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April 8, 2025
8:19 AM
I have 2 different companies LLC's. I got one 1099-k from Airbnb, part of the income should apply to the second company. I put all all the income 1099-k on one company with the right EIN number and t...
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I have 2 different companies LLC's. I got one 1099-k from Airbnb, part of the income should apply to the second company. I put all all the income 1099-k on one company with the right EIN number and the amount that belong to the second company, I put as expense and report the other income for the second company under general company. Is this acceptable to IRS? Thank you
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April 8, 2025
8:19 AM
If you cannot remove, can the software add a filter xxxxxxxxx and only show they last few digits.
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April 8, 2025
8:18 AM
You would enter the property tax under Home>>Taxes.
Your state income tax is entered from your W-2. If you made quarterly payments, then you will enter them by selecting
Deductions and C...
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You would enter the property tax under Home>>Taxes.
Your state income tax is entered from your W-2. If you made quarterly payments, then you will enter them by selecting
Deductions and Credits
Estimates under Other Estimates and Other Taxes Paid
April 8, 2025
8:18 AM
Going to try this again. If every item is sold i sold at a loss, do I need to list each transaction individually? Seems that I am caught in some kind of logic loop with the online version. I have ...
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Going to try this again. If every item is sold i sold at a loss, do I need to list each transaction individually? Seems that I am caught in some kind of logic loop with the online version. I have deleted and re-entered by 1099k several times now. I select Personal Items, then select All items sold at a loss or no gain. I keep getting the message that the 1099k needs more information. Deleting or adding or changing the gross amount of the 1099k does not change the tax liability, so it seems that the amount is not being used to add to capital gains. The question still is, do I need to list each transaction if all items are sold at a loss?
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April 8, 2025
8:18 AM
Notary income goes on Schedule C, but the net income is not subject to Self-Employment Tax.
Here's how to add your self-employment income:
Open or continue your return.
Navigate to the ...
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Notary income goes on Schedule C, but the net income is not subject to Self-Employment Tax.
Here's how to add your self-employment income:
Open or continue your return.
Navigate to the Schedule C section:
TurboTax Online/Mobile: Go to Schedule C.
TurboTax Desktop: Search for schedule c and select the Jump to link.
Answer Yes to Did you have any self-employment income or expenses?
If you've already entered self-employment work and need to enter more, select Add another line of work.
Follow the onscreen instructions to enter your Schedule C.
To adjust your self-employment tax:
Type "notary public, se tax" in the search box and select Jump to notary public, se tax
April 8, 2025
8:18 AM
You will be able to access the 2023 return you started by using the exact same account and user ID that you used when you started it. But you can no longer use online software for any further chan...
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You will be able to access the 2023 return you started by using the exact same account and user ID that you used when you started it. But you can no longer use online software for any further changes.
Start a 2024 return online and enter some personal information so that the menu on the left opens up and lets you access your past year returns.
Online tax preparation and e-filing for 2023 returns is now permanently closed.
Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2023 return, you now have to complete it using desktop software, which you must download to a full PC or Mac (not to a mobile device).Then you need to print, sign and mail it.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe
If you already paid for your online software you can ask customer support for a download of the desktop software.
They are available from 5 a.m. to 9p.m. Pacific time daily
https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number
If you are getting a refund, there is no penalty for filing late. If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe. Only the IRS will calculate this—TurboTax will not calculate it.
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
April 8, 2025
8:18 AM
1 Cheer
Yes, to file an extension for 2024. If you are using a desktop version of TurboTax you can file an extension for your tax return using the instructions in this link: How do I file an IRS tax extensio...
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Yes, to file an extension for 2024. If you are using a desktop version of TurboTax you can file an extension for your tax return using the instructions in this link: How do I file an IRS tax extension?
If you used TurboTax Online, to apply for an extension in your TurboTax program, you can do the following:
Click on the search icon in the upper right of your TurboTax screen
Type "extend" in your search box
Click on the link "Jump to extend"
Your screen will say "Applying for an Extension"
Answer "Yes" to the question "program,"
Select "Continue"
Follow the TurboTax screens and answer all of the follow-up questions
You can click this link federal tax extension to start an extension.
Click here for How to File a Tax Extension: A Step-By-Step Guide
April 8, 2025
8:18 AM
The D-40B is not a tax return- it is a request for refund for taxes improperly withheld. You can complete and mail to DC DOR. 2024 D-40B - DC Office of Tax and Revenue.
April 8, 2025
8:18 AM
How can I get back to the return that I have already paid for but it timed out before it was sent?
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April 8, 2025
8:17 AM
Does the investment report an EIN or taxpayer identification number? You may have to identify the investment as a foreign partnership.
April 8, 2025
8:17 AM
OK, I am confused about something. I e-filed my original return yesterday in TurboTax and it was accepted by the IRS. I noticed today that I forgot to include a 1099-INT for the interest on Series ...
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OK, I am confused about something. I e-filed my original return yesterday in TurboTax and it was accepted by the IRS. I noticed today that I forgot to include a 1099-INT for the interest on Series I savings bonds. First of all, no additional state tax is due because it is a savings bond. Even though TurboTax gave me the option to send an amended state return in (for Virginia) I did not do that. That is the state question. So, for the federal question. A "Step 1, Step2, Step3" screen came up in TT and Step 2 said this: Step 2: Print and mail your amended returns (Returns other than VA, must be mailed). I continued on and it allowed me to e-file the Federal Amended Return where I confirmed my original banking account information to pay the additional tax owed from the 1099-INT that was missed. Then it tried to get me to e-file the Virginia state return again even though there was no change. I unchecked the option to file the VA state return. What gives. This step 2 seemed to indicate and cannot e-file the federal amendment, but it allowed me to continue on and transmit it.
April 8, 2025
8:16 AM
Have you reviewed your capital gains tax worksheet to see how any capital gains or qualified dividends are being calculated?
@NigelLynn
April 8, 2025
8:16 AM
Legal settlements that are taxable (including previously deducted medical expenses related to physical injury or illness) are entered as miscellaneous (other) income. Interest earned on settlemen...
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Legal settlements that are taxable (including previously deducted medical expenses related to physical injury or illness) are entered as miscellaneous (other) income. Interest earned on settlements is taxable income and should be entered as a Form 1099-INT. If you received a 1099-MISC: Open or continue your return. Navigate to the 1099-MISC section: TurboTax Online/Mobile: Go to 1099-MISC. TurboTax Desktop: Search for 1099-misc and select the Jump to link. If you're asked Did you get a 1099-MISC?, answer Yes. If you've already entered a 1099-MISC, select Add another 1099-MISC. Enter the info from your 1099-MISC and select Continue. On the Describe the reason for this 1099-MISC screen, enter lawsuit settlement and select Continue. On the Does one of these uncommon situations apply? screen, select This was money from a lawsuit settlement and then answer the back wages question before selecting Continue. TurboTax FAQ: Where do I enter an award from a taxable legal settlement?
April 8, 2025
8:16 AM
1 Cheer
https://turbotax.intuit.com/irs-tax-extensions/
April 8, 2025
8:16 AM
Yes, if you are waiting for your childs return to finish the amending process, it is best if you just file an extension. Even though you will be getting a refund, an extension is the safe way to go....
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Yes, if you are waiting for your childs return to finish the amending process, it is best if you just file an extension. Even though you will be getting a refund, an extension is the safe way to go. There are no negatives to filing the extension. File an Extension
April 8, 2025
8:16 AM
Hi James, I'm using TurboTax Online Premium (via Fidelity offer). Here is what I did. I imported the PDF version of one 1099-B (after the import from Fidelity didn't work right). There are abo...
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Hi James, I'm using TurboTax Online Premium (via Fidelity offer). Here is what I did. I imported the PDF version of one 1099-B (after the import from Fidelity didn't work right). There are about 291 entries. I reviewed the first 200 entries. I moved to the group containing the remaining 91. I see at the top of that page that it thinks there are 91 left to review. However, the table that should be showing the 91 entries is empty and says: You currently don't have any sales on this page After the import I checked to see that all entries were available before reviewing. They were. It seems that reviewing transaction range 1 - 200 breaks transaction range 201 - 291. I did some experiments after importing the PDF again. It seems that reviewing an item on the last page of transaction range 1-200 breaks range 201-291. I'm unable to finish reviewing that 1099-B and expect to have the same problem with another 1099-B that has a total of 789 transactions. Thank you for responding! I haven't tried to print or view my taxes because I haven't finished reviewing the items in the income section. Therefore, I haven't finished the rest of the Federal and State returns.
April 8, 2025
8:16 AM
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April 8, 2025
8:15 AM
1 Cheer
You're one of the odd ones. As @Vanessa A says above you have to do it out of order because of the California/Oregon thing. It's the way to avoid that double-taxation.
@dr-nmayeda
April 8, 2025
8:15 AM
You may need to do a manual update.
Try clearing your Cache and Cookies and then try this link instructions.