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12 hours ago
Your spouse's enrollment status error - not on 1098-T - putting pieces together - I wonder if you have a1099-Q but not claiming the student.
If you have a 1099-Q that was used for eligible expenses...
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Your spouse's enrollment status error - not on 1098-T - putting pieces together - I wonder if you have a1099-Q but not claiming the student.
If you have a 1099-Q that was used for eligible expenses, room and board, tuition, etc. it should not be entered according to IRS Publication 970, Tax Benefits for Education.
A 1098-T is only entered when you are claiming the dependent and they would be on your return. You need to clarify your situation for additional help.
12 hours ago
I paid for my late mother's funeral expenses out of pocket and sought reimbursement for those expenses via the Estate of hers, recently received such reimbursement, am wondering if this reimbursement...
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I paid for my late mother's funeral expenses out of pocket and sought reimbursement for those expenses via the Estate of hers, recently received such reimbursement, am wondering if this reimbursement is something I have to report on my personal tax return NEXT year?
12 hours ago
It depends on how you get paid. If you're an independent contractor, and work for your own business, you can deduct expenses, If you work in the system and get paid wages, or a salary, you can not...
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It depends on how you get paid. If you're an independent contractor, and work for your own business, you can deduct expenses, If you work in the system and get paid wages, or a salary, you can not, however.
12 hours ago
I had HDHP all year. Any assistance would be greatly appreciated.
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12 hours ago
It depends on where you are trying to enter this. Use the link below for additional details and information.
Can I e-file with a foreign address?
Under State of Residence be sure to sele...
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It depends on where you are trying to enter this. Use the link below for additional details and information.
Can I e-file with a foreign address?
Under State of Residence be sure to select 'Foreign or US Territory' in the Personal Info section
This will allow you to enter your zip code with letters
12 hours ago
I need to have help accessing my income records
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12 hours ago
Are you a W-2 employee or are you an independent contractor who gets a 1099NEC? If you are a W-2 employee, no, you cannot deduct job-related expenses on a federal tax return. If you are an indepe...
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Are you a W-2 employee or are you an independent contractor who gets a 1099NEC? If you are a W-2 employee, no, you cannot deduct job-related expenses on a federal tax return. If you are an independent contractor, your business expenses go on a Schedule C.
W-2 employees cannot deduct job-related expenses on a federal return. Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond. Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.
If you are preparing a return for a state that lets you deduct job-related expenses, the information will flow from your federal return to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses
12 hours ago
You would enter the discounted price. So if you paid $1,000 for one window and $1,500 for the other window and had a 10% discount, you would enter $900 for the first window and $1,350 for the second...
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You would enter the discounted price. So if you paid $1,000 for one window and $1,500 for the other window and had a 10% discount, you would enter $900 for the first window and $1,350 for the second window.
12 hours ago
If you did not physically work in Maryland, then your income from there would only be taxable if you are working remotely because you chose that as opposed to your employer requiring you to work out ...
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If you did not physically work in Maryland, then your income from there would only be taxable if you are working remotely because you chose that as opposed to your employer requiring you to work out of state and you are not a resident of Maryland.
You may have been prompted to file a state tax return in Maryland because you had state taxes reported on your W-2 form or you listed yourself as a resident of Maryland.
12 hours ago
It sounds like there may be an issue that requires that you clear your cache and cookies. The system doesn't know to restart properly if those are there sometimes.
Here's how to clear your cac...
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It sounds like there may be an issue that requires that you clear your cache and cookies. The system doesn't know to restart properly if those are there sometimes.
Here's how to clear your cache.
Here's how to delete your cookies.
After you've done that restart the computer and give it a whirl. The software shouldn't be clearing the 5695 credit at all so see if that fixes it.
12 hours ago
1 Cheer
We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses. This has been reporte...
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We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses. This has been reported and our team is working to provide solutions. We appreciate you taking the time to provide this feedback.
@SCswede
12 hours ago
Before. It is based on your Modified Adjusted Gross Income.
The New “One Big Beautiful Bill” Senior Deduction: Do You Qualify?
12 hours ago
ZIPCODE IS V6J1C7 HOW DO I PUT THIS ON MY 1040 TAXES
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12 hours ago
Hi, I’m trying to correctly enter a Final K-1 for a publicly traded partnership (Icahn Enterprises LP / IEP) in TurboTax, and I want to make sure I’m not double counting anything. Here is my situ...
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Hi, I’m trying to correctly enter a Final K-1 for a publicly traded partnership (Icahn Enterprises LP / IEP) in TurboTax, and I want to make sure I’m not double counting anything. Here is my situation: I received a Final K-1 for Icahn Enterprises LP (IEP) I fully disposed of all units in 2025 I also received a Schwab 1099-B My 1099-B shows IEP unit sales under short-term transactions: Proceeds: 4,012.69 Cost basis: 5,026.00 Realized loss: 1,013.31 Separately, my 1099-B also shows Options Subject to Section 1256 Reporting for IEP call options: Total Section 1256 amount: 531.03 From my K-1 / supplemental schedule: My questions are: For the IEP unit sales on 1099-B, should I enter them exactly as reported first, or do I need to adjust basis/proceeds myself to avoid double counting with the K-1 disposition section? My understanding is that the Section 1256 options on 1099-B are separate from the K-1 partnership disposition and should be reported separately on Form 6781. Is that correct? In the K-1 disposition section: Should I enter purchase date as “Various” or Should I use the final sale date for the disposition screen? In the K-1 sale information section: Should ordinary gain be the Section 751 gain of 4? Since unrecaptured Section 1250 gain is zero, should 1250 gain be entered as 0? are the numbers I entered correct for both regular Gain or Loss part and AMT gain or Loss part? My supplemental K-1 statement includes many Box 20-related items, such as 20V, 20Z1, 20AB, 20AE, 20ZZ10, 20ZZ11, and 20ZZ12. Do I need to manually enter all of these in TurboTax? I’m especially confused because -113 appears multiple times on the supplemental statement. Should that same amount be entered more than once in different places, or would that double count it? On the TurboTax screen “We need some information about your 199A income”, I entered: Ordinary business income (loss): -113 Is that correct? should I enter anything else? should the Section 751 gain of 4 be included there? Also, where should the 20ZZ10 (-99) partnership interest disposition adjustment for Section 163(j) be reflected in TurboTax? I’d really appreciate guidance from anyone who has entered a Final PTP K-1 + 1099-B + Section 1256 options in TurboTax before. Thank you!
12 hours ago
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12 hours ago
Thank you!!! So 2bi is the gross amount of what I have made for the first few months of the year plus his total he should make for the year from his job. There are deductions for pensions and healt...
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Thank you!!! So 2bi is the gross amount of what I have made for the first few months of the year plus his total he should make for the year from his job. There are deductions for pensions and health insurance and such but that would not count, I am assuming, as "deductions" for the jobs to be subtracted from the gross amount. I think that is what is really throwing me, what is a deduction in this case to be subtracted. We will just take the standard deduction on our taxes. And then I will put the other income as noted into 4a.
12 hours ago
AGI/
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12 hours ago
1 Cheer
Exercise Screen (NQ Options)
Most plans give you 90 days from your last day of employment to exercise vested NQ options. If you don't act, they typically expire and vanish.
Many companies ha...
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Exercise Screen (NQ Options)
Most plans give you 90 days from your last day of employment to exercise vested NQ options. If you don't act, they typically expire and vanish.
Many companies have specific Retirement Provisions in their Plan Document. Retirement often triggers a longer exercise window (sometimes 1–5 years) or even accelerated vesting.
Do not guess on this one. Check your specific Grant Agreement or the "Plan Summary" document for the definition of "Retirement." If you don't meet their specific age/service milestones, you might be stuck with the standard 90 days.
Sell Screen
Once you exercise an option or an RSU vests, it becomes actual stock sitting in your brokerage account.
These are yours. They do not expire after 90 days. You can hold them for 10 minutes or 10 years.
Account Access: Your login to the brokerage will remain active. If you normally enter from work, you will need the link for personal use. You will still have full control to sell whenever you choose.
Your choice for when to sell items - now, later, both.
Beware of wash sales. I recommend a 31 day gap in sales to be safe.
Usually, exercising underwater NQ options is not advisable because you are paying more than the market price for the stock. If you just want the "loss," it’s often cleaner to let them expire and use other capital losses.
12 hours ago
This is on the Colorado return and I dont know what to put for part 1, line 10a
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13 hours ago
When will room & board and other qualified expenses by updated in Turbo Tax?
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