Comments on: TurboTax Answers Your Most Common Tax Questions

By: TurboTaxChristopherT

TurboTaxChristopherT — Sat, 13 Apr 2013 16:01:32 +0000

Hi – There is no way to combine withholding from two different states. You will instead need to file state returns for each — probably one non-resident and one resident return. The attached link has more information. Hope it helps… –Christopher http://turbotax.intuit.com/support/go/GEN83627

By: TurboTaxChristopherT

TurboTaxChristopherT — Sat, 13 Apr 2013 15:59:26 +0000

Hi Shannon – You can claim as an itemized deduction either your state & local income taxes or your state & local sales taxes. If you choose to deduct sales taxes, then you can include certain major purchases such as cars. The attached link has more information. Cheers… –Christopher http://turbotax.intuit.com/support/go/GEN12386

By: Shannon

Shannon — Sat, 13 Apr 2013 14:04:42 +0000

I purchased a new vehicle in 2012… do I get a tax deduction for the sales tax I paid?

By: Tanbesm

Tanbesm — Sat, 13 Apr 2013 09:00:41 +0000

I live in one state and work in another so taxes were withheld in both states. Is there a special code to enter into turbo tax to combine the state taxes to reflect the correct total?

By: Mark

Mark — Wed, 27 Feb 2013 19:04:32 +0000

Why does line #44 on Form 1040 show no tax due when line #43 has $53,203 in taxable income? I’m using TurboTax Premier 2012 (Windows PC).

By: TurboTaxLisa

TurboTaxLisa — Sun, 17 Feb 2013 08:23:44 +0000

Hi Patty,
Here is an FAQ that may help you
http://turbotax.intuit.com/support/iq/Efile-status/E-file-status-is–Pending–but-the-IRS-or-State-has-no-record-of-your-return/SLN45426.html
Thank you,
Lisa Greene-Lewis

By: Patty

Patty — Thu, 14 Feb 2013 21:07:13 +0000

I filed both state and federal taxes through TurboTax on February 4th. My federal return is in process, but my Illinois says they have not received my state return. Can you explain this, please?

By: bertha stull

bertha stull — Mon, 04 Feb 2013 02:28:12 +0000

is the state tax refund direct deposit or is it mailed seperatly by the state

By: Miss Gt

Miss Gt — Thu, 31 Jan 2013 14:39:08 +0000

Thank you!

By: TurboTax KarenL

TurboTax KarenL — Wed, 30 Jan 2013 23:25:10 +0000

Hi Will –
You will file a final tax return to claim any income and expenses you had for 2012. Make sure to close out (dispose of) any assets you had for the business as well. The software will walk you through all of this, but if you need help…just let us know.
Thanks,
Karen

By: TurboTaxChristopherT

TurboTaxChristopherT — Wed, 30 Jan 2013 19:10:33 +0000

Hi! The version of your income tax return appears in the upper left corner of your return document. Look for a large “1040″ or “1040A” Cheers!

–Christopher

By: Will

Will — Wed, 30 Jan 2013 01:46:42 +0000

Hi, Lisa

I closed my business last year what do i do
on turbotax? or how and whats the steps?
thank you

By: Miss Gt

Miss Gt — Tue, 29 Jan 2013 13:57:21 +0000

Hi! I did my tax myself using Turbotax. The thing is, my son is applying for financial aid for college and they form asked the question what form did your mom use to file her tax. How do i know what form i use? Was it a 1040, 1040A ? etc

By: Miss Gt

Miss Gt — Tue, 29 Jan 2013 13:48:07 +0000

Hi! I did my tax myself using TurboTax. The thing is my son is applying for financial aid for collage and one of the questions is did you file a 1040 or 1040A etc, how can i know what i did file?

By: timothy.s.power

timothy.s.power — Mon, 28 Jan 2013 16:39:04 +0000

Lisa,
Has the 2012 turbo tax software been updated so that we can file a 1040-A (itemized deductions) (i.e. the alternative minium tax tables have been adjusted)?
V/R
Tim Power

By: TurboTax KarenL

TurboTax KarenL — Wed, 23 Jan 2013 21:19:57 +0000

Hi S. Pierson –
Are you asking about ordinary income taxes? There really isn’t an age where you stop…but rather, if you have taxable income. Taxable income can be from wages, investments, self-employment, retirement funds, and other types of income.
I hope this helps. If not, let us know more details and we can help you out.
Thanks,
Karen

By: S. Pierson

S. Pierson — Wed, 23 Jan 2013 01:54:19 +0000

At what age do you stop paying taxes?

By: TurboTaxLisa

TurboTaxLisa — Tue, 22 Jan 2013 20:19:44 +0000

Hi Lanette,
If the checks are made out to you and you have legal right to receive the benefits then a portion of the benefits needs to be used to see if any of the benefits would be taxable and your children would have to do the same. The benefits may not be taxable at all. It depends on the other income you receive.
TurboTax ask all the right questions and figures this out for you.

Thank you,
Lisa Greene-Lewis

By: Lanette Wackerle

Lanette Wackerle — Tue, 22 Jan 2013 04:13:57 +0000

I file only property tax and heating tax credit.
My two Daughters with dissabilities both work.
I need to know if I claim their ss that they get monthly and also disablity also monthly on my taxes or theirs.
I am the Payee…they are the beneficiaries.

By: TurboTaxLisa

TurboTaxLisa — Sun, 15 Apr 2012 07:13:33 +0000

Hi Cindy,
I think you are talking about your son’s portion. If so, he can deduct this as a start up cost for his business depending how the business is going to be set up. He would need to do a schedule C if they are not setting up an LLC, an S-Corp, or C-Corp. I would suggest using Deluxe or Premier.
Thank you,
Lisa Greene-Lewis