All Posts

Sorry I should have clarified more. On box one my gross distribution was $3365.38. On box 4 which is labeled Federal Income Tax Witheld it shows $336.54. When I withdrew the money from the account they had an option to pay the 10% early withdrawal then with my disbursement. So shouldn’t that tax have been paid? Or am I wrong? Thank you for your help!!

Skip past the screen with the list of banks by selecting "Skip Import" or "I'll type the info in myself".   Then enter the bank name and the interest in the area for Box 1.  Leave the EIN field blank if you see it. 

@jcraymond Veuillez faire les vérifications suivantes:   Dans les paramêtres de Windows, sélectionnez Windows update // Click vérifier mises à jour disponibles // S'il y en a qui s'affichent, veuillez faire l'installation de TOUTES les mises à jour même les optionnelles. Redémarrer votre ordinateur.   Désactivez temporairement (exemple: 15 min) votre antivirus, pare-feu, VPN Assurez-vous que vous êtes bien sur le profil administrateur de votre ordinateur Assurez-vous de ne pas essayer de faire l'installation dans un Drive (cloud) Retéléchargez le logiciel mais exécutez-le en mode administrateur (click droit sur l'aplication // choisir ouvrir en mode administrateur   Si ça ne fonctionne pas, veuillez faire les vérifications aditionelles suivantes:   Allez dans panneau de configuration // horloge et régions Sélectionnez Régions // cliquez sur l'onglet Administrateur // sélectionnez Modifier les paramêtre régionaux Assurez-vous que vous êtes sous Français (Canada) et décochez la case béta : utiliser la langage Unicode ....  (voir capture d'écran qui suit)     Laissez-nous savoir si vous avez pu faire l'installation avec succès.   Merci de choisir TurboImpôt.

PA Schedule G is intended for use by a taxpayer who has income in any class of income that is also subject to tax in any other state or country.  If you worked or had income in other states, this is added so that you are not double-taxed.  

STUDENT LOAN INTEREST Only the person whose name is on the student loan and who is legally obligated to pay the loan can deduct the student loan interest. If you co-signed then you are legally obligated to pay if the primary borrower defaults or does not pay.    If you did not sign or co-sign for the loan you cannot deduct the interest.   WHERE DO I ENTER STUDENT LOAN INTEREST https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/enter-student-loan-interest-form-1098-e/L1QGfOUCp_US_en_US?uid=m6egbegu

It depends. See the answer to your questions below, however you do need the forms and statements to complete your tax return. The information must come from the partnership forms. The fact that they are publicly traded partnerships (PTPs) has significance tax implications to determine what you can actually use on your tax return when it comes to any losses.  If necessary, you can file your return and then later amend, or file an extension until you have all the relevant information to file. Do not enter any interest, dividends or capital gains if they are already reported on 1099-INT, 1099-DIV, or 1099-B. Instead report only the other information from the K1 that is not reported elsewhere such as your Section 199A information and income in lines 1, 2, or 3. Most often when there is Section 199A, qualified business income (QBI) a statement that accompanies the K1 to show you what to enter for either or both of unadjusted basis immediately after acquisition (UBIA) of equipment, and possibly employee wages. If you don't have this contact the agent who sent the K1. Schedule K-3 (Form 1065) reports items of international tax relevance from the operation of a partnership. You must include this information on your tax or information returns, if applicable. Use the following information to decide if you would like to file an extension. How do I file an IRS tax extension? Be sure to eliminate any underpayment penalty by using the information below to see if a payment should accompany your extension should you decide to use that.    Generally, you can avoid the penalty if your total timely estimated payments and withholdings are greater than or equal to the lesser of: 90% of the total tax after credits for the current year, or 100% of the total tax after credits in the prior year See one exception below. You can also avoid the penalty if the amount you owe is less than $1,000 as long as any estimated tax payments you made are timely.   Note: High-income taxpayers. If your adjusted gross income (line 11 of your 2023 Form 1040) is greater than $150,000 (or $75,000 if you're married and file a separate return from your spouse), you can avoid a penalty by paying at least 110% of your total tax from the prior year.

To access your tax returns (current or prior year) you will sign into the TurboTax website with the user ID you used to create the account - https://myturbotax.intuit.com/   Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)   As an alternative for current year return, when you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a State (You will not really be adding a state).    This will take you back in to the 2024 online tax return.   Click on Tax Tools on the left side of the online program screen.  Find the Print Center and choose the year you want to print.  If you want your full return including worksheets, choose the option Include government and TurboTax worksheets.

Your SS benefits are on a SSA-1099 not a 1099-R.   You can enter your SSA-1099 by doing the following • Click Federal • Wages & Income • See all income • Scroll down to retirement click show more • Click start next to SSA-1099 • Answer the questions and enter your SSA-1099    

@shz Please refer to your previous year's successfully filed tax return to confirm personal information and SIN entered. Or refer to your SIN card or letter issued by Service Canada to ensure the names entered match the information on your current tax return. If still unsuccessful, please contact CRA at 1-800-959-8281 for assistance.