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From the community
When I leave the Basis Amount Reported field blank, Turbo Tax inserts a zero. Then error check complains about it. How can I get past this?
From the answer: I am having the same issue.... I had NQSO's and I needed to correct the basis reported field because the income and tax withheld was already reported on my W2.
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From the community
I have social security disability income and taxes that were withheld from 2015. where do I enter that information
From the answer: Please follow the steps below to enter you Social Security benefits, Form 1099-SSA.... 1. Federal Taxes 2.
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From the community
I forgot to input the student loan interest after filing my taxes?
From the answer: Once you transmit your return you cannot change it or get it back.... You would have to wait until your return gets rejected or accepted.
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From the community
Wont get a T1098 only a receipt for tuition paid. will this work?
From the answer: Yes you can claim this amount if paid to an eligible educational institution .... In the TurboTax input where you enter Tuition Expense, you'll be asked if you received a Form 1098-T.
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From the community
If single and using federal healthcare tax credit to reduce premium, then get married during the year, would the tax credit need to be paid back if the couples income exceeds the amount for which credits are available?
From the answer: Hi - yes, if you get married during the year, then the IRS effectively ignores the months that you were single, and looks at your combined incomes for the year to determine the credit.
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From the community
I have filed my taxes for 2015 and did not have healthcare for 4 months and according to the Benefit Assist I should be able to get those funds back.
From the answer: Normally, you get penalized for each month you didn't have insurance.... So long as you follow the prompts, you should get to a part where it tries to determine why you didn't have insurance.
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From the community
IF i efile, do I have to mail ?
From the answer: No. Keep a paper printout of your return, W-2's and other documents for at least 3 years in case the IRS wants them.
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From the community
Where exactly do I put in out of pocket expenses for costumes I bought for a charity I work for? These are costumes that I can only wear while working for the charity.
From the answer: Out of pocket expenses are deducted as a cash donation.
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From the community
I have medical benefits through the Veterans Administration. How do I apply to the question being asked about medical coverage ?
From the answer: Your coverage is not considered "Obamacare".... When going through the Health Insurance section, all you have to do is: a. answer " Yes " to " Did you have health insurance coverage in 2015 ?" b. select " No " to " Were you enrolled in a plan from Health
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From the community
I used turbo tax for my refund and I have return on federal, none on the state. what I supposed to mail to the state, the same as federal?
From the answer: There is no personal income tax in Florida.... So you do not have to file a Florida return.
