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cgervasi
Level 4
Activity Feed for cgervasi
- Posted Re: How do I display the Tax Computation Worksheet? on Get your taxes done using TurboTax. March 31, 2021 1:07 PM
- Posted Re: Someone to call me ASAP at this number xxxxxxxxxx on Get your taxes done using TurboTax. March 7, 2021 10:18 PM
- Cheered Please try the following directions to Print Center: Log... for SamiaI. February 13, 2021 1:35 PM
- Posted How to Display Worksheet Calculations in TurboTax on Get your taxes done using TurboTax. February 13, 2021 12:52 PM
- Cheered I had the same question, so thank you for answering it.... for gabriel1225. February 13, 2021 12:34 PM
- Cheered Re: Qualified Business Income for Form 8995 for Mike9241. February 13, 2021 10:40 AM
- Posted Qualified Business Income for Form 8995 on Deductions & credits. February 11, 2021 8:29 PM
- Cheered Re: Bug? - TurboTax Asks for 2019 W-3 Numbers for MichelleLO. February 11, 2021 8:22 PM
- Posted Re: Bug? - TurboTax Asks for 2019 W-3 Numbers on Get your taxes done using TurboTax. February 4, 2021 2:57 PM
- Posted Bug? - TurboTax Asks for 2019 W-3 Numbers on Get your taxes done using TurboTax. February 3, 2021 8:22 PM
- Cheered Re: I'm wondering why I spent extra on TurboTax Premier, when apparently TurboTax Online has features Premier does not? for anastrophe. January 28, 2021 2:04 PM
- Got Cheered for Re: I'm wondering why I spent extra on TurboTax Premier, when apparently TurboTax Online has features Premier does not?. January 28, 2021 2:02 PM
- Posted Re: I'm wondering why I spent extra on TurboTax Premier, when apparently TurboTax Online has features Premier does not? on Investing. January 28, 2021 1:50 PM
- Cheered Re: I'm wondering why I spent extra on TurboTax Premier, when apparently TurboTax Online has features Premier does not? for anastrophe. January 28, 2021 1:47 PM
- Got Cheered for Re: I'm wondering why I spent extra on TurboTax Premier, when apparently TurboTax Online has features Premier does not?. January 28, 2021 12:26 PM
- Posted Re: Determine long-term capital gains on Robinhood on Investing. January 28, 2021 12:24 PM
- Posted Re: I'm wondering why I spent extra on TurboTax Premier, when apparently TurboTax Online has features Premier does not? on Investing. January 28, 2021 12:17 PM
- Cheered Re: Backdoor Roth IRA for macuser_22. January 28, 2021 12:11 PM
- Cheered Re: Backdoor Roth IRA for ReformedGuy. January 28, 2021 12:11 PM
- Cheered Backdoor Roth IRA for ReformedGuy. January 28, 2021 12:10 PM
March 31, 2021
1:07 PM
@smithers123296 @VolvoGirl Didn't my procedure to generate worksheets TurboTax work for you?
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March 7, 2021
10:18 PM
Who do you want to talk to and about what topic?
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February 13, 2021
12:52 PM
Have you tried the procedure from the post at this link? It works for me. I'm using the web-based TurboTax Self-Employed. Here is the procedure: Log into the account you filed the return in Click Tax Home to the left Scroll down to Your tax returns & documents and click Show Select Add a State to get back in return. (Don't worry. It doesn't add another state to your return.) In the left hand-menu, select Tax Tools. Select Print Center. Then choose Print, save or preview this year’s return. Now check the 2017 federal returns (or 2017 state returns) box and choose which forms to print out or all worksheets. Select View or print forms, then go ahead and print. Here's what it looks like:
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February 11, 2021
8:29 PM
How does TurboTax determine if income from a business is eligible for the Qualified Business Income (QBI) deduction? I do not understand the IRS Form 8995 instructions. I get the mechanics of calculating the amounts, but how do you determine if a business on each Schedule C is eligible at all for the QBI deduction?
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February 4, 2021
2:57 PM
@EbonyL122824 wrote: Can you verify the program you are using and also if it is in the state or federal section. Here's how you get to the page with the bug: Income & Expenses - Self-Employment Income and Expenses - Employee Wages and Work Credits (under EXPENSES) I'm using the web bersion of TubrboTax Self-Employed 2020.
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February 3, 2021
8:22 PM
Is this a bug? It shows the money we spent on employees in 2019, and then it asks for 2019 W-3 Box 1. I'm almost sure it means 2020.
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Is there a Premier that is not as good as the online Premier? In recent years I've only bought the online TurboTax Self-Employed version. I haven't compared it to the Desktop version. I used the Desktop version long ago.
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The brokers I have used give you the option of accounting for transaction on the basis of first-in-first-out (FIFO) or last-in-first-out (LIFO). I think (ask someone who really knows) you're free to decide later. There are issues, though, if you sell and and then repurchase just to realize the gain in particular tax year or if you take a short position to lock in gains but defer the taxes to a later year. For me the brokers always give me a report that I used to file taxes. The few years where I had a complicated situation, I've used an accountant. Most of the time the statements from the brokers gives enough info to answer TurboTax's questions.
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Premier is a level of TurboTax available online.
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January 28, 2021
12:07 PM
The credit score does not matter. The bigger problem is you had to cash out part of your retirement, causing you to pay taxes and penalties if your below retirement age. If you can find any job and replace the retirement money before the time limit (not sure what it is) and avoid the penalty and taxes, that would have way more benefit than your credit score. If it's too late, just max out retirement next time and don't take on any debts that would make you have to cash out retirements again. It's contrary to some info out there, but in some ways a good credit score could be part of your problem. It made it easy to borrow money, and then you had to cash out retirement. You want to build wealth, not your credit score.
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