No - just include the amount you received. ... View more

This is an issue to be taken up with the Social Security Administration (SSA).  Perhaps the payments continued because your girlfriend did not properly report her wages when she returned to work.  For more information on wage reporting, please see this article on the SSA website:  Update: Wage Reporting for People who Receive SSDI   Three courses of action come to mind: File Form SSA-561, Request for Reconsideration Call the SSA toll-free at 1-800-772-1213.  Go in person to a local Social Security office.  To find one in your area, click on this link:  SSA Local Office Locator   Hold off filing your girlfriend's tax return until the situation is resolved and the SSA issues you a revised SSA-1099.  If your girlfriend is unable to resolve the issue before the tax deadline (April 15 or October 15 with an extension), file the return with the information you have.  You can always amend the return later.   ... View more

To make the adjustment for a nontaxable lawsuit settlement on your NJ return, please follow these steps: If you haven't yet completed the interview for your NJ return, you will come to a screen, Other Non-Wage Income.  The amount from the 1099-MISC you entered on your federal return should appear.  On the next line, enter a description and the amount of the settlement as a negative number.   If you have already completed the NJ interview, go back into your NJ return.    On the screen:  You've Finished Your New Jersey Return, click the Update box next to Adjustments. Continue to the screen, Other Non-Wage Income, continue with steps 2 & 3 above. ... View more

You do not have to withhold tax on behalf of your co-author, since she is not your employee.  You would, however, issue her a 1099-MISC (which you can generate in TurboTax Self-Employed) for her share of the royalties.  You can fill out the 1099-MISC online and file it from your TurboTax return.  Please follow these steps: In your return, click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section. On the Your 2019 self-employed work summary screen, click on Edit next to your business.  On the Here's your [business] info screen, click on the box Add expenses for this work.  On the Tell us about any expenses screen, scroll down to Less Common Expenses, mark the radio button for Contract Labor and click Continue at the bottom of the screen. On the screen, Let's enter the contract labor expenses for your [business], click on the link Help me prepare and file W-2s and 1099s.  Then click on the link in the Search box. This will take you to the Quick Employer Forms website, where you can prepare your forms.     While royalties are normally reported on Schedule E, if you are in business as a self-employed writer, inventor, artist, etc., report your royalty income and expenses on Schedule C or C-EZ, not on Schedule E.     To prepare your Schedule C, please follow these steps:   General Information In TurboTax Self-Employed (online), click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section. If you haven't yet entered information on your business, you should see a screen, Tell us the type of self-employment work you do.  Enter a description of your work, for example: writing, dog training, graphic design, etc.) If you are filing a joint return, indicate whether the business belongs to you or your spouse and click Continue. Proceed through the screens, entering the requested information. When you have completed the interview, you will be brought to the Here's your [business] info screen, where you can enter more information on your business, like income, expenses, assets, etc. Income On the Your 2019 self-employed work summary screen, click Review next to your business.  On the screen, Did you pay any employees in 2019, mark No and click Continue. On the screen, Did you make these payments for your [XX] work? Mark the Yes radio button and click Continue. On the Here's your [business] info screen, click on the box Add income for this work.  On the next screen, Let's get any additional income, mark the button for the income source [1099-MISC, Additional income, etc.] and click the Continue box Continue through the screens, entering your business income. Expenses On the Here's your [business] info screen, click on the box Add expenses for this work.  On the Tell us about any expenses screen, scroll down through the categories, marking the appropriate radio buttons and click Continue at the bottom of the screen.  Turbo Tax will take you through the different categories to enter your expenses. When you reach the screen,  Did you make these payments for your [XX] work?  you will see a link to take you to TurboTax Quick Employer Forms [Help me prepare and file W-2s and 1099s].  Click on the link.    ... View more

Yes.  As long as the real estate LLCs are conducting business in IL and have income or loss allocable to IL, they are subject to Illinois income tax.  For more information, please see the IL-1065 Instructions.     ... View more

It is common for state K-1s to have different line numbers than the federal forms.  However, since the amounts are the same, Turbo Tax will automatically make sure the figures are reported correctly to MS and your resident state without having to enter them manually on the state returns.   It's important to include the MS property taxes, along with other itemized deductions, on your federal return.  Many states (including MS) allow you to itemize on the state return even if you end up using the Standard Deduction for federal purposes.   ... View more