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Friday
As a US resident working remotely as an independent contractor for a Canadian company, with income reported on 1099 NEC for US Tax purposes as 100% of my income is earned while working in USA. Howeve...
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As a US resident working remotely as an independent contractor for a Canadian company, with income reported on 1099 NEC for US Tax purposes as 100% of my income is earned while working in USA. However, if I attend a two day meeting in Canada will I be subject to reporting Canadian income for only being in Canada 2 days out of the entire year? Do I have to report and file a Canadian tax return for the apportioned 2 days of income?
Friday
Anything in box 14? If not then leave boxes 14, 15 & 16 blank, no spaces. If you have withholding in box 14 then enter the same amount as in box 2a into 16. If box 2a is blank use the amount from b...
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Anything in box 14? If not then leave boxes 14, 15 & 16 blank, no spaces. If you have withholding in box 14 then enter the same amount as in box 2a into 16. If box 2a is blank use the amount from box 1.
Friday
I'm international student and resides in Texas where they have no state tax. I went Chicago, IL for my internship where they have both federal and state tax. As international student do i have to pay...
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I'm international student and resides in Texas where they have no state tax. I went Chicago, IL for my internship where they have both federal and state tax. As international student do i have to pay the state tax for IL I was there just for 2 months.
Friday
I was instructed to put a number there by the support back on 3/15/2025. When I remove that number for the state to accept it. it will not allow me to continue.a
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Friday
Yes, in many cases, you may be able to claim certain energy-efficient upgrades like spray foam insulation or heat pump AC systems under federal or state tax credits—especially if the improvements mee...
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Yes, in many cases, you may be able to claim certain energy-efficient upgrades like spray foam insulation or heat pump AC systems under federal or state tax credits—especially if the improvements meet Energy Star or other program requirements. It's best to consult with a tax professional to confirm eligibility based on your specific situation. If you're in Connecticut and looking for professional insulation services, I highly recommend Lighthouse Spray Foam — they specialize in energy-efficient spray foam installation and work with both homeowners and commercial builders. You can reach them at (860) 575‑8980. Residential insulation contractors in Madison, CT Commercial insulation services in Westbrook, CT They did a great job for my build—definitely worth checking out!
Friday
In Early 2025 (this year) I purchased a duplex in TN for $300K with the intent of moving my sister to the Area. My intention was to rent it to her and treat it as a rental property. I understand ...
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In Early 2025 (this year) I purchased a duplex in TN for $300K with the intent of moving my sister to the Area. My intention was to rent it to her and treat it as a rental property. I understand the tax implications and handling of this which would have been as an investor. However shortly after purchasing, we had some family drama, and my sister opted not to move and live in the duplex. Therefore, I sold the duplex after only a couple of months (still in 2025) at a total loss of $30K (purchase price - sales price and expenses). For discussion purposes lets assume that the property was bought outright with cash so there is no mortgage interest etc. to consider. The original intention was to be treated as an investment, and as such the sale would be classified as an investor and ultimately would end up treated as a short-term capital loss. However, on the other hand this starts to look a lot like a flip which and as such treated as a "dealer" And in that case the loss would be treated as a business loss reported on Schedule C. Since the so-called business was a loss things like SE tax are not really a consideration. I know on this subject the IRS talks about "intent" but since there is only one short term real estate transaction it seems like I could probably argue either way "investor" or "dealer". I can go either way as I have other capital gains that I can offset (investor) as well as income I can use to offset (as dealer). I'm just trying to figure out what is the proper way to handle this.
Friday
https://ttlc.intuit.com/community/payments/help/what-forms-of-payment-does-turbotax-online-accept/00/26079
If you do not have a U.S. based credit or debit card, you could seek a prepaid...
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https://ttlc.intuit.com/community/payments/help/what-forms-of-payment-does-turbotax-online-accept/00/26079
If you do not have a U.S. based credit or debit card, you could seek a prepaid card at a U.S. embassy, for example.
Friday
I want pay with creditcard from germany for my company in the US
Friday
I checked off yes to qualified Business income and now I want to change to no
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Friday
Tax consequences on transferring 529 education savings plan to ex wife?
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Friday
When I call [phone number removed], there is no question offered on language and no choice on Option 1 or 2. Pushing 2 takes you to "enter your SSN" and the system will go no further without entering...
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When I call [phone number removed], there is no question offered on language and no choice on Option 1 or 2. Pushing 2 takes you to "enter your SSN" and the system will go no further without entering SSN.
Friday
Thank you! I am actually asking for my adult child. a) She is U.S citizen b) Her Legal permanent residence is New York State, living in Dubai working for Dubai based organization. There is...
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Thank you! I am actually asking for my adult child. a) She is U.S citizen b) Her Legal permanent residence is New York State, living in Dubai working for Dubai based organization. There is no income tax there. c) The Retirement Benefit Payment is an employer's good deed - part of the benefit package. The payment goes into a brokerage account in the employee's name - it is not an IRA or 401K -and not tax deferred. I would say taxed when contributed BUT - since all her incomes qualifies for the Foreign Income Exclusion, she does not pay any U.S. Federal income tax. She receives a 1099 each year on the dividends and income generated by the account. It is my understanding when shares are sold, tax is payable on any increase in the share's value. d) She plans to use funds for her retirement. e) She is not contributing to Social Security - Foreign employer does not pay into Social Security - and her earned income qualifies for Foreign Income Exclusion - so as I understand it, her only taxable income is the 1099s she receives on her interest and dividends (From the retirement account and elsewhere). I would GUESS the retirement benefit payment should be added to her basic salary and total entered under foreign earned income. TurboTax does have places to enter housing provided by employer, overseas differential, home leave, etc. - but I don't see a place to enter the retirement benefit payment made by the employer. Thank you !
Friday
Options Tax Spread Gains/Losses Questions 1. Can I close losing half late Dec and winning half Jan 1 (within 30 days of each other)? Goal = loss-harvest current year and push the gain to the next y...
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Options Tax Spread Gains/Losses Questions 1. Can I close losing half late Dec and winning half Jan 1 (within 30 days of each other)? Goal = loss-harvest current year and push the gain to the next year. 2. If I bought/sold same strikes in a later month, is that considered "similar" and thus a wash sale? Or are options only considered "similar" and a wash sale if it's the same date AND strike? Details: If I have a short put spread and want to loss-harvest, can I close the side with a loss end of December a few days before year-end, and then close the side with a gain on January 1? Plus, if I then did another short put spread at a later date, would that be considered a wash? The goal is to maximize losses in current year and push gains to the next year. Example: If I have a January 2026 put-credit-spread - sold a $10 put and bought a $9 put... If the short $10 side had a $100 gain, and the long $9 side has a $75 loss, could I close the $75 loss December 27 for a 2025 year loss and then close the winning side Jan 2 to push the gain to 2026? Then if I did another put-credit-spread a couple days later for March 2026 at $10 and $9 strikes, would that be a wash since it's similar to my original January one?
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Friday
If you have already filed the 2024 tax returns -
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https:/...
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If you have already filed the 2024 tax returns -
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)
Or -
When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.
This will take you back to the 2024 online tax return.
Click on Tax Tools on the left side of the online program screen. Then click on Print Center. Then click on Print, save or preview this year's return. Choose the option Include government and TurboTax worksheets
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
Friday
Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.
If accepted by the IRS use the fed...
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Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.
If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday
Friday
Options Tax Spread Gains/Losses Questions 1. Can I close losing half late Dec and winning half Jan 1 (within 30 days of each other)? Goal = loss-harvest current year and push the gain to the next y...
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Options Tax Spread Gains/Losses Questions 1. Can I close losing half late Dec and winning half Jan 1 (within 30 days of each other)? Goal = loss-harvest current year and push the gain to the next year. 2. If I bought/sold same strikes in a later month, is that considered "similar" and thus a wash sale? Or are options only considered "similar" and a wash sale if it's the same date AND strike? Details: If I have a short put spread and want to loss-harvest, can I close the side with a loss end of December a few days before year-end, and then close the side with a gain on January 1? Plus, if I then did another short put spread at a later date, would that be considered a wash? The goal is to maximize losses in current year and push gains to the next year. Example: If I have a January 2026 put-credit-spread - sold a $10 put and bought a $9 put... If the short $10 side had a $100 gain, and the long $9 side has a $75 loss, could I close the $75 loss December 27 for a 2025 year loss and then close the winning side Jan 2 to push the gain to 2026? Then if I did another put-credit-spread a couple days later for March 2026 at $10 and $9 strikes, would that be a wash since it's similar to my original January one?
Friday
Tax refund not approved for 2024 after filing on 3/6/2024
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Friday
@jwwert
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line...
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@jwwert
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line. So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead. Then press 1 for "form, tax history, or payment". Then press 3 "for all other questions." Then press 2 "for all other questions." - When it asks you to enter your SSN or EIN to access your account information, don't enter anything. - After it asks twice, you will get another menu.
Press 2 for personal or individual tax questions. Then press 3 for all other inquiries It should then transfer you to an agent.
Friday
duplicate
Friday
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m7e64td0