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April 17, 2025
10:07 AM
This would be included with your other estimated payments.
April 17, 2025
10:06 AM
Donations are only deductible if they are made to a branch of government, or to a tax-exempt organization that is registered with the IRS. Donations made to individual needy people or to non-registe...
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Donations are only deductible if they are made to a branch of government, or to a tax-exempt organization that is registered with the IRS. Donations made to individual needy people or to non-registered organizations are not deductible.
If you made donations to a registered exempt organization, you will list them under "Donations and Gifts to Charity" on the Deductions and Credits page. Enter them as item donations, you can use the price you paid as the value. If audited, you need a receipt or acknowledgment from the charity. Whether the donation actually changes your tax depends on all your deductions, income, and other tax situations.
April 17, 2025
10:06 AM
1 Cheer
You will need to contact the IRS for information. It might be easiest to set up an account with them. IRS Individual Online Account Taxpayers with a Social Security number or an Individual Ta...
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You will need to contact the IRS for information. It might be easiest to set up an account with them. IRS Individual Online Account Taxpayers with a Social Security number or an Individual Taxpayer Identification Number can create or access their IRS Individual Online Account to get information they need to file their return. With an IRS Individual Online Account, people can: View balance owed, payment history and schedule payments. Cancel scheduled payments. Get transcripts. View or create payment plans. See digital copies of some IRS notices. View key data from their most recently filed tax return, including adjusted gross income. Validate bank accounts and save multiple accounts, eliminating the need to re-enter bank account information every time they make a payment. View, approve and electronically sign power of attorney and tax information authorizations from their tax professional.
April 17, 2025
10:04 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
10:04 AM
Generally scholarships are not taxable in PA. PA taxes it based on how it was earned versus what it was used for. Meaning if it was used to help further your education it is not taxable. If it i...
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Generally scholarships are not taxable in PA. PA taxes it based on how it was earned versus what it was used for. Meaning if it was used to help further your education it is not taxable. If it is taxable income it will appear with Gross Compensation which is on line 1 of your PA 40. What are the criteria for excluding a scholarship, fellowship or stipend from PA taxable compensation?
April 17, 2025
10:03 AM
Are you needing to amend? If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines. Yo...
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Are you needing to amend? If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines. You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Select your product below and follow the instructions. Amend TurboTax Online Amend TurboTax CD/Download
April 17, 2025
9:59 AM
Did you claim it as a medical expense on an itemized tax return?
April 17, 2025
9:58 AM
If you did not live in the home and did not use it for personal purposes after you owned it, you can treat it as investment property and deduct a loss, if you have one. Enter it as "other property" ...
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If you did not live in the home and did not use it for personal purposes after you owned it, you can treat it as investment property and deduct a loss, if you have one. Enter it as "other property" not "your home." If you used the home for personal purposes (like, it was your mother's lake house and you vacationed there before selling it) then it is personal property and even though you might have a loss, losses aren't deductible on personal property.
You receive a stepped up basis equal to the FMV on the date your mother died. Why do you think the home sold for less than the fair market value? Generally, FMV is what a willing buyer will pay a willing seller in an open sale. Appraisals and tax assessments are estimates of FMV, but the true FMV for anything is determined by what someone else will pay.
Assuming you sold the home relatively close in time to your mother's death, I would say the sale price determines the FMV. (However, you can subtract the real estate commission and possibly certain legal fees if you pay them, and that will allow you to show a small loss. See publication 523.)
Maybe if you inherited the home some time ago, and the market in that neighborhood has declined due to other market forces, you would have a larger loss. Or, if the appraisal was based on homes taking 30 days on average to sell, and you deliberately priced it low to sell faster, or you priced it low to get a cash buyer instead of waiting for someone to qualify for a mortgage, you could have a loss. (You are not required to hold out for maximum value.). But if I was the IRS, I would want to more closely examine any claim of "loss" when the home was sold shortly after death.
April 17, 2025
9:57 AM
The home energy audit is not just about your AC so you can hire them anytime.
April 17, 2025
9:56 AM
We but need more information. Can you please clarify your question?
April 17, 2025
9:53 AM
This should be on your final invoice if sales tax is charged.
April 17, 2025
9:51 AM
Try entering a 0 (zero) for your spouse's 2023 AGI. If that is also rejected, then enter a 0 for both of your 2023 AGI's.
April 17, 2025
9:51 AM
Please call TurboTax Customer service. Here is a link: Turbo Tax Customer Service
April 17, 2025
9:50 AM
I have a general tax question, I paid about $7k in 2024 for my daughters birth. Unfortunately, I was overcharged, and a refund was issued in 2025 around $4k. In general: Since this was money paid,...
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I have a general tax question, I paid about $7k in 2024 for my daughters birth. Unfortunately, I was overcharged, and a refund was issued in 2025 around $4k. In general: Since this was money paid, and money returned, do I have to claim this somehow on my taxes this year, and pay taxes for a returned payment? Thanks for any help.
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April 17, 2025
9:50 AM
Are you sure you are not needing your AGI? You can use any number for your 5 digit signature pin. The IRS uses your prior year AGI to combat fraud. You can find your 2023 Adjusted Gross I...
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Are you sure you are not needing your AGI? You can use any number for your 5 digit signature pin. The IRS uses your prior year AGI to combat fraud. You can find your 2023 Adjusted Gross Income (AGI) by: Looking at line 11 on page 1 of your 2023 Form 1040 Requesting a transcript of your 2023 tax return from the IRS. You can request your transcript online at the following link: Get Transcript Please click on this TurboTax article for more information. Check these items as well to ensure you have the correct number. If you: Filed late last year after mid-November or your return was processed after that time—try entering 0. Amended your return last year—make sure you’re using the AGI from your original return, not the amended one. (If you only have a 1040X form, it’s on line 1, column A). Rounded your AGI to the nearest dollar—be sure to round up when it’s 50 cents or more and down when it’s 49 cents or less. Filed with your spouse last year—you and your spouse have the same 2023 AGI. (Don’t split the AGI amount or enter 0 for one of you). Time-saving Tip: If what you entered is correct and you continue to get a reject, you won't be able to e-file. There's probably a data mismatch at the government, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return. This article will give you instruction on how to print and mail your return.
April 17, 2025
9:50 AM
@Bobgolf49r wrote:
I am a Florida resident affected by Hurricane Milton. See IRS bulletin FL-2024-10, Oct. 11, 2024.
You can't e-file the extension, I think. If you want to file on time b...
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@Bobgolf49r wrote:
I am a Florida resident affected by Hurricane Milton. See IRS bulletin FL-2024-10, Oct. 11, 2024.
You can't e-file the extension, I think. If you want to file on time by May 1, just e-file. Turbotax may think it is late, but you can ignore that. The IRS should know you qualify based on your zip code. There should also be a function in Turbotax where it asks if you are affected by any disasters or other situations that change the deadlines, although I don't know where that function is.
If you need the extension, and it is too late to e-file, you fill out and mail in the form 4868. The IRS should get the disaster extension based on the zip code, but you can write "Hurricane Milton IRS notice FL-2024-10" on the form if you want.
If Turbotax tries to calculate a late filing or late payment penalty, I would refuse, don;t include a penalty calculation with your return (I think you can do that). Wait and see if the IRS actually bills you.
April 17, 2025
9:48 AM
I inherited my moms home through Life Estate there was a reverse mortgage balance (which I know I do not account for) the valuation of the home was more than what the house was sold for. Does that...
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I inherited my moms home through Life Estate there was a reverse mortgage balance (which I know I do not account for) the valuation of the home was more than what the house was sold for. Does that give me a loss or just no capital gains ( especially with step up). Turbo is confusing when entering .
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April 17, 2025
9:47 AM
Had you already made the payment? We need more information.
April 17, 2025
9:47 AM
You cannot claim market depreciation on a Roth IRA. Are Losses on a Roth IRA Tax Deductible?