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yesterday
In the MY INFO screens there is a screen that asks if the return is being filed for someone who passed away before the end of 2025. Go back through those screens very slowly and carefully---read e...
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In the MY INFO screens there is a screen that asks if the return is being filed for someone who passed away before the end of 2025. Go back through those screens very slowly and carefully---read every screen top to bottom.
yesterday
In the Personal Info section of the program when entering the individual's personal information you will come to the screen Let's check for some other situations check the box labeled I am preparing ...
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In the Personal Info section of the program when entering the individual's personal information you will come to the screen Let's check for some other situations check the box labeled I am preparing this return for (Their Name), who has passed away.
yesterday
1 Cheer
I have addressed some of this in another one of your posts. In the post, I recommended that you amend your 2024 return to make sure your 1099 R entry matches with the Vanguard's version they submitte...
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I have addressed some of this in another one of your posts. In the post, I recommended that you amend your 2024 return to make sure your 1099 R entry matches with the Vanguard's version they submitted to the IRS. Here is my complete advice how to handle this for 2024 and 2025.
First of all, do not report this 2025 Form 1099-R on your 2025 tax return. Even though the paper says "2025" at the top, the Code P in Box 7 is a specific instruction to the IRS (and you) that this money is "Taxable in 2024." Because you already reported these figures on your 2024 return, you must fix the 2024 return to match the official document.
When you amend your 2024 return, you must enter the numbers exactly as they appear on the official Vanguard 2025 1099-R. Do not subtract the $46 from boxes 1 or 2a. The IRS computers "match" your return to the 1099-R copies they receive from Vanguard. If your numbers don't match Vanguard's exactly, it triggers an automated flag.
How the Amendment works
When you update your 2024 return with the "Actual" numbers:
Your Taxable Income will go up by $46.60.
Your Total Tax Payments will also go up by $46.56 (because you are finally claiming credit for the tax Vanguard sent to the IRS for you).
Since the tax rate on $46 of income is much lower than 100%, adding that $46.56 withholding (Box 4) will almost certainly result in a larger refund or a lower balance due for 2024 than what you originally calculated.
To summarize.
2024 Return: Amend this using the official Vanguard numbers ($5,815.60 / $465.60 / $46.56).
2025 Return: Do not enter this 1099-R at all. If you enter it again in 2025, you may be paying taxes on that same $465.60 a second time.
Keep the Paperwork: Keep the 2025 1099-R with your 2024 tax records so you can prove why you reported it in the "wrong" year if the IRS ever asks.
yesterday
If your Form W-2G does not have a state ID number in Box 13, you can usually leave it blank, unless state taxes were withheld (Box 15).
If your W2-G has a number in the box that says PAYERS TI...
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If your Form W-2G does not have a state ID number in Box 13, you can usually leave it blank, unless state taxes were withheld (Box 15).
If your W2-G has a number in the box that says PAYERS TIN, try using that number. This will not affect your tax return.
Do not enter a zero if the box is blank. If there is no number in Box 14 or 15, leave 13-15 blank.
To check your entries for your Form W-2G you can:
Click on Search at the top right of your TurboTax screen
Type W2-G in the search box and hit Enter
Click on the link Jump to W-2G
Your screen will say Review your W2-G info
Click the pencil icon next to your Form W-2G to review or edit it.
See also:
How do I enter a W-2G?
How to Use the W-2G Tax Form to Report Gambling Income
Please return to Community if you have any additional information or questions and we would be happy to help.
yesterday
In Desktop program it’s called Personal Info. First item on left.
yesterday
Should the proceeds of the sale of a stock mutual fund be included on a PA tax return?
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yesterday
You need to get through the 1099-DIV questions. If you've already entered the Foreign Income associated with the 1099-DIV's, then Continue/Done until you get a screen asking if you 'have any other t...
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You need to get through the 1099-DIV questions. If you've already entered the Foreign Income associated with the 1099-DIV's, then Continue/Done until you get a screen asking if you 'have any other type of foreign income to report' or the Foreign Tax Credit Summary. Choose 'Add a Foreign Tax' and the next screen will be 'Choose the Income Type'.
@marianacourtney
yesterday
is it loading the Ca income tax form?
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yesterday
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
yesterday
Thank you👍🏼
yesterday
This for a car purchase in TX
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yesterday
What is QBI Passive Op Loss?
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yesterday
Where do I find the 'My Info' section in the TurboTax desktop software that would enable me to note that I am completing the return on behalf of someone who passed away?
yesterday
Hello, I started a 2024 tax amendment. The page first said the meter would be set to 0. However, once I start, without making any changes at all, it is showing a federal and state refund due with th...
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Hello, I started a 2024 tax amendment. The page first said the meter would be set to 0. However, once I start, without making any changes at all, it is showing a federal and state refund due with the amendment. I don't understand how this can happen without making any changes to the prior return. Thanks.
yesterday
Your solution did not fix the problem. I continue to get the very same error message. TT is NOT recognizing that my home is in the US. PLEASE FIX THIS FORM!!
yesterday
Did you e-file? Or did you just enter information but have not yet e-filed? We need to know that first in order to help.
yesterday
Thanks. I should have clarified that I was "guided" and imported everything. I did not manually enter the 1099-div.
yesterday
If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are...
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If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
yesterday
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work ...
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To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button
On Federal estimated taxes for 2025 (Form 1040-ES), click the start button
Federal estimated taxes paid are entered on Form 1040 Line 26
yesterday
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