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Withholding is assumed to be evenly paid, by default. Use Form 2210 Schedule AI to specify more information about your action and when it occurred. This complicated form may or may not reduce or el... See more...
Withholding is assumed to be evenly paid, by default. Use Form 2210 Schedule AI to specify more information about your action and when it occurred. This complicated form may or may not reduce or eliminate your penalty. @gomes_f 
are you still there?
The apportionment question appears during the interview for the state return. Look for the page "Apportionment and Allocation." Continue to answer the interview questions about apportioning your busi... See more...
The apportionment question appears during the interview for the state return. Look for the page "Apportionment and Allocation." Continue to answer the interview questions about apportioning your business income.
I put the same amount in box 53 as 21 and it worked for me. I was able to NETFILE then.
Hi, I'm trying to understand if I reported correctly for a backdoor Roth IRA conversion or if I made a mistake and need to make an amendment. In 2023, I converted $6500 from a traditional to a Roth I... See more...
Hi, I'm trying to understand if I reported correctly for a backdoor Roth IRA conversion or if I made a mistake and need to make an amendment. In 2023, I converted $6500 from a traditional to a Roth IRA, but had $3 in gains by the time I made the conversion. So in my 1040 I have line 4a as 6500 and line 4b as 3, is this correct? I was confused while doing my 2024 return in TurboTax because the software I believe auto-calculated it as I had converted $6497 and left $3 for 2023. Do I need to make any changes for 2023? I think the 1040 is correct, though.   For 2024, I had contributed $7000 to the traditional and converted it to the Roth IRA, but had $21 of gains still sitting in the traditional. In my 1040, I have line 4a reporting 7000 and 4b as 21 for the taxable amount. My financial advisor suggested for 2025, I should move my IRA contribution amount ($7000) plus the gains ($21) to zero out the traditional IRA and report in my 2025 tax return that I converted $7021 to Roth. Is this the right way to go about it? Please let me know if any mistakes were made for the 2023 and 2024 returns and if so, how I should go about amending. Thank you!
please give me that information
The questions that you are showing are in the section where you enter your non-deductible Traditional IRA contribution.  The second question regarding an amount that was 'transferred' should be zero.... See more...
The questions that you are showing are in the section where you enter your non-deductible Traditional IRA contribution.  The second question regarding an amount that was 'transferred' should be zero.  This is not where you indicate that the money was converted to a Roth IRA.  That will be done when you enter the Form 1099-R that reports the distribution from the Traditional IRA.   Try going through the steps outlined in the TurboTax help article below to report your backdoor Roth IRA conversion.  This should clear up the penalty that you are seeing.     How do I enter a backdoor Roth IRA conversion?   @manwithnoplan   
To see your fees, click on Tax Tools on the left side of the screen. Then click on Tools. You will see My Fees in the center of the screen.    If you want to downgrade, this FAQ will tell you how: ... See more...
To see your fees, click on Tax Tools on the left side of the screen. Then click on Tools. You will see My Fees in the center of the screen.    If you want to downgrade, this FAQ will tell you how: How do I downgrade to a different TurboTax Online product?   You can remove TurboTax Live as long as you haven't used the Tax Expert feature. Here's what to do: With your tax return open, select File. Proceed through the screens until you reach the Just a few steps left... screen, then select Start or Revisit next to Step 1: Review Your Order. On the order summary screen, select Downgrade. If you don't see Downgrade or already used the Tax Expert feature, you can clear your return and start over as long as you haven’t paid yet. After clearing your return, you can select the TurboTax product that best suits your needs. Keep in mind: If you want to receive help from a tax expert, you’ll need to use TurboTax Live.   If not using Live you can follow these steps:   Follow these steps to downgrade to a different TurboTax Online product: Open your return if you haven't already. In the left menu, select Switch Products. Select Downgrade.
Yes, the care recipient has to live with you in your home or you can live in their home.  If you live in their home, that has to be your only home.   See questions and answers #2-4 here.   Sectio... See more...
Yes, the care recipient has to live with you in your home or you can live in their home.  If you live in their home, that has to be your only home.   See questions and answers #2-4 here.   Section 1915(c) enables individuals who otherwise would require care in a hospital, nursing facility, or intermediate care facility to receive care in the individual care provider's home. The notice provides that the Service will treat these Medicaid waiver payments as difficulty of care payments excludable from gross income under § 131 of the Internal Revenue Code.   Individual care providers who receive Medicaid waiver payments for the care of eligible individuals in their homes and payers of Medicaid waiver payments have raised several questions not addressed in Notice 2014-7.   The link above has the additional Q & A.
Please give me the intermediary bank my refund went to  
Once your return is filed, TurboTax has no control over the processing of your return or the release of your refund.   Here are a couple FAQs to track your refund: When will I get my federal tax r... See more...
Once your return is filed, TurboTax has no control over the processing of your return or the release of your refund.   Here are a couple FAQs to track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?   You will need to contact the IRS for information. It might be easiest to set up an account with them.   IRS Individual Online Account   Taxpayers with a Social Security number or an Individual Taxpayer Identification Number can create or access their IRS Individual Online Account to get information they need to file their return. With an IRS Individual Online Account, people can: View balance owed, payment history and schedule payments. Cancel scheduled payments. Get transcripts. View or create payment plans. See digital copies of some IRS notices. View key data from their most recently filed tax return, including adjusted gross income. Validate bank accounts and save multiple accounts, eliminating the need to re-enter bank account information every time they make a payment. View, approve and electronically sign power of attorney and tax information authorizations from their tax professional. 
Is that possible with the TT software?  I didn't find where I could resubmit the return after it was accepted by the IRS and wouldn't that be a 1040X?   I did find this link:  https://ttlc.intuit.c... See more...
Is that possible with the TT software?  I didn't find where I could resubmit the return after it was accepted by the IRS and wouldn't that be a 1040X?   I did find this link:  https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/got-12c-letter-irs-form-8962/L78Qyi5gK_US_en_US?uid=m9u69hb8   Ah, I find where you can amend the return and then TT wants you the mail it in.
My federal tax refund was supposed to posted to my bank on April 9, but it has not happened. My Michigan refund went to the same bank and it was successful. 
please change it to free becuas id don't want to pay for that and also when I was doing it told I don't want the rules
So now submit the amended return and the payment then.   @freddytax 
Thank you!   Is it required that I live with my sibling that I am the legal caregiver for? My residence is in the same building but across the hall. Even when I am off the clock, I am available to ... See more...
Thank you!   Is it required that I live with my sibling that I am the legal caregiver for? My residence is in the same building but across the hall. Even when I am off the clock, I am available to them 24/7. I am rarely at my own residence. 
Okay, good information to know. Thank you!
It depends on the type of property that you are selling, see the options below:   Sale of your main home   Sale of rental property    @kjmlmv 
Oh, I did the amending with the 1095-A which did create an 8962 and reflected the higher tax that I owe AFTER the return was already accepted by the IRS.    So that's where I am right = I owe for t... See more...
Oh, I did the amending with the 1095-A which did create an 8962 and reflected the higher tax that I owe AFTER the return was already accepted by the IRS.    So that's where I am right = I owe for the 8962 amount + ~$900 extra on the late penalty (I bought a house at the end of the year and cashed in stocks, equities, CDs, etc. but wasn't paying taxes quarterly since I did not know I was going buy said house.