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I am having the same issue now in turbotax online 2025. I haven't entered any manual entry for the 457b contribution, which is shown only in the W-2. However, TurboTax is still showing this as an exc... See more...
I am having the same issue now in turbotax online 2025. I haven't entered any manual entry for the 457b contribution, which is shown only in the W-2. However, TurboTax is still showing this as an excess IRA contribution. How can I get over this issue. Thanks
If your daughter files a tax return, the percentages will be allocated between the two tax returns on any basis that you choose as long as the percentages add up to 100%   If the daughter is not ... See more...
If your daughter files a tax return, the percentages will be allocated between the two tax returns on any basis that you choose as long as the percentages add up to 100%   If the daughter is not your dependent, as a US citizen she is must file a tax return if her income exceeds $15,750.   If she files a tax return, TurboTax will ask her to enter a 1095-A. She will enter the info from the parents' form since she does not have her own 1095-A   The next screen will ask her about your health plan being shared, so check the box.   Then she will see a screen asking for shared policy info.    You enter the following:   Enter the Social Security number in box 5 (recipient's SSN) on your parents' 1095-A. Enter the starting month and ending month that you had the insurance. Now you will be asked to enter percentages for Your Premium, Second lowest cost Silver plan (SLCSP), and advanced payment. You and your daughter will agree on what percentage of those amounts you will claim on your return, and what percentage she will claim on hers. You can use anything from 0% to 100%, as long it all adds up to 100%.   Taxpayer 1's tax return should reference taxpayer 2.  Taxpayer 2's tax return should reference taxpayer 1.   See also this TurboTax Help.  
I purchased Turbotax 2025 Desktop Deluxe version from a local retailer, and on the back of the package there is a chart  (see below) with a row titled "Import your investment information from partici... See more...
I purchased Turbotax 2025 Desktop Deluxe version from a local retailer, and on the back of the package there is a chart  (see below) with a row titled "Import your investment information from participating financial institutions".  The row has a box which is NOT checked for Deluxe but IS checked for Premier, implying that Deluxe does not support importing data from financial institutions.   On the other hand, I am seeing several posts in the Turbotax community and elsewhere that indicate Deluxe DOES have the ability to import 1099 data from my financial institutions.   QUESTION: Does Turbotax Deluxe 2025 (as opposed to Premier) have the ability to import financial data, such as 1099 data regarding stock trades and capital gains, from financial institutions such as Fidelity Investments and e*trade?  
Here is a post from TurboTax posted on Jan 16, 2026 confirming what I was trying to imply.   Can I claim the home office deduction for two or more businesses? by TurboTax     491 Updated Janua... See more...
Here is a post from TurboTax posted on Jan 16, 2026 confirming what I was trying to imply.   Can I claim the home office deduction for two or more businesses? by TurboTax     491 Updated January 12, 2026 8:20 AM   Yes, you can claim the same home office space if you have more than one Schedule C business, but you can't deduct the office expenses multiple times. You'll have to split this expense between the businesses so that you’re only claiming the total square footage space once on your return. If you work as an employee and for yourself, your home office can only support your self-employment and not your job as an employee in order to be deductible. Here are a few examples of how you might choose to divide the space among your businesses: Divide it based on time For example, if you use your entire office for each of your businesses, but use it for one business 60% of the time and another for 40% of the time, you could divide the square feet of the space 60/40. Divide it based on space For example, if you have two businesses and one office measuring 100 square feet, you could enter 50 square feet for each business. Divide it based on a combination of time and space For example, you might have special equipment for one business that uses 50% of your office space. You use the other 50% for both businesses, splitting your time equally. As a result, you would enter 75% of your home office square footage for your first business and 25% for your second business. Whatever method you choose, when you start entering home office expenses, enter the full amounts you paid during the time you used the space for either office. Do the same for your other office. It might seem like you're entering everything twice, but since you divided up the square footage earlier based on how you use it, all of the expenses for the total square footage will be accounted for on your tax return. TurboTax will calculate the correct expense amounts for each office, and the total expense amount will be correct on your tax return. If you have separate offices for each business, for example one in the house and the other in the garage, you'd enter the pertinent information (like square footage) for each office space when you enter the information for each business.
No it is not false, if you are claiming them as a dependent they cannot touch it bc it's your money, if your married or filing jointly with them then they can intercept your taxes. But you can fill o... See more...
No it is not false, if you are claiming them as a dependent they cannot touch it bc it's your money, if your married or filing jointly with them then they can intercept your taxes. But you can fill out a form called injured spouse and this will protect your portion of the return.   
I'm really struggling to understand numbers in my 2025 1099-B form. Let me first provide data: Supplemental 1099-B My main question: what is the total income (from selling) I will be r... See more...
I'm really struggling to understand numbers in my 2025 1099-B form. Let me first provide data: Supplemental 1099-B My main question: what is the total income (from selling) I will be reporting to IRS and be taxed? 07/02/2025 is when everything was sold automatically due to my company being acquisitioned. As a result, the amount of money I got was around $20600. Where $26K/$27K comes from? Never had or received any interest or dividend. Never sold or invested myself. For example, sell date 01/21/2025 - definitely it's not me:     So I would really like to understand math as well as avoid incorrect taxes....  
Enter 2 forms - whether you actually have forms or not.     Where do I enter 1099-INT?   Enter the interest from one bank and then add a second form to enter the interest from the second bank or fina... See more...
Enter 2 forms - whether you actually have forms or not.     Where do I enter 1099-INT?   Enter the interest from one bank and then add a second form to enter the interest from the second bank or financial institution.       Go to 1099-INT interest income screen under under Wages & Income Select Yes on the screen Did you receive any investment income? then Continue.   If you see the screen Your investments & savings or Here's your 1099-INT info, select Add investments or Add another 1099-INT, then Continue.   On the next screen, select how you want to enter your Form 1099-INT: If you want to import your form, search for your brokerage or financial institution. Sign in to your online account and select Get my form. If you want to upload a copy of your form or manually enter the info, select Enter a different way, and follow the instructions to enter your 1099-INT.
@BB2019 @My processing date says the same I pray we all get great news this Friday with our DDD I am on path now as of Saturday. I love getting together with everyone on here it’s great to have a lon... See more...
@BB2019 @My processing date says the same I pray we all get great news this Friday with our DDD I am on path now as of Saturday. I love getting together with everyone on here it’s great to have a long distance family but yet  and still we are so close on this app🫶🏾💙💙
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of ... See more...
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF)   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.   Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript   For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf
@nortonkd @You are so right I love living in a small town with less crime that’s why the place that I am moving to is small and low crime and the house that o got is actually right in town across the... See more...
@nortonkd @You are so right I love living in a small town with less crime that’s why the place that I am moving to is small and low crime and the house that o got is actually right in town across the field from the police department lol but it’s a great small town schools are great also because u had to check that out for my baby. I also prayed about everything and asked God if it was for me to move to help me find a place in a great area and i actually went and looked at the house before I was even offered the position because that’s how much faith I had in God🙌🏾.I pray we all get our DDD this Friday and get our money soon🙏🏾🙏🏾🙏🏾
Reject Code FNRPY- 1645
Q. Am I allowed to claim her as a dependent child for the last time, even though my support was minimal?  A. Yes, probably.  You may have to run the support calculation.   There are two types o... See more...
Q. Am I allowed to claim her as a dependent child for the last time, even though my support was minimal?  A. Yes, probably.  You may have to run the support calculation.   There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test. The support test is different for each type. The support test, for a QC, is only that the child didn't provide more than half his own support. The support test for a Qualifying Relative is that the taxpayer provided more than half the relative's support.   A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if: He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled He did not provide more than 1/2 his own support. Scholarships, including most stipends, are excluded from the support calculation He lived with the parent (including temporary absences such as away at school) for more than half the year. The time at school is counted as living with you   So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on himself. The support value of the home, provided by the parent, is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf
Because there is no tax withholding on the From 1099-R, the details of your entry are not included in your filed tax return and this will be transparent to the IRS.  This means that you could change ... See more...
Because there is no tax withholding on the From 1099-R, the details of your entry are not included in your filed tax return and this will be transparent to the IRS.  This means that you could change the code to T when entering this form in TurboTax.  Otherwise, this situation can only be handled in forms mode of the desktop version of TurboTax where it's necessary to mark the box labeled If box 7 code is J or T, check if qualified distribution.  Step-by-step mode does not provide a way to mark this box.   No matter what method you use to cause TurboTax to treat the distribution as a qualified distribution, you'll also likely need to include with your filed tax return an explanation statement and documentation (generally a letter from a physician) supporting your claim of disability.   You can try to get Vanguard to change the code to T, but most financial institutions will decline to determine your disability status and will not change the code from code J.
Correction: The green circle doesn't fill in on Federal. 
OK. Thanks so much for letting me know. Appreciate the info.