About jjdeadhead

jjdeadhead

After doing my inputs and upon review I saw a $80 Penalty assessed on my state return. After running through the inputs 2x it wasn't going away. The line item states if the Balance Due is over $800 then you could be assessed a penalty. I am getting a refund. Upon digging into it through the "Forms" I found the problem was; We had a Capital Gain in the 4th qtr. We properly made a estimated payment and recorded it Turbotax in that qtr. The broker statement recorded the date of the transaction but Turbotax calculated as if ALL income is earned evenly over all 4 qtrs. After finding this I went into the proper form and made all the adjustments and that erased the penalty, BUT; Since Turbotax has that date in it's information why wouldn't this software use that information and allocate it properly?

jjdeadhead

You may need to be more specific, because I read this as what program opens your Turbotax data file and that would be Turbotax, so you may get more help by clearing that up. If I reading it wrong sorry.....

jjdeadhead · ‎February 16, 2020

Thanks but My Info section does not indicate any state but my current state or make money in any other states looking at your link my "State" is a tab across the top next to the NJ there are no buttons but in reading further down we DID purchase a NJ state return package because we do returns of family members that live there. Follow-up: if anyone is reading this down the road I was unable to delete NJ (I know I could just not print / submit NJ). But to keep it clean I deleted the whole return and started over WITHOUT importing any info from the previous return.

jjdeadhead · ‎February 16, 2020

So I imported last year's return. I was a resident of NJ until 12/23/2018. This year I checked the new state and it is filing that return but it is also calculating and generating a NJ return. I checked that I did not earn any income outside of the new state. In my personal info it says correctly indicates my state of residency. Any ideas where what I need to do to get rid of NJ? or do I need to start over and NOT import last year's data? Thanks

jjdeadhead · ‎February 2, 2020

or if you mean you typed in the wrong amount from your W-2 and need to edit that and can't navigate back there try this; call up your return (if you're not already in it) across the top just below the blue header you should see a tab labeled "FEDERAL TAXES", click that then just below that you should see an oval bubble called "Wages & Income", click that then you should see around the middle of the page blue colored bubble called "I'll choose what I work on", click that then you should see in the middle of your screen "Wages and Salaries Form W-2" (the 2nd section) off to the right you should see an "Update" button, click that hopefully that's what you were looking for

jjdeadhead · ‎April 12, 2019

So only biggap and I do this? Anyone else use a different method?

jjdeadhead · ‎October 13, 2018

I do my taxes using TurboTax and am wondering if after filing I save a second copy of the return under another name i.e.".......whatif..........". Would this work to then use to run what if scenarios say for things like what would the tax impact be if I recognized a capital gain of $X or I started to claim Social Security or IRA distributions etc etc?

Date Registered	‎October 13, 2018 10:55 AM
Date Last Visited	yesterday
Total Messages Posted	7

Disappointed with Turbotax

Re: Which program opens 2020 tax data file. I use ...

Re: Moved in 2018 but Turbo Tax still calculating ...

Moved in 2018 but Turbo Tax still calculating prev...

Re: state taxes

Re: Using Prior year's filing to do what if scenar...

Using Prior year's filing to do what if scenarios ...