You have to think about the spirit of what the IRS intended and about how it has been interpreted since the law's inception. A student could "enroll" and never go to class. You have to attend the class you are enrolled in for some part of five months. ... View more

    You can't efile form 5329 in the Online version. You will need to be in the Desktop version.   Please see this answer from ReneM7122:   To access form 5329, you have to use Forms Mode.  Please note, this could waive the 100% accuracy guarantee.  You can use TurboTax Live and ask an expert for help, however, if you would like continue on your own, here is how to access form 5329:   If you are using the CD/download version:   Enter the forms mode and click on open form. Type in 5329. Choose 5329-T for the taxpayer (first person listed on your tax return), or 5329-S (for spouse - 2nd person on tax return).   Scroll down to Part IX line 52 and enter the RMD amount that should have been taken. On line 53 enter the amount of the RMD that was actually taken (probably zero if it was missed).   Then in the box right under line 53 "Waver of Tax Smart Worksheet" enter the same amount as line 52 (the RMD amount). Then click the "Explanation" button and enter the reason for missing the RMD and your statement requesting a waver.   You will not pay any penalty now until the IRS determines if it will grant the waver, then they will inform you if you owe the penalty.   OR - if using the Online version and have no 2019 1099-R to file, you will have to prepare the 5329 manually .   Download the 5329 form from the IRS website and fill it out the same as above. Print and mail your return with the 5329 form and explanation attached as described in the 5329 instructions.   The 2019 5329 must be attached to your printed and mailed 2019 tax return and cannot be e-file ... View more

No, Federal income tax is never deductible. ... View more

Yes, they bought your land. This is income. ... View more

Look at your bank statements. ... View more

Yes. Line 4 of Form 8880 says this:   Certain distributions received after 2018 and before the due date (including extensions) of your 2021 tax return (see instructions). If married filing jointly, include both spouses’ amounts in both columns   See Form 8880 with instructions. ... View more

The money you took out of your 401k would be listed on Form 1099-R, not a W-2. Yes, it is income.   Here's how to enter your 1099-R: Open (continue) your return if you don't already have it open Search for 1099-R and select the Jump to link in the search results Answer Yes on the Did you get a 1099-R? screen If you land on the Review your 1099-R info screen instead, select Add Another 1099-R Answer any questions until you get to the import screen. You'll be prompted to enter your financial institution account info and TurboTax will directly import your forms If you prefer to type it in yourself, select Change how I enter my form and continue through     ... View more

There is no home office deduction if there is no income. You can depreciate your machinery. List it as an asset on Schedule C.   Follow these steps to go to the Schedule C section of your return:   On the top right corner of TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner). Type in “schedule c” (or for CD/downloaded TurboTax, click Find). Click on “Jump to schedule c”. Click on the blue “Jump to schedule c” link     ... View more

Employee business expenses were eliminated in 2017 with TCJA. Prior to this you could take these expenses. They are no longer deductible.   Use Form 2106 if you were an Armed Forces reservist, qualified performing artist, fee-basis state or local government official, or employee with impairment-related work expenses. Due to the suspension of miscellaneous itemized deductions subject to the 2% floor under section 67(a), employees who do not fit into one of the listed categories may not use Form 2106. See the flowchart below to find out if you must file this form. ... View more

You might have reversed the percentages. Go back over the questions.  ... View more