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April 14, 2025
9:48 AM
Can someone provide some help?.... This is my 1099-R from Vanguard... 1 Gross Distribution: 6,298,87 2 Taxable Amount: ...
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Can someone provide some help?.... This is my 1099-R from Vanguard... 1 Gross Distribution: 6,298,87 2 Taxable Amount: 6,298.87 2a Taxable Amount Not Determined X Total Distribution X 7 Distribution Code(s) 2 IRA/SEP/SIMPLE X 16 State Distribution 6,298.87 On the 1040, both lines 4a & 4b are 6,300 This conversion is all post-tax and there is no balance in my traditional, yet TurboTax is calculating Tax on the 1099-R and it shouldn't.
April 14, 2025
9:48 AM
Yes, you must report Paid Family Leave income on your federal income tax return.
April 14, 2025
9:48 AM
I had a balance owed to the Internal Revenue Service I did pay that while I filed with TurboTax how can I be sure that that payment was received by the Internal Revenue Service
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April 14, 2025
9:48 AM
To file a new prior year tax return for 2023, 2022, or 2021, you will need to purchase and download that year's software since TurboTax Online and the mobile app are only available for the current ta...
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To file a new prior year tax return for 2023, 2022, or 2021, you will need to purchase and download that year's software since TurboTax Online and the mobile app are only available for the current tax year. See the link below to purchase and download the 2023 software.
File your 2023 taxes
April 14, 2025
9:48 AM
Turbo Tax file ill not open
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April 14, 2025
9:47 AM
I am surprised that your second attempt at filing was not also rejected, since the IRS knows that you should have attached form 8962.
Yes, they will charge you interest on what you should have...
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I am surprised that your second attempt at filing was not also rejected, since the IRS knows that you should have attached form 8962.
Yes, they will charge you interest on what you should have paid by April 15th.
In the meantime, create your amended tax return (1040X), and e-file it. This time, before you hit Send or File or whatever, take a deep breath and ask yourself, "Is this return correct?".
Although there is no deadline on this, you are motivated to do this sooner than later, because the 1040X and the payment with it will stop any further interest being charged.
April 14, 2025
9:47 AM
Thank you so much for the quick answer. So if the LLC deducts the health insurance premiums on the 1065 deduction schedule, that should be included in the K1 box 13 as code M? I am having an issue...
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Thank you so much for the quick answer. So if the LLC deducts the health insurance premiums on the 1065 deduction schedule, that should be included in the K1 box 13 as code M? I am having an issue understanding this because the health premiums are deducted PRE TAX on the 1065 and it allows me to deduct them on my personal taxes too??
April 14, 2025
9:47 AM
If you need your return reviewed, then run the complete check and a pop-up will appear. See: What if I need my return completely reviewed?
April 14, 2025
9:46 AM
No, check your entries- you must have a typo.
April 14, 2025
9:46 AM
Hello there, I want to close my S corporation in 2025. I filed for an extension for 2024 due to some family issues. S corporation - only one employee on a W-2. The company received 2 checks in Ja...
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Hello there, I want to close my S corporation in 2025. I filed for an extension for 2024 due to some family issues. S corporation - only one employee on a W-2. The company received 2 checks in January 2025 for services that were performed in December 2024. The checks total $363.44. All required 941, 940, and Social Security tax forms were submitted and paid on time. When should I file my 2025 closing report with the IRS? Do I have to file a 941 for the first quarter with no income? What date should I include on my final closing tax report? Thanks a lot.
April 14, 2025
9:46 AM
I would suggest that you file an extension while waiting for the missing form.
You would have to pay any tax due by April 15 to avoid penalties and interest.
There is no fee for filing a...
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I would suggest that you file an extension while waiting for the missing form.
You would have to pay any tax due by April 15 to avoid penalties and interest.
There is no fee for filing an extension in TurboTax.
Please read this TurboTax Help topic for instructions on how to file a Federal extension and this one on how to file a state extension.
April 14, 2025
9:46 AM
The options are the standard deduction and itemized deductions. Your dependent would not likely have expenses to itemize, therefore the standard deduction would be the one to take. Itemized deducti...
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The options are the standard deduction and itemized deductions. Your dependent would not likely have expenses to itemize, therefore the standard deduction would be the one to take. Itemized deductions include medical expenses, charitable donations, mortgage interest, property taxes. So since your 15 year did not likely pay them in an amount that was greater than her standard deduction, then she would take the standard deduction.
April 14, 2025
9:46 AM
The 1099-s are q whole family of forms, but a sample is as follows
If you want a specific form please contact us again
You can [Edit] or add the 1099- DIV / INT by following these steps.
...
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The 1099-s are q whole family of forms, but a sample is as follows
If you want a specific form please contact us again
You can [Edit] or add the 1099- DIV / INT by following these steps.
Under Federal
Select Wages & Income
Scroll to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
Click Add/Edit
You will see previously entered 1099s
If you already have it posted
Select the 1099-INT you wish to edit
Press the down arrow
Select [Edit]
If it isn't posted [+Add Investment]
April 14, 2025
9:45 AM
TurboTax will determine whether you qualify for a deductible contribution to a traditional IRA.
Down the left side of the screen, click Federal.
Down the left side of the screen, click De...
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TurboTax will determine whether you qualify for a deductible contribution to a traditional IRA.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Deductions & Credits.
Click the down arrow to the right of Retirement and Investments.
Click to the right of Traditional and Roth IRA Contributions.
April 14, 2025
9:45 AM
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April 14, 2025
9:45 AM
I need to amend an item on my 2024 return. I filed it on March 30th and received my direct deposit on April 7th. My problem is when I open my 2024 Premier desktop version the first page gives the op...
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I need to amend an item on my 2024 return. I filed it on March 30th and received my direct deposit on April 7th. My problem is when I open my 2024 Premier desktop version the first page gives the option to file an amendment, however when I click on that it starts to ask me questions as if I'm starting a new return. I have tried loading my return first, but when it comes up there doesn't seem to be an option/link to start the amendment. Any help with this would be appreciated.
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April 14, 2025
9:45 AM
Greater Community Bank of Georgia
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April 14, 2025
9:44 AM
Thank you for your reply! However, do PA usually need to attach supporting documents, like utility bills, and insurance? I mean, I thouhgt that it is faster via TurboTax if documents not required? Do...
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Thank you for your reply! However, do PA usually need to attach supporting documents, like utility bills, and insurance? I mean, I thouhgt that it is faster via TurboTax if documents not required? Do you know how usually PA handles this?