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I don't owe any federal tax but need to file for extension. Do I have to file extension?
Andrew, I was having a similar situation with my total gain not corresponding with my proceeds and cost basis. I found the answer. It was due to a disallowed wash sale. The math was taking from my Pr... See more...
Andrew, I was having a similar situation with my total gain not corresponding with my proceeds and cost basis. I found the answer. It was due to a disallowed wash sale. The math was taking from my Proceeds, adding the Disallowed Wash Sale to that figure. Then the cost basis was subtracted from that figure. The Disallowed Wash Sale was then subtracted from that new figure. That new amount was the total gain that was displaying in TurboTax.
You CAN choose to print and mail your return.  All you need to do at the end of your return when filing select that you will file your state later, do not choose to e-file.   Then go to the print... See more...
You CAN choose to print and mail your return.  All you need to do at the end of your return when filing select that you will file your state later, do not choose to e-file.   Then go to the print center and make sure there is a check mark in the box for 2024 Pennsylvania Tax Return.  Then you can print and mail your return.  The filing instructions will print along with it.     
It doesn't hurt to sign it. There is no clear guidance on this. I personally don't think it is required to be signed, but it won't hurt anything to sign it either.
I am buying my parents shares in a small C corporation.   They are carrying the note.  I had to file a 1099-INT for the interest I paid them but not sure how to enter this in Turbo Tax.  I use home a... See more...
I am buying my parents shares in a small C corporation.   They are carrying the note.  I had to file a 1099-INT for the interest I paid them but not sure how to enter this in Turbo Tax.  I use home and Biz as I also have a small farm and another small private business.  Any ideas on how to inter this?
It depends. It's important to use the Step by Step entry for your K1. Click the link for the TurboTax version you are using and the K1 information should flow to the appropriate areas of your tax ret... See more...
It depends. It's important to use the Step by Step entry for your K1. Click the link for the TurboTax version you are using and the K1 information should flow to the appropriate areas of your tax return based on what income is listed. Where do I enter a Schedule K-1 that I received?
I lived in Texas most of the year and moved to Maryland for last four months of the year. However my employer was in maryland for the full year (worked remote for the first part). I received two diff... See more...
I lived in Texas most of the year and moved to Maryland for last four months of the year. However my employer was in maryland for the full year (worked remote for the first part). I received two different W2s with two different state amounts in Box 16 showing the split between the different states.   Do i file maryland part-year resident for state taxes? If so how can i bring in the second box 16 amount showing the amount earned from maryland when a texas resident? Can those be combined in the state filing somehow in Turbotax online?
If all of the state returns are for the same state, you already have the state program.  You can use your desktop software for up to five federal returns and the corresponding state returns that go w... See more...
If all of the state returns are for the same state, you already have the state program.  You can use your desktop software for up to five federal returns and the corresponding state returns that go with them.   It is an extra $25 fee to e-file a state return.  You can avoid the state e-file fee if you print and mail the state.   If you need to add the download for a second different state, it will cost about $45 for the second state program.
No. Your UK institution isn't an eligible institution,  which explains why there is no form 1098-E. According IRS Publication 970,  the institution must be eligible to participate in a student aid pr... See more...
No. Your UK institution isn't an eligible institution,  which explains why there is no form 1098-E. According IRS Publication 970,  the institution must be eligible to participate in a student aid program administered by the US Department of Education. Foreign institutions don't meet this criteria.    You were right in questioning the ethical concerns regarding this deduction.        
Refer to the TurboTax article How do I remove TurboTax Live? for instructions to remove TurboTax Live.
@PatriciaV 
If this is a business building and not a home office, the general entry process is similar. The improvement is still entered as a business asset using the same asset type as the related building (non... See more...
If this is a business building and not a home office, the general entry process is similar. The improvement is still entered as a business asset using the same asset type as the related building (nonresidential real estate property).   However, you may be able to write off these costs if you qualify for the Safe Harbor Election for Small Taxpayers. TurboTax will ask you about this election under the Assets/Depreciation section of your business. If you choose this election, you can expense up to $10,000 in costs that would otherwise be depreciated over a very long time.   @jrogers6167 
I posted this questions last night. I was sent a link to call Turbotax, which I did, and the representative (Carlos) hung up on me! How do I get a usable license key? It should not be this complicate... See more...
I posted this questions last night. I was sent a link to call Turbotax, which I did, and the representative (Carlos) hung up on me! How do I get a usable license key? It should not be this complicated. I have typed in the key 3 times, double checking that it is correct each time, and your system will not accept it.
The only things you can deduct that appear on the escrow settlement document are real estate taxes and mortgage interest, and only if you didn't already include that real estate tax and mortgage inte... See more...
The only things you can deduct that appear on the escrow settlement document are real estate taxes and mortgage interest, and only if you didn't already include that real estate tax and mortgage interest on your return. The mortgage interest for the period stated on the closing statement may already be included in your Form 1098. See IRS Publication 530 for more information.   Other items on the closing escrow, such as real estate commissions, are treated as selling expenses when you calculate the gain on the sale. See IRS Publication 523 for more information.