Do you have a question @christinegurevitz?
TurboTax Free Edition (and TurboTax Live Basic) are intended for taxpayers with very simple returns that can fit on the new 1040 form without any schedules. If we detect that your tax situation requires expanded coverage, like deductions for owning a home or self-employment income, we'll prompt you to upgrade to a version that supports the forms you need so we can maximize your tax deductions and ensure you file an accurate return.
Depending on what your tax situation was last year, you might need to use new tax forms to claim the same deductions, credits, or forms of income. Some of the situations that are now in TurboTax Deluxe and TurboTax Live Deluxe, instead of in Free Edition, include:
Student loan interest deduction
Retirement savings contribution credit for 401(k) and IRA contributions
Child dependent care credit
Go here for more info on which forms are included in TurboTax Free Edition.
Is TurboTax Free Edition right for me?
How do I clear and start over in TurboTax Online?
How do I upgrade or switch to a higher version of TurboTax Online?
Can I downgrade to a lower-priced version of TurboTax Online?
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From OpFor ---------- I found this message thread because I was searching for an answer on how to do this. I finally found it and wanted to post it in case others find it too.
1. Go to https://turbotax.intuit.com/personal-taxes/compare/online/
2. Click "help me choose"
3. Select the options that apply to your situation 4. Click "start for free" of whatever product you want to use when it gives you the suggestions
After that, it asked how I did my taxes last year. I selected Turbo Tax, then it had me sign in. Once I was signed in, it asked if I was sure I wanted to change to a commercial product and not use the free file program. I selected yes, clicked ok, and I was back into the normal system and out of the free file system.
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Stimulus payments will be based on information from your most recent tax filings, either 2019, or 2018 if you haven't filed this season yet. But, the amount paid to you now will be reconciled on next year’s tax return based on your current 2020 situation. You can check on the status of your stimulus payment at the IRS Get My Payment site. That link will take you to the page that explains what you need to do depending on your specific circumstance.
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Resident alien taxes
As a legal U.S. resident, you’re subject to the same tax rules as U.S. citizens. This means that you must report all income you earn on annual tax returns, regardless of which country in which you earn it.
A non-resident must also pay income taxes to the IRS but only on the income that’s effectively connected to the U.S., which generally includes the money you earn while in the U.S. The IRS, however, has no authority to impose tax on the income that non-residents earn in their home countries or in any foreign country for that matter.
When you prepare your U.S. tax return, you must use Form 1040NR or the shorter 1040NR-EZ, if eligible.
Regardless of the form you use, you will only report amounts that are considered US-source income.
Just like resident aliens and U.S. citizens, there are deductions and credits you can claim to reduce your taxable income.
All non-resident tax return forms like 1040NR, 1040NR-EZ or 8843, are available with instructions on the IRS website. You can also use software like Sprintax to guide you through the non-resident tax return preparation process.
From Help for Resident and Nonresident Aliens
Wages paid to resident aliens employed within the United States by an American or foreign employer are subject to Social Security/Medicare taxes under the same rules that apply to U.S. citizens.
Wages paid to nonresident aliens employed within the United States by an American or foreign employer, in general, are subject to Social Security/Medicare taxes for services performed by them within the United States, with certain exceptions based on their nonimmigrant status.
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Which 183 day rule are you speaking of? If you were only temporarily in Washington to do an internship, you are not a resident of WA. If you leave your resident state with the intent on returning to that state after a work project, school or a long vacation, you are still a resident of the state you intend on returning home to. From what you explained, it sounds like GA is your resident state for all of 2019. However, I am not saying that you definitely were or were not a resident of any state. You may be a part-year resident of both states.
The Washington Department of Revenue presumes that a person is a resident of WA state if he or she does any of the following:
Lives in a motor home or vessel which is not permanently attached to any property if the person previously lived in this state and does not have a permanent residence in any other state;
Is registered to vote in this state;
Receives benefits under one of Washington's public assistance programs;
Has a state professional or business license in this state;
Is attending school in this state and paying tuition as a Washington resident or is a custodial parent with a child attending a public school in this state;
Uses a Washington address for federal or state taxes;
Has a Washington State driver's license; or
Claims Washington as a residence for obtaining a hunting or fishing license, eligibility to hold public office or for judicial actions.
Persons may rebut the presumption of residency if they provide other facts which show that they do not intend to reside in this state on either a temporary or permanent basis. A Washington resident who intends to move at a future date, however, will be considered a Washington resident.
If you made a permanent move to WA - you should file a part year resident GA return (WA does not have a state income tax). If you went to WA temporarily and then returned home to GA, you should file a GA resident tax return.
You are asked the questions in the personal information section (My Info) of TurboTax that will generate the correct state tax returns.
What is my state residency status? See this link for examples - each state has different rules.
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Yes, the Schedule E is divided up by properties. The easiest way to do it is to enter each property separately. After your enter the property details, you will be asked about the income and expenses for that property. You can enter up to 45 different properties. Note: If your rental property is located out-of-state, make sure you first set up that state properly in Personal Info. That way, when you do your state taxes, we'll be ready to go. To enter your rental:
In TurboTax, search for rentals and select the Jump to link at the top of the search results.
Answer Yes to the question Did you have any rental or royalty income and expenses in 2019 for property you own?
Follow the on-screen instructions as you proceed through the rental and royalties section.
We'll ask you to enter general information about your rental (like description, address, and ownership percentage).
Eventually, you'll come to the Rental Summary screen, which is where you enter your rental income and expenses, assets and depreciation, and vehicle expenses.
Click on Add Another Property once you finished with the first one
Tip: Rent is considered income in the year you received it, not the year it applies to. This means that a rent payment for the month of January 2020 collected in December 2019 is reported on your 2019 return.
If you're also filing a nonresident state return to report income from an out-of-state rental property, be sure to complete your nonresident state return before you prepare your resident state return when you get to the State Taxes section.
Can I claim a security deposit?
What kinds of rental property expenses can I deduct?
What is rental depreciation and how does it differ from an expense?
How do I handle capital improvements and depreciation for my rental?
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You can securely import your 1099-B, 1099-DIV, 1099-INT, 1099-OID, or 1099-R into TurboTax, provided your broker or financial institution participates in our TurboTax Partner program.
When you get to the place in TurboTax where we ask if you received that form, answer Yes and we'll give you the option to import.
You can also jump straight to the section for your specific 1099 form. Here's how:
Sign in to TurboTax and open or continue your return.
Search for 1099-B and select the Jump to link in the search results.
Follow the screens and you’ll be able to import your form.
Tip: Be sure to select the right financial institution or brokerage from the list. For example, several participating partners' names start with First National Bank and if you select the wrong First National Bank, you won't be able to import.
You can import up to 1,500 transactions from your financial institution in TurboTax Online.
Go here to see how to take a picture of your 1099-MISC in the mobile app.
Which 1099 forms can be imported?
Which 1099 forms are not available for import?
When will I be able to import my 1099?
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You can still purchase and use the features of the desktop program. It may be worth it - it would definitely be cheaper than hiring an accountant as you stated above. You can still save your tax file from the Online program and open it up in the desktop program. If you need to amend, you can use the desktop program for that too.
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