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April 6, 2025
8:22 PM
No version of TurboTax includes Form 7217.
April 6, 2025
8:22 PM
Yes, active duty military can get TurboTax Deluxe or Premium free.
To ensure that you get the military discount, review your entries in the personal info section.
Open TurboTax
Selec...
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Yes, active duty military can get TurboTax Deluxe or Premium free.
To ensure that you get the military discount, review your entries in the personal info section.
Open TurboTax
Select the dropdown by My info and select Edit
Select Edit under Personal profile and check your entries
Make sure that you have shown your military status as of December 31, 2024?
Make sure that you entered your highest military pay grade in 2024
Enter an answer for combat zone or hazardous duty area you served in during 2024
Select a state and select Assignment detail
On the next screen you will see the message: Yes! You qualify for our enlisted military discount.
Refer to the TurboTax Blog TurboTax Offers Free Tax Filing for Military Active Duty and Reserve.
April 6, 2025
8:22 PM
1 Cheer
For items you might sell, you should wait. For a computer that you expensed using Section 179 in 2010 that will be thrown away (or recylcled), it doesn't really matter which way you dispose of it. ...
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For items you might sell, you should wait. For a computer that you expensed using Section 179 in 2010 that will be thrown away (or recylcled), it doesn't really matter which way you dispose of it. You can delete it, dispose of it for $0, or convert to personal use. None of the options can result in an increase to your audit risk.
April 6, 2025
8:22 PM
Topics:
April 6, 2025
8:20 PM
1 Cheer
If you are unmarried from the information you posted your mom is your dependent as a qualifying relative and you can file as Head of Household.
April 6, 2025
8:20 PM
Our advisor placed money ($70,000) from a 401-K into the L Bonds in an IRA account when we retired. Within (< 6) months of doing this we received notification of the GWG bankruptcy. Any earnings fr...
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Our advisor placed money ($70,000) from a 401-K into the L Bonds in an IRA account when we retired. Within (< 6) months of doing this we received notification of the GWG bankruptcy. Any earnings from these bonds would have been minimal. But now we have essentially lost the $70k unless something significant happens which is doubtful. So, it is a significant loss for us. But you are still telling me that I still cannot include the loss amount from the GWG Grantor Letter for the Wind Down Trust in my 2024 Federal Taxes, correct?
April 6, 2025
8:19 PM
Topics:
April 6, 2025
8:19 PM
The live version defaults to the $209 version, but Home and business is for sale online for $95.
Not sure I am using the added value.
April 6, 2025
8:18 PM
Where would i find form 2210?
April 6, 2025
8:18 PM
Thanks, PatriciaV! This was really helpful to allow me to submit my taxes without the unwanted form!
April 6, 2025
8:16 PM
I received a substitute 1099-S that breaks down my costs.
April 6, 2025
8:16 PM
Form 3115 and attachments have to be sent in separately ahead of filing (preferably quite a ways ahead). The rules for that are in the Form 3115 IRS instructions.... And Form 3115 also has to be p...
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Form 3115 and attachments have to be sent in separately ahead of filing (preferably quite a ways ahead). The rules for that are in the Form 3115 IRS instructions.... And Form 3115 also has to be part of the tax filing itself (an unsigned copy). IF I e-file, I know that I have to mail in 8453 separately and I'm sure it needs to include the separate documentation that I attached to the original Form 3115. What I'm confused by is whether Turbo Tax efile submits Form 3115 (it is in TurboTax and I can fill it out there) or whether I send it along with 8453. IF I don't have a clear answer, I will send it in with 8453 (can't hurt, I assume).
April 6, 2025
8:13 PM
1 Cheer
No, the property taxes and HOA fees the buyer reimbursed you for should not be included in the sales price. If you reported rental expenses for 2024, you should not report the portion of the propert...
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No, the property taxes and HOA fees the buyer reimbursed you for should not be included in the sales price. If you reported rental expenses for 2024, you should not report the portion of the property tax and HOA fees you were reimubursed.
April 6, 2025
8:13 PM
I need a number for tax I paid to state of CA from last year. Im using desktop version 3rd year in a row (and it sucks). I got my 2023 return file saved, I try to open it - it suggest to transfer it...
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I need a number for tax I paid to state of CA from last year. Im using desktop version 3rd year in a row (and it sucks). I got my 2023 return file saved, I try to open it - it suggest to transfer it and starts my 2024 return all over again. Which Im not interested in, I just need to check final numbers. How do I do it?
April 6, 2025
8:13 PM
Funds are usually withdrawn on the payment date you specify in TurboTax, assuming your e-filed return has already been accepted (received) by the IRS.
If that date falls on a weekend or federal ...
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Funds are usually withdrawn on the payment date you specify in TurboTax, assuming your e-filed return has already been accepted (received) by the IRS.
If that date falls on a weekend or federal holiday, the funds are typically withdrawn the next business day.
If you file right before (or on) the April 15, 2025, deadline, the IRS may not be able to debit your payment until after the deadline due to high e-filing volume. Also, it can take your bank another few days to post the debit to your account.
As long as you file your return or extension on or before April 15, 2025, and you select April 15, 2025, or earlier as your payment date, you won't get penalized for late payment.
If you don't see the debit in your bank account 7–10 days after your return has been accepted, call IRS e-file Payment Services at 888-353-4537 or contact your state tax agency.
April 6, 2025
8:11 PM
Confirmed. You're right. It does not make sense. You can only deduct a charitable donation in the year that you actually made the donation.
April 6, 2025
8:11 PM
It's not clear what fields to use to calculate the amount for this field (Column F - Line 54 minus sum of lines 39,40,41,42,43)?
April 6, 2025
8:10 PM
@classicore7 , there is NO tax implications when you move monies between Foreign and domestic accounts that you own. While the money is abroad FBAR and FATCA forms are the only ones that come to...
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@classicore7 , there is NO tax implications when you move monies between Foreign and domestic accounts that you own. While the money is abroad FBAR and FATCA forms are the only ones that come to mind. If the monies are from foreign trust / estate / person then there may be a requirement to file form 3520. But all these are informational forms.
Is there more I can do for you ?