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yesterday
My Mother-In-Law had 1 closing that incl 2 properties: one part (a part of the land of Primary Residence, 1/2 in deceased spouse's trust & 1/2 in her trust) and 2nd part investment land in her trust ...
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My Mother-In-Law had 1 closing that incl 2 properties: one part (a part of the land of Primary Residence, 1/2 in deceased spouse's trust & 1/2 in her trust) and 2nd part investment land in her trust only. The Form 1099-Ss that were issued are incorrect, the Title Conpany split the proceeds 50-50 and issued 2 checks (again 50-50) to her former husband's trust and to her Living Trust. As the checks were already issued and deposited in the same amounts to each trust, the Title Co won’t correct the 1099-S forms. The sale consisted of 23 acres, of which 20.7 acres came from the Primary Residence and 2.3 acres came from an adjacent rental property. The correct split of proceeds should have been 90% from her Primary Residence and 10% from the rental property. I have to report the sale of the investment rental property correctly to the IRS, for which there will be capital gains. The portion of the sale of part of the Primary Residence, although far less than the exemption, has to be reported as a 1099-S was issued. Will it suffice to attach or include a statement to the IRS to explain this, along with the correct distribution of the proceeds?
yesterday
I see that now. My MIL questioned me about it and I see it on the printed form, but it is not part of the calculation. Thank you for the clarification!
yesterday
Hi. How do I fill out this form.? I have 1638 remaining in NOL carryover from 2024 and want to use 362 of that for 2025. But I get an error when I put 362 in column B. Thanks.
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yesterday
I followed the steps as well and refiled last night and the return is still showing as pending -- so that's something. I'm also on Desktop and understand that they said the steps apply only to the on...
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I followed the steps as well and refiled last night and the return is still showing as pending -- so that's something. I'm also on Desktop and understand that they said the steps apply only to the online version, but maybe the IRS has been notified that something needs fixing. Cautiously optimistic now. Thanks, Intuit, for the support.
yesterday
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yesterday
My son's scholarships exceed his qualified expenses. His 1099T box 1 is 14,270 and box 5 is 47,333. Scholarship funds were used to pay tuition, room and board, study abroad travel, and other school...
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My son's scholarships exceed his qualified expenses. His 1099T box 1 is 14,270 and box 5 is 47,333. Scholarship funds were used to pay tuition, room and board, study abroad travel, and other school sponsored international travel, conference attendance, etc. How can I enter this information to get the education credit (we understand he will pay an additional amount on his taxes by doing this.)
yesterday
1 Cheer
Yes, here is the answer for you.
First you have to know how much of the exempt interest and dividends is the Ohio (OH) portion. The full amount is not likely to be fully exempt from either stat...
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Yes, here is the answer for you.
First you have to know how much of the exempt interest and dividends is the Ohio (OH) portion. The full amount is not likely to be fully exempt from either state. As a rule, there is a statement that provides the percentage of exemption for each state. Confirm this with the company who prepared the return.
If you find that the full amount of $710 is exempt from OH (and IL) then you can enter the net amount in the OH return. Double check your OH return before filing.
Note: If your OH return asks you check a box in reference to the Ohio IT K-1, which may prevent e-file, you can try to file without checking that box. It's a form you can keep in your tax file until and unless Ohio makes a request since it's not mandatory for every scenario. Attaching it can prevent the need for the Department of Taxation to request additional information. It's all right to keep it until then.
Preview allows for both federal and state returns if both have been completed:
From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
Select Tax Tools
On the drop-down select Tools
On the pop-up menu titled “Tools Center”, select View Tax Summary
On the left sidebar, select Preview my 1040
For TurboTax Desktop, change to 'Forms' and review the forms
yesterday
If you took the federal deduction, it flows through to SC. If you took the federal credit, look for the "Subtractions from Income" section on your SC return to remove that $34,000 from your state tax...
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If you took the federal deduction, it flows through to SC. If you took the federal credit, look for the "Subtractions from Income" section on your SC return to remove that $34,000 from your state taxable total.
yesterday
i received a bonus for referring someone a year after i no longer worked for the company-the sent a 1099 nec and the state of arkansas wont let me e file-they say it is 1099 misc-
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yesterday
The NYS special inflation relief payment is not taxable on your New York State tax return. However, it may be considered taxable income on your Federal return if you itemized deductions on your 2024 ...
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The NYS special inflation relief payment is not taxable on your New York State tax return. However, it may be considered taxable income on your Federal return if you itemized deductions on your 2024 federal return (rather than taking the standard deduction.
yesterday
Do we have updates? I still see the wrong MAGI and SALT deduction in my account.
yesterday
I removed "tax preparation expenses" completely, and this item still shows the same. please advise what this means
yesterday
I mistakenly identified in-Pennsylvania rental property as not-for-proof instead of for profit. The return was already submitted so I have to do an amendment but can not find in the amendment section...
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I mistakenly identified in-Pennsylvania rental property as not-for-proof instead of for profit. The return was already submitted so I have to do an amendment but can not find in the amendment section where to switch from not-for-proof to for proof in my PA-40 Schedule E. please help. I'm using Turbo Tax online
yesterday
if someone from TurboTax please advise where this line is coming from
yesterday
1 Cheer
On the screen that says Summary of Lost/damaged property or asset you will see when you edit your theft loss, choose the "+Add" option on that screen to enter your theft loss amount.
yesterday
It's more like a director/playwright collecting royalties vs producing. I called it solo producing so it wouldn't be confused with pro bono. The agreement was that the theatre paid the performers, pr...
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It's more like a director/playwright collecting royalties vs producing. I called it solo producing so it wouldn't be confused with pro bono. The agreement was that the theatre paid the performers, provided the space and tech people, and I provided the show, I directed, provided the costumes, the props, held auditions and cast the show. The current production, (April 2026), I'm just collecting royalties. The one coming up in June will be like the former one I just described. For IRS purposes, the classification is still the same 711510 : Independent Artists, Writers, and Performers. It is used on tax forms (like Schedule C) for self-employed, freelance individuals creating artistic works, performing, or providing technical expertise in arts and entertainment, including actors, authors, photographers, and musicians. From the sounds of it, I will just take my expenses as Schedule C and not deal with "Start up" etc... the LLC is pretty much ignored by the IRS as an entity anyway. Thanks for your insight.
yesterday
1 Cheer
Since you are using the online version, your answers must be corrected going through the screens again.
You need to go back through your education summary. Edit the student and go through. Edit sc...
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Since you are using the online version, your answers must be corrected going through the screens again.
You need to go back through your education summary. Edit the student and go through. Edit school information and go through. You may need to change an answer in your personal info section as well, depending on what needs to be changed.
yesterday
Is anybody getting the wrong country marked in their billing address on the confirm payment screen?
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yesterday
Are the OPRL box 14 amount the withholdings and/or contributions to the Oregon Paid Leave fund? I made up a mock return using the box 14 amount of $1055 and category name of Oregon Paid Leave Withho...
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Are the OPRL box 14 amount the withholdings and/or contributions to the Oregon Paid Leave fund? I made up a mock return using the box 14 amount of $1055 and category name of Oregon Paid Leave Withholding/Contributions and it had no effect on the Federal or Oregon refund/balance due amount. Is the $300 more that you owe to Federal or Oregon? And do you see that $300 increase after you enter the Box 14 amount?
If you'd like, I could take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:
TurboTax Online:
Sign into your online account.
Locate the Tax Tools on the left-hand side of the screen.
A drop-down will appear. Select Tools
On the pop-up screen, click on “Share my file with agent.”
This will generate a message that a diagnostic file gets sanitized and transmitted to us.
Please provide the Token Number that was generated in the response.
TurboTax Desktop/Download Versions:
Open your return.
Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us.
Please provide the Token Number (including the dash) that was generated in the response.
*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)
yesterday
Have not progressed to e-file yet. I thought the substitute form precluded e-filing (I.e. needed to be mailed)