All Posts

If you used TurboTax Online to file your 2023 Tax Returns, please follow these steps to Amend your return:   Sign into your return and on the Tax Home screen, scroll down to Your tax returns & documents Select 2023 as the year you want to Amend Select the Amend (Change) return dropdown and then choose Amend using TurboTax Online Continue through the interview questions Correct your state taxes withheld and anything else that needs changed Continue through the screens and carefully answer any remaining questions to finish up. Please see this TurboTax Help Article for more information and for instructions if you used TurboTax Desktop to prepare your 2023 Tax Return: How do I amend my federal tax return for a prior year?  

In most cases there is no deduction for theft loss. The recently published Chief Counsel Memorandum provides a possible exception, but it's very complex and involves a lot of legal technicalities. You have to consult a tax attorney (not a CPA) who can review all the details of your particular situation and advise you as to whether you qualify for the deduction.  

Why You Might Be Charged You might be charged for TurboTax if your tax situation requires forms or schedules that are not covered by the Free Edition. The Free Edition is only for simple Form 1040 returns without additional schedules, except for the Earned Income Tax Credit, Child Tax Credit, and student loan interest.   Steps to Switch Back to the Free Edition Open your return: Log in to TurboTax and open your current tax return. Switch Products: In the left menu, select "Switch Products". Choose "Downgrade" to switch to the Free Edition. Clear and Start Over: If you have already paid or registered, you can clear your return and start over: Go to the left-side menu, select "Tax Tools," then "Clear & Start Over". Confirm by selecting "Yes" in the pop-up Forms Not Covered by Free Edition Itemized deductions claimed on Schedule A (e.g., charitable contributions, medical expenses, mortgage interest, state and local tax deductions) Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers, or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions, and income reported on other forms or schedules Additional Resources TurboTax Free Edition

Not all employee stock purchased would have a situation where you need to report ordinary income associated with the discount in the year of sale. If you had incentive stock options (ISO) and held them for more than one year from the date they were exercised and two years from the grant date, then all of your gain is capital gain and there is no income from discount. However, if they were non-qualifying stock options (NSO), they would be treated like RSU's with the discount treated as ordinary income in the year you acquire them. So, it is best to look on your W-2 form to see if there is income from the discount, and use that as a guide as to whether you have to deal with the discount or not in year of sale.   You are correct regarding the RSU's, that discount would only be reported in the year the stock vested.     

At the top of the Turbotax app, go to the tab named "FILE".  From there, click the last option on that menu "Check E-File Status".     From there, it should show your EFILE status for your federal and state tax return.  Mine says "Pending" for each, as I am waiting for the taxing authority to accept my returns.   If your state return does not show, you may have not elected to efile your state.  If that is the case, you'll have to mail it.  

You are absolutely right. I had called TurboTax before, but that wasn't helpful. So I called again in the meantime and the very helpful lady showed me how to delete forms, and that resolved it! It was indeed for a previous one (where I had selected more than 2024).  Thank you very much!

I learned that you can e-file with H&R block in this situation. I am planning to switch to H&R Block next year. I called Turbo Tax but they could not do anything to help. This is a bug in their software and they treated me as I am stupid by telling me that the IRS does not allow to e-file in this situation. I am a software engineer.

Yes, union dues are deductible on your PA state tax return (but not your federal return).   You can claim a deduction for an unreimbursed employee business expense by filing a PA Schedule UE, Allowable Employee Business Expenses form along with your PA-40 Personal Income Tax Return.   Commonwealth of Pennsylvania - Unreimbursed Business Expenses   If you live in a state that lets you deduct job-related expenses, the information will flow from your federal return  to the state return, so enter it in Federal > Deductions and Credits > Employment Expenses > Job-Related Expenses