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3 hours ago
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3 hours ago
I reported what I thought was a problem, but maybe not. The biggest issue is not be able to see the Worksheets attached to both FED and CT
4 hours ago
My return is 0 and I’m just curious if it’s because of a missing w2
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4 hours ago
If you have a business, the income and expenses are reported on Schedule C so you can't bypass that section.
Follow the steps below to enter your income and expenses.
Open TurboTax
...
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If you have a business, the income and expenses are reported on Schedule C so you can't bypass that section.
Follow the steps below to enter your income and expenses.
Open TurboTax
Select Wages & Income
Select Business Income and Expenses (Schedule C)
TurboTax will guide you through interview screens to help you enter your income and expenses.
Refer to the TurboTax article Where do I enter Schedule C? for navigation instructions.
4 hours ago
I need assistance with Form 7203
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4 hours ago
For each 1099R when it asks for the RMD, enter the amount from box 1 on that specific 1099R for the RMD. That’s ok and doesn’t affect anything else.
4 hours ago
Between my child's college tuition and property tax I should get better tax break with itemized deduction for my NY tax. TT does not show itemized option at all
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4 hours ago
to contribute directly to a Roth you need to be below the MAGI phaseout, and also have compensation (earned income like a W2) for at least the amount of the contribution. Do both these apply? if...
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to contribute directly to a Roth you need to be below the MAGI phaseout, and also have compensation (earned income like a W2) for at least the amount of the contribution. Do both these apply? if you are using TT Online, on the left menu under Deductions and Credits Summary you should see the Traditional & Roth IRA Contribution section, if something was already entered it will show up there. some people also confuse Roth contributions and recharacterizations with backdoor Roth conversions through a non-deduction contribution to a Traditional IRA. If you did a backdoor Roth ensure you are entering the contribution to the Traditional IRA and nothing to do with moving the money to Roth, the Roth conversion part is handled by the 1099-R.
4 hours ago
I agree with the experts above. If you know that you filed and got your money, there is nothing to worry about. Disregard the notifications. Have a great year!
4 hours ago
As long as the three different accounts are all IRA accounts (not 401k, 457, etc) then you are fine--no additional steps needed. The IRS just needs to see that $21,000 was taken out in total (again, ...
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As long as the three different accounts are all IRA accounts (not 401k, 457, etc) then you are fine--no additional steps needed. The IRS just needs to see that $21,000 was taken out in total (again, as long as none of these are work accounts, not yet moved over to IRAs)
4 hours ago
I received a 1099 R from a class action law suite, where do I input it on my tax return?
Topics:
4 hours ago
You will enter your Interest income in the Investment Section of Wages & Income.
Select "Wages & Income" under the Federal Tab
Select "Interest on 1099-INT"
Select "Add another 1099-INT"
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You will enter your Interest income in the Investment Section of Wages & Income.
Select "Wages & Income" under the Federal Tab
Select "Interest on 1099-INT"
Select "Add another 1099-INT"
Proceed to enter in the applicable information.
Refer to the TurboTax articles Where do I enter Form 1099-INT? and Filing Tax Form 1099-INT: Interest Income for additional information.
4 hours ago
We can't answer why your child did not qualify for the Child Tax Credit because we can't see your tax return.
The maximum amount of the Child Tax Credit (CTC) is $2,200 for each qualifying chil...
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We can't answer why your child did not qualify for the Child Tax Credit because we can't see your tax return.
The maximum amount of the Child Tax Credit (CTC) is $2,200 for each qualifying child, and the maximum refundable additional Child Tax Credit is $1,700. To be eligible for the full amount, your modified adjusted gross income has to be under $400,000 for Married Filing Jointly or Qualified Widower and $200,000 for all other filing statuses. If your income exceeds the threshold, your CTC is reduced. If you have children that are older than 16 at the end of 2025, they don't qualify you to get the CTC, but you may still be eligible to get the $500 non-refundable credit for Other Dependents instead.
In addition to the requirements listed above, you child must meet the following eligibility requirements to qualify for the Child Tax Credit.
Be under 17 by 12/31/2025
Be related to you (child, stepchild, foster or adopted child, sibling, or descendant of any of them)
Have a Social Security Number that makes them eligible for work in the U. S.
Lived with you for more than half of the year
Be a dependent on your tax return
Didn't provide for more than half of their expenses
Be a U.S. citizen, U.S. national, or U.S. resident alien.
For more information, refer to the TurboTax Help articles: Child Tax Credit: Top 8 Requirements for 2025-2026, What is the Child Tax Credit?, and What is the Additional Child Tax Credit?
4 hours ago
I filed with TT 5 weeks ago and received two letters from the IRS today stating that one or more of the QMIN is missing or incomplete. Send us your completed form 5695 with the applicable QMIN. When ...
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I filed with TT 5 weeks ago and received two letters from the IRS today stating that one or more of the QMIN is missing or incomplete. Send us your completed form 5695 with the applicable QMIN. When I look at the pdf of my TT filing, both numbers are correct (O1T8 for Jeld-Wen window and M6G5 for Navien tankless water heater). Anyone else having this problem? Do I just resend the same pdf of the 5695 form?
4 hours ago
I had about $21,000 in total RMD from three accounts (all different companies). $12,000 was taken from one account, and $9,000 was taken from another. $0 was taken from the third. So, I only have two...
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I had about $21,000 in total RMD from three accounts (all different companies). $12,000 was taken from one account, and $9,000 was taken from another. $0 was taken from the third. So, I only have two 1099-Rs. Do I somehow need to enter the RMD from the account from which $0 was taken and for which I don't have a 1099-R? Thank you!
4 hours ago
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4 hours ago
My situation exactly! (except with Michigan State taxes due). I received a letter stating I owed MI taxes that was over twice as much as calcuated by TurboTax. Calling the state was impossilble (to f...
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My situation exactly! (except with Michigan State taxes due). I received a letter stating I owed MI taxes that was over twice as much as calcuated by TurboTax. Calling the state was impossilble (to find out the problem) and internet on the website again stated the incorrect amount. I scheduled direct debit from the same account and the same date Fed taxes due. The Federal debit went through as scheduled, but not the MI debit. So I guess I've learned my lesson ... do NOT e-file MI taxes with TurboTax (even though it cost me extra!). In previous years I've either sent a check (which was cashed immediately), or paid online through their website and then mailed my returns showing no taxes due. I'll now pay my 2025 taxes due on/before April 15 online (as calculated by TurboTax) and hope there will be no problems.