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10 hours ago
why do i have to enter each 1099 when i have 25 1099s in my practice income
10 hours ago
Only the child under age 17 is eligible for the child tax credit (up to $2000 depending on your other income and taxes.). At age 17 and older, the children are eligible for a $500 dependent credit on...
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Only the child under age 17 is eligible for the child tax credit (up to $2000 depending on your other income and taxes.). At age 17 and older, the children are eligible for a $500 dependent credit only. Make sure you indicated the children lived with you all year, and make they are listed with their correct social security number and that you check the box that the SSN is "valid for work" even if they are not currently working.
10 hours ago
You should receive a form1099-NEC from the business which used your services, if you received more than $600 in 2025.
If you do not receive such form say, in a week's time, you should reach out...
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You should receive a form1099-NEC from the business which used your services, if you received more than $600 in 2025.
If you do not receive such form say, in a week's time, you should reach out to that business.
For more information, read this TurboTax Help article.
10 hours ago
1 Cheer
Follow these steps, since you were auto-enrolled and took a permissible withdrawal, it is a better position.
Since it technically is an excess deferral, the wages must be taxed on line 1h $147....
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Follow these steps, since you were auto-enrolled and took a permissible withdrawal, it is a better position.
Since it technically is an excess deferral, the wages must be taxed on line 1h $147.
The 1099-R must be entered but should not be taxed as income.
Leave box 2a blank so the program will ask about the taxable amount for box 2a.
Enter zero as the taxable amount
Keep a note for your records, in case the IRS asks: "Permissible withdrawal of auto-enrolled elective deferral under IRC 414(w). Income already reported as excess deferral on Line 1h."
The $1 loss - it is not for Sch 1 line 8z - no loss on corrective distribution allowed on 1040.
Code 2- reasonable- it says you should not have a 10% penalty but I understand it does not "feel" the best.
10 hours ago
How did this work out for you?
10 hours ago
I finally figured out after weeks of trying, what could cause this issue.. on my 1099, it was 6 digits but added the 000 and it finally let me file.
10 hours ago
Hi Monika: Just to be sure after reviewing my son's tax return shows his AGI as $3,126, which is basically his salary, interest, dividends, small annuity (cashed out his life insurance policy),10...
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Hi Monika: Just to be sure after reviewing my son's tax return shows his AGI as $3,126, which is basically his salary, interest, dividends, small annuity (cashed out his life insurance policy),1099 and capital loss. My confusion is you said his gross income was to be less than $5,250 do I qualify to take to take him as a dependent? I just want to sure. Thank you, Ray Gorman
10 hours ago
All three children paid less than 50% of their expenses.
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10 hours ago
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10 hours ago
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/filing/wheres-my...
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Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/filing/wheres-my-amended-return
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/need-amend-state-return/L3hGFyaPp_US_en_US?uid=mdxthciy
10 hours ago
You will just to keep waiting. If no activity after 16 weeks from the mailing date call the IRS.
IRS website for the status of amended returns - https://www.irs.gov/filing/wheres-my-amended-re...
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You will just to keep waiting. If no activity after 16 weeks from the mailing date call the IRS.
IRS website for the status of amended returns - https://www.irs.gov/filing/wheres-my-amended-return
10 hours ago
1 Cheer
This may be an alternative to try to release the pointer. It seems you've already restarted, likely numerous times.
Accessibility Check: Ensure Head Pointer is not enabled in System Settings > A...
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This may be an alternative to try to release the pointer. It seems you've already restarted, likely numerous times.
Accessibility Check: Ensure Head Pointer is not enabled in System Settings > Accessibility > Pointer Control, as this can cause the mouse to follow facial movements.
@wbthornton1
10 hours ago
Here is the best way to remove this annoying error. If using TurboTax online
On the left-side menu, select Tax Tools, then click Tools.
In the pop-up window, select Delete a form.
Look...
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Here is the best way to remove this annoying error. If using TurboTax online
On the left-side menu, select Tax Tools, then click Tools.
In the pop-up window, select Delete a form.
Look through the list for Form 2555 (it might be listed as 2555-T or 2555-S).
Click Delete next to it.
Also look for and delete any Form 2555 Worksheets. If a worksheet remains, the software will keep "remembering" you had foreign income.
log out or open your return to save your changes
log back in to see if that error is still there.
If using the desktop version.
Go to the Forms mode in your return.In the list on the left, look for Form 2555 (it may be labeled as Form 2555-T for taxpayer or Form 2555-S for spouse).
Click on the form name so it appears in the main window.
Click the Delete Form button located at the bottom of the screen.
Look for any 2555 Worksheets. Delete those as well. If you leave the worksheets, the software will keep regenerating the main form.
Close return and reopen to see if the error persists.
10 hours ago
To enter Car Loan Interest -
Click on Federal Taxes (Personal using Home & Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Cars and Other ...
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To enter Car Loan Interest -
Click on Federal Taxes (Personal using Home & Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Cars and Other Things You Own On Car Loan Interest, click on the start or update button
10 hours ago
I amended a tax return for 2024 because I forgot to include the 1098-t. I mailed my return over 3 weeks ago. When I check the status of the return on the IRS website, it looks like they have no infor...
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I amended a tax return for 2024 because I forgot to include the 1098-t. I mailed my return over 3 weeks ago. When I check the status of the return on the IRS website, it looks like they have no information for it yet. Should I be concerned or keep waiting. I mailed this amended return to Ogden, UT.
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10 hours ago
A server problem occurred while processing your e-file. Please try to e-file again and if that fails contact customer service.
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10 hours ago
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10 hours ago
Hello. Are there any updates on when the valuation tool will become available?
10 hours ago
New car built in US interest is deductible.
Where do I enter it in Turbo tax?
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10 hours ago
Different states have different criteria for employer ID numbers, and some accept more than one format. Check with your employer or your state's Department of Revenue if you are uncertain whether you...
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Different states have different criteria for employer ID numbers, and some accept more than one format. Check with your employer or your state's Department of Revenue if you are uncertain whether your W-2 has the correct format.
Kentucky state employer identification numbers for income tax withholding (Withholding Tax Account Number) generally consist of 6 or 9 digits (e.g., 999999 or 999999999). For electronic filing, it is often represented as a 9-digit string. Some unemployment accounts (KEIN) may appear as 9 digits, occasionally with a letter (e.g., 12 123456A 1).
The KY ID in box 15 where it states State employer ID is typically 6 digits for KY. But, there are KY companies that only print out five digits on the W-2. Check to see if your entry is 5 digits instead of 6. If on the W-2 you only see five digits, then add a zero in front of the number in TurboTax. KY will recognize the number, and you'll get through the TT diagnostic.
See here for more filing tips from the State of Kentucky.
@martinwendell62
@ElayBro30