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a month ago
1 Cheer
The detail for that would be on the Tax and Interest Deduction Worksheet. If you are working online with the program, you will only be able to see that when you have paid for your program. On the des...
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The detail for that would be on the Tax and Interest Deduction Worksheet. If you are working online with the program, you will only be able to see that when you have paid for your program. On the desktop version of TurboTax you can use the Forms menu option to bring up that form.
a month ago
This is due to the State and Local Tax (SALT) deduction limit , the One Big Beautiful Bill (OBBBA), increased the limit for 2025 for federal returns but some states did not increase the limit. This ...
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This is due to the State and Local Tax (SALT) deduction limit , the One Big Beautiful Bill (OBBBA), increased the limit for 2025 for federal returns but some states did not increase the limit. This is why the amount in your state return is $10,000. SALT Deduction Explained: Limits, Eligibility, and Tax Planning Tips @ND207
a month ago
2 Cheers
The same just happened to me. I just completed my taxes using the desktop version, and all of a sudden the tax file is gone. I did a file search on the whole disk, no luck. I tried a system restore, ...
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The same just happened to me. I just completed my taxes using the desktop version, and all of a sudden the tax file is gone. I did a file search on the whole disk, no luck. I tried a system restore, which didn't work. I used a recovery program looking for deleted files with no luck. I did a chkdsk which found no errors. I looked at the Windows logs but nothing showed errors about that time.
a month ago
If your SMLLC is chartered in Texas and all business was transacted in Texas, you shouldn't need to file Form CD401 in North Carolina. As a remote employee, you may owe North Carolina state taxes on ...
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If your SMLLC is chartered in Texas and all business was transacted in Texas, you shouldn't need to file Form CD401 in North Carolina. As a remote employee, you may owe North Carolina state taxes on your W-2 income for the period that you lived in NC. But as long as your company didn't earn income in NC, it shouldn't need to pay franchise tax in that state.
Per the North Carolina Department of Revenue Who Should File, "...all active and inactive domestic corporations, and all foreign corporations with a Certificate of Authority to do business, or which are in fact doing business in this state, are subject to the annual franchise tax levied under G.S. 105-122."
a month ago
Thank you for the response. I did take a regular distribution of the $280 a few days ago. Will just be paying that extra $17 but be clear for 2026. I’ll be paying close attention to limits as we g...
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Thank you for the response. I did take a regular distribution of the $280 a few days ago. Will just be paying that extra $17 but be clear for 2026. I’ll be paying close attention to limits as we go. If it hadn’t been in the phase out range it wouldn’t have been such an issue. Just something to be mindful of. Fortunately, it was only $280 short. $17 for 2 years isn’t a big deal especially as I had a very good year in the market. Still, it’s nice to avoid amending a return or any penalties. So I’ll just be more careful at year end.
a month ago
No, if you originally filed a Married Filing Separately (MFS) return, and the amended return is filed with the same status, your wife does not need to sign the 1040-X.
In addition:
The si...
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No, if you originally filed a Married Filing Separately (MFS) return, and the amended return is filed with the same status, your wife does not need to sign the 1040-X.
In addition:
The signature block on the 1040X states "Spouse's signature: If a joint return , Both must sign,"
This is clearly not a joint return.
@chungcw3
a month ago
Thank you so much, Bill. This was not at all apparent, as you said. So it seems I now have two problems: I still haven’t eliminated the excess contribution. I had the HSA custodian produce ...
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Thank you so much, Bill. This was not at all apparent, as you said. So it seems I now have two problems: I still haven’t eliminated the excess contribution. I had the HSA custodian produce an inaccurate 1099-SA. Hopefully I can contact the custodian and ask them to reclassify the distribution as a normal distribution?
a month ago
Is there no delete option for putting a state on line 14 even though I put Colorado by mistake on 1099-DIV form?
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a month ago
I believe this info is outdated. I followed these instructions and the IRS is using a new chatbot that seems to prevent me from talking to a human. It would be helpful for TurboTax to investigate a...
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I believe this info is outdated. I followed these instructions and the IRS is using a new chatbot that seems to prevent me from talking to a human. It would be helpful for TurboTax to investigate and update instructions
a month ago
after about 4 hrs on phone and 2 different days of calling back, it was resolved. (Needless to say the waiting time was over 45 minutes to just get to talk to anyone!) the Truth is, this is a nightm...
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after about 4 hrs on phone and 2 different days of calling back, it was resolved. (Needless to say the waiting time was over 45 minutes to just get to talk to anyone!) the Truth is, this is a nightmare and no way it was setup thas way with any good faith in mind. that in itself is a no use ever again.
a month ago
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a month ago
Unless you know of a reason for the distribution to not be taxable, you would enter the full distribution amount as taxable. One reason it may not be taxable in the US is because you are a Canadian c...
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Unless you know of a reason for the distribution to not be taxable, you would enter the full distribution amount as taxable. One reason it may not be taxable in the US is because you are a Canadian citizen and as such you report the income as being taxable in Canada. It cannot be taxed in both countries as a result of a treaty.
a month ago
I bought a new computer and need to load 2024 Turbo tax on it. The old computer is wiped clean. How do I reactivate for new computer? There is no phone or chat available.
a month ago
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a month ago
Hi @baldietax thanks for your quick reply. I don't have 8606 form for last year and this year. Also it seems i missed to show this 2000$ contribution in 2024 ITR return as it was not part of 1099-...
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Hi @baldietax thanks for your quick reply. I don't have 8606 form for last year and this year. Also it seems i missed to show this 2000$ contribution in 2024 ITR return as it was not part of 1099-R 2024 form. May i know what should be recommeded steps now?
a month ago
Does Expert Assist cover 1099-NEC form?
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a month ago
RMD was 18,344.23 and that was the distribution
Topics:
a month ago
To enter estimated tax paid in 2025
Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates
a month ago
Thank you.
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