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Remember that an extension does not give you more time to pay.   You need to pay your tax due by April 15.   The extension only gives you more time to prepare and file your tax return forms.   https://turbotax.intuit.com/irs-tax-extensions/   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_US_en_US?uid=m9a3q808

If they confiscated your $1,500 for back taxes, then yes, your tax debt would decrease. This is not something that you would get a credit for on your 2024 taxes, however, you would need to enter it as other income to be taxed even though you didn't actually receive it, it is still taxable income.    To enter it without a W2-G select the following: Federal Income and Expenses Scroll down to Less Common Income and click Show More Start next to Miscellaneous Income Start next to Other Reportable Income

If you started in the Free Edition of TurboTax, you may have entered something that triggered an upgrade to a paid version. The final fees are determined by the forms that are required to complete your individual return. States are also extra and there are some add-ons that  you can agree to buy     You can review your fees using the instructions below to find out why you're being charged. You can follow the instructions in this article to remove any  unwanted Fees Why am I being charged for TurboTax Free Edition?   You can review your fees in TurboTax online as follows: Go to the left side of your screen under "Tax Home" Go to "Tax Tools" then "Tools" The "Tools Center" Box will pop up Click on "My Fees" to see a summary of your Turbo Tax Fees.   Your screens will look something like this:         Click here for "How do I review my fees in TurboTax Online?"

   You will be able to access the 2023 return you started by using the exact same account and user ID that you used when you started it.   But you can no longer use online software for any further changes.       Start a 2024  return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   Online tax preparation and e-filing for 2023 returns is now permanently closed.    Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2023 return, you now have to complete it using desktop software, which you must download to a full PC or Mac  (not to a mobile device).Then you need to print, sign and mail it.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe   If you already paid for your online software you can ask customer support for a download of the desktop software.   They are available from 5 a.m. to 9p.m. Pacific time daily   https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number     If you are getting a refund, there is no penalty for filing late.  If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe.  Only the IRS will calculate this—TurboTax will not calculate it.     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  

Your California capital loss carryover could be the same as the Federal, or it could be different. California law differs from Federal law in some areas that affect the calculation of capital gains and losses, particularly depreciation. Also, unlike the federal government, California makes no distinction between short-term and long-term capital gains. It taxes all capital gains as income, using the same rates and brackets as the regular state income tax.   See the Instructions for California Schedule D for more information. Near the end of the instructions is the "worksheet" for capital loss carryovers:   California Capital Loss Carryover Worksheet Enter loss from Schedule D (540), line 11, as a positive number. Enter amount from Form 540, line 17. Enter amount from Form 540, line 18. Subtract line 3 from line 2. If less than zero, enter as a negative number. Combine line 1 and line 4. If less than zero, enter -0- Enter loss from Schedule D (540), line 8, as a positive number. Enter the smaller of line 1 or line 5. Subtract line 7 from line 6. This is your capital loss carryover to 2025. When you prepare the California return in TurboTax, at the screen "Here's the income that California treats differently", under Investments, you can click on the item "Capital Loss Carryover from Last Year" and make any needed adjustments. See screenshot below:     @MNYL   

It depends on how your business is structured. If your business is a multi-member LLC, it is typically taxed as a partnership by default, meaning you would file Form 1065. However, if your business is a single-member LLC, the IRS treats it as a disregarded entity, meaning you report business activity on your personal tax return (Schedule C) instead.   If your business has no income or expenses, you may not need to file a federal tax return at all, unless you have an Employer Identification Number (EIN) or elected to be taxed as a corporation. Some states may still require annual filings or fees to keep your LLC active, if your business is structured as an LLC.

Thank you however my tax software is requiring me to put an a number on the depreciation line in order to move forward on my taxes.  Did I possibly do something wrong, input something in a place in the software I should not have that is trigging this  requirement? I do not have a capital gains requirement do to the sale of the home so not sure why it is requiring an entry on the depreciation.   Thank you

Yes, you can do that. However you can complete a Form 9465 yourself and send it in with your first payment. It is a signature document so it doesn't have to be filed with your tax return. There is a fee, and it's not clear if the fee would not come into play if you make the payments, however it would stop any type of IRS action to collect. You can set the payment amounts and I would suggest a lower amount because you can always add more. You can pay off early, but don't miss a payment.    The IRS wants the payments to be completed by next tax season so based on your information you will be fine. Form 9465

Al escribir tu nombre en la sección de firma, ¿te da un error? El software es muy preciso con la sección de firma. El truco está en escribir tu nombre exactamente como aparece encima de la sección de firma, incluyendo las iniciales del segundo nombre y las mayúsculas. Comprueba cómo está escrito tu nombre encima de la sección de firma. Asegúrate de escribir todas las letras en mayúscula como se muestra arriba, e incluye o elimina las iniciales del segundo nombre para que coincidan exactamente con tu nombre.

The rental property may be depreciated under the rental property activity and reported on IRS Schedule E Supplemental Income and Loss.   In TurboTax Premier Online, follow these steps:   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages & income. Click to the right of Rentals, Royalties, and Farm. Click to the right of Rental Properties and Royalties. At the screen Your 2024 rentals and royalties summary, click the pencil icon to the right. Select Add expense or asset to establish the rental property asset. Answer the questions to establish the rental property asset and compute depreciation on the rental property asset.

If you are using the desktop software you can switch to Forms mode. If you are using the online version, it depends on what you need. Some parts flow from the federal while others are entered in the state section.   Reference: 2024 M1MB, Business Income Additions and Subtractions