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Monday
If you are still having trouble with your log in issues then contact support.
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/...
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If you are still having trouble with your log in issues then contact support.
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
Monday
@user17549315027 Please stop attempting to post phone numbers, etc. in this public user forum. Anyone using the internet can see your posts, and scammers and identity thieves love to troll here so ...
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@user17549315027 Please stop attempting to post phone numbers, etc. in this public user forum. Anyone using the internet can see your posts, and scammers and identity thieves love to troll here so that they can pretend to call you from TurboTax. Luckily the filter removed most of it except for your name. You can edit out your name by going to the three blue dots on the upper right.
UPDATE MY ACCOUNT
https://ttlc.intuit.com/community/account-updates/help/how-do-i-update-my-turbotax-account-information/00/25927
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
See this TurboTax support FAQ for amending a tax return -
CURRENT YEAR
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
Monday
need to amend 2024 tax. been using TT for years but going in circles trying to login. Keeps bringing up quicken which i don't use anymore. Ralph Bredahl 1369 [phone number removed] [email addres...
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need to amend 2024 tax. been using TT for years but going in circles trying to login. Keeps bringing up quicken which i don't use anymore. Ralph Bredahl 1369 [phone number removed] [email address removed] When it sends out the 6 digits it sends to [phone number removed] correct is ******73 last 4 is 5369
Topics:
Monday
AMERICAN OPPORTUNITY TAX CREDIT
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/eligible-take-american-opportunity-tax-credit/L8ZQFKvLe_US_en_US?uid=m6efibfz
...
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AMERICAN OPPORTUNITY TAX CREDIT
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/eligible-take-american-opportunity-tax-credit/L8ZQFKvLe_US_en_US?uid=m6efibfz
AOC will be shown on line 29 of your Form 1040
https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit
Monday
Oh---wait-----you are about to make a mistake. At age 20, she is a qualified child dependent. There is not a "choice" about saying she cannot be claimed on her own return. The rules is that if ...
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Oh---wait-----you are about to make a mistake. At age 20, she is a qualified child dependent. There is not a "choice" about saying she cannot be claimed on her own return. The rules is that if she CAN be claimed, she must say on her own return that someone else can claim her. If she already filed that way, then leave her return alone. If she has not yet filed, then in MY INFO she must say that someone else can claim her as a dependent.
The education credit goes on YOUR return---not on the dependent student's return. If you filed without using the education credit, then that is what you should be changing if you amend--not changing to remove your daughter as a dependent. Dependents cannot claim education credits.
WHO CAN I CLAIM AS A DEPENDENT?
You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2024 taxes as long as they meet the following requirements:
Qualifying child
They're related to you.
They aren't claimed as a dependent by someone else.
They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident.
They aren’t filing a joint return with their spouse.
They're under the age of 19 (or 24 for full-time students).
No age limit for permanently and totally disabled children.
They lived with you for more than half the year (exceptions apply).
They didn't provide more than half of their own support for the year.
Qualifying relative
They don't have to be related to you (despite the name).
They aren't claimed as a dependent by someone else.
They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident.
They aren’t filing a joint return with their spouse.
They lived with you the entire year (exceptions apply).
They made less than $5050 in 2024 (not counting Social Security)
You provided more than half of their financial support.
When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent.
Related Information:
What does "financially support another person" mean?
Monday
need to amend 2024 tax. been using TT for years but going in circles trying to login. Keeps bringing up quicken which i don't use anymore. Ralph Bredahl 1369 [phone number removed] [email addres...
See more...
need to amend 2024 tax. been using TT for years but going in circles trying to login. Keeps bringing up quicken which i don't use anymore. Ralph Bredahl 1369 [phone number removed] [email address removed] When it sends out the 6 digits it sends to [phone number removed] correct is ******73 last 4 is 5369
Monday
Need to estimate 2025 capitals gains tax
Monday
Sorry, she qualifies as your dependent. You can leave her on your return and only need to fix (not amend) her rerturn. On her return she needs to check the box under My Info that she can be claime...
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Sorry, she qualifies as your dependent. You can leave her on your return and only need to fix (not amend) her rerturn. On her return she needs to check the box under My Info that she can be claimed as a dependent. Then she can efile. Oh, she fixed that and efiled ok? Then you don't have to do anything on your return or her return. I don't know about the AOTC. @xmasbaby0
Monday
She is a full tme college student age 20. My return was accepted. Her's rejected code F1040-516-01 "PrimaryClaimAsDependent is not checked, then 'PrimarySSN' must not be the same as a Dependent SSN o...
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She is a full tme college student age 20. My return was accepted. Her's rejected code F1040-516-01 "PrimaryClaimAsDependent is not checked, then 'PrimarySSN' must not be the same as a Dependent SSN on another return filed for the same tax year". Return was then resubmitted acknowledging her as a dependent on my return and accepted. She was as a result not able to claim the AOTC tax credit. I should not have listed her as my dependent , thus I believe I would have to correct my return to avoid the same reject again. Why wouldn't I have a choice as you stated? Thank you
Monday
Hello, this is in regard to the 2023 tax year. I am a US citizen who worked part of the year (approx 6 months) in Spain as part of the Spanish government's NALCAP program. I reported the living expen...
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Hello, this is in regard to the 2023 tax year. I am a US citizen who worked part of the year (approx 6 months) in Spain as part of the Spanish government's NALCAP program. I reported the living expense stipend amount (equal to approx $3300 total over the period of time I worked there) on our Schedule 1 form as "other income." We are married filing jointly, and my husband has a substantial income from his employment with a hospital. We've now received a letter from the IRS saying that the amount on line 8z (the $3300), appears to be subject to self-employment tax. Does this sound right? Was I "self-employed" during this period of cultural exchange/language assistance in Spain? If so, how should I calculate that? Many thanks!
Monday
We have a whole life insurance policy that has been paid into since 2009. We took small loans out and based on the advice of our insurance salesman we have not made repayments of the loans. Now wit...
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We have a whole life insurance policy that has been paid into since 2009. We took small loans out and based on the advice of our insurance salesman we have not made repayments of the loans. Now with interest the loan balance has grown to $70k and our Cash value is $85k. The insurance company has told us we could surrender the policy and received the remaining cash value after the loan is paid off approximately $11K after fees. Will we be taxed on the full $85K or only on the $11K payout?
Monday
likely didn't answer the 1099-R input follow-up interview questions correctly to make sure it's classified as a IRA conversion, suggest going back over those interview questions. Here are the instru...
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likely didn't answer the 1099-R input follow-up interview questions correctly to make sure it's classified as a IRA conversion, suggest going back over those interview questions. Here are the instructions to follow on how to input a backdoor Roth https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US?uid=me7bdm9t
Monday
1 Cheer
these are from the instruction so sometimes the form must be filed even if the AMT tax is zero. see if any apply.
I wouldn't worry even if not required.
Who Must File Attach Form 6251 to your r...
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these are from the instruction so sometimes the form must be filed even if the AMT tax is zero. see if any apply.
I wouldn't worry even if not required.
Who Must File Attach Form 6251 to your return if any of the following statements are true. 1. Form 6251, line 7, is greater than line 10. 2. You claim any general business credit, and either line 6 (in Part I) of Form 3800 or line 25 of Form 3800 is more than zero. 3. You claim the qualified electric vehicle credit (Form 8834), the personal-use part of the alternative fuel vehicle refueling property credit (Form 8911), or the credit for prior year minimum tax (Form 8801). 4. The total of Form 6251, lines 2c through 3, is negative and line 7 would be greater than line 10 if you didn’t take into account lines 2c through 3
Monday
Hello, this is in regard to the 2023 tax year. I am a US citizen who worked part of the year (approx 6 months) in Spain as part of the Spanish government's NALCAP program. I reported the living expen...
See more...
Hello, this is in regard to the 2023 tax year. I am a US citizen who worked part of the year (approx 6 months) in Spain as part of the Spanish government's NALCAP program. I reported the living expense stipend amount (equal to approx $3300 total over the period of time I worked there) on our Schedule 1 form as "other income." We are married filing jointly, and my husband has a substantial income from his employment with a hospital. We've now received a letter from the IRS saying that the amount on line 8z (the $3300), appears to be subject to self-employment tax. Does this sound right? Was I "self-employed" during this period of cultural exchange/language assistance in Spain? If so, how should I calculate that? Many thanks!
Topics:
Monday
1 Cheer
always save a pdf of each year's returns. best is to save a copy on your personal computer and a second copy on a removable drive. Many threads on this forum about drives going bad making the returns...
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always save a pdf of each year's returns. best is to save a copy on your personal computer and a second copy on a removable drive. Many threads on this forum about drives going bad making the returns unrecoverable so having a copy on a second drive is advisable. Another reason is that Turbotax only supports the current and 3 prior years tax files. After the filing season officially ends for a year, shortly after it ceases support for the 3rd prior year. After that the 3rd prior year tax file can no longer be open
Monday
A 1099-NEC is used to pay an independent contractor. This might be appropriate if you bartended a wedding as a side gig, whether or not it is you usual job. However, if you worked in a bar at a fix...
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A 1099-NEC is used to pay an independent contractor. This might be appropriate if you bartended a wedding as a side gig, whether or not it is you usual job. However, if you worked in a bar at a fixed location according to their schedule and rules, you were probably an employee and they are paying you incorrectly (and cheating you out of taxes and benefits) by giving you a 1099 instead of paying you by regular paycheck with a W-2. There is more information here, including how to file your taxes if you think you were misclassified.
https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee
Monday
The IRS will never call you. I suspect the phone number is used by Turbotax but not the IRS. Also, the address on your tax return should be where you can receive any notices or tax-related mail fro...
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The IRS will never call you. I suspect the phone number is used by Turbotax but not the IRS. Also, the address on your tax return should be where you can receive any notices or tax-related mail from the IRS. It does not have to be where you are domiciled. For example, you might use the overseas address where you live most of the time, or you might use the address of a trusted friend or relative in the US.
Monday
For education, In TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--Education Expenses and Scholarships (1098-T)
...
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For education, In TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--Education Expenses and Scholarships (1098-T)
or
--Student Loan Interest paid (form 1098-E)
For mortgage interest, in TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
-Your Home
-Mortgage Interest & refinancing (form 1098)
Monday
Couple things..... 1. You need to first find out if she still qualifies as your dependent, even if you don't claim her. You might not have a choice. Even if you don't claim her, she might have to...
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Couple things..... 1. You need to first find out if she still qualifies as your dependent, even if you don't claim her. You might not have a choice. Even if you don't claim her, she might have to file her return and check the box that says she can be claimed on someone else's return. How old is she? Is she a full time college student? 2. What exactly happened? In what order? Were both the returns efiled and both Accepted? Or did 1 return reject? Yours or hers? You only need to amend the return that was filed. Not the one that rejected. Why do you need to amend both? Did she try to claim herself and it was rejected?
Monday
Anyone knows?