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Wednesday
This makes no sense Intuit. You tried discontinuing this before only to reverse course after customer pushback. It's not like we customers suddenly abandoned ItsDeductible. Also, as pointed out by ...
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This makes no sense Intuit. You tried discontinuing this before only to reverse course after customer pushback. It's not like we customers suddenly abandoned ItsDeductible. Also, as pointed out by other customers, discontinuing less than 3 months before tax season is just plain stupid. This is NOT good customer service and there are no maybes on my end ... I am leaving Intuit and finding a different platform for my 2025 taxes.
Wednesday
Hi. Are they giving stimulus checks again?
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Wednesday
How to step up basis of rental property in Turbo Tax
Wednesday
@user17591775237 wrote: ItsDeductible is very useful for tracking charity deductions. I don't believe anyone would argue that point. It's just that apparently there aren't enough folks who n...
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@user17591775237 wrote: ItsDeductible is very useful for tracking charity deductions. I don't believe anyone would argue that point. It's just that apparently there aren't enough folks who need (or use) that exact functionality. If there were, Intuit would not be discontinuing it.
Wednesday
ItsDeductible is very useful for tracking charity deductions. Also, money donations are now an above the line deduction, so would be very useful for tracking multiple small donations.
Wednesday
No. All your income needs to go on the same tax return. Did your tax preparer file your full 1040 tax return? Or what did they file for just your property tax? Check with the tax preparer. If...
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No. All your income needs to go on the same tax return. Did your tax preparer file your full 1040 tax return? Or what did they file for just your property tax? Check with the tax preparer. If they filed a 1040 return they need to amend it to add the crypto info.
Wednesday
I have already filed my property taxes with my tax preparer. I just need to file my crypto now.
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Wednesday
Hello, Are you looking to add another state to your return? Check out this article: How do I file a nonresident state return?
Wednesday
Are you trying to enter your Social Security SSA-1099? If it's asking for an EIN number you are entering it in the wrong place. There is no EIN on social security SSA-1099. So delete it and enter ...
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Are you trying to enter your Social Security SSA-1099? If it's asking for an EIN number you are entering it in the wrong place. There is no EIN on social security SSA-1099. So delete it and enter it in the right place. Enter a SSA-1099, SSA-1099-SM or RRB-1099 under Federal Taxes Wages and Income Then scroll down to Retirement Plans and Social Security Then the second line - Social Security (SSA-1099. RRB-1099) - click the Start or Revisit button
Wednesday
@pk wrote:
@Atif-benyosef-alsiddiqi , salam aliquom.
Agreeing with my colleagues @xmasbaby0 and @Opus 17 for their excellent response to your question as articulated, I am just wondering as...
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@pk wrote:
@Atif-benyosef-alsiddiqi , salam aliquom.
Agreeing with my colleagues @xmasbaby0 and @Opus 17 for their excellent response to your question as articulated, I am just wondering as to what you are trying to achieve. So I would just to add the following :
(a) Currently the dependent deduction is zero
While the dependent "deduction" was removed from the tax code, there is a $500 credit for an "other dependent," which is what a child who does not live in your home might qualify for, under the conditions I discussed. Agree that this child can't make the taxpayer eligible for EITC, the Child and Dependent Care Credit (for day care expenses) or for head of household.
Wednesday
Not as far as I can tell.
If you are not a US person or US resident alien, then you only pay US tax on income that is either "effectively connected" to work, or that is considered "Fixed, deter...
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Not as far as I can tell.
If you are not a US person or US resident alien, then you only pay US tax on income that is either "effectively connected" to work, or that is considered "Fixed, determinant and periodic payments" (FDAP).
Pensions and IRAs are considered FDAP, so IRA withdrawals are taxed according to US law even if you no longer live in the US (because they are based on work you did while living in the US).
However, Roth IRA withdrawals are not taxable under US law if you are over age 59-1/2 and the Roth IRA has been open at least 5 years. So, while IRA withdrawals are technically taxable, this one is not as long as it is "qualified" (you are over 59-1/2 and the Roth IRA is at least 5 years old).
The trustee may be required to withhold tax, which means you have to file a 1040-NR to get the tax back. And, if you get a 1099-R, you should probably file a tax return to show that you received the income but it is not taxable (lines 4a and 4b)--otherwise the IRS may assume it is taxable and send you a bill or create a bill against you that could affect any potential return to the US later.
Wednesday
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Wednesday
Wednesday
you can't use average cost if you don't know the cost of all the shares you hold. you are left with specific identification. if you sell notify the broker which shares you are selling
Specific shar...
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you can't use average cost if you don't know the cost of all the shares you hold. you are left with specific identification. if you sell notify the broker which shares you are selling
Specific share identification. If you adequately identify the shares you sold, you can use the adjusted basis of those particular shares to figure your gain or loss. You will adequately identify your mutual fund shares, even if you bought the shares in different lots at various prices and times, if you: 1. Specify to your broker or other agent the particular shares to be sold or transferred at the time of the sale or transfer, and 2. Receive confirmation in writing from your broker or other agent within a reasonable time of your specifica tion of the particular shares sold or transferred. You continue to have the burden of proving your basis in the specified shares at the time of sale or transfer
some other things that night be useful
1) if you make cash donations, you can contribute this stock instead - (using pre 94 fifo) -which means. cost is irrelevant, you get a deduction for their FMV on the date of donation. there are rules concerning donations that must be adhered to such as getting an acknowledgement from the charity
2) this suggestion has risk because the IRS could take the position if you don't know the actual cost then it is zero. you probably know how many pre-94 shares you hold. if you know the date of the first shares purchased you may be able to use an average of the price on that day and the same thing for the last shares purchased pre-94. average the two prices and multiply by the number of pre-94 shares. Yahoo has a website where you can look up historical prices and dividend payments. if this is not feasible for lack of info you are sort of stuck with either specific identification or 1) above.
Wednesday
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Wednesday
A government shutdown can create uncertainty, especially if you filed a tax extension for tax year 2024. If you’re wondering how it might impact your tax return, here are the answers you need.
Ke...
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A government shutdown can create uncertainty, especially if you filed a tax extension for tax year 2024. If you’re wondering how it might impact your tax return, here are the answers you need.
Key Takeaways:
File by the deadline: The extended tax deadline of October 15 is still in effect for tax year 2024.
E-file for speed: The IRS continues to process e-filed returns and issue direct deposit refunds.
Should I still file my 2024 taxes by the extension deadline?
Yes. The October 15 deadline still applies, and you should file by this date to avoid potential late-filing penalties. The only exception is if you’ve been granted a specific extension due to a recent federally declared disaster.
E-filing is the fastest way to get your return processed, and you’ll receive an electronic confirmation once your return is accepted by the IRS.
Will the shutdown delay my tax return or refund?
According to the IRS, processing for most returns and refunds will continue as usual. If you e-file and choose direct deposit for your refund, the IRS will process your return and issue your payment as they usually do.
I have to file by mail. Will my return still be considered on time?
Yes, it will be considered “filed on time” as long as it is postmarked by the October 15 deadline.
Can I file late without penalty because of the shutdown?
No. The IRS still expects you to file by the October 15 extension deadline to avoid late-filing penalties. This deadline is firm unless you have been granted a specific extension for disaster relief.
What if I owe taxes?
You should still pay the amount you owe by the deadline. Electronic payments submitted with your e-filed return will be processed and posted to your account as usual.
What if I need to contact the IRS?
During a government shutdown, live phone support and other in-person IRS services may be unavailable or have longer than normal wait times. For specific tax questions, TurboTax Live experts are available to provide help and guidance year-round.
Will I still get my Social Security check?
Yes. Social Security is considered a mandatory program, so payments will continue to be sent out. Other federal benefits, like Medicare and Veterans’ benefits, will also continue.
Originally published on our TurboTax Blog on October 1, 2025 / Lisa Greene-Lewis
Wednesday
1 Cheer
You need the tax file in order to transfer 2023 in to a new 2024 return. A pdf of the return from the CPA will not have much--if anything-- that helps you. A pdf only transfers a little personal ...
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You need the tax file in order to transfer 2023 in to a new 2024 return. A pdf of the return from the CPA will not have much--if anything-- that helps you. A pdf only transfers a little personal information like your name and address, SSN, etc. None of your 2023 tax information will transfer from a pdf.
Wednesday
My 2023 tax return was prepared by a CPA. There are some carry over expenses that the system could easily pick up. I do not want to overlook anything. I do not see an import option.
Wednesday
1 Cheer
@Atif-benyosef-alsiddiqi , salam aliquom.
Agreeing with my colleagues @xmasbaby0 and @Opus 17 for their excellent response to your question as articulated, I am just wondering as to what you are...
See more...
@Atif-benyosef-alsiddiqi , salam aliquom.
Agreeing with my colleagues @xmasbaby0 and @Opus 17 for their excellent response to your question as articulated, I am just wondering as to what you are trying to achieve. So I would just to add the following :
(a) Currently the dependent deduction is zero
(b) For Head of Household filing status generally requires the qualified child to be residing with you in the US ( except for child in Canada or Mexico ) --
(c) Child and Dependent care credit requirements are here -- > Child and Dependent Care Credit information | Internal Revenue Service
(d) For Earned Income Tax Credit the qualifying child rules are here --> Qualifying child rules | Internal Revenue Service
(e) For Child Credit , the requirements are --> Child Tax Credit | Internal Revenue Service
While I do recognize that some of the information herein may be duplicative, I just put these here just for completeness.
Is there more one of us can do for you ?