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April 2, 2025
3:02 PM
1 Cheer
You need to enter amounts for each code in box 20. For the code Z, for qualified business income (QBI), you will combine the section 199A income on the various businesses and make one entry in Turbo...
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You need to enter amounts for each code in box 20. For the code Z, for qualified business income (QBI), you will combine the section 199A income on the various businesses and make one entry in TurboTax. Code A is for investment income, so hopefully there is an amount for that on your schedules. Code V is for unrelate business taxable income, and there should be an amount for that in your statements as well. So, enter the codes in box 20 and one amount for each code.
April 2, 2025
3:02 PM
I got an Electric vehicle in 2024. But I leased the car did not buy it, the question on the tax form asks if i bought the vehicle. Can i say yes with a lease? or does it have to be a purchase?
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April 2, 2025
3:02 PM
@BrittanyS , @henrysf I did that (entering 1 in W2 line 1), and this time it went through without rejection. Thanks for your (and other users) suggestion.
April 2, 2025
3:02 PM
If you are using TurboTax Home & Business Desktop, select "File" on the top left side of the home screen above the Intuit TurboTax logo.
Next select "Create 1099/W-2"
HERE is a link to help ...
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If you are using TurboTax Home & Business Desktop, select "File" on the top left side of the home screen above the Intuit TurboTax logo.
Next select "Create 1099/W-2"
HERE is a link to help with the steps for TurboTax Online
April 2, 2025
3:02 PM
I used scholarships/grants, a student loan, and my own funds to pay for tuition, fees, and room and board. My student loan was put on my account and used before a few of my other scholarships/grants w...
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I used scholarships/grants, a student loan, and my own funds to pay for tuition, fees, and room and board. My student loan was put on my account and used before a few of my other scholarships/grants were added to my account. Is there a specific way I can calculate what funds went to what charges?
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April 2, 2025
3:01 PM
Great solution but I have used Turbo tax for several years now and last year I took part of my RMD from both IRSs so Turbo Tax was expecting a 1099R from both, but since I didn't take part of the RMD...
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Great solution but I have used Turbo tax for several years now and last year I took part of my RMD from both IRSs so Turbo Tax was expecting a 1099R from both, but since I didn't take part of the RMD from one of them they did not send me a 1099R and the system asked for the other 1099R then asked if I took the RMD. No box to check to explain.
April 2, 2025
3:00 PM
Because you moved from a state with no income tax, you will want to file as a nonresident.
An individual who is a South Carolina resident for only a portion of the tax year may choose the filin...
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Because you moved from a state with no income tax, you will want to file as a nonresident.
An individual who is a South Carolina resident for only a portion of the tax year may choose the filing method below that is the most beneficial:
Compute South Carolina tax as a South Carolina resident for the entire year. You include all federal taxable income and claim a credit for Income Tax paid to another state.
Compute South Carolina as a nonresident, using the amounts that are taxable to South Carolina. Amounts taxable to South Carolina include all items of income, gain, loss, or deductions earned from South Carolina sources or while you are a South Carolina resident.
April 2, 2025
3:00 PM
No, if you do not have your own HSA, and she is just paying your medical expenses to the providers with that money. If it is her HSA, she will report the contributions and withdrawals. One with a f...
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No, if you do not have your own HSA, and she is just paying your medical expenses to the providers with that money. If it is her HSA, she will report the contributions and withdrawals. One with a family HSA can spend the money on themselves, their spouse, or dependents.
April 2, 2025
3:00 PM
You only enter your Paid Family Leave from Form 1099-G in the Unemployment and paid family leave Section under Unemployment Government benefits on Form 1099-G. It shouldn't be under Other Income.
...
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You only enter your Paid Family Leave from Form 1099-G in the Unemployment and paid family leave Section under Unemployment Government benefits on Form 1099-G. It shouldn't be under Other Income.
Delete the entry under Other 1099-G Income. Follow the steps below to delete the information that you entered there.
In the Wages & Income section, scroll down to Other 1099-G Income
On the Government Payments Summary screen Select the trash can next to the payment that you entered.
This should eliminate the duplicate entry.
April 2, 2025
2:59 PM
If my disabled child lives in a group home and gets 50% of his father's pension to pay for his board and lodging, and father also provides personal and incidental expenses for the child, can the chi...
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If my disabled child lives in a group home and gets 50% of his father's pension to pay for his board and lodging, and father also provides personal and incidental expenses for the child, can the child be claimed as dependent by the parent. The child also stays with parents during the weekend and parents provide for food and lodging.
April 2, 2025
2:59 PM
I have a simple return. Standard deduction.
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April 2, 2025
2:59 PM
Already downloaded software ?
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Yes, you CAN do it that way.
You previously said "If it is taxed on his return, it would be pretty much a wash whether he does or doesn't take the non-refundable AOTC once we factor in the lo...
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Yes, you CAN do it that way.
You previously said "If it is taxed on his return, it would be pretty much a wash whether he does or doesn't take the non-refundable AOTC once we factor in the loss of the $500 dependent credit"
That depends on the numbers. The AOTC is 100% of the first $2000, even when it's not refundable. The taxable portion of a 529 distribution is unearned income. As such, it is subject to the "Kiddie tax" and he only gets a $1300 standard deduction.
Whether there is any scholarship money or other income also affects then calculation.
April 2, 2025
2:59 PM
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 fil...
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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.
April 2, 2025
2:59 PM
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April 2, 2025
2:58 PM
1 Cheer
Yes, you are correct; you can't make changes to Form 4868. But your plan will work just fine.
Provided you wrote down your confirmation number, or requested it be emailed to you, you can us...
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Yes, you are correct; you can't make changes to Form 4868. But your plan will work just fine.
Provided you wrote down your confirmation number, or requested it be emailed to you, you can use that number to look up, modify or cancel a scheduled payment before it happens. Select the option Look Up a Payment on the main Direct Pay page to enter your confirmation number and make changes. You have until two business days before the payment date to cancel or make any changes.
April 2, 2025
2:58 PM
Awesome! Thank you for clearing that up! Yes, you alone moving forward can report the estimates under your social or the EIN and actually with your new information, you have another option. This will...
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Awesome! Thank you for clearing that up! Yes, you alone moving forward can report the estimates under your social or the EIN and actually with your new information, you have another option. This will sound bizarre, but, the two of you are MFJ so you can have him take more out from his job to cover your self-employment. All of the business income is being reported on Sch C inside of your joint return. The money withheld from his job or the estimated taxes you pay will be reported on your joint return for credit.
The self-employment taxes you pay when filing will be credited to your Social Security account along with your income.
April 2, 2025
2:58 PM
Go to Federal>Wages & Income to enter a W-2.
After you enter the first one, you click Add Another W-2.
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