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April 14, 2025
12:05 PM
Click here to file an extension. Remember an extension is just for extra time to file, not extra time to pay. If you are going to owe anything, you will still need to pay by April 15th.
You...
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Click here to file an extension. Remember an extension is just for extra time to file, not extra time to pay. If you are going to owe anything, you will still need to pay by April 15th.
You can pay directly via the IRS website which is the recommended way or you can pay by check. Be sure to include your SSN on your check and the tax year.
April 14, 2025
12:05 PM
Thanks for your speedy response. 🙂 Just to be sure that I understand this correctly ... I will not be able to do a carry back from my 2024 excess ftc if one or more of the following is true: - ...
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Thanks for your speedy response. 🙂 Just to be sure that I understand this correctly ... I will not be able to do a carry back from my 2024 excess ftc if one or more of the following is true: - I had no ftc in the relevant category in 2023, or - my 2023 ftc in the relevant category was MORE than the amount in my 2024 Form 1116 worksheet, "foreign tax credit carryovers to 2025" section, regular tax table, year 2024, "utilized" column, or - in 2023 I didn't file a form 1116. If I meet any of the above conditions, then I don't need to file an amended 2023 form and TT will automagically apply this as a excess ftc carry forward in TY 2025. Do I understand this correctly?
April 14, 2025
12:05 PM
1 Cheer
See Maryland Income Tax Rates and Brackets
April 14, 2025
12:05 PM
Thank you for the quick reply!
April 14, 2025
12:05 PM
To advance past the error for your Form 1095-A entry screens, you should leave the boxes blank. Do not enter a zero in the boxes when entering your Form 1095-A.
You can also try clearing your...
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To advance past the error for your Form 1095-A entry screens, you should leave the boxes blank. Do not enter a zero in the boxes when entering your Form 1095-A.
You can also try clearing your cache and cookies, going out of the program and coming back in, or deleting the form and re-entering it, to see if that helps.
If you are entering Column B, and have a zero, you may have an error on your Form 1095-A.
Column B contains information about your "second lowest cost silver plan" (SLCSP) premium.
If column B. in Part III "Coverage Information" has a $0 or is blank for any month someone in your household had coverage from the marketplace, this is likely an error.
If you think this is the case you can use the tax tool from Healthcare.gov to determine the premium for your SLCSP. If the number is not correct, it will provide a wrong calculation of your premium tax credit.
If you have questions about your Premium Tax Credit (PTC) or Form 1095-A, you should contact your Marketplace directly.
You can also call the IRS Healthcare Hotline for ACA questions at 800-919-0452
Click here for additional information on SLCSP.
Click here for additional information on the Premium Tax Credit.
April 14, 2025
12:05 PM
The Section 199A information for QBI is reported on Statement A that is sent with Schedule K-1. Since Box 17 Code V is marked, you should have received this additional page. You may need to contact t...
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The Section 199A information for QBI is reported on Statement A that is sent with Schedule K-1. Since Box 17 Code V is marked, you should have received this additional page. You may need to contact the company that sent the K-1 if that statement is missing.
When you have the QBI information, follow these steps:
The Section 199A questions follow the entries for Schedule K-1 boxes. Continue through the interview to the page "We see you have Section 199A income." Complete this page and those that follow. You aren't finished entering the K-1 until TurboTax takes you back to the list of K-1's in your return.
The screens that follow the box entries are:
Other Situations
Self-Employed Health Insurance
Long-Term Care Insurance
We see you have Section 199A income.
April 14, 2025
12:04 PM
If you used the Desktop program you need to have the file ending in .tax2022 on your computer. How to amend a prior year return https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-re...
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If you used the Desktop program you need to have the file ending in .tax2022 on your computer. How to amend a prior year return https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=lpzqr4fi If you can't find your 2022 return you can amend by first recreating the actual wrong original return. Then when it matches each line that you really filed you have to tell Turbo Tax you will mail it so it thinks it was filed. Then you can amend it.
April 14, 2025
12:04 PM
April 14, 2025
12:04 PM
1 Cheer
I had the same situation (all the RMD and more for both Accounts A and B was taken only from Account A). I used the TurboTax Deluxe Version. At the time I did my taxes back in February, I do not re...
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I had the same situation (all the RMD and more for both Accounts A and B was taken only from Account A). I used the TurboTax Deluxe Version. At the time I did my taxes back in February, I do not remember if TurboTax had applied all the fixes that may have come later. In any event, Part IX of the 5329 Form was filled in, I believe, as you describe, but I needed to manually complete Lines 52 and 53 at the bottom of this section, also as you describe (no correction needed). TurboTax did not detect an error when running the Checker prior to filing. Hopefully, the same will be the case when the IRS does it checking.
April 14, 2025
12:04 PM
1 Cheer
The IRS requires al numbers rounded to the nearest dollar so yours is rounding to zero. Remove it since it isn't taxable.
April 14, 2025
12:04 PM
how do I file a federal tax extension?
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April 14, 2025
12:04 PM
I don't see that this will cause a problem.
April 14, 2025
12:03 PM
Maryland non-resident tax table?
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April 14, 2025
12:03 PM
If you are a single member LLC, you should not be using TurboTax BUSINESS> You should be using TurboTax Home and Business or TurboTax Premium online. If you are a single member LLC and did not elec...
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If you are a single member LLC, you should not be using TurboTax BUSINESS> You should be using TurboTax Home and Business or TurboTax Premium online. If you are a single member LLC and did not elect to be treated as a S- Corp, you would be filing a Schedule C instead of a 1065. A 1065 if a partnership return. If you are using TurboTax Business, you will need to switch to Home and Business or Premium. If you chose to be treated as an S-Corp then you would file form 1120S using TurboTax BUSINESS.
April 14, 2025
12:03 PM
Thank you for your prompt reply. Unfortunately, downgrading to regular Premium was not an option, and after spending hours doing my taxes, I wasn't about to opt to erase and start over. After paying ...
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Thank you for your prompt reply. Unfortunately, downgrading to regular Premium was not an option, and after spending hours doing my taxes, I wasn't about to opt to erase and start over. After paying for the product and filing my taxes, I requested a $70 refund, since I did not intend to sign up for Premium Live and did not use the Live feature. This request was denied. I am frustrated because I feel that I was somehow routed into the Live product without my knowledge or through a marketing trick. I have discovered that other customers have experienced the same thing. I am a long-time customer and feel that I have been swindled. I am considering reporting Intuit to the Better Business Bureau and taking other actions if my refund request is not honored.
April 14, 2025
12:03 PM
Please help me understand. I have mutual fund investments that have eligible income from US government securities. Are those exempt from federal tax? or just State? I don't file state income tax....
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Please help me understand. I have mutual fund investments that have eligible income from US government securities. Are those exempt from federal tax? or just State? I don't file state income tax. But if applicable, do I calculate the percentage using box 1a or 1b totals from the 1099 DIV?
April 14, 2025
12:03 PM
If you agree, nothing with the state. I suggest help to ensure they are right. For Accuracy guarantee submission and TurboTax Audit Support Center.
April 14, 2025
12:03 PM
I am unable to add a 1099-R for $.15. Every time I complete the form, it gives an error and takes me back to enter a valid amount. Do I not have to add a 1099-R that is under a certain amount? Any ad...
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I am unable to add a 1099-R for $.15. Every time I complete the form, it gives an error and takes me back to enter a valid amount. Do I not have to add a 1099-R that is under a certain amount? Any advice is greatly appreciated!
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April 14, 2025
12:03 PM
I have owned the house in San Diego since 2002.