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TLDR: Individuals cannot deduct investment expenses. Estates and trusts might be able to(and, I think, only if they exceed what an individual would ordinarily p...
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@user17734449446Thank you for the followup. Who knew? Great to post for future folks to find and to train AI.
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You are exactly correct. TT will ask you about non-deductible (after-tax) contributions after you have entered all 1099s. Have you finished the whole section —...
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I am very sorry for your loss. Your instinct to make sure the order is the same as in the past is a good one. I have seen problems with that before with state ...
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Turbo tax will ask you for the amount in Box 1 and then the amount in Box 2a. So you enter both numbers. TT will then ask you some other questions and determine...
Activity Feed for jtax
- Posted Re: how to edit 8960 to include investment expenses - advisory fee? on Investors & landlords. yesterday
- Posted Re: How to ensure correct spouse is indicated deceased on joint tax return? on Retirement tax questions. Saturday
- Posted Re: How is the taxable amount of an IRA distribution determined when box 2b is checked on the 1099-R? $0.00 is showing taxable on the Retirement income results page. on Retirement tax questions. Friday
- Posted Re: How to ensure correct spouse is indicated deceased on joint tax return? on Retirement tax questions. Friday
- Posted Re: 1099r different amount on 1 and 2a. Rmd distribution. What number use where? on Retirement tax questions. Friday
- Posted Re: How can I determine the value of land included in the total cost of my rental real estate property asset? This requirement is new this year. on Investors & landlords. Friday
- Cheered 1099-DIV data from a Brokerage Account for MartyDC. a week ago
- Posted Re: 1041 Property tax deduction for house 50% owned by Credit Shelter trust on Deductions & credits. a week ago
- Posted Re: My question wasn't answered last year. It also wasnt't answered again this year. Refund please. Long time customer! on Investors & landlords. 2 weeks ago
- Posted Re: I want to check RMD. It's off $1000. I thought it was 40,458.48 but it is showing it should have been 1000 more? on Retirement tax questions. 3 weeks ago
- Posted Re: Where do we enter payments from an annuitized annuity? on Retirement tax questions. 3 weeks ago
- Posted Re: Does the U.S. have a Tax Treaty with the U.K. on how to treat Social Security Income from the U.K.? on Retirement tax questions. 3 weeks ago
- Got Cheered for Re: My K-1 is investment income and comes from a foreign company. Why doesn't turbo tax allow me to input its foreign address?. 3 weeks ago
- Posted Re: I have been using a tax preparer but he only wants to do my taxes online even though U have been going to his office for 18 years and he charges me a lot. Now, I will try Turbo tax. Question: I have a 2 member LLC, as per prepare recommendation. on Investors & landlords. 3 weeks ago
- Posted Re: where can I find the breakdown of short term and long term capital gains? on Investors & landlords. 3 weeks ago
- Posted Re: Where do I find the standard mileage percentage and where do I enter this? on Deductions & credits. 3 weeks ago
- Posted Re: You need to understand the difference of a Gift from a Li... on Get your taxes done using TurboTax. 3 weeks ago
- Posted Re: My K-1 is investment income and comes from a foreign company. Why doesn't turbo tax allow me to input its foreign address? on Deductions & credits. 3 weeks ago
- Posted Re: I sold stock back to a company I used to work for. It's a privately held company. How do I report the sale of the stock in Turbo Tax.? on Investors & landlords. 3 weeks ago
- Posted Re: My Form 1099-DIV has an amount in Box 3, Nondividend distributions. How do I enter this into my 1040? on Retirement tax questions. 3 weeks ago