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I agree.  This is TurboTax answer to me last year as well and I ended up mailing in the tax instead of e-filing.   My story is that in 2023, it asked for pin in 2022, but I did not have the filing ... See more...
I agree.  This is TurboTax answer to me last year as well and I ended up mailing in the tax instead of e-filing.   My story is that in 2023, it asked for pin in 2022, but I did not have the filing for 2022, so there is no record of last year e-pin number.  The software asked for the last year e-pin, but since there was no 2022, I am stuck.   Fast forward to 2024, I am again asked for 2023 which I did not e-file because of the same problem.  It looks like I am stuck again because of this e-pin issue.   This will be two years in the row that I have to mail in the tax because Turbo Tax did not fix the problem with this e-pin issue.   I am truly disappointed in Turbo Tax for not having the answer for the problem that plague so many users.
Income in prior years is not relevant. You can contribute only up to the amount of your 2024 compensation, or the max, whichever is less.   @MJ991 
see this link to treasury direct. it could be what you report as accrued interest is what they article refers to as deferred interest.  https://www.treasurydirect.gov/savings-bonds/hh-bonds/hh-bond... See more...
see this link to treasury direct. it could be what you report as accrued interest is what they article refers to as deferred interest.  https://www.treasurydirect.gov/savings-bonds/hh-bonds/hh-bonds-tax-information/#id-when-do-i-get-interest--677187  further questions use the contact us link.   
I checked the box that someone CAN claim me but will not claim me on their tax return because I am 21 and in college and I do not have earned income. But I do have unearned income. My tax rate triple... See more...
I checked the box that someone CAN claim me but will not claim me on their tax return because I am 21 and in college and I do not have earned income. But I do have unearned income. My tax rate triples because I am forced to pay at my parents' rate. Is there a way around this?   My grandparents saved money in a 529 plan that pays my tuition and room/board, so my parents are not paying for my college. Does this mean I can say that NO ONE can claim me as a dependent?  
I created it some time in the past. I did have the current PIN. On the third try with the correct PIN supposedly entered in TurboTax, the return was finally accepted.
@MonikaK1 Is there any update on this? Or should I be e-filing the way TurboTax generates 568 - without the EIN? it has already been over a week delay in my process, I’d like to please file early t... See more...
@MonikaK1 Is there any update on this? Or should I be e-filing the way TurboTax generates 568 - without the EIN? it has already been over a week delay in my process, I’d like to please file early this week as I’m on vacation later. but if this is an issue with no EIN on 568 - just let me know so that I can switch to a different product and redo the taxes Thanks
for federal purposes, alimony is neither taxable nor deductible if the divorce or separation agreement was executed after 2018 or if a pre-2018 agreement is modified after that date to expressly prov... See more...
for federal purposes, alimony is neither taxable nor deductible if the divorce or separation agreement was executed after 2018 or if a pre-2018 agreement is modified after that date to expressly provide that the post-2018 rules are to apply 
Only column d excluded the CA adjustments (like taxable SS benefit). Column a through c failed to to do, so the AGI values for these periods are the same as the Federal on Form 2210AI, Part I, line 1.
thexse are additional fedearl taxes.   *******************  additional medicare tax form 8959  .9% on medicare wages and/or self-employment income (loss ignored)  over the threshold;  joint r... See more...
thexse are additional fedearl taxes.   *******************  additional medicare tax form 8959  .9% on medicare wages and/or self-employment income (loss ignored)  over the threshold;  joint return $250K married filing separately $125K any other filing status $200K ***************** net investment income tax form 8960. 3.8% of the lesser of  1) net investment income or 2) the excess of modified adjusted gross income over the threshold joint retrun or qualified surviving spouse $250K single or head of household $200K married filing separately $125K       
Hi all, I contributed $7000 to a traditional IRA and converted all of it $7003 to a Roth IRA.  When answering the questions under "Deductions and Credits" it says I can only make $6720 either deducti... See more...
Hi all, I contributed $7000 to a traditional IRA and converted all of it $7003 to a Roth IRA.  When answering the questions under "Deductions and Credits" it says I can only make $6720 either deductible or non-deductible, which I chose to elect all $6720 nondeductible.   The form says $6720 was deductible but $280 was already nondeductible.  Where did Turbotax get this difference of $280 nondeductible vs $6720 deductible option?  No where did I ever say only $280 of the $7000 was nondeductible.  Thank you
Verbatim Text: Why don't I have a Child and Dependent Care Credit? Since your $18,200 in care expenses wasn't enough to use up the $5,000 you contributed to your employer's dependent care plan, your ... See more...
Verbatim Text: Why don't I have a Child and Dependent Care Credit? Since your $18,200 in care expenses wasn't enough to use up the $5,000 you contributed to your employer's dependent care plan, your Child and Dependent Care Credit is $0. The $2,000 of unspent care benefits will be added to your W-2 as taxable income.
I applied to close my single member llc in Dec. 2024. Received certification of disolution and paid final tax in Feb 2025. No other activity during this period.  Can I file my final tax return n... See more...
I applied to close my single member llc in Dec. 2024. Received certification of disolution and paid final tax in Feb 2025. No other activity during this period.  Can I file my final tax return now? Or should I still file the final tax return next year in 2026? 
TurboTax had already filled in a dollar amount for my ira contribution for 2024. But, I'm not seeing how Turbotax got that amount. I have a 401k and a Roth IRA thru my employer. TY
Claiming home office depreciation for 2024 can be beneficial if you use part of your home exclusively for business purposes. Here are a few reasons why you might consider it: Depreciation allows... See more...
Claiming home office depreciation for 2024 can be beneficial if you use part of your home exclusively for business purposes. Here are a few reasons why you might consider it: Depreciation allows you to deduct a portion of the cost of your home office over time, reducing your taxable income. Accurate Expense Tracking: It helps you accurately track the wear and tear on your home office, ensuring you claim all eligible expenses  For more details, you can check out these sources: TurboTax - Home Office Deduction IRS - Home Office Deduction
In the couple of examples I have seen/heard of where supplemental information was included with a Form 1099-B import, it duplicated transactions and caused additional problems.  You're right, Fidelit... See more...
In the couple of examples I have seen/heard of where supplemental information was included with a Form 1099-B import, it duplicated transactions and caused additional problems.  You're right, Fidelity has the correct information; however the transactions are non-qualifying and therefore the cost basis is not reported to the IRS, so that's they way your 1099-B is prepared.     You may want to consider entering summary transactions and then emailing or uploading to your return a copy of your Form 1099-B.   If all of your transaction are for RSUs, you will have to enter two transactions at the most - one long term and one short term.  Just determine what each category total is, enter those with a zero cost basis, and then enter the total adjustment for the correct cost basis.   To do so you will need to delete your 1099-B that you imported.  Here's how to do it:     In the income section, Select "Investments and Savings...."  On the page "Did you have investment income in 2024?"  Answer Yes On the page "Let's Import your tax info" click on "Enter a different way" Select "Stocks, Bonds, Mutual Funds" on the page with "OK let's start with one investment type" When asked "Which bank or brokerage is on our 1099-B?" enter the name of your or broker or mutual fund company, leave the other fields blank. Click Continue Answer the next three questions Answer Yes to "Did you buy every investment listed...." (unless you inherited or were gifted the funds) Select "Sales Section Totals" Locate your sales section totals on your 1099-B Enter your Investment Sales Section Totals and repeat till you have entered for each category. After entering all your sales section totals,  Look for "Now we'll help you upload your 1099-B since the IRS requires a copy" and follow the instructions,  or you can mail a paper copy of your 1099-B to the IRS.  If you want to mail, click on "How do I mail my statement".   Take a moment to double-check that your statements are complete. For each sale listed, there should be:  - A Description  - Date Acquired  - Date Sold  - Sales Price  - Cost Basis  - Gain or loss for each sale  - A based on how the sale was reported to you and the IRS  In some uncommon cases, there will be an adjustment code and adjustment amount.    NOTE: Any sales summaries that include only Box A or Box D sales, and which have no adjustments to gain/loss, do not need to be included on a statement mailed to the IRS.    Here's how to mail your statements:  If you are e-filing your tax return, then mail your statements along with Form 8453 to:   Internal Revenue Service Attn: Shipping and Receiving, 0254 Receipt and Control Branch Austin, TX 73344-0254