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TT seems to be ignoring safe harbor. I paid over 110% of 23 tax liability amount in 24, between withholding and estimates, and TT 24 is assessing me underpayments, with penalty and interest. how can ... See more...
TT seems to be ignoring safe harbor. I paid over 110% of 23 tax liability amount in 24, between withholding and estimates, and TT 24 is assessing me underpayments, with penalty and interest. how can i fix this?
The home office has to be associated with a particular business.  Is it possible that you have more than one business created in TurboTax, one of which has no profit?  
Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows... See more...
Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.
To view what you were charged for:   Gog into TurboTax On the left sidebar toward the bottom Click Intuit Account A screen with boxes will show up From the left sidebar Select Pr... See more...
To view what you were charged for:   Gog into TurboTax On the left sidebar toward the bottom Click Intuit Account A screen with boxes will show up From the left sidebar Select Products and Billing For billing issues you can contact the TurboTax Support Phone Number
Yes, first it will go to Form 8995 and if there is any allowable qualified business income deduction (QBID) it will carry to your 1040, Line 13 as indicated by our amazing Tax Expert @MonikaK1. When ... See more...
Yes, first it will go to Form 8995 and if there is any allowable qualified business income deduction (QBID) it will carry to your 1040, Line 13 as indicated by our amazing Tax Expert @MonikaK1. When you enter the information TurboTax will automatically do the calculations.   Wages are not part of qualified business income however the taxable income is factored in to see what the allowed QBID might be. It is a 'lesser than' calculation. You cannot use that loss against personal income.  You can carry it forward to offset any future qualified business income (QBI) for a business or investment K-1 profit or positive qualified business income (QBI).   To include your QBID carryforward loss so that it is not lost you can use the steps below. TurboTax Desktop or TurboTax Online Business Income and Expenses > Less Common Business Situations > Net Operating Loss/QBI Carryforward Loss @hawapani123 
When you look at your 8889, line 3 will have your annual HSA contribution limit, which will be zero in your case for saying that you did not have HDHP coverage in any month.   Note that the line ... See more...
When you look at your 8889, line 3 will have your annual HSA contribution limit, which will be zero in your case for saying that you did not have HDHP coverage in any month.   Note that the line 3 amount can be changed on the subsequent lines, like if you are under a Family HDHP plan or are 55+, but what you are asking about is line 3. But not to worry, since line 3 is correct, the rest of the numbers will be correct, and you won't have to tell the IRS anything.   Yes, if you file by mail, you likely leave line 1 blank, but we have to give you this workaround to get you to e-file. Note that the IRS Instructions do not address this situation.   @BlindFaith 
Continue past the pages for Passive loss carryovers and QBI Carryovers. The third page asks about Section 199A (from Box 14 Code I).   @skaybee 
Finally approved. I checked Sunday and was approved for DD April 10th. If you called and they said everything looks good just hang in their it looks like. For some reason they seem to be extra slow t... See more...
Finally approved. I checked Sunday and was approved for DD April 10th. If you called and they said everything looks good just hang in their it looks like. For some reason they seem to be extra slow this year.
@Ghislainb Nous sommes conscients de ce problème. Dès que le problème sera résolu, nous ferons une mise à jour sur ce fil de discussion.   Merci de votre patience et d'avoir choisi TurboImpôt
Thank you. I did the math and dividing line 18 by line 15 gives me a blended tax rate of 10.4%. That is far below the 42.5%. What should I check in the entries I have made to my tax form to fix this?
This doesn't seem to be how turbotax handles this. I paid OVER 110% of the 2023 tax liability amount through withholding and estimates in 2024, and TT is assessing me underpayment. is there a way to ... See more...
This doesn't seem to be how turbotax handles this. I paid OVER 110% of the 2023 tax liability amount through withholding and estimates in 2024, and TT is assessing me underpayment. is there a way to correct this?
CRA has received my tax return, still processing.
My issue was due to me erroneously overriding a field.  In the forms method, I had selected yes for the "did you have any losses from this year or prior years to report?....".   erroneously overrided... See more...
My issue was due to me erroneously overriding a field.  In the forms method, I had selected yes for the "did you have any losses from this year or prior years to report?....".   erroneously overrided a field based on this.  Once de-selected this option and used the correct field for the value elsewhere the problem went away.
Where do I find the the option to selct the "TurboTax Desktop" for the previous year?  My dislay seems to be missing menu options.  How do I correct this?
Thank you Dana for your respond.   I am not eligible for roth IRA contribution, so have been doing backdoor in $6000 in 2020 and $6000 in 2021.  No contribution in 2022, and 2023. So I forgot how ... See more...
Thank you Dana for your respond.   I am not eligible for roth IRA contribution, so have been doing backdoor in $6000 in 2020 and $6000 in 2021.  No contribution in 2022, and 2023. So I forgot how to do backdoor in 2024, and contributed $7000 directly to Roth, and then immediately withdraw the $7000 in 2024.   Since my roth IRA fund is from conversion from traditional IRA in 2020 and 2021, do they count as Roth IRA contributions where you want me to enter at  Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen Thank you for your help!  
No, I kept an eye on the forums here and waited until the fixes were applied before I even attempted to use the digital code and log in. For the online version, it goes through all of the different ... See more...
No, I kept an eye on the forums here and waited until the fixes were applied before I even attempted to use the digital code and log in. For the online version, it goes through all of the different things, and then comes to a page where it asks if any of the following pertain to you. One of the items is the 1198.  Then a few steps later, the form pops up and I just entered exactly what my board gave me on the 1198. Everything lined up. Continued on through the steps. Got to the end and once ready to submit I did a preview and among all of the items, the 1198 was also in there. Submitted to CRA and within the hour, got the NOA with the confirmation that the 1198 was indeed included and a special tax calculation was applied. The NOA did say we got an 1198. Instead it indicates that a lump sum was included for previous years and a special tax calculation has been applied.  For my wife, it said upon calculation, it was better to keep the lump sum in the 2024 year and nothing was added or reduced from her refund. For me, it said the calculation indicated to spread it out and as a result my refund increased.
Depending on what type of Foreign Income you have, the foreign tax you paid is reported in the Foreign Tax Credit section, under Deductions & Credits.   The income is reported in the Income secti... See more...
Depending on what type of Foreign Income you have, the foreign tax you paid is reported in the Foreign Tax Credit section, under Deductions & Credits.   The income is reported in the Income section in the appropriate topic (such as Rental, Self-Employment, Wages, etc.)   If you paid Foreign Tax on a 1099-INT/DIV, when you report the income, the tax amount is carried over to the Foreign Tax Credit section for you.   Here's more info on Claiming the Foreign Tax Credit.   @ladyswg     
In 2024, I receive $88 per month as a Veterans Pension Benefit. Which totaled $1056 for 2024. Is this Tax Free as I understand it?
If you are in the My Info portion of the return and it is requesting your job, you can simply type Retired
Order Summary Not Available - Why I find my Order Summary