Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [turbotax]

For questions about using Intuit's TurboTax software

98 questions
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How to report $27 in cap gains affordably

I'm preparing my taxes using TurboTax's basic free tier. Last year I had $26.62 in realized long term capital gains. To report this using TurboTax, I need Premier, which is a $54 add on. Even in a fairly low tax bracket, I'm assuming the IRS cares…
Lost Odinson
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Should I choose Itemized or Standard deduction?

I see I am saving more when I choose Itemized deduction, even though its less than standard deduction. Is that normal? And in this case should I choose itemized and disregard recommendation of Turbo Tax? Screenshots below. When I choose Standard…
hmajumdar
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I e-filed my taxes ONE SECOND after the deadline - am I in trouble?

I am a US resident and last night I e-filed my 2019 federal income tax return with TurboTax and I owed money. (I know you should NEVER wait for the last day but it's been a couple of crazy weeks so I did not manage to do this before despite its…
Gabe
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When you e-file your taxes with TurboTax, does Intuit get a copy of your personal information?

When you e-file your federal taxes with TurboTax's PC software, do the tax forms go through Intuit's servers, or are they submitted directly to the IRS somehow? i.e. do Intuit servers ever see a copy of your filing, or no?
user541686
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If I can be claimed as a dependent, what do I do without my parent's tax information?

I'm filing my 2016 taxes. Although I was not claimed as a dependent by my parents, I meet the qualifications of being claimed as a dependent. When filling out my tax return via TurboTax Freedom Edition, it asks for information from my parents' tax…
Jacob
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RSU already included in W-2

My employer includes the bonus given as RSU on the W-2. How to correctly import the data from E*Trade (who manages the RSU and provides tax forms) into turbo tax (or any other tax software) so it does not get double counted ? The tax election for…
Bax
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Do I have to wait for my W-2s to fill my tax return for the previous year?

First year out of college (and my first paid jobs ever). I worked at 3 different companies last year (2 as a full-time employee and 1 as an independent contractor (1099-MISC)). Do I need to wait for my W-2 or do companies like Turbotax etc. auto…
Raj
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Employer paid rent as part of income?

In 2017, my wife's employer paid for our rent as per her contract. The employer added this to her monthly salary. She received a 1099 at the end of the year. I considered this money income when calculating our tax burden on TurboTax. Was I correct?
D. Vyd
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Hobby vs. Business

I do a small amount of tutoring. On my tax returns, I do not want to list it as a business because that makes my returns more complicated than they need to be and makes my tax prep software more expensive. I do enjoy tutoring, and I don't rely on…
LN6595
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TurboTax Made an Error - Should They Pay?

I used TurboTax to file my college-age daughter's 2012 tax return. TT said she was eligible for a $1,000 American Opportunity Credit. We claimed it and got no argument from the IRS. I used TT again for her 2013 return. She was still a college…
user249493
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Is it worth it to buy TurboTax Premier over Deluxe if I sold investments in a taxable account?

I sold investments in a taxable account in 2013, include shares from an employee stock purchase plan (ESPP). I have always used TurboTax and am planning to again, but I'm trying to decide which version. I have state income taxes so getting at least…
Craig W
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Turbo Tax Reporting Income with No 1099

I use Turbo Tax for Business and I have already entered all the income I received from 1099 MISC. But I do have other income which does not provided any 1099. This includes Google Adsense, Apple Apps and some other side projects I did. Where do I…
john doe
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How do I reconcile income taxes withheld and remitted to the wrong state?

I work remotely from my home office in Atlanta, GA for a NYC-based company. I started at this company in 2016 and I just received my first W-2 form. My company uses Just Works as a professional employer organization so my W-2 was issued by Just…
Daniel
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Does TurboTax mail my state forms for me?

I just filed with TurboTax, and it mentioned along the filing process that my state taxes (for Idaho) have to be filed by mail, though they didn't show the forms to actually mail in. Does that mean TurboTax mailed them for me? Or do I need to do my…
Qix - MONICA WAS MISTREATED
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What are some factors I should consider when choosing between a CPA and tax software

Its my first time filing taxes on my own and I need to decide between using some tax software like TurboTax or hiring an accountant. What are some factors I should consider when making this decision?
David says Reinstate Monica
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