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April 15, 2025
2:22 PM
Can I file form 1065 with the desktop version of "Turbotax Home&Business" ?
April 15, 2025
2:21 PM
April 15, 2025
2:21 PM
@SteamTrain Usually my workplace does not work for W-4 and IT-2104. That is why I have to fill those now. What other tables/forms/options could I for the 2024 tax-return?
April 15, 2025
2:21 PM
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April 15, 2025
2:20 PM
You do not report the purchase on a tax return. Only when it is sold is it reported on a tax return with the purchase price and sale price.
April 15, 2025
2:20 PM
1 Cheer
Please try to access the medical expenses using the jump to. Go to Search, type in Schedule A, and click on Jump directly to the Schedule A section of TurboTax.
@BrianDCyr
April 15, 2025
2:20 PM
Problem resolved. I had to re-enter the value for modified gross income that was on the form
April 15, 2025
2:20 PM
I choose premium filing by mistake. I meant to use the free filing
April 15, 2025
2:20 PM
You use this form to figure:
the amount of additional Medicare tax you owe and
the amount of additional Medicare tax withheld by your employer, if any.
TurboTax will automatically add For...
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You use this form to figure:
the amount of additional Medicare tax you owe and
the amount of additional Medicare tax withheld by your employer, if any.
TurboTax will automatically add Form 8959 to your return if your income exceeds the threshold amount for your filing status.
The threshold is $250,000 for jointly filing couples, $125,000 for married couples filing separately, and $200,000 for everybody else.
April 15, 2025
2:20 PM
why am I not recieving confimation email
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April 15, 2025
2:20 PM
The new floor would be an asset and depreciated over its useful life. The window and the paint can be considered maintenance or repair expenses
April 15, 2025
2:19 PM
In my account said they. Be deposit in March 11 2025 but I don't resive noting
April 15, 2025
2:19 PM
What is meant by Pension for which Social Security is not earned.
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April 15, 2025
2:19 PM
It's not reported on Schedule D at all. The gain is not materially available to me until mid 2025. So, this is reported on Form 6252 - which shows up in the Turbotax data (2024 Windows 10 desk...
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It's not reported on Schedule D at all. The gain is not materially available to me until mid 2025. So, this is reported on Form 6252 - which shows up in the Turbotax data (2024 Windows 10 desktop version software), but even this data does not flow to Schedule D. When I print the full tax return with all the forms and calculations, Form 6252 and 6251 are not printed, neither are CA 540 Forms 3805E. But these forms do show up in the tax data. By IRS rules, as per https://turbotax.intuit.com/tax-tips/investments-and-taxes/what-is-irs-form-6252-installment-sale-income/L3R2EHSQU , I am required to report this sale in 2024 on Form 6252 even if I have not received the payment. Please help and advise if you have knowledge of any bug in 2024 Turbotax software for Window10 Desktop. Thank you. S
April 15, 2025
2:18 PM
Trying to file, but don't remember it costing this much. Haven't received any support, nor do I want it, just want to file.
April 15, 2025
2:18 PM
Hi, yes and vice versa. Would it be best to MFS until the losses have been wiped out so the neither spouse is responsible for the other’s debt, if that’s the case for MFJ?
April 15, 2025
2:18 PM
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April 15, 2025
2:18 PM
1 Cheer
Yes. As a US citizen you are required to report all worldwide income on your tax return. If the condo was sold relatively closely after your mother passed away, then you might have a cost basis of th...
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Yes. As a US citizen you are required to report all worldwide income on your tax return. If the condo was sold relatively closely after your mother passed away, then you might have a cost basis of the fair market value (FMV) on the date of death. It means there would be virtually no gain or loss on the sale of inherited property. This assumes your name was not on the property before death.
The IRS would want it reported even if you have no gain, to show the cost basis.
You would be allowed to claim a foreign tax credit or deduction if there was income tax paid to Canada and you were taxed on the same income on your individual US income tax return. It may not be relevant if you have no gain or you did not pay any tax in Canada.
April 15, 2025
2:17 PM
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April 15, 2025
2:17 PM
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