Leaderboard

Have you checked to make sure you have the latest version of the form in question?

On my own return I have an IRA gross distribution of XXX and taxable amount of X in box 2a with a QCD of XX listed and the box checked below. No matter whether I input the taxable amount or assume it will be calculated, the taxable amount does not appear on page 1. I really hope I don't have to call support as I spent about 6 hours Friday-Tuesday getting a solution to my TY2023 program not opening. HAH! Nevermind. A last attempt proved to be the solution. Leave out the amount (which I know to be taxable, X, in box 2a, check 2b Check if taxable amount not determined. I guess we are not trustworthy enough to actually determine the taxable amount so must allow the program to do the calculation. Oh well, as long as it works now and I don't have to call support. Have a nice day!

May I ask what state ID number you're referring to? CA driver's license? or the W-2 State ID number?

Right Kathy, the question was really about the total contributions to all IRAs, and the self-employed SEP contribution is considered to be made by the individual himself, not the employer.

Maybe because your question is clear as mud? The combination of Traditional IRA's and Roth can not exceed 7,000 (8,000). Having a SEP, SIMPLE, etc does not affect Trad/Roth as long as earned income is sufficient to cover both and MAGI is low enough that phaseouts aren't in play.

First, to state the obvious, a SEP is a type of IRA that employers contribute to, and plans may allow employee contributions to it. Then, Because you say this is a self-employed SEP: this would be used for those businesses reporting on Sch C (sole props, disregarded entities) or partnerships on Sch E, and those contributions are considered contributions by the individual and are reported as an above-the-line deduction that comes from line 16 of Schedule 1, and that is why it is being factored in on the Roth limitation worksheet. Does the return have an entry on that line? It would be different if your client was a W-2 employee of his own company (a C or S corp): employer contributions would not be taken into account for the limitation you asked about, but if client as the employEE contributed to the employer plan, then those would factor in to the Roth limitation.

Using the search file option: Using IRS.gov: https://www.irs.gov/government-entities/irc-section-501c4-homeowners-associations https://www.irs.gov/pub/irs-pdf/i1120h.pdf

No you don't. Desktop authenticators are available. I found a simple desktop authenticator called Authme. Authme is a simple, cross-platform two-factor (2FA) authenticator app for desktop. It allows you to manage your 2FA codes directly from your computer, making it convenient to access and use them without needing your phone. I entered: https://authme.levminer.com into my desktop browser search bar and downloaded. It even placed a shortcut on the desktop! Once open, I clicked on the import icon, then the ‘Setup a key’ button. Required 2 entries: Name (ATX 2024 or such), and the long alphanumeric value which is associated with the authentication QR Code (the third field for email address is optional) Click ‘Confirm”. Done!!!!

Not true. You can deduct cost of goods sold, but in this case, there are no goods.

i have the same issue for both CA 540 and CA 100-S. Federal returns were accepted but CA returns were rejected.