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April 7, 2025
6:03 AM
You will enter the withheld taxes next year on your 2025 return when you get the 2025 Form 1099-R since the withholdings are reported in the year that the tax was withheld. You must include t...
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You will enter the withheld taxes next year on your 2025 return when you get the 2025 Form 1099-R since the withholdings are reported in the year that the tax was withheld. You must include the excess deferral in your wages in the year the excess deferral happened. All you need to do next year add the 2025 Form 1099-R. Please follow the steps below in your 2024 return to add the excess deferral on line 1h of Form 1040: Login to your TurboTax Account Click "Wages & Income" (under Federal) on the left side of your screen Scroll down to "Less Common Income" and click "Show More" Scroll down to "Miscellaneous Income, 1099-A, 1099-C" and click "Start" Select "Other income not already reported on a Form W-2 or Form 1099" and click "Start" On the "Did you receive any other wages?" screen answer "Yes" and click "Continue" Continue until you get to the "Any other earned income" screen, answer "Yes" and click "Continue" On the "Enter Source of Other Earned income" screen select "Other" and click "Continue" On the "Any Other Earned Income" screen enter "2024 Excess 401(k) Deferrals" for the description, enter the amount and click "Done". Please see Pub 525 for additional information.
April 7, 2025
6:02 AM
If you are late to pay federal tax, you are subject to owing interest on the late payments.
If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.
If...
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If you are late to pay federal tax, you are subject to owing interest on the late payments.
If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.
If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.
https://www.irs.gov/payments
https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212
https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403
To apply for a payment plan with the IRS
Apply Online for a Payment Plan
You must pay your state tax due using the state’s preferred method of receiving payment. For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
April 7, 2025
6:02 AM
Perhaps @DanaB27 can help.
April 7, 2025
6:00 AM
"A parent can only claim a child if married filing jointly when they are only filing to claim a refund."
That may need a little clarification. What it means is: if your income is so low, that ...
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"A parent can only claim a child if married filing jointly when they are only filing to claim a refund."
That may need a little clarification. What it means is: if your income is so low, that you are not required to file, but your need to get your withholding back, you can file jointly, even if one of you is a dependent.
In your case, your income is so high (one of you has $70K), that doesn't apply. If one of you is claimed as a dependent, you cannot file jointly.
April 7, 2025
6:00 AM
Sorry--no. You cannot use TurboTax to file just one state form. See if you can do that on the state's website.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contac...
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Sorry--no. You cannot use TurboTax to file just one state form. See if you can do that on the state's website.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
April 7, 2025
5:58 AM
If you are in the Online program I suggest you run the Federal Review program.
Located under Federal on the left sidebar.
This will review what you've posted so far, and identify problem ...
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If you are in the Online program I suggest you run the Federal Review program.
Located under Federal on the left sidebar.
This will review what you've posted so far, and identify problem areas.
You can enter corrections directly from fere.
April 7, 2025
5:58 AM
If you have a retirement plan work and are over a certain income then your deduction is limited automatically. Please see IRA deduction limits for more details. It seems you are in the phaseout range...
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If you have a retirement plan work and are over a certain income then your deduction is limited automatically. Please see IRA deduction limits for more details. It seems you are in the phaseout range where you can get a partial deduction. So part of your contribution is already automatically nondeductible ($280).
If you are performing a backdoor Roth then you correctly selected to make the rest nondeductible.
April 7, 2025
5:58 AM
You can use a general description, such as "Salaries and Wages."
April 7, 2025
5:57 AM
This IS an IRS requirement NOT a TurboTax requirement.
When self-preparing your taxes and filing electronically, you must sign and validate your electronic tax return by entering your prior-ye...
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This IS an IRS requirement NOT a TurboTax requirement.
When self-preparing your taxes and filing electronically, you must sign and validate your electronic tax return by entering your prior-year Adjusted Gross Income (AGI) or your prior-year Self-Select PIN.
April 7, 2025
5:57 AM
What if I am getting the error but box 2a is not blank?
April 7, 2025
5:57 AM
Go to Federal>Deductions and Credits>Your Home>Property Tax
Remember that the property tax deduction is capped at a total of $10,000 for primary and second homes.
April 7, 2025
5:56 AM
Yes, you can try obtaining a copy from the IRS even though you have not yet filed your tax return. Use the link below to start the process. You may have to wait, but can file an extension if it's not...
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Yes, you can try obtaining a copy from the IRS even though you have not yet filed your tax return. Use the link below to start the process. You may have to wait, but can file an extension if it's not yet available.
Transcript or Copy of W-2
How do I file an IRS tax extension?
If you do have your last pay stub from your employer you can create a substitute W-2 and mail your tax return.
How do I file a substitute W-2 using Form 4852?
@dmajorhoffman88
April 7, 2025
5:56 AM
Property tax is entered under
Deductions & Credits
Your Home
Property Taxes
In this section please enter the taxes paid on your main home and also all other property tax paid on additiona...
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Property tax is entered under
Deductions & Credits
Your Home
Property Taxes
In this section please enter the taxes paid on your main home and also all other property tax paid on additional homes as one additional entry. (Add the taxes paid on homes other than your personal residence)
April 7, 2025
5:55 AM
1 Cheer
Select Tax Tools
You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
You will then clearly see Tax Tools
Click the arrow to up to see a...
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Select Tax Tools
You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar.
You will then clearly see Tax Tools
Click the arrow to up to see additional options
Once you can work on Tax Tools
On the drop-down select Tools
There will be 3 or 4 green boxes
Select Topics Search
Type 2210
Continue the interview to update withholdings
Continue through the interview.
April 7, 2025
5:55 AM
You can get a wage and income transcript from the IRS: It will not show the actual W-2, 1099’s, etc, but will show the income information the IRS received. It will not, however, show your state inf...
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You can get a wage and income transcript from the IRS: It will not show the actual W-2, 1099’s, etc, but will show the income information the IRS received. It will not, however, show your state information. It will only show the federal information.
https://www.irs.gov/individuals/get-transcript
Pay Social Security $62 per tax year for your W-2’s.:
https://faq.ssa.gov/en-US/Topic/article/KA-02501
The form 4852 is a last resort. This is what the form says:
If you don’t receive the missing or corrected form from your employer or payer by the end of February, you may call the IRS at 800-829-1040 for assistance. You must provide your name, address (including ZIP code), phone number, social security number, and dates of employment. You must also provide your employer’s or payer’s name, address (including ZIP code), and phone number. The IRS will contact your employer or payer and request the missing form.
Because of this, you cannot e-file a return with a 4852, it must be mailed in. I hope you can make the employer realize they really do want to make time now.
April 7, 2025
5:54 AM
@simonll75 Beyond that...no one can hazard a guess....since you didn't indicate WHICH State you are asking about. Each state has entirely separate rules, and someone with that state's softw...
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@simonll75 Beyond that...no one can hazard a guess....since you didn't indicate WHICH State you are asking about. Each state has entirely separate rules, and someone with that state's software might know what's going on, once they see which state you are talking about.
April 7, 2025
5:54 AM
1 Cheer
The medical imaging devices would be entered as Assets on your Schedule C business.
When working through the business expenses, look for the section for Business Assets being Depreciated to e...
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The medical imaging devices would be entered as Assets on your Schedule C business.
When working through the business expenses, look for the section for Business Assets being Depreciated to enter the information about the machines. Unless they are used as a single unit, you would enter each machine as its own Asset. TurboTax will lead you through this section as you enter the information about the machines and give you choices with regard to depreciating them over time or writing off the cost or a portion of the cost in a single year.
April 7, 2025
5:53 AM
I am using TurboTax Home and Business. On Schedule 1, I need to enter an amount at the top of the schedule to offset a loss for personal items sold at a loss. I have entered my 1099-k but cannot se...
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I am using TurboTax Home and Business. On Schedule 1, I need to enter an amount at the top of the schedule to offset a loss for personal items sold at a loss. I have entered my 1099-k but cannot see how to enter the offsetting amount. It seems that the top line cannot be edited. Any insight on this would be appreciated. Thanks.
April 7, 2025
5:53 AM
To transfer a 2023 file into 2024 Desktop (Windows) program, follow these steps:
On your PC, find last year's tax file and copy it to a removable device like a thumb drive or flash drive.
...
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To transfer a 2023 file into 2024 Desktop (Windows) program, follow these steps:
On your PC, find last year's tax file and copy it to a removable device like a thumb drive or flash drive.
On your Mac, copy the tax file from the device to your desktop.
Open TurboTax for Mac and choose File New Tax Return.
Select Begin.
TurboTax will search for 2022 tax return files on your computer and should find it. If it doesn't, select Find your tax return.
Wait for TurboTax to finish transferring the information over.
For a MAC or a PDF download see How do I transfer last year's return
April 7, 2025
5:53 AM
1 Cheer
TurboTax does not have your W-2. W-2’s come from employers.
ALL of your W-2’s must be entered on the SAME tax return.
Go to Federal>Wages & Income to enter a W-2.
After you enter t...
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TurboTax does not have your W-2. W-2’s come from employers.
ALL of your W-2’s must be entered on the SAME tax return.
Go to Federal>Wages & Income to enter a W-2.
After you enter the first one, you click Add Another W-2.
W-2's come from your employer, and they have until January 31 to issue it. Some employers allow you to import the W-2 through the software, but for security reasons you still need information from the actual W-2 to import it. Some employers have payroll sites that will have your W-2. You might need to phone, drop in, email and/or snail mail an old employer to make sure they know where to send your W-2.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/get-copy-w-2/L8FTim9MO_US_en_US?uid=m68ee4os
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import-enter-w-2/L55HzdeDr_US_en_US?uid=m68efe36
And….SAVE YOUR OWN W-2! TURBOTAX DOES NOT SAVE IT FOR YOU. TurboTax will not have a copy of it in your account and will not have an image even if you snapped a photo or imported it. It is up to you to save it for your own records as stated on the back of the W-2.
https://ttlc.intuit.com/community/income/help/what-if-it-s-february-but-i-still-don-t-have-my-w-2/00/25998