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April 7, 2025
3:54 PM
Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when you mail them. Software for pa...
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Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when you mail them. Software for past years is available back to 2021. Any earlier years can only be prepared on paper forms by hand--and those refunds have been forfeited now.
The current online program can only be used for a 2024 return--no other year. And if you did not file a timely 2023 return you will have trouble e-filing 2024. When it asks for your 2023 AGI try using zero. If zero does not work then you have to print, sign and mail 2024.
You cannot change the tax year. The current online program is for 2024 only. Only a 2024 return can be prepared online and only a 2024 return can be e-filed.
Online preparation and e-filing for 2021, 2022, and 2023 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2021, 2022, or 2023 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
April 7, 2025
3:54 PM
It does not give the option of vehicle in the farm asset section(2023 version). You can enter it as machinery but if you look at the "form view, " there is a checkbox that asks " is this a truck or...
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It does not give the option of vehicle in the farm asset section(2023 version). You can enter it as machinery but if you look at the "form view, " there is a checkbox that asks " is this a truck or van?" Which needs to be addressed. If you check yes on the form view, then your write off amounts get flagged in red and the form is flagged as incomplete. It is my understanding that a farm vehicle over 6,000lbs has a yearly write off amount limit that doesn't apply to farm machinery. The vehicle in question is a diesel truck >6,000lbs with a >6' cargo area(bed). Is there a work around for this?
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April 7, 2025
3:54 PM
Social security is exempt from requiring the 8883 under treaty conditions.
Claiming Tax Treaty Benefits states:
The payee does not have to file Form 8833 for any of the following situatio...
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Social security is exempt from requiring the 8883 under treaty conditions.
Claiming Tax Treaty Benefits states:
The payee does not have to file Form 8833 for any of the following situations:
The payee can claim a reduced rate of withholding tax under a treaty on interest, dividends, rent, royalties, or other fixed or determinable annual or periodic income ordinarily subject to the 30% rate.
The payee can claim a treaty exemption that reduces or modifies the taxation of income from dependent personal services, pensions, annuities, social security and other public pensions, or income of artists, athletes, students, trainees, or teachers. This includes taxable scholarship and fellowship grants.
The payee can claim a reduction or modification of taxation of income under an International Social Security Agreement or a Diplomatic or Consular Agreement.
The payee is a partner in a partnership, or a beneficiary of an estate or trust and the partnership, estate, or trust reports the required information on its return.
The payments or items of income that are otherwise required to be disclosed total no more than $10,000.
You can subtract the income and claim tax treaty benefit as the reason. Follow these steps:
Open to federal income
You may need to show other income or less common income
Locate Miscellaneous Income, 1099-A, 1099-C, Start
Scroll to the bottom
Other reportable income, Start
Other taxable income?
Select YES
Description Tax Exempt Social Security from China
Amount, enter your negative amount -use a minus sign in front.
Continue
April 7, 2025
3:54 PM
Yes, you can. TurboTax will compute your self-employment tax and automatically deduct 50% of it for you. You do not need to make any special election for this.
To verify, you can check the t...
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Yes, you can. TurboTax will compute your self-employment tax and automatically deduct 50% of it for you. You do not need to make any special election for this.
To verify, you can check the total self-employment tax you are liable for on your 1040, Line 23. Multiply this by 50%. Check that the result is on Schedule 1, Part II, Line 15.
In the Desktop version, use the Forms view to see the 1040. If you are using TurboTax Online, print preview your return. If you need steps to preview the 1040, see: Can I print a copy of my return in TurboTax Online before I file it
April 7, 2025
3:54 PM
I got a check of 200,000 Euro from my mother last time I went to Europe, as gift. I have opened a checking account in Europe and deposited 185,000 Euro and spent 15,000 in leisure. I have to file f...
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I got a check of 200,000 Euro from my mother last time I went to Europe, as gift. I have opened a checking account in Europe and deposited 185,000 Euro and spent 15,000 in leisure. I have to file form 8938 showing the financial asset (foreign bank account 185,000) and also file form 3520 showing the gift (200,000) that I received. The question is on form 3520 Do I have to check the box C (check if any excepted specified foreign financial assets are reported on this form)
April 7, 2025
3:53 PM
Help
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April 7, 2025
3:53 PM
No, each form does not have a unique number. Try removing the hyphen and change the WTH to lowercase. There are a few different account numbers that are used for Utah withholding, depending on th...
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No, each form does not have a unique number. Try removing the hyphen and change the WTH to lowercase. There are a few different account numbers that are used for Utah withholding, depending on the tax form, but it is the format of the number that sometimes causes an issue on Utah forms.
A tax form entry needs 9-11 digits followed by wth - Example: 12345678901wth
If there is no tax withheld, you may need to try entering zero in Box 14 OR deleting 14-16 leaving them blank.
April 7, 2025
3:53 PM
What form do I find the 2023 state tax overpayment? Referencing Hawaii
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April 7, 2025
3:53 PM
You can just tell the software that you will mail a check to pay your tax due so that you can get past that screen. TurboTax never knows when, how or even if you paid your tax due and does not need...
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You can just tell the software that you will mail a check to pay your tax due so that you can get past that screen. TurboTax never knows when, how or even if you paid your tax due and does not need to know. Your online account will always show that you had federal tax due---because that was the result of the return you prepared using the software.
April 7, 2025
3:53 PM
Capital loss carry-over (if used) is listed on your 1040 line 7
Self-Employment income is reported on Schedule 1 and flows to your 1040 line 8
The loss will not lower the self-employment income. ...
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Capital loss carry-over (if used) is listed on your 1040 line 7
Self-Employment income is reported on Schedule 1 and flows to your 1040 line 8
The loss will not lower the self-employment income.
April 7, 2025
3:51 PM
Tax returns and payments are processed completely separately. There is no need to designate on your Form 1040 how you are paying and you do not need to include your Direct Pay Confirmation page.
April 7, 2025
3:50 PM
I was sent a 1099-NEC form from a project I had worked on last year about community schools within my school district. This was a one time project and I'm not self employed. I have had conflicting se...
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I was sent a 1099-NEC form from a project I had worked on last year about community schools within my school district. This was a one time project and I'm not self employed. I have had conflicting searches about forms to fill out. Do I fill out a 1099-NEC form on Turbotax or an MISC form?
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April 7, 2025
3:50 PM
Charged twice? Did you prepare a federal return and a state return? If so those are two separate fees.
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-...
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Charged twice? Did you prepare a federal return and a state return? If so those are two separate fees.
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
No one in the user forum can resolve a billing issue. If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help. Do not use the word “refund.”
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
April 7, 2025
3:50 PM
April 7, 2025
3:50 PM
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April 7, 2025
3:49 PM
Self-employment income and expense is reported within the self-employment activity and reported on IRS Schedule C Profit and Loss From Business.
The questions that you are mentioning are requir...
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Self-employment income and expense is reported within the self-employment activity and reported on IRS Schedule C Profit and Loss From Business.
The questions that you are mentioning are required to establish the self-employment activity. You may elect to use 999000 for the generic code.
April 7, 2025
3:49 PM
My initial filing (efile) was rejected, I assume it is because my parents claimed me. What change is needed on my taxes to be accepted?
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April 7, 2025
3:49 PM
If you already filed your taxes and then discovered a 1099-R for money moved from an ESOP to a 401(k), you generally need to amend your return to include this form, even if the funds were rolled over...
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If you already filed your taxes and then discovered a 1099-R for money moved from an ESOP to a 401(k), you generally need to amend your return to include this form, even if the funds were rolled over immediately and no money was taken out. Here’s why:
Reporting the 1099-R: Even though the rollover is non-taxable, you still need to report the 1099-R on your tax return to show the IRS that the distribution was rolled over. If you didn't include it in your original filing, you should amend your return to include this information.
You can use this IRS: Reporting Rollovers Tool to determine If you need to report the transfer or rollover of an IRA or retirement plan on my tax return?
To amend see steps at this link.
April 7, 2025
3:49 PM
1 Cheer
How do you calculate MAGI? To calculate your modified adjusted gross income, take your AGI and "add-back" certain deductions. Many of these deductions can be rare, so it's possible your AGI and MAGI...
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How do you calculate MAGI? To calculate your modified adjusted gross income, take your AGI and "add-back" certain deductions. Many of these deductions can be rare, so it's possible your AGI and MAGI can be identical. Different credit and deductions can have differing add-backs for your MAGI calculation. According to the IRS, your MAGI is your AGI with the addition of the appropriate deductions, potentially including:
student loan interest
one-half of self-employment tax
qualified tuition expenses
tuition and fees deduction
passive loss or passive income
IRA contributions
non-taxable social security payments
the exclusion for income from U.S. savings bonds
foreign earned income exclusion
foreign housing exclusion or deduction
the exclusion under 137 for adoption expenses
rental losses
any overall loss from a publicly traded partnership
IRS Instructions for Calculating MAGI
@SLYKTAX
April 7, 2025
3:48 PM
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