HelenaC
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- Got Cheered for To enter your IRS interest form: Type 1099-int in the s.... April 17, 2022 4:50 PM
- Got Cheered for Since you rolled over the retirement funds in a timely ma.... April 16, 2022 12:28 PM
- Got Cheered for In TurboTax, check the box in front of My form has info i.... February 19, 2022 4:45 PM
- Got Cheered for Yes, if you own a rental – or three – but don’t qualify a.... February 9, 2022 10:20 AM
- Got Cheered for To enter your 1099-INT interest form: Type 1099-int in t.... February 7, 2022 7:54 AM
- Got Cheered for For income tax reporting purposes, when you rent out your.... January 27, 2022 3:24 PM
- Got Cheered for To enter your IRS interest form: Type 1099-int in the s.... January 22, 2022 7:21 AM
- Got Cheered for A qualified retirement plan is an employer's plan to bene.... December 28, 2021 4:07 PM
- Got Cheered for Yes, you can deduct the scooter and hospital bed as a med.... November 19, 2021 1:12 PM
- Got Cheered for Property improvements get added to your property's cost b.... April 15, 2021 9:18 PM
- Got Cheered for The Premium Tax Credit (PTC) subsidy you got every month.... April 4, 2021 2:24 PM
- Got Cheered for No, do not report stock sales in Roth IRA's, Traditional.... April 1, 2021 6:37 PM
- Got Cheered for To enter your IRS interest form: Type 1099-int in the s.... March 21, 2021 9:01 PM
- Got Cheered for [Information added from Super User Carl 4:55 am 4-4-17 PS.... March 21, 2021 2:13 PM
- Got Cheered for The costs associated with obtaining a mortgage on rental.... March 14, 2021 12:17 PM
- Got Cheered for Yes, current tax decisions do allow firefighters to deduc.... March 6, 2021 11:42 AM
- Got Cheered for You have a choice on when you report your bond interest..... February 28, 2021 11:00 AM
- Got Cheered for To enter your 1099-INT interest form: Type 1099-int in t.... February 26, 2021 5:25 PM
- Got Cheered for 401(k) Rollovers show as income but are not taxable. Turb.... February 25, 2021 9:43 AM
- Got Cheered for It depends if you deducted your health insurance premiums.... February 20, 2021 7:51 AM
June 12, 2019
1:20 PM
This is a very common situation. No, it will not look like she had insurance for only six months if you entered that you had insurance all year. See the screenshot below.
You met the Affordable Care Act requirement to have health insurance in 2016 if you were covered through:
your employer (employer-sponsored health insurance, or insurance through your work, or your spouse's or parent's work)
a state, federal or private Health Insurance Marketplace (including Healthcare.gov, and plans purchased through state Marketplaces, which are also known as exchanges)
The six months will only reflect that she had a Marketplace health insurance policy for six months. Marketplace health insurance policies require that form 1095-A be completed whereas forms 1095-B and 1095-C, do not. Related Information:
What’s my state Marketplace?
Where does the information on 1095-A go on my tax return?
What is the 1095-A?
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June 7, 2019
5:38 PM
https://ttlc.intuit.com/replies/3301662
If you have a Mac, see Can I transfer from a PDF to 2018 TurboTax for Mac?
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June 7, 2019
5:34 PM
You can't do the state without the federal. The federal information flows to the state so you'll have to enter the information. Is all your info in the federal or are you waiting for additional forms? You won't be able to e-file. You'll have to mail in your state income tax return.
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June 7, 2019
5:34 PM
You may not need to file a state extension. Often times the state grants you the extension when you file your federal extension. However, you need to check with your states Department of Revenue for their extension requirements.
See How do I contact my state Department of Revenue?
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June 7, 2019
4:52 PM
If you used TurboTax and amended your 2016 income tax return before completing your 2017 income tax return, the adoption credit carryforward carries over from 2016 to 2017. Otherwise, print out the 2016 Adoption Credit Carryforward worksheet. The carryforward credit is on line 18. Line 16—Credit Carryforward to 2017
If Form 8839, line 15 is smaller than line 14, you may have an
unused credit to carry forward to the next 5 years or until used,
whichever comes first. Use the Adoption Credit Carryforward
Worksheet to figure the amount of your credit carryforward. If you have any unused credit to carry forward to 2017, be sure
you keep the worksheet. You will need it to figure your credit for
2017. See Inst 8839 Instructions for Form 8839, Qualified Adoption Expenses.
To enter your Adoption carry-forward
amount:
Type adoption credit in the search bar and click search.
Click
on Jump to adoption credit.
Enter
your child's information.
On
the Tell
Us A Little More About this Adoption screen, click on I filed Form 8839 in a prior year
for this child.
Continue
with the onscreen interview until you get to the Adoption Credit Carryforwards screen. Enter your amount(s).
Related information:
How do I claim the
Adoption Credit?
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June 7, 2019
4:39 PM
You won't be able to amend your tax return at this time because the IRS hasn't issued the 1040-X Amendment form. The IRS estimate for issuing the 1040X form is February 14, 2019. Please see the following TurboTax FAQ instructions on how to amend your tax return once the IRS issues the 2018 form: https://ttlc.intuit.com/replies/3288565 [Edited 2-3-19|5:08 am PST]
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June 7, 2019
4:37 PM
TurboTax does not have access to your W-2 but you may be able to import your W-2, from your employer or your payroll provider, into TurboTax. See Will I be able to import my W-2 before I get it in the mail? and How do I find my employer's EIN or Tax ID?
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June 7, 2019
4:26 PM
See the instructions below on how to enter your Hawaii pension so it is not taxable. TurboTax Hawaii uses the following pension code (Form N-11 filers only): G - Government, military, other qualified retirement (if employee did not contribute). If your distribution qualifies, you can deduct it from your Hawaii taxable income. To qualify, the distribution must be one of the following:
From a government retirement system (e.g., federal civil service annuity, military pension, state or county retirement system)
From a private employer pension plan received when you retire (including early retirement and disability retirement) if you did not contribute to the pension plan when you were working. This includes mandatory amounts taken after age 70 1/2 to comply with federal pension rules.
From an IRA account funded with a rollover distribution from a private employer pension plan if you did not contribute to the plan when you were working.
To get the Hawaii state pension
deduction, you will first have to enter the necessary information in your Federal Income tax return and then in
the Hawaii state income tax return.
Here are the steps to enter your
exempt Hawaii state employee pension
:
On the left navigation bar, click on Federal.
In the search box, type in 1099-R
Click on Jump to 1099-R
On the Your 1099-R Entries screen, Edit your 1099-R.
Continue with the onscreen interview until you get to the Where Is
This Distribution From? screen
Select one of the first two options and enter the Hawaii Distribution Amount, Hawaii withholding, if any, and the Payer's HI State ID No.
Click on Continue
Click on From a Qualified Plan
Continue
answering the questions.
On the Any Periodic Payments screen, click Yes.
Continue with the onscreen questions until complete.
On the Hawaii state return portion: Review the Pension Deduction Summary for the
deduction.
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June 7, 2019
4:21 PM
It depends what state.
Because payments received from your 401(k) account are considered income and taxed at the federal level, you must also pay state income taxes on the funds.
The only exception occurs in states without an income tax.
Your 401(k) plan may offer you the opportunity to have taxes automatically withheld from a withdrawal. If you are unsure if your account offers this option, contact the administrator.
Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming have sales taxes but don't impose state income taxes, or levies on Social Security and pension income. State-by-State Guide to Taxes on Retirees - Kiplinger
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June 7, 2019
4:18 PM
If you want to claim business startup expenses, you need to file a Schedule C Profit and Loss From Business.
You can enter your startup costs as follows:
Click on Federal on the left navigation column.
Click on Income & Expenses tab.
On the Let's get the details on what you told us earlier.... screen, click Start on Self-employment income and expenses.
On the Did you have any self-employment income or expenses? screen, click Yes.
Continue with on onscreen interview until you get to the What kind of expenses did you have for Real Estate? screen.
Click on Startup costs.
Continue with the onscreen interview until you get to the Here's your Real Estate info screen.
Click Start next to Startup costs.
Continue with the onscreen interview until complete.
The IRS allows you to deduct $5,000 in business startup costs and $5,000 in organizational costs, but only if your total startup costs are $50,000 or less. If your startup costs for either area exceed $50,000, the amount of your allowable deduction will be reduced by that dollar amount. 3 Tax Deductions For Startup Businesses | QuickBooks
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