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February 25, 2026
2:52 PM
what can i do about my retirement income from the air force and lockheed martin?
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February 25, 2026
2:52 PM
Check after update on February 27.
February 25, 2026
2:52 PM
My understanding is that it is taxed federally, but not by NY
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February 25, 2026
2:52 PM
How can you do this with the online version: here is what help desk said for desktop version: “If you have an underpayment penalty on your Virginia State tax return, you can access Form 760C usi...
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How can you do this with the online version: here is what help desk said for desktop version: “If you have an underpayment penalty on your Virginia State tax return, you can access Form 760C using Forms Mode in any version of TurboTax for Desktop. Open your return and click the Forms icon in the TurboTax header. In the list of Forms in My Return on the left, scroll down to Virginia Individual and look for Form 760C. Click the form name to open it in the large window. Check the box under the form title to allow the VA Dept of Taxation to figure your tax. Click Step-by-Step in the header to return to the main screens. ” any solution like this for online?
February 25, 2026
2:51 PM
At the end tax was popped and can't fixed what this? - You can't file just yet. This may mean a better tax outcome for taxpayers like you who have 2024 Qualified Disaster Distributions. We can keep ...
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At the end tax was popped and can't fixed what this? - You can't file just yet. This may mean a better tax outcome for taxpayers like you who have 2024 Qualified Disaster Distributions. We can keep working on your tax return and we'll let you know when we can help you finish up your taxes. Thank for help!
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February 25, 2026
2:51 PM
No. You may receive Form 1098-E if you pay student loan interest, but that is an informational only document and does not need to be filed with your tax return.
February 25, 2026
2:50 PM
If you co-signed the student loan when your child was your dependent you can deduct the interest you paid for the student loan on your own tax return. Beyond that, there is nothing for you to enter...
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If you co-signed the student loan when your child was your dependent you can deduct the interest you paid for the student loan on your own tax return. Beyond that, there is nothing for you to enter on a tax return about the loan.
February 25, 2026
2:50 PM
No, this screen is for non-deductible contributions to traditional IRAs. By doing the backdoor Roth you have zeroed out your contributions to traditional IRAs so the answer here should be zero.
February 25, 2026
2:50 PM
anynoe encounter this issue?
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February 25, 2026
2:49 PM
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February 25, 2026
2:49 PM
I am getting DO NO FILE printed on my vouchers for 2026. Why?
February 25, 2026
2:49 PM
1 Cheer
You might want to consider the desktop version of TurboTax - you can prepare as many returns as you need to with it. It may be a better option if you have multiple family members who need returns. ...
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You might want to consider the desktop version of TurboTax - you can prepare as many returns as you need to with it. It may be a better option if you have multiple family members who need returns.
February 25, 2026
2:49 PM
Is there an option for personal trainers receiving 1099-NEC to use expenses for gym clothes/shoes for tax deductions? Or since that type of clothes can be used outside of gym/work as regular clothe...
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Is there an option for personal trainers receiving 1099-NEC to use expenses for gym clothes/shoes for tax deductions? Or since that type of clothes can be used outside of gym/work as regular clothes, it is not considered an uniform for tax purposes and expenses can not be deducted?
February 25, 2026
2:47 PM
If I pay off my child's student loan in full, do I have to file any tax form in any of the below scenarios: -the child pays back little by little over the lifetime -I didnt want the child to pay back
February 25, 2026
2:47 PM
I have tried it all and it still is not working. Any more suggestions?
February 25, 2026
2:47 PM
To enter, edit or delete a form 1099-R -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I ...
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To enter, edit or delete a form 1099-R -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
Online editions -
On the screen Did you get a 1099-R in 2025? Click on Yes On the screen Save time and connect your financial accounts Click on Connect
On the screen Let's find your account, select or enter the name of your financial institution
February 25, 2026
2:46 PM
The difference between Line 3d (Gross income) and Line 1a (Adjusted gross income) is a common source of confusion with the Foreign Tax Credit, but this is how the IRS designed it. Here’s what’s happe...
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The difference between Line 3d (Gross income) and Line 1a (Adjusted gross income) is a common source of confusion with the Foreign Tax Credit, but this is how the IRS designed it. Here’s what’s happening:
Line 1a is lower than Line 3d because your foreign dividends were “Qualified.” In the US, qualified dividends are taxed at a lower rate (usually 15%). Since the IRS gives you a break on taxes for those dividends, they also require you to reduce the income you report on Form 1116.
TurboTax uses the IRS Qualified Dividend Tax Worksheet to calculate a multiplier. For the 2025 tax year, the common multipliers are:
15% Tax Bracket: You multiply your foreign qualified dividends by 0.4054.
20% Tax Bracket: You multiply by 0.5405.
Example: If you had $500 in foreign dividends and all were qualified (15% bracket):
Line 3d would show $500.00.
Line 1a would show $203 ($500 X 0.4054).
You can skip this shrinking of your income (and keep Line 1a and 3d the same) if you meet both of these requirements:
Your total foreign qualified dividends (plus any foreign capital gains) are less than $20,000.
You are below the income threshold for the year (for 2025, this is typically $250,000 for Married Filing Jointly or $125,000 for Single/MFS).
February 25, 2026
2:46 PM
Did you already e-file? If you did NOT e-file you can go to the FILE section step 2 to enter/change how you want to receive your refund. If you want direct deposit you need the routing number and ...
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Did you already e-file? If you did NOT e-file you can go to the FILE section step 2 to enter/change how you want to receive your refund. If you want direct deposit you need the routing number and your own account number.
If you e-filed:
Banking information for direct deposit is wrong or closed
If you entered incorrect banking information for your refund, you can change it if your return is rejected. If it is accepted, however, it is too late to change it. The bank will reject the refund and send it back to the IRS.
https://www.taxpayeradvocate.irs.gov/news/tax-tips/direct-deposit-changes-for-2026-could-affect-how-and-when-you-get-your-refund/2026/01/
You may get this notice— a cp53a notice
https://www.irs.gov/individuals/understanding-your-cp53a-notice
If you take NO action—-the IRS will freeze your refund for at least six weeks and then mail you a check.
If your refund is sent back to the IRS—- make certain that the address you entered on your Form 1040 is correct. And…open all mail, even if it looks like junk mail.
And……if you choose “refund processing” or the “5 day early” offer, those involve a third party bank; sadly, you will have a lot of additional aggravation in tracking down your refund and getting a check.
February 25, 2026
2:45 PM
The insurance payment is not taxable unless it exceeds the value of the stolen property. Unless you or your son received a Form 1099 from the insurance company for the amount received, you don't nee...
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The insurance payment is not taxable unless it exceeds the value of the stolen property. Unless you or your son received a Form 1099 from the insurance company for the amount received, you don't need to report the insurance proceeds on your state or federal tax returns.
February 25, 2026
2:45 PM
Thank you for looking at it. Maybe I am just confused by the AOTC. The last 3 years we have received a refund of $2500 having the one child in college. I thought having 3 would give us a $7500 refund...
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Thank you for looking at it. Maybe I am just confused by the AOTC. The last 3 years we have received a refund of $2500 having the one child in college. I thought having 3 would give us a $7500 refund since they meet all the eligibility and financial factors The child I added last was the one on the top (you probably know this just want to confirm since you can't see the names). When I take her off it is now reducing the refund by $1000 (whereas before it was $1526). By taking her off it also raises the refund for my other two (daughter #1 from $2083 to 2470 and daughter #2 from $2109 to $2500. For daughter #1 we paid a little less than $4000 for tuition, so I expected hers to be a little less than $2500. why would adding a third child reduce the refund for the other 2? So, I guess my question at this point is what are all the variables causing the fluctuations in refund amount? If we make less than the cap, why can't we receive the full $2500 per child? I guess I also don't quite grasp the concept of the refundable and nonrefundable part of the credit either. Thank you! I really appreciate you taking the time to help me on this matter.
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