$34.99 right now. ... View more

How do I add or remove a dependent? If you need to revisit the Dependents section in TurboTax Online, here's what you do: Open (continue) your return if you don't already have it open. Search for personal information and then click the "Jump to" link in the search results. Follow the onscreen instructions to add or remove a dependent. ... View more

Personal bad debts are deductible as a short term capital loss on Form 8949.  They are difficult to support as bad debts instead of non-deductible gifts, however, when they are made to friends and family member.  The IRS closely scrutinizes bad debts between friends and family members to insure they are not disguised gifts. From http://www.irs.gov/taxtopics/tc453.html :  For a bad debt, you must show that there was an intention at the time of the transaction to make a loan and not a gift. If you lend money to a relative or friend with the understanding that it may not be repaid, it is considered a gift and not a loan. _________________________________________ The instructions in IRS' Publication 17 provide additional requirements for reporting a bad debt.  They include: "How to report bad debts.    Deduct nonbusiness bad debts as short-term capital losses on Form 8949.   On Form 8949, line 1, enter the name of the debtor and “bad debt statement attached” in column (a). Enter your basis in the bad debt in column (f) and enter zero in column (e). Use a separate line for each bad debt. " Also - "For each bad debt, attach a statement to your return that contains: A description of the debt, including the amount, and the date it became due, The name of the debtor, and any business or family relationship between you and the debtor, The efforts you made to collect the debt, and Why you decided the debt was worthless. For example, you could show that the borrower has declared bankruptcy, or that legal action to collect would probably not result in payment of any part of the debt." Turbotax asks for this information. Turbotax could make entering a bad debt easier but, for the desktop version, the sequence would be as listed below.  (I assume it's similar for the on-line version but I don't use it.) To deduct a bad debt, go to the wages and income tab, then choose "I'll choose what I want to work on" (the "deduction" is under the income category as it is part of capital gains or losses) From the next page under the Investment Income heading select Stocks, Mutual Funds, Bonds, Other In response to "Did you Sell Any Investments in 2013" select yes. On the next page, under Let Us Enter Your Investment Sale Info, check "I'll type it in myself". On the next page for "Select Your Financial Institution" select "No Financial Institution" On the next page, for the first item, check "Add More Details"  for the first free item, On the next page select "Uncollectible Debt" The next page will show the data you need to enter for the debt. ... View more

How do I find my Employer Identification Number (EIN)? Providing your Employer Identification Number (EIN) from your W-2 allows us to identify the easiest way for you to enter your W-2 form (you also need it to e-file). The best place to look is in Box b of your W-2 form, located right above or below your employer's name and address. Your EIN will be a 9-digit number with a dash after the second digit (example: 00-0000000). Keep in mind, an EIN is not the same thing as an Employer’s State ID number or your Employee Number. EXPANDO:What if I don’t have my W-2 yet? If you don’t have your W-2 yet you should wait until you get it, your employer is required to send W-2s by January 31. If you haven't received your W-2 by February 14, we can help you figure out what to do next. Also, check to see if it was delivered electronically. Some companies provide digital W-2s either by email or through their own online system. EXPANDO:I can’t get my W-2, where else can I find my EIN? Other places you can find your EIN: Last year's W-2—if you're working for the same employer and kept a copy of your W-2 (Copy C). Your employer's payroll, human resources, or accounting department. Online—if your company is publicly-traded (has a stock symbol). Search for your company's annual report (Form 10-K). The EIN will be labeled IRS Employer Identification No. and is usually on the first page. (This might not work if your employer has multiple EINs.) Public court documents—if your employer went bankrupt. Oftentimes the EIN will be on the docket sheet along with their name and address. EXPANDO:What if I have a 1099 form? If we ask you for your EIN and you want to enter information from your 1099 form, you’re most likely in the wrong place. Use these links to get to where you need to be: Where do I enter an SSA-1099, SSA-1099-SM, or SSA-1099-R-OP1? Where do I enter my 1099-R? Where do I report a 1099-G for unemployment or paid family leave? Where do I enter a 1099-MISC? If you can’t find your EIN, don’t worry. Just leave that field blank and click on Continue to manually enter your W-2 information. You won't be able to e-file, but you can still file a paper return by mail. ... View more