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Friday
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The new $5k rule is to get a refundable portion after your tax liability is wiped out. You may have had a larger tax liability that was reduced so that you refund is higher.
Follow these steps...
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The new $5k rule is to get a refundable portion after your tax liability is wiped out. You may have had a larger tax liability that was reduced so that you refund is higher.
Follow these steps:
Take a look at your form 8839 and verify the numbers.
Take a look at sch 3 line 6c for adoption credit.
Take a look at your 1040. Look at the tax on line 16.
Now, look at line 20 for the credit from sch 3 to pull over.
Any adoption credit left after wiping out your tax liability, moved down the 1040 to line 30 for a maximum of $5,000.
Friday
Thank you,
Friday
How do I enter overtime for the category with box 14?
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Friday
Some credits are limited to the amount of income tax you owe. Others are based on the amount of "earned" income that you have. If you don't have any income tax, or you don't have any "earned" in...
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Some credits are limited to the amount of income tax you owe. Others are based on the amount of "earned" income that you have. If you don't have any income tax, or you don't have any "earned" income (such as a business loss), you may not qualify for those tax credit. There isn't anything you can do to 'fix' that.
Friday
1 Cheer
The gray 'Not Started' indicator is a display issue. Since you have stepped through the section in the interview, and verified that the correct amount is displayed in the year summary, this is not a...
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The gray 'Not Started' indicator is a display issue. Since you have stepped through the section in the interview, and verified that the correct amount is displayed in the year summary, this is not affecting your tax return.
@Romasurus
Friday
I am now worried....I just entered my estimated information and when I went to see my Form 1040 it is showing I have taxable income of $1119 but it is not showing any tax due....
Friday
I receive a 1099-R (retirement, from which state/CA and federal taxes are withheld). I also receive a 1099-SSA form from which NO taxes are withheld. The software doubled the amount of my withholding...
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I receive a 1099-R (retirement, from which state/CA and federal taxes are withheld). I also receive a 1099-SSA form from which NO taxes are withheld. The software doubled the amount of my withholding, showing the same amount withheld on my 1099R and 1099SSA. There does not appear to be a way to edit this and correct it. I need all “taxes withheld” removed from my 1099-SSA entry. I uploaded my forms. Help please!
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Friday
The extension is form 4868. It should be part of your tax return. In addition, if you made a payment by April 15th online, you would have marked it as part of your extension. Check your records for p...
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The extension is form 4868. It should be part of your tax return. In addition, if you made a payment by April 15th online, you would have marked it as part of your extension. Check your records for payments as well. The payment counts as an extension request if you don't have the 4868 and properly marked the payment.
Friday
1 Cheer
The suggestion to use the forms view for the retirement section works...thanks...it gets me over a hump.
Friday
I went through the sch C and was able to enter income under the NEC, MISC, K and general income. Something must be wrong with the version you are using. If you are using desktop, try installing updat...
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I went through the sch C and was able to enter income under the NEC, MISC, K and general income. Something must be wrong with the version you are using. If you are using desktop, try installing updates. If you are using the online version:
Log out of your return and try one or more of the following:
Don't use Internet Explorer.
Clear cache and cookies,
Sign in using a different browser.
Sign in using a different device.
Log back into your return.
Friday
I have a screenshot from the site that I took on the day of the sale that indicates the amount I have in capital gains, and I have the transaction record from the platform but little else. I purchased...
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I have a screenshot from the site that I took on the day of the sale that indicates the amount I have in capital gains, and I have the transaction record from the platform but little else. I purchased this crypto by making small purchases monthly.
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Friday
The "previous" screen had two radio button choices, and I chose the lower one which results as pictured. However, after the most recent update, the red message is now GONE. The screen accepted the e...
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The "previous" screen had two radio button choices, and I chose the lower one which results as pictured. However, after the most recent update, the red message is now GONE. The screen accepted the entries this time without change and allowed me to continue. Please consider this thread closed. Thanks for your answer anyway. The software will undoubtedly improve as more of us ferret out more features.
Friday
Where did you buy the Code? And did you buy the code for the Desktop program or the Online version? Some stores are selling a code to use the Online browser version. And if you are on Windows, d...
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Where did you buy the Code? And did you buy the code for the Desktop program or the Online version? Some stores are selling a code to use the Online browser version. And if you are on Windows, do you have Windows 10 or 11? You need Windows 11 this year. Authorized Sellers https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/obtain-authentic-turbotax-programs/L1yYfitCw_US_en_US?uid=lv4rnzmq
Friday
My disabled adult son has counted as my dependent, since I am his sole source of income and care. This year, TurboTax is telling me do no longer qualifies as a dependent, despite his information bein...
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My disabled adult son has counted as my dependent, since I am his sole source of income and care. This year, TurboTax is telling me do no longer qualifies as a dependent, despite his information being the same as previous years. I would like to know why?
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Friday
Please delete misc intent income
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Friday
You would likely need to report your share of company income or loss if you were part owner of a business. The only exception might be if you were a shareholder in a "C" or regular corporation. Other...
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You would likely need to report your share of company income or loss if you were part owner of a business. The only exception might be if you were a shareholder in a "C" or regular corporation. Otherwise, you would likely be a partner in a partnership or a shareholder in an "S" corporation. In either one of those situations, you should receive a Schedule K-1 from the business reporting your share of the company's income, loss and/or other pertinent tax information. You would use that form to make the required entries on your personal tax return.