. So far, this year, I haven't found that screen, even after recent updates.
If you don't get that screen, you can check the student information worksheet. You can manually change it there (line 18). Make the change in the first column, on the left. It was line 17 prior to 2025.
The 1099-Q is only an informational document. The numbers on it are not required to be entered onto your (or your student's) tax return. The interview is complicated and it's easy to make mistakes. Avoid it if you can and you probably can.
You can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records (you don’t need it). You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. You also cannot count expenses that were paid by tax free scholarships.
References:
On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."
IRS Pub 970 states: “Generally, distributions are tax free if they aren't more than the beneficiary's AQEE for the year. Don't report tax-free distributions (including qualifying rollovers) on your tax return”.
"IRS Publication 970, Tax Benefits for Education states: If the entire 1099-Q went to qualified expenses, room and board, tuition, etc; then, you do not need to enter the form."
*You can and usually should claim the tuition credit before claiming the 529 plan earnings exclusion (unless your income is too high). The American Opportunity Credit (AOC or AOTC) is 100% of the first $2000 of tuition and 25% of the next $2000 ($2500 maximum credit). The educational expenses he claims for the 1099-Q should be reduced by the amount of educational expenses you claim for the credit. Room and board (R&B) are also qualified expenses for the 529 distribution, but not the AOC (R&B are also not qualified expenses for a scholarship to be tax free).
4 hours ago
Duplicate payment refund?
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