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April 16, 2025
12:03 AM
If you earned $167 in interest during the year you can go through all of your statements and add up the amount you earned while living in each location. Or, if you lived in Yonkers 2 months and NYC ...
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If you earned $167 in interest during the year you can go through all of your statements and add up the amount you earned while living in each location. Or, if you lived in Yonkers 2 months and NYC 10 months, you can allocate $28 to Yonkers and $139 to NYC. The amounts are small. Don't let it bog you down trying to get the pennies exact. Everything gets rounded when filed.
April 15, 2025
11:54 PM
I know right.. this new tax exempt Medicaid income is stupid. And I can’t get anyone to give me a straight answer??🙄
April 15, 2025
11:53 PM
Yes, you should amend your return. Otherwise you will that loss. It won't be available to offset future rental income or reduce the gain on the sale, if and when you sell the property. But do not ...
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Yes, you should amend your return. Otherwise you will that loss. It won't be available to offset future rental income or reduce the gain on the sale, if and when you sell the property. But do not amend your return unless and until it has been accepted by the IRS and you have received any refund you were expecting. To amend a return in TurboTax:
How do I amend my federal tax return for this year?
April 15, 2025
11:50 PM
If you see a "Turbotax Desktop $45 premium service fee applies" message appear on the "How would you like to Pay" screen just before eFiling, it is because the "How would you like to Pay" window defa...
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If you see a "Turbotax Desktop $45 premium service fee applies" message appear on the "How would you like to Pay" screen just before eFiling, it is because the "How would you like to Pay" window defaults to the button labeled "Pay with Federal Refund" for your State eFiling fee. You can avoid the $45 fee by choosing to pay with a credit card. There is no message on the Turbotax screen to tell you that paying with a credit card would avoid this $45 fee. Even if you click on the "Pay with credit card" button, the $45 message will not go away, so it looks you will still be charged the $45. It isn't until you enter all your credit card information that the final screen shows you the amount to be billed on your card will not include this $45 fee. I sent feedback to TurboTax saying that the "How Would You Like To Pay" screen should have a clear message to explain to users the $45 fee only applies if you choose to pay the State filing fee from your Federal refund, and that the screen should immediately remove the "$45 Turbotax Premium Service Applies" message if the user highlights the "Pay with credit card" button instead.
April 15, 2025
11:50 PM
1 Cheer
TurboTax doesn't put a "0" on every line of every form that is zero. A blank line is the same thing as "0".
April 15, 2025
11:48 PM
April 15, 2025
11:47 PM
What is the excise tax for?
April 15, 2025
11:46 PM
Yes, if you haven't filed and you hurry!
You can file your extension at our Easy Extension website, or select your situation for detailed steps.
TurboTax Online
Sign in to TurboTax.
...
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Yes, if you haven't filed and you hurry!
You can file your extension at our Easy Extension website, or select your situation for detailed steps.
TurboTax Online
Sign in to TurboTax.
Select File an extension in the menu or go to extension.
You can also select Tax Tools then Tools from the menu and choose File an extension.
Follow the instructions to e-file your extension. Note: You can't file an extension after April 15, 2025.
TurboTax Mobile app
Sign in and open or continue your return.
Go to extension or select More from the home screen and choose File an extension.
Follow the instructions to e-file your extension.
April 15, 2025
11:44 PM
The "sales price" is the amount that the insurance company paid, whether they paid it to you, or paid it to the lender to pay off the loan.
April 15, 2025
11:44 PM
I have come in possession of lost W2's necessary to complete my 2024 taxes.
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April 15, 2025
11:44 PM
I filed mysslf
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April 15, 2025
11:41 PM
1 Cheer
I totally agree with you!!! I’ve been using various versions of TurboTax for decades to prepare my tax return on my laptop. But this year you can’t file an extension thru the software. Huh? I went to...
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I totally agree with you!!! I’ve been using various versions of TurboTax for decades to prepare my tax return on my laptop. But this year you can’t file an extension thru the software. Huh? I went to IRS website to file extension there as directed by TurboTax but I couldn’t get it to work. Grateful that this question was posted so I filed extension thru the online version of TurboTax. Why? I had to fill in all the info that was already in my mostly prepared tax return sitting on my laptop. Filing the extension should not have taken me several hours of frustration. Pay more money for less Features. Not a way to maintain loyal customers!
April 15, 2025
11:40 PM
When I type in zero for income for business , it did not populate a zero on my tax form
April 15, 2025
11:39 PM
Wow. This is the exact problem that I had this year too. I also made a mistake on my 2023 Form 8086. Line 4 was zero when it should have been $8000. I forgot to enter my contribution for 2023...
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Wow. This is the exact problem that I had this year too. I also made a mistake on my 2023 Form 8086. Line 4 was zero when it should have been $8000. I forgot to enter my contribution for 2023 that was made between 1/1/2024 and 4/15/2024. So I adjusted my basis for my traditional IRA in my 2024 return and added an explanation that this was due to an error in 2023 Form 8086. In the Turbotax Home & Business edition that I'm using, when you see the prompt asking you about the basis for your traditional IRA, there is an "Easy Guide to determine your basis" -- click on this and then make the adjustment. Once TT sees the adjustment, it will prompt you to "prepare and explanation" for the adjustment. Once I entered my new basis of $8000 (instead of zero), Line 4b went to zero and my Backdoor Roth conversion was no longer considered "taxable". Finally, done!!! Took a long time to find this thread and it was spot on. Thank you!
April 15, 2025
11:39 PM
The car was a total loss and the insurance company paid out the remainder of the loan. I am still in litigation for this accident. What should i put for the sales price as I dont want to take this as ...
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The car was a total loss and the insurance company paid out the remainder of the loan. I am still in litigation for this accident. What should i put for the sales price as I dont want to take this as a possible hit?
April 15, 2025
11:38 PM
In process of e-filing, TurboTax asks for 5 digit "signature" PIN. The IRS rejected my efile for lack of correct PIN? I tried to confirm PIN on IRS.com but was instead lead to get an 6 digit IP PI...
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In process of e-filing, TurboTax asks for 5 digit "signature" PIN. The IRS rejected my efile for lack of correct PIN? I tried to confirm PIN on IRS.com but was instead lead to get an 6 digit IP PIN. Very confusing because I did not realize there were two different pins. When I returned to TurboTax I was shown the screen with the 5 digit pins so could not make correction there. Had to read community discussions to try to resolve but TurboTax should have lead me to IP PIN entry instead of signature PIN site. Can't believe I was the only one confused.
April 15, 2025
11:37 PM
If you didn't set up the payment to be made when you filed your tax return, go to https://www.irs.gov/payments
April 15, 2025
11:37 PM
Figured out why this was occurring. I made a mistake on my 2023 Form 8086. Line 4 was zero when it should have been $8000. I forgot to enter my contribution for 2023 that was made between 1/1/2024...
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Figured out why this was occurring. I made a mistake on my 2023 Form 8086. Line 4 was zero when it should have been $8000. I forgot to enter my contribution for 2023 that was made between 1/1/2024 and 4/15/2024. So I adjusted my basis for my traditional IRA in my 2024 return and added an explanation that this was due to an error in 2023 Form 8086. In the Turbotax Home & Business edition that I'm using, when you see the prompt asking you about the basis for your traditional IRA, there is an "Easy Guide to determine your basis" -- click on this and then make the adjustment. Once TT sees the adjustment, it will prompt you to "prepare and explanation" for the adjustment. Once I entered my new basis of $8000 (instead of zero), Line 4b went to zero and my Backdoor Roth conversion was no longer considered "taxable".
April 15, 2025
11:36 PM
I was experimenting but now I can't get it off my return and I don't know the impact to my e-file return...
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