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I sold my company to the company I work for now, for equity. I have a 6% stake in the company now and receive a K-1. This year the company posted a lost. When trying to file my taxes, at the K-1 scr... See more...
I sold my company to the company I work for now, for equity. I have a 6% stake in the company now and receive a K-1. This year the company posted a lost. When trying to file my taxes, at the K-1 screen (I have an S corp Form 1120S), it has checked by default the statement "All of my investment in this activity is at risk."   I read a bit on this and don't completely understand how to answer it. I think I am at risk, because the equity I received in trade the acquisition of my company would be lost if the company went under. Is that what it's asking? I don't have any other money invested in the company, nor any loans on the companies behalf.
In the investments section, select to import, choose your broker, enter your credentials and import usually happens.  Most people can import; but, if you are having trouble, see What if I can't impo... See more...
In the investments section, select to import, choose your broker, enter your credentials and import usually happens.  Most people can import; but, if you are having trouble, see What if I can't import my 1099?    You may have a broker or information on your forms that prevent importing. Please see When will I be able to import my 1099?   If you do need to type it in: Open to  federal income Locate Other Common Income Select 1099-MISC Select  type it in myself and enter the information on the form. 
Eligibility to split your pension income with your spouse depends on some key factors, like your province, age, income, and claimed credits and deductions. TurboTax will split your pension income onl... See more...
Eligibility to split your pension income with your spouse depends on some key factors, like your province, age, income, and claimed credits and deductions. TurboTax will split your pension income only if the conditions listed here are met.   Follow the step-by-step instructions from the TurboTax article below: How do I split my pension income using TurboTax?   Thank you for choosing TurboTax.
But 48E(d)(3) and (4) simply specify that prevailing wage and apprenticeship requirements apply. 45(b)(6)(B)(i) contains the increased credit for small solar systems. An Intuit agent on this foru... See more...
But 48E(d)(3) and (4) simply specify that prevailing wage and apprenticeship requirements apply. 45(b)(6)(B)(i) contains the increased credit for small solar systems. An Intuit agent on this forum advised another user to select line 8(d) "N/A," which aligns with everything else I've found.
Assuming the interest you earned is from a personal loan (and that you don't have a 1099-INT form), you can enter this amount by following the directions below.   The program is optimized for "in... See more...
Assuming the interest you earned is from a personal loan (and that you don't have a 1099-INT form), you can enter this amount by following the directions below.   The program is optimized for "institutional" payers (banks, brokerages) and requires a Federal Employer Identification Number (FEIN) format.   However, you must now enter your private loan interest earned in a different section of the program.   Enter Your "Seller-Financed" Interest (Even if this wasn't a mortgage or a house sale): Open or continue your return. Search for "seller-financed interest received" (or just "seller-financed") in the Search box. Click on the "Jump to..." link. When asked if this is "Interest from Seller-Financed Loans," Select "Yes". Enter the family member's Name, Address, and SSN. Enter the total interest amount. By entering this information in this section: This method allows this money to flow correctly to Schedule B. It identifies it as interest from an individual.  It satisfies the IRS requirement to list the payer’s SSN (without causing an "Invalid FEIN" error). If the interest is over $1,500, the IRS technically requires that higher amounts be broken down on Schedule B.
Bonjour @guilbert-lyne1    Ça ne fait aucune différence. Vous pouvez sans aucun soucis démarrer la déclaration de votre mère à partir de votre compte TurboImpôt. En fait, ça vous évitera d'avoir à... See more...
Bonjour @guilbert-lyne1    Ça ne fait aucune différence. Vous pouvez sans aucun soucis démarrer la déclaration de votre mère à partir de votre compte TurboImpôt. En fait, ça vous évitera d'avoir à retenir deux comptes, deux mots de passe, etc. Plusieurs déclarations par compte   Si cette réponse répond bien à votre question, merci de l'identifier comme solution confirmée!
Each state return is different. Each state does have a line for taxes withheld and another line for estimated payments. If you reply with the state, we can give you exact line numbers.   State wi... See more...
Each state return is different. Each state does have a line for taxes withheld and another line for estimated payments. If you reply with the state, we can give you exact line numbers.   State withholdings should be on w2 and 1099 forms. Estimated tax paid can be entered in the program. Open to federal deductions and credits. Scroll to Estimates and Other Taxes Paid Enter your estimates
How to delete a form that is in your documents to file?
La case 441 représente le montant déjà reçu, tandis que la ligne 458 est le montant total du crédit auquel vous avez droit pour l'année. les deux montants ne seront pas identitques.     Me... See more...
La case 441 représente le montant déjà reçu, tandis que la ligne 458 est le montant total du crédit auquel vous avez droit pour l'année. les deux montants ne seront pas identitques.     Merci de choisir TurboImpôt
Code TT in Box 12 of your W-2  is used to report "Qualified Overtime Compensation."  This amount represents the "and-a-half" portion of your overtime pay which is now tax-free at the federal level (u... See more...
Code TT in Box 12 of your W-2  is used to report "Qualified Overtime Compensation."  This amount represents the "and-a-half" portion of your overtime pay which is now tax-free at the federal level (up to certain income limits) and qualifies for that deduction.   Do not enter the Box 12 "TT" line (in the W-2 entry screen). Continue through the "W-2 Interview": Finish entering all other boxes (1, 2, 16, etc.) and click Continue Proceed through the interview screens until the program asks, "Do any of these uncommon situations apply to this W-2?", and Select the box for Overtime pay. Enter the dollar amount that was printed next to Code TT on your W-2. This should cause the program to generate Schedule 1-A (the form used to calculate the overtime deduction and  making sure that the amount is subtracted from your taxable income on your 1040, even if the Box 12 dropdown was missing the "W" code).
It's good that you didn't click that - all it does is charge you an extra $40 for the convenience of having the $199 deducted from your refund rather than paying it by credit card (so $139 total).
See this for the verification code - https://ttlc.intuit.com/turbotax-support/en-us/help-article/security-risk/trouble-filing-verification-code/L6X76gZlE_US_en_US
still no one can tell me why I get the code?
Using the desktop editions - Click on File at the top left of the desktop program screen Click on Remove State Return
Bonjour @jaglara    La PNCP aura un impact seulement dans l'année où vous déclarerez des gains en capital qui donnent droit à une exemption (Actions de petite entreprise admissible, biens agricoles... See more...
Bonjour @jaglara    La PNCP aura un impact seulement dans l'année où vous déclarerez des gains en capital qui donnent droit à une exemption (Actions de petite entreprise admissible, biens agricoles ou de pêche admissible, etc). Elle est construite et s'accumule au cours des années en fonction des revenus et des dépenses de placement que vous déclarez.   Pour plus de détails, consultez: ARC: T936 Calcul de la PNCP  Revenu Québec: TP-726.6 Calcul de la PNCP    Si cette réponse répond bien à votre question, merci de l'identifier comme solution confirmée!
You can clear the entries by following these steps below.   Click the Forms icon at the bottom (or top) of your screen. In the list of forms on the left, search for "Donations" or "Donations Wo... See more...
You can clear the entries by following these steps below.   Click the Forms icon at the bottom (or top) of your screen. In the list of forms on the left, search for "Donations" or "Donations Worksheet." Once the worksheet is open, you can manually highlight the numbers in the "Carry Forward" columns and hit Delete on your keyboard. Ensure Schedule 9 (Donations and Gifts) reflects $0 or only the current year's amounts.   If the "Carry Forward" keeps reappearing, it’s likely because it was imported from your 2024 or 2025 return. TurboTax usually has a specific page labelled "Donations made in prior years" or "Carry forward amounts." * Zero it out: If there isn't a delete button, simply change the dollar amount to 0. The software will stop applying it to your current balance.   Just a heads up—if those donations are legitimate, carry-forwards are usually a "good" thing! They can be used for up to 5 years (or 10 years for certain types of gifts). If you clear them now, you won't be able to use that tax credit to lower your balance later.   Let me know how it goes!   Thank you for choosing TurboTax.
Hi,   It wasn't rented out, but we had it open to rent or sell for those 3 months.  The sale just happened to happen first.     The property transferred to the three of us and we each have a 1099... See more...
Hi,   It wasn't rented out, but we had it open to rent or sell for those 3 months.  The sale just happened to happen first.     The property transferred to the three of us and we each have a 1099-S for our portion.   Which way will lower our AGI or give us a deduction or credit?    Thanks! Lisa