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April 10, 2025
3:46 PM
I am a full time resident of Hawaii - retired and over 72 trying to find ways to identify the nontaxable TSP.-
April 10, 2025
3:46 PM
I have a home office in my parents house, can I deduct utilities that I pay for even though I don't own the house?
April 10, 2025
3:46 PM
No. Two 1099-ks are listed as personal items and one 1099-k is listed as self-employment income. None of the three 1099-ks are reported as sales under Investments and Savings.
April 10, 2025
3:45 PM
The credit rate percentage under a Mortgage Credit Certificate (MCC) typically falls between 10% and 50% of the qualified mortgage interest paid2. This percentage is determined by the issuing governm...
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The credit rate percentage under a Mortgage Credit Certificate (MCC) typically falls between 10% and 50% of the qualified mortgage interest paid2. This percentage is determined by the issuing government agency and is used to calculate the mortgage interest credit, which can help reduce a homeowner’s tax liability.
If you’re looking for your specific credit rate, it should be listed on the MCC you received when purchasing your home
April 10, 2025
3:45 PM
Yes, you can.
How do I file an IRS tax extension?
How do I file an extension for my personal state taxes?
April 10, 2025
3:45 PM
file taxes for a year as I sold my house for that tax year
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April 10, 2025
3:44 PM
Do you need more information from me?
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April 10, 2025
3:44 PM
EXTENSION
https://turbotax.intuit.com/irs-tax-extensions/
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_...
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EXTENSION
https://turbotax.intuit.com/irs-tax-extensions/
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_US_en_US?uid=m9a3q808
April 10, 2025
3:44 PM
You should use the corrected W-2 numbers on your tax return. The excess taxes will be returned to your employer when the corrected payroll forms are submitted by your employer. So, the IRS will find ...
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You should use the corrected W-2 numbers on your tax return. The excess taxes will be returned to your employer when the corrected payroll forms are submitted by your employer. So, the IRS will find out about the excess when your employer submits the corrected W-2 form and associated payroll tax returns. Then, your employer will have to reimburse you for the excess taxes you paid in.
April 10, 2025
3:43 PM
We have to use Turbo Tax Delux and now for our Michigan State return it's trying to charge us $64 in addition to the Delux price. There's no explaination of what that charge is
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April 10, 2025
3:43 PM
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April 10, 2025
3:43 PM
You can deduct 2024 capital losses up to the amount of your 2024 capital gains plus $3,000 ($1,500 if married filing separately). You may be able to use capital losses that exceed this limit in fut...
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You can deduct 2024 capital losses up to the amount of your 2024 capital gains plus $3,000 ($1,500 if married filing separately). You may be able to use capital losses that exceed this limit in future years. How are capital gains and losses calculated?
You can't choose which tax years to apply your carryover to. Carryovers from this year's return must be applied to next year's.
If you copied last year's return over in TurboTax, we automatically include the carryovers. But it's a good idea to keep a written record of your expected carryover amounts to compare against your return.
April 10, 2025
3:43 PM
You can just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Onl...
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You can just enter it as Other self employment income or as Cash or General income. You don't need to get a 1099NEC or 1099Misc or 1099K. Even if you did you can enter all your income as Cash. Only the total goes to schedule C. How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653
April 10, 2025
3:42 PM
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April 10, 2025
3:42 PM
How do I file for an extension for my 2024 taxes?
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April 10, 2025
3:42 PM
Click on amend and print center pops up Using add a state could get returned chanred without amending. Both can get cx to print center
April 10, 2025
3:42 PM
The two documents are very useful; thanks. For California: MY CPA told me to report the realized earnings each year but not the unrealized gains for California . When I take a distribution do i re...
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The two documents are very useful; thanks. For California: MY CPA told me to report the realized earnings each year but not the unrealized gains for California . When I take a distribution do i report the GAIN portion of the distribution and subtract the earnings I had declared to CA (ie FTB) in the past. According to the two PDS, RRSP distributions are not taxed in CA - but i assume that is if i had declared the unrealized gains each year. For Federal Q. Does Federal tax the whole distribution or only the gain portion of the distribution? Since i got no tax advantage from USA IRA when I contributed to RRSP in Canada shouldn't i be taxed only on the gain (as with traditional IRA)?
April 10, 2025
3:41 PM
Wait, You bought and installed the Basic version? Do you need to do a state return? Basic doesn’t come with the state program download. So you have to buy a state extra. And there maybe some ...
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Wait, You bought and installed the Basic version? Do you need to do a state return? Basic doesn’t come with the state program download. So you have to buy a state extra. And there maybe some other differences from the higher Desktop programs. But yes All the Desktop programs have the same forms. You just get more help and guidance in the higher versions.
April 10, 2025
3:40 PM
If you had no income why are you trying to file a tax return? Do you have a 1095A for marketplace health insurance?
April 10, 2025
3:39 PM
I forgot to take my RMD for my inherited IRA in '24. I just took the RMD for it now but not sure how to add this info to my filing for '24 taxes and to add a form 5329 asking for foregivness for doing...
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I forgot to take my RMD for my inherited IRA in '24. I just took the RMD for it now but not sure how to add this info to my filing for '24 taxes and to add a form 5329 asking for foregivness for doing this late. I've gone through every screen a couple of times but cannot figure out how to navigate this...