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@unishalogan  t looks like the Form 1040X Amended Return became available today Feb. 27 according to the Forms Availability table.  IF it's correct.
It wont be ready until next week.   You can check this link to access the Forms Availability Tool to see if and when forms are available.   
I retired in September of 2023 when the company I worked for was sold.  The original owners had an 'earn out' period of ten years in which they were eligible for additional monies, not to exceed a ag... See more...
I retired in September of 2023 when the company I worked for was sold.  The original owners had an 'earn out' period of ten years in which they were eligible for additional monies, not to exceed a agreed upon amount  based on the ongoing success of the company.  The original owners agree to share a percentage of the 'earn-out' to key employees who helped the company grow to the extend the sale was possible. I was one of the key employees selected.  I received the first check in 2025 and a  corresponding 1099 NEC reflecting same in early 2026.    My question is, given I'm not an employee nor a contactor (I have not performed services for the company since retiring in 2023), how should the monies on the 1099 NEC be reported?
@plequerre  It looks like the Form 1040X Amended Return became available today Feb. 27 according to the Forms Availability table.  IF it's correct.
Next week.   You can check this link to access the Forms Availability Tool to see if and when forms are available.   
You should wait until your original return is process and your refund or payment has been completed. 
As a follow-up, here is a snapshot of Form 8606 showing the impact.  The calculation of the 2025 conversion ($6,600) as a % of the total IRA value is creating the issue.  How do I correct this so the... See more...
As a follow-up, here is a snapshot of Form 8606 showing the impact.  The calculation of the 2025 conversion ($6,600) as a % of the total IRA value is creating the issue.  How do I correct this so the impact is 0?    
@nakena-ks  It looks like the Form 1040X Amended Return became available today Feb. 27 according to the Forms Availability table.  IF it's correct.
You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow ... See more...
You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.   If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.   Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.    Sometimes—not always— the IRS corrects your mistakes, while they are processing your return.    If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.     Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed   The Form 1040X is scheduled to be available on March 4.  The date is subject to change, so check on 3-4 to see if it is ready.   Before that, do not change anything at all on your return.
I entered the 1099Rs as instructed and then when I did the audit on form 5329, it showed that my RMD doubled! How do I correct this? Thanks.
Cotiser à un REER consiste à déposer de l'argent dans un compte enregistré pour épargner en vue de la retraite, dans certains cas, les cotisations sont prises à la source à chacune de vos paies.   ... See more...
Cotiser à un REER consiste à déposer de l'argent dans un compte enregistré pour épargner en vue de la retraite, dans certains cas, les cotisations sont prises à la source à chacune de vos paies.   Un transfert REER consiste à déplacer des fonds d'un REER vers un autre, ou vers un FERR, RPA, CELIAPP, sans conséquence fiscale immédiate.   Merci de choisir TurboImpôt.
what do i [ut into the bank name section when affing cash app for my return
did you pay?  you can review the fees here   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US   and try to remove ... See more...
did you pay?  you can review the fees here   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US   and try to remove stuff   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/reduce-fees/L3Kp3yEYs_US_en_US   in particular avoid these refund processing gimmicks, Pay With My Refund costs an extra $40 and routes your refund thru a third party bank.
Yes, enter your 1099-misc as follows.   Delete that 1099-Misc and the Schedule C that was started, instructions are below.  Then re-enter it, making sure to answer the follow-up questions as follows:... See more...
Yes, enter your 1099-misc as follows.   Delete that 1099-Misc and the Schedule C that was started, instructions are below.  Then re-enter it, making sure to answer the follow-up questions as follows:   After you enter the reason for the 1099-Misc, mark None of the above on the next screen (uncommon situations). Answer Did the refund involve work that's like your main job?  NO Answer How often did you get this income?  You got it in 2025 only Answer Did the refund involve an intent to earn money?  NO   The income will be reported as Other Income on Line 8 of Form 1040 without generating a schedule C.      How to delete forms in TurboTax Online   How to delete forms in TurboTax Desktop
I'm trying to get a loan for a place to rent
It is not for clean vehicles, but rather, NEW autos.   The law lets you deduct up to $10,000 of interest paid on loans for new vehicles you bought between 2025 and 2028.  Go to the Deductions & Credi... See more...
It is not for clean vehicles, but rather, NEW autos.   The law lets you deduct up to $10,000 of interest paid on loans for new vehicles you bought between 2025 and 2028.  Go to the Deductions & Credits section, scroll down to Cars and Other Things you Own, and then select START next to Vehicle Loan Interest Deduction.     What is the vehicle loan interest deduction?
TP NYC Mew York City residency
Click the ONLINE menu at the top and select 'Send Tax File to Agent'.  This will create a scrubbed copy of your file that can be reviewed for the issue you are having.     You will receive a Toke... See more...
Click the ONLINE menu at the top and select 'Send Tax File to Agent'.  This will create a scrubbed copy of your file that can be reviewed for the issue you are having.     You will receive a Token Number that you can post here.     @user17722267598