All Posts

If you are not legally married as of December 31, 2024, you cannot file married filing jointly or married filing separately. To change your filing status, please go into your Personal Info section and select the correct filing status.    If you are legally married as of December 31, 2024, you have three filing status options you can file: You can file Married filing Jointly. However, in order to do this, you'll need to obtain an ITIN for your spouse by submitting Form W-7 with your tax return. You must also submit an election to your return indicating that you wish to file jointly and wish to treat your spouse as a US resident for tax purposes. If filing this way, you must file by mail.  You can file Married filing Separately. Under this status, you won't include your wife's income and your standard deduction will be lower. If you choose to file this way, you must enter NRA in the field of your spouse's social security number and you will also have to file by mail.  You can file as Head as Household if your spouse does not get treated as a US resident for tax purposes, and you pay more than half the cost of maintaining a household for qualified individuals.   

If you are still working and do not own more than 5% of the business, then you may be able to delay taking your RMD with that employer. Since this is technically the same employer who is sponsoring both your 401k plans, you should be able to delay your RMD until you stop working for that employer. However, it may be best to check with the plan administrator to confirm.    @ahmadhussain   

@cberistain since she is your child and as long as your are paying at least 50% of her support, whether or not she meets the other tests to be your dependent, you are permitted to take a medical deduction for the medical expenses she incurred and you paid.    it would not be a gift under this circumstance.     

Your tax return is the form you send to the government that shows your income and calculates your tax. The money the government sends back to you is your refund. What is "it" that says your refund is here, and where is "here"? What exactly does "it" say? Are you talking about your federal refund or your state refund? They are sent separately, by different agencies. If Where's my refund? on the IRS web site says that they sent your federal refund, it could take as much as a week after they send it before it appears in your bank account. If you paid your TurboTax fees from your refund it could take a little longer because it has to go through an intermediary bank to take out the TurboTax fees.  

The condo fees and garage fees are not deductible. If you get a letter or other document from the condo management telling you that part of the fee is mortgage interest, then whoever paid the fee can deduct that mortgage interest, if he or she itemizes deductions. Basically the person who actually paid a deductible expense, and only that person, is entitled to claim the deduction for that expense, subject to the general limitations on the deductions. It's possible that new tax legislation will affect your deductions. You are probably aware that the bill that the House recently passed includes an increase in the limit for state and local taxes, which includes real estate tax. Stay tuned.  

you paid the interest and taxes so you get to deduct them subject to their respective limitations. note that deposits into the real estate escrow are not deductible. you get the deduction when the taxes are taken out of escrow.  

It depends. This amount likely reflects an adjustment needed on your state return. This is common as many states add back certain deductions from your federal AGI when determining state taxable income.    Can you clarify the type of K-1 you are entering, the state return you are completing, and where in TurboTax you are seeing this prompt?

First, you will need to amend your federal return for 2024. To do so, please follow the instructions here. In addition to making the necessary changes, please ensure that your state of residence is correct in the Personal Info section so the correct state forms populate.    In addition, can you clarify why the state of Illinois believes you have to file a Schedule NR? Did you have Illinois source income at some point in 2024? If so, you need to allocate this income appropriately on Schedule NR. Even if you are not a resident of the state, you may still be liable for tax to that state. When you allocate your income, you will have to calculate the Illinois portion of the amount that should be taxed in the state. For further instructions on filing a nonresident return, please click here. 

The payer ID number is on the Form 1099-NEC or Form W-2 that Intuit sent you. (The name of the company is Intuit, not TurboTax.) If you don't have the 1099-NEC or W-2 you have to ask your contact at Intuit how you can get a copy of it. This online community is for helping customers who use TurboTax to file their tax returns. No one here can help you with your contracting or employment issue.