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3 weeks ago
I do not have a 1099-Q. I was just calculating the amount I paid in rent and added that. I wasn't sure if I should include that or not, as technically I'm paying for rent through my stipend.
3 weeks ago
My son is non-dependent IL resident. He received some income from summer internship in CA reported on a W2. He also has income from Capital gains from sale of stocks (at that time he was not in CA, h...
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My son is non-dependent IL resident. He received some income from summer internship in CA reported on a W2. He also has income from Capital gains from sale of stocks (at that time he was not in CA, he was in IL). Will these capital gains still be taxed in CA? In turbotax there is this guidance (snapshot below) The only option it gives is to divide the income between CA and other sources, either you check "sale by sale" OR "total amount". There is no option to say N/A or none of the income is from CA. With the Capital gains he owes taxes. What is the appropriate way to file this tax return?
3 weeks ago
Issue with not moving past this screen When I try to transfer my 2023 tax return, the program stops responding when I hit the "continue" button and I can't get past this screen. I have to force cl...
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Issue with not moving past this screen When I try to transfer my 2023 tax return, the program stops responding when I hit the "continue" button and I can't get past this screen. I have to force close the program. Can somebody please tell me why I am unable to proceed?
3 weeks ago
If you remove the apostrophe, you can enter the name of the pension fund and continue with your return.
3 weeks ago
Lat year I was told to leave this blank which I did & it was accepted. This year Turbo Tax Will not allow me to move forward with all blanks, zeros or 9s. Any Ideas?
3 weeks ago
I was able on the first round at my taxes on premier turbotax and I imported the K-1 fromes filled out by EPD but on the second try after EPD refised the K-1 I cannot eget turbotax to pick them up--...
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I was able on the first round at my taxes on premier turbotax and I imported the K-1 fromes filled out by EPD but on the second try after EPD refised the K-1 I cannot eget turbotax to pick them up--I have downloaded all from the EPD website but they wont integrte in to the turbotax on my desktop.
3 weeks ago
I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following...
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I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:
TurboTax Online:
Sign into your online account.
Locate the Tax Tools on the left-hand side of the screen.
A drop-down will appear. Select Tools
On the pop-up screen, click on “Share my file with agent.”
This will generate a message that a diagnostic file gets sanitized and transmitted to us.
Please provide the Token Number that was generated in the response.
TurboTax Desktop/Download Versions:
Open your return.
Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us.
Please provide the Token Number (including the dash) that was generated in the response.
*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)
3 weeks ago
Do you also have Form 1099-Q reporting a distribution?
Normally the option to enter Room and Board only appears if there is also a 1099-Q.
Room and board will offset income on a 1099-Q, but ...
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Do you also have Form 1099-Q reporting a distribution?
Normally the option to enter Room and Board only appears if there is also a 1099-Q.
Room and board will offset income on a 1099-Q, but not scholarships or fellowships.
@aries0494
3 weeks ago
I filled out the information for a clerical taxpayer his pension was an after-tax contribution; Form 1099R said in 2b "taxable amount not determined", what that means ? and why is calculating addit...
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I filled out the information for a clerical taxpayer his pension was an after-tax contribution; Form 1099R said in 2b "taxable amount not determined", what that means ? and why is calculating additional income tax ???
3 weeks ago
1 Cheer
In the Ohio return, you will see the section where you indicate the Ohio amount (see below). @jctx
3 weeks ago
It's not clear what you're saying. Was the rent included in the box 5 amount on the 1098-T? If yes, then it is additional income and TurboTax (TT) will treat it like ordinary scholarship (apply to t...
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It's not clear what you're saying. Was the rent included in the box 5 amount on the 1098-T? If yes, then it is additional income and TurboTax (TT) will treat it like ordinary scholarship (apply to the box 1 tuition first, then treat any excess as taxable). If you want to designate it as taxable (for example to free up tuition for you, or your parents to claim the tuition credit), answer yes when TT asks if any of the grant was used for room & board.
3 weeks ago
You can use the instructions below to enter your Form 1099-MISC that you received. Make sure to answer "No" to the questions "Did this income involve work that's like your main job" and "Did this inc...
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You can use the instructions below to enter your Form 1099-MISC that you received. Make sure to answer "No" to the questions "Did this income involve work that's like your main job" and "Did this income involve the intent to earn money?"
Form 1099-MISC is used to report miscellaneous income for individuals and companies who have been paid $600 or more in non-employee service payments during a calendar year.
To enter a Form 1099-MISC into TurboTax you can:
Click on the "Search" icon
Enter "1099-MISC" in the search box
Select "Jump to form 1099-misc"
It will take you to a screen that says, "Did you get a 1099-MISC?
Select "Yes"
Enter your Form 1099-MISC information. If your 1099-MISC has entries in boxes 4-18, make sure to check the box that says "My form has other info in boxes 1-18"
Select "Continue"
Enter a description for your income
The next screen will say, "Does One of These Uncommon Situations Apply"? If none apply, select "None of these apply" and "Continue"
Your screen will say, "Did the (name of income) involve work that's like (Your Name) main job?" Answer "No"
Your next screen says, "How often did (Your Name) get income for (name of income)?"
Select (Your Name) got in 2024.
Select "Continue"
"Did the (name of income) involve an intent to earn money?"
Answer "No" and "Continue,"
Click here for Publication 525 (2024), Taxable and Nontaxable Income
Click here for additional information on entering your Form 1099-MISC.
Click here for additional information on Form 1099-MISC.
Click here for additional information on Schedule 1.
3 weeks ago
You can contact the TurboTax Support Phone Number.
@JIm Scully
3 weeks ago
The user interface is somewhat different in the Online and Desktop versions, but both offer the user a way to edit a specific transaction. Click on the pencil, rather than the check box.
In the...
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The user interface is somewhat different in the Online and Desktop versions, but both offer the user a way to edit a specific transaction. Click on the pencil, rather than the check box.
In the Desktop versions, from the Income Summary, you can open the investments, Stock transactions category, click edit, and then click on the pencil icon next to the specific transaction you would like to edit.
In TurboTax Online, open Wages & Income, scroll down to Investments and click Add/Edit. Once you have entered all of the transactions, you can click the pencil icon next to the specific transaction you would like to edit.
See screenshot below (the "pencil" is highlighted):
3 weeks ago
I too am getting this error. It wont let me start a new return. It shuts down and restarts and then gives me this error. Did anyone find a solution?
3 weeks ago
Why does TurboTax show an excess contribution penalty to a Health Savings Account when the amount contributed was $9,300, the maximum allowed for families in 2024 with catch up for over 55? I have no...
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Why does TurboTax show an excess contribution penalty to a Health Savings Account when the amount contributed was $9,300, the maximum allowed for families in 2024 with catch up for over 55? I have not entered anything as it was pulled in from my W2. I have indicated Yes to a family high deductible health plan for the entire year
3 weeks ago
Topics:
3 weeks ago
I understand why I owe taxes, but I don't understand why the safe harbor provision doesn't apply for the underpayment penalty. From the IRS website:
"You may avoid the Underpayment of Estimated Tax by...
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I understand why I owe taxes, but I don't understand why the safe harbor provision doesn't apply for the underpayment penalty. From the IRS website:
"You may avoid the Underpayment of Estimated Tax by Individuals Penalty if:
Your filed tax return shows you owe less than $1,000 or
You paid at least 90% of the tax shown on the return for the taxable year or 100% of the tax shown on the return for the prior year, whichever amount is less. If your adjusted gross income (AGI) for 2023 was more than $150,000 ($75,000 if your filing status for 2024 is married filing separately), substitute 110% for 100%."
I've already paid >110% of the tax shown on my 2023 return, so I thought that would avoid the penalty. What am I missing?
3 weeks ago
I finished my Federal part of my tax returns and am currently working on the State part. I'm a non-resident of Arizona and have filed my taxes with them for 10 years as a NR. This year and for the ...
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I finished my Federal part of my tax returns and am currently working on the State part. I'm a non-resident of Arizona and have filed my taxes with them for 10 years as a NR. This year and for the past two years, in the "Any Arizona Depreciation" section, Turbo Tax does not see a deduction for depreciation on my Federal Return for my rental property. Why? It's clearly noted on my Federal return, but my Arizona "State" part isn't seeing it.