A little of both.  Your Medicare and SS taxes are your self-employment taxes.  TurboTax will calculate your total for Self-Employment taxes at the end of the year when you file your annual return.  However, you are supposed to make the payments quarterly.  You can use the estimator on TurboTax, of you can use QuickBooks Self-employed to track your income and expenses.  This will also tell you  how much you should actually pay each quarter which will keep you from having an underpayment penalty at the end of the year or having to pay a large lump sum at the end of the year.  ... View more

If you mark that you are claimed as a dependent on another persons return, you do not need to answer the insurance question.     Both of your parents will need to enter the 1095-A on their returns since the one that does not claim you has the insurance while the one that does claim you does not have the insurance.  Basically, they both enter the same information and allocate the percentages.  ... View more

Turb oTax cannot guarantee your entries are correct.  The guarantee is for the calculations and applying the current tax laws.    When your return is adjusted, it is usually because of entry errors on your return.  This year, the stimulus was a big cause of these errors. You should receive a letter from the IRS telling you why your refund amount was changed.  The most common reasons so far this season are: You did not enter that you received the stimulus payment in TurboTax, so your return said you were getting the money back, but the IRS caught it and said, no, you already received it. If you look at line 30 of your 1040 and it shows an amount there, and you already received the $1,400 per person last year when they sent out the stimulus payments, this is likely the reason.  If you do not remember getting the stimulus payments you can go back through your bank records to double check.  Many people either didn't realize they did receive it or they forgot, but end up seeing it when they go back through their records.  The Recovery Rebate is ONLY for those who did not get the  Third Stimulus Payment .  You did not report the full amount of your Advanced Payments for the Child Tax Credit that you already received.  Again, the IRS will catch this and make the changes to your return.  ​​​​​​​This would show on line 28 of your return. If you have 2 kids and you see $6,000 on line 28 then the IRS records show that you already received $3,000 in Advanced Child Tax Payments, but you entered that you did not receive any.   Again, if you do not remember getting these payments you can go back through your bank records from July-December.   A couple other reasons include You owed back taxes, child support, student loans or something else that caused your refund to be  Offset  to pay some of the past due debt. You should have received a letter if this was the case. Something was not reported correctly on your return and the IRS recalculated your return causing you not to have a refund. This could include things such as missing income or inaccurately reported income (ex. you entered $5,500 for your W2 box 1 instead of $15,500)   You should look for a letter from the IRS and if you do not have one or do not receive one, you would need to call the IRS at 800-829-1040 as no one else would have the answer as to why your refund was reduced. ... View more

Its a both.  Unless you have an unforeseen exclusion, you would still need to meet the two out of five year residents test.  So, if you sold it before two years, you would not qualify for the exclusion.  ... View more

Your 5 digit pin is any number you want to create.  You do not get it from anywhere, you simply make it up.  ... View more

To enter estimated taxes paid select the following: Federal Deductions and Credits Show More next to estimates and Other Taxes Paid Start next to estimated taxes ... View more

Yes, you need to say you are sharing the policy and if he is paying the premiums you will just need to allocate 0% to you. ... View more

Many people tend to skip the walk through for other tax situations.  You can  Amend Your Return  to include form 2210.  ... View more

Yes and no.  You can contest anything, but it is not likely that it would do you any good.  MAX would not help with contesting it as this is not an accuracy issue this is a common dispute issue this year.     If you do not think you received what the letter says, you should call the IRS to verify what they believe they sent you.  If you did not get the payments they claim you did, then you would need to ask them to reissue it separate from your return.  Entering what the letter says will be your best bet.  The IRS has been adjusting a lot of returns this year for both the stimulus payments and the child tax credit.  If their records show you received it, they will adjust your refund to match their records.  ... View more