Welcome to Intuit's Real Money Talk Community! If you are as excited as
we are to engage in discussions, ask questions, and share knowledge with
others, you’ve come to the right place! Before diving in to the
conversation, the following links might b...read more
As part of my divorce decree I must make alimony payments for six years
but these payments must continue even if my ex spouse passes away. So if
I must continue to make payments in the event of their death, then these
payments are not considered alim...read more
I am HSA eligible with an HDHP family plan that covers me & my wife.
That is our only insurance. We are both over 55. Same story for last
year (2019) when we had opened a self-funded HSA with $4500 for each of
us with Fidelity. My interpretation was ...read more
Hi, I had to close my single person LLC in 2020, failed e-commerce
business unfortunately. I had amortized my start-up expenses from 2016,
which totaled $110, 151. These were setup for 15 year amortization, and
I took 22, 029 in amortization expense ...read more
Hi, I filed turbo tax by mail, IRS responded, asked me to complete lines
20 - 31 on form 8863. The problem is I do not qualify for educational
credits because I am above the income threshold. When I look into the
forms, within my Turbotax filing line...read more
I E-Filed 2020 Federal Return several weeks ago and it has remained in
Pending for that time. The acceptance date under IRS acceptance keeps
changing, moving out further and further. I have received 2 messages
from TurboTax indicating that I paid for...read more
I sold a rental property in 2020 and lived there for 2 of the last 5
years, so I was expecting to receive the capital gains tax exemption,
but it's saying I don't qualify. I sold it for $405k and bought it for
$230k. With the depreciation from 2006 t...read more
I have excess roth IRA contribution for 2015, 2016, 2017 and 2018 and go
the distribution of 13,500 in 2020. I entered into Turbo Tax and I have
no tax on the 13,500 but turbo tax is not calculating the penalty. How
do I have turbo tax calculate the ...read more
I'm trying to complete my taxes and just realized that I contributed
more than the $19,500 limit to the 401k. My previous employment made a
final salary payment the first week of January 2020 and they contributed
$236 into my 401k. The current employ...read more
I purchased a rental property in 2020. I am doing extensive renovations
to it. TurboTax won't let me enter it on my taxes because I have yet to
rent it out. Do I wait to claim all these expenses until the renovations
are done and I start renting it?
My husband and I normally always claim married filing joint. He works in
a warehouse and I am disabled. He claims 1 throughout the year and I
don't have any federal taxes coming out of my social security. Is it
possible to file as married filing sepe...read more
Trying to use Turbotax desktop, completed tax return, filing
electronically.Getting the IRS rejection code REJECTED_AGENCY when I
check the Electronic Filing History.Please make suggestions, as there
are no errors that pop up to correct and the prior...read more
I took a 401k withdrawal and meet the covid provisions. Turbo tax is
automatically deferring the taxable income over 3 years. I am afraid
that will screw me up the next 2 years when my income "hopefully"
returns to normal and I have $x taxable amount...read more
I made a withdrawal from TSP retirement account in state of Oregon, part
before retired, and again after retirement in year 2020. The 1099-R
lumps the amounts all together. Do I have a way to separately show these
amounts in turbo tax on federal or s...read more
I paid the state tax filing fee for Turbo Tax. I have a confirmation #
and it took it out of my bank account, but my computer froze. When I
went back in it asked e to pay again. What should I do?
I noticed the Foreign tax credit being inserted on the 1040 is high. It
should be $4 and somehow TT is calculating $8. I have chased through the
forms and found the value in Form 1116 line 35 is incorrect. I have been
through the forms and I still do...read more
@JotikaT2 I sold a second home and purchased Turbo Tax Premier on CD so
I can report the sale. I tried to follow the same directions that were
posted. My screens are as follows:I clicked on the Stocks, Mutual Funds,
Bonds, Other selection of the Inve...read more
If all of the gross distribution are used for approved expenses, how are
the "Earnings" calculated? Box 1 is $15,000, Box 2 is $6236.49, and Box
3 is $8763.51. The $6236 is being considered unearned income. All of the
$15,000 was used for approved ex...read more
GderochePosted a week ago
| Latest post Sunday by
AmyC
I turned 55 Sept 29 and I have a High Deductible plan and box 12a of my
W2 has a W and $4,550. Yet when TurboTax completes Form 8889 it has $0
as the deductible amount (the amount in line 2 is $0 and line 3 is
$4,550)and therefore $0 is listed in 10a...read more
I am using MAC OS X Mojave with TURBOTAX 2020. I love the program.
Completed my return in no time at all.However, I can't get TurboTax to
Print. I can't get it to save the file as a PDF. It doesn't matter
whether I try to save the file to the Cloud a...read more
I'd like to remove a secondary bank account from Turbotax. My 2021 taxes
are already linked to my preferred bank account, so removing the
secondary bank account won't affect my current 2021tax returns. Anyone,
know how/where I go to in my account to ...read more
I have a single member LLC and entered business income and expenses
using TurboTax Home Business 2020. Are there additional tax
considerations for distributions? How does this apply? I'm not sure if
it's relevant but I am in the state of Illinois.
Sold rental property in 2020. Part I 2e depreciation -- is this prior
depreciation or prior + current year depreciation? I was surprised that
TurboTax did not automatically fill this in.
Hello, I received a W-2 in 2021 for work that I did in 2019. According
to the payroll company that W-2 reflects a job that I did in late
December of 2019. The paycheck for this job was sent out on January 6,
2020, even though the work was physically ...read more
I filed 2019 tax online turbo tax business software. For 2020 I am using
the CD version of turbo tax. It is not picking up my prior year details.
What I need to fix this?
Box 20 on a W-2 is usually left blank in areas where such communities
don't assess any local income tax. ... TurboTax would only be asking you
to put something in Box 20 if you had entries in boxes 18 and 19 as
well.
I am filling NY nonresident. I found that Turbo Tax (desktop) didn't
import W2's info and showed 0 NY tax withholding. (I have done Federal
tax, my W2 info has imported. I have done NJ tax, also showed my
withholding without additional input ).There ...read more
Since my K-1 has entries in two of the Boxes 1-3, I've added two
separate K-1s. Do I need to split the Statement A information as well?
Thank you for your help.
Just don't lie in your ads... it is not FREE FREE, FREE FREE FREE. It is
$39.99 to $110 (like I just had to pay) to get your taxes done. The ads
are MISLEADING at best, and a skilled lawyer could likely demonstrate
fault. I am surprised there is not ...read more
We purchased a used car in 2015 and put it into service right away. It
was a 2013 model and we paid $39,475 ($19,000 trade-in and $20,475
cash). We sold this 2013 vehicle in 2020. We got a trade-in of $17,200.
This vehicle has an average usage rate o...read more
I just like 29 million other Americans have yet to receive my Federal
Return. I filed and it was accepted 2/23. The terms of filing state that
once you receive funding from the IRS you will send MY RETURN to my bank
account. However, I received an em...read more
Hello my name is Stephanie Jackson, I’m inquiring about my 2019 tax
return. I’m looking for line 8b adjusted gross income so I can provide
it for my paper work for 2020 tax return.
Hello I filed my filed my federal return but or some reason could e-file
my state tax return. I paid the $25 charge to file but will now mail in
my return. I still got charged the fee. Can I get a refund for this?
I work for a company in Wisconsin and live in California and hence have
to file both states as a resident in California and non-resident in
Wisconsin. I have Capital gains reported in Federal return. However,
Wisconsin took 70% of it to tax me and Ca...read more
I have already done one tax return and now it wants the registration
number and I don't know it. It's already downloaded on my computer. How
can I finish my return? I am unable to find the DVD sleeve with the
number on it.
This seems to be a MAJOR issue with TurboTax Home and Business and
perhaps other versions. My 1095A from Healthcare.gov has $0.00 in Column
B. (SLCSP). I was amazed that the software didn't walk me through
updating this info manually. Anyway - I got ...read more
I'm 90% through my return and I'm coming to the realization that I may
need to file an extension. Not thrilled about it but that's the reality.
Can I both save my information and file the extension?
This in regards to a LLC in which the property is in one state, but the
LLC member (me) is in another state. The LLC is registered in my state.
TurboTax had me purchase the state that property is in. So when I
started, it asks for the SCC number of t...read more
How do I leave feedback? I already had my taxes done however. Initially
they where rejected and had to contact turbo tax. A rep walked me
through to make sure its all good. The rep gave me wrong info. Not
raging about it but also not happy neither.
Hello! I don't have an HSA, but turbotax generated a form 8889 for my
return and is now requiring me to correct an error on line 18. Once
again, I do not have an HSA, only an FSA. How do I help turbotax remove
the form 8889, since it is not required ...read more
I was involved in a legal dispute regarding my mother's estate. In a
mediated settlement I was required to pay out several hundred thousand
dollars in cash and real estate. I signed over the 3 properties by quit
claim deed. One was a rental property ...read more
I would like to confirm how to report expenses for my nephew who is a
teacher full time at an elementary school. After school he coaches teams
for a soccer club. This past year he received a W2 instead of a 1099
from the soccer club. He has expenses ...read more
I filed my federal return electronically and I was due a refund. The
return was accepted and I just received the deposit from the IRS into my
bank account. The deposit was $5.60 greater than what my return said I
should get back. The return was check...read more
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