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yesterday
It depends. The amount in box 3 is social security wages which should be filled in if you are an employee. This box is not completed for certain jobs such as specific public sector roles with alterna...
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It depends. The amount in box 3 is social security wages which should be filled in if you are an employee. This box is not completed for certain jobs such as specific public sector roles with alternative pensions, certain foreign government employees, religious exemptions, and student employees working for their university.
Please update with additional details and we can be more specific for your situation.
yesterday
I’m trying to write up an example but think I’m getting more confused. Did you mean the California refund Increased OR Decreased?
yesterday
The difference is the exact amount that I owe in state taxes
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yesterday
1 Cheer
This process stinks. The program suggests that it is permissible to enter summary totals. Only later in the process does one learn that this info has to be mailed.
yesterday
Piggy backing off this as I made my 2025 contribution in 2026 and also converted it in 2026. It sounds like I submit my contribution for 2025 through TurboTax but then don't enter the conversion int...
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Piggy backing off this as I made my 2025 contribution in 2026 and also converted it in 2026. It sounds like I submit my contribution for 2025 through TurboTax but then don't enter the conversion into TurboTax until I do my 2026 taxes. The problem is - Turbotax is acting like my contribution to my IRA was a taxable event because it is "non-deductable." The $7,000.00 contribution was made with post-tax dollars so why would I pay tax on it again? Thanks for the help!
yesterday
60% is just an example. I checked IRS forms and instructions, and unfortunately tax code is indeed rigged against businesses that use home office less than 100% of the time. From Schedule C instruct...
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60% is just an example. I checked IRS forms and instructions, and unfortunately tax code is indeed rigged against businesses that use home office less than 100% of the time. From Schedule C instructions: "After determining the part of your gross income from the business use of your home, subtract from that amount the total expenses shown on Schedule C, line 28" - which means that home office share of the profits is restricted by total business expenses. You can take home office expense only if percentage of non-home office work is less than the profit margin of your overall business. So, if your home office use is 60%, but your overall profit margin is only 30%, tough luck.
yesterday
Thank you!
yesterday
I have the same question and you didn't answer it at all. This is about tips that were reported to our employer. The employer put all cash and credit card tips in Box 1 with wages and did not separat...
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I have the same question and you didn't answer it at all. This is about tips that were reported to our employer. The employer put all cash and credit card tips in Box 1 with wages and did not separate it. How do we claim a deduction for reported tips that are lumped in with wages.
yesterday
How do I get Intuit 2024 full program
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yesterday
By selecting Income -> Rental properties and royalties -> edit one of my properties: Now, if I click the pencil, it should take me to my list of assets for this property. However, starting a...
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By selecting Income -> Rental properties and royalties -> edit one of my properties: Now, if I click the pencil, it should take me to my list of assets for this property. However, starting a couple of days ago, this seems to have stopped working and clicking the pencil takes me to the following screen instead: Is this a defect by any chance? Any workaround? I really need to get to my list of assets.. Thank you!
yesterday
Using MacOS latest version (Tahoe 26.3) with all updates and running minimal other apps with TT Home & Business was not able import info from last year's PDF created by H&R Block. Then TT started ac...
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Using MacOS latest version (Tahoe 26.3) with all updates and running minimal other apps with TT Home & Business was not able import info from last year's PDF created by H&R Block. Then TT started acting strangely such as would not open with double-click only by right-clicking, once open would not become active by using cmd-tab and would need to move other app windows aside and click directly on the title bar to activate TT. No improvement after shut and restart. I was almost completely finished when this behavior started and thus was able to file but now do not trust TT on a Mac. Probably will go back to H&R Block next year but wondered if other Mac users have encountered anything like this.
yesterday
2024 digital turbo tax records lost and unrecoverable. I do have hard copies of all documents. How do I update for this year
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yesterday
Tried it. Federal Review still shows as error. Thanks anyway.
yesterday
Under Other Tax Situations, look for the section Other Tax Forms and select Show More. Find Identity Protection PIN and click Start or Revisit. On the screen asking, "Did you or anyone on this retu...
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Under Other Tax Situations, look for the section Other Tax Forms and select Show More. Find Identity Protection PIN and click Start or Revisit. On the screen asking, "Did you or anyone on this return get an Identity Protection PIN from the IRS?" select Yes and enter the 6-digit PIN.
yesterday
the contribution is reported for the prior tax year, but the conversion is reported in the calendar year it is made so you have to carry over the basis of a split-year backdoor like this from year to...
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the contribution is reported for the prior tax year, but the conversion is reported in the calendar year it is made so you have to carry over the basis of a split-year backdoor like this from year to year. If you do this every year using 2025 as example you should have some routine on your 8606 like: Line 1 (2025 contribution [done Jan 2026 for 2025]) - 7k Line 2 (2024 basis carryover [done Jan 2025 for 2024]) - 7k Line 3 (total basis) - 14k Line 8 (2025 conversion [done Jan 2025 for the 2024 contribution]) - 7k Line 14 (2025 basis carryover to 2026) - 7k and repeat, next year you will get 1099-R for the conversion you did in Jan 2026 for the 2025 contribution
yesterday
anonymouse1 are you on desktop version? I don't know of a way to adjust the forms directly in online version.
yesterday
1 Cheer
Good suggestion, thank you. But it would be "nice" if we didn't have to do work arounds.
yesterday
I will try to make my situation more clear. MI taxes were withheld from the OH job. My spouse worked the OH job and federal and MI taxes were withheld. The W-2 state line lists only MI taxes...
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I will try to make my situation more clear. MI taxes were withheld from the OH job. My spouse worked the OH job and federal and MI taxes were withheld. The W-2 state line lists only MI taxes withheld. Please let me know if helps.