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@naanis Can you clarify which state you are in?  Thanks!
Just to clarify, the only ABLE accounts entitled to the Indiana tax credit are through inVESTable. Other ABLE accounts not through the state program are ineligible. Is this correct?   Also, on Turb... See more...
Just to clarify, the only ABLE accounts entitled to the Indiana tax credit are through inVESTable. Other ABLE accounts not through the state program are ineligible. Is this correct?   Also, on Turbo tax, the number requested has to start with 91 and be eleven numbers long. Can you please clarify? 91 was not listed in your response.
Go back to that section Federal Deductions & Credits   Continue through and select "Done with Deductions & Credits" After making his selection, the program will show your 2024 Deductions & ... See more...
Go back to that section Federal Deductions & Credits   Continue through and select "Done with Deductions & Credits" After making his selection, the program will show your 2024 Deductions & Credits  Continue the next screen shows which deduction the program thinks is better for you, but you can select "Change my deduction" on that screen and choose between the Standard Deduction or Itemizing Deductions.     
I have been cleaning my closets and giving the stuff to a charity. I just gave something this year 2024 and cannot locate the past few years of this deduction. How do I find it?
She isn't referring to removing your child as a dependent on your tax return.  I think she's referring to not claiming a dependent on your W-4 Form as an allowance.  However, the W-4 Form was changed... See more...
She isn't referring to removing your child as a dependent on your tax return.  I think she's referring to not claiming a dependent on your W-4 Form as an allowance.  However, the W-4 Form was changed and when allowances were part of the W-4 form, the maximum amount of taxes would be withheld from your paychecks when you claimed 0.   With the new system, you’ll indicate whether you need to withhold more or less than the standard amount. If you have 0 dependents and adjustments, the standard amount will be withheld from your paychecks.  you’ll receive less money on your paychecks, you should have a lower tax bill at the end of the year.   Refer to the TurboTax Blog Understanding Your Withholding Allowance on Your Form W-4 and What Is a W-4 Form? for more information.  
You would enter your federal tax return (Form 1040) refund amount and not the state refund amount.
Sorry---no, that is a personal expense unless you are self-employed and enter business expenses on a Schedule C.
@ThomasM125    My Windows version of TurboTax has these two relevant options for investment income. * Sale of stocks, bonds, mutual funds, and other securities. * Employer stock transactions.   ... See more...
@ThomasM125    My Windows version of TurboTax has these two relevant options for investment income. * Sale of stocks, bonds, mutual funds, and other securities. * Employer stock transactions.   I was able to input my 1099-B transactions using the form for "Sale of stocks, bonds, mutual funds, and other securities". However, it only has 1 box for cost basis like I mentioned in the previous response so I can only put in one value which is either $0 from my 1099-B box e or I can put in the adjusted basis from the supplemental data form.   The "Employer stock transactions" simply ask for the RSU grant date and it does not take me to any form to fill out the 1099-B information.
I have a Schedule K-1 from an LLC that I am a part of. This LLC is in the business of home renovations. The K-1 shows a loss.  It shows a loss because it purchased a home and that was applied to Cost... See more...
I have a Schedule K-1 from an LLC that I am a part of. This LLC is in the business of home renovations. The K-1 shows a loss.  It shows a loss because it purchased a home and that was applied to Cost of Goods.  The home will be renovated in a future year.  I do not wish to have this K-1 loss applied to my 1040 Income this year, but in the future year that the home will be renovated and sold.   How in Turbo Tax do I indicate that this K-1 loss is not to be applied to my income in the current year?
Where can I enter my license code after I have already begun my taxes?
Yes, you need to make the deposit into the 529 plan within 60 days from the date of redemption.
To add to that, I've been confused in Turbotax- they are showing the NEC form under "Other Common Income" but also have ti listed under "Self Employment". Can you please explain the difference? I hav... See more...
To add to that, I've been confused in Turbotax- they are showing the NEC form under "Other Common Income" but also have ti listed under "Self Employment". Can you please explain the difference? I have been confused on which one to select. 
2024 Indiana IT-65 Part 4   Hello I'm using 2024 Turbo Tax Delux Desktop edition   I am trying to fill out Part 4 - State Modifications Line 7 needs to be code 641, -534.00 (negative)   Turbo ... See more...
2024 Indiana IT-65 Part 4   Hello I'm using 2024 Turbo Tax Delux Desktop edition   I am trying to fill out Part 4 - State Modifications Line 7 needs to be code 641, -534.00 (negative)   Turbo Tax isnt allowing a negative entry, states must be equal to or larger than zero.   Any would be greatly appreciated.  Thank you.
Yes, I was able to do it with TurboTax online. I don't recall how exactly I was able to add the second state return. As I mentioned in my edited comment, I think it allowed me to just add a second en... See more...
Yes, I was able to do it with TurboTax online. I don't recall how exactly I was able to add the second state return. As I mentioned in my edited comment, I think it allowed me to just add a second entry when I got to the state tax section. There is apparently a way, though!
Once you enter the information on your federal return, you don't need to enter it again on the state return. TurboTax transfers data from your federal return to your state return. Sometimes additiona... See more...
Once you enter the information on your federal return, you don't need to enter it again on the state return. TurboTax transfers data from your federal return to your state return. Sometimes additional questions regarding the income that you entered will pop up in the state return.  You don't need to enter everything again.   Where do I enter a 1099-MISC?    
Hi Kris,  That is very helpful- thank you!
Is this for Form 1099-R or something else?   If 1099-R, what is in Box 17 and Box 19? Was the form uploaded or did you type it in?   
Yes, you need to mail your return with Form 8283 if an attached appraisal is required, sorry.   I haven't seen other users post the conflicting info you received, so have no context for this, unf... See more...
Yes, you need to mail your return with Form 8283 if an attached appraisal is required, sorry.   I haven't seen other users post the conflicting info you received, so have no context for this, unfortunately.  Some Form 8283's can indeed be Efiled.   An option would be to Efile without Form 8283, and amend later to add it, or edit your donations to Efileable ones, and amend later for the one requiring a written appraisal and mail.   Here's more info on Form 8283.   @redhawklady