[Event] Ask the Experts: Extension Filers

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Extension Filers | Ask the Experts

Join us on Wednesday, September 17th any time between 9:00 am and 5:00 pm Pacific Time for our latest installment of our Ask the Experts event series. The rush is on to meet the extension deadline. We’re here to help answer all your last-minute tax a... read more

residential rental tile roof

Residential rental had tile roof, paper and 2 sheets of plywood removed, paper replaced and same tiles reinstalled. IRS default is 27.5 years. Work is given 10 year warranty. Is this considered a repair, tax expense?

Penalties & Interest

I filed late and owed and did not file for an extension. However, when I did file Turbo tax did not calculate the proper amount that I owed (in penalties), so then I got a bill from IRS... with all these extra charges that the software should have an... read more

Unpaid Taxes Due For Previous Years

Hello, I recently logged into my IRS online account and just realized that I did not file federal taxes for years 2022 and 2023 (I live in Texas so there is no state tax to file for those years). I completed those returns but apparently I never sent ... read more

Excessive Roth Contribution

Turbo Tax flagged an excessive Roth contribution in 2024. I filed and paid by taxes on time. I just recently had the excess contribution removed. Do I need to file an extension, and/or an amended return? And how/where would I show that on an amended ... read more

Reporting Trust Distributions

I am the executor of a non-grantor complex irrevocable trust created on the date of death. The only distributions made in 2024 were inherited property and cash from the will. There were no distributions of income. The income generated by the trust in... read more

Extension and completion

I filed an extension in April and paid a bunch of money because a 1099 was coded incorrectly. I finally got the corrected 1099 and thought I would file with turbo tax, but it thinks I still a bunch of money. The money owned didn’t change, so do I rea... read more

I overcontributed into my HSA through my employer in 2024. I withdrew the excess contributions in early 2025. I'm confused about how to report that.

I've seen several people post that they just input the 1099 as is, and the app asks them if they withdrew the excess contributions or not. However, I don't get any of that wording on my end. I'm curious if it's because I had to pay back federal taxes... read more

Rollover question

I rolled over $25K from a 457 account to a traditional IRA, and then rolled over $16K from the traditional IRA to a Roth IRA. When I filed my taxes, I only reported the $16K conversion because it was taxable. But I have read some stuff indicating I p... read more

Capital Gains

Dad passed and I have been hearing that I need to get a step up in basis to minimize Cap Gains tax on the house sale.. Will the info from realtor satisfy this saying how much houses are in the area or do I need a specific type of appraisal?

Filling Form 8858 for FDE

I need to file form 8858 for my FDE. Where in TurboTax do I find it?Thanks.

Owe taxes

Hello, What happens if you owe taxes but can’t pay?

Is there a penalty/interest for filing after October 15 if a refund is owed to me?

I have overpaid my 2024 quarterly Estimated Taxes and will be due a refund or credit for 2025 taxes. Is there any penalty or interest due if I am unable to complete the return by October 15, 2025? For example: if I don't file the return until Novembe... read more

Splitting foreign income and capital gains from financial years different from calendar years

Hi,For passive foreign income and long term capital gains in a country where the financial year (April-March) is different from the calendar year (Jan-Dec), how will the foreign income and tax credits for foreign taxes already filed be split for US t... read more

Excess Roth IRA contribution

I made $1000 excess contribution to my Roth IRA for Year 2023. The contribution was made in March 2024. I contacted the broker in July 2025, and they reclassified the excess as 2024 contribution. So both 2023 and 2024 total contributions are within t... read more