Mortgage Interest reported on Form 1098, is entered in the Deductions and Credits section, under 'Your Home'.
Here's more info on Mortgage Interest on Timeshares.
@RussandJill
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Mortgage Interest reported on Form 1098, is entered in the Deductions and Credits section, under 'Your Home'.
Here's more info on Mortgage Interest on Timeshares.
@RussandJill
Even though you are using the desktop program it uses the internet to transmit the tax returns. Try clearing your cache and cookies as @HeatherPLO advised above so that the return can be transmitted...
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Even though you are using the desktop program it uses the internet to transmit the tax returns. Try clearing your cache and cookies as @HeatherPLO advised above so that the return can be transmitted.
@marcusgrantl
There is no local income tax in New Jersey. Boxes 18, 19, and 20 on your W-2 should be blank. Leave those boxes empty in TurboTax.
Some New Jersey employers put FLI in box 19. It doesn't belong t...
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There is no local income tax in New Jersey. Boxes 18, 19, and 20 on your W-2 should be blank. Leave those boxes empty in TurboTax.
Some New Jersey employers put FLI in box 19. It doesn't belong there. It belongs in box 14. Enter FLI in box 14 in TurboTax. Leave boxes 18, 19, and 20 empty.
Thanks. I am a little confused though. There is itemized deduction, where I can use the mortgage interest and property tax. And there is passive loss deduction. I have used the property part time f...
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Thanks. I am a little confused though. There is itemized deduction, where I can use the mortgage interest and property tax. And there is passive loss deduction. I have used the property part time for personal use while it was not rented. I am not sure should I be allowed a passive loss deduction or for itemized deduction (1098).
Here are two ways to navigate to the section to enter the 6 digit IP PIN:
Log in and open your return ("Take me to my return")
Once the return is open, then go to the Federal Taxes tab...
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Here are two ways to navigate to the section to enter the 6 digit IP PIN:
Log in and open your return ("Take me to my return")
Once the return is open, then go to the Federal Taxes tab.
Subtab Other Tax Situations
Scroll down to Other Return Info.
Choose Identity Protection PIN and Start (or Revisit.)
Next screen asks: "Did you or any of your dependents get an IP PIN from the IRS for this year's taxes?"
Or another way:
Open your return if not already open. ("Take me to my return.")
Once the return is open, click at the top on MY ACCOUNT, then choose TOOLS.
In the Tools window choose TOPIC SEARCH.
Enter IP PIN without quotes.
In the selection list highlight IP PIN and click GO.
Next screen asks: "Did you or any of your dependents get an IP PIN from the IRS for this year's taxes?"
Have you asked this 3rd party about the W-2 that they send you?
1. Is the health insurance premium included in the Box 1 amount?
2. If the health insurance premium is not included in box 1, t...
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Have you asked this 3rd party about the W-2 that they send you?
1. Is the health insurance premium included in the Box 1 amount?
2. If the health insurance premium is not included in box 1, then would it not be appropriate to include a code DD in box 12 with the amount of the health insurance premium?
4. Is this 3rd party the one debiting your checking account for the health insurance premium, or is it someone else?
I am curious to their thought process.
74 years old, retired but continued to work for same employer, receives W2 from with 403B deduction, did not receive 1099-R nor Form 5498 from plan administrator for the 403b with same employer. Was ...
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74 years old, retired but continued to work for same employer, receives W2 from with 403B deduction, did not receive 1099-R nor Form 5498 from plan administrator for the 403b with same employer. Was RMD should have been taken 12/31/2024?
I had to charge $20 on my credit card to get access to the California e-filing. Then I ran into the infamous CODE 2 error that said that I could not upload my return. I read the various threads on r...
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I had to charge $20 on my credit card to get access to the California e-filing. Then I ran into the infamous CODE 2 error that said that I could not upload my return. I read the various threads on resetting security, purging browser data and messing around with my router. After about 15 attempts to upload the return, I have run out of time and will mail in the return. The Code 2 issue is huge. As a known problem, I would ask Intuit to credit my $20 filing fee back to me. I cannot and will not be using that service.
I wonder if it's an offset. The IRS and State Governments have the ability to offset a refund to pay for certain past due debts. You generally will receive a letter stating what the offset was fo...
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I wonder if it's an offset. The IRS and State Governments have the ability to offset a refund to pay for certain past due debts. You generally will receive a letter stating what the offset was for. The IRS provides a toll-free number, (800) 304-3107, to call for information about tax offsets.
None of this is working!! And there is NO information to make the adjustments. PLEASE Get this together. I have a six digit pin given to me by the IRS and when I change it like told above. It sti...
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None of this is working!! And there is NO information to make the adjustments. PLEASE Get this together. I have a six digit pin given to me by the IRS and when I change it like told above. It still insists of only 5 numbers! I would certainly like to file on time! Thanks!
Where do I find my AGI?
https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947
Your 2023 tax return shows your 2022 Adjusted Gross Income (AGI) If you filed a...
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Where do I find my AGI?
https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947
Your 2023 tax return shows your 2022 Adjusted Gross Income (AGI) If you filed a joint return then the AGI is the same for each of you.
Form 1040 line 11
If entering the amount from your 2023 tax return does not work, then try entering “0” instead. If that does not work and you still cannot e-file, then print, sign, and mail your tax return.
You can get a free transcript of your past return from the IRS:
https://www.irs.gov/individuals/get-transcript
Note: If you filed late or amended your return, your correct 2023 AGI may not be in the system.
I just got married and didn’t know that I needed to file only one tax return if filing jointly and me and my wife both filed and filed jointly and both got rejected so how do I unfile her taxes and r...
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I just got married and didn’t know that I needed to file only one tax return if filing jointly and me and my wife both filed and filed jointly and both got rejected so how do I unfile her taxes and refile mine so that it’s combined.
I assume that the oil royalty income is a passive investment and does not derive from the active conduct of a trade or business. The royalty income would likely not be eligible to be offset.
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I assume that the oil royalty income is a passive investment and does not derive from the active conduct of a trade or business. The royalty income would likely not be eligible to be offset.
The total cost you can deduct is limited to your taxable income from the active conduct of a trade or business during the year. You are considered to actively conduct a trade or business only if you meaningfully participate in its management or operations. A mere passive investor is not considered to actively conduct a trade or business.
A Section 179 carryover occurs when a business cannot fully use the available deduction due to specific limitations. One common reason is the taxable income limitation. If a business’s taxable income is too low to absorb the entire deduction, the unused portion carries over to future years. This allows businesses to eventually benefit from the deduction without exceeding taxable income.
See this TurboTax Help.
You can e-file an extension request, Form 4868, using this TurboTax website - https://turbotax.intuit.com/irs-tax-extensions/
The extension will give you until October 15, 2025 to file the 2024...
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You can e-file an extension request, Form 4868, using this TurboTax website - https://turbotax.intuit.com/irs-tax-extensions/
The extension will give you until October 15, 2025 to file the 2024 federal tax return. It will not however give you an extension for payment of taxes owed. Federal taxes owed are due and payable no later than April 15, 2025 to avoid a failure to pay penalty.
