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April 7, 2025
8:12 PM
Here's instructions for How to Change Your Security Question.
@arerskine
April 7, 2025
8:12 PM
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April 7, 2025
8:12 PM
If this is the first year you are making the election to file a joint return with your non-resident spouse, yes, write your spouse's name on the New York return with a black ink pen and also attach a...
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If this is the first year you are making the election to file a joint return with your non-resident spouse, yes, write your spouse's name on the New York return with a black ink pen and also attach a copy of Form W-7 with the state return.
April 7, 2025
8:12 PM
1 Cheer
That is self-employment income and it gets reported on Schedule C. He can use his name and home address for the business.
Where do I enter Schedule C? After setting up a business profile...
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That is self-employment income and it gets reported on Schedule C. He can use his name and home address for the business.
Where do I enter Schedule C? After setting up a business profile, you will be prompted to enter self-employment income (the 1099-nec) and then he can deduct expenses related to the income.
What self-employed expenses can I deduct?
I need to enter a 1099 - Am I Self-Employed?
April 7, 2025
8:10 PM
Go back to the HSA interview and continue until you get to the page asking about your HDHP coverage. You can change your selection to None there.
@jeffursch
April 7, 2025
8:10 PM
The IRS levies underpayment penalties if you don't withhold or pay enough tax on income received during each quarter. Even if you paid your tax bill in full by the April deadline or are getting a ref...
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The IRS levies underpayment penalties if you don't withhold or pay enough tax on income received during each quarter. Even if you paid your tax bill in full by the April deadline or are getting a refund, you may still get an underpayment penalty.
To possibly reduce or eliminate your underpayment penalty:
Open or continue your return.
Navigate to the underpayment penalty section:
TurboTax Online/Mobile: Go to annualizing your tax.
TurboTax Desktop: Select Search Topics. Search for and select annualizing your tax.
We'll take you through the steps to possibly reduce what you owe.
April 7, 2025
8:10 PM
For my amended return, the Form 2210 is asking me to put in a date for when this amended return will be filed. I put in tomorrow's date, because I want to look it all over again before filing. Wh...
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For my amended return, the Form 2210 is asking me to put in a date for when this amended return will be filed. I put in tomorrow's date, because I want to look it all over again before filing. When I run the "check" again, it takes me back to the same spot. Not sure what it want me to put in that box. Does it have to be TODAY'S date instead of tomorrow's (when I am actually going to file the amended return)?
April 7, 2025
8:10 PM
There is only one 20Z1 ( Box 1? ) and there is no 20Z2. When populating the second K1 for the Box 2 do you reuse the 20Z1?
April 7, 2025
8:09 PM
Please go back to that section
Wages & Income
Less Common Income
Miscellaneous Income, 1099-A, 1099-C Update
"Other income not already reported on a Form W-2 or Form 1099" Update...
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Please go back to that section
Wages & Income
Less Common Income
Miscellaneous Income, 1099-A, 1099-C Update
"Other income not already reported on a Form W-2 or Form 1099" Update
Other Wages Received Select "Yes" for "Did you receive any other wages?"
On the screen that follows with be your original erroneous entry, change to zero
April 7, 2025
8:08 PM
Thank you, @MarilynG1. I was not sure if there is additional information sent besides what shows on the PDF file for "All official forms required for filing" OR "Tax Returns Only" under "Forms to r...
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Thank you, @MarilynG1. I was not sure if there is additional information sent besides what shows on the PDF file for "All official forms required for filing" OR "Tax Returns Only" under "Forms to review or keep for your records". BTW, what is the difference between these 2 options for form generation? I saved a PDF of both and they are identical.
April 7, 2025
8:07 PM
If you indicated you wanted to file by mail, when you Sign In, scroll down to 'Add a State'. This gets you back into your return.
Then click into Federal in the left-side menu, then at Tax Too...
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If you indicated you wanted to file by mail, when you Sign In, scroll down to 'Add a State'. This gets you back into your return.
Then click into Federal in the left-side menu, then at Tax Tools below that, click on Print Center.
Choose 'Federal Return', and 'Just my tax return', then below at 'View or Print Forms'.
A separate window opens, and you should see the Filing Instructions pages. You can print from this window, but you may want to save this PDF to your computer, so you have a complete copy of your return if you don't have one already. You can select which pages to print by clicking the print icon at the upper right.
@sc9173
April 7, 2025
8:07 PM
@sg281 Namaste ji
(a) Because of the way TurboTax works, the easiest way to exclude an income is to recognize it as "other income " -- showing up on Schedule 1 line 1 z and follow that...
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@sg281 Namaste ji
(a) Because of the way TurboTax works, the easiest way to exclude an income is to recognize it as "other income " -- showing up on Schedule 1 line 1 z and follow that with an equal and negative number again as "other income" and line 1 z but with the "exclude per "US-India Tax treaty article XX". It is a clutzy way but it works. You have recognized the income and excluded it.
(b) Note that under the treaty and per US technical explanation , if you stay post two year duration as J-1, US has the right to collect back taxes on all the excluded income. India uses "may" whereas US interprets this as "shall/will". So please beware of this position / requirement.
It is possible for taxable income to become zero ( negative defaults to zero). For e-filing AGI must be a non-zero positive number.
Schedule-OI is not available for form 1040 --- your memo for the exclusion of income on line 1 z of Schedule-1should suffice.
Is there more I can do for you.
Namaste ji
pk
April 7, 2025
8:06 PM
Hello, We had to move out of state for a job and as a result we had to rent our primary residence of over 2 years for rent for half of 2024. During the rental income section- turbo tax asked f...
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Hello, We had to move out of state for a job and as a result we had to rent our primary residence of over 2 years for rent for half of 2024. During the rental income section- turbo tax asked for total mortgage interest and split the interest based on days used for personal use and rental. The later portion of the mortgage interest was deducted from my rental income which is good. However when it came to deductions section for mortgage interest to claim on itemized deduction, turbo tax asked if the home was a primary residence, second home or rental. What is the right answer? We have not bought a second home and a renting while our primary is being rented out. If I select second home , I see the mortgage interest has double counted the difference of interest from the rental income section. Please help.
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April 7, 2025
8:06 PM
We will need to some context to determine which Worksheet A you are referring to. I found a Worksheet A in the 2023 NJ-1040 instructions, but it discusses the pension exclusion for 2023, and doesn't ...
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We will need to some context to determine which Worksheet A you are referring to. I found a Worksheet A in the 2023 NJ-1040 instructions, but it discusses the pension exclusion for 2023, and doesn't refer to an income number anyway.
So what is the context of this question?
April 7, 2025
8:06 PM
If I receive a dividend of $200 for an etf or mutual fund and then in less than 31 days sell spefic lots of the etf or mutual fund but not the shares received for dividend would the wash sale rule be...
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If I receive a dividend of $200 for an etf or mutual fund and then in less than 31 days sell spefic lots of the etf or mutual fund but not the shares received for dividend would the wash sale rule be invoked by brokerage disallowing the entire loss? Also, same question but decide to sell all of the lots of etf or mutual fund?
April 7, 2025
8:06 PM
April 7, 2025
8:06 PM
If the foreign tax is on your brokerage account, it should already be added into your return. Look at your sch 3, line 1 to verify your foreign tax credit. If not, add it under foreign taxes under de...
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If the foreign tax is on your brokerage account, it should already be added into your return. Look at your sch 3, line 1 to verify your foreign tax credit. If not, add it under foreign taxes under deductions and credits. To print or view your forms, including all worksheets: In desktop, switch to Forms Mode. For online: On the left side, select Tax Tools Select Print center Select Print, save or preview this year's return If you have not paid, select pay now. @PatriciaSuitt
April 7, 2025
8:05 PM
My husband provided some engineering consulting services one time in 2024. He was paid and received a 1099-NEC. How do we file that. He has an office in our home but no other expenses as he travels t...
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My husband provided some engineering consulting services one time in 2024. He was paid and received a 1099-NEC. How do we file that. He has an office in our home but no other expenses as he travels to the job site, does the work and comes back home. How do we file this?
April 7, 2025
8:04 PM
April 7, 2025
8:03 PM
I have completed my tax return and I am planning on mailing them tomorrow. I was checking them this evening and realized that my spouse's name is missing in the state tax Form IT-203 (NY) (this is th...
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I have completed my tax return and I am planning on mailing them tomorrow. I was checking them this evening and realized that my spouse's name is missing in the state tax Form IT-203 (NY) (this is the first time we are filing married-jointly). Since I haven't filed (mailed) taxes yet, is there any way I can put her name there without doing an amended return? Can I just write her name there with a pen? Thanks so much!!
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