State tax laws may vary! That’s the biggest takeaway from this post.
While many states conform to the IRS tax guidelines, at least to a
certain extent, nearly all of them require some adjustments to maximize
your state deductions. And, some states se...read more
Do you even have to file taxes in more than one state? Do you know if
you’re a resident, nonresident, or part-year resident? What if you’re in
a state temporarily, such as a military move? So many questions - and
TurboTax has the answers! Let’s start...read more
Software won't let me edit payers state ID number in KY from 6 digits to
the required 9. Was supposed to add three zeros but number is frozen in
red. I tried deleting the form and manually inputting but got same error
on KW-2 version of KY income sta...read more
My husband and I will soon be selling our primary residence. We've lived
in our home for 38 years and have never used any portion of it for
business. It will probably sell for more than the $500,000 married
filing jointly exclusion, even after cost b...read more
In my turbo tax desktop edition, I followed the instructions regarding
how to amend our 2022 joint federal return due to a "claim of right" (my
wife had to repay a retention bonus in 2022 that she received in 2021).
The amending of the 2022 federal r...read more
mijohnPosted an hour ago
| Latest post 13m ago by
AmyC
I am using the desktop edition. I receive a W-2 for work in NJ, and I
live in NJ, but I have worked in New York City 33 days last year. I want
to allocate my income based on days. My wife has a K-1 that has a small
percentage as NY State sourced inco...read more
We owned stock in Ohio s-corp that merged with another company. The
capital gain realized was 148,000. I have finished my federal form but
do not know how to enter it into the Ohio form. Also on the Ohio it K-1
it showed a loss for the shareholder am...read more
pjwespPosted Monday
| Latest post 3 hours ago by
pjwesp
We have 5 taxpayers in our family and I file all their taxes. We usually
e-file Federal and wait for it to be accepted before e-filing state.
This year, everything proceeded smoothly for the first four returns. For
the fifth one, the Federal worked f...read more
I am stumped this year in the Illinois tax penalty section as to why it
is not showing that I owe a penalty? I know I do and in prior years,
i.e. 2024, etc the amount showed. I did not fill out the annualization
form (IL-2210) because it did not pop ...read more
The expanded instructions for the 2025 IA 1040 Line 2 states:Enter your
federal taxable income as reported on federal 1040, line 15. If the
amount of federal taxable income is zero, subtract the amount reported
on IA 1040 lines 1d and 1e, and federal...read more
Hi all,Here's my situation. I'm a CA non-resident. Sold my rental
property and the title co. paid CA the required 3.3%. Turbotax CA return
picked up the payment no problem, but its showing a late penalty! Sale
and withholding was made in the 4th quar...read more
I've imported business expenses from Quickbooks Self-Employed, but when
I edit those categorized expenses, Turbotax does not give an option to
add assets.