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April 7, 2025
6:05 PM
Your federal withholdings will automatically be added to your return when you enter the income source. For example, if you have a W-2, federal withholding is reported in Box 2. When you enter all t...
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Your federal withholdings will automatically be added to your return when you enter the income source. For example, if you have a W-2, federal withholding is reported in Box 2. When you enter all the information from your W-2 into TurboTax, the credit will automatically populated on your tax return, Form 1040, Line 25. The same is true no matter where the tax was withheld from - a W-2, 1099, or another source.
April 7, 2025
6:05 PM
Hello, I experienced this exact same situation with regards to the tax liability either not dropping or going up. I did have Turbo Tax check the program and they insist that it is correct. In an...
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Hello, I experienced this exact same situation with regards to the tax liability either not dropping or going up. I did have Turbo Tax check the program and they insist that it is correct. In analyzing it myself and walking back through the steps: I believe this happens because a contribution to the ER portion of your solo 401k actual decreases your QBI deduction. The Qualified Business Income Deduction. The tax code limits that to specified income and at certain levels. The reason why I believed that there was an error in TT is because a contribution as an ER should still reduce your self employment tax. So even though TT insists it's correct; it still doesn't make complete sense that there is no accompanying reduction in the tax liability. The "counter" at the top of the program does not move.
April 7, 2025
6:04 PM
In the Federal review, TT wants me to fill in On form 1116 a line called "Adjusted basis of total investment assets". What is this?
April 7, 2025
6:04 PM
You can go HERE to download the TurboTax Desktop Software. When you select the product, it will give you the option of Windows or MacOs for the operating system. During installation, you will be as...
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You can go HERE to download the TurboTax Desktop Software. When you select the product, it will give you the option of Windows or MacOs for the operating system. During installation, you will be asked to enter your License Code.
Please see these TurboTax Help Articles for more information:
How do I get started with TurboTax Desktop
How do I find my license code?
Troubleshooting TurboTax Desktop for Mac Issues
April 7, 2025
6:03 PM
i want to open my 2023 return to find out what was listed as depreciation
April 7, 2025
6:03 PM
I got a W-2 with CA SDI in box 14 and the rest is empty from a lawsuit settlement. I entered this W-2 when going through the federal section but found out it was not included in the California schedu...
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I got a W-2 with CA SDI in box 14 and the rest is empty from a lawsuit settlement. I entered this W-2 when going through the federal section but found out it was not included in the California schedule W-2 when reviewing the forms. What should I do? Do I need to attach this W-2 when mailing my state tax return?
April 7, 2025
6:03 PM
The MW506NRS is the Application for Tentative Refund of Withholding on 2024 Sales of Real Property by Nonresidents, it is not a tax return. When you filed the MW506NRS you should have been refunded ...
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The MW506NRS is the Application for Tentative Refund of Withholding on 2024 Sales of Real Property by Nonresidents, it is not a tax return. When you filed the MW506NRS you should have been refunded your withholding from the sale, which usually only happens of you are expected to pay tax on the sale. You can check at Maryland filing requirements to see if you are required to file a tax return.
April 7, 2025
6:02 PM
Credits would be listed on Schedule 3 of Form 1040 or line 27 through 29 on your Form 1040.
To view your form 1040 and schedule 1 to 3:
Choose Tax Tools from your left menu bar in Turb...
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Credits would be listed on Schedule 3 of Form 1040 or line 27 through 29 on your Form 1040.
To view your form 1040 and schedule 1 to 3:
Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
Choose Tools
Choose View Tax Summary
See the Preview my 1040 option in the left menu bar and click on it
Choose the Back option in the left menu bar when you are done
April 7, 2025
6:01 PM
File 2024 1040
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April 7, 2025
6:01 PM
How do I get form 8949 for sale of home on turbo tax as am premier and can I put the sale expenses like commissions, escrow, title and other fees there and where.
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April 7, 2025
6:01 PM
I had the same concern. And nearly the same situation, my wife and I filing jointly and two dependents. One dependent did hers incorrectly. She amended hers without the IP pin. I got an IP pin for on...
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I had the same concern. And nearly the same situation, my wife and I filing jointly and two dependents. One dependent did hers incorrectly. She amended hers without the IP pin. I got an IP pin for only me and not my wife or other child. I was able to E file and got the messages back from state and federal that it was accepted. so far so good.
April 7, 2025
6:01 PM
It should be reported with your self-employment income. How do I enter a 1099-K for self-employment income?
April 7, 2025
6:00 PM
@fanfare I didn't choose to summarize - this is what TurboTax (Deluxe, Mac/PC edition) told me to do. when I connected it to my robinhood account, it gave some sort of an error. I have short term ga...
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@fanfare I didn't choose to summarize - this is what TurboTax (Deluxe, Mac/PC edition) told me to do. when I connected it to my robinhood account, it gave some sort of an error. I have short term gain (B) showing on my 1099-B. Can I somehow e-file everything? I am okay "not summarizing"
April 7, 2025
6:00 PM
I ended up removing TurboTax 2024 and then reinstalling it and I was able to get the required updates.
April 7, 2025
6:00 PM
Several states do not have a state income tax. So these states will not show up in certain drop down lists:
Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming
April 7, 2025
6:00 PM
i want to add federal withholding credit while filing. where to add
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April 7, 2025
5:59 PM
Every URL I go to does not have an option to sign in and put in my code! I just want to start1
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April 7, 2025
5:59 PM
AmyC, Thank you for taking time to review my TurboTax issue. I’m providing here additional details that should clarify what I see as a code bug in TurboTax 2024 Home and Business edition. ...
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AmyC, Thank you for taking time to review my TurboTax issue. I’m providing here additional details that should clarify what I see as a code bug in TurboTax 2024 Home and Business edition. I submit my 2024 tax return in February 2025, Turbo Tax calculated my refund to be $8013. I receive a letter from the IRS stating that “We have found an error on your 2024 Form 1040-SR, which affects the following area of your return” Itemized Deductions Further, IRS stated that: “We changed the amount claimed as total gifts to charity on your Schedule A, Itemized Deductions, because it was figured incorrectly or the amount was not limited based on your adjusted gross income.” Upon further review I found on TurboTax the following example: If your adjusted gross income is $50,000, and you donated $20,000 in cash, and $15,000 worth of goods. You can deduct only $5,000 of the goods this year ($25,000 limit - $20,000 cash donation = $5,000). Next year, you can deduct the remaining $10,000 (depending, of course, on your AGI). See charitable contribution carryover deduction for more information about charitable carryovers. I determined that using this example and applying it to my return TurboTax did not limit my deduction correctly, TurboTax applied all of my 2024 cash donations, 2024 non-cash donation and my 2023 carryover deduction with applying the limit to the results on line 14 on Schedule A See calculation: I am also including the Charitable Contributions from the Tax Return Transcript - Schedule A I believe that TurboTax has a programing/calculation error that must be acknowledged and fixed.
April 7, 2025
5:59 PM
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