All Posts

ttax only allows me to enter spouse $$, not taxpayer.     have gone thru the prompts many, many times, still just asks for spouse.  I realize it is for record keeping but would like to get this correct.  

No.  Those are two different things.   The box 14 amount is not income, its a deduction from your pay to pay premiums to fund the program.   Use the category Other -not classified for Box 14 amounts when there is no matching code.    The FAMLI Benefits Received section on your CO state return is for income you received from the program while taking medical leave; it is not taxable in CO.   You would have received a 1099-G for that type of income - it won't be in Box 14.  

To m-mtax - respectfully, your response oversimplifies the situation. First of all, how would you import the 2 k-1’s using the import txf function? And if entered manually (a real pain with busy k-1’s), do you simply combine the amounts on each line? What about basis, suspended loses, etc?

I have the same issue. May I know what was your workaround? I am also using the TurboTax Desktop. I even tried to edit the K-1 Addl Info worksheet to input the long term and short term capital gain/loss, but Schedule D didn't get updated.

The only way to use TurboTax to file a Form 1041 income tax return for an estate is to use TurboTax Business. But if you have no experience filing Form 1041 you might be better off going to a local tax professional for that.  

At the final step, make sure your Transmit Date is the current date.  Change it if a different date is pre-filled.    If you print and mail your Amended return, all you need to send is Form 1040X and documentation for whatever was changed (W-2, 1099).   Remember, there's no rush to Amend; it takes at least 12 weeks to process an Amended return (whether mailed or efiled) and you have up to three years to Amend.   @Elaine15 

The website of the Texas Comptroller states:   The retail sales of boats and boat motors are subject to either   boat and boat motor sales and use tax; or limited sales and use tax. Boat trailers are subject to motor vehicle sales and use tax.   The website also states:   The boat and boat motor sales and use tax rate is 6.25 percent. The tax is based on the sale price less any allowance for the trade-in of another boat or boat motor. The total amount of boat sales tax collected on each sale of a taxable boat or boat motor may not exceed $18,750.

Perhaps it is not found there because the deduction exceeds the earned income from your business.   This TurboTax Help states:   The deduction cannot exceed the earned income you collect from your business.   For example, if your self-employment activity is a sole proprietorship that generated a tax loss for the year, you are not allowed to claim the deduction because the business did not generate any positive earned income.