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yesterday
how to find "amend a return"
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yesterday
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You must exit TurboTAx and restart. That did it for me. Really stupid problem for a Mac. Should have been fixed months ago!
yesterday
No, there has been no confirmed update indicating that the SALT fix has been rectified. If your software still shows the same behavior, it likely means the update has not been released, not that you ...
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No, there has been no confirmed update indicating that the SALT fix has been rectified. If your software still shows the same behavior, it likely means the update has not been released, not that you failed to refresh TurboTax Online.
The updates in TurboTax online will occur automatically, so you do not need to update them manually. Updates happen each Thursday so check back after next Thursday to see if the update has been made.
yesterday
Hi—could you please state whether this situation has changed since APRIL 2024? Will TurboTax allow us to file the rest of our return while mailing in Form 8621? Thanks
yesterday
You have to mark that it was rented. It's just a program, not your tax return.
You might need $1 of income, get everything filled out and then you can remove the $1 before filing.
yesterday
Can you use a previous version of It's Deductible?
yesterday
When you say Advantage Online version, I don’t know what that is. Did you download and install the Desktop program? Looks like it’s only for 1 return. When you do the other returns does a $60 b...
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When you say Advantage Online version, I don’t know what that is. Did you download and install the Desktop program? Looks like it’s only for 1 return. When you do the other returns does a $60 button to add it show up at the top that’s not on the first one? Desktop Advantage plan https://turbotax.intuit.com/personal-taxes/cd-download/advantage/
yesterday
You have to calculate the overtime premium to enter on your tax return. You can only enter the pay that is the half of the time an a half. So if you are paid $20/hour and get $30/hour for overtime pa...
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You have to calculate the overtime premium to enter on your tax return. You can only enter the pay that is the half of the time an a half. So if you are paid $20/hour and get $30/hour for overtime pay, only $10/hour is qualified overtime pay.
Whatever your paystub says for overtime pay, only 1/3 of that is qualified for the deduction.
In TurboTax Online, this is how you enter the qualified overtime premium:
After entering your form W-2, you'll see a screen titled Let's Check for Other Situations
Put a checkmark on Overtime and click Continue
Follow the TurboTax questionnaire to enter your qualified overtime premium
This deduction will transfer to Schedule 1-A of your form 1040, then to line 13b of your form 1040.
yesterday
Yes, please clarify the technical issues that you are experiencing.
yesterday
I have followed the instructions 5 or 6 times now it is not working. It does not show in my 1040 previous 4b as zero. There is an error in the instructions. How do i get help?
yesterday
It depends. If the house was not held out for rent, it is considered a second home or personal use property for that time before the sale and those carrying costs may go on Sch A (mortgage and taxe...
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It depends. If the house was not held out for rent, it is considered a second home or personal use property for that time before the sale and those carrying costs may go on Sch A (mortgage and taxes) while repairs and management fees would roll into the selling price. If the house was for rent or sale during the year, all the costs are deductible. The IRS prefers it on the Sch E but they can be added to the expense of selling. You need to go through the rental section in order to sell the property. Go to property profile and mark sold Go to assets and sell every item listed. You may need to mark $1 of income to get through the schedule. You can remove it before filing. Since you are in the Sch E, if you did in fact hold the house out for rent, enter it in the expenses. The IRS allows these carrying expenses as part of the sales price, if it was held out for rent. Any loss is rolled into calculating your taxable gain. All prior year suspended losses are used to reduce gain.
yesterday
I filed on my own first time last year using TurboTax for tax year 2024. An investment that went bankrupt in 2024 but Vanguard does not provide a 1099-B reporting that loss and I failed to include th...
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I filed on my own first time last year using TurboTax for tax year 2024. An investment that went bankrupt in 2024 but Vanguard does not provide a 1099-B reporting that loss and I failed to include that loss in my filing due to filing the return last minute. And hoping to fix the return later. That later is now. I found out I shouldn't file 2025 return until I fix that because the loss carries over and unless I fix 2024, then this 2025 return also will be in error. Can someone advise best way to fix a previous year's return using TurboTax online returns? Does filing an amendment incur new fees? I do have the cost basis for the loss. What is the best way to file the amendment using TurboTax and where (form or step) would I have to jump in, to begin this?
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yesterday
To add Schedule C after you’ve filed your tax return, follow the steps below:
Sign in to TurboTax
On the Tax Home screen, scroll down and select Your tax returns & documents
Choose th...
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To add Schedule C after you’ve filed your tax return, follow the steps below:
Sign in to TurboTax
On the Tax Home screen, scroll down and select Your tax returns & documents
Choose the tax year you wish to amend and select Amend (change) return
Answer the questions about your amendment
Select Add Schedule C
You’ll be able to add self-employment income and expenses
Update any other info in your return. Continue through the screens and TurboTax will guide you to file your amended return.
For more information, refer to the TurboTax article How do I amend Schedule C after I’ve filed my return?
Refer to the TurboTax articles: Amending Your Income Tax Return and How to Correct Federal Tax Returns for information on amending your tax return.
You can check the status of your amended tax return at Where’s My Amended Return? once it's filed.
yesterday
does TT have anyone to help with technical questions when you have trouble with the TT process.
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yesterday
If your rollover met all SECURE 2.0 Act requirements, it should not be taxed. If TurboTax is calculating a tax on your 529 converted to a Roth IRA, it is likely because you manually entered Form 1099...
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If your rollover met all SECURE 2.0 Act requirements, it should not be taxed. If TurboTax is calculating a tax on your 529 converted to a Roth IRA, it is likely because you manually entered Form 1099-Q into the software, or because the transfer did not meet the strict IRS criteria for a qualified rollover.
Here are the 2025 tax regulations that must be met for this rollover to be tax-free:
The 529 account must have been open for at least 15 years.
The beneficiary of the 529 account and the owner of the Roth IRA must be the exact same person.
The rolled-over funds (and any associated earnings) must have been in the 529 account for at least 5 years.
The beneficiary must have earned income in 2025 that is equal to or greater than the $7,000 converted.
The conversion must have been a direct trustee-to-trustee transfer.
The rollover cannot exceed the 2025 annual Roth IRA contribution limit ($7,000 if under age 50; $8,000 if 50 or older) and counts toward the $35,000 lifetime rollover limit per beneficiary.
If your conversion meets all of the requirement above, IRS Publication 970 says that this is a non-taxable event and should not be reported on your tax return. Entering the Form 1099-Q into TurboTax triggers the software to treat the earnings as a non-qualified, taxable distribution.
To stop the rollover from being taxed, you must delete the form in TurboTax:
Select Tax Tools from the left-hand menu.
Select Tools.
Select Delete a form in the pop-up window.
Locate Form 1099-Q on the list and select Delete next to it.
Confirm the deletion and select Continue with my return.
You must retain your Form 1099-Q and the Form 5498 you will receive from your Roth IRA custodian in your personal records in the event of an IRS inquiry.
yesterday
I am in CA and using Turbo Tax Advantage Online version. I am paying the state fee by credit card for all 5-efiles. This is my first efile and I am showing $0 fed filing fee; $20 filing State f...
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I am in CA and using Turbo Tax Advantage Online version. I am paying the state fee by credit card for all 5-efiles. This is my first efile and I am showing $0 fed filing fee; $20 filing State fee, and $0 audit defense. Question: will I get free audit defense for each of these 5 efiles?
yesterday
Found a post with a screenshot. You can check the box when you do the Federal Review. You will get a screen that says "Let's take a second look at your info".
yesterday
try https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US
yesterday
It depends. If you enter any state income in Box 7, TurboTax requires Boxes 5 and 6 to be complete, even if your real 1099‑NEC left them blank. Boxes 5–7 are connected on the IRS form, so TurboTax n...
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It depends. If you enter any state income in Box 7, TurboTax requires Boxes 5 and 6 to be complete, even if your real 1099‑NEC left them blank. Boxes 5–7 are connected on the IRS form, so TurboTax needs them to match before you can move forward.
The solution is to leave all the boxes blank. The state income amount in Box 7 is not required for your tax return unless there is state withholding. Since there isn't, leave them blank.