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yesterday
You do not enter that W-2 as a separate W-2. Think of it as a continuation, or page 2 of the W-2 with income reported in box 1. If you have two or more states, you just add a state at the bottom of...
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You do not enter that W-2 as a separate W-2. Think of it as a continuation, or page 2 of the W-2 with income reported in box 1. If you have two or more states, you just add a state at the bottom of the entry screen after entering the first state.
yesterday
The interest that you received for your business must be reported on your business tax return. If you have a sole proprietor, it will be reported on your Schedule C. If it's a different type of busi...
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The interest that you received for your business must be reported on your business tax return. If you have a sole proprietor, it will be reported on your Schedule C. If it's a different type of business entity, it will be reported on that tax return.
yesterday
How do you find out if there is a problem with my taxes filed?
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yesterday
The program probably sees "Rents" in Box 1 of the 1099-MISC and assumes you are running a rental business (this can trigger self-employment taxes).
The 1099-S ($9,475) is for the permanent part...
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The program probably sees "Rents" in Box 1 of the 1099-MISC and assumes you are running a rental business (this can trigger self-employment taxes).
The 1099-S ($9,475) is for the permanent part of the deal (the land they took for the circle... treated as a "sale" of property). You report this on Schedule D (Capital Gains).
The 1099-MISC ($25) is likely for a Temporary Construction Easement (TCE). The NC DOT "rented" a small slice of your yard for a few months (e.g., to park a bulldozer or move dirt). Per IRS rules, temporary easements are technically rental income.
Instead of entering the 1099-MISC under the "Rental Property" section, enter it as Miscellaneous Income so it doesn't trigger Schedule E or self-employment.
Open or continue your return.
Under Federal tab, Click on Wages & Income.
Scroll down to Less Common Income, and Select Miscellaneous Income, 1099-A, 1099-C.
Choose Other reportable income.
Enter "NC DOT Temporary Easement" (for the description), and $25 (for the amount).
The Offset: If you want to zero it out (because the payment actually reduces your property's "basis" rather than being pure profit), add a second entry "Basis adjustment for easement" (for the description) and enter "-$25" (in that same section). This nets the income to $0.
If you have already entered the 1099-MISC and the program is asking you business questions (e.g., "What is your business name?"), delete that 1099-MISC entry entirely. Then, re-enter it under "Other Reportable Income" (above)
Note: Make sure you enter the 1099-S in the "Sale of Main Home" or "Investment Sales" section. If this was your main residence, you can usually offset that entire $9,475 with your home's original cost basis, resulting in $0 tax for that portion.
yesterday
Go to Tax Home > My Info In My Info, you should see Your dependents listed under "Your household" Let me know if that's what you were looking for!
yesterday
If you've already entered your personal information, review your entries to help ensure that TurboTax will help you create the correct part-year tax returns.
Go to the Personal profile scre...
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If you've already entered your personal information, review your entries to help ensure that TurboTax will help you create the correct part-year tax returns.
Go to the Personal profile screen.
Under Your info, select your Name and select Edit.
Continue to the Let's check for some other situations screen.
On the line for I lived in another state:
Check the box.
Select your previous state of residence.
Enter the date you became a resident of your new state.
If the rest of your information is accurate, select Continue.
After you complete your federal tax return and you move to the State Taxes sections, both of your part-year state returns will be listed. Prepare the state that you moved from first, then the state that you live in.
Please visit this TurboTax Help articles How do I file a part-year state return? and How do I allocate (split) income for a part-year state return? for further explanation.
yesterday
@user17755188711 wrote: Premium service was automatically added. No way to decline!!! I have filed a complaint with Better Business Bureau. If you are a California filer and chose to pay th...
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@user17755188711 wrote: Premium service was automatically added. No way to decline!!! I have filed a complaint with Better Business Bureau. If you are a California filer and chose to pay the state efile fee out of the Federal refund, that will add Premium Services bundle for $45 fee. That bundle includes the "pay out of refund" option, Audit Defense, and some ID theft monitoring/restoration services. The way to remove Premium Services bundle and the $45 fee is to go ahead and pay by credit/debit card instead of paying out of your refund. Once you pay by card, that should remove the Premium Services fee. However, if you already filed (I can't tell for sure from the above), then it's too late to pay by card.
yesterday
How can i change the Not valid for employment status for each of us?
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yesterday
No. The Enhanced Deduction for Seniors of $6,000 is automatically added to a return if the taxpayer and/or spouse meet the age requirement of 65 or older as of December 31. The deduction is separat...
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No. The Enhanced Deduction for Seniors of $6,000 is automatically added to a return if the taxpayer and/or spouse meet the age requirement of 65 or older as of December 31. The deduction is separate from, and in addition to the Standard Deduction or Itemized Deduction. It is calculated on Form 1040 Schedule 1-A, Page 2 Part V. The deduction phases out if your Modified Adjusted Gross Income (MAGI) exceeds $75,000 if single, and $150,000 married filing jointly. It is fully phased out at $150,000 and $250,000 for Single & MFJ, respectively.
yesterday
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yesterday
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yesterday
My return was rejected due to the 5 digit PIN missing for the first taxpayer. The email from TurboTax said I could go into my file and fix it. But, my federal file is not there and there are no instr...
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My return was rejected due to the 5 digit PIN missing for the first taxpayer. The email from TurboTax said I could go into my file and fix it. But, my federal file is not there and there are no instructions on how to proceed. I thought TurboTax did an analysis and said everything was correct. If that PIN was missing, why didn't TurboTax see that?
yesterday
I received check in 2025 for Federal Crop Disaster Relief that applies to crops grown in 2024. Can I do amended 2024 return and apply the payments for 2024 year?
yesterday
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yesterday
Thanks for replying David. I live in a Co Operative building in Manhattan. How would I get the property tax bill or tax assessment as a Share Holder in the Co Operative? Assuming once I get it I w...
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Thanks for replying David. I live in a Co Operative building in Manhattan. How would I get the property tax bill or tax assessment as a Share Holder in the Co Operative? Assuming once I get it I would need the total # of shares to determine % allocated to me to then get my portion of the Land Value of the entire building? right? Appreciate your help!
yesterday
A CP5071 letter means the IRS needs you to verify your identity before they will finish processing your tax return. This is usually to prevent fraud. You should follow the instructions in the letter....
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A CP5071 letter means the IRS needs you to verify your identity before they will finish processing your tax return. This is usually to prevent fraud. You should follow the instructions in the letter.
Understanding your CP5071 series notice
yesterday
I keep getting an error that doesn't link to anything - seems like it may be because i started this but cannot delete it. (No trash can next to it)
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yesterday
Desktop Turbo Tax Home and Business 2025
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