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Review the Missouri income tax return.  Missouri MO-1040 line 36 reports the tax.   In TurboTax Online, you may print or view your full tax returns prior to filing after you have paid for the sof... See more...
Review the Missouri income tax return.  Missouri MO-1040 line 36 reports the tax.   In TurboTax Online, you may print or view your full tax returns prior to filing after you have paid for the software.   View the entries down the left side of the screen at Tax Tools. Select Print Center. Select Print, save or preview this year's return. In TurboTax Desktop, select FORMS in the upper right hand corner of the screen.
No.  You cannot only include his income for the time he was a resident.  You would need to include his income for the year to determine if you can claim him. If his income for the year is more than $... See more...
No.  You cannot only include his income for the time he was a resident.  You would need to include his income for the year to determine if you can claim him. If his income for the year is more than $5,050 then you would not be able to claim him as a dependent.      
Is everyone's number unique?  I've seen earlier postings here that say the number is:                         87-6000545WTH.  Does everyone use this same number.  Or, are each of us issued a unique n... See more...
Is everyone's number unique?  I've seen earlier postings here that say the number is:                         87-6000545WTH.  Does everyone use this same number.  Or, are each of us issued a unique number.  Not much help with this on the Intuit website.    Seems to be stopping a lot of us from filing our 2024 returns.   Box 15 on the 1099-R for state, city, or local income tax return is blank, as are boxes 13 and 14.  Box 16 has a large number.     Thanks for clarification.   veehbj
You can view or print your complete tax return, including all worksheets, before filing if you pay the TurboTax account fees.   Click on Tax Tools on the left side of the online program screen.  ... See more...
You can view or print your complete tax return, including all worksheets, before filing if you pay the TurboTax account fees.   Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets
Thanks for the reply David.  I did figure it out.    So for posterity lets talk about this: My wife's business is a service business. In her case, Bounce House Rentals. So, it's a lot of time in ... See more...
Thanks for the reply David.  I did figure it out.    So for posterity lets talk about this: My wife's business is a service business. In her case, Bounce House Rentals. So, it's a lot of time in the office dealing with customers, but as an operator, it's also very much 'in the field' (not in the office).    When TurboTax asked me how much of her work is done in the office, I put like 20%. Reasonable estimate. But that's true of her total responsibility. However, it is also true that she does 100% of her office work in the office. So the percent allocation didn't work.  For kicks, I adjusted that number to 100% (reflecting that 100% of her office work is done in the office). At that point it generated the simplified home office deduction.    So if you find this thread having a similar issue, just bump that number to 100. The truth of it is, this is not an actual IRC rule (if my research is wrong please correct me). The purpose of the question is to determine if there's a split office situation going on wherein a person HAS a office somewhere (like at their place of business) but is conducting office business in the home as well. The home office has to be the primary office or no deduction is allowed.    That said, if the office is the only office, then the home office deduction is allowed, even if there are business functions performed outside of the office. That was the kicker. She was not allowed the home office deduction because I made it look like there were possibly more than one office space or place of business was being utilized, disqualifying her from the office deduction.  The more you know right?
If the refund is being direct deposit, I wouldn't worry about the complete city/town showing, but if the refund is to be mailed, I would manually enter the missing name for the town.    Since the... See more...
If the refund is being direct deposit, I wouldn't worry about the complete city/town showing, but if the refund is to be mailed, I would manually enter the missing name for the town.    Since the return is being printed and paper-filed, edit the name with a black ink pen. 
7 April   Turbotax 2024 has capital gains under foreign income but says before 24 June and after 24 June. But govt says they cancelled the intended changes. I put the capital gains under after 24 J... See more...
7 April   Turbotax 2024 has capital gains under foreign income but says before 24 June and after 24 June. But govt says they cancelled the intended changes. I put the capital gains under after 24 June but nothing goes through. Also under before 24 June there are big errors in capital gains calculation and does not take into account foreign tax paid. Please advise Is there an error in software Pl send reply to my email  [email address removed]   Thanks    
No.  If you are receiving Medi-Cal or Medicaid, you would not receive a 1095-A.  You are correct to say you do NOT have a 1095-A. 
I would stick with Deluxe, at least to start.  If you run into a situation that Deluxe can't handle, you will be prompted to upgrade while working on your return.  
Yes, your parents will be unable to claim the credit because you're no longer their dependent. You can enter the information from your 1098-T to enter your payments, and answer the interview question... See more...
Yes, your parents will be unable to claim the credit because you're no longer their dependent. You can enter the information from your 1098-T to enter your payments, and answer the interview questions.  TurboTax will calculate the Lifetime Learning Credit you're entitled to.   Here's how to enter your 1098-T in TurboTax, from Where do I enter Form 1098-T (Tuition Statement)?:   Enter the 1098-T in the section for Tuition: TurboTax Online: Here is the link: 1098-T. or use the magnifying glass, type "1098-T", and select "Jump to 1098-T" TurboTax Desktop: Select Search. Search for Form 1098-T.   See: Education credits - AOTC and LLC, How do Education Tax Credits Work?
In that case you're good to go until either the sale goes through or the deposit is forfeited and you get told you can keep it.   @Rosie25 
I have $887 of foreign tax paid shown on Box 7 of my 1099-DIV from various countries.    I am trying to get the foreign tax credit but when I  go to "deductions and credits" and then "foreign taxes" ... See more...
I have $887 of foreign tax paid shown on Box 7 of my 1099-DIV from various countries.    I am trying to get the foreign tax credit but when I  go to "deductions and credits" and then "foreign taxes" and click through it asks if I want an itemized deduction or to take a credit.   I click "take a credit" and have tried to answer the questions  that follow (the only foreign tax paid is related to ETF's listed on the NYSE  which hold some foreign securities).    I don't know what I am doing wrong but I do not get the credit (my taxes are lower when I say I want to itemize instead of getting the credit, but that doesn't make sense).    Any ideas on how to fill out the foreign tax credit screens properly in this situation?      I am using TurboTax desktop.   Thank you!
Should I be using 'Single' or 'Head of Household' status? My father became a US a resident in June 2024. Non-resident until June 2024 and living abroad. He lived with me in NJ from July through end ... See more...
Should I be using 'Single' or 'Head of Household' status? My father became a US a resident in June 2024. Non-resident until June 2024 and living abroad. He lived with me in NJ from July through end of 2024. He has no income in the US, however, gets pension and interest/dividends abroad. If I consider his foreign income only for the time he has been resident of US, it will be less than $5000. Can I consider him as my dependent and file my taxes as Head of Household or should I file as Single? Thank you!
Only income from the investment stock is a small dividend, as reinvesting is not an option with this stock. There is no rental income.
Filing a final federal tax return for a relative who passed away in 2024 using TurboTax involves a few steps: Start the Return: Open TurboTax and begin a new tax return for the deceased person. ... See more...
Filing a final federal tax return for a relative who passed away in 2024 using TurboTax involves a few steps: Start the Return: Open TurboTax and begin a new tax return for the deceased person. Enter their personal information as you normally would. Indicate Deceased Status: In the Personal Info section, TurboTax will prompt you to indicate that the taxpayer is deceased. You'll need to enter the date of death. Enter all income earned up to the date of death and any applicable deductions. Since the return shows zero income but has self-employment tax due, make sure to accurately report any self-employment income and expenses. TurboTax will guide you through the rest of the process, including any special forms or documents needed for a deceased taxpayer.  Paying Taxes: The estate is responsible for paying any taxes due, including self-employment taxes.  The executor or personal representative, will use the estate's funds to pay these taxes. For more detailed information, you can check out these resources: IRS: Filing a Final Federal Tax Return for Someone Who Has Die TurboTax Death in the Family - Filing Final Return
Genuinely, how has this not been fixed yet? This was posted over a month ago...what a garbage product!
You may have other taxes besides income taxes on your return. You can look at Schedule 2 "Additional Taxes" to see what they may be.   To view your form 1040 and schedule 1 to 3:   Choose ... See more...
You may have other taxes besides income taxes on your return. You can look at Schedule 2 "Additional Taxes" to see what they may be.   To view your form 1040 and schedule 1 to 3:   Choose Tax Tools from your left menu bar in TurboTax Online while working in your program Choose Tools Choose View Tax Summary See the Preview my 1040 option in the left menu bar and click on it Choose the Back option in the left menu bar when you are done 
I received disability payments through my employer's California Voluntary Disability Plan (VDP), which is a substitute for California State Disability (SDI) by EDD. MetLife which administered the Vol... See more...
I received disability payments through my employer's California Voluntary Disability Plan (VDP), which is a substitute for California State Disability (SDI) by EDD. MetLife which administered the Voluntary Disability Plan sent me a W-2 for the amounts I received. However, EDD told me that EDD's SDI does not need to be reported as income on tax return and thinks it should be the same for VDP payments. But my CPA is saying that it should be reported as income since MetLife issued the W-2 with the payment amount listed in Box 1. He's saying  that the only way it would not need to be reported is to have zero amount in box 1 wages, and code J  in box 12. Is that correct? I think MetLife issued the W-2 to show how much taxes were deducted from the disabiltiy payments.