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TurboTax ESPP prompts correctly gather the information from the ESPP purchase to allocate the W2 ordinary income and capital gains.  What I can NOT find is where to show the sales commission Schwaub ... See more...
TurboTax ESPP prompts correctly gather the information from the ESPP purchase to allocate the W2 ordinary income and capital gains.  What I can NOT find is where to show the sales commission Schwaub charges and as it was a crazy $25 I need to get it in.  Schwaub reported GROSS proceeds not Net.  On the entry form for the 1099-B the "Proceeds" info popup says there will be a field later to enter sales commissions.  I have gone all the way through the ESPP prompts and while it asks for possible commisions on the ESPP purchase (there is none) it never asks for the sales commission.  I have also been digging through the forms but I can not find it.  Please help.  
@Anna501   Seems your NY employer still had you assigned as a NY employee and allocated to the NY office.  As you moved for your own convenience and not that of your employer, NY may tax all your inc... See more...
@Anna501   Seems your NY employer still had you assigned as a NY employee and allocated to the NY office.  As you moved for your own convenience and not that of your employer, NY may tax all your income as a non-resident unless you met the Convenience of employer tests and/or NEVER went to the NY office at all nor were you required to ever go to NY.  If your contract never required you to enter the NY Office and you never went to NY, you may have a valid argument to not owe NY taxes.  Now that you have been officially assigned to the Texas office, this would no longer occur.  Unless your work contract met the rules, you would owe NY Non resident taxes as you were employed by a NY entity.  So read the rules, if you still feel your work contract met them, you may expect a NY audit and have complete documentation.  For more reading on a complex situation and all the applicable rules NY UPDATED CONVENIENCE RULES  To get a refund, you would have file a non-resident NY tax return  and if you feel you met the rules, allocate all income out of NY. 
My consolidated tax documents has a supplemental Information section that is "not reported to the IRS" and it shows Accrued Interest Paid on Purchases. From what I am reading here and on IRS.gov I sh... See more...
My consolidated tax documents has a supplemental Information section that is "not reported to the IRS" and it shows Accrued Interest Paid on Purchases. From what I am reading here and on IRS.gov I should reduce the interest on the short-term treasury bonds. Is that correct? Also, in 2024 this showed up for the first time and I didn't think it mattered, but I had no bond interest that year. Can the Interest paid on purchases in 2024 and 2025 be subtracted from the interest shown on the 1099-INT? 
complete form 172 this is for your use in 2026 since Turbotax does not compute NOL and there are some items that can affect the proper computation   the IRS will require this form when you file 2... See more...
complete form 172 this is for your use in 2026 since Turbotax does not compute NOL and there are some items that can affect the proper computation   the IRS will require this form when you file 2026 so do it now so you don't end up surprised next year.    https://www.irs.gov/forms-pubs/about-form-172 
if you'tre uing ither than the premium version, you'll need to upgrade to enter the k-1. 
you must have been using a desktop version in the past. with online - no overrdes - they'll prevent e-filing, and the accuracy guarantee is void   tell us what you're trying to adjust on schedule... See more...
you must have been using a desktop version in the past. with online - no overrdes - they'll prevent e-filing, and the accuracy guarantee is void   tell us what you're trying to adjust on schedule 1. We should be able to tell you how to do it properly so you can e-file and have the accuracy guarantee. 
I thought I was about finished but noticed that my wifes SSA-1099 Information was missing and I can't figure out where to go back to put it in? Please, someone help me?
nope. you use the AGI from your 2024 return which, if you didn't file, is zero. If this is your first filing and you're not 16 you can't e-file.     if you file your own return, make sure that if... See more...
nope. you use the AGI from your 2024 return which, if you didn't file, is zero. If this is your first filing and you're not 16 you can't e-file.     if you file your own return, make sure that if your parents can claim you as a dependent, you indicate this in the info section  you may be subject to the kiddie tax if all four of these conditions apply. If you are, you'll need info from your parents' return to complete  Form 8615 - you're filing your own return. If you don't have earned income (wages or self-employment income, it may be possible for your parents to report your unearned income on their return using Form 8814.    1) you don't file a joint return 2) one or both parents are alive on 1231/2025 3) your unearned income for 2025 exceeds the threshold and you have positive taxable income  for the year 4) you fall under one of the age rules below a) <18 -always applies b) 18your earned income < or = 50% of your support c) 19-23your a full-time student aand your earned income is < or = 50% of your support d) >23  - doesn;t apply   tthrehiold unearned income > $1350      
  For "Sold to Open" (STO) option positions, the IRS cost basis is the premium received minus transaction costs (commissions/fees). When you close the position, you compare this initial premium (basi... See more...
  For "Sold to Open" (STO) option positions, the IRS cost basis is the premium received minus transaction costs (commissions/fees). When you close the position, you compare this initial premium (basis) to the "Bought to Close" (BTC) cost to determine short-term capital gain or loss. This is generally reported on Form 8949 and Schedule D.    The IRS mandates that a trader with a cash-settled, written contract report only the gain or loss as proceeds.  For "sold to open" transactions on your 1099-B with no cost basis, you must report the sale on Form 8949 and Schedule D, using your records to fill in the missing cost basis (premium received minus fees) to avoid being taxed on the entire proceeds. These are usually "noncovered" securities, meaning the broker was not required to report the basis to the IRS. @huangjenni
If I work for a New York based company and used to work at their New York location but requested to work out of their Texas location. I moved to and started working at their Texas location prior to 2... See more...
If I work for a New York based company and used to work at their New York location but requested to work out of their Texas location. I moved to and started working at their Texas location prior to 2025 and continued to live and work at their Texas location for the entirety of 2025. However, my W2 lists my entire salary for 2025 as New York wages in boxes 15 and 17. I went to HR and asked them to change my location. They said they could change it for 2026, but could not do anything about 2025. Is there any way I can get my NY withholding back when filing my 2025 Nonresident and Part-Year Resident Income Tax Return?
I have already deleted and re-entered the 1098 in different ways (manual entry, connect to bank, etc.) without any change.
they said it don't match last year's need copy of last year's taxes
@mikebaker650  ADDENDUM Here's how to see your fees.  You might be able to remove something.   With your return interview open, in the left menu column click on TAX TOOLS, then TOOLS. In the Too... See more...
@mikebaker650  ADDENDUM Here's how to see your fees.  You might be able to remove something.   With your return interview open, in the left menu column click on TAX TOOLS, then TOOLS. In the Tools center click the blue button MY FEES.
There is no filing requirement for the child and no report of the child’s income is necessary. 
@sehanford existing extra standard deduction of $6k for seniors. When you input your proper date of birth, TT will do all your calculations. For tax years 2025–2028, most seniors (65+) pay no feder... See more...
@sehanford existing extra standard deduction of $6k for seniors. When you input your proper date of birth, TT will do all your calculations. For tax years 2025–2028, most seniors (65+) pay no federal tax on Social Security due to a new $6,000/$12,000 deduction, provided income is below $75,000 single/$150,000 joint. While not fully eliminated for all, this deduction significantly reduces tax liability, aiming to exempt 88% of seniors.   Review FORM 8582 to see the calculations TT did for you. The vast majority will have no tax on their social security,  which once again is not a benefit to the richest.
To preview your Form 1040 , including the government worksheets before you file, refer to the TurboTax article How do I preview my TurboTax Online return before filing?    Make sure that you sele... See more...
To preview your Form 1040 , including the government worksheets before you file, refer to the TurboTax article How do I preview my TurboTax Online return before filing?    Make sure that you select include government and TurboTax worksheets.   You will have to pay for TurboTax Online or register if using the free product before you can review all of the forms and schedules.