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yesterday
Returns accepted today
yesterday
Excellent! Sorry for my original confusion. Appreciate your help!
yesterday
Yes, sorry, I misspoke. They are both taxable. My question is if I need to make two entries to TT for each transaction or one?
yesterday
Yes, I did answer "not at risk". And it says everything looks good-- but no Schedule C. And I am reviewing that section again and it clearly says "Your taxable income is $xxxx.xx lower! Add ex...
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Yes, I did answer "not at risk". And it says everything looks good-- but no Schedule C. And I am reviewing that section again and it clearly says "Your taxable income is $xxxx.xx lower! Add expenses to reduce it even more."
yesterday
yesterday
After you enter the 1099R it will ask you some follow up questions. Pick I moved it to another retirement account. Then it will ask if it was to a ROTH. Then choose - I did a combination of r...
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After you enter the 1099R it will ask you some follow up questions. Pick I moved it to another retirement account. Then it will ask if it was to a ROTH. Then choose - I did a combination of rolling over, converting or cashing out the money Then it will ask how much you converted to a ROTH The whole gross amount (before taxes) is 100% taxable. Then you get credit for the taxes withheld on 1040 line 25b.
yesterday
We have done what you said many times with variations and nothing works to hold the address and on review it lists those 4 error due to the address being erased. We checked the box to use the federal...
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We have done what you said many times with variations and nothing works to hold the address and on review it lists those 4 error due to the address being erased. We checked the box to use the federal info for the address, also
yesterday
You have the SSA-1099 ? The Medicare premium is listed on it. You enter it all on the same screen. Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes Wages and Income Then scr...
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You have the SSA-1099 ? The Medicare premium is listed on it. You enter it all on the same screen. Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes Wages and Income Then scroll down to Retirement Plans and Social Security Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit button After you enter it keep going. There are follow up questions you need to answer. Especially look for if you lived in a Foreign country. Should be No.
yesterday
Since you have a loss, did you answer the "at risk" questions at the end of the Schedule C interview? If so, how did you answer them? And did you have expenses for business use of your home? I'm n...
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Since you have a loss, did you answer the "at risk" questions at the end of the Schedule C interview? If so, how did you answer them? And did you have expenses for business use of your home? I'm not a tax expert, but they will want to know those things to further advise you.
yesterday
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yesterday
The code in box 7 is "7", which is a normal distribution. I already know that there are two parts to what is included in box 7: 1.) $75k Conversion from an IRA to an new Roth account, and 2.) $34K ...
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The code in box 7 is "7", which is a normal distribution. I already know that there are two parts to what is included in box 7: 1.) $75k Conversion from an IRA to an new Roth account, and 2.) $34K was distribution to me. Both are taxable events. My question is: My 1099-R box 1 includes the total $109K ($75k + $34K) of both distributions above. Do I make two separate entries to TT, one for each?
yesterday
The only way your mileage expense would be deductible is if you are paid for the activity and you report your income on Schedule C as self-employment.
If you are not in the business of bein...
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The only way your mileage expense would be deductible is if you are paid for the activity and you report your income on Schedule C as self-employment.
If you are not in the business of being a personal representative, it is considered to be a personal activity and therefore mileage would not be deductible. If you do claim business income for this activity, you can deduct your mileage expense under Vehicle Expenses on Schedule C. How do I deduct vehicle expenses?
Can I deduct mileage?
yesterday
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yesterday
Online is only good for 1 return per account. Don’t use your account or you will overwrite your return and it will be gone. And you have to pay for each account separately so it might get expensive...
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Online is only good for 1 return per account. Don’t use your account or you will overwrite your return and it will be gone. And you have to pay for each account separately so it might get expensive. You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return Create your account screen Set up a new login for the second return Start working on the new return
yesterday
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yesterday
The tax from Form 8962 will automatically be incorporated into the tax liability used to calculate the underpayment penalty.
You'll see the amount on Schedule 2, Line 1 for Additional Taxes, a...
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The tax from Form 8962 will automatically be incorporated into the tax liability used to calculate the underpayment penalty.
You'll see the amount on Schedule 2, Line 1 for Additional Taxes, and is included in the calculation for Line 2 of Form 2210.
@bdger983
yesterday
I'm using "Do It Yourself Premium". I filled out all of the info for my business under "Self-employment income and expenses" but in the "income summary", the number for my business is blank (should ...
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I'm using "Do It Yourself Premium". I filled out all of the info for my business under "Self-employment income and expenses" but in the "income summary", the number for my business is blank (should be a loss), and the 1040 preview does not show an income adjustment from a Schedule C, which I expect to see in Schedule 1 Box 3. It looks like a Schedule C isn't being generated at all?
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yesterday
do not know my Identity Protection Pin
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yesterday
I checked the DC tax info and the standard deduction for married filing jointly is 30,000, therefore the Turbotax figures are correct, the total being 31,600 with the 65plus additional deduction.