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My son's scholarships exceed his qualified expenses.  His 1099T box 1 is 14,270 and box 5 is 47,333.  Scholarship funds were used to pay tuition, room and board, study abroad travel, and other school... See more...
My son's scholarships exceed his qualified expenses.  His 1099T box 1 is 14,270 and box 5 is 47,333.  Scholarship funds were used to pay tuition, room and board, study abroad travel, and other school sponsored international travel, conference attendance, etc.  How can I enter this information to get the education credit (we understand he will pay an additional amount on his taxes by doing this.)  
Yes, here is the answer for you.   First you have to know how much of the exempt interest and dividends is the Ohio (OH) portion. The full amount is not likely to be fully exempt from either stat... See more...
Yes, here is the answer for you.   First you have to know how much of the exempt interest and dividends is the Ohio (OH) portion. The full amount is not likely to be fully exempt from either state. As a rule, there is a statement that provides the percentage of exemption for each state. Confirm this with the company who prepared the return.   If you find that the full amount of $710 is exempt from OH (and IL) then you can enter the net amount in the OH return. Double check your OH return before filing.   Note: If your OH return asks you check a box in reference to the Ohio IT K-1, which may prevent e-file, you can try to file without checking that box. It's a form you can keep in your tax file until and unless Ohio makes a request since it's not mandatory for every scenario. Attaching it can prevent the need for the Department of Taxation to request additional information. It's all right to keep it until then.   Preview allows for both federal and state returns if both have been completed: From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)  Select Tax Tools On the drop-down select Tools On the pop-up menu titled “Tools Center”, select View Tax Summary  On the left sidebar, select Preview my 1040  For TurboTax Desktop, change to 'Forms' and review the forms                      
If you took the federal deduction, it flows through to SC. If you took the federal credit, look for the "Subtractions from Income" section on your SC return to remove that $34,000 from your state tax... See more...
If you took the federal deduction, it flows through to SC. If you took the federal credit, look for the "Subtractions from Income" section on your SC return to remove that $34,000 from your state taxable total.
i received a bonus for referring someone a year after i no longer worked for the company-the sent a 1099 nec and the state of arkansas wont let me e file-they say it is 1099 misc-
The NYS special inflation relief payment is not taxable on your New York State tax return. However, it may be considered taxable income on your Federal return if you itemized deductions on your 2024 ... See more...
The NYS special inflation relief payment is not taxable on your New York State tax return. However, it may be considered taxable income on your Federal return if you itemized deductions on your 2024 federal return (rather than taking the standard deduction.
You don't have to report the purchase of a property on you tax return, and you don't declare a property your principal residence until you sell it.    This Canada Revenue Agency (CRA) page has mo... See more...
You don't have to report the purchase of a property on you tax return, and you don't declare a property your principal residence until you sell it.    This Canada Revenue Agency (CRA) page has more information on Principal residence: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/principal-residence-other-real-estate.html  
Do we have updates? I still see the wrong MAGI and SALT deduction in my account. 
I removed "tax preparation expenses" completely, and this item still shows the same. please advise what this means
I mistakenly identified in-Pennsylvania rental property as not-for-proof instead of for profit. The return was already submitted so I have to do an amendment but can not find in the amendment section... See more...
I mistakenly identified in-Pennsylvania rental property as not-for-proof instead of for profit. The return was already submitted so I have to do an amendment but can not find in the amendment section where to switch from not-for-proof to for proof in my PA-40 Schedule E. please help.  I'm using Turbo Tax online
if someone from TurboTax please advise where this line is coming from
On the screen that says Summary of Lost/damaged property or asset you will see when you edit your theft loss, choose the "+Add" option on that screen to enter your theft loss amount.
Toujours même problème à l’envoie a du Quebec avec Impôt net. 
It's more like a director/playwright collecting royalties vs producing. I called it solo producing so it wouldn't be confused with pro bono. The agreement was that the theatre paid the performers, pr... See more...
It's more like a director/playwright collecting royalties vs producing. I called it solo producing so it wouldn't be confused with pro bono. The agreement was that the theatre paid the performers, provided the space and tech people, and I provided the show, I directed, provided the costumes, the props, held auditions and cast the show. The current production, (April 2026), I'm just collecting royalties. The one coming up in June will be like the former one I just described. For IRS purposes, the classification is still the same 711510 : Independent Artists, Writers, and Performers. It is used on tax forms (like Schedule C) for self-employed, freelance individuals creating artistic works, performing, or providing technical expertise in arts and entertainment, including actors, authors, photographers, and musicians. From the sounds of it, I will just take my expenses as Schedule C and not deal with "Start up" etc... the LLC is pretty much ignored by the IRS as an entity anyway. Thanks for your insight. 
 Since you are using the online version, your answers must be corrected going through the screens again. You need to go back through your education summary. Edit the student and go through. Edit sc... See more...
 Since you are using the online version, your answers must be corrected going through the screens again. You need to go back through your education summary. Edit the student and go through. Edit school information and go through. You may need to change an answer in your personal info section as well, depending on what needs to be changed.
Is anybody getting the wrong country marked in their billing address on the confirm payment screen?
Are the OPRL box 14 amount the withholdings and/or contributions to the Oregon Paid Leave fund?  I made up a mock return using the box 14 amount of $1055 and category name of Oregon Paid Leave Withho... See more...
Are the OPRL box 14 amount the withholdings and/or contributions to the Oregon Paid Leave fund?  I made up a mock return using the box 14 amount of $1055 and category name of Oregon Paid Leave Withholding/Contributions and it had no effect on the Federal or Oregon refund/balance due amount.  Is the $300 more that you owe to Federal or Oregon?  And do you see that $300 increase after you enter the Box 14 amount?   If you'd like, I could take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:   TurboTax Online:   Sign into your online account. Locate the Tax Tools on the left-hand side of the screen. A drop-down will appear. Select Tools On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response.   TurboTax Desktop/Download Versions:   Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” * This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number  (including the dash) that was generated in the response.   *(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)  
Have not progressed to e-file yet. I thought the substitute form precluded e-filing (I.e. needed to be mailed)
Thank you so much! I was feeling lost over this. Dave
You are correct that the annual reporting requirement for a Qualified Opportunity Fund (QOF) investment—Form 8997 (Initial and Annual Statement of Qualified Opportunity Fund Investments) is not fully... See more...
You are correct that the annual reporting requirement for a Qualified Opportunity Fund (QOF) investment—Form 8997 (Initial and Annual Statement of Qualified Opportunity Fund Investments) is not fully supported by TurboTax, and you generally cannot e-file a return that includes it.    Even if you had no  taxable events, you must file Form 8997 annually to report the continued holding of your QOF investment.   You can:   Prepare your Federal Tax Return in TurboTax as usual, entering all of your other income and deductions. Then download and print your Form 8997 from IRS.gov. Fill out your Form 8997 Print and mail your entire return, attach your completed Form 8997, and mail it to the IRS.  See: How do I file my return by mail? Please return to Community if you have any additional information or questions and we would be happy to help.