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April 14, 2025
9:04 PM
Based on Us and China treaty. There is a $5000 exemption and the fellowship exemption. I got a 1042-S for fellowship. And it seems the $5000 didn’t get exempted according to my W2. I am a resident al...
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Based on Us and China treaty. There is a $5000 exemption and the fellowship exemption. I got a 1042-S for fellowship. And it seems the $5000 didn’t get exempted according to my W2. I am a resident alien for tax purposes. Can I claim both exemption and how?
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April 14, 2025
9:03 PM
You can disregard. While this is what is visually causing the change, something else is ultimately driving the change....its just not clear what it is.
April 14, 2025
9:03 PM
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April 14, 2025
9:03 PM
I'm a nonresident of Georgia investing in a real estate syndication that has losses in 2024. I want to show these passive losses to offset against future income from the investment. I've entered the ...
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I'm a nonresident of Georgia investing in a real estate syndication that has losses in 2024. I want to show these passive losses to offset against future income from the investment. I've entered the net loss from real estate activities from GA Form 700, as well as the additions to federal income and subtractions from federal income (which I believe are depreciation related). However, I'm getting an error that Schedule 3, Line 8A for income and adjustments from all sources does not equal Georgia source amount plus other state source amount. Backing into the numbers, I can tell I am out by the net loss from RRE activities, but unsure of how to show this on the GA return.
April 14, 2025
9:03 PM
I started a new business and received $8000 from investors as well as put in 1000 of my own money to get it started and I don't know how to enter that
April 14, 2025
9:03 PM
1 Cheer
One of the threads mentioned above stated that you cannot fix this in the step by step view. You must go into forms view and make a change. I followed that and Turbotax let me e-file, but it is sti...
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One of the threads mentioned above stated that you cannot fix this in the step by step view. You must go into forms view and make a change. I followed that and Turbotax let me e-file, but it is still pending in the NJ system. (Federal was accepted.) I got confirmation from NJ Division of Taxation that accrued market discount on UST is tax exempt, but it is not true in every state. TaxAct has a nice screen in their NJ module. It presents what it thinks are NJ taxable and tax exempt interest and allows you to adjust them. Wish Turbotax had this.
April 14, 2025
9:03 PM
Unless your adult child is age 24 or under and a full time student or permanently and totally disabled, you can't claim him as a Qualifying Child. However, you may be able to claim him as a Qualifyi...
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Unless your adult child is age 24 or under and a full time student or permanently and totally disabled, you can't claim him as a Qualifying Child. However, you may be able to claim him as a Qualifying Relative. See the following TurboTax article for more information:
Rules for Claiming Dependents on Taxes
April 14, 2025
9:02 PM
I had this message when I imported information for dividend interest. The message went away if i continued to the next page and answered the question that no other conditions applied.
April 14, 2025
9:01 PM
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April 14, 2025
9:01 PM
You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
...
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You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
Start a 2024 return online and enter some personal information so that the menu on the left opens up and lets you access your past year returns.
https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
Or did you use the desktop version of TurboTax? If so, the files are on your own hard drive or any backup device you used like a flash drive.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei
https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0
You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc
In order to transfer a past year return to the new return you need the tax file
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl
NOTE: TurboTax and the IRS save returns for seven years. Returns older than seven years are purged.
April 14, 2025
9:00 PM
I saw your message - I am having the same problem - how do i fix it
April 14, 2025
9:00 PM
I sold a domain name for $7,500, and want to treat it as a long-term capital gain since I've had it for many years. I transacted it on PayPal, and have received a 1099-K. This is taxed as regular i...
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I sold a domain name for $7,500, and want to treat it as a long-term capital gain since I've had it for many years. I transacted it on PayPal, and have received a 1099-K. This is taxed as regular income I believe. So how to report it as a capital gain instead?
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April 14, 2025
8:58 PM
I need to see the returns.
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April 14, 2025
8:58 PM
You can complete a Form 4852, Substitute for Form W-2, Wage and Tax Statement. To do so in TurboTax see the following: How do I file a substitute W-2 using Form 4852?
April 14, 2025
8:58 PM
1 Cheer
April 15th.
How do I file an IRS tax extension?
How do I file an extension for my personal state taxes?
April 14, 2025
8:57 PM
I have been able to file my adult son on my tax returns every year and now this year they rejecting my taxes because he is on my return as my dependent, why is that?
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April 14, 2025
8:57 PM
I have been able to file my adult son on my tax returns every year and now this year they rejecting my taxes because he is on my return as my dependent, why is that?
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April 14, 2025
8:57 PM
https://turbotax.intuit.com/irs-tax-extensions/
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_US_en_US?uid=m9a3q808