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Try deleting the IRA Contribution worksheet from your return.      How to delete forms in TurboTax Online    How to delete forms in TurboTax Desktop  
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If you choose to pay your TurboTax fees from your refund, you also pay an extra "refund processing fee" of $40 ($45 in CA) + sales tax.  So sorry, your refund will not cover your fees plus the refund... See more...
If you choose to pay your TurboTax fees from your refund, you also pay an extra "refund processing fee" of $40 ($45 in CA) + sales tax.  So sorry, your refund will not cover your fees plus the refund processing.  You will need to pay upfront before you file by using a credit or debit card.
I want a tax expert to do my tax return for me
I shorted an ETF last year, United States Oil Fund (USO). It issues a Schedule K-1. But because I shorted it, and never actually owned it, do I skip doing all the Schedule K-1 stuff?   My short pos... See more...
I shorted an ETF last year, United States Oil Fund (USO). It issues a Schedule K-1. But because I shorted it, and never actually owned it, do I skip doing all the Schedule K-1 stuff?   My short position was only for a couple of days. It was only 100 shares. I made a very small profit. I don't think there was any dividend activity or anything like that during that period.   So I would really like to hear I can skip doing the Schedule K-1 stuff because it is so complicated.   I have one extra complication I want to mention. The USO people sent me an incorrect Schedule K-1 form in the mail. They screwed up and messed up my transaction dates. The effect is that it makes it look like I was long the USO, not short.  I called the support phone number to correct it. The guy had reservations about fixing my dates because he said their system doesn't handle shorts very well. But I told him it is wrong and it is already causing me problems, so he made the changes. But I can no longer download a corrected TXF file because it now says "Ownership information is incorrect and must be corrected before a K1 can be created." I didn't have this problem before because I had successfully downloaded the original incorrect version, so I presume this is the kind of problem the representative was worried about.   Any way, for curiosity, I was wondering what would happen if I tried doing the Schedule K-1 stuff in TurboTax with the old incorrect TXF, and if there was a way I could fix the numbers so it correctly shows I was short. I found one part where I could change the values for "Capital contributed during the year" and "Withdrawals and distributions" so the first is negative and the latter is positive.   But going deeper into it, I hit a part where Box 16 "Schedule K-3 is attached if checked", and my form has a check. I didn't get a Schedule K-3. A web search says the form often comes very late (October-ish), and I have to file an extension and wait.   So I would really like to hear that I don't need to do any of this Schedule K-1 stuff for my tax return because I was in a short position. I'd rather not have to wait until October to file. And I don't have experience on how much money if any I need to pay for the estimated taxes on this. (My expectation is $0 because my position was only for a couple of days.) And now because they corrected my dates, I'm worried their system may never send me a K-3 and I will never know if that was because I didn't need it because I didn't actually have to do the K-1/K-3 stuff because I was short, or because their system is now sufficiently broken because they can't handle the short.   I appreciate any responses and insights into this situation. Thank you.  
These payments are still estimated tax payments, even if they were not made at the usual dates. Any payments made after January 15, 2026 are deemed to be made as of the next estimated tax payment dat... See more...
These payments are still estimated tax payments, even if they were not made at the usual dates. Any payments made after January 15, 2026 are deemed to be made as of the next estimated tax payment date, i.e. April 15, 2026.   You'll need to enter them in TurboTax as they serve as a credit against your Federal tax liability.   In TurboTax Online, you can enter estimated taxes you paid by following these steps: Open your tax return Click on Federal in the left-hand column, then Deductions & Credits Navigate to the list of Deductions and Credits  Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right  Click on Start next to Estimated Tax Payments On the next page, click Start next to Federal estimated taxes for 2025 (form 1040ES)
In the section for reporting foreign tax paid, I need to prepare individual Form 1116 reports for each country. I have foreign income reported on two separate 1099-Div forms that I have entered, but ... See more...
In the section for reporting foreign tax paid, I need to prepare individual Form 1116 reports for each country. I have foreign income reported on two separate 1099-Div forms that I have entered, but in the Turbo Tax section where I create the Forms 1116, I only have access to one of the 1099's which happens to be the smallest amount of foreign tax. Seems to be some sort of bug in the system that is not picking up the additional 1099-Div. I have verified that they are both properly entered. What do I do?
When you enter each office individually, the next screen after entering '% of business' should be the screen with the graphic asking about size of office/home.  If you've done that for both offices, ... See more...
When you enter each office individually, the next screen after entering '% of business' should be the screen with the graphic asking about size of office/home.  If you've done that for both offices, go to the Home Office Summary and Edit each office individually.   Here's more info on Multiple Home Offices and The Home Office Deduction.    @BHancock       
Hello, My tax expert was supposed to call me at 11:30am today to file my taxes and they never called. I don’t want to lose the $150 prep fee. What happened?
You still may have to file taxes if you receive any other taxable income besides employment income. Refer to the IRS article Who must file a tax return for additional information to determine if you ... See more...
You still may have to file taxes if you receive any other taxable income besides employment income. Refer to the IRS article Who must file a tax return for additional information to determine if you need to file a tax return.   Here's some resources if you are considered a senior:   Is my Social Security income taxable? How does receiving Social Security affect my taxes? When Does a Senior Citizen on Social Security Stop Filing Taxes? Tax Counseling for Seniors IRS Fact Sheet Deductions for Seniors for more information   If you have any specific questions after reviewing the articles, please reply back.        
TT says it's supposed to be nine digits, but mine is only six.
I just realized NY copyB box 17 amount + NJ copy2 box17 amount = NJ copyB box17 amount. So box 17 on NY federal copy accounts only for NY whereas box 17 on NJ federal copy accounts for both states. T... See more...
I just realized NY copyB box 17 amount + NJ copy2 box17 amount = NJ copyB box17 amount. So box 17 on NY federal copy accounts only for NY whereas box 17 on NJ federal copy accounts for both states. The box 17s in W2 forms on TT are only per state so that answers my question.
I put the income from the Royalties down, but it doesn't show on my income file.
All the social security numbers were entered correctly within the income section related to SSA-1099. Otherwise it wouldn’t have been able to calculate the portion of the total benefits that were tax... See more...
All the social security numbers were entered correctly within the income section related to SSA-1099. Otherwise it wouldn’t have been able to calculate the portion of the total benefits that were taxable which it failed to add to total income.
It is very important that you determine the basis for your non-qualified ESPP stock sales on your own, rather than only relying on your Form 1099-B, because it does not have the complete story. It wi... See more...
It is very important that you determine the basis for your non-qualified ESPP stock sales on your own, rather than only relying on your Form 1099-B, because it does not have the complete story. It will often show only what you paid out of pocket. If you use this number alone, your gain will be too high and you may end up paying more taxes than you should.    Since you won't receive a Form 3922 (reserved for Qualified Plans), enter it as a standard stock sale* and manually adjust the cost basis to ensure you are not double-taxed.    To find your tax basis, look at your W-2, Box 12 for Code V (Non-Qualified Options - NQSO). Many employers use it (or Box 14) to report the discount of your ESPP that was added to your wages.   Your adjusted basis is equal to the amount you paid out of pocket, plus the amount already included in your W-2 wages.   Here's how to enter your Form 1099-B and make any necessary adjustments to basis in TurboTax:   Click on Income in the Federal section Scroll down to Investments and Savings and click down arrow Select Stock, Crypto...(1099-B...) Select Add investments, then Enter a different way Select Stock, Bonds, Mutual Funds (1099-B), Continue Enter brokerage information*, then Continue *Note: In the "Tell us about the sales..." section, Answer "No" to "Do these sales include any employee stock?" then Continue In the "Now choose how to enter your sales", select one at at time (if you don't have a lot), then Continue To adjust the basis, click on the box below the sales section, "I need to adjust my total cost basis"
Turbo tax is saying I don't have enough in my state refund to pay for the service but the total is less than $172
@bennekwilliam    IF for NY???  You enter ONLY the first three characters...not the whole nnumber.   FIRST...make sure you are using the right number   ...depending on the license type...check ... See more...
@bennekwilliam    IF for NY???  You enter ONLY the first three characters...not the whole nnumber.   FIRST...make sure you are using the right number   ...depending on the license type...check the following pictures provided by NY: Sample Photo Documents | NY DMV _________________ AND, it is not the DMV ID number
Para agregar gastos relacionados con tu trabajo independiente, como pago por gasolina y millas recorridas, sigue estos pasos en TurboTax Online: 1. Ve a la sección Wages & Income. 2. Busca y sele... See more...
Para agregar gastos relacionados con tu trabajo independiente, como pago por gasolina y millas recorridas, sigue estos pasos en TurboTax Online: 1. Ve a la sección Wages & Income. 2. Busca y selecciona Start o Update junto a Business Income and Expenses (Schedule C). 3. Responde "Sí" a las preguntas sobre ingresos y gastos por trabajo independiente. 4. En el listado de gastos, selecciona Vehicle Expenses para ingresar millas y gastos de gasolina. 5. Puedes elegir entre el método de tasa estándar por milla o el método de gastos reales. 6. Ingresa el total de millas recorridas para trabajo y otros gastos relacionados. TurboTax te guiará para completar los detalles y maximizar tus deducciones.