All Posts
yesterday
@Thom31 wrote: I got the Pin from my IRS account. After my return was rejected, I clicked on a place to fix the error, which I did. Sometimes, instead of using a "Fix It" it's better to go...
See more...
@Thom31 wrote: I got the Pin from my IRS account. After my return was rejected, I clicked on a place to fix the error, which I did. Sometimes, instead of using a "Fix It" it's better to go back to the actual interview to make the correction. I don't know if you tried the manual maneuvers yet to re-enter the IP PIN and save the return, then re-file as mentioned in my post above. It, too, may not work, but hopefully it might reset something.
yesterday
I have a small amount of mineral rights royalty income for this return. I have already filed my federal and California state returns. I have gone through the Easy Step questions, answering "0"...
See more...
I have a small amount of mineral rights royalty income for this return. I have already filed my federal and California state returns. I have gone through the Easy Step questions, answering "0" in the Oklahoma Amount box for the following questions: Interest Income, dividends, and capital gains. However, Turbotax is generating a form 561 based on $1 of capital gains from a Treasury that matured in 2025 in a California brokerage account reported on a 1099-B. Turbotax will not let me file my Oklahoma nonresident return without answering the following Smart Check questions: 1-Check This Entry Form 561NR. Type of property must be selected. I left it blank because none of the choices apply to me. These are the choices: 1-Stock in an OK corporation 2-Interest in an OK LLC or Partnership 3-Real property within OK 4-Tangible personal property within OK 5-Intang pers property as part of OK sale 2. Check This Entry Form 561NR: Oklahoma gain or loss Federal gain should be equal to or less than the Oklahoma gain. In the “Oklahoma gain or loss wks” I entered 0 as I do not have a Federal gain that applies to the Oklahoma gain. (The $1 Capital gain from a matured Treasury in a California brokerage account does not apply to any Oklahoma gain, is that correct? This is an endless loop of these two questions. I cannot progress to file my return. I did go to the Forms view and deleted the Form 561NR, but it came back. I request that this programming be fixed as quickly as possible and that you let me know when I may attempt to file my Oklahoma nonresident return, as I owe on it.
yesterday
Possibly as head of household if you have a qualifying dependent.
yesterday
For federal it's always the original AGI unless filed late, then 0 may work. Some states want the AGI off the latest return filed. If a taxpayer files multiple state amendments they need to use the A...
See more...
For federal it's always the original AGI unless filed late, then 0 may work. Some states want the AGI off the latest return filed. If a taxpayer files multiple state amendments they need to use the AGI from the prior filing
yesterday
Did you go through state interview? You will come to a screen that asks if the K-1 represents partner retirement payments. If you enter the amount there, TurboTax makes the subtraction on Schedule...
See more...
Did you go through state interview? You will come to a screen that asks if the K-1 represents partner retirement payments. If you enter the amount there, TurboTax makes the subtraction on Schedule M.
yesterday
there may be an option to remove imported data by selecting the financial institution. it under the file tab for desktop. not sure for online
yesterday
@SteamTrain Thanks much for the reply and you are spot-on. It appears that I made a duplicate $12300 estimated payment last June . I'm not sure how I did not notice it in Quicken until your prompt. I...
See more...
@SteamTrain Thanks much for the reply and you are spot-on. It appears that I made a duplicate $12300 estimated payment last June . I'm not sure how I did not notice it in Quicken until your prompt. I'm glad the IRS computer took it into account!!
yesterday
@ wthorpe-bt Here's a scenario that could have happened: Are you still preparing your return, or did you already file and were notified by the IRS in a letter? After you entered your Socia...
See more...
@ wthorpe-bt Here's a scenario that could have happened: Are you still preparing your return, or did you already file and were notified by the IRS in a letter? After you entered your Social Security income in the return, there is a screen with a list of several countries, and it asks if you as a US citizen lived in one of those countries (where SS is not taxed by USA). Some Social Security recipients have not answered that screen correctly. If you answer incorrectly, it will think you live in one of those countries, then your Social Security is not taxed and Line 6b on your 1040 would show up blank or 0. If you already filed, the IRS is catching a lot of these Social Security errors, making the changes, and notifying filers. So that is possibly what could have happened. This may or may not be your situation.
yesterday
You can contact TurboTax by following the instructions in the TurboTax article What's the TurboTax phone number? To discuss further with a representative.
yesterday
Hi, The question is did you take the standard deduction or an itemized deduction? Over the past few years, I have found the standard is significantly higher than the itemized deduction. If you answe...
See more...
Hi, The question is did you take the standard deduction or an itemized deduction? Over the past few years, I have found the standard is significantly higher than the itemized deduction. If you answered standard, you are able to deduct only $1,000, In the past I itemized deductions, and I had to enter each individual charitable contributions into its respective field. l hope this helps
yesterday
I got the Pin from my IRS account. After my return was rejected, I clicked on a place to fix the error, which I did. When I went through the process of transmitting for a second, I got tha the s...
See more...
I got the Pin from my IRS account. After my return was rejected, I clicked on a place to fix the error, which I did. When I went through the process of transmitting for a second, I got tha the second submittal did to get transmitted because itwas identical to the first
yesterday
I just discovered it myself. That is some smarmy S__t. I'm tired of this kind of c__p. Just out of curiosity, have you been audited before?
yesterday
How can I prove that I lived in my second home for more than 2 out of the 5 years? I file NYS taxes in the past and if I sell my Florida home, one accountant told me that as long as I have as much do...
See more...
How can I prove that I lived in my second home for more than 2 out of the 5 years? I file NYS taxes in the past and if I sell my Florida home, one accountant told me that as long as I have as much documentation as possible, namely: Deed on my name, car, registration and insurance registered in Florida, utility bills in my name, house insurance, bank account at the 2nd home address, etc...that I am fine. Problem is, even if it passes the test, how do I treat NYS since I know they use days, namely183 days out of the state. I am kind of confused and don't want to get in a jam, since I am a senior and a 100% service connected vet on VA disability.
Topics:
yesterday
There is one thing taxpayers who lease their vehicles overlook, and that is the vehicle lease inclusion
Car lease inclusion, also called the Lease Inclusion Amount (LIA), is a tax adjustment that r...
See more...
There is one thing taxpayers who lease their vehicles overlook, and that is the vehicle lease inclusion
Car lease inclusion, also called the Lease Inclusion Amount (LIA), is a tax adjustment that reduces the deductible portion of lease payments for passenger vehicles used in business when the vehicle’s fair market value (FMV) exceeds an IRS threshold for the year the lease begins. Despite the term "inclusion," it does not add income; instead, it reduces the lease deduction. When It Applies The lease must be 30 days or longer. The vehicle’s FMV exceeds the IRS threshold for the first lease year. Vehicles with a Gross Vehicle Weight Rating (GVWR) over 6,000 pounds are generally exempt from this rule. Only the business-use portion of the lease is deductible, so the inclusion amount is scaled accordingly if the vehicle is used for both business and personal purposes.
yesterday
1 Cheer
Yup. It didn't show any errors. One one of the 'support' calls, they even had me totally delete the investment rental and start over and the problem was recreated. This is a 100% a software defect...
See more...
Yup. It didn't show any errors. One one of the 'support' calls, they even had me totally delete the investment rental and start over and the problem was recreated. This is a 100% a software defect.
yesterday
Hey! Recd. email verifying federal was filed and accepted but, never received anything about state after paying the fee I got an email verifying payment but never anything saying return was filed or...
See more...
Hey! Recd. email verifying federal was filed and accepted but, never received anything about state after paying the fee I got an email verifying payment but never anything saying return was filed or accepted. Tried the url from turbo regarding this and shortcut led to nothing?????
Topics:
yesterday
How to delete a 1099-R and add another one:
Open TurboTax
Go to Wages & Income
Scroll down to Retirement Plans and Social Security
Select Revisit by IRA, 401(k), Pension Plan Withdr...
See more...
How to delete a 1099-R and add another one:
Open TurboTax
Go to Wages & Income
Scroll down to Retirement Plans and Social Security
Select Revisit by IRA, 401(k), Pension Plan Withdrawals (1099-R)
Select the trash can next to the 1099-R that you want to delete.
yesterday
Transferring my 2024 Return into 2025 Turbotax Online was my greatest challenge. Your second reply to my message/question was indeed the reason I posted my question. Thanks to your comment, I realiz...
See more...
Transferring my 2024 Return into 2025 Turbotax Online was my greatest challenge. Your second reply to my message/question was indeed the reason I posted my question. Thanks to your comment, I realized that I had to find a way to import my Desktop Edition 2024 Return into the Online version for 2025. With no clear guidance instructions from Intuit on how to do this, I once again resorted to asking the TurboTax Community how to accomplish this. I received an answer very quickly, which steered me into the left column of the online program where it says "Tools." In the Tools section I thankfully found a hierarchy of listings that guided me to where I could transfer the 2024 Return. Once the transfer was implemented, I was able to find and have entered all of the payment issues required for me to complete my Return for this year. Thanks for your help.
yesterday
If the first thing you enter is Social Security, the program won't know how much is taxable until you finish entering the rest of your income. Social Security is often taxable. If half your benefits...
See more...
If the first thing you enter is Social Security, the program won't know how much is taxable until you finish entering the rest of your income. Social Security is often taxable. If half your benefits plus your other income surpasses the income limits, it is taxable.
Reference:
IRS reminds taxpayers their Social Security may be taxable