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a month ago
Duplicate....stay over here: Federal carryover error
a month ago
How do you do the manual entry for office expense? and health insurance premiums?
a month ago
Is it too high? Medical can come from other places, even from a W2 or 1099R. Did you buy health insurance from the Marketplace exchange? Or have to pay back the subsidy? If you went to an exc...
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Is it too high? Medical can come from other places, even from a W2 or 1099R. Did you buy health insurance from the Marketplace exchange? Or have to pay back the subsidy? If you went to an exchange for Health Insurance, and had to pay back some of the subsidy, part of the adjustment will flow to Schedule A. If you get Social Security benefits the medicare deduction on your SSA-1099 will flow to Schedule A. Or have Schedule C and pay self employed health ins? Or are you seeing the amount listed for the 7.5% of AGI?
a month ago
I hope this gets fixed soon. In California, this is a taxable event. So the form cannot be deleted to work around the lack of support in TurboTax.
a month ago
@lawrencekroll There are a bunch of lines & boxes....all with an "a" column. See if you figure out how to post a picture....or try to describe exactly which section you of ath worksheet tha...
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@lawrencekroll There are a bunch of lines & boxes....all with an "a" column. See if you figure out how to post a picture....or try to describe exactly which section you of ath worksheet that youa re trying to correct. ________________________________________
a month ago
I am going through the same thing right now. Curious if you have heard anything?
a month ago
looks fine to me, also on Premier on Mac. make sure you have latest forms updates on Turbotax menu / Check for Updates or hold down Option and run Download Latest Updates.
a month ago
Income from an S corporation is exempt from self-employment tax for all shareholders, so no additional entry is needed to designate it as such. An S corporation shareholder would issue a W-2 form to ...
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Income from an S corporation is exempt from self-employment tax for all shareholders, so no additional entry is needed to designate it as such. An S corporation shareholder would issue a W-2 form to report wages from the corporation if he or she received compensation from it. It would be appropriate for you to issue yourself a W-2 form to report compensation you receive from the S corporation.
a month ago
Edit IT-40 form
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a month ago
2024 was on windows desktop
a month ago
If it is a single member LLC, you can file the business taxes on Schedule C with your personal taxes. Where do I enter Schedule C? If it is a multi-member LLC, you cannot use Home & Business. ...
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If it is a single member LLC, you can file the business taxes on Schedule C with your personal taxes. Where do I enter Schedule C? If it is a multi-member LLC, you cannot use Home & Business. Once you add your self-employment income and expenses in TurboTax, we'll generate a Schedule C. Here's how to add your self-employment income: Navigate to the Schedule C section: TurboTax Online/Mobile: Go to the Schedule C screen under Wages & Income TurboTax Desktop: Go to Federal Taxes >>>I'll choose what I work on >>> Business Income and Expenses
a month ago
Comme indiqué sur notre site Internet, avec TurboImpôt Enligne vous payé par déclaration, à moins de vous procurer un code prépayé incluant 8 déclarations, produit exclusif en magasin et plus avantag...
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Comme indiqué sur notre site Internet, avec TurboImpôt Enligne vous payé par déclaration, à moins de vous procurer un code prépayé incluant 8 déclarations, produit exclusif en magasin et plus avantageux. Une déclaration incluant des frais médicaux passent automatiquement sous la version Deluxe. TurboImpôt Enligne Gratuit est offert seulement pour des déclarations de revenu simples. Voici des captures d'écran en provenance de notre site Internet, qui explique ce qui est couvert et non-couvert dans la version gratuite. Merci de choisir TurboImpôt.
a month ago
As indicated earlier, only one person is eligible to claim the child. And only one is eligible for Head of Household filing status.
In the case of the child living with both parents the IRS will us...
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As indicated earlier, only one person is eligible to claim the child. And only one is eligible for Head of Household filing status.
In the case of the child living with both parents the IRS will use Tie-Breaker Rules.
IRS tie-breaker rules (IRS Publication 501) determine which parent claims a child when both parents (or others) claim the same qualifying child. The child is treated as the qualifying child of the parent with whom they lived the longest during the year, or if equal, the parent with the highest adjusted gross income (AGI), note
Head of Household filing status applies to only one person and, in this situation, must claim the child on their tax return. They both live in the same house with the child so it needs to be a decision who claims the child or the IRS will make the decision if they both claim the child and it will be your son.
Guide to Filing Taxes as Head of Household
In this situation there is no required waiver since all three live together in the same house. A simple decision about who will claim the child. If it's the mother, then no one can use the Head of Household filing status, each will use Single.
a month ago
What kind of LLC? Are you a SMLLC? Home & Business is for SMLLC that file on personal 1040 Schedule C like self employment. Otherwise you might need Turbo Tax Business. Turbo Tax Business is ...
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What kind of LLC? Are you a SMLLC? Home & Business is for SMLLC that file on personal 1040 Schedule C like self employment. Otherwise you might need Turbo Tax Business. Turbo Tax Business is a separate program from Home & Business. TT Business is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns. Not for self employed independent contractors. Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time. You can buy the Window's Business DIY program here….. TurboTax® Business Desktop 2023-2024 | Tax Software Download
a month ago
Why do my medical expenses seem wrong?
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a month ago
Whether or not you can file for free with TurboTax when you have a Form 1099-R depends on the code in Box 7. If your 1099-R is for the surrender of an insurance contact (policy) with code D (among o...
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Whether or not you can file for free with TurboTax when you have a Form 1099-R depends on the code in Box 7. If your 1099-R is for the surrender of an insurance contact (policy) with code D (among others) in box 7, it is not considered a "Simple" tax return and is not supported by the Free Edition. In this case you will have to upgrade and pay to file.
a month ago
If the vehicle was used in your Schedule C business, the information about the vehicle in TurboTax Online is all included in the Vehicle Expense section of Schedule C rather than in the Assets sectio...
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If the vehicle was used in your Schedule C business, the information about the vehicle in TurboTax Online is all included in the Vehicle Expense section of Schedule C rather than in the Assets section, which is for other items such as furniture and equipment. This can facilitate comparing actual costs to mileage.
See this TurboTax tips article for more information about reporting self-employment deductions.
@bakaribrooks
a month ago
when i sign into turbo tax is does not show my 2024 tax returns to import my info to the 2025 tax return. it showed up a few weeks ago. it tried today and did not show up?
a month ago
I always filed my taxes with a preparer and am doing it myself for the first time this year. I had carry over foreign tax credits from 2017-2020 for a total of 6 dollars between all the years. For...
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I always filed my taxes with a preparer and am doing it myself for the first time this year. I had carry over foreign tax credits from 2017-2020 for a total of 6 dollars between all the years. For this year I have 16 dollars worth of foreign taxes on passive income (1099) and nothing else. Do I need to fill out form 1116 or can I forefeit the small amount and take the simplified credit of 16 dollars for the current year and avoid the 1116 form?
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