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yesterday
So after grouping the donations with some being over $500 and listing them as household items and following the same as in years past, Turbo tax is forcing me to enter the following on the worksheets...
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So after grouping the donations with some being over $500 and listing them as household items and following the same as in years past, Turbo tax is forcing me to enter the following on the worksheets for each of the grouped donations that totaled over $500. I bypassed this during the smart check since the actual form filed with IRS matches last year. However, turbotax will not process my efile and instead tells me if I don't add information I can mail in my taxes. Any idea how to get this to efile? 1. Date Donated Property was acquired 2. How Donated Property was acquired 3. Cost/adjusted basis
yesterday
TurboTax calculates basis in case the distribution was not qualified. Since it doesn't know for certain you are finished with the interview, it’s trying to fill out Form 8606 in the background.
S...
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TurboTax calculates basis in case the distribution was not qualified. Since it doesn't know for certain you are finished with the interview, it’s trying to fill out Form 8606 in the background.
Since you don't have the original records from 20 years ago, you can enter the full distribution amount ($9,256.20) as the total contributions prior to 2025. By telling TurboTax the basis/contributions are equal to the amount she took out, the software sees $0 in taxable earnings. Since the distribution is qualified anyway, this results in the correct tax treatment ($0 tax) without requiring you to hunt for decades-old bank statements.
yesterday
Please clarify what you are trying to remove from your tax return. Are you trying to enter a Form 1095-A?
yesterday
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yesterday
Not sure your response can help, but I'll give you more info. You are correct, I entered dates in itsdeductible - no different than this year with deductible duck You are correct, I purchased the i...
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Not sure your response can help, but I'll give you more info. You are correct, I entered dates in itsdeductible - no different than this year with deductible duck You are correct, I purchased the items through out my life. You are correct, these clothes and household items didn't appreciate in value. Last year I used itsdeductible to record, value, and import goodwill donations of multiple trips, some of which were higher and some lower than $500 This year I had to purchase a separate software to record the dates, and value the items. I entered these into turbo tax as grouped items by dontation date as you and other experts have reccommended. But this year, without itsdeductible I am not able to efile and need to print and mail my returns because TT is treating these group donations differently than it did when I used itsdeductible. Why is that and what would you recommend in order to efile.
yesterday
if the standard deduction exceeds your itemized deductions, TurboTax should use this and not submit Schedule A which means there's no need to delete the itemized deductions info.
yesterday
Filing my 2025 return and did not notice any fixes by TurboTax for this issue. Has anyone found a way / workaround to record such income from 1099-B as non-taxable by NJ state? Thanks.
yesterday
I'm not sure what you mean by "regular overtime." If you were paid for overtime at the same hourly rate as your regular pay, you are not eligible for the deduction for overtime. The deduction for ove...
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I'm not sure what you mean by "regular overtime." If you were paid for overtime at the same hourly rate as your regular pay, you are not eligible for the deduction for overtime. The deduction for overtime is only for the additional "half" rate when you are paid time and a half, or more, for overtime. For example, if your regular pay is $20 per hour and you are paid $30 per hour (time and a half) for overtime, you can deduct only the extra $10 per hour. There is no deduction for the basic $20 per hour regular rate, even if it's for overtime.
yesterday
did the marketplace issue a corrected 1095-A? then you enter nothing and you should be able to e-file. if not and you e-file it will probably be rejected. you'll have to mail your return with a copy ...
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did the marketplace issue a corrected 1095-A? then you enter nothing and you should be able to e-file. if not and you e-file it will probably be rejected. you'll have to mail your return with a copy of the letter. make sure you retain a copy of the letter and use a tracking method for the return.
yesterday
there is a tax payment worksheet where you can enter this withholding. The issue you face is whether the iRS has a record of this. If not, most likely the IRS will disallow it. You should check the i...
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there is a tax payment worksheet where you can enter this withholding. The issue you face is whether the iRS has a record of this. If not, most likely the IRS will disallow it. You should check the iRS records because even if you did not get anything showing the withholding, whoever withheld the taxes should have filed a form with the iRS- check the wage and income transcript
https://www.irs.gov/individuals/transcript-types-for-individuals-and-ways-to-order-them
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.
yesterday
last year it was filed as a 1099 g and I didn't have any issues but this year I'm completely lost and don't want to get in trouble for misreporting. thanks!
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yesterday
how to fix my agi
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yesterday
Got same letter from IRS . Best solution , down load the 5695 form from irs website and hand fill it in and send though irs.gov/connect .
yesterday
Yes. You can go through the interview and remove the entries you've made. However, that may be tedious, so I recommend manually selecting to use the itemized deduction instead.
If you want to m...
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Yes. You can go through the interview and remove the entries you've made. However, that may be tedious, so I recommend manually selecting to use the itemized deduction instead.
If you want to manually switch, here's how, from How do I change from the standard deduction to itemized (or vice-versa)?
"Go to the screen: Based on what you told us, [either Standard Deduction or Itemizing deductions] is right for you, and select Change my deduction. (Instead of using the link, you can also manually navigate to Federal > Deductions & credits > Deductions & credits Summary > Continue > If applicable, continue through any summaries> Now you will arrive at Itemizing/ standard deduction summary screen.)
On the Which deduction do you want to take this year? popup, you'll see the dollar value of each deduction type.
Select the type of deduction you want and Continue."
yesterday
1 Cheer
The $1,500 and $750 add-backs on your South Carolina returns are not errors. They are mandatory adjustments because South Carolina does not conform to the increased federal standard deduction amounts...
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The $1,500 and $750 add-backs on your South Carolina returns are not errors. They are mandatory adjustments because South Carolina does not conform to the increased federal standard deduction amounts enacted by the federal One Big Beautiful Bill Act (OBBBA) in mid-2025.
South Carolina uses your Federal Taxable Income as the starting point for its own tax calculations. Because your federal taxable income was reduced by a higher standard deduction than what South Carolina allows, you must "add back" the difference to reach the correct state taxable income.
See South Carolina Information Letter #26-4.
yesterday
I called the health insurance marketplace and reported the fraud.
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yesterday
Are you in the Online version or the Desktop program? In the Desktop program search is at the top all the time.
yesterday
Has TurboTax made any fixes in their software to enable Accrued Market Discount on Form 1099-B to be marked as non-taxable for state taxes, if this related to US Treasury bills and bonds?