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April 18, 2025
2:43 PM
1 Cheer
TurboTax usually uses the mathematical method of depreciation, rather than using the "tables". The order of the math is a bit questionable, but many other software brands do the same thing, so I ...
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TurboTax usually uses the mathematical method of depreciation, rather than using the "tables". The order of the math is a bit questionable, but many other software brands do the same thing, so I don't know if it is actually wrong or not. It very well might be right. If you don't like the way it is calculating it and if are using the CD/downloaded version, you can go into the "Forms" and into the "Asset Entry Wks". Scroll WAY down to the very bottom and check the box to use the "tables".
April 18, 2025
2:39 PM
You probably have another account, that’s common. It’s just the marketing dept. Or you used the Desktop download program. How to view all your accounts https://ttlc.intuit.com/turbotax-suppor...
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You probably have another account, that’s common. It’s just the marketing dept. Or you used the Desktop download program. How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/
April 18, 2025
2:36 PM
1 Cheer
The business use percentage is not the same as the 6.1% in your screenshot above. The 6.1% is the size of your office compared to the entire home (Line 7 of Form 8829). TurboTax uses that to dete...
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The business use percentage is not the same as the 6.1% in your screenshot above. The 6.1% is the size of your office compared to the entire home (Line 7 of Form 8829). TurboTax uses that to determine how much of your home related expenses you can deduct. This figure has nothing to do with how much of your gross income is eligible to be included on Line 8 of Form 8829.
The business use percentage is what percentage of your $6,536 gross income was earned in that office. If you do not manually enter the percentage on Line B of the Line 8 Calculation Smart Worksheet, the business use percentage will be zero. So, zero percent of your $6,536 is eligible for the deduction. None of your gross income will transfer over if the business use percentage is set to zero.
See example below - Once you update Line B, your deduction will be allowed.
April 18, 2025
2:36 PM
Try this: How to Check your E-file Status
April 18, 2025
2:35 PM
I'm not sure where you're entering this but there is a specific place to enter a solo 401K in TurboTax.
So here's how to enter it in TurboTax.
If this is how you are already doing it come...
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I'm not sure where you're entering this but there is a specific place to enter a solo 401K in TurboTax.
So here's how to enter it in TurboTax.
If this is how you are already doing it come back here with more information and we can try to help.
@Inscanik21
April 18, 2025
2:35 PM
Topics:
April 18, 2025
2:33 PM
@hweverett Sorry you had all that trouble. I would like to see members of the Tech Support team assigned to look through the community forum on a rotating basis, but I haven't seen one post in the...
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@hweverett Sorry you had all that trouble. I would like to see members of the Tech Support team assigned to look through the community forum on a rotating basis, but I haven't seen one post in the forum in several years, and even then it was very rare. Granted, I don't see every post, but I see a lot. In my forum search of that error, I'm not sure there is a "one size fits all" solution. Some West Virginia filers were getting that error in early filing season and a user anecdotally said for him it was a PDF they were attaching was too large--reducing the size worked for him. A couple others said they adjusted their browser trust zone settings, while others said that didn't work for them. So I'm not sure anyone knows what "THE" solution is. If you'd like to relate your experience to Intuit, you can contact a liaison in the office of the President of Intuit. They say they will get back to you in one business day. The contact form is at the following page: https://www.intuit.com/company/contact/office-of-the-president/
April 18, 2025
2:32 PM
You should endeavor to understand why TurboTax generated Estimated Tax "suggestions" for you,based on your 2024 filing. This is to ensure you make 25% of the "Required Annual Payment" each period or...
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You should endeavor to understand why TurboTax generated Estimated Tax "suggestions" for you,based on your 2024 filing. This is to ensure you make 25% of the "Required Annual Payment" each period or face underpayment penalties on your 2025 tax return. IRS requires you to estimate your Required Annual Payment for the year and pay as you go. Unless you applied some amount of refund to 2025 tax, you already missed the deadline for Estimated Tax payment No.1 @jennvilla210
April 18, 2025
2:32 PM
I used the Turbo Deluxe edition and could not figure a way to add misc comments to the interest transfer. It may not be correct but I finally ended up showing the adjustment as part of the bank name...
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I used the Turbo Deluxe edition and could not figure a way to add misc comments to the interest transfer. It may not be correct but I finally ended up showing the adjustment as part of the bank name on schedule B. I changed the bank name to: BankName-Post death $xxx trf to Trust EIN xx-xxxxxxx That printed out and explained why the interest reported on Sch B was less than the 1099 issued. The return has been processed refund issued, and no questions yet.
April 18, 2025
2:28 PM
Is it possible to reduce the amount of depreciation I'm taking on a rental property? The current depreciation is considerably greater than my net profit and results in a net loss greater than I need.
April 18, 2025
2:26 PM
Choose mail a check. That will allow you to e-fie. And do not mail a check for the taxes owed since you have set up a payment plan with the state.
April 18, 2025
2:25 PM
Here is a link: How do I request a refund for my TurboTax product?
April 18, 2025
2:25 PM
Thanks for the reply.. NO monthly payments on the reverse mortgage.. The funds from the reverse mortgage were used to payoff her 1st mortgage 10 years ago.
April 18, 2025
2:23 PM
I am setting up a payment plan for both federal and state. I cannot proceed with filing my returns because turbotax is wanting a payment for AZ state. Do I just not submit anything through turbotax?
April 18, 2025
2:22 PM
@PoconoRick see my response to your other post. I disagree with the expert that the repayment of the interest on the reverse mortgage is deductible, unless the monthly payments received previousl...
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@PoconoRick see my response to your other post. I disagree with the expert that the repayment of the interest on the reverse mortgage is deductible, unless the monthly payments received previously were use to buy, build, or substantially improve the home that secures the loan. a reverse mortgage is a type of home equity loan and must follow those rule for interest deductibility.
April 18, 2025
2:22 PM
It sounds like you may have a wash sale loss? There should be a code there that explains why the loss is disallowed. Please check your 1099-B and see if it gives any more explanation for why the lo...
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It sounds like you may have a wash sale loss? There should be a code there that explains why the loss is disallowed. Please check your 1099-B and see if it gives any more explanation for why the loss is disallowed?
@mahe-thina
April 18, 2025
2:22 PM
For any box that do not have an amount, or that has a zero on your 1095-A Form you will leave it blank on the software. Make sure you remove everything from each box (even any spaces put by mistake)....
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For any box that do not have an amount, or that has a zero on your 1095-A Form you will leave it blank on the software. Make sure you remove everything from each box (even any spaces put by mistake).
April 18, 2025
2:20 PM
Here is how you find your 2023 return: Find 2023 Return If you need help accessing your account, see this FAQ: Access your TurboTax Account
April 18, 2025
2:20 PM
1 Cheer
The actual Instructions for Form 1040-X should take precedence over Google. --- Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes you...
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The actual Instructions for Form 1040-X should take precedence over Google. --- Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return. Include any new/corrected document only if it shows federal tax withheld, and include in order only those Sequence Numbered tax Forms and Schedules that changed or were added due to your amendment. Attachment Sequence Number is on all the forms and Schedules that come after 1040. If you are using TurboTax you have to do this by visual comparison. The program won't break out those pages for you. If your amendment dropped a form, you should include with Form 1040-X a new copy of the form(s) with -0- in the appropriate lines, or explain why in Part II Explanation --- If any forms specify an attachment, put all those attachments at the end in the same order as the forms they go with. Mail to the address shown for your location in the most recent Instructions for Form 1040-X. @HLieu