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No.   You have to report all of your income on a tax return whether you have a form or not.    There are 3 scenarios for this income:   If you are self-employed, you enter your income (use general... See more...
No.   You have to report all of your income on a tax return whether you have a form or not.    There are 3 scenarios for this income:   If you are self-employed, you enter your income (use general income category if no form received) on Schedule C.  You can deduct your business related expenses and TurboTax will walk you through including the self-employment forms on your return.   What if I didn't get a 1099-NEC or 1099-MISC, but made money from self-employment?   Hobby income is money made incidentally (you don’t depend on the income), doing what you love. This is different from or self-employment income.    The IRS doesn't let you deduct hobby expenses from hobby income because you’re not considered self-employed.   This can be entered in Miscellaneous income.   Or if you sold personal items on ebay, you only need to report any gains you made on the sale, see Personal item sales
try again.... where it says Box 😎 it means Box 8 )
ha where it says Box 8 it means Box 8 )
Thanks Dawn C....I guess my question is what is a Qualified Business Expense and why do we get it?
no you would not pay state tax on this, the premium in Box 13 is a reduction of income reported in Box 8 if you hold individual munis.  if your munis are non-VA bonds then you will have an addition t... See more...
no you would not pay state tax on this, the premium in Box 13 is a reduction of income reported in Box 8 if you hold individual munis.  if your munis are non-VA bonds then you will have an addition to income on your 760 Line 2 for the amount that is taxable which should be 1099-INT Box 8 less 1099-INT Box 13.  Similarly your 1040 Line 2a should reflect the amount of muni income from 1099-INT, 1099-DIV, 1099-OID net of any premium or other adjustments.   (you should also be adjusting for any accrued interest paid when you purchased the bond, in the tax year of the first coupon, that is another reduction to Box 😎   the rub is when you have a mixture of VA and non-VA bonds though.  after you enter the 1099-INT you will be asked how much of Box 8 comes from which state, but you can't specify how much of the premium is VA or non-VA.  If you have a mixture of VA and non-VA bonds I have found it best to split up the 1099-INT and input the amounts from Box 8/13 (and any adjustment for accrued interest paid) for the VA bonds separately from the non-VA bonds, so you get the right amount of premium adjustment to the bonds that are taxable in VA.   hope that helps - feel free to reply if more questions.
Question asks Annuity start date, Tax-free amount previously recovered. I left box blank, as I was told by Turbo specialist suggests. Still comes back and unresolved problem.
Was there any resolution or answer from Chase?  My Mother had the same issue and with Chase as well.  Cost and Proceeds were exactly the same but had $822 of Accrued Market Discount (AMD).  
If it's asking for an EIN number you are entering it in the wrong place. There is no EIN on social security SSA-1099.  So delete it and enter it in the right place.   Have you filed yet?  If not, ... See more...
If it's asking for an EIN number you are entering it in the wrong place. There is no EIN on social security SSA-1099.  So delete it and enter it in the right place.   Have you filed yet?  If not, do they both have the same ssn on them?  Add them together before you enter it.  It even says that at the top  of the entry screen.  Or if you are married and you each have a SSA-1099 there should be 2 columns on the screen for you and spouse.   Enter a SSA-1099, SSA-1099-SM or RRB-1099  under Federal Taxes Wages and Income Then scroll down to Retirement Plans and Social Security Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit  button   After you enter it keep going.  There are follow up questions you need to answer.  Especially look for if you lived in a Foreign country.  Should be No.
Are you entering your SSA-1099 in the wrong section?   Reporting an SSA-1099 does not require an EIN or TIN.  Be sure you are not mistakenly in the W-2 section or the 1099-R section.
I walked away and was able to see your refund/payment info lol and followed @gg326 instructions to edit my selections. Many thanks!!!
Did your divorce decree make any statements about dividing assets or income for tax purposes? Your divorce decree should take precedence, but, of course, we cannot give any legal advice here.   A... See more...
Did your divorce decree make any statements about dividing assets or income for tax purposes? Your divorce decree should take precedence, but, of course, we cannot give any legal advice here.   Absent any statement in the divorce decree and if you are living in a community property state (AZ, CA, ID, LA, NV, NM, TX, WA, WI), then a 50-50 split is about right.
You can go through the W-4 and estimated taxes interview in Other Tax Situations.    You can include those amounts on the Other income and losses field on the screen titled Enter the Investment Gains... See more...
You can go through the W-4 and estimated taxes interview in Other Tax Situations.    You can include those amounts on the Other income and losses field on the screen titled Enter the Investment Gains, Other Income and Losses your expect in 2026.   This line is for income and losses from these sources:   - Interest income - Dividend income - Retirement income - Taxable Social Security benefits - Income from S corporations, estates and trusts, and partnerships (but not partnership self-employment income) - Rental properties (or your allowable losses from rentals) - Any other miscellaneous taxable income or loss you expect to have next year   Can TurboTax calculate next year's federal estimated taxes?
Hi @judeshadday  Were you able to properly install and file for 2025? Let us know.  If not, here's some help articles that could point you in the right direction:    How do I forcefully unins... See more...
Hi @judeshadday  Were you able to properly install and file for 2025? Let us know.  If not, here's some help articles that could point you in the right direction:    How do I forcefully uninstall TurboTax for Windows? Select your 2025 product below to begin the download
Screen:  Review your 1099-R Summary   My 1099 financial institution is listed.  I click Continue.  Have I taken a disaster distribution?  No.  Continue.  Back to Your 2025 Income Summary.   Ve... See more...
Screen:  Review your 1099-R Summary   My 1099 financial institution is listed.  I click Continue.  Have I taken a disaster distribution?  No.  Continue.  Back to Your 2025 Income Summary.   Very frustrating.  I have used TT for years, but what’s the point?  Entering and updating 1099-R info is no doubt done by millions of people in TT.  Why doesn’t this work?  I notice that people have been complaining about 1099-R issues since January of this year.  Why aren’t these issues fixed? I have installed all updates.  Windows 11.