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10 hours ago
I have been
trying for over 2 hours just to get going with my taxes and I am totally frustrated with this
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10 hours ago
Just providing a little more detail here for anyone wondering what the bug "looks like" when it's happening and you go to the forms view to check: * On Colorado Form 104, there is no entry or val...
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Just providing a little more detail here for anyone wondering what the bug "looks like" when it's happening and you go to the forms view to check: * On Colorado Form 104, there is no entry or value on line 9, "Other Additions, explain: ". After switching back to single state ("Multiple States") in federal, the following shows up: * On Colorado Form 104, there is now an entry on line 9, "Other Additions, explain: " that refers to "Other Mod Stmt", along with whatever total value you have for tax-exempt bonds. * There is now an "Other Mod Stmt" worksheet in the Colorado docset - the title of the worksheet itself says "Other Modifications to Federal Taxable Income Worksheet" Then, if you go back to the Federal 1099-DIV and set it back to include multiple states (Colorado + "Multiple States" as the two state-options), the form remains but is now correctly populated, and line 9 now (finally) has the correct value.
10 hours ago
Are you able to enter the Additional Property Tax and Insurance Premiums from Social Security on the screens in interview mode? If not, you may need to uninstall/reinstall TurboTax, as there may be ...
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Are you able to enter the Additional Property Tax and Insurance Premiums from Social Security on the screens in interview mode? If not, you may need to uninstall/reinstall TurboTax, as there may be corrupted files.
Be sure to save your return first.
@pogoclarke
10 hours ago
I viewed your diagnostic. Although a negative amount of -25,565 is reported in line 18, it won't make a difference because Form 1116 is not required to be filed this year because your foreign tax cr...
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I viewed your diagnostic. Although a negative amount of -25,565 is reported in line 18, it won't make a difference because Form 1116 is not required to be filed this year because your foreign tax credit was less than $300 for the year. In fact, it isn't included as a form in your return, or shouldn't be anyway.
Since you have no tax liability listed in Line 18, of your 1040, you could not utilize the tax credit this year so it is shown as a 2025 carryover on 1116 Comp Worksheet, which is a form in your return.
I would suggest ignoring this for this year. Whether Line 18 be 0 or negative number, it doesn't make a difference.
10 hours ago
Have you tried changing the estimated payment dates and amounts in Deductions and Credits under Estimates and Other Taxes Paid? This would typically be where the figures that the program used to calc...
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Have you tried changing the estimated payment dates and amounts in Deductions and Credits under Estimates and Other Taxes Paid? This would typically be where the figures that the program used to calculate the penalty would have originated.
You could also try deleting the Form 2210, Underpayment of Estimated Tax, where the penalty was calculated. If you are using TurboTax Online, see this help article and below for the steps to Delete a Form:
Open or continue your return.
On Tax Home, select Start, Continue, or Pick up where you left off to enter your return.
In the left menu, select Tax Tools and then Tools.
In the pop-up window Tool Center, choose Delete a form. (Look for any form or worksheet relating to Medical expenses.)
Select Delete next to the form, schedule, and worksheet in the list and follow the instructions.
If you are using a Desktop version of TurboTax, you can switch to Forms Mode (click on Forms at the top of the screen when you are in Step-by-Step Mode), review the list of forms on the left, then select the one you wish to delete. When the form displays, click "Delete Form" at the bottom of the screen.
10 hours ago
You can enter your form 1099-R by following the instructions in this TurboTax Help article.
10 hours ago
You still need to file FBAR. The method you used to move the money (a paper cheque vs. an electronic wire) doesn't change the fact that the money lived in a foreign financial account for part of t...
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You still need to file FBAR. The method you used to move the money (a paper cheque vs. an electronic wire) doesn't change the fact that the money lived in a foreign financial account for part of the year.
10 hours ago
The travel and business meal expenses would be added to your startup costs if they occurred in the year before you were open for business. You are correct, meals are only deductible at a rate of 50%,...
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The travel and business meal expenses would be added to your startup costs if they occurred in the year before you were open for business. You are correct, meals are only deductible at a rate of 50%, so you would take 50% of your qualifying meals and add them to your start-up expenses. The 2024 business mileage rate was $0.67 per mile.
10 hours ago
@vlb wrote: Yes, and...? I worked at Apple for 12 years. ......and we're talking about Apple, a company with close to a $4 trillion market cap versus Intuit with a little over $110 billion....
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@vlb wrote: Yes, and...? I worked at Apple for 12 years. ......and we're talking about Apple, a company with close to a $4 trillion market cap versus Intuit with a little over $110 billion. Also, there's a huge difference between the two re price points of goods and services to consumers. Apple's products involve fairly large expenditures by customers thereof (primarily hardware) whereas TurboTax's desktop software represents chump change to Intuit (it's less than 5% of gross revenue and going downnnnnnnnnn..........). That's the "Yes, and.....?"
10 hours ago
I just realized that lines 1a, 2a, and 3a are about state income taxes, not medical expenses (look at the very bottom of Schedule A). I can't see your return, of course, but I was wondering if this h...
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I just realized that lines 1a, 2a, and 3a are about state income taxes, not medical expenses (look at the very bottom of Schedule A). I can't see your return, of course, but I was wondering if this helped you anyway in understanding the issue.
10 hours ago
@user17746337825 Not sure what PDF viewer you are using....but.. The Print process on my Acrobat PDF reader, allows me to select printing the page to: Fit Shrink Oversize pages Actual Siz...
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@user17746337825 Not sure what PDF viewer you are using....but.. The Print process on my Acrobat PDF reader, allows me to select printing the page to: Fit Shrink Oversize pages Actual Size or Customs Size the printed page by some % ______________ Try printing one page at a time using (perhaps) either the FIT setting, or perhaps the Custom % (95% or 90%) until you get it all OK. Then print all the pages at that setting.
10 hours ago
on for my taxs
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10 hours ago
Turbotax home and business desktop refers to form IT-203 from 2024, Lines 50 and 55 and 60,61. Nothing there The TurboTax screen says: "Report Information From 2024" Review your copy of your 2024 ...
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Turbotax home and business desktop refers to form IT-203 from 2024, Lines 50 and 55 and 60,61. Nothing there The TurboTax screen says: "Report Information From 2024" Review your copy of your 2024 New York return, and enter the following information. Total Tax From 2024 (Form IT-203, total of lines 50 and 55) Total Credits Claimed From 2024 (Form IT-203, total of lines 60 and 61) But total taxes are on lines 58,59 and total credits are on line 66 Please, help
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10 hours ago
The Canadian Retirement account was cashed out and received a paper cheque which was brought straight into US bank. There was no deposit from Canadian Retirement acct to Canadian bank. Still need FBA...
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The Canadian Retirement account was cashed out and received a paper cheque which was brought straight into US bank. There was no deposit from Canadian Retirement acct to Canadian bank. Still need FBAR?
11 hours ago
to clarify I meant 1099s you enter into Turbotax are not part of your return that is sent to IRS, only the end result in terms of tax forms. IRS already has the 1099s from the financial institutions.
11 hours ago
Because you are not being audited.
Go to this IRS website for information about audits - https://www.irs.gov/businesses/small-businesses-self-employed/irs-audits
11 hours ago
1 Cheer
Line 18 is taxable, it looks like you are missing the non-deductible IRA contribution entry. The link below has the detailed instructions for both steps. To verify step one was done correctly >> ...
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Line 18 is taxable, it looks like you are missing the non-deductible IRA contribution entry. The link below has the detailed instructions for both steps. To verify step one was done correctly >> Go to the Traditional IRA and Roth IRA screen,
check the Traditional IRA box and select Continue.
On the Is This a Repayment of a Retirement Distribution? screen, select No.
On the Tell Us How Much You Contributed screen, enter the amount contributed and select Continue.
On the Did You Change Your Mind? screen, select No, then answer the questions on the following screens.
When you reach the Choose Not to Deduct IRA Contributions screen: (see Note)
Select Yes, make part of my IRA contribution nondeductible.
Enter the amount you contributed.
Select Continue.
Note: If none of your contribution can be deducted, you won't see the option to make part of it nondeductible. Instead, you'll see the message Income Too High To Deduct an IRA Contribution, and the full amount of your contribution will automatically be nondeductible.
On the Your IRA Deduction Summary screen, review the info and select Continue.
How do I enter a backdoor Roth IRA conversion?
It is tracked on Form 8606 and it is on the IRA Information Worksheet .
11 hours ago
Yes, that is fine!