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April 14, 2025
11:24 AM
No. If you have NO other income and are not filing a return otherwise, then no, you do not need to file a return for this. If you are filing a return, you do need to include it on the return.
April 14, 2025
11:24 AM
@nhkyn , Salam Aliquom
(a) Are you a US person ( citizen/GreenCard/ Resident for Tax purposes ) ? If not US citizen, then citizen of which country ? If you are on work visa -- Resident for Tax...
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@nhkyn , Salam Aliquom
(a) Are you a US person ( citizen/GreenCard/ Resident for Tax purposes ) ? If not US citizen, then citizen of which country ? If you are on work visa -- Resident for Tax Purposes , which visa ?
(b) Your pension distribution you said is lump sum , does this mean a total distribution ? Why is the taxable amount different from gross distribution ? Is this because of your own contribution or what ?
(c) Was this your first year of pension -- is this because you are no longer a UK resident, because of age or what ?
(d) Are you currently in the USA or in the UK ?
I am trying to understand the whole situation, specifically for treaty considerations, taxability of the pension amount etc. Obviously and based on your answers, there may be more questions to answer.
I will circle back once I hear from you --yes ?
pk
April 14, 2025
11:24 AM
Since my daugter is still a dependent of mine and will not earn more that $13,000 a year, how should she complete the W4
April 14, 2025
11:24 AM
Thank you. I should also note that I did indicate correctly for my first submission of the 1040 that I went through the Market Place for healthcare. The return was not accepted as the 8962 form was...
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Thank you. I should also note that I did indicate correctly for my first submission of the 1040 that I went through the Market Place for healthcare. The return was not accepted as the 8962 form was not included. I submitted a second time saying that I did NOT go through the Market Place. This was a mistake but the return was of course accepted. I'm guessing that since the IRS has a copy of my 1095-A that this will elicit a 12C. Does the Community concur with this guess?
April 14, 2025
11:24 AM
No.
You cannot deduct points that you did not pay.
April 14, 2025
11:24 AM
I just received my 2024 limited partner Final K-1 showing a Box 1 Ordinary Business Loss of $3,483. Same amount is in Box 20, Code Z and Code AJ. I don't know why the loss isn't showing up in my des...
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I just received my 2024 limited partner Final K-1 showing a Box 1 Ordinary Business Loss of $3,483. Same amount is in Box 20, Code Z and Code AJ. I don't know why the loss isn't showing up in my desktop TurboTax 1040 calculations. There was no loss carryover from 2023. Any recommendations?
April 14, 2025
11:24 AM
Did the line g solution work for you? Did you need to provide a copy of the will? I have a similar situation.
April 14, 2025
11:23 AM
Have you entered your income earned from working yet? The childcare credit will not work until you have entered your W-2 income or income from self-employment that shows a profit. And...you cannot ...
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Have you entered your income earned from working yet? The childcare credit will not work until you have entered your W-2 income or income from self-employment that shows a profit. And...you cannot get the childcare credit if you are filing married filing separately.
You will not get the childcare credit until (unless) you enter income earned from working. The credit does not work unless you enter your income first. If you are filing a joint return you must show income for both spouses, or show that one or both of you was a student or disabled. If you have self-employment income and show a loss you will not get the childcare credit. You will not get the credit if you are filing married filing separately.
If you have entered all of your income and you have entered your dependent(s) then work on the childcare credit by entering the Tax ID or Social Security number of your childcare provider and enter the amount you paid for the childcare.
One of the most common mistakes that messes up the childcare credit for people is listing all of the earned income under only one name on a joint return. Make very sure that your incomes are listed under each of your names. It’s pretty easy to check. Go to the Income section, and click “update” on Wages and Salary. That will take you to the W-2 Summary. Do you see income listed under both of your names?
The person receiving the care had to be 12 or under or qualified as mentally or physically disabled. To claim the childcare credit you need to be filing as Head of Household or Married Filing Jointly. (NOT married filing separately)
If your child was born in 2024 make sure you say the child lived with you all year. The credit is a percentage of your expenses based on your AGI (the higher the income, the lower the percentage) You must provide the Social Security number for each child you are claiming, and the Social Security number or Tax ID for each care provider.
In the case of divorced or never-married parents—only the custodial parent can use the childcare credit.
And remember that the childcare credit is a NON-refundable credit. It can reduce your tax owed down to zero, but it is not added to your refund.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-dependent-care-credit/L8h8A5Klg_US_en_US?uid=m5yifys1
https://turbotax.intuit.com/tax-tips/family/the-ins-and-outs-of-the-child-and-dependent-care-tax-credit/L2H7rzUWc
Federal>Deductions and Credits>You and Your Family>Child and Dependent Care Credit
April 14, 2025
11:23 AM
Yep! Thank you! I completely forgot to take capital gains payouts into account. That's exactly what it is.
April 14, 2025
11:23 AM
This sounds like the information is coming from the Education Expenses section of TurboTax. Return to that area under Deductions & Credits and answer "yes" to the question about if your school has ...
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This sounds like the information is coming from the Education Expenses section of TurboTax. Return to that area under Deductions & Credits and answer "yes" to the question about if your school has a foreign address, then complete the information on that screen. It should look similar to this
April 14, 2025
11:23 AM
1 Cheer
You are filing an AL nonresident form. If you are an AL resident, review your information in the personal section and select in the AL program that you are a resident.
April 14, 2025
11:23 AM
Cutting off support in only 3 years is absurd. Support for a more extensive archive at least is almost trivial. C'mon, Intuit, you're making plenty of money off of us. I need support for 2020, 2019 a...
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Cutting off support in only 3 years is absurd. Support for a more extensive archive at least is almost trivial. C'mon, Intuit, you're making plenty of money off of us. I need support for 2020, 2019 and maybe earlier. TurboTax Premier for Mac.
April 14, 2025
11:23 AM
I am not a happy camper. My turbo deluxe addition allowed me to do 2 state returns so far without trying to charge me $45. But NOW I am on my second kid's return and they are saying I owe $45 just to...
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I am not a happy camper. My turbo deluxe addition allowed me to do 2 state returns so far without trying to charge me $45. But NOW I am on my second kid's return and they are saying I owe $45 just to start the state portion. It's the same state Turbo Tax! Why are you trying to charge me $45 just to do the taxes?
April 14, 2025
11:23 AM
I have entered the costs of goods, but it is not displaying when I hit enter.
April 14, 2025
11:22 AM
If you used TurboTax last year you can get a previous year tax return:
Sign in to your TurboTax account.
Make sure you're using the same TurboTax account (same user ID) as in previous years....
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If you used TurboTax last year you can get a previous year tax return:
Sign in to your TurboTax account.
Make sure you're using the same TurboTax account (same user ID) as in previous years.
There are two ways to get your prior-year returns:
Select Documents from the menu,
Choose the tax year you want, and
select Download tax PDF.
The second way is:
On Tax home,
scroll down and select Your tax returns & documents.
Select the year you want and select Download/print return (PDF).
April 14, 2025
11:22 AM
If I use the same turbo tax deluxe desktop software to file 2 different tax returns, does each person need to create their own intuit account?
April 14, 2025
11:22 AM
Topics:
April 14, 2025
11:22 AM
If you have improvements to your rental, add that cost as a separate real estate asset for your Schedule E rental property. You wouldn't change the basis of an existing asset; you add a new one.
...
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If you have improvements to your rental, add that cost as a separate real estate asset for your Schedule E rental property. You wouldn't change the basis of an existing asset; you add a new one.
However, you may be able to write off these costs if you qualify for the Safe Harbor Election for Small Taxpayers. TurboTax will ask you about this election under the Assets/Depreciation section of your Rental Property. If you choose this election, you can expense up to $10,000 in costs that would otherwise be depreciated over a very long time.
@prerak007
April 14, 2025
11:22 AM
If your mother was not past her RMD beginning date, then you do not have an RMD for this distribution.
If your mother was past her RMD beginning date, and she withdrew her RMD (or more) before ...
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If your mother was not past her RMD beginning date, then you do not have an RMD for this distribution.
If your mother was past her RMD beginning date, and she withdrew her RMD (or more) before she died, then you do not have an RMD for this distribution.
If your mother was past her RMD beginning date, and she did not withdraw her RMD before she died, then your RMD is 25% of what her RMD would have been. Her RMD is calculated from IRS tables based on her age and the account balance on 12/31/2023. The broker should be able to tell you what that was.