All Posts

@RuelP  FYI :   Here is chatGPT 4o analysis of this issue. Note: ChatGPT admits responses may contain errors and I previously have gotten erronneous responses. ===== fanfare said: There is nothing in the IRS Instructions for Form 1040-X that confirm your response that unchanged forms should not be included.   ChatGPT said: You're right to point that out — the IRS Form 1040-X instructions do not explicitly state that unchanged forms should not be included. However, the key guidance is in what is required: From the official IRS Instructions for Form 1040-X, under “Attachments”, it says: Attach any schedules and forms that are affected by the change. For example, if you are changing Form 1040 or 1040-SR, line 12b, attach the schedule(s) used to figure the revised amount. Also, attach any Form W-2 or W-2c that supports changes made on this form. Interpretation: The IRS only requires forms/schedules that are affected. It does not instruct filers to include all forms or unchanged ones. Historically and practically, including unchanged forms can confuse processing and is not recommended unless the IRS specifically requests them. Confirmed Practice: Tax professionals and the IRS’s Amended Return Guidelines confirm that only changed or new schedules should be submitted with 1040-X. The IRS transcript and processing system (CAF/CAWR) relies on the delta — the changes — not the full return being reconstructed. Summary: You're correct the instruction doesn't explicitly forbid including unchanged forms, but it clearly does not require them and emphasizes only attaching affected materials.

Yes.  Do you have the Desktop Download program?   If you are using the Online version you can use the same email for 5 accounts and returns.   In the Online version you have to setup a new account.  If you use your account you will overwrite your return.   You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return Create your account screen Set up a new login for the second return Start working on the new return   The Desktop program can do unlimited returns and efile 5.  You can buy the Desktop Download program directly from Turbo Tax TurboTax® 2021-2022 CD/Download Tax Software, Compare Desktop Tax Preparation

when you say "rollover my 401K to IRA account" is the goal to convert it all to Roth?   generally you can rollover the 401K to IRA without any tax; conversion from the IRA to Roth is then taxable.   what is the make-up of your 401 is it entirely pre-tax contributions/earnings, or do you have after-tax contributions, or any sort of Roth 401k balance etc?  If you have after-tax contributions in the 401K some plans/custodians allow that balance to be rolled over to Roth.   but if you are using your IRA for backdoor Roth conversions which relies on having zero balance/basis in the IRA to make the backdoor Roth conversion non-taxable, if you convert your 401K to IRA and then don't convert it to Roth and have a balance in the IRA then you won't get the same tax advantage on backdoor Roth conversions.   if you can explain a bit more about your situation and what you are looking to accomplish that may help 

Thanks for addressing my question. No, no rollovers (IRA or 401k). They also asked for 3 pay stubs including the end of year pay stub, as well as a letter on company letterhead stating dates of employment, wages paid and withholdings. I had a couple of months of disability that was paid to me by the state (NJ), but my employer didn't capture income and taxes on my original W2, but they corrected it when I caught it. I did my taxes only once, and it was with the corrected W2, I am guessing that they (IRS) received my return, it didn't match what my company had submitted, because they would have had to submit an amended one to the IRS. Could that be correct, and why the IRS is holding my 3.7k refund?

Did you do any rollovers from a retirement account, particularly from one employer plan to another employer plan?  The IRS might question that such a rollover was actually completed since a receiving employer plan does not report receipt of the rollover the way an IRA custodian would report receipt of a rollover to an IRA.

Didn’t you transfer from 2023 when you started 2024?   Did you use the Online version or the Desktop program for 2023?   Did anything transfer?  If you find the right 2023 file to transfer you will have to start a new 2024 return, go up to File-New.  You can only transfer at the very beginning before you start 2024.   This is mainly for Schedule C but can also apply to Schedule E.  If you used the Desktop program last year, see if you have another .tax2023 file on your computer.     Or maybe last year you marked the Schedule C as FINAL in Turbo Tax?   Here's an idea.  Do you still have 2023 installed?  Try opening 2023 program and see if you can get your 2023 return to show up in it.  Go to FILE - OPEN.  And see if your schedule C is in it and if it's marked as finally disposed.  Or any Assets were disposed or sold.   Then save it again with a name and place you can find.  Go to File - Save As.  Then start a new 2024 return and transfer from the 2023 file.

Your adjustment to income is $1000 in student loan interest per your IT-203. Since you were a NYC resident for approximately half of the year, I allocated $500 as the NYC resident portion. If your payments were not made evenly throughout the year, you should instead enter the amount of student loan interest paid while you were a NYC resident.      @creye78 

Thank you for your reply.   I suspect my questions were poorly framed.   I included the fact that the pension is from Alaska only because I don't know if Hawaii treats non-Hawaiian state pensions differently than Hawaiian state pensions.   But, the core of question is how Hawaii taxes pensions. From my reading it seems that Hawaii, in general, does not tax pensions. However, Hawaii treats pensions that are solely employer financed versus pensions where the employee also contributes differently.   Essentially, it seems that if an employee contributes to pension then at least a portion of the proceeds from the pension are taxable. But, if the pension is solely funded by the employer then the pension is 100% non-taxable.   The exception to this MIGHT be if the employee as no choice and is forced as a condition of employment to contribute to the pension. In this case 100% of the pension is not taxable. This is what I am trying to confirm.   Sincerely.

Usually, the inventory change statement is needed to explain the difference between your recorded and actual inventory. It makes me wonder if you made an adjustment to the inventory, triggering this type of difference. You might want to revisit your inventory items in TurboTax. 

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   If you have not registered, paid or e-filed you can clear and start over in a lower version of the software. CLEAR AND START OVER   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-turbotax-online/L37BZFuBV_US_en_US?uid=m6b26ost     https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m5ydiw67   TO REMOVE TURBOTAX LIVE https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-subscriptions/remove-turbotax-live/L3WW5jwOM_US_en_US?uid=ma8s9fn5  

Identity verification is not an audit.  This is a matter between you and the IRS which does not involve TurboTax.     I HAVE TO VERIFY MY IDENTITY     Sometimes the IRS chooses returns randomly to request verification of identity and sometimes there is something on the return that triggers the request.  No matter why the IRS has required you to verify your identity, you need to follow their instructions in order to receive your refund.  If you do not verify your identity you will not get your refund.   https://turbotax.intuit.com/tax-tips/security/tips-for-handling-identity-verification-requests-from-the-irs/L55RhaS2B   https://www.irs.gov/identity-theft-fraud-scams/identity-verification-for-irs-letter-recipients