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April 9, 2025
8:25 PM
I did and re submit again and again got rejected.
April 9, 2025
8:24 PM
Is there any way to suppress the Child Tax Credit to get full Solar Tax Credit? Unfortunately sales people giving tax advice and now client can't understand why they are not getting all 30% of solar ...
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Is there any way to suppress the Child Tax Credit to get full Solar Tax Credit? Unfortunately sales people giving tax advice and now client can't understand why they are not getting all 30% of solar cost ($12,000) in their refund.
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April 9, 2025
8:23 PM
1 Cheer
You may want to review this IRS online tool that will help you determine if your girlfriend's children qualify as your dependent. They probably don't, but here it is anyway:
Whom may I claim a...
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You may want to review this IRS online tool that will help you determine if your girlfriend's children qualify as your dependent. They probably don't, but here it is anyway:
Whom may I claim as a dependent?
April 9, 2025
8:23 PM
Hi all, I have a final K1 from deceased family member and trying to enter my beneficiary portion for box 11 B. I received a K1 and under Box 11 Code B - Excess Deductions: Non-Miscellaneous Exp...
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Hi all, I have a final K1 from deceased family member and trying to enter my beneficiary portion for box 11 B. I received a K1 and under Box 11 Code B - Excess Deductions: Non-Miscellaneous Expenses Adjusted Total Income from form 1041, line 17 $ -1,319 Allowable excess deductions on termination $ -1,319 Less: Portion attributible to section 67 (E) Expenses $1,067 Allowable excess deductions - code B -252 Beneficiary's portion $126 Turbo tax is telling me to add the $126 amount in the corresponding topic in turbo tax but where should I enter this?? Thanks in advance
April 9, 2025
8:23 PM
I received a single 1099-INT form covering for multiple accounts with the same bank. Some accounts are joint account, some accounts are my own account (not joint account). In Turbotax, I have to sp...
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I received a single 1099-INT form covering for multiple accounts with the same bank. Some accounts are joint account, some accounts are my own account (not joint account). In Turbotax, I have to specify one of 3 dropdown options for 'This 1099-INT belongs to ...': 1. Both of us; 2. My name; 3. My spouse name; Does it matter if I pick 'Both of us', or 'My name' in this case? My gut feeling is to go with 'Both of us', although not all are joint accounts for this same 1099-INT form.
April 9, 2025
8:22 PM
If you are ready to file, did you try to just by-pass that Smart-Check?
April 9, 2025
8:22 PM
I have spent literally hours pouring over every post filling out the 8990. My remaining questions: Question #1: Section 1, part 1, line 1 "current year business interest expense": please confir...
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I have spent literally hours pouring over every post filling out the 8990. My remaining questions: Question #1: Section 1, part 1, line 1 "current year business interest expense": please confirm this is the same as K-1's line 20 code N "business interest expense" Question #2: Line 6 Tentative taxable income is my own personal adjusted gross income from 1040? Question #3: Line 30 total current year business interest expense deduction = $1000 for my example Line 31 disallowed = 0 So now where does $1000 go in the main tax form? I read it could go in Schedule E, line 28, column h but I can't free text into the box. Another person said it can go in Schedule A line 9. Which is true? This is a real estate fund. Where in easy step or forms can I input this? Question #4: If I am just a partner, do I need to fill out form 8990 part II? Thanks in advance for helping!
April 9, 2025
8:21 PM
Married filing jointly. Standard deduction.
April 9, 2025
8:21 PM
It sounds like there may be a blank 1098, either from prior years or created in error causing theses questions.
Here is how to fix this in TurboTax Online:
Go to Federal > Deductions &...
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It sounds like there may be a blank 1098, either from prior years or created in error causing theses questions.
Here is how to fix this in TurboTax Online:
Go to Federal > Deductions & Credits > Mortgage Interest and Refinancing (Form 1098)> Add/Edit
Delete any 1098s
April 9, 2025
8:21 PM
1 Cheer
You must meet the eligibility requirements below to qualify for the CA Renter's Credit:
You paid rent in California for at least 1/2 the year
The property wasn't tax exempt
Your California in...
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You must meet the eligibility requirements below to qualify for the CA Renter's Credit:
You paid rent in California for at least 1/2 the year
The property wasn't tax exempt
Your California income was:
$52,421 or less if your filing status is single or married/registered domestic partner (RDP) filing separately
$104,842 or less if you are married/RDP filing jointly, head of household, or qualified widow(er)
You didn't live with someone who can claim you as a dependent
You or your spouse/RDP were not given a property tax exemption during the tax year.
Refer to CA FTB website Nonrefundable renter credit for more information.
The CA Renter's Credit is a nonrefundable credit, which means it reduces the amount of tax that you owe. If your state refund is 0, you didn't owe any taxes, which may be the reason why you aren't getting the credit.
Refer to the TurboTax article What's the Difference Between a Refundable and a Nonrefundable Credit? for more information.
April 9, 2025
8:20 PM
Also, when I am in TurboTax I do not see "jump to IRA contributions" when I type "IRA contributions" in search. I can't seem to get to where I need to change the data I had previously entered.
April 9, 2025
8:20 PM
Even though it shows up as income on the first page,if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D. The tax wil...
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Even though it shows up as income on the first page,if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. See this FAQ https://ttlc.intuit.com/community/forms/help/form-1040-line-11-amount-is-less-than-standard-irs-tax-table/00/25752 In the online version you need to save your return as a pdf file and include all worksheets to see it. For the Desktop version you can switch to Forms Mode and open the worksheet to see it. Click Forms in the upper right (upper left for Mac) and look through the list and open the Qualified Dividends and Capital Gain Tax Worksheet. And you will need to use this IRS worksheet on page 15. https://www.irs.gov/pub/irs-pdf/i1040tt.pdf
April 9, 2025
8:19 PM
What is your filing status?
Are you taking the Standard Deduction or Itemizing?
April 9, 2025
8:18 PM
I didn't make any income this year, so I have $0 for everything. However, before I sign to submit my taxes, I need some clarification. Turbo tax showed that I qualify for $60 California Rent Credit, ...
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I didn't make any income this year, so I have $0 for everything. However, before I sign to submit my taxes, I need some clarification. Turbo tax showed that I qualify for $60 California Rent Credit, but at the end of my tax form before submitting to IRS, it shows $0 for State refund. The $0 on federal makes sense, but if I'm supposed to get the $60 rent credit, why is my state refund still show as $0 ?
April 9, 2025
8:18 PM
April 9, 2025
8:16 PM
If you already received your federal refund, yes, you need to amend the 1040, on Form 1040X.
Yes, if you owe more money now that you have included the missing W-2, you'll need to pay back the...
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If you already received your federal refund, yes, you need to amend the 1040, on Form 1040X.
Yes, if you owe more money now that you have included the missing W-2, you'll need to pay back the difference to the IRS.
Here is some more information on filing amendments: How to File an Amended Tax Return with the IRS
April 9, 2025
8:16 PM
I did delete it and re input.
April 9, 2025
8:16 PM
Intuit should fire its UI designers who designed the desktop 2024 UI. The new interface is clunky and user unfriendly compared to previous years, at least in the part of entering income from devide...
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Intuit should fire its UI designers who designed the desktop 2024 UI. The new interface is clunky and user unfriendly compared to previous years, at least in the part of entering income from devidends, interest, stock sale. Super frustrating! Intuit, if you listen, please return the last year's interface. It was far from good, but at least not as bad as 2024. Next yer, I may need to consider an alternative tax filling tool.
April 9, 2025
8:16 PM
The property was damaged.
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