You'll need to sign in or create an account to connect with an expert.
Thank you for the positive info.
Hello I never finished my taxes last year as I was missing some forms and then when cleaning house paperwork got misplaced> I don't owe as I.m the one having money coming back so no penalty> I tried going in today to finish my taxes and I was entering info for 2021 So do I just file both years together< or can I just file my 2020 taxes still and how do i do that
@rpell8388 No you cannot file two years together---EVER. Each tax year must be prepared and filed separately. The online software is only for 2021 returns--no other year.
You will be able to access the return you started by using the exact same account and user ID that you used when you started it. But you can no longer use online software for any further changes.
Online tax preparation and e-filing for 2020 returns is now permanently closed. Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2020 return, you now have to complete it using desktop software, which you must download to a full PC or Mac (not to a mobile device).Then you need to print, sign and mail it.
If you already paid for your online software you can ask customer support for a download of the desktop software.
They are available from 5 a.m. to 5 p.m. Pacific time Monday-Friday.
https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number
If you are getting a refund, there is no penalty for filing late. If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe. Only the IRS will calculate this—TurboTax will not calculate it.
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
Since you are filing a late 2020 return, the IRS will not have a 2020 AGI in the system for you. When the 2021 software asks for your 2020 AGI so that you can e-file 2021, use “zero.” If you cannot e-file by using zero then you will have to print, sign and mail your 2021 return.
We are trying to enter the stimulus payment on Turbotax and it shows it as taxable income. Meaning, it adds to the amount of taxes we owe. I thought the stimulus payment wasn't taxable. What are we doing wrong?
@Pam522 wrote:
We are trying to enter the stimulus payment on Turbotax and it shows it as taxable income. Meaning, it adds to the amount of taxes we owe. I thought the stimulus payment wasn't taxable. What are we doing wrong?
No, the stimulus payment you received does not add to your income.
When you started your return the TurboTax program included the Recovery Rebate Credit on your return. When you indicated that you received the stimulus payments, the program removed the Recovery Rebate Credit.
Ok. So it says we owe about $3,000 but when we put in that we received the $4,200 then the amount we owe jumps up to $7,200. Is the $7,200 what we really owe then?
@Pam522 wrote:
Ok. So it says we owe about $3,000 but when we put in that we received the $4,200 then the amount we owe jumps up to $7,200. Is the $7,200 what we really owe then?
Yes, that would be correct since the Recovery Rebate Credit of $4,200 was removed when you reported already receiving the $4,200 thereby showing your actual taxes owed of $7,200.
Look at your tax return and you will see how the income and taxes were calculated.
Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
That's a bummer. Ok, thank you for responding.
Hi -- I am near completion of my 1041, but TT keeps asking me for a Schedule E. I don't know how or where to get one. I have $866 work of royalties (business income) from a DVD distributor of one of my television documenaries. This is a film that I own; the distributor has sent me a 1099-Misc. so that should be enough. Any help would be appreciated!
Yes, let me list the steps for you to compete in the Turbo Tax Business Trust product.
Thanks, Dave. I think I've corrected the entries for my royalty income. My Federal Tax forms seem fine, but my CA state return hangs up on Line 74, Excess SDI (VPDI) Withheld. On my wife's W-2, she had $266 withheld as CA income withholding, and 393.97 as CASDI. I've entered this (393.97) on line 74, but TT keeps asking for it to be imput on a W-2. Any thoughts? Also, do you offer paid consulting in case I can't resolve this. Should not be a big problem.
Harrison Engle [phone number removed], [email address removed]
Why are you entering it on line 74? It is not over the max. Did she have other W2 with more so she went over 1,539.58?
why didn't you enter it from the W2? You only enter it from the W2. When entering your w-2, put your CA SDI amount in box 14 instead of box 19 so it will be deducted as part of your state and local income taxes paid on federal Schedule A.
Actually you are suppose to move the CASDI from boxes 19 & 20 TO box 14.
The SDI Withholding Rate for 2021 is 1.2 percent. The SDI taxable wage limit is $128,298 per employee for calendar year 2021. The maximum to withhold for each employee is $1,539.58. If one employer took out more you have to get it back from the employer. So enter the max for box 14 on that W2.
My wife's CASDI is entered on line 14 , nothing on line 19 now or earlier. Things still don't calculate right.
Can anyone help with my return... a simple question on this one line of the California return? It's a shame that there isn't any custom personal support.
printer ran out of ink as I was starting to print IN state returns, now I am unable retrieve that return in order to print.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Ol_Stever
Level 2
weafrique
Level 2
hmathis1041
New Member
eyouse
Level 1
btuffield
New Member