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April 7, 2025
6:18 AM
1 Cheer
If you lived and worked in CA for the entire year of 2024 and your spouse lived and worked in NJ for all of 2024, then you would file separately for the states which each of you filing as a resident ...
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If you lived and worked in CA for the entire year of 2024 and your spouse lived and worked in NJ for all of 2024, then you would file separately for the states which each of you filing as a resident of the state. You would not file a non-resident return if you lived in the state for the entire year. You can file a joint federal and separate states, or you can file separate federal and state returns.
How do I prepare a joint federal return and separate state returns?
April 7, 2025
6:17 AM
TurboTax Free Edition is indeed free for both federal and state returns, but only about 37% of taxpayers qualify. Here's a bit more detail:
TurboTax Free Edition:
Cost: $0 for federal, $0 ...
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TurboTax Free Edition is indeed free for both federal and state returns, but only about 37% of taxpayers qualify. Here's a bit more detail:
TurboTax Free Edition:
Cost: $0 for federal, $0 for state, and $0 to file.
Eligibility: Available for those filing simple Form 1040 returns only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit, and student loan interest)
How to Verify Eligibility:
Continue through the program: As you enter your information in TurboTax, it will automatically verify if you qualify for the Free Edition
Check your tax situation: Ensure your return is simple enough to meet the criteria for the Free Edition
Important Links
TurboTax Free Edition
TurboTax Free Edition Eligibility
April 7, 2025
6:16 AM
Yes. The IRS recommends that you file your your amendment as soon as your original return has been processed. You can check the status of your return here.
April 7, 2025
6:15 AM
For installation and software billing issues you can contact the TurboTax Support Phone Number
April 7, 2025
6:15 AM
Turns out it was my mistake. I'd entered the CA taxes paid in the wrong box so it didn't think I'd paid any CA taxes. I fixed that and it worked fine. Thanks for the help.
April 7, 2025
6:15 AM
The Routing Number for the bank has 9 digits
Your account number can be longer or shorter.
April 7, 2025
6:15 AM
Topics:
April 7, 2025
6:13 AM
Your bank Routing Number should have 9 digits.
Your account number may vary.
April 7, 2025
6:13 AM
i.e., you might need to go back thru the Estimated taxes preparation Q&A area again. You may have misstated something, like put in a too-high expected income amounts, or entered the wrong total for ...
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i.e., you might need to go back thru the Estimated taxes preparation Q&A area again. You may have misstated something, like put in a too-high expected income amounts, or entered the wrong total for your "Expected" automatic withholding amounts.
April 7, 2025
6:12 AM
It depends on when your contributions to the 401(k) were made. See the New Jersey (NJ) rules below. If you meet the criteria in 1 below, then you would select 'None apply'. If you meet the criteria f...
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It depends on when your contributions to the 401(k) were made. See the New Jersey (NJ) rules below. If you meet the criteria in 1 below, then you would select 'None apply'. If you meet the criteria for 2 below, then you would use the General Rule. You need to find out if you have any contributions that were taxable to NJ when they were made.
NJ Retirement Income Rules
Section 401(k) Plans If you made contributions:
On or after January 1, 1984, your contributions to your 401(k) Plan were not included as income when they were made, unless the contributions exceeded the federal elective deferral limit. As a result, you must report all distributions on your New Jersey Income Tax return because they are fully taxable;
Before January 1, 1984, your contributions to your 401(k) Plan were included in your income when they were made. If you made contributions to a 401(k) Plan before January 1, 1984, or you made contributions beyond the federal limit, use IRA Worksheet C to calculate the taxable and excludable portions of your distribution.
If all contributions were not included in your NJ income all distributions are taxable. If any of your contributions were part of your NJ income then the general rule is used to pay tax on only the earnings part of the distribution. Your plan administrator should be able to help you with the details.
The three year rule would only apply if you will recover your cost in the plan within three tax years after distribution begins and only if you have any contributions made before 1984.
April 7, 2025
6:10 AM
Thank you so much for taking the time to reply and clarifying these steps for me. Greatly appreciated!
April 7, 2025
6:09 AM
Here's what the IRS says, in Publication 503, Child and Dependent Care Expenses, on page 10.
"Expenses prepaid in an earlier year. If you pay for services before they are provided, you can count ...
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Here's what the IRS says, in Publication 503, Child and Dependent Care Expenses, on page 10.
"Expenses prepaid in an earlier year. If you pay for services before they are provided, you can count the prepaid expenses only in the year the care is received. Claim the expenses for the later year as if they were actually paid in that later year."
April 7, 2025
6:07 AM
1 Cheer
The $3,185 can be made up of additional withholding, estimated payment, or a mix. Since your withholding is going to increase, then it's correct to reduce your estimated payment. You could also have ...
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The $3,185 can be made up of additional withholding, estimated payment, or a mix. Since your withholding is going to increase, then it's correct to reduce your estimated payment. You could also have even more come out of your paycheck to avoid having to make any estimated payment.
April 7, 2025
6:06 AM
Yes. A mobile home, counts as a main or second home, and as long as it meets all the other requirements for deducting mortgage interest, you can claim the interest like an immovable home.
April 7, 2025
6:06 AM
the verbiage on Form 1040 for Line 37 is a bit misleading but it's covered in the IRS instructions to include the penalty from line 38 so this is all standard. if you are on desktop in Forms mode...
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the verbiage on Form 1040 for Line 37 is a bit misleading but it's covered in the IRS instructions to include the penalty from line 38 so this is all standard. if you are on desktop in Forms mode double-click on the penalty then double-click on the penalty in the 1040 worksheet to bring up Form 2210 which will show the calculation. not sure equivalent for TT online but presumably the form is included in the PDF with "all forms and worksheets".
April 7, 2025
6:06 AM
Topics:
April 7, 2025
6:05 AM
If you have it duplicated, delete the 1099-K's, then delete the Schedule C's. If you are using the online version, log out of your TurboTax account and then clear your cache and cookies. When yo...
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If you have it duplicated, delete the 1099-K's, then delete the Schedule C's. If you are using the online version, log out of your TurboTax account and then clear your cache and cookies. When you go back in, IF you are doing eBay as a business, then go to the business income section and follow the steps below. Federal
Income and Expenses
Show More next to Self-Employment
Start next to Self-Employment
Yes, to you have any self-employment income or expenses
Enter the type of self-employment work you do and you can select that you use your name for your business
Click through a few more screens and you will get to a screen that says "Your XX info"
Click Looks good
Then you will come to a screen that says Let's enter the income for your business. It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks. Here is where you will enter the money you receive.
If you do not select one, it will not let you enter your income
Enter your self-employment income on the next screen
Continue and on the next screen click add expenses
* Please note navigation may differ slightly depending on which version of TurboTax you are using* This income will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to SE Tax. If you did not pay SE Taxes in 2024, and if you plan to do this again in 2025, it may be a good idea to make quarterly estimated payments to cover your SE taxes of 15.3% and avoid penalties.
Taking Business Expense Deductions If this is NOT a business and you are selling personal items, this should NOT be reported on Schedule C. Follow the instructions below if this is NOT a business.
To do this in TurboTax you will take the following steps:
Click federal wages and income
Show more next to Other Common Income
Start next to 1099-K
Select Other for what type of income
Enter the info from your 1099-K
Select "This amount in box 1a is too high or includes some personal transactions" IF you are selling personal items and need to deduct the cost basis
Enter the amount that should not be included
Hit continue
April 7, 2025
6:05 AM
This line is informational only. It is coming from the amounts that you entered as personal items sold at a loss (not deductible). There is no need to enter any offset to indicate that you have a l...
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This line is informational only. It is coming from the amounts that you entered as personal items sold at a loss (not deductible). There is no need to enter any offset to indicate that you have a loss. If it's incorrect, and this is not what you received on your 1099-K, you can adjust the figure you entered in the 1099-K input. To change this, navigate to Federal Taxes > Wages & Income > I'll choose what I work on > 1099-MISC and Other Common Income > Income from Form 1099-K > Update.
April 7, 2025
6:04 AM
@lcattanach1 Once you determine the $$ amount that is from US Govt Obligations... You then edit the 1099-DIV, and on the pages AFTER the main 1099-DIV form, you check a box indicating you ha...
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@lcattanach1 Once you determine the $$ amount that is from US Govt Obligations... You then edit the 1099-DIV, and on the pages AFTER the main 1099-DIV form, you check a box indicating you have some US Govt interest for that 1099-DIV form, then enter the exact $$ amount on a subsequent page: (See pictures below form the Desktop software...Online is similar) ______________ ___________ ___________
April 7, 2025
6:04 AM
Enter the amount showing in Box 2a as the state distribution amount.