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You can choose Other. It doesn’t affect your tax liability. 
I am trying to install Turbo Tax Desktop Business for complete taxes for my C corp.  I have a turbotax personal account and I used TurboTax to file for my C corp in 2022.  I did not use turbotax to f... See more...
I am trying to install Turbo Tax Desktop Business for complete taxes for my C corp.  I have a turbotax personal account and I used TurboTax to file for my C corp in 2022.  I did not use turbotax to file my business return for 2023.  When I click to install/pay for 2024 Turbo Tax business, it just turns and turns.  I called turbotax twice.  the 2nd person suggested that I turn off the firewalls.  I did that and the software still will not install.  It just turns and turns.  I need help with installation.  I still have the 2022 TurboTax Desktop installed on my computer. I can still get into that version.  But I can't seem to open / install the 2024 to do the 2024 taxes.  Can you  help me.  NOTE - I can get in TurboTax Busines - Online.  But, this is a C corp and it is my understanding that I need the Desktop version.  
@ JenniferPLivingston91 wrote: Turbotax is automatically giving me the Deluxe version (129.00).  I want the 79.00 version without tax professionals filing my stuff.  It is not giving the option t... See more...
@ JenniferPLivingston91 wrote: Turbotax is automatically giving me the Deluxe version (129.00).  I want the 79.00 version without tax professionals filing my stuff.  It is not giving the option to choose this.  Please help It must have given you LIVE Deluxe.   Are you already in that edition?   If so, see this:   FAQ:  How do I remove TurboTax Live? https://ttlc.intuit.com/community/downgrading/help/how-do-i-remove-turbotax-live/01/27312
Manual install of update worked for me today.....I downloaded the superpatch for TT 2024 (I'm using Premier 2024)...extracted files...restarted TT and was able to eFile my taxes....finally after an h... See more...
Manual install of update worked for me today.....I downloaded the superpatch for TT 2024 (I'm using Premier 2024)...extracted files...restarted TT and was able to eFile my taxes....finally after an hour of searching for clues...   I tried: -restarting computer - running updates did not want to uninstall/reinstall as i have had problems with that before.   I had my most complex filing this year...so possibly software needed the patch due to number of stock transactions (found this is another post)....  hope the superpatch works for you!
If you're using TurboTax Desktop, make sure your program is updated.  You can do a Manual Update.    If this doesn't resolve the error, go back to your K-1 entry and enter $0 in Box R on the K1 a... See more...
If you're using TurboTax Desktop, make sure your program is updated.  You can do a Manual Update.    If this doesn't resolve the error, go back to your K-1 entry and enter $0 in Box R on the K1 and Report $23,000 on line 6a and $7500 on line 6c of the worksheet.   If you're using TurboTax Online, clear your Cache and Cookies and step through the section again.    Let us know if it doesn't resolve for you.   Here's more info on Entering a Solo 401K Contribution.   @dd8840     
if i sold my house in PA.8/24 and meet all the requirements for the exemptions for the sale of a house and have no other type of income to i need to file a final return for PA? I have no income from ... See more...
if i sold my house in PA.8/24 and meet all the requirements for the exemptions for the sale of a house and have no other type of income to i need to file a final return for PA? I have no income from sale of house or any other source.  
You can enter the 1099-MISC and not have it create a Schedule C, if you answer the questions so that TurboTax doesn't "think" it represents self-employment.   If you enter it in the 1099-MISC sec... See more...
You can enter the 1099-MISC and not have it create a Schedule C, if you answer the questions so that TurboTax doesn't "think" it represents self-employment.   If you enter it in the 1099-MISC section, you have the option to select that none of the description choices applies, and then to enter your own explanation. Say "no" to the question about it involving work and "no" to the question about it involving an intent to earn money.   If you put it in Miscellaneous Income, Other Reportable Income, it does say not to put a 1099-MISC there but you can make the entry there. It just asks for a description and amount and doesn't have follow up questions.   @BigTegan 
I believe Turbo Tax will tell me the maximum I can contribute based on my MAGI.  Where do I see that in Turbo Tax? I have not yet made a contribution but plan to before April 15, I just need TurboTax... See more...
I believe Turbo Tax will tell me the maximum I can contribute based on my MAGI.  Where do I see that in Turbo Tax? I have not yet made a contribution but plan to before April 15, I just need TurboTax to tell me the maximum I can contribute.  Thank you!
Ah, figured it out. Turbotax was carrying a $0 in Federal Tax withheld, which it counted as an entry and requires an EIN. I deleted the "0" and it worked.
@hno4 wrote: Got it thanks, to clarify, if I rent for 4 months, then personal usage for 1 year and rent for another 4 months, the depreciation will restart to accumulate for my 2nd rental, as it ... See more...
@hno4 wrote: Got it thanks, to clarify, if I rent for 4 months, then personal usage for 1 year and rent for another 4 months, the depreciation will restart to accumulate for my 2nd rental, as it should not include my personal use between 2 rentals? let me know if I understand correctly.   Yes.   However, can I ask why it is being rented for 4 months on-and-off?  The point I'm getting at is "Nonqualified Use" when you sell.  Generally, when you use the home for your Principal Residence AFTER it is not your Principal Residence (such as renting it out), that triggers "Nonqualified Use" (although there are exceptions, which is why I asked why are you renting it out).   The problem with Nonqualified Use is that your $250,000/$500,000 Principal Residence exclusion is prorated when you sell.  A severely simplified version is let's say you own the house for exactly 10 years and it was rented exactly 1 years (and you used the home as your Principal Residence AFTER it was rented).  In that example, 1/10th (10%) of the profit would not qualify for the tax-free exclusion (in addition to the tax from the gain due to depreciation).
Turbotax is automatically giving me the Deluxe version (129.00).  I want the 79.00 version without tax professionals filing my stuff.  It is not giving the option to choose this.  Please help
why can't you import my Schwab 1099B? It is your partner!
To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.  
First, I would try deleting them (your W-2's) and re-enter them manually.   To delete your Forms W-2 you can: Sign into your return Click on" Pick up where you left off" Click "Search"... See more...
First, I would try deleting them (your W-2's) and re-enter them manually.   To delete your Forms W-2 you can: Sign into your return Click on" Pick up where you left off" Click "Search" at the top right of your screen In the search box, type "W-2" Click on "Jump to W-2"               (See screenshots below for additional guidance) Click on the garbage can icon next to your Form W-2 you want to delete. To manually enter your Form W-2 you can: Open or continue your return Click "Search" at the top right of your screen In the search box, type "W-2" Click on "Jump to W-2"               (See screenshots below for additional guidance) Your screen will say "We'll start with your W-2", click the box "Work on my W-2" want to file Your screen will say "Let's Start With a Bit of Info From Your W-2" , enter your Employer ID from Box b of your W-2" Click on "Continue" You can select "Type it myself" The next screens will prompt you for the information you see on your W-2. Answer all follow-up screens You would enter all of your Forms W-2 in the federal section of TurboTax. When you get to the state filings, you should enter your nonresident state return (MA) first because your resident state might give you a credit for any taxes paid in that state..   I don't know if you entered your nonresident tax return first but you should complete your nonresident returns first. You may want to try to delete your state tax returns and re-enter again.     The only other thing I can suggest is to try contacting TurboTax Customer Service. They may be able to share your screen to see what is happening. Turbo Tax Customer Service     To search for your Forms W-2:       Click here for information regarding filing multiple state returns.   Click here for additional information on filing when multiple states are involved.
We got the IND-517-02 rejection code. I'm trying to confirm that that means it's the second dependent listed on our return. When we first got it, I assumed it was my son who recently filed his tax... See more...
We got the IND-517-02 rejection code. I'm trying to confirm that that means it's the second dependent listed on our return. When we first got it, I assumed it was my son who recently filed his taxes incorrectly indicating that no one else can claim him as a dependent.  However, if, as I believe, the 02 means that it's the second listed dependent, that indicates it's my daughter -- who doesn't file taxes.   I know in either case we now need to print and file by mail -- but can someone confirm my understanding of the code so that I can take the appropriate steps.  Is there anyway my co-filing wife could be "01" and my son "02"?
  When entering the 1099 NEC, it asks if the payers # is in SSN or EIN form, and I said SSN form and entered that. And now it's asking for the EIN but I don't have one.  
It looks like it's carrying forward the excess contributions. I'm just confused why it would carry forward when it should not have been contributed in the first place? The 6% penalty was paid last ye... See more...
It looks like it's carrying forward the excess contributions. I'm just confused why it would carry forward when it should not have been contributed in the first place? The 6% penalty was paid last year and the money was removed from the account.
If your Medicare premiums are reported on your Form SSA-1099, you should enter them as follows:   Sign in to TurboTax and choose continue or Pick up where you left off On the left side bar,... See more...
If your Medicare premiums are reported on your Form SSA-1099, you should enter them as follows:   Sign in to TurboTax and choose continue or Pick up where you left off On the left side bar, choose Federal and then Wages & Income Scroll through the Income section and choose Retirement Plans and Social Security Select Start/Revisit next to Social Security (SSA-1099, RRB-1099) Choose Yes on the screen Did you receive Social Security or Railroad Retirement benefits in 2024? Walk through the interview questions and enter your Form SSA-1099     If you paid the medicare premiums directly, then follow these steps to enter them:    Sign in to TurboTax and choose continue or Pick up where you left off On the left side bar, choose Federal and then Deductions & Credits Select Start/Add/Edit next to Medical Expenses Walk through the interview questions and enter your Medicare premiums as Medical insurance premiums