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April 15, 2025
8:17 AM
Yes, you are now a resident alien for tax filing purposes. If you have no income to report for 2024, you do not have a filing requirement.
April 15, 2025
8:16 AM
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April 15, 2025
8:16 AM
K-1 box 20 ?
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April 15, 2025
8:16 AM
Intuit is the worst when it comes to support....
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April 15, 2025
8:16 AM
April 15, 2025
8:15 AM
You can't have an amount from 2024 applied to an amended 2022 return. Can you clarify your question?
April 15, 2025
8:15 AM
Thank you for the well thought out response. I agree with the information you provided and appreciate the additional detail (which I did not know). From what you stated, we appear to be in agreemen...
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Thank you for the well thought out response. I agree with the information you provided and appreciate the additional detail (which I did not know). From what you stated, we appear to be in agreement. The issue is that the Turbo Tax software is not allowing me to file due to a perceived error, I have tried entering 0 in block 2a and that did not process. During the "Final Review" the software is detecting an error and is requiring me to enter RMD amount, which increases the tax. This is occurring during all the review processes. Since there does not appear to be a solution, I think my only option is to file without including that 1099-R. I hold out the possibility that I may be missing a button or a step, or perhaps need an additional form, but there does not appear to be an immediate solution via the current Turbo Tax software options provided.
April 15, 2025
8:15 AM
Audit Defense charge screen says credit card failed, then says welcome to audit defense. Then says save, which leads to a screen that says "we restored everything, but you still need to load a state...
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Audit Defense charge screen says credit card failed, then says welcome to audit defense. Then says save, which leads to a screen that says "we restored everything, but you still need to load a state " What just happened ? Do I have defense or not? Did I just lose my return ? PC download version, Windows 11.
April 15, 2025
8:15 AM
No. There is no online TurboTax Business except for Live Assisted or Full Service TurboTax Business. There is no online "do-it-yourself" version of TT Business. If you used TT Business why are y...
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No. There is no online TurboTax Business except for Live Assisted or Full Service TurboTax Business. There is no online "do-it-yourself" version of TT Business. If you used TT Business why are you not just using your desktop download to amend?
April 15, 2025
8:15 AM
You would report the 1099 as self-employed income in the wages and income section of your return. The W2 is reported in the income and wages section and has its own separate heading.
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You would report the 1099 as self-employed income in the wages and income section of your return. The W2 is reported in the income and wages section and has its own separate heading.
April 15, 2025
8:15 AM
Living in Missouri and working in Kansas, I did not know that we had to file the Kansas one first so that it pulled the credit to the Missouri taxes. Is there anyway to check to see if this occurred...
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Living in Missouri and working in Kansas, I did not know that we had to file the Kansas one first so that it pulled the credit to the Missouri taxes. Is there anyway to check to see if this occurred? thank you
April 15, 2025
8:14 AM
If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact T...
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If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact TurboTax?
Refer to the TurboTax article What's the TurboTax phone number? for contact info.
April 15, 2025
8:14 AM
April 15, 2025
8:14 AM
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April 15, 2025
8:14 AM
Mom passed away in 2022 and I am a court-appointed executor. Mom's estate tax return has already been filed. We received an additional 1099 interest of approximately $7800 which was earned in 2024....
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Mom passed away in 2022 and I am a court-appointed executor. Mom's estate tax return has already been filed. We received an additional 1099 interest of approximately $7800 which was earned in 2024. How do I file and what form should I file?
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April 15, 2025
8:14 AM
To report the transaction on line 1b, you must select Box A on IRS form 8949 Sales and Other Dispositions of Capital Assets. Then select I need to adjust my total cost basis and select code B.
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To report the transaction on line 1b, you must select Box A on IRS form 8949 Sales and Other Dispositions of Capital Assets. Then select I need to adjust my total cost basis and select code B.
You may enter the summary information instead of each individual transaction. Create a .PDF of the IRS form 8949 to upload into TurboTax Online. Follow these steps.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click the down arrow to the right of Investments and Savings.
Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
Click Add investments.
On the Let's import your tax info screen, select Enter a different way.
On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue.
At the screen Which bank or brokerage, enter the information. Click Continue.
Do these sales include any employee stock, enter No.
Do you have more than three sales, enter Yes.
Do these sales include any other types of investments, enter No.
Did you buy every investment listed, enter Yes. Continue.
On the screen Now, choose how to enter your sales, select Sales section totals. Select Continue.
At the screen Look for your sales on your 1099-B, select Continue.
You will now be able to enter the total proceeds (sales) and cost basis. Select Short term basis reported to IRS (covered) as the sales section category.
When finished, select Continue.
You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen.
When completed, close the record and click Continue.
At the screen Now, we'll help you upload your 1099-B since the IRS requires a copy, browse and select your document. Select Continue.
When you upload your document, your filing instructions will not show that anything needs to be mailed in, and no IRS form 8453 will be generated.
April 15, 2025
8:14 AM
We can not help with this in the community. You will need to contact Customer Service: Here is a link: Turbo Tax Customer Service
April 15, 2025
8:13 AM
Per the IRS Instructions for Schedule K-1 List of Codes and References Used in Schedule K-1 (Form 1065), Box 20 Code AJ is used for Excess business loss limitation.
However, some partnerships ...
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Per the IRS Instructions for Schedule K-1 List of Codes and References Used in Schedule K-1 (Form 1065), Box 20 Code AJ is used for Excess business loss limitation.
However, some partnerships choose to use this code to report Aggregate Business Activity Gross Income and Aggregate Business Activity Total Deductions, which together total Excess Business Losses for Form 461.
This information is relevant only if your net losses from all businesses are more than $305,000 ($610,000 if filing a joint return). If this doesn't apply to you, you can leave Box 20 Code AJ blank (or do not include this code).
See also: IRS Instructions for Form 461 - Limitations on Business Losses
April 15, 2025
8:13 AM
Filing 2024 fed tax return today paying an underpayment penalty using 4 equal quarters in part III of Form 2210. Can I later amend 2024 fed tax return to refigure underpayment penalty using annua...
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Filing 2024 fed tax return today paying an underpayment penalty using 4 equal quarters in part III of Form 2210. Can I later amend 2024 fed tax return to refigure underpayment penalty using annualized income installment method in Schedule AI of Form 2210 since a good portion of AGI occurred in 4th quarter? Using TurboTax Deluxe desktop
The program will handle the scholarship income, you do not need to add it again as misc/ other income since the 1098-T is being entered.
You took the $4k in tuition on your return for the AOTC ...
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The program will handle the scholarship income, you do not need to add it again as misc/ other income since the 1098-T is being entered.
You took the $4k in tuition on your return for the AOTC and everything else goes on the child's taxes.
For example: Box 1 $20k, Box 5 $30k
Parent takes $4k from box 1 for their return.
Student enters 1098-T box 1 $16k, box 5 $30k. All scholarships required for tuition are used along with other to cover box 1 and the rest goes to room and board. This gives the student $14k of taxable income.