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Firstly... Dear TurboTax, screw you for this scammy type behavior. This is ridiculous! This was not made clear and has cost me hours of my valuable time. I will not reuse this service, which I've fa... See more...
Firstly... Dear TurboTax, screw you for this scammy type behavior. This is ridiculous! This was not made clear and has cost me hours of my valuable time. I will not reuse this service, which I've faithfully used since 2019, again.    Dear Reader, I wanted to contribute to this post because it was extremely helpful, and I wanted to share what I learned. Everything listed by OP is true. If you are reading this, somewhere in your return you unknowingly clicked the wrong thing.   Here's what I did: - Check your email for an email from CreditKarma.  - Copy the email address that they sent the email to, regarding your return. - Go to CreditKarma.com, use the email address from the email to login. (It may prompt you to "create an account" however when you enter your email address it should say there's already an account linked to that address - simply follow through.) - You should see your return there and you can transfer funds directly from that account.  - You are given the option to transfer funds immediately (for a fee), or you can transfer the funds for free in 2-3 days.  * I would encourage you not to pay them a cent to transfer the money "instantly," as this is rewarding their scummy behavior. 
SALE OF HOUSE   If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the ... See more...
SALE OF HOUSE   If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the gain in to another house is irrelevant.  If you  have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss) If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).   If you are using online TT, you need Premium software to report the 1099-S   TO ENTER THE SALE OF YOUR PRIMARY HOME Start with Federal  Click on Wages and Income  Select Choose what I work on Scroll down to Less Common Income On Sale of Home (gain or loss),  Click the start or update button   NOTE:   If you have ever used the home as rental property or claimed a home office, you have more information to enter   https://ttlc.intuit.com/turbotax-support/en-us/help-article/homeowner-tax-credits-deductions/selling-home-affect-taxes/L3I66YR0u_US_en_US?uid=m6cuq5qg
The federal cover letter should show the tax due for federal.  Were you looking at the state cover letter?  It also shows 4 quarterly estimated payments 1040ES slips for NEXT year.  Those are optiona... See more...
The federal cover letter should show the tax due for federal.  Were you looking at the state cover letter?  It also shows 4 quarterly estimated payments 1040ES slips for NEXT year.  Those are optional to pay.  Did you maybe just pay one of those?  There is also a 1040-Voucher for the Tax Due.  Did you send in the 1040-V voucher or just one of the 1040-ES slips?  If you sent in a payment with a 1040ES slip it was applied to next  year and not this year.  
Firstly... Dear TurboTax, screw you for this scammy type behavior. This is ridiculous! This was not made clear and has cost me hours of my valuable time. I will not reuse this service, which I've fa... See more...
Firstly... Dear TurboTax, screw you for this scammy type behavior. This is ridiculous! This was not made clear and has cost me hours of my valuable time. I will not reuse this service, which I've faithfully used since 2019, again.    Dear Reader, I wanted to contribute to this post because it was extremely helpful, and I wanted to share what I learned. Everything listed by OP is true. If you are reading this, somewhere in your return you unknowingly clicked the wrong thing.   Here's what I did: - Check your email for an email from CreditKarma.  - Copy the email address that they sent the email to, regarding your return. - Go to CreditKarma.com, use the email address from the email to login. (It may prompt you to "create an account" however when you enter your email address it should say there's already an account linked to that address - simply follow through.) - You should see your return there and you can transfer funds directly from that account.  - You are given the option to transfer funds immediately (for a fee), or you can transfer the funds for free in 2-3 days.  * I would encourage you not to pay them a cent to transfer the money "instantly," as this is rewarding their scummy behavior. 
Firstly... Dear TurboTax, screw you for this scammy type behavior. This is ridiculous! This was not made clear and has cost me hours of my valuable time. I will not reuse this service, which I've fa... See more...
Firstly... Dear TurboTax, screw you for this scammy type behavior. This is ridiculous! This was not made clear and has cost me hours of my valuable time. I will not reuse this service, which I've faithfully used since 2019, again.    Dear Reader, I wanted to contribute to this post because it was extremely helpful, and I wanted to share what I learned. Everything listed by OP is true. If you are reading this, somewhere in your return you unknowingly clicked the wrong thing.   Here's what I did: - Check your email for an email from CreditKarma.  - Copy the email address that they sent the email to, regarding your return. - Go to CreditKarma.com, use the email address from the email to login. (It may prompt you to "create an account" however when you enter your email address it should say there's already an account linked to that address - simply follow through.) - You should see your return there and you can transfer funds directly from that account.  - You are given the option to transfer funds immediately (for a fee), or you can transfer the funds for free in 2-3 days.  * I would encourage you not to pay them a cent to transfer the money "instantly," as this is rewarding their scummy behavior. 
There is a cap on the SE Tax.     For 2024 the max for Social Security is $10,453.20 on $168,600 of wages.  There is no max for the Medicare part.   Medicare is also on 92.35% of Net Profit.   See ... See more...
There is a cap on the SE Tax.     For 2024 the max for Social Security is $10,453.20 on $168,600 of wages.  There is no max for the Medicare part.   Medicare is also on 92.35% of Net Profit.   See here is a blank IRS SE form https://www.irs.gov/pub/irs-pdf/f1040sse.pdf   You pay 15.3% SE tax on 92.35% of your Net Profit.   You are paying 15.3% for….. SS for employer 6.2% SS for employee 6.2% Medicare for employer 1.45% Medicare for employee 1.45%   Also you do get to take off the 50% ER portion of the SE tax as an adjustment on 1040. It will be on Schedule 1 line 15 which goes to 1040 line 10.   And subtract the QBI Adjustment on 1040 line 13.   If you also have W2 income, you have to break out the Social Security and Medicare taxes. Only the Social Security part maxes out. The SE tax includes what you already paid in from your W2 so your schedule SE tax will only be the difference up to the max amount of $10,453.20 for social security. The max for social security for 2024 is 6.2% of wages plus 92.35% of Schedule C Net Profit up to $168,600. Medicare is 2.9% (both er & ee parts) of all wages & 92.35% of Schedule C Net Profit - no max.
Hello.  Are you trying to amend your 2024 taxes? See the article: How do I amend my federal tax return for a prior year?
the 1040-V voucher tells you the amount to mail in. If TurboTax subtracts your State refund from your Federal owed, to get a net effect, this confuses many. This error on your part is not covered b... See more...
the 1040-V voucher tells you the amount to mail in. If TurboTax subtracts your State refund from your Federal owed, to get a net effect, this confuses many. This error on your part is not covered by any accuracy guarantee.
You have not asked a question.   Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do no... See more...
You have not asked a question.   Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)     See this TurboTax support FAQ for amending a tax return -   CURRENT YEAR https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk     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/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1  
@TerryHays  SE tax is not income tax.  If you were a W-2 employee, your SS tax is not reduced by any income tax credit or deduction -- everyone pays.  SE tax is the same.  If you have no income sub... See more...
@TerryHays  SE tax is not income tax.  If you were a W-2 employee, your SS tax is not reduced by any income tax credit or deduction -- everyone pays.  SE tax is the same.  If you have no income subject to income tax, you can't use the solar credit.  Maybe you can create some taxable income, such as by converting a pre-tax 401k, pension or IRA to a Roth IRA--then your solar credit can offset the tax, making the conversion essentially free.
where do I declare capital gains exemptions for sale of house?
I am trying to download the Qualified Dividends and Capital Gain Tax Worksheet. When I open TurboTax, I do not see a Forms option.  I only see Documents option and those are the documents that I uplo... See more...
I am trying to download the Qualified Dividends and Capital Gain Tax Worksheet. When I open TurboTax, I do not see a Forms option.  I only see Documents option and those are the documents that I uploaded.  There doesn't seem to be a way to view or download that worksheet.
I have filed and paid all of my taxes for 2024 federal and California state taxes. I am not a california resident since 2022 and have already amended my taxes for 2033. I received my full refund for ... See more...
I have filed and paid all of my taxes for 2024 federal and California state taxes. I am not a california resident since 2022 and have already amended my taxes for 2033. I received my full refund for taxes paid plus interest. I am trying to amend my 2024 taxes with TurboTax, and after entering all the information, it states that I owe 0 dollars for Federal income tax, and a refund of over 9,000 dollars for state taxes already paid. However, after filing, it says I should print and mail in the form 1040-V which states I owe 9,421 dollars and to send a check with the form. I already paid all of my federal income tax. Can anyone explain why TurboTax is so screwed up this year? I have already spent more than 35 hours online and on the phone to fix the problem with the program itself not opening.  
the program listed the amt. I owe on the start page and cover letter.... didn't realize that last page on the amt. owed is different... now IRS is charging me interest and penalties because I paid wh... See more...
the program listed the amt. I owe on the start page and cover letter.... didn't realize that last page on the amt. owed is different... now IRS is charging me interest and penalties because I paid what they said to mail in...not amt. listed owed on the last page   can't access the guarantee turbotax promises 
The section of the tax code allowing special 10-year averaging refers specifically to the tax-rate schedule in section 1 of the Internal Revenue Code of 1954, so subsequent changes to the tax rate sc... See more...
The section of the tax code allowing special 10-year averaging refers specifically to the tax-rate schedule in section 1 of the Internal Revenue Code of 1954, so subsequent changes to the tax rate schedule have had no effect on how the tax is calculated with regard to special 10-year averaging.
To enter a Form 1099-MISC that is not for self-employment - Click on Federal (Personal using Home & Business) Click on Wages & Income (Personal Income using Home & Business) Scroll down to Other ... See more...
To enter a Form 1099-MISC that is not for self-employment - Click on Federal (Personal using Home & Business) Click on Wages & Income (Personal Income using Home & Business) Scroll down to Other Common Income On Form 1099-MISC, click the start or update button Or enter 1099-misc in the Search box located in the upper right of the program screen.  Click on Jump to 1099-misc On the screen Did you get a 1099-MISC?, click on Yes On the screen Let's get the info from your 1099-MISC, enter the amount received in box 3 and continue On the screen Describe the reason for this 1099-MISC, enter a reason and Continue On the screen Does one of these uncommon situations apply? - Select None of these apply and continue On the screen Did the (reason) involve work that's like (your name) main job - Select No and continue On the screen How often did (your name) get income for (reason) - Select 2024 and continue On the screen Did the (reason) involve an intent to earn money? - Select No and continue The amount entered from the Form 1099-MISC will be entered on Schedule 1 Line 8z The total from Schedule 1 Part I Line 10 flows to Form 1040 Line 8
2017   https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf https://www.irs.gov/pub/irs-prior/f1040--2017.pdf   https://www.irs.gov/pub/irs-prior/f1040a--2017.pdf https://www.irs.gov/pub/i... See more...
2017   https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf https://www.irs.gov/pub/irs-prior/f1040--2017.pdf   https://www.irs.gov/pub/irs-prior/f1040a--2017.pdf https://www.irs.gov/pub/irs-prior/i1040a--2017.pdf   https://www.irs.gov/pub/irs-prior/f1040ez--2017.pdf https://www.irs.gov/pub/irs-prior/i1040ez--2017.pdf         https://www.irs.gov/prior-year-forms-and-instructions