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April 1, 2025
11:04 AM
If you are referring to the steps in the Underpayment Penalty interview when you check the box that your penalty is lower when figured by treating your income as paid on the dates it was actually wit...
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If you are referring to the steps in the Underpayment Penalty interview when you check the box that your penalty is lower when figured by treating your income as paid on the dates it was actually withheld, instead of in equal amounts on the payment due dates, then you should see three fields to enter the income for the periods specified.
They aren't for quarters 1 through 4, but for the first quarter, the first half, and the first three-quarters of the year. The fourth entry is the income for the whole year so that doesn't need to be entered.
In TurboTax Online, the program does provide four spaces to enter withholding for all 4 quarters if you answer the question about Actual Withholding in the Underpayment Penalty interview "yes". See screenshot below:
If you are using a Desktop version of TurboTax, Part II Line D also has 4 spaces for the quarterly entries for withholding.
April 1, 2025
11:04 AM
If you are using TurboTax Online, try importing using a different browser. Make sure any VPN or Anvi-Virus is turned off.
See the following TurboTax Help articles for potential fixes:
What...
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If you are using TurboTax Online, try importing using a different browser. Make sure any VPN or Anvi-Virus is turned off.
See the following TurboTax Help articles for potential fixes:
What if I can't import my 1099?
How can I fix my 1099 import issue?
How do I import my 1099s?
How do I enter a large number of stock transactions in TurboTax?
April 1, 2025
11:04 AM
Once you started preparing the property be sold, you would keep records of the improvements to the property as you can add them to its cost to be deducted from the eventual sales proceeds. Carrying c...
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Once you started preparing the property be sold, you would keep records of the improvements to the property as you can add them to its cost to be deducted from the eventual sales proceeds. Carrying costs such as mortgage interest and property taxes however would not be deductible during this time as rental expense but would be available to be deducted as itemized deductions if that would benefit you.
Once the property is no longer rental property, you can only deduct mortgage interest and property taxes as itemized deductions, as opposed to rental expenses.
I don't see either option making the reporting of the sale of the house easier.
April 1, 2025
11:03 AM
To apply for an extension for your federal tax return in your TurboTax program, you can do the following: Click on the search icon in the upper right of your TurboTax screen Type "extend" in yo...
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To apply for an extension for your federal tax return in your TurboTax program, you can do the following: Click on the search icon in the upper right of your TurboTax screen Type "extend" in your search box Click on the link "Jump to extend" Your screen will say "Applying for an Extension" Answer "Yes" to the question "program," Select "Continue" Follow the TurboTax screens and answer all of the follow-up questions To apply for an extension for your state income tax return, you can use this link: How do I file an extension for my personal state taxes? You can extend your tax return to October 15, 2025. A tax return extension gives you six more months to file, but you must still pay your taxes on time. Your screens will look something like this: Click here for How to File for an Extension of State Taxes You can click this link federal tax extension to start an extension. Click here for How to File a Tax Extension: A Step-By-Step Guide
April 1, 2025
11:03 AM
I disclaimed my inherited IRA which is owned by a trust so that it would pass to my children. My husband is the trustee and my 4 children are the beneficiaries. We knew that the trust would produce K...
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I disclaimed my inherited IRA which is owned by a trust so that it would pass to my children. My husband is the trustee and my 4 children are the beneficiaries. We knew that the trust would produce K-1s for the distribution to each child and each child would pay the tax (at their lower rate). We were thinking we were wise in withholding the State and Fed taxes that each child would own based upone their tax bracket. However, those withholdings were made during the distribution from the trust that holds the inherited IRA. ...I don't know, but I think we goofed. If the withholding were made during the distribution, would that mean the trust paid taxes on the full distributions?
April 1, 2025
11:03 AM
If it didn’t transfer over from last year then Enter a Capital Loss Carryover under Federal Taxes or Personal (Home & Business) Wages and Income Then scroll down to Investment Income Capital Loss...
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If it didn’t transfer over from last year then Enter a Capital Loss Carryover under Federal Taxes or Personal (Home & Business) Wages and Income Then scroll down to Investment Income Capital Loss Carryovers - Click Start or Revisit A Capital Loss Carryover from the previous year can only offset current year gains. Not interest or dividends. You get to first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year. On the income page The 2024 column shows the carryover to 2025 (not your current loss for 2024). Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year. There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year. In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss Carry Over and Carry Forward worksheets. In the Desktop program you can go to Forms and find it in the list in the left column.
April 1, 2025
11:03 AM
Please see where do I enter my 1099-R for directions to get back into the retirement section. Select edit to the right of the applicable 1099-R form and proceed through the screens. Make sure you h...
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Please see where do I enter my 1099-R for directions to get back into the retirement section. Select edit to the right of the applicable 1099-R form and proceed through the screens. Make sure you have Oregon selected for the state section and proceed through all of the screens to ensure you have answered all of the questions correctly.
Then, when you get to the state interview section, you will be prompted to answer any Oregon specific questions as you proceed through the interview screens.
The first screen you will see will be titled "IRA and Pension Distributions". Mark the applicable boxes here and select Continue.
The next screen titled "Report Pension Amount" will give you the option to select how much income is from Oregon sources. Enter the correct amount here as it applies to your return.
Continue on the interview screens until you see "Federal Pension Summary." Select edit to the right of the applicable 1099-R income. On the next screen titled "Enter Federal Service Information," you will be able to see the input area for the Oregon dates.
April 1, 2025
11:03 AM
added a W2 in the federal return, but it is not carrying over into the state return? thanks, wanting to avoid going into the forms directly.
April 1, 2025
11:02 AM
Try these options to fix the issue you are having
If you are using TurboTax Online
Check your browser's settings. (Clear your Cache and Cookies)
Check on your internet connection
Tr...
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Try these options to fix the issue you are having
If you are using TurboTax Online
Check your browser's settings. (Clear your Cache and Cookies)
Check on your internet connection
Try using a different web browser
If you are using TurboTax Desktop
Make sure the software is updated.
If you haven't rebooted your computer, please do
Check your firewall and antivirus settings. Make sure they aren't blocking any feature of the software.
** If you are using the phone/tablet app, try changing to laptop/computer if possible. If you do not have access to a computer, switch to a web browser within your phone or tablet, and sign in from there.
If you are still having issues after trying these options, contact Customer Support by clicking the link below
TurboTax Phone Number
April 1, 2025
11:02 AM
if you are filing 1040, the answer is no
April 1, 2025
11:01 AM
It is not an IRS requirement, but it is a suggest by the IRS and many states do require one if you have it. Not providing this information in some instances can delay the processing of your return d...
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It is not an IRS requirement, but it is a suggest by the IRS and many states do require one if you have it. Not providing this information in some instances can delay the processing of your return due to the taxing entity wanting ID verification.
You can file without it by selecting skip this step.
Why are you asking for my driver's license or state ID?
April 1, 2025
11:01 AM
Hi @DanaB27 , The excess contribution (401k Roth) was rolled over to our regular Roth. The excess contribution was with a second employer (after maxing out and retiring with the first employer...didn...
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Hi @DanaB27 , The excess contribution (401k Roth) was rolled over to our regular Roth. The excess contribution was with a second employer (after maxing out and retiring with the first employer...didn't realize we had already maxed out when starting with the second employer). The rolled over 401k Roth is now sitting in a regular Roth IRA. The financial planner is returning that excess contribution and filling out a 1099R. I believe we still need to get a corrected W-2 from that second employer, once the 1099R has been done. This is a very complicated issue since 1. the 401k Roth was already maxed out at the previous employer (unknown to us) 2. When we started at the new employer, we didnt realize the 401k had already been maxed out, and 3. the new employer did roll over the 401K ROTH funds to our regular ROTH account with your financial planner (at our request). Would a new employer have a way of checking to see if a previous employer 401k has been maxed out? I keep getting different opinions from former employer, financial planner, and IRS. Thank you for any help and insight!
April 1, 2025
11:00 AM
there is an option in Turbotax to remove imported data. you should be able to select just EPP. once done save the return reopen it and try again to import from EPP.
Note that with k-1 import, if yo...
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there is an option in Turbotax to remove imported data. you should be able to select just EPP. once done save the return reopen it and try again to import from EPP.
Note that with k-1 import, if you sold any that is not imported.
also K-3 info is not avaialble
finally, if you have an amount on 13K, Form 8990 is needed but that's not supported
April 1, 2025
11:00 AM
TT will NOT find nor import 2023. I have a MacB book Pro with se feral years of TT returns resident. Please help.
April 1, 2025
10:59 AM
Thanks again. How do I find that out for State of Maryland? from what I could find, they take the federal EIN. but I wanted to make sure before adding that to my employee W2 as the state EIN.
April 1, 2025
10:58 AM
Please read this TurboTax Help topic on how to start a new tax return for another person.
If you are using TurboTax Online, you cannot prepare and file a tax return for another person using an ...
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Please read this TurboTax Help topic on how to start a new tax return for another person.
If you are using TurboTax Online, you cannot prepare and file a tax return for another person using an existing TurboTax account. You'll need to create a new account for yourself, distinct from the account you used to file your son's return last year.
If you are using TurboTax Desktop, you can start a new return for yourself by clicking on Start a new return on the Welcome page of TurboTax.
April 1, 2025
10:58 AM
When you use online TurboTax software you get one return per fee.
Each return needs its own account and user ID. If you use the same account and user ID for a second return, the second one ov...
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When you use online TurboTax software you get one return per fee.
Each return needs its own account and user ID. If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596
April 1, 2025
10:57 AM
Never mind. I figured it out. Thanks for your help! (What an annoying bug/feature!)
April 1, 2025
10:57 AM
What kind of notice and from who? - Have you already filed your tax return? How to Check your E-file Status
Avoid phishing scams and spoofed sites
April 1, 2025
10:57 AM
I am not seeing anything on the TT form sections for entering contribution details for 529 - this is state tax exempt and should get covered.