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May 10, 2025
11:05 PM
When did you file the 2023 return--was it last year, or did you file it in recent weeks? Was it efiled or filed by mail? If you efiled the 2023 return last year, was the efile accepted? If you ...
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When did you file the 2023 return--was it last year, or did you file it in recent weeks? Was it efiled or filed by mail? If you efiled the 2023 return last year, was the efile accepted? If you used Online TurboTax, you can check the efile status by logging into Online TurboTax, and at the Tax Home scroll down to the section "Your Tax Returns & Documents." Choose tax year 2023. Does it say accepted, rejected, started, printed, or something else? If your 2023 return was efiled and accepted, or if you mailed the 2023 return, what is showing at the IRS "Where's My Refund" tool? Be sure to choose tax year 2023, your filing status, SSN, and your 2023 refund as shown on your 2023 Form 1040, Line 35a. IRS "Where's My Refund?" https://www.irs.gov/wheres-my-refund What is displayed there in regard to your 2023 return?
May 10, 2025
11:05 PM
I am currently deployed, I was in CA from Oct to Jan for pre deployment. I live in ID
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May 10, 2025
10:47 PM
On 3-2023 I contributed $7500 to my IRA for 2023. On 2-2024 I mistakenly contributed an additional $7500 for 2023, both were nondeductible. I filled out an excess IRA contribution form and the excess...
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On 3-2023 I contributed $7500 to my IRA for 2023. On 2-2024 I mistakenly contributed an additional $7500 for 2023, both were nondeductible. I filled out an excess IRA contribution form and the excess was removed in time on 4-15-2024, incurring a loss of $133. I filed my 2023 taxes on time but did not address the 1099-R since I had not received it yet. I received a 2024 1099-R on 1-2025. Box1=$7367, Box2=$0.00, Box4=$0.00, Box7=code P (excess contributions plus earnings taxable in 2023), IRA=X. I thought the code would have been an 8 but the payer stated the code P is accurate in my case since I had no earnings on the returned excess. I'm unsure of the following. On my 2024 Turbotax program under Wages & Income/IRA (1099R) I answered yes to if I received any retirement income for 2024 and filled out my 1099-R info with code P. The program says, "It looks like you may need to amend your 2023 return because the 1099-R reports earnings on a contribution you made in 2023, this information needs to go on your 2023 return". I'm not sure of this since I had no earnings on my 2024 1099-R. Form 8606 Return of IRA contributions says if you made a contribution for 2023 and you had it returned to you in 2024 by the due date, don't report the distribution on your 2024 tax return. Instead report it on your 2023 original or amended return. Also form 1040 lines 4a & 4b, IRA Distributions, Exception 2 part 4 apply to my situation, I think. I believe I need to enter the 2024 1099-R Box 1 distribution of $7367 on line 4a of my 2023 form 1040. Right now, I don't have a value on my 2024 form 1040, line 4a or 4b. I did the amendment steps on my 2023 return. I entered the 2024 1099-R into the 2023 amendment and selected year 2024 when asked what the 1099-R year was. The program says we don't detect any difference between your original 2023 return and your amended return and if your sure you need to amend to explain why. The only change I see now is that the 2023 form 1040-line 4a = $7367 and form 1040X A & C columns are the same. No change in taxes due or refund. The questions I have are does the 1099-R with code P seem accurate? Do I need to amend my 2023 return? All that seems to change is the form 1040-line 4a value of $7367 and the creation of a 1040X with similar A & C information. I did notice on my 2024 1099-R Summary form, under "Distributions on 2024 1099-R's not reported on the 2024 Return", code P line 35 says "Distribution reported on 2023 tax return =$7367". To satisfy that statement and the previous 2024 Return comment of needing to amend the 2023 return I feel I need to do it. Just looking for some guidance and help before I go ahead with this. Thanks!
May 10, 2025
10:15 PM
There is no box that can be checked on Form 1040 line 6a. What exactly is the box you want to uncheck? What form is it on? What is the label or description of the box?
Have you already filed the ...
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There is no box that can be checked on Form 1040 line 6a. What exactly is the box you want to uncheck? What form is it on? What is the label or description of the box?
Have you already filed the tax return with the box mistakenly checked, or are you still working on the tax return?
The tag below your question indicates that you are using TurboTax Free Edition Online. Is that correct?
May 10, 2025
10:07 PM
Hello! I'm finishing up my 2024 tax returna dn I couldn't find any solid answers in the forum or online, so I figured I'd ask here: My spouse and I are W2 earners and we always have filed MFJ and...
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Hello! I'm finishing up my 2024 tax returna dn I couldn't find any solid answers in the forum or online, so I figured I'd ask here: My spouse and I are W2 earners and we always have filed MFJ and we live in California. Every quarter in 2024, I paid my Federal estimated taxes online through the IRS Direct Pay site ( https://directpay.irs.gov/directpay/payment?execution=e1s1). I always "verified my identity" by putting in my 2023 joint return info under the assumption that both me and my spouse would be linked to the estimated tax payment. However, it only asks me to sign with my SSN and name on the electronic form. Usually this is fine because we do MFJ This year, I am filing MFS (different conversation for another day), and I want to split the estimated taxes I paid throughout 2024 equally between me and my spouse. Can I do this? It's unclear to me if the Direct Pay method above (verified jointly, but signed individually) counts as a "joint 1040 ES". If we are unable to split the estimated payment, then in the IRS system's eyes, only I will have paid sufficient taxes throughout the year and my spouse would have an underpayment penalty :( Thanks!
May 10, 2025
10:06 PM
It's showing you have a refund or a tax due? How did you enter it? Did you make a payment with an Extension? It was too late to be an estimated payment. Don't know if it will let you enter an est...
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It's showing you have a refund or a tax due? How did you enter it? Did you make a payment with an Extension? It was too late to be an estimated payment. Don't know if it will let you enter an estimated payment date for April 2025. And April 15, 2025 would be for the first quarter estimate for 2025 (not 2024).
May 10, 2025
10:06 PM
May 10, 2025
10:06 PM
Me as well. When ask for copy for transcript from IRS I receive letter stating no record of return filed
May 10, 2025
9:40 PM
1 Cheer
In the current desktop TurboTax software, with the most recent updates, the question in the interview does not have a default. You have to select either Yes or No in order to proceed. In forms mode t...
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In the current desktop TurboTax software, with the most recent updates, the question in the interview does not have a default. You have to select either Yes or No in order to proceed. In forms mode the default is effectively No. There is no Yes or No choice on the worksheet. There is a box that has to be checked to indicate Yes, and by default the box is not checked.
Of course, if you return to the question in the interview after Yes has been selected, it will still have Yes selected. That is not a default. That is showing the previously selected answer. You only see a default, if any, the very first time you go to the Social Security topic in a return where Social Security has not previously been entered.
This question is new this year. It's possible that earlier in the season it had an incorrect default, which has since been corrected. If you paid penalties or interest because of the error you can submit a claim under the Accurate Calculation Guarantee.
May 10, 2025
9:11 PM
https://www.irs.gov/newsroom/check-the-status-of-a-refund-in-just-a-few-clicks-using-the-wheres-my-refund-tool
May 10, 2025
9:03 PM
1 Cheer
Are you reporting a liquidation distribution? I can't find a specific screen for it in the interview. The simplest way to get code L in the interview would be to call it a sale of personal items. Whe...
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Are you reporting a liquidation distribution? I can't find a specific screen for it in the interview. The simplest way to get code L in the interview would be to call it a sale of personal items. When TurboTax asks "Do these sales include any other types of investment?" click Yes. Then when you get to the screen where you enter the details of the sale, one of the choices for "What type of investment did you sell?" will be "Personal items." This will give you the result that you want on Form 8949. The IRS will not see that you called it personal items. That's only on an internal TurboTax worksheet. The IRS only sees what's on Form 8949.
As an alternative, you can enter it as an ordinary sale of stock, then check the "nondeductible for another reason" box on the Capital Gain (Loss) Adjustments Worksheet in forms mode, as jtax suggested last year. Making an entry in forms mode does not void the accurate calculations guarantee as long as you do not use an actual override. Just checking a box or entering an amount is not an override. An override would be shown in red on the form. If it's not red it's not an override, and the accuracy guarantee is still in force.
May 10, 2025
8:44 PM
How do I enter tuition from private high school and university in same year? The university issues 1099t but high school does not. I ask this so not to get penalized on a 529 distribution. Does TT al...
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How do I enter tuition from private high school and university in same year? The university issues 1099t but high school does not. I ask this so not to get penalized on a 529 distribution. Does TT allow for a student to be registered as both HS and University and subsequently allow for modification of the total tuition paid beyond what’s recorded on the 1099t? Thanks
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May 10, 2025
8:08 PM
that is correct. zeroes are not allowed.
May 10, 2025
8:04 PM
leave the boxes for november and december blank - don't use zeroes.
May 10, 2025
8:03 PM
an extension payment will not affect TurboTax's calculation of underpayment of estimated tax penalty.
this occurs when you owe more than $1000 and your withholding and timely estimated tax paym...
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an extension payment will not affect TurboTax's calculation of underpayment of estimated tax penalty.
this occurs when you owe more than $1000 and your withholding and timely estimated tax payments (an extension payment is not an estimated tax payment) don't equal or exceed a) 90% of your current year tax or b) 100% of last year's tax (110% if your prior year adjusted gross income is $150K or more).
the penalty is calculated using the lower of a or b.
May 10, 2025
7:55 PM
this is one reason why an amended return should not be submitted until the original is fully processed - you get your refund. it is not possible to know if the IRS will process your amended return in...
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this is one reason why an amended return should not be submitted until the original is fully processed - you get your refund. it is not possible to know if the IRS will process your amended return in time to prevent the refund as originally shown.
May 10, 2025
7:48 PM
Turbotax likely didn't tell you that because it does get your refund. if you ask for fees to be taken out, your refund is first sent to a third-party bank to split the refund between you and Turbot...
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Turbotax likely didn't tell you that because it does get your refund. if you ask for fees to be taken out, your refund is first sent to a third-party bank to split the refund between you and Turbotax. that bank then sends the refund on to be direct deposited into the account you specified on the return. if there's something wrong then the bank refuses the deposit and sends it back to the IRS to send you a paper check to the address on the return.
if you didn't request fees to be taken out, it's basically the same procedure except there is no third-party bank.
so how long ago did you file? it can take months to get that paper check.
May 10, 2025
7:43 PM
why has this not been responded to in any measure?
