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yesterday
To file your 2025 return, your 2024 Adjusted Gross Income (AGI) is found on Line 11 of your 2024 Form 1040. If you used the online version of TurboTax, sign in at TurboTax.com. Scroll to Your tax re...
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To file your 2025 return, your 2024 Adjusted Gross Income (AGI) is found on Line 11 of your 2024 Form 1040. If you used the online version of TurboTax, sign in at TurboTax.com. Scroll to Your tax returns & documents and select 2024 to view your AGI or download a PDF.
yesterday
Our NY W-2 Box 14 Code: TRANSIT PRE-TAX is not recognized by Turbo Tax and does not have a drop down option to match it for NY. I tried to enter "Other" and it gave me an error on the return. What d...
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Our NY W-2 Box 14 Code: TRANSIT PRE-TAX is not recognized by Turbo Tax and does not have a drop down option to match it for NY. I tried to enter "Other" and it gave me an error on the return. What do I do? This is money that gets deducted for transit from each paycheck and is completely tax free. The total is $825.00.
yesterday
I don't know what to say but this actually worked. Attributing the K-1 to my spouse fixed the numbers for me, but I think as you said, it is a superficial fix because the loss is probably applied to ...
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I don't know what to say but this actually worked. Attributing the K-1 to my spouse fixed the numbers for me, but I think as you said, it is a superficial fix because the loss is probably applied to my spouse's earned income instead, which is way over the dependent care benefit so the issue is masked. The software has some real bugs with this. Ironically, when I attribute the K-1 to both of us, I received max credit of $3000 x 2 = $600, which makes absolutely no sense. See the turbotax AI/automated explanation below for each option I select: Me (correct designation, incorrect result): "With one qualifying person, the maximum expenses you can use is $3,000. You received $5,000 in Dependent Care Benefits from your employer, which reduces your eligible expenses to $0, but the IRS allows you to use the lesser of your earned income or $3,000 for the credit calculation. Since your earned income is $1,899, only that amount counts. Your credit rate is 20%, so your final credit is $380." Spouse (incorrect designation, correct result): "With one qualifying child, the maximum expenses you can use for the credit is $3,000. Because you received $5,000 in pre-tax Dependent Care Benefits from your employer, your eligible expenses are reduced to $1,182. Your credit rate is 20%, so your credit is $236 ($1,182 × 20%)." Both of us (incorrect designation, incorrect result): "With one qualifying child, the maximum expenses you can use for the credit is $3,000. You received $5,000 in Dependent Care Benefits from your employer, so your eligible expenses are reduced to $3,000. Your credit rate is 20%, so your credit is $600." Any advice on how to proceed? Is this something you can report higher up? Thank you so much.
yesterday
i did get a letter that told me they paid intrest to me tocount for25
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yesterday
I'm still working on this. I really want to make this easier so - will the following work??? I have a spreadsheet so I have all the information. Luckily its only a couple of years. - but it is al...
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I'm still working on this. I really want to make this easier so - will the following work??? I have a spreadsheet so I have all the information. Luckily its only a couple of years. - but it is also four mutual funds. If only I knew to shut off the dividend reinvestment. My question now is can I just separate into three different categories? Lots of entries for only two years with four funds. first - The inherited mutual fund info with the date of death basis. second - For reinvested dividends over a year - combine each mutual fund's reinvested dividend shares and average out the basis for this long term category. Third - For reinvested dividends less than a year - combine each mutual fund's reinvested dividend shares and average out the basis for this short term category. I hope I explained this ok. Thank you for your help. If I have to do all the entries for every purchase separately I will do it - I'd just rather not. In December they have three separate purchases per fund on the same day. Thank You.
yesterday
The general rule is (and it applies, in your case): your report all your income on your home state return, even the income earned out of state. You file a non-resident state return for the state you ...
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The general rule is (and it applies, in your case): your report all your income on your home state return, even the income earned out of state. You file a non-resident state return for the state you worked in and pay tax to that state. Your home state will give you a credit, or partial credit, for what you paid the non-resident state. You will have to file a non resident MA state return and pay MA tax on the income earned there.. You will also file a RI full year resident return and calculate tax on ALL your income. RI will give you a credit, or partial credit, for the tax you pay MA. So, there will be little or no double taxation, but you have the cost and hassle of filing two state returns. Do the nonresident state return first. Doing the returns in the correct sequence insures that your RI return will include the credit for the tax you pay to MA.
yesterday
I have no 2024 return information, I can not start my 2025 return. I used TurboTax only to filing my past years return, Please help me find record.
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yesterday
1 Cheer
Do you need the AGI to efile this year's return? You need your 2024 AGI to efile 2025. The AGI is on 2024 1040 or 1040SR line 11. If you filed a Joint return you use the same AGI for each spouse. ...
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Do you need the AGI to efile this year's return? You need your 2024 AGI to efile 2025. The AGI is on 2024 1040 or 1040SR line 11. If you filed a Joint return you use the same AGI for each spouse. How to find the AGI. https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947 If you didn't file 2024 or filed it later in the year or mailed it, then try entering 0 for the AGI. If that doesn't work you will have to print and mail your return. Or request a transcript from the IRS https://www.irs.gov/individuals/get-transcript
yesterday
1 Cheer
What do you need it for? How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side ...
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What do you need it for? How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side menus to open up to access the prior year..... You need to start entering some basic Personal Info in 2025 for the side menu to open up. Just continue a little ways into 2025. I had to go though about 12 screens. If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. So you need to make and keep your own backups. Or request a transcript from the IRS https://www.irs.gov/individuals/get-transcript Or get a copy of your return using form 4506 https://www.irs.gov/pub/irs-pdf/f4506.pdf
yesterday
I have a small foreign tax credit from a trust. The K-1 total foreign taxes paid is $25 which is reported on Line 14, Box ZZ. That came from a mutual fund that the trust invested in. The foreign g...
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I have a small foreign tax credit from a trust. The K-1 total foreign taxes paid is $25 which is reported on Line 14, Box ZZ. That came from a mutual fund that the trust invested in. The foreign gross income is on the K-1 is $361; expenses of $21 for a net of $340. I have no clue what the US sourced gross income is. I guarantee you the broker doesn't know either. Turbo Tax won't let me electronically file because I haven't filled in the answer to this question: US Source Income plus Foreign Source Income sourced at the beneficiary level should not be greater than the total gross income sourced at the beneficiary level. It wants me to complete the US Sourced Income. No matter what I put, Turbo Tax won't accept it. I've tried inputting boxes 1, 2a, 3 and 4a (that's all I have on the K-1), that's about $600, I've tried combining that with the foreign gross income. No matter what I input, Turbo Tax won't accept it. Doesn't matter if it's higher than, equal to or less than any combination listed on the K-1. I have never run into this with Turbo Tax before and I've always had a small amount of foreign tax credit, well under the limit where I have to complete a F 1116. Anyone have any solutions? Call the CEO of the mutual fund company and ask what my portion of their US Sourced Income is? (sarcasm). Turbo Tax won't accept it even if I did. This problem has been around on this forum and after reading pages trying to find an answer, there was not an answer given to this exact scenario. Plenty of advice, but Turbo Tax's software won't accept it. Thank you. The help section says to check with the broker. I guarantee you my broker doesn't know. We're talking a very small amount here.
yesterday
At the screen Tell us about any other medical expenses, something may have been entered in either the Description field or the Amount field.
Click the Delete trashcan to the right.
yesterday
For a pension, it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount from box 1 as the RMD amount. The pe...
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For a pension, it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount from box 1 as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.
yesterday
Dependent
Other
I need to remove the word other.
I do not have any dependents.
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yesterday
Yes, this penalty is likely correct because VA disability and SSDI do NOT count as earned income, which is required to contribute to an IRA.
Without earned income (like wages or self-employmen...
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Yes, this penalty is likely correct because VA disability and SSDI do NOT count as earned income, which is required to contribute to an IRA.
Without earned income (like wages or self-employment), the IRS treats your $600 contribution as an excess contribution, triggering a 6% penalty each year it remains.
To fix it, you should withdraw the $600 (plus any earnings) before the tax deadline to avoid ongoing penalties.
For more information,, see
When Can Contributions Be Made?
yesterday
When turbo tax says there is an error and there is no error, is there some way to proceed?
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yesterday
Is your efile rejecting for last year's AGI? Try entering 0 for the AGI. The IRS might have processed your return later so the AGI didn't get entered in time. Especially if you mailed it. That wor...
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Is your efile rejecting for last year's AGI? Try entering 0 for the AGI. The IRS might have processed your return later so the AGI didn't get entered in time. Especially if you mailed it. That works for most people. See, https://ttlc.intuit.com/community/rejections/help/what-if-i-entered-the-correct-agi-and-i-m-still-getting-an-e-file-reject/00/27031 How to correct the AGI in the Online version https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311 If you can’t get it to efile you will have to print and mail it. https://ttlc.intuit.com/community/printing/help/how-do-i-print-and-mail-my-return-in-turbotax-online/00/26258 Be sure to attach copies of your W2s and any 1099s that have withholding on them. You have to mail federal and state in separate envelopes because they go to different places. Get a tracking number from the post office when you mail them for proof of filing.
yesterday
J'ai déjà payé mes impôts en France puisque j'avais un statut d autoentreprise francaise.
yesterday
If the 2024 Form 1040, Line 11 AGI is not working, try using an AGI of 0. That sometimes work when your info was late in the IRS efile database. If the AGI of 0 doesn't work, write back for a t...
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If the 2024 Form 1040, Line 11 AGI is not working, try using an AGI of 0. That sometimes work when your info was late in the IRS efile database. If the AGI of 0 doesn't work, write back for a third option in order to efile.
yesterday
Try entering 0 for the AGI. The IRS might have processed your return later so the AGI didn't get entered in time. Especially if you mailed it. That works for most people. See, https://ttlc.intuit....
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Try entering 0 for the AGI. The IRS might have processed your return later so the AGI didn't get entered in time. Especially if you mailed it. That works for most people. See, https://ttlc.intuit.com/community/rejections/help/what-if-i-entered-the-correct-agi-and-i-m-still-getting-an-e-file-reject/00/27031 How to correct the AGI in the Online version https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311 If you can’t get it to efile you will have to print and mail it. https://ttlc.intuit.com/community/printing/help/how-do-i-print-and-mail-my-return-in-turbotax-online/00/26258 Be sure to attach copies of your W2s and any 1099s that have withholding on them. You have to mail federal and state in separate envelopes because they go to different places. Get a tracking number from the post office when you mail them for proof of filing.
