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Assuming you are trying to enter the cost basis for assets on your rental property, you will need to enter the cost basis on your depreciation screen for your Schedule E for the specific rental prope... See more...
Assuming you are trying to enter the cost basis for assets on your rental property, you will need to enter the cost basis on your depreciation screen for your Schedule E for the specific rental property.  Please follow the directions in this link to access the entry location.   If you are asking about the cost basis for another type of property, please comment back with exactly what type of cost basis you are looking for, and we will do our best to assist you.
I have a small amount of Canadian revenue and tax withholding that was done for transportations services into Canada.  This is tariff exempt, but I need to file a Canadian tax return to obtain the $3... See more...
I have a small amount of Canadian revenue and tax withholding that was done for transportations services into Canada.  This is tariff exempt, but I need to file a Canadian tax return to obtain the $3,500 in withholding that was done.   Can i do this electronically, or will I need to file manually?   Thank you
My mail had been on hold, so the due date to respond had passed. It has been 2.5 months without a return (original or adjusted from IRS). I went ahead and amended the return, not realizing that was wr... See more...
My mail had been on hold, so the due date to respond had passed. It has been 2.5 months without a return (original or adjusted from IRS). I went ahead and amended the return, not realizing that was wrong. Now I am paying what I owe plus what they think I was refunded. But I was not refunded. How to I move forward? Will the IRS catch the 'overpayment' before adjusting the refund down? If they do adfjust down, is there recourse?
On an IRS Form 1099-R there is not an account number and a Document ID required to be entered on the tax return. If you have a paper 1099-R or a PDF of the 1099-R, there may be an account number bo... See more...
On an IRS Form 1099-R there is not an account number and a Document ID required to be entered on the tax return. If you have a paper 1099-R or a PDF of the 1099-R, there may be an account number box in the lower left of the form.  See IRS Form 1099-R for tax year 2024 - https://www.irs.gov/pub/irs-prior/f1099r--2024.pdf
Well here's mine.  Upper Right. Yikes, I edited it to remove my Doc ID & Acct number.    
If your brokerage is an approved import partner, you can import using the steps in this link.  Make sure to use the correct log in for each account when you start importing from your investment accou... See more...
If your brokerage is an approved import partner, you can import using the steps in this link.  Make sure to use the correct log in for each account when you start importing from your investment account.   If your brokerage is an approved partner but you are still having issues, please refer to the steps in this link for more troubleshooting steps.
In general, and if there is a tax treaty with your home country:   Most tax treaties say that your social retirement benefit (equivalent to US social security) should be taxed in your home countr... See more...
In general, and if there is a tax treaty with your home country:   Most tax treaties say that your social retirement benefit (equivalent to US social security) should be taxed in your home country according to your home country's rules, and only your other income is taxed in the US.  This is the strategy of "relying on the treaty" as we might say.   Or, you can ignore the treaty, not pay tax in your home country.  In this case, the income is fully taxable in the US because, as a US resident, all your world-wide income is usually taxable in the US.     However, to know which exact rules apply to you, we need to know the country, among other details.  @pk is the absolute expert on this forum for this topic area.   If you paid tax in the US on all your foreign retirement income, instead of only on the portion that was not taxed in the foreign country, that is your mistake in preparing your returns.  There is a way to declare your foreign income as not taxable in the US due to the treaty.  The typical remedy would be to file amended US tax returns to adjust the amount of taxable income you report, so you are only taxed on the correct portion.  If the amended return results in lower tax, the difference would be refunded back to you.  You can amend your 2022, 2023 and 2024 tax returns.  It it too late to file an amended return for refund for tax years 2021 and earlier.   If you just want proof of what you reported to the IRS, so you can show that to your home country (that you paid tax on all your retirement, for example) you can get transcripts of your returns going back 10 years.   https://www.irs.gov/individuals/get-transcript  
I'd recommend looking at each state where you plan to do business for more details.  Each state and potentially local agency would be the entities imposing state sales and local sales tax.  Sales tax... See more...
I'd recommend looking at each state where you plan to do business for more details.  Each state and potentially local agency would be the entities imposing state sales and local sales tax.  Sales tax returns are prepared independently from income tax filing requirements.     @avigo45 
It depends.  If you reside in certain states, you would need to use TurboTax Desktop.  Please see this link for more details to determine if this applies to your specific situation.   This link p... See more...
It depends.  If you reside in certain states, you would need to use TurboTax Desktop.  Please see this link for more details to determine if this applies to your specific situation.   This link provides more details as well that you can refer to for additional information.
You will need to contact them directly using the information in this link. 
Thanks, and yes indeed - you have rightly identified the source of uneven income.  Sounds like there isn't a way around the manual intensive process, and the software is probably not of much help. A... See more...
Thanks, and yes indeed - you have rightly identified the source of uneven income.  Sounds like there isn't a way around the manual intensive process, and the software is probably not of much help. Appreciate your input. 
The terms of these loans do not have provisions for not paying them back or defaulting.  These loans were issued with terms specifically saying you cannot default on the loans.  You will need to use ... See more...
The terms of these loans do not have provisions for not paying them back or defaulting.  These loans were issued with terms specifically saying you cannot default on the loans.  You will need to use the last link provided above to reach out to them directly to see what your options are with the agency.   If they indicate your loan can be forgiven, you may face tax implications on the amount of the debt forgiven.  Please see this link for more details.
You will need to contact us to discuss your account.  An agent will be able to review your account, see what products you have purchased, and assist you accordingly.
Also, see this IRS announcement concerning the type of issue you are experiencing - https://www.irs.gov/newsroom/irs-statement-on-delay-in-processing-some-electronic-payments
@juham2013 , I humbly disagree -- I cannot offer any solutions without understanding the whole scenario , including the  treaty you refer to.  My apologies  for my inability.   As I see it , you ... See more...
@juham2013 , I humbly disagree -- I cannot offer any solutions without understanding the whole scenario , including the  treaty you refer to.  My apologies  for my inability.   As I see it , you have a copy of your filed/accepted return and/or  get a transcript from the IRS --- for  the purpose quoted..
IRS has changed the prompts. New procedure -- While robot is giving you options, say "I need to speak to an agent" When it asks for your reason, Say "Account Management".   @cggp 
The simplest way to amend is by hand. You must have a copy of the original tax return you want to update (or a transcript).   Prepare your correct tax return (using TurboTax for example, or other ... See more...
The simplest way to amend is by hand. You must have a copy of the original tax return you want to update (or a transcript).   Prepare your correct tax return (using TurboTax for example, or other means*) and print it. Then lay the paper printouts of both returns (correct and original) side-by-side. You now have all the information needed to prepare Form 1040-X by hand. It's pretty straight-forward. The blank form in fillable PDF format and its instructions are available at www.irs.gov. Refer to the Instructions for what is to be attached to Form 1040-X. That is - only forms that are new or changed due to your amendment. You must find these by visual inspection, TurboTax won't break them out for you even when it is working. Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return. Mail to the address shown in the Instructions. -- * There are other tax prep sites on the internet that will do your return again (federal) for no charge.   @Ashley-unger84 
I sent in my tax return via certified mail and have the receipt and confirnation that my taxes were received. I also have the IRS notices that payments were received and also have credit card stateme... See more...
I sent in my tax return via certified mail and have the receipt and confirnation that my taxes were received. I also have the IRS notices that payments were received and also have credit card statements that back that up, but the IRS has sent me a letter stating they do not have anything and their phone system is so convoluted that I don't know how to actually talk to anyone. HELP
For federal tax it could be anywhere between 0% and 22%, depending on your income, filing status (married, single, head of household) and dependents.  Your situation is unique to you and we can't gue... See more...
For federal tax it could be anywhere between 0% and 22%, depending on your income, filing status (married, single, head of household) and dependents.  Your situation is unique to you and we can't guess.  This IRS calculator may help. https://www.irs.gov/individuals/tax-withholding-estimator   Note that if you usually qualify for EIC, this will disqualify you.   State taxes can be anywhere from 3%-10%, depending on what state you live in, and your filing status and dependents.