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4 hours ago
I'm filing my taxes, we are W2 employees and our employer offers DCAP (aka childcare flexible account). I contributed $5000 (of which I left $45.54 unused) to the DCAP and had $7349.56 eligible expen...
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I'm filing my taxes, we are W2 employees and our employer offers DCAP (aka childcare flexible account). I contributed $5000 (of which I left $45.54 unused) to the DCAP and had $7349.56 eligible expenses. Before getting to the childcare deductions, my refund was at $718, then when declaring $7349.56 in childcare expenses, my refund jumped to $1907. Turbotax is recording a $209 extra refund for concept of childcare credit, but the refund jumps $1189. My concern is that it's counting the full $7349 as deductible (or at least the $6000 max for two dependents) and it's double dipping the $4954.46 that I already claimed against my DCAP in my W2. However, turbotax does reflect $209 as a childcare refund which is the correct number $6000 - $4954.46 = $1045.54 x 20%= $209.11. I re-entered our W2 twice, re-entered childcare expenses several times, tried different browser, clear cookies, everything. Claude, Gemini and Chatgpt say it's a bug and I must call turbotax. How can I double check the math is right? If it's a actual bug, how do I get a hold on turbotax customer service? Thank you in advance.
4 hours ago
You can add a 1099-DIV here. They will be reported on your tax return on line 3. Here's how to do this in TurboTax Online: Navigate to Federal Taxes, then Wages and Income. Next, choose Inves...
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You can add a 1099-DIV here. They will be reported on your tax return on line 3. Here's how to do this in TurboTax Online: Navigate to Federal Taxes, then Wages and Income. Next, choose Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) Choose Add Investments Either import, or enter manually. To enter the 1099-DIV manually: Choose "Enter a different way" Select 1099-DIV and continue Either upload or choose "Type it in myself" Enter the information from the 1099-DIV requested in the interview
4 hours ago
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4 hours ago
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4 hours ago
If you are referring to 2025 estimates paid throughout the year, you can enter this by navigating to Deductions and Credits on the left of your screen > Deductions & Credits Summary from the pop-up ...
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If you are referring to 2025 estimates paid throughout the year, you can enter this by navigating to Deductions and Credits on the left of your screen > Deductions & Credits Summary from the pop-up list > Scroll down to Estimates and Other Taxes Paid and click to expand > Now select Estimated Tax Payments and choose the option that you want to enter (federal/state).
If you want to adjust 2026 estimates, go to Federal > Other Tax Situations > Form W-4 and Estimated Taxes.
4 hours ago
When selling online through amazon/walmart marketplaces. Is it recommended as a single member LLC to file for LLC-Scorp when generating high volume sales or stay a single member LLC?
4 hours ago
We're using Turbo Tax Deluxe desktop. MFJ Ages 64 and 62. Turbo Tax only asks if we had a HDHP for all the months of 2024 (and I filled in Self Plan for each month) not 2025. Then the $5299 and $...
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We're using Turbo Tax Deluxe desktop. MFJ Ages 64 and 62. Turbo Tax only asks if we had a HDHP for all the months of 2024 (and I filled in Self Plan for each month) not 2025. Then the $5299 and $5296 contributions do not show up as deductions for 2025 in the summary. The comparison with 2024 shows those as deductions but for 2025 it says "0". In the Federal Review it has approximately $10,000 less deductions for 2025 as opposed to 2024, so it seems like that is the problem, when everything is about the same as last year.
4 hours ago
4 hours ago
I am using Turbotax Online this year, while entering schedule K-1 information, it's not asking for boxes J, K1-K4, L etc. I used Turbotax Desktop for 2024 filing and it did ask for these information....
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I am using Turbotax Online this year, while entering schedule K-1 information, it's not asking for boxes J, K1-K4, L etc. I used Turbotax Desktop for 2024 filing and it did ask for these information. Are these information not used? I imported 2024 filing into 2025 Turbotax Online. 2025 Schedule K-1 Below are the 2 related entries from 2024 Turbotax Desktop, 2025 turbotax online is not showing me any similar screens to enter these information. Is it because of importing 2024 filing?
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4 hours ago
When Box 2a (Taxable amount) is less than Box 1 (Gross distribution), it means a portion of the money you received is nontaxable. This usually happens because you already paid taxes on some of the mo...
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When Box 2a (Taxable amount) is less than Box 1 (Gross distribution), it means a portion of the money you received is nontaxable. This usually happens because you already paid taxes on some of the money in that account (your "basis").
4 hours ago
I think maybe the issue is that for box 20, code z, my K1 has W2 wages that are negative! I don't know what that means as I am a passive investor in this business. So technically the coop payments ...
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I think maybe the issue is that for box 20, code z, my K1 has W2 wages that are negative! I don't know what that means as I am a passive investor in this business. So technically the coop payments of "0" (which automatically appeared - I did not manually enter the "0") are greater than the W2 wages of "-976". But if there aren't any coop payments from this business that I can see, I am not sure what other number I can put there as it is asking me to correct the "0."
4 hours ago
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work ...
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To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button
On Federal estimated taxes for 2025 (Form 1040-ES), click the start button
Federal estimated taxes paid are entered on Form 1040 Line 26
4 hours ago
how do i enter buy/sales dates for short term activity on one stock?
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4 hours ago
That's ok. Enter the 1099R exactly as shown. My 1099R 2a is less than box 1 by the amount in box 5.
4 hours ago
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4 hours ago
Yes, you can itemize deductions on the Oregon state tax return and keep the standard deduction on the federal tax return.
4 hours ago
what is needed to get rebate on electric vehicle?
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