Author: SoftwareFiestaTeam

The IRS will bill you for this; it will not be calculated by Turbo, and tax. Since you are filing a late 2020 return, the IRS will not have a 2020 AGI in the system for you. When the 2021 software asks for your 2020 AGI so that you can e-file 2021, use “zero.”. You […]

As the answer above says, you’ll have to get the 8990 from the irs website and file by mail . Hopefully next year Turbo. Tax will support it. It’s a new form this year. There is definitely a reason for filing the 8990, especially if the code is 13k, excess business interest expense. Does turbotax […]

, turbo Tax Free Edition is the name for a free version of Turbo, and tax. It is not the same as the Turbo. Tax Free File edition, which is part of the IRS program., turbo Tax Free Edition is free for people who are filing very simple returns only. Another frequently asked inquiry is […]

If your LLC is a single-member, your company will be treated as a sole proprietorship, and you can use Turbo. Tax Home & Business. If you have a multi-member LLC, it is best to choose Turbo, and tax business. For one-member LLCs that have multiple members, you will need Turbo. Tax Business (the same as […]

By default, Turbo. Tax files are located on your C: drive [unless you have changed your settings] at this address: C: Usersyour name, documents, turbo, and tax. The files have an extension “.tax[YEAR],” for example, .tax2020, .tax2019, etc. You can search your hard drive for Turbo. Tax files by putting an asterisk in front of […]

If you only have a W-2 from work and various Form 1099s, you may only need the Turbo. Tax Free Edition. The Form 1099’s the Basic version supports are: 1099-MISC – Miscellaneous Income; 1099-INT – Interest Income; 1099-DIV – Dividend Income; 1099-G – Certain Government Payments; These questions can help you figure out which version […]

Pending simply means that your e-filed return is on its way and that the government hasn’t accepted or rejected it yet. If you e-filed your return before February 12, it’ll stay in Pending status until the IRS starts processing the backlog of returns. After that, e-filed returns generally sit in Pending status for 24–48 hours […]

, and https://turbotax., and intuit. Com/tax-tips/e-file/video-e-filing-for-a-faster-refund/L0Htz2kml It could also be due to a CAPTCHA not appearing, that is where you typically check mark “I am not a robot.” Log out and clear your browser Internet cache. Close the browser and reopen it. To e-file your tax return, you’ll need to submit all your W-2 information […]

If you have just interest and dividends (Schedule B) you can use any version of Turbo, and tax. However, if you have capital gains /losses reported on a brokerage statement, requiring a Schedule D, you need Turbo. Tax Premier (Online) or any version of Turbo, and tax cd/download. Generally, if you have stock trades that […]

MAX is the ultimate add-on for tax filing and identity protection, should you feel you need it., all turbo Tax plans come with a multi-state filing option. This feature can be great if you have multiple states you need to file taxes in. You could be asking “Should I buy turbotax max?” However, if you’re […]