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DoninGA

See this for the Fair Market Value Tool for donations - https://ttlc.intuit.com/turbotax-support/en-us/help-article/charitable-donations-deductions/use-fair-market-value-fmv-tool-enter-donations

roxanne-ballard

DoninGA

Use the IRS tax withholding estimator - https://www.irs.gov/individuals/tax-withholding-estimator

NN24

The mother opened the custodian account for her son, but she didn't transfer it to her son all these years. Now, she's 88 years old and her son is 62 yrs old. The fund was transferred to abandon prop...

The mother opened the custodian account for her son, but she didn't transfer it to her son all these years. Now, she's 88 years old and her son is 62 yrs old. The fund was transferred to abandon property in 2024 by Nationwide. After the son contacted Nationwide, they transferred the fund back to his account in 3/2025. He closed this account in 12/2025. The 1099 report the fund is NATIONWIDE GOVERNMEN T MONEY MARKET FUND INVESTOR CLASS IS without cost basis and not report to IRS as short term or long term. The Proceed (1d) is $1900. In this 1099, there is $80 shows as short term and $120 shows as long term and they are reported to IRS except $1900. Please help: 1. Does this sell count as short term (3/2025) or long term? Is it safe to select short term since the owner doesn't know about it? 2. Can the cost basis be calculated based on the beginning balance of January 2025 minus the $200? The son is on disability. So, I just try to help them. Thank you for any information.

Vanessa A

Yes. That would be why the GL Schedule is coming up. Be sure MD is not listed in box 15-17 at all, even if it is just showing $0 for the income. If it is, then you can delete this line. This...

Yes. That would be why the GL Schedule is coming up. Be sure MD is not listed in box 15-17 at all, even if it is just showing $0 for the income. If it is, then you can delete this line. This would cause the program to generate a MD return. Since you did not have MD taxes withheld you should only have PA listed in box 15-17. Also, in the personal info section, did you say that you worked in another state? If you did and you said MD, this would cause TurboTax to generate a MD return. To fix this, you would go back to the personal info section and select that you did not work in another state or earn money in another state. Since you live in PA and they took PA taxes out, you would not need to file a MD return due to the PA/MD reciprocity agreement. If the MD state program does not delete, you can select to NOT file it as you go through the end of the program.

d-thompson

Why am I being charged $139 for the free service?

DoninGA

Yes, churches are qualified charitable entities.

dhuberl2025

Many Thanks! Will excluding form 1116 this year impact my ability for this (and prior years) passive carryovers to be carried forward for use in future returns? (In prior years,form 1116 has noneth...

Many Thanks! Will excluding form 1116 this year impact my ability for this (and prior years) passive carryovers to be carried forward for use in future returns? (In prior years,form 1116 has nonetheless been included for similar passive category foreign tax credit amounts of under $300.)

DoninGA

The Employer Identification Number (EIN) is in box b of the W-2. Your TIN (Taxpayer Identification Number) is your Social Security Number located in box a of the W-2.

JohnB5677

Adobe Creative Suite/Cloud subscription expenses, even if they do not meet the strict "Supplies" criteria, are "ordinary and necessary" business expenses and should be reported as operating expenses....

Adobe Creative Suite/Cloud subscription expenses, even if they do not meet the strict "Supplies" criteria, are "ordinary and necessary" business expenses and should be reported as operating expenses. Enter this as Self-Employed in your (Schedule C), Business Expenses Other Common Business Expenses Other Miscellaneous Expenses.

baldietax

it's $15750. where are you seeing $14600. if using desktop make sure you are using the 2025 version not 2024.

DoninGA

The New York inflation rebate is not entered on the New York state income tax return.

DoninGA

The TurboTax Free online edition supports entry of the SSA-1099 To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click o...

The TurboTax Free online edition supports entry of the SSA-1099 To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button

baldietax

I don't think you can but avoid these refund gimmicks anyway - Pay With My Refund it costs an extra $40 and sends your refund through a third party bank possibly causing delay or confusion with your ...

I don't think you can but avoid these refund gimmicks anyway - Pay With My Refund it costs an extra $40 and sends your refund through a third party bank possibly causing delay or confusion with your refund. it's a very bad loan on your fees.

DoninGA

If your Social Security number is in box 2 of both forms SSA-1099 then add the amounts in box 5 together and enter the total on TurboTax SSA-1099. If the SSA-1099 has your spouse's SSN and you are f...

If your Social Security number is in box 2 of both forms SSA-1099 then add the amounts in box 5 together and enter the total on TurboTax SSA-1099. If the SSA-1099 has your spouse's SSN and you are filing as Married Filing Jointly then enter the box 5 amount on the TurboTax SSA-1099 under their name. To enter Social Security benefits reported on form SSA-1099 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button

Kathy_Poentis

how to file amended tax return for no tax on tips reported as income on the original

darrylt646

DoninGA

When entering the investment sale, check the box labeled I have other boxes on my 1099‑B to enter Enter the amount of federal taxes withheld in box 4 To enter an investment sale - Click on ...

When entering the investment sale, check the box labeled I have other boxes on my 1099‑B to enter Enter the amount of federal taxes withheld in box 4 To enter an investment sale - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA), click the start or update button Using the online editions - On the screen Did you have investment income in 2025? click on Yes On the screen Save time and connect your financial accounts click on Enter a different way On the screen How do you want to add your docs?, select Type it in myself On the screen OK, let's start with one investment type, select Stocks, Bonds, Mutual Funds and continue

Masamenos

Thank you. I think I'll go with humor Turbo Tax lol.

stevenssissie

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