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Are you saying since I added my wife in 2024 to be MFJ.  If I make an amendment to my 2024 to Head of Household, I can't include her in my 2025 tax returns as MFJ?  
Based on the information you provided you would not qualify because you only have one eligible child and you used $5,000 in a Dependent Care FSA . The $5,000 FSA amount must be subtracted from the $3... See more...
Based on the information you provided you would not qualify because you only have one eligible child and you used $5,000 in a Dependent Care FSA . The $5,000 FSA amount must be subtracted from the $3,000 maximum allowable expenses for one child.  This leaves $0 eligible expenses for the credit.
How do I remove incorrect information about foreign income from my turbo tax return?
Thanks. Yes the MAGI is over the limit.   Can he convert some of the IRAs from past years  to Roth IRAs or is this also limited by MAGI? 
Thanks for the advice, I wasn't trying to be dishonest, I was thinking of experimenting to see what TT would do with the deletion, through the review process, still trying to find where it is reporte... See more...
Thanks for the advice, I wasn't trying to be dishonest, I was thinking of experimenting to see what TT would do with the deletion, through the review process, still trying to find where it is reported. I couldn't see how to delete it from the form, however. I have since found a couple of 1099-MISC forms TT has found, that do not appear in the paperwork I received. I am working with a new institution; I obviously have more work to do before I can file!
Yes, and here is the flow on how to enter.   Go to Federal > Wages & Income > Interest and Dividends. Select 1099-DIV and either import your Vanguard data or enter it manually. Check the box tha... See more...
Yes, and here is the flow on how to enter.   Go to Federal > Wages & Income > Interest and Dividends. Select 1099-DIV and either import your Vanguard data or enter it manually. Check the box that says "My form has info in more than just these boxes" (usually at the bottom of the entry screen). Enter the amount from Box 7 (Foreign Tax Paid) exactly as it appears on your statement. After entry, there is a followup screen that appears that is labeled "Tell Us About Your Foreign Dividends" Then it asks for a Foreign Dividend Amount Here you would check your supplemental disclosure forms that came from your brokerage. In the disclosure, it will list the actual foreign dividend amount that was taken OR list a percentage of total ordinary dividends reported in Box 1A of the 1099 DIV. Here you will record the amount. If the disclosure is listed as a percentage, you will need to multiply the percentage by the amount listed in Box 1A of the 1099 DIV to record on the form.  
How do I file for a tax exemption as a new homeowner? Also, I do some consulting as a sole proprietor, and hoping to shift my contracts to my LLC. What are ways I can mitigate the amount of taxes owe... See more...
How do I file for a tax exemption as a new homeowner? Also, I do some consulting as a sole proprietor, and hoping to shift my contracts to my LLC. What are ways I can mitigate the amount of taxes owed.   Also, I'm a single woman without dependents and find tax season to be incredibly difficult. How do I ensure my employer is withholding enough from my paychecks so I'm not asked to pay such high amounts during tax time.
Unfortunately, once you have upgraded or added features to your TurboTax return, there is no way to downgrade or remove the extra features. You would need to create a new return to go back to the ori... See more...
Unfortunately, once you have upgraded or added features to your TurboTax return, there is no way to downgrade or remove the extra features. You would need to create a new return to go back to the original product.    To start a new return, select “Start a New Return” from under “My Returns” in the top left corner. Once you have started your new return, you can select “View All Returns” from under “My Accounts & Returns." Then delete the unwanted return by clicking the "small trash can" next to it or “Delete” under the return’s name.   Thank you for choosing TurboTax.
Would like to know how to track my Michigan return?
The checkbox on the 1040 and 1040-SR for your home being in the United States is specifically for the Earned Income Tax Credit.   The box can only be checked if you qualify for the Earned Inco... See more...
The checkbox on the 1040 and 1040-SR for your home being in the United States is specifically for the Earned Income Tax Credit.   The box can only be checked if you qualify for the Earned Income Credit. There are significant age, income and‌ child requirements. If the box is not checked, it will not affect your tax return. This is located in a strange place.  The IRS may change it, but it probably won't occur  this year.   See IRS guidance on The EIC related changes to the 1040         
You enter that as an investment sale in TurboTax as follows:   You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual ... See more...
You enter that as an investment sale in TurboTax as follows:   You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents if you want to enter the form manually. Choose Stock, Bonds, Mutual Funds as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis.  
What do you mean by "ue form"?   Unemployment?   Or something else?  What are you trying to do?
I received a 1099-R indicating the distribution and the taxes paid with a distribution code of "4" (Death). But I had my mom's advisor cash it out and withdraw taxes before transferring to me. This ... See more...
I received a 1099-R indicating the distribution and the taxes paid with a distribution code of "4" (Death). But I had my mom's advisor cash it out and withdraw taxes before transferring to me. This was completed before end of 2025. So I am wondering if the situation of "I inherited this IRA" does not apply.
Yes, you are correct.  You will just need to input your W2 information for this year if you did not sell the vested RSU shares.   It will be critical though to keep track of the amount of the inc... See more...
Yes, you are correct.  You will just need to input your W2 information for this year if you did not sell the vested RSU shares.   It will be critical though to keep track of the amount of the income that was taxed for the RSU shares, because that information will be needed at the time you do sell those shares.  This income will be needed to determine the basis of the shares to help ensure that you aren't taxed again on income you already paid taxes on.   If you received dividends for the unvested shares, these will also appear on the W-2 as well.  Once you own the shares, any dividends you receive will be reported on a Form 1099-DIV that will need to be reported on your tax return.   Here is more information about RSU Shares.
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