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yesterday
If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...
yesterday
Where is my state return
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yesterday
Having state taxes deducted from your paychecks every week is a normal circumstance for most people. This amount is then reported on your W-2 and entered as part of your Federal return. The state t...
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Having state taxes deducted from your paychecks every week is a normal circumstance for most people. This amount is then reported on your W-2 and entered as part of your Federal return. The state tax withholdings are then automatically reported on your state tax return.
Filing a state extension is asking for more time to file your state tax return. The tax payments taken out of your paycheck are not related to filing an extension.
If this is not what you were trying to ask, feel free to submit a follow-up question.
yesterday
If you click on the Search in the gray bar at the far right, you can type in Form 1310 in the pop-up that shows up and you will get a Add/edit Form 1310 link. Clicking on that link will bring up a s...
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If you click on the Search in the gray bar at the far right, you can type in Form 1310 in the pop-up that shows up and you will get a Add/edit Form 1310 link. Clicking on that link will bring up a screen "Let's see if you need to file Form 1310" where you can continue to enter information to get Form 1310 filled out.
yesterday
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
yesterday
@JM4DURYEA With Fidelity, I *WAS* able to pull in the 1099-B using TT Deluxe Desktop by just hitting "Continue" once I got that warning. In fact, they must have fixed the code to allow a second Fide...
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@JM4DURYEA With Fidelity, I *WAS* able to pull in the 1099-B using TT Deluxe Desktop by just hitting "Continue" once I got that warning. In fact, they must have fixed the code to allow a second Fidelity import without deleting the first import's 1099's. So we now know that the code that provides for 1099 imports is Financial Institution-specific. Some have been fixed and others haven't. I'm sure it is an arduous task for TT to fix since they must now go back to literally hundreds of partners.
yesterday
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Good question. I had already tried that. It still yields the same strange number. Thanks!
yesterday
Please review the qualifications below for claiming a Section 179 deduction for commercial property, then revisit your entries for your new asset.
To qualify for a Section 179 deduction, the as...
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Please review the qualifications below for claiming a Section 179 deduction for commercial property, then revisit your entries for your new asset.
To qualify for a Section 179 deduction, the asset must be:
Tangible (you're able to touch it, which excludes intangible assets like patents or copyrights)
Purchased (not leased) for business use
Used more than 50% in your business
Placed in service (purchased, acquired, or converted to business use) during the current tax year
Acquired from a nonrelated party
The Section 179 deduction can't be claimed for business assets that were acquired in a tax-free exchange or from a person or entity with whom you share a close relationship as specified by the IRS.
You can't claim a Section 179 deduction for more than $2,500,000 in qualified assets. The deduction is reduced if the total of all Section 179 assets you placed in service during the tax year exceeds $4,000,000.
Your Section 179 deduction amount can't exceed your net business income for the year, but if it does, you can carry the excess over to a future tax year.
yesterday
My mutual fund list a percentage of total ordinary dividends from U.S.Government Obligations but does not list any ordinary dividends. My fund only lists qualified dividends. My fund does not list ...
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My mutual fund list a percentage of total ordinary dividends from U.S.Government Obligations but does not list any ordinary dividends. My fund only lists qualified dividends. My fund does not list any interest. Does this mean I can deduct the percentage from U.S. Government Obligations from the qualified dividends for my state exempt dividends as I would for Ordinary dividends? Can you explain why the fund list percentage of income from U.S. Government Obligation if the fund , or at least my portion, does not have any ordinary dividends? Thank you!
yesterday
On your 1099-R, Box 9a (Percentage of Total Distribution) indicates that a retirement distribution is split among multiple people (e.g., death or a divorce).
If you are the only recipient, than...
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On your 1099-R, Box 9a (Percentage of Total Distribution) indicates that a retirement distribution is split among multiple people (e.g., death or a divorce).
If you are the only recipient, than the value is 100%. If there are two beneficiaries receiving an equal split, the value would be 50%.
When the program asks for the information in Box 9a, it is asking only about the current 1099-R you are looking at; you should not calculate a percentage based on the sum of both forms.
On Form #1, if it says 100% (or is blank), enter 100 for that entry.
On Form #2, enter whatever is written there (probably 100 again).
If the program asks for an entry (even if it is blank), you can enter 100 (a blank box usually signals that you were the sole recipient of that specific distribution.).
yesterday
In box 14 of the W-2, select Overtime as the Category.
yesterday
Can you clarify, you have completed your tax return in TurboTax and are unable to pull up the tax return now?
yesterday
If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addit...
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If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addition to your ID number. This document number is an 8- or 10-digit alphanumeric number found in the lower right corner of your ID, or on the back if the ID was issued after January 28, 2014. The document number starts after "IDUSA.”
You can see examples at the New York Department of Motor Vehicles website.
yesterday
This did not seem to be an option in the online version. After hours on the phone with Turbo Tax, I switched to the download version and had no problem.
yesterday
The acquisition date is used to determine if a sale of capital assets will be given long-term or short-term tax treatment; so you'll need to enter a value (or values, if using multiple sales subtotal...
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The acquisition date is used to determine if a sale of capital assets will be given long-term or short-term tax treatment; so you'll need to enter a value (or values, if using multiple sales subtotals) that accurately reflects whether these are sales of assets you have held for at least 1 year or not. If your 1099 does not report the necessary information, you'll need to rely on your broker records.
Assets held for over a year get favorable long-term capital gain treatment when sold, and so attention-to-detail could impact your bottom line - do all of the acquisition dates qualify as either all long-term or all short-term sales? If so, you can enter the most recent date to reflect that character across all the sale lots combined.
If some of the acquisition dates were at least a year before the date of sale, and some were within 1 year of sale, then you'll need to break those out separately, and report additional sales totals for the portion that is short-term in nature.
See: TurboTax - Capital Gains and Losses
yesterday
If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addit...
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If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addition to your ID number. This document number is an 8- or 10-digit alphanumeric number found in the lower right corner of your ID, or on the back if the ID was issued after January 28, 2014. The document number starts after "IDUSA.”
You can see examples at the New York Department of Motor Vehicles website.
yesterday
That box is irrelevant unless you are trying to get earned income credit.
yesterday
Oregon credit for ABLE account contributions is limited due to AGI. Turbo Tax is using wrong amount on our return.
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yesterday
I am attempting to understand why line "k" in Part 1 has a 66% reduction to actual dividends. There doesn't seem to be any method of understanding this result and from various other sources I suspec...
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I am attempting to understand why line "k" in Part 1 has a 66% reduction to actual dividends. There doesn't seem to be any method of understanding this result and from various other sources I suspect that the haircut is too severe. How does one get to this calculation?