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a month ago
What screen is used to enter estimated payments made in the current year?
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a month ago
why do i have an underpayment penalty
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a month ago
We can't make phone calls from this forum.
We do however resolve problems online.
Can you clarify your situation?
Do you have two 1099-Rs?
Is one labeled "corrected"?
Are the amoun...
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We can't make phone calls from this forum.
We do however resolve problems online.
Can you clarify your situation?
Do you have two 1099-Rs?
Is one labeled "corrected"?
Are the amounts in Box (1) the same on both?
Are the codes in box 7 the same?
Can you identify what is different?
However, you can establish a video conference with a representative.
There is an additional charge.
You can establish a video call by subscribing to TurboTax Live or Full Service.
In these sessions, you can see the TurboTax representative, but they cannot see you.
In addition, the representative can see your tax return.
You will do the navigation, and
You will make any changes to the return.
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a month ago
No one can see your screen or your tax return. We have no idea what you are trying to ask about.
a month ago
Yes. You should file an amended tax return if you omitted to report your tips to exclude them from your taxable income.
When amending, you can follow the instructions in this TurboTax Help arti...
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Yes. You should file an amended tax return if you omitted to report your tips to exclude them from your taxable income.
When amending, you can follow the instructions in this TurboTax Help article to enter your tips on your tax return.
If you are expecting a refund, we recommend that you wait to amend until after the IRS has processed your original return and you have received your refund.
To amend your tax return, please read this TurboTax article.
a month ago
Care to elaborate?
a month ago
Is this question is in reference to that issue?
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a month ago
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a month ago
In Michigan, private pension income is generally exempt from state income tax if you are age 67 or older. To deduct your private pension income in TurboTax Online, follow these steps: 1. Go to th...
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In Michigan, private pension income is generally exempt from state income tax if you are age 67 or older. To deduct your private pension income in TurboTax Online, follow these steps: 1. Go to the Federal section and then to Wages & Income. 2. Locate and select IRA, 401(k), Pension Plan Withdrawals (1099-R). 3. Enter your pension details as requested. 4. After entering federal pension info, navigate to the State section. 5. Look for the Michigan state's pension exclusion or subtraction item, often labeled as "Pension and Annuity Subtraction". 6. Enter the pension income amount eligible for deduction based on Michigan rules (typically your pension if over 67). TurboTax should then apply the Michigan pension exclusion and reduce your state taxable income accordingly.
a month ago
I originally put in an amount and realized 0 was the answer.
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a month ago
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a month ago
As an audio engineer i have multiple subscriptions annually related to the variety of software i need to do my job. What's the best way i can write those off since some of them are monthly or annual ...
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As an audio engineer i have multiple subscriptions annually related to the variety of software i need to do my job. What's the best way i can write those off since some of them are monthly or annual subs?
a month ago
@garyl888 if a CPA has been preparing your returns for prior years, none of that info will be in TurboTax. From the prior return you'll need to enter the info for each asset used in the rental.
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@garyl888 if a CPA has been preparing your returns for prior years, none of that info will be in TurboTax. From the prior return you'll need to enter the info for each asset used in the rental.
You also have to keep track of the depreciation taken, because the rental property will probably not transfer to the 2026 return when you do it in 2027. The depreciation you took is subject to special treatment if you ever dispose of the property
a month ago
Was it the At Risk box for Schedule C line 32? That’s a common one to get wrong. You can get back to the question about your business investment being at risk by going to the Schedule C and fin...
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Was it the At Risk box for Schedule C line 32? That’s a common one to get wrong. You can get back to the question about your business investment being at risk by going to the Schedule C and finding the Final Details > Special Situations section (if using TurboTax Home and Business) or the Uncommon Situations section (if using TurboTax Online). Within those sections, there will be a check-box to indicate 'I have money invested in this business that I'm not at risk of losing; that is, certain cash, property, or borrowed amounts that are protected from loss.' Uncheck that box if your investment in your business is not at risk. If you don't know what it means then probably All your Investment is at Risk (check Box 32a). Answer Yes. It means you are using your own money for the business.
a month ago
Please follow the instructions in this TurboTax Help article to access your previous years' returns.
a month ago
ese ingreso me afecta con mi form 1095-A
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a month ago
You need to go to the investment sales area in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... On the next screen you'll see...
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You need to go to the investment sales area in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... On the next screen you'll see a list of the investment sales you entered. Use the drop down arrow next to the one you want to see and you'll see the edit option necessary to makes changes. Once you click on the edit option, you will see the box 1(d) entry that you can change.
a month ago
Preparing a return in TurboTax Desktop 2024 for the first time, manually entering in a K - 1 from a real estate business with passive activity loss carryovers from 2023, AMT = Regular Tax. Where woul...
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Preparing a return in TurboTax Desktop 2024 for the first time, manually entering in a K - 1 from a real estate business with passive activity loss carryovers from 2023, AMT = Regular Tax. Where would this information be located?
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a month ago
Could you please clarify which of the two PIN numbers are you referring to?
There's two different types of PIN numbers.
If you're talking about the IP PIN (Identity-Theft PIN number), it'...
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Could you please clarify which of the two PIN numbers are you referring to?
There's two different types of PIN numbers.
If you're talking about the IP PIN (Identity-Theft PIN number), it's a 6-digit PIN given to you by the IRS each year to file electronically.
Here's how to enter the IP PIN.
In your TurboTax account,in the Home & Business section, click the Personal tab.
Click "Other Tax Situations.”
Scroll down to the section "Other Return Info."
Click the Start, Update, or Revisit button for "Identity protection PIN."
Then, enter your IRS IP PIN number and save.
The other one is the Signature PIN , which is a 5-Digit number used as a signature. When you are ready to file your return online, TurboTax will need you to provide and generate your own 5-digit PIN. These numbers are created and assigned by you.