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Your tax rate can be found in one of two ways.  Take your total tax divided by your taxable income on your Form 1040 (Line 24/Line 15). Take the total tax divided by your adjusted gross incom... See more...
Your tax rate can be found in one of two ways.  Take your total tax divided by your taxable income on your Form 1040 (Line 24/Line 15). Take the total tax divided by your adjusted gross income (before deductions) (Line 24/Line 11a or 11b which is the same number) The latter is a better reflection of your tax rate based on your overall income.   There are many factors that actually go into this formula, but the simple answer is what is provided above.   @stodman 
Before you start deleting, let's get into the drainage tile. You said they were depreciated. Depreciation is recaptured the first year of the sale, it is not part of the installment sale. The 4797 is... See more...
Before you start deleting, let's get into the drainage tile. You said they were depreciated. Depreciation is recaptured the first year of the sale, it is not part of the installment sale. The 4797 isn't going to clear and the income will remain for all depreciated items. The bare land is a capital gain and can be sold as installment sale. The gross profit ratio is calculated on the gain portion.   If you want to delete the 4797 and 6252 from forms, you can.  Online:  In the left-hand menu, click Tax Tools > Tools. Select Delete a form. Look for forms and worksheets related to issue Additional help, see  How do I view and delete forms in TTO? Desktop: switch to Forms mode and delete
I am not sure where you are looking, but qualified dividends are taxed the same as long-term capital gains, so perhaps the number you see is the sum of the two.   Also, short-term capital gains a... See more...
I am not sure where you are looking, but qualified dividends are taxed the same as long-term capital gains, so perhaps the number you see is the sum of the two.   Also, short-term capital gains are taxed the same as ordinary income, so perhaps the short-term gains were removed from the capital gains number. 
If you are referring to the Business Code for a Schedule C business, you can edit the code as follows:    TurboTax Online:   Select Self-Employment Income under Income Find your Schedul... See more...
If you are referring to the Business Code for a Schedule C business, you can edit the code as follows:    TurboTax Online:   Select Self-Employment Income under Income Find your Schedule C in the Self-Employment section and click on the pencil icon to Edit Scroll down to Business Summary Click the pencil icon to Edit next to the name of the business Click Edit next to Business Code under Tax Details You can either change the number in the entry field or click the button for Look Up Business Codes, enter a brief description, and click Search to find an appropriate code and select it.   TurboTax Desktop:   Open your Schedule C business in TurboTax Click Start or Update next to Business Profile - General Business information Scroll down until you find Business Code. Click Edit  You can either change the number in the entry field or click the button for Look Up Business Codes, enter a brief description, and click Search to find an appropriate code and select it.  
The step-by-step mode did not have a place where I could enter the state and local tax rates, but the form did. That solved the problem. Thank you.
You can't e-file a state return unless the federal is also e-filed.   If you already e-filed the federal, you have to wait until it is accepted before you can access the state return.   What is the s... See more...
You can't e-file a state return unless the federal is also e-filed.   If you already e-filed the federal, you have to wait until it is accepted before you can access the state return.   What is the status of your federal return now?   How do I e-file my state after I already filed my federal?
It might not be.  Here's a link to TurboTax Audit Defense for $39.99.   @keifaul 
Unfortunately, no.  The award is considered unearned income income for purposes of the "kiddie tax". 
Try using the link below for your software and delete only the financial institution you want to remove.   Use the link below for your version of TurboTax to delete a form. If you're using T... See more...
Try using the link below for your software and delete only the financial institution you want to remove.   Use the link below for your version of TurboTax to delete a form. If you're using TurboTax Online software and need to delete a form, click here. If you're using TurboTax Desktop software and need to delete a form, click here. Once completed you can enter summary totals manually for this financial institution which will be easily done.   A solution can be to enter summary transactions if you have many transactions. Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.   You can always use direct entry if you choose, with summary totals.  The only exception is wash sales, which must be entered separately, if you have any. Where do I enter Form 1099-B? (Ignore import) How do I mail Form 8453? (review if alerted)
The question was how do I "find" my tax rate.  You didnt answer the question!   Plus, a tax rate is a percentage. Don't point someone to a dollar amount.
On your 2024 tax return:   line 25d is total withheld line 26 is total estimates paid    
Do you have an HSA? If so, the amount distributed from the HSA (presumably for qualified medical expenses) has been transferred to Schedule A, along with insurance reimbursements, on the assumption t... See more...
Do you have an HSA? If so, the amount distributed from the HSA (presumably for qualified medical expenses) has been transferred to Schedule A, along with insurance reimbursements, on the assumption that you entered ALL medical expenses, not just the ones that were not reimbursed by insurance or covered by your HSA.   See if what you are seeing makes sense from this point of view...
@Bwana_Jones wrote: Guess you've never heard of children who outgrown their clothing, furniture, and toys...  With 3 kids, now grown, I sure have but then we always just gave those things away ... See more...
@Bwana_Jones wrote: Guess you've never heard of children who outgrown their clothing, furniture, and toys...  With 3 kids, now grown, I sure have but then we always just gave those things away to friends, relatives. and others in need. Guess you're just greedy.
Yes. You should amend your 2025 return using Form 1040-X to correctly report the gambling earnings and include a Non-Resident state tax return for Oklahoma.   Note: To prevent processing delays, ... See more...
Yes. You should amend your 2025 return using Form 1040-X to correctly report the gambling earnings and include a Non-Resident state tax return for Oklahoma.   Note: To prevent processing delays, if the IRS has not completed processing your original return, do not e-file your amendment yet. The IRS recommends waiting until your original return is fully processed and the first refund is issued (if applicable) before filing the 1040-X.   TurboTax makes it easy for you to file an amendment. Here is a link on how to proceed with the amendment in TurboTax.   Here is a link to check on the status of your refund. However, please wait until your return has been fully processed by the IRS (typically at least four weeks) before submitting your 1040X.
I have used Form 2210 and Schedule AI. My guess is the difference is I used Worksheet 2-8 in Publication 505 on page 39 to calculate my tax. And yes, I used it four times, once for each of the four p... See more...
I have used Form 2210 and Schedule AI. My guess is the difference is I used Worksheet 2-8 in Publication 505 on page 39 to calculate my tax. And yes, I used it four times, once for each of the four periods. I am wondering if he used  Form 1040's QDCG Worksheet (which does not talk about annualization) to match what TT has???
Where are taxes for 2025 passed 21 days
If that is the amount on Line 20, of your Form 1040-X then this is a balance due. If the amount is on Line 18 it is a refund. Check your amended return to see if the proper changes are in place. Colu... See more...
If that is the amount on Line 20, of your Form 1040-X then this is a balance due. If the amount is on Line 18 it is a refund. Check your amended return to see if the proper changes are in place. Column A is the original numbers, Column B is the changes and Column C is the new numbers.   @Katiecates47 
No, your AGI must have been fine, or you would have been Rejected for that, with a different error message.  The IRS is using your IP PIN to identify you, rather than your AGI.  It's all for ID verif... See more...
No, your AGI must have been fine, or you would have been Rejected for that, with a different error message.  The IRS is using your IP PIN to identify you, rather than your AGI.  It's all for ID verification, they're not comparing your AGI to your last year return.  Just fix the IP PIN and refile.   @turbotaxisterrible 
When the plan administrator put a 0 (zero), they created a 1099-R that didn't make sense. Box 9a is the percentage of the distribution in box 1 that goes to the person who is listed as the Recipient.... See more...
When the plan administrator put a 0 (zero), they created a 1099-R that didn't make sense. Box 9a is the percentage of the distribution in box 1 that goes to the person who is listed as the Recipient. What doesn't make sense is creating a 1099-R for someone, and then saying that they don't receive anything (zero percent).   Normally, the 1099-R reports a distribution for one person, and that person gets all of the distribution. So 100 (percent) would make more sense, but really, you should just delete the zero to blank it out. This was a bug on the part of the administrator who created the 1099-R.