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yesterday
Follow these navigating steps to enter self-employment income without a form 1099-NEC:
(See also- FAQ)
If your self-employment income was only from cash, personal checks, credit card payments,...
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Follow these navigating steps to enter self-employment income without a form 1099-NEC:
(See also- FAQ)
If your self-employment income was only from cash, personal checks, credit card payments, or cryptocurrency
Open or continue your return.
Navigate to the Schedule C section:
TurboTax Online/Mobile: Go to the Schedule C screen under Wages & Income.
TurboTax Desktop:
Go to Federal Taxes.
Go to Wages & Income.
Under Business Items, select Start or Update next to Business Income and Expense (Sch C).
Answer Yes on the Did you have any self-employment income or expenses? screen.
If you land on the Your 2025 self-employed work summary page, select Review next to the work you're adding income for.
Answer the questions on the following screens until you arrive at Let's enter the income for your work.
Select Other self-employed income and select Continue.
On the next page you can enter any cash, personal checks, credit card payments, or cryptocurrency (Form 1099-K) related to your self-employment.
Learn more: TurboTax - What self-employed expenses can I deduct?
yesterday
You cannot do this on your own return. You will need to file a separate return for your child.
yesterday
If it is only the PDF that is corrupted, that is usually an issue with the writer and can be corrected by re-creating the PDF from the software. It is unlikely to be the reason for the return to ...
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If it is only the PDF that is corrupted, that is usually an issue with the writer and can be corrected by re-creating the PDF from the software. It is unlikely to be the reason for the return to be rejected. What is the rejection code and message that you received relative to the rejection? @TheTallestOne
yesterday
Your program is a lot of diferent than earlier ones I had used, please follow the old way and put in my computer
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yesterday
Q. Is this a fault in the program?
A. Yes. it's broken and hard to use when it wasn't broken.
The 1099-Q is only an informational document. The numbers on it are not required to be entered o...
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Q. Is this a fault in the program?
A. Yes. it's broken and hard to use when it wasn't broken.
The 1099-Q is only an informational document. The numbers on it are not required to be entered onto your (or your student's) tax return. The interview is complicated and it's easy to make mistakes. Avoid it if you can and you probably can.
You can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records (you don’t need it). You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. You also cannot count expenses that were paid by tax free scholarships.
References:
On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."
IRS Pub 970 states: “Generally, distributions are tax free if they aren't more than the beneficiary's AQEE for the year. Don't report tax-free distributions (including qualifying rollovers) on your tax return”.
"IRS Publication 970, Tax Benefits for Education states: If the entire 1099-Q went to qualified expenses, room and board, tuition, etc; then, you do not need to enter the form."
If you have a situation where you need to report taxable earnings, reply back, with some details, for a workaround.
__________________________________________________________________________________________
General Discussion on 529 plan distributions
It’s complicated.
For 529 plans, there is an “owner” (usually the parent), and a “beneficiary” (usually the student dependent). The "recipient" of the distribution can be either the owner or the beneficiary depending on who the money was sent to. When the money goes directly from the Qualified Tuition Plan (QTP) to the school, the student is the "recipient". The distribution will be reported on IRS form 1099-Q. The 1099-Q gets reported on the recipient's return.** The recipient's name & SS# will be on the 1099-Q. Even though the 1099-Q is going on the student's return, the 1098-T should go on the parent's return, so you can claim the education credit. You can do this because he is your dependent.
You can and should claim the tuition credit before claiming the 529 plan earnings exclusion (unless your income is too high). The American Opportunity Credit (AOC or AOTC) is 100% of the first $2000 of tuition and 25% of the next $2000 ($2500 maximum credit). The educational expenses he claims for the 1099-Q should be reduced by the amount of educational expenses you claim for the credit. Room and board (R&B) are also qualified expenses for the 529 distribution, but not the AOC (R&B are also not qualified expenses for a scholarship to be tax free). But be aware, you can not double dip. You cannot count the same tuition money, for the tuition credit, that gets him an exclusion from the taxability of the earnings (interest) on the 529 plan. Since the credit is more generous; use as much of the tuition as is needed for the credit and the rest for the interest exclusion. Another special rule allows you to claim the tuition credit regardless of whose money was used to pay the tuition. In addition, there is another rule that says the 10% penalty is waived if he was unable to cover the 529 plan withdrawal with educational expenses either because he got scholarships or the expenses were used (by him or the parents) to claim the credits. He'll have to pay tax on the earnings, at his lower tax rate (subject to the “kiddie tax”), but not the penalty.
Total qualified expenses (including room & board) less amounts paid by scholarship less amounts used to claim the Tuition credit equals the amount you can use to claim the earnings exclusion on the 1099-Q. Example: $10,000 in educational expenses (including room & board)
-$3000 paid by tax free scholarship***
-$4000 used to claim the American Opportunity credit
=$3000 Can be used against the 1099-Q (on the recipient’s return)
Box 1 of the 1099-Q is $5000
Box 2 is $2800
3000/5000=60% of the distribution is qualified, so 40% of the earnings are taxable
40% x 2800= $1120
There is $1120 of taxable income (on the recipient’s return)
**Alternatively; you can just not report the 1099-Q, at all, if your student-beneficiary has sufficient educational expenses, including room & board (even if he lives at home) to cover the distribution. You would still have to do the math to see if there were enough expenses left over for you to claim the tuition credit. Again, you cannot double dip! When the box 1 amount on form 1099-Q is fully covered by expenses, TurboTax will enter nothing about the 1099-Q on the actual tax forms. But, it will prepare a 1099-Q worksheet for your records, in case of an IRS inquiry.
On form 1099-Q, instructions to the recipient reads: "Nontaxable distributions from CESAs and QTPs are not required to be reported on your income tax return. You must determine the taxability of any distribution."
***Another alternative is have the student report some of his scholarship as taxable income, to free up some expenses for the 1099-Q and/or tuition credit. Most people come out better having the scholarship taxable before the 529 earnings. A student, with no other income, can have up to $15,750 of taxable scholarship (in 2025) and still pay no income tax.
yesterday
Here are some possible solutions to your issue:
First, make sure you have the correct version and the latest version of TurboTax installed. If your code is for TurboTax Desktop then the cod...
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Here are some possible solutions to your issue:
First, make sure you have the correct version and the latest version of TurboTax installed. If your code is for TurboTax Desktop then the code will not work for TurboTax Online and the other way around.
Make sure that the license code from the confirmation email, not a receipt number, the code is 16 digits.
Copy and paste the 16-digit code directly from your email to avoid manual entry errors
Temporarily disable firewalls, antivirus, or VPNs, as they can block the activation server
Right-click the TurboTax icon and select "Run as administrator"
If these fail you will need to contact TurboTax.
yesterday
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yesterday
You might review the QBI questions for each property to see what you entered on the page "Name and Employer ID number for this rental." Your business name should be different for each property, even ...
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You might review the QBI questions for each property to see what you entered on the page "Name and Employer ID number for this rental." Your business name should be different for each property, even if you simply add a number after the name. Ex: Rental1, Rental2. Note that QBI questions appear after you click Done from the Rental Property summary page.
Then run Final Review again to see if the message has been resolved. If not, you should be able to find the QBI worksheet that will link to each property.
yesterday
hello. do I need to attach Statement of Election to Treat Nonresident Alien Spouse as U.S Resident for 1040X amendment even I submit one with 2025 tax return.
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yesterday
Some TurboTax Desktop customers may receive multiple prompts to activate their license, which results in TurboTax not launching. One of the five suggested methods in this help article should resolve ...
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Some TurboTax Desktop customers may receive multiple prompts to activate their license, which results in TurboTax not launching. One of the five suggested methods in this help article should resolve this issue. If it's successful, TurboTax will skip activation and open the starting screen where you can begin or continue your return.
To install TurboTax:
Go to InstallTurboTax.com.
Select your product.
Select your operating system.
Locate and select your Download file to start the installation process.
Accept the TurboTax License Agreement.
Your product should automatically install after accepting the license agreement.
Directions to activate the installed product continue in this help article.
You can also try following the steps at this TurboTax webpage to activate your product based on your specific Desktop version and operating system.
If you are still hung up at the Activation step:
Try restarting your device.
Try clearing your cache and cookies.
If after trying all of the options mentioned you still have the same problem:
See this help article and this one for instructions on how to contact TurboTax customer support depending on which product you are using.
yesterday
I'm also experiencing this. I submitted the return as well and it got rejected from Federal while also having the save files being corrupted. They're not on a cloud drive and I have a PDF file in add...
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I'm also experiencing this. I submitted the return as well and it got rejected from Federal while also having the save files being corrupted. They're not on a cloud drive and I have a PDF file in addition to the tax2025 file extension file. Why would the PDF be corrupted and is this corruption why the return got rejected?
yesterday
You can view or print your SC return as follows:
For TurboTax Online:
Open your return
Select Tax Tools then Print Center
Select Print, save or preview this year's return
Chec...
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You can view or print your SC return as follows:
For TurboTax Online:
Open your return
Select Tax Tools then Print Center
Select Print, save or preview this year's return
Check the boxes to indicate your federal and state returns
Click on "View or Print Forms"
Your Filing Instruction Sheet should be the first page
In TurboTax Desktop:
Switch to Forms Mode by clicking on "Forms" in the blue bar at the top right of your screen
In your left panel scroll down to the bottom of your list of forms
yesterday
Thank you very much! It is from the same employer and the same city. I think it was from a settlement payment (others' settlement). Should I add that SDI amount to the other W-2's SDI?
yesterday
If I need an IP pin her how do I get one? I have requested one for myself, do I need a separate IRS account for her?
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yesterday
I saw many posts on Efile error code 54. ANy update or solution available ? I am still seeing this when I try to E-File.
yesterday
During the final review, I'm getting an error since box 6 acquisition cost is 13.39 and box 11 tax free oid is 9.87. How do I update what TT requires? It says to update schedule A but A points back...
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During the final review, I'm getting an error since box 6 acquisition cost is 13.39 and box 11 tax free oid is 9.87. How do I update what TT requires? It says to update schedule A but A points back to the same OID forms...
yesterday
To enter your US Military Retired Pay income from Defense Finance and Accounting Service (Form DFAS-CL) in TurboTax Online, go to the Wages & Income section. Look for the category labeled Military...
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To enter your US Military Retired Pay income from Defense Finance and Accounting Service (Form DFAS-CL) in TurboTax Online, go to the Wages & Income section. Look for the category labeled Military Retirement Pay or Pensions and Annuities (Form 1099-R). Even if you didn't receive a Form 1099-R, military retired pay is generally reported similarly. If there's no option for DFAS-CL or a non-1099 retired pay, use the Add Other Income or Other Taxable Income section to enter the total retired pay as income. This ensures your military retired pay is included correctly even without a 1099 form, as the income is taxable and must be reported.
yesterday
It usually saves the user a lot of time reentering information if you can transfer information entered in your 2024 return, especially if you have carryover issues like depreciation. If you have a ve...
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It usually saves the user a lot of time reentering information if you can transfer information entered in your 2024 return, especially if you have carryover issues like depreciation. If you have a very simple return, and different sources of income than you did in 2024, it may not make too much difference.
If you have any of the login information from your 2024 account, such as the user ID, try the TurboTax account recovery tool to access your account. Use the "try something else" link at the bottom of the screen to user other forms of information to identify the account if just a phone number or email address don't work.
Once you get into last year's account, and start a 2025 return, TurboTax will populate with information about income and deductions you used last year.
See this help article for more information.
yesterday
Yes there are many different 1099 forms. It should say like 1099NEC or 1099Misc or 1099R or 1099G etc. What did you get it for?