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April 17, 2025
9:07 AM
As long as your return has been transmitted, you should wait to see if it is accepted. Until you know that, you should not file a paper return. Also, there is no need to file an extension because y...
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As long as your return has been transmitted, you should wait to see if it is accepted. Until you know that, you should not file a paper return. Also, there is no need to file an extension because you filed your original return on time, regardless of whether it has been accepted yet.
Take a look at the following TurboTax help article for information about how to track your refund after you are notified that the return has been accepted:
How do I track my New Jersey tax refund?
April 17, 2025
9:07 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
9:07 AM
Cost basis is generally your cost minus depreciation. It depends on where you are entering it, on if you would enter it as two separate items or just one. Where are you entering it?
April 17, 2025
9:07 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
9:06 AM
Thank you for responding.
April 17, 2025
9:06 AM
Yes, I got it. Thank you for the response! Pang
April 17, 2025
9:05 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
9:05 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
9:03 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
9:02 AM
Because you never claimed depreciation in the past, you are now electing to claim an adjustment equal to all prior depreciation. And you are making this adjustment this year, which is the year of the...
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Because you never claimed depreciation in the past, you are now electing to claim an adjustment equal to all prior depreciation. And you are making this adjustment this year, which is the year of the change.
If you were amending last year's return and reporting some of the adjustment on that return, you would answer "no" to this question.
April 17, 2025
9:02 AM
To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it: Connect Your Financial Accounts: Link your bank accounts and credi...
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To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it: Connect Your Financial Accounts: Link your bank accounts and credit cards to TurboTax. This allows TurboTax to import your transactions directly. Categorize Transactions: Once your transactions are imported, you can categorize them as business, personal, or split expenses. Import to TurboTax: At tax time, you can import these categorized expenses into your TurboTax return. You can get started with the TurboTax Expense Monitor here. Important points: You can use the TurboTax Expense Monitor at the end of the year to import your business expenses. However, it's designed to be most effective when used throughout the year. By regularly connecting your financial accounts and categorizing transactions, you ensure that all expenses are accurately tracked and categorized, which can save you time and reduce errors at tax time1. If you use it only at the end of the year, make sure to review and categorize all your transactions carefully before importing them into TurboTax.
April 17, 2025
9:01 AM
Once your return is filed, TurboTax has no control over the processing of your return or the release of your refund. Here are a couple FAQs to track your refund: When will I get my federal tax r...
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Once your return is filed, TurboTax has no control over the processing of your return or the release of your refund. Here are a couple FAQs to track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?
April 17, 2025
9:01 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
8:59 AM
You would be self-employed, so you can enter this as Self-Employment income even without the 1099. You will just enter it as cash. To enter your self-employment income select the following:
...
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You would be self-employed, so you can enter this as Self-Employment income even without the 1099. You will just enter it as cash. To enter your self-employment income select the following:
Federal
Income and Expenses
Show More next to Self-Employment
Start next to Self-Employment
Yes, to you have any self-employment income or expenses
Enter the type of self-employment work you do and you can select that you use your name for your business
Click through a few more screens and you will get to a screen that says "Your XX info"
Click Looks good
Then you will come to a screen that says Let's enter the income for your business. It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks. Here is where you will enter the money you receive.
If you do not select one, it will not let you enter your income
Enter your self-employment income on the next screen
Continue and on the next screen click add expenses
* Please note navigation may differ slightly depending on which version of TurboTax you are using*
This income will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to SE Tax. If you did not pay SE Taxes in 2024, and if you plan to do this again in 2025, it may be a good idea to make quarterly estimated payments to cover your SE taxes of 15.3% and avoid penalties.
April 17, 2025
8:59 AM
There are a number of states that don't allow you to take a section 179 deduction or bonus depreciation. What state are you filing in?
@nanmiano8
April 17, 2025
8:59 AM
To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it: Connect Your Financial Accounts: Link your bank accounts and credit c...
See more...
To automatically upload your business expenses to TurboTax, you can use the TurboTax Expense Monitor. Here’s how you can do it: Connect Your Financial Accounts: Link your bank accounts and credit cards to TurboTax. This allows TurboTax to import your transactions directly. Categorize Transactions: Once your transactions are imported, you can categorize them as business, personal, or split expenses. Import to TurboTax: At tax time, you can import these categorized expenses into your TurboTax return. You can get started with the TurboTax Expense Monitor here. Important points: You can use the TurboTax Expense Monitor at the end of the year to import your business expenses. However, it's designed to be most effective when used throughout the year. By regularly connecting your financial accounts and categorizing transactions, you ensure that all expenses are accurately tracked and categorized, which can save you time and reduce errors at tax time1. If you use it only at the end of the year, make sure to review and categorize all your transactions carefully before importing them into TurboTax.
April 17, 2025
8:59 AM
1 Cheer
Many users have "old" accounts --- you may have an old account that is triggering those emails which you can simply ignore if you know you filed your tax return.
April 17, 2025
8:59 AM
When I filed my taxes, I selected for the TurboTax fee to come out of my return. However, the IRS maiuled my check instead of Direct Deposit. I received an email to pay the invoice amount by the 18t...
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When I filed my taxes, I selected for the TurboTax fee to come out of my return. However, the IRS maiuled my check instead of Direct Deposit. I received an email to pay the invoice amount by the 18th or they would charge the credit Card on file. That CC no longer exists. I cannot find a different way to pay for the invoice???
April 17, 2025
8:58 AM
Please call TurboTax Customer service if you are still experiencing this problem. Here is a link: Turbo Tax Customer Service
April 17, 2025
8:58 AM
Your situation is very complicated. More facts are needed.
Was your grandfather the sole owner of the home prior to adding you to the deed?
Did you pay anything to your grandfather when he ...
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Your situation is very complicated. More facts are needed.
Was your grandfather the sole owner of the home prior to adding you to the deed?
Did you pay anything to your grandfather when he added you to the deed?
When you grandfather added you to the deed, did he pay any gift tax?
How did your grandfather acquire the home? If he purchased it, did he purchase it alone, or did he purchase it together with someone else (such as your grandmother)? If he previously owned the home jointly with your grandmother, how did your grandfather become the sole owner? Did they get divorced? Did your grandfather inherit your grandmother's half of the house when she passed?
SharonD007 is thinking that you lived in the home as your primary home at some point, but you didn't say that. Did you live in the home at any time? If so, from when to when?
There might be additional questions that I haven't thought of. You will need to know the market value of the home on the date that you grandfather passed. (The value when he added you to the deed probably doesn't matter.) Your answers to the questions above will determine what other information you will need.