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LeticiaF1 · ‎April 23, 2025

Follow the steps that were given by ShannonB1, the screen below shows the option to select the type of investment. Then follow the questions to enter your information. @peterinbosto...

Follow the steps that were given by ShannonB1, the screen below shows the option to select the type of investment. Then follow the questions to enter your information. @peterinboston2

CatinaT1 · ‎April 23, 2025

Yes. That's how it's supposed to work!

freddytax · ‎April 23, 2025

Thank you! But it looks like the amended return sends everything, e.g., Schedule B, D, etc. since they've already been sent the first time. Is that ok? The new 1040 shows the new amount I owe and ...

Thank you! But it looks like the amended return sends everything, e.g., Schedule B, D, etc. since they've already been sent the first time. Is that ok? The new 1040 shows the new amount I owe and the 1040X shows the difference between the original 1040 and the new one. It sounds like that would work?

TurboTaxAniqua · ‎April 23, 2025

You can request a refund for your TurboTax product within 60 days of the original purchase date. Fill out and submit the form below. Make sure to clear cookies and cache before you start a new refund...

You can request a refund for your TurboTax product within 60 days of the original purchase date. Fill out and submit the form below. Make sure to clear cookies and cache before you start a new refund request form. Make sure to provide all the required information. We suggest scanning the receipt instead of taking a picture. How do I get a refund for a TurboTax product? Thank you for choosing TurboTax.

jkeefe0920 · ‎April 23, 2025

I arranged for a direct withdrawal from my bank for payment of my taxes and authorized the money to be released on 4/14/2025. My return is reported, by way of USPS tracking, as delayed. My bank doe...

I arranged for a direct withdrawal from my bank for payment of my taxes and authorized the money to be released on 4/14/2025. My return is reported, by way of USPS tracking, as delayed. My bank does not show the money released on 4/14/2025. When should I expect the money to be release as payment on my taxes and will there be charges as it is now after the 4/15/2025. Also, I recommend that these contingencies be added to your Tax program in future renditions or at least more conveniently accessible.

SharonD007 · ‎April 23, 2025

There's not an indication on Form 1099-R that your distribution was a QCD. After you enter your 1099-R, TurboTax will ask you follow-up questions. You will select that your distribution was a Qualif...

There's not an indication on Form 1099-R that your distribution was a QCD. After you enter your 1099-R, TurboTax will ask you follow-up questions. You will select that your distribution was a Qualified Charitable Distribution. The full amount of the distribution reported on your Form 1099-R will be on line 4a (IRA Distributions) of your Form 1040 or 1040-SR. The taxable amount reported on Line 4b will be the total distribution less the QCD amount and will have "QCD" entered next to it. Refer to the TurboTax Help article What is a Qualified Charitable Distribution? for more information. If you didn't answer the follow-up questions indicating that your distribution was a QCD, that may be why you received the CP2000 notice. You will need to follow the directions on your notice to let the IRS know that you had a QCD. Refer to the TurboTax article I got a CP2000 notice from the IRS for more information. @les_matheson

NancyWolfe · ‎April 23, 2025

@Vanessa A Thank you for responding to me! I had it that way originally, but when I saw that the IRS made the checks payable to the business and used the business EIN on the 1099-INT, that m...

@Vanessa A Thank you for responding to me! I had it that way originally, but when I saw that the IRS made the checks payable to the business and used the business EIN on the 1099-INT, that made me think I needed to use their Schedule C to report the interest and then also, I deducted the fee paid to the specialist company that prepared the 941X. but I guess not... I just eat that cost and cannot reduce the taxable interest income by what I paid them for their work? . Yes, the businesses are closed and no returns have been filed after the second year closed - misc expenses and payments that happened in January (cash basis) - two of the LLCs have not been closed, but the third one, yes. Thanks again.

Diane Deschênes · ‎April 23, 2025

Pourquoi que mon code d'activation ne fonctionne pas ?

nyccomposerbuddy · ‎April 23, 2025

Yes, I am - where it says "Tell Us About Your Schedules K-1." This has sections where TurboTax asks about car/assets/gifts/miscellaneous/transportation/meals/entertainment/travel/education/publicatio...

Yes, I am - where it says "Tell Us About Your Schedules K-1." This has sections where TurboTax asks about car/assets/gifts/miscellaneous/transportation/meals/entertainment/travel/education/publication. Since my spreadsheet has this info, and our tax guy gave us a K-1, I am just ignoring these sections moving forward. I am not entering anything in the Self Employment section.

rjs · ‎April 23, 2025

When a large portion of your income was at the end of the year you can get a break on the estimated tax penalty by using the annualized income method to calculate the penalty. It takes into account t...

When a large portion of your income was at the end of the year you can get a break on the estimated tax penalty by using the annualized income method to calculate the penalty. It takes into account that the income occurred at the end of the year, so you were not required to make estimated tax payments earlier in the year. When you go through the "Underpayment penalties" topic in TurboTax it will ask you if you want to use the annualized income method.

les_matheson · ‎April 23, 2025

Line 4b of my 2022 Form 1040-SR shows QCD and correctly calculates the Taxable Amount.

RobertB4444 · ‎April 23, 2025

Are you talking about the 1040-X? TurboTax will only include that in your amended MA return. And you will probably have to print and mail that. @arthur-stawski

SteamTrain · ‎April 23, 2025

Hmmm, I disagree somewhat. As long as the value of box 1a didn't change......and box 1b is still equal-to or lower than the box 1a value. Then the increase in your box 1b value could lower yo...

Hmmm, I disagree somewhat. As long as the value of box 1a didn't change......and box 1b is still equal-to or lower than the box 1a value. Then the increase in your box 1b value could lower your tax liability....because the 1b value just allows some of the dividends to be taxed at lower tax rates. But whether it has any effect at all will depend on all your income for the year. The only way to tell if it might result in a bit of a refund would be to prepare an amended tax return to see what happens. Don't amend until the original tax file ahs been processed, and any refund issued...or payment for taxes due has been paid on the original file. That original file cannot be stopped.....so the original refund, or payment due, needs to be completed.

TurboImpotNadia · ‎April 23, 2025

First, we want to give you our sincere condolences for your loss. If you have filed your dad's final tax return and received in 2024 some tax slips under his name, you would need to file a T3 Trust I...

First, we want to give you our sincere condolences for your loss. If you have filed your dad's final tax return and received in 2024 some tax slips under his name, you would need to file a T3 Trust Income Tax and Information Return (T3 Return). We would recommend contacting CRA if you need help filing the T3 or reaching out to a certified accountant. Contact us - Canada.ca Thank you for choosing TurboTax

AnnetteB6 · ‎April 23, 2025

Yes, you will need to mail the amended return and payment. There will not be a 1040-V included since you are preparing the amended return by hand. Use the following link to find the 2020 versi...

Yes, you will need to mail the amended return and payment. There will not be a 1040-V included since you are preparing the amended return by hand. Use the following link to find the 2020 version of Form 1040-X on the IRS website: Prior Year Forms, Instructions & Publications Search @CommunityQuestionner

RobertB4444 · ‎April 23, 2025

Your deductions are based on your income. Changing your income changes your deductions. Yes, you can skip taking a deduction like this. @dhburton

Vanessa A · ‎April 23, 2025

Correct. If you never filed, you would not amend, just file. Because you need to carry it over each year. You cannot skip a year. So it has to be applied consecutively.

Bsch4477 · ‎April 23, 2025

The IRS’s position would be for you to make an estimated payments in the quarter that you had unexpected income to cover your anticipated tax liability.

Vanessa A · ‎April 23, 2025

The 1040X overrides the 1040. They will add any extra documents you send with the 1040x to the 1040.

VolvoGirl · ‎April 23, 2025

What is the rest of it? Does the 1040 have the full amount on the IRA 4a line and does it say QCD by 4b. and only the taxable amount listed? Or did it show up on the wrong line?

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