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Champ PK Just wanted to clarify that the indexation factor of a particular year permitted under Indian Income tax for computation of capital gains cannot be used as substitute in lieu of conversion of INR to dollars.All amounts paid in any year in INR has to be converted to US dollar based on average IRS exchange rate for that year or on Treasury Rates for past years.      

taxdean I reviewed my original posting and found several errors. I've corrected the errors and revised it for clarity. If you have time, take a look and see if you agree. NUA Overriding The 3.8% Net Investment Income Tax Thanks in advance

I tried a dozen of online tax calculators, but they all either focus on only one tax type (and miss important tax liabilities), or have a gazillion questions and take forever. So, I made my own. It calculates all main federal taxes (income, medicare, medicaid, capital gain, ...) and combines everything into a single quick overview. Takes only a few secs to enter all relevant income details. Currently, no state/local taxes and no self-employment tax. If something would be better, I would love feedback! On GitHub: https://github.com/macrogreg/Combined-Income-Tax-Estimator Live version: https://1drv.ms/x/c/08eb2a76c904b8dc/IQCMrEsP03QDRLPI3ksnaDAuAcRx6UwKOTx7GlYUYHCIPRs (live version is read-only, go to File > Create a Copy to get your own private copy)

I tried a dozen of online tax calculators, but they all either focus on only one tax type (and miss important tax liabilities), or have a gazillion questions and take forever. So, I made my own. It calculates all main federal taxes (income, medicare, medicaid, capital gain, ...) and combines everything into a single quick overview. Takes only a few secs to enter all relevant income details. Currently, no state/local taxes and no self-employment tax. If something would be better, I would love feedback!   Live version: https://macrogreg.github.io/Combined-Income-Tax-Estimator/ (live version is read-only, go to File > Create a Copy to get your own private copy)

Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday     TAX ADVOCATE See this article for more info on how the Taxpayer Advocate Service works:: http://www.irs.gov/taxtopics/tc104.html   https://www.taxpayeradvocate.irs.gov/  

You can contact customer support to ask for that expert, but do understand that many of the "experts" are seasonal employees who may or may not be working with TurboTax for 2025 returns.   To call TurboTax customer support   (Monday - Friday 5 a.m. to 5 p.m. Pacific time) https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh  

Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst

you can depreciate the vehicle and deduct other costs (actual costs method) or use the standard mileage method.  the problem you're likely to face is that if you use actual costs they should be allocated among the properties. Turbotax has no feature that makes it easy. 

@rsteiche I would not wait on anything in Turbotax for final year-end planning at this point, most stuff will be ready in January due to all the big bill changes.   try other online calculators to do your year-end estimations like this one https://www.dinkytown.net/java/1040-tax-calculator.html

if you have the desktop version up and running why are you bothering with online   maybe you had the same issue as this https://ttlc.intuit.com/community/taxes/discussion/the-online-version-of-turbotax-can-t-upload-import-password-protected-returns-tried-to-kick-off-the/00/3717778  

Turbo Tax doesn't have programs older than 3 years.  Even if you find one on Ebay or Amazon or somewhere you won’t be able to update it or download the state program.   You could try the TaxPrinter service (not connected with Turbo Tax) to convert a .tax file to pdf at http://www.taxprinter.com  They might be expensive.

When you phone the IRS customer service line, if you reach an AI triage robot, don't mention the word "refund," or you may get an automated reply.  Try using "account" as a key word.  For instance, say something like "speak to an agent about my account."  If it then asks you something else, say the same thing again, etc.  Finally, it may get tired and transfer you to an agent.   If you are unable to get good assistance from the IRS, we can tell you how to contact the IRS Taxpayer Advocate Service, who are more likely to help you if you are having an economic hardship.    "About ready to give up on ever receiving it. "            No, you shouldn't give up.  If you are due a refund,  you should get it eventually.   It once took me until January (10 months) to get one, and for some people it takes longer than that.  But you do need to talk to the IRS to ask them what the issue is.   When I phoned them, the agent spent a lot of time looking at various things and once she spotted a possible holdup, was able to do something to help tweak it.  They are usually friendly and helpful, but it does sometimes take considerable effort to reach one.    As a last resort, when direct talk with IRS agent and Taxpayer Advocate Service failed to move things forward, some folks have had to seek assistance from their fed Congressman's local district office.

The actual Form 4562 that is filed with your return is just a Summary of the Depreciation for the current year and only lists out the new assets and not the prior the items. You may have a 4562 Depreciation and Amortization Report which does list all the items including fully depreciated items.  If you don't have the 4562 Depreciation and Amortization Report or need more info you need the Asset Life History. The history is only available in the Desktop program not the Online version. If you are using the Online version you would have to download your .tax2024 file and open it in the desktop program.