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If you check the box for cash (money), you should get a box to enter the yearly total.  You don't need to enter individual donations or specify the dates for money (cash, check, credit card) donation... See more...
If you check the box for cash (money), you should get a box to enter the yearly total.  You don't need to enter individual donations or specify the dates for money (cash, check, credit card) donations. 
If you're going to put a % amount, that's where you should put it.  However, the form is designed for dollar amounts, not percentages.  The Insurance Company/IRA administrator may not process it with... See more...
If you're going to put a % amount, that's where you should put it.  However, the form is designed for dollar amounts, not percentages.  The Insurance Company/IRA administrator may not process it without a fixed amount.
Still happening to me today.  April 9th.    One entry but shows I have two same amount RMD on form 5329. Part IX   Line 52a and 52b.  Do I owe excess tax on one of them.   Did u get your problem reso... See more...
Still happening to me today.  April 9th.    One entry but shows I have two same amount RMD on form 5329. Part IX   Line 52a and 52b.  Do I owe excess tax on one of them.   Did u get your problem resolved ?
No need to switch to forms. The workaround is to click "back' instead of "continue" when TT asks about the institution name. You will see an empty form; click the trashcan and it will be gone unti... See more...
No need to switch to forms. The workaround is to click "back' instead of "continue" when TT asks about the institution name. You will see an empty form; click the trashcan and it will be gone until you click "visit all" again, requiring the same workaround.
Schwab 1099 statements do a pretty bad job of clearly stating the Foreign dividend amounts in their statements.  You can find the total foreign dividends paid towards the end of the Schwab 1099-COMP,... See more...
Schwab 1099 statements do a pretty bad job of clearly stating the Foreign dividend amounts in their statements.  You can find the total foreign dividends paid towards the end of the Schwab 1099-COMP, but in order for you to get the Foreign qualified dividends portion, you will have to total it up on your own by going to the qualified dividend details, also within the 1099-COMP document.   Additionally, instead of listing out each foreign country, you can choose "RIC" as your country.  RIC stands for Regulated Investment Company, meaning that the foreign taxes were paid through a brokerage or investment account.  This will save you time and it'll simplify the foreign tax credit section of your return.
EDIT I THINK I'VE RESOLVED   The actual payment came out of Fidelity, who also issued me a W-2. So, if I enter the employer W-2 with a value of $1 and the Fidelity W-2 with the correct entries, I g... See more...
EDIT I THINK I'VE RESOLVED   The actual payment came out of Fidelity, who also issued me a W-2. So, if I enter the employer W-2 with a value of $1 and the Fidelity W-2 with the correct entries, I get the correct net in my 1040.    Line 1A is lower by $18k and line 8 is higher by $18k, but they net to the correct amount. I can easily document any challenge from the IRS and now have all W-2's paper'ed in.      I left an employer in Dec 2024.   3 months after I left, they cashed out a non-qualified plan and sent me the distributions. I did not have any actual worked 'wages' in 2025.   I have a W2 which has about $18k in box 11, and a completely blank box 1.   When I enter that as is into Turbo Tax and check my 1040, it enters -$18k on line 1a and +18k on line 8, with a total net income of $0.   This doesn't seem right to me, as presumably the non-qualified pension benefit should be taxed.    If I enter the full amount in the W-2 for box 1, it seems to look correct.    I'm going to proceed with copying the full amount from Box 11 into Box 1 for now, even though it is not on the W-2, because it seems like that generates the correct 1040..... is there any scenario in which Box 11 would not be fully taxable though?
Inherited a Qualified IRA Variable Deferred Annuity (Non Spouse) was sent paperwork, to include a W4-P,&    W4-R, I want additional tax of 24% taken out, I was advised on the form W4-P 4a to put 24%,... See more...
Inherited a Qualified IRA Variable Deferred Annuity (Non Spouse) was sent paperwork, to include a W4-P,&    W4-R, I want additional tax of 24% taken out, I was advised on the form W4-P 4a to put 24%, is that the correct spot to put it?
Yes, under the One Big Beautiful Bill Act signed in 2025, you can indeed deduct up to $25,000 of your qualified tips from your 2025 federal income tax.   The IRS specifically includes nail techni... See more...
Yes, under the One Big Beautiful Bill Act signed in 2025, you can indeed deduct up to $25,000 of your qualified tips from your 2025 federal income tax.   The IRS specifically includes nail technicians, hair stylists, and estheticians as qualifying occupations because they "customarily and regularly" receive tips.   For example, if you earned $30,000 in tips, you deduct the first $25,000 and pay regular income tax on the remaining $5,000. The deduction begins to phase-out if your Modified Adjusted Gross Income (MAGI) is over $150,000 (Single) or $300,000 (Married Filing Jointly).   A "Qualified Tip" must be voluntary (the customer must choose the amount).  Mandatory "service charges" or "auto-gratuity" added by the salon do not qualify for this deduction.   1). Before you can "deduct" qualified tips, you must first to report them as income. Enter your W-2 exactly as it appears. Your tips should be in Box 7 (Social Security tips) or Box 8 (Allocated tips). If you have unreported tips... Search for "unreported tips" in the TurboTax search bar and select "Jump to unreported tips." This will generate Form 4137 (Social Security and Medicare Tax on Unreported Tip Income) 2). Once your income is entered, TurboTax will walk you through the "No Tax on Tips" deduction section. Under Federal tab, Click on Deductions & Credits. Look for a section titled "No Tax on Tips" or "Qualified Tip Deduction" (usually under "Other Deductions and Credits"). The program will ask you to confirm the amount of "qualified tips" you received.... TurboTax will automatically calculate the deduction (up to $25,000) and place it on a new form (Schedule 1A Additional Deductions)  which then flows to your Form 1040. Note: This OBBBA law removes Income Tax on those tips, but you still have to pay Social Security and Medicare taxes (FICA or Self-Employment Tax) on them. You'll see these taxes deducted from your pay or calculated on your return.   This is a federal deduction, so you might still owe state income tax on those tips even if the federal government doesn't tax them.   Documentation is Key: If you are audited, the IRS will want to see a daily tip log... the requirement to keep accurate records has not changed.   Quick Tip: If you're self-employed and use an app like Square or GlossGenius, run a "Year-End Report" that specifically separates "Tips" from "Services" (this makes entering the numbers into TurboTax much easier).   And finally... please let us know if you have additional questions.  This is a brand new law that can have many differing scenarios that require different reporting instructions (for example, if you are self-employed).
"Having trouble" is too generic.  You should explain YOUR particular issue concerning self-employment income and expenses, and someone may be able to assist you in this forum.
Accepted only means the IRS Accepted your tax return for processing.  The IRS verified your name and ssn.  Then they process it.  Then they Approve it and send  the refund.  
I am having the same problem. I am not keying anything incorrectly. Please fix this.
Please clarify your experience so we may help you.
Getting the error Person on the Return Worksheet (name of son): Enrollmentstatus must be entered   I click fix and it takes me to the Dependent Information Worksheet -> Student Info Worksheet and I... See more...
Getting the error Person on the Return Worksheet (name of son): Enrollmentstatus must be entered   I click fix and it takes me to the Dependent Information Worksheet -> Student Info Worksheet and I answer two questions there.  It then checks again and still says the problems exits (same error) and goes back to this sheet. Basically it's a never ending loop.  This is a bug. How do I get out of it?    
And...you are not in a frat house or on a street corner.  You are posting a question to a user forum from which you need an answer from someone knowledgeable about income tax returns.   Lose the prof... See more...
And...you are not in a frat house or on a street corner.  You are posting a question to a user forum from which you need an answer from someone knowledgeable about income tax returns.   Lose the profanity.   Click the little blue dots on the upper right to edit your post to be polite and respectful of the people from whom you are seeking help.
We'd love to help you complete your tax return, but need more information. Can you please let us know what state return is this for?  Typically it's the Full Year, but if you tell us which state it's... See more...
We'd love to help you complete your tax return, but need more information. Can you please let us know what state return is this for?  Typically it's the Full Year, but if you tell us which state it's for, we can confirm.
 Yes,  I would wait and see what the IRS does.  They  usually catch that and add it in for you.  
Please explain that more.   We don't yet know exactly what you are doing.   Where are you seeing a question that says your PIN is wrong.    What screen and what kind of PIN?      Or have you alread... See more...
Please explain that more.   We don't yet know exactly what you are doing.   Where are you seeing a question that says your PIN is wrong.    What screen and what kind of PIN?      Or have you already efiled and got a rejection notice?   If so, please provide the exact rejection error code and message.
No, that’s not an exception to payment of tax on forgiven debt. 
Thanks @AmyC .  Yes, I understand why we got capped to $10k on my Sched A. Agree that Sched C should have the full amount of real estate tax.  In my case that is $35,043 . However when I entered t... See more...
Thanks @AmyC .  Yes, I understand why we got capped to $10k on my Sched A. Agree that Sched C should have the full amount of real estate tax.  In my case that is $35,043 . However when I entered that for Sched C line 11b, TurboTax flags it an error (see below) even though we're filing jointly.  I tried different amounts, and TT seems to be OK with $20,000 or under.  I double checked that we're filing "married jointly". The error is: "Schedule C - Form 8829: Line 11b SALT Amounts for real estate tax deductions are limited to a combined total of $40,000 ($20,000 if Married Filing Separately."