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a month ago
It depends. TurboTax Online saves your work as you go. TurboTax Desktop asks you when you are exiting the program if you want to save the file you are working on.
See this help article for more...
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It depends. TurboTax Online saves your work as you go. TurboTax Desktop asks you when you are exiting the program if you want to save the file you are working on.
See this help article for more information.
@wkearns28
a month ago
It depends. If you are referring to your Illinois (IL) amended return you can use the information below.
Step 11: A - Select the checkbox beside 'Federal change accepted on and enter the date of...
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It depends. If you are referring to your Illinois (IL) amended return you can use the information below.
Step 11: A - Select the checkbox beside 'Federal change accepted on and enter the date of IRS acceptance;
Step 11: C - Select 'Yes' and attach a copy of the federal amendment
Step 11: D - Explain the reason for the amendment (same as federal)
You can check the status of your federal amended return by using the link below:
Where's my Amended Return?
@chungcw3
a month ago
Has the return already been filed and processed by the IRS? Or are you and your spouse still in the midst of preparing the return(s)? If you already filed MFS, you have to wait until the IRS has...
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Has the return already been filed and processed by the IRS? Or are you and your spouse still in the midst of preparing the return(s)? If you already filed MFS, you have to wait until the IRS has fully processed the return and then amend.
If you have not filed yet---
When you enter the primary spouse’s information in My Info, you have to answer the question "Were you married?" If you click the button for Married, then a drop down will appear that asks, "Do you want to file this return together with your spouse?" Then you choose YES to file a joint return. You enter your spouse's information into My Info. Whenever you are entering income information there should then be a spot for you and for your spouse's income information. WATCH for the names as you enter income on the screens. Or when you click to add income it will prompt you to choose which spouse had the income.
When you prepare a joint return you include all the information for both spouses on the SAME tax return. Include all of your personal information, all of your income from every source, all dependents (if any), all credits and deductions for both of you. You get ONE refund with both names on it.
And…keep a record of how to access the “old” account for your spouse in case a need comes up to print it or find information from it. TT will save it online for seven years,
a month ago
If this is a workers' compensation payment, it is 100% nontaxable at the federal and state level, and you should not have received a 1099 for this as "income". Is the amount in box 6? If so, that's a...
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If this is a workers' compensation payment, it is 100% nontaxable at the federal and state level, and you should not have received a 1099 for this as "income". Is the amount in box 6? If so, that's a good sign you shouldn't have received this at all. If this is workers' comp, you may need to file an extension of your tax return, and then contact your state workers' comp office to get this worked out: ask them to send a corrected 1099-MISC with 0.00 income.
Reminder - filing an extension of your tax return, does not extend the deadline for payment. If you extend, you can get more months to send in your tax return forms without penalty, but you should make any tax payment you anticipate before the deadline in April.
a month ago
I have tried everything to no avail. I cannot complete my amend as there is still no continue button. Ive cancelled it Deleted the 1040 X Tried Mac/Wibdows Cleared cache, tried incognto. Zoome...
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I have tried everything to no avail. I cannot complete my amend as there is still no continue button. Ive cancelled it Deleted the 1040 X Tried Mac/Wibdows Cleared cache, tried incognto. Zoomed way out in the browser to find possible offscreen buttons. This is costing me a lot of time. I need someone to look at my account, there is a bug here.Been trying for 2 weeks! James Pendleton
a month ago
When using the TurboTax online editions the information is saved as it is entered.
a month ago
I have 1702 Net Investment Income Tax should be 1702 * 0.038 = 64.6 = rounded to 65 but I get 58 Explanation from your AI: The correct amount subject to the 3.8% tax is $1,702, which ma...
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I have 1702 Net Investment Income Tax should be 1702 * 0.038 = 64.6 = rounded to 65 but I get 58 Explanation from your AI: The correct amount subject to the 3.8% tax is $1,702, which matches your taxable interest income. The tax software calculated $58 as the Net Investment Income Tax, which is slightly less than 3.8% of $1,702, likely due to rounding or other minor adjustments.
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a month ago
FYI... This solution got me past 'Federal Review'.
a month ago
I just checked my tax filings for 2023 & 2024. 2023 seems fine. For 2024, I didn't do the 2024 conversion right. How should form 8606 be filled? For question 3, do I answer No and skip the rest o...
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I just checked my tax filings for 2023 & 2024. 2023 seems fine. For 2024, I didn't do the 2024 conversion right. How should form 8606 be filled? For question 3, do I answer No and skip the rest of Part 1, or Yes and continue? Below is a screenshot of my 2024 filing. The taxable amount on my 2024 Form 1040 box 4b was $7200 (2023 contribution of $6500 and $700 that was already in the account) instead of $700. How do I fix this? Looks like I need to file an amendment for both form 1040 + 8606 for 2024. Does this mean I got over taxed in 2024 and would I automatically get a refund when I file the amendments? Anything else I should do and consider? Many thanks again.
a month ago
as married couple we would like to change our filing from single filers to joint filers
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a month ago
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a month ago
how do i get may $80 back
a month ago
This is the workaround that I ended up using.
a month ago
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a month ago
I tried the phone # given by Turbo agent to connect with a live person at the IRS.gov but can only get the automated voice. I need to talk with a agent about my refund.
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a month ago
Yes, the January 2025 Eaton Fire in Los Angeles County is a major declared federal disaster. Declaration (DR-4856) on January 8, 2025.
a month ago
Hello, I traded options (calls and puts) last year and Fidelity reported some of them on 1099-B as negative Proceed and zero Cost Basis. No wash sales or other adjustment code. When I auto-im...
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Hello, I traded options (calls and puts) last year and Fidelity reported some of them on 1099-B as negative Proceed and zero Cost Basis. No wash sales or other adjustment code. When I auto-imported from Fidelity into TurboTax (using Premier Desktop), it separated those negative proceed and listed them individually on 8949 (without any adjustment code) while other more regular transactions (positive proceed and positive cost basis) were combined/summarized on 1a Schedule D, which is what I typically do previous years. As a test, I removed the auto-import from Fidelity and try manually. I tried entering a summary/total number (combined short-term covered transactions, i.e. "Box A checked") with negative Proceed, TurboTax automatically added it into form 8949 with the BrokerName and "See attached statement" (meaning I have to mail physical copy of Fidelity 1099-B after e-filing) instead of using Line 1a Schedule D. However, if I entered a positive total/summary number (as a test, using Form mode), TurboTax transferred that number into Line 1a of Schedule D, as expected. The worksheet says "BYPASS8949" My question is why when it's a negative proceed, TurboTax automatically uses form 8949 (it either listed individual transactions even without any adjustment/code or if summary says "See attached statement"). Why can't I enter a negative proceed in the summary (Line 1a Schedule D)? Maybe something I'm missing. Anyone knows? Thanks
a month ago
Hi, My husband receive a 1099-misc when he broke his leg at work. Turbo Tax keeps asking me for the reason. Do I just put broken leg? I don't know how to answer it as none of their options apply. ...
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Hi, My husband receive a 1099-misc when he broke his leg at work. Turbo Tax keeps asking me for the reason. Do I just put broken leg? I don't know how to answer it as none of their options apply. Any help anyone could give me would be greatly appreciated. Thank you for your time.
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a month ago
is Eaton fire a major declared federal qualified disaster ?
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a month ago
1 Cheer
My brokerage firm has researched this issue and have identified it as a TT issue. I also consulted with a tax accountant that feels 2b is important in the tax calculation and 9a should be whatever is...
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My brokerage firm has researched this issue and have identified it as a TT issue. I also consulted with a tax accountant that feels 2b is important in the tax calculation and 9a should be whatever is on the 1099R, not creating an error since it is not used in the tax calculation. However, an override is not allowed on this field in order to allow me to enter the 1099R as received from the brokerage firm. I cannot remove the error or file the return with the error.