Hi, I use TurboTax Premier 2018. When I entered a gain from stock, at first I accidentally entered it as short-term. When I fixed it by changing it to long-term, the tax owed calculation remain the same. Is this a bug? Did I miss something?
I had a hospital bill I thought my insurance would cover, but it didn't, and it was quite a big bill. I offered to make payments with the hospital but they insisted I pay off the debt in 6 months so they payments were much higher than I could afford....read more
I received a K-1 from a trust that includes non-CT tax exempt income. This is included in Box 14A of the K-1. So far so good. The problem is that the K-1 mailing also includes a CT-1041 K-1 that shows a fiduciary adjustment which also includes the ta...read more
I live in California, just finished the Federal tax part and the system recommends me to use standard deduction. When working on California state tax, I got a question about the part of "How California Handles Mortgage and Home Equity Interest" in Tu...read more
My spouse came to the US in Feb 2018 with a tourist visa. I am holding a H1B. We got married in May. She filed an application for changing her status to H4 before her I-94 expired. She left the US in Nov 2018 before we received any response to her vi...read more
I contributed $6500 into a traditional IRA in early March 2019 for 2018. I soon realized that I don't qualify to make the contribution and had it reversed as an 'excess contribution' one week later. I was told that this will generate a 1099-R for 201...read more
I filed joint taxes for me and my spouse using turbotax self-employed. He is listed with the self employed business. When I entered our information, name, birthday, ssn, I put myself first. On the tax forms my name and ssn comes first for our joint f...read more
I purchased a Commercial rental property in 2016 on installment. I rented the building to a gentlemen who ended up not paying rent, turned it into a lawsuit and I could not pay the loan so the installment was revoked in 2018 (I did not sell). How do ...read more