I have dowloaded Interactive broker to my Turbo Tax. At IB the
information is correct but after transfer into TT is totally incorrect.
I understand some cost basis needs to be added but proceeds and costs
are in the millions vs in 100 thousands. Remo...read more
mjpb52Posted Saturday
| Latest post 37m ago by
mjpb52
On my QBI smart worksheet in Schedule C, line 5a has the premiums paid
for self-employed health insurance. However, the number is wrong. It's
populating the premium deduction with Form 7206 line 13 instead of line
14. So TT is putting in $12,672 for ...read more
I received a 1099-NEC from the developer of my multi-family condo
building because they reimbursed me for expenses I incurred because they
made my home unavailable to me for 3 nights while doing "warranty
repairs" to my unit. I had hotel expenses tha...read more
0bnxshsPosted yesterday
| Latest post 3 hours ago by
0bnxshs
I purchased Turbotax Deluxe with State. I completed my federal and State
(Missouri) returns and filed them. I also did my daughters returns but
had to wait for her to be here to hers because I did not have her band
and drivers license numbers. Yester...read more
I am 63 so should be able to use the Super Catch-up Contribution for my
Solo 401K plan and contribute $34,750 in total for 2025 (before profit
sharing contributions). Per Turbo Tax (as I am walking thru this
section), the maximum I can defer to all m...read more
Has TurboTax fixed the health insurance deduction issue yet? Or do we
need to calculate this ourself? Also, my self-employed income has
increased last year 2024, so the Form 1095-A I've received does not
reflect what I need to pay for health insuranc...read more
taxstuffPosted January 24, 2025
| Latest post 7 hours ago by
Vanessa A
I am self employed with a small part time job and pay my own health ins
premiums. In 2025 I qualified for a small govt subsidy but had to pay
some of it back. I know where that was calculated on form 8962. I
entered all the information from the form ...read more
gk5040Posted 8 hours ago
| Latest post 8 hours ago by
MinhT1
I purchased the Business desktop for a trust, when I filed my Federal
return, it said that I had to file a state return for Ohio but the
business software cannot do this. I have no clue how to do this. When I
clicked on the link to take me to the for...read more