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April 14, 2025
4:32 PM
April 14, 2025
4:31 PM
You cannot change the tax year. The current online program is for 2024 only. Only a 2024 return can be prepared online and only a 2024 return can be e-filed.
Online preparation and e-fi...
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You cannot change the tax year. The current online program is for 2024 only. Only a 2024 return can be prepared online and only a 2024 return can be e-filed.
Online preparation and e-filing for 2021, 2022, and 2023 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2021, 2022, or 2023 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
April 14, 2025
4:31 PM
What question do you have about your rental property?
April 14, 2025
4:31 PM
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 14, 2025
4:31 PM
Form 1095-B isn't entered on your federal tax return. Refer to the TurboTax Help article Do I need to enter my 1095-B and 1095-C?
You can deduct the amount of property taxes that you paid on y...
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Form 1095-B isn't entered on your federal tax return. Refer to the TurboTax Help article Do I need to enter my 1095-B and 1095-C?
You can deduct the amount of property taxes that you paid on your personal or second residence. To take this deduction, you must itemize your deductions instead of taking the Standard Deduction. For more information refer to the TurboTax Help articles Claiming Property Taxes on Your Tax Return.
Review the following TurboTax articles to determine if there are additional items that you can deduct on your Schedule A. 20 Common Tax Deductions: Examples for Your Next Tax Return, What Are Itemized Tax Deductions?, and Standard Deduction vs. Itemized Deductions: Which Is Better?
Refer to the TurboTax article Where do I enter my real estate (property) taxes in TurboTax? for navigation instructions to enter your property taxes.
April 14, 2025
4:31 PM
I saw the same message, but after signing off and signing back in, the page refreshed to show "Congrats! Taxes Done" message.
April 14, 2025
4:31 PM
See this TurboTax support FAQ for filing an extension - https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/file-irs-extension-form-4868-turbotax-online/L2rDBZJtx_US_...
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See this TurboTax support FAQ for filing an extension - https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/file-irs-extension-form-4868-turbotax-online/L2rDBZJtx_US_en_US?uid=m9hpil19
April 14, 2025
4:30 PM
Free Federal tax extension is now available here.
April 14, 2025
4:30 PM
Oh--and let's review----you are the one who went ahead and filed a separate return, thereby precluding the filing of a timely joint return.....but you are concerned that "she" might get hit with a pe...
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Oh--and let's review----you are the one who went ahead and filed a separate return, thereby precluding the filing of a timely joint return.....but you are concerned that "she" might get hit with a penalty? Not how it works Mr. Husband.....the penalty would be shared and would really be your fault. But....if there is a refund on the joint return, there is no penalty.
April 14, 2025
4:30 PM
What did you get a 1099R for? After you enter the 1099R you need to enter how much was the RMD. All retirement accounts have an RMD. If you get a pension, Say all of it is the RMD. If you need t...
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What did you get a 1099R for? After you enter the 1099R you need to enter how much was the RMD. All retirement accounts have an RMD. If you get a pension, Say all of it is the RMD. If you need to take the RMD it will ask you if it is the RMD. Say yes. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So for the RMD question put in the same amount as box 1.
April 14, 2025
4:30 PM
Is there a free service?
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April 14, 2025
4:30 PM
Hurricane Beryl (July 2024) damaged my newly purchased rental home roof. House was bought just a week earlier. So I know exactly the FMV before the hurricane. Let's call it $400K. Roof repair estim...
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Hurricane Beryl (July 2024) damaged my newly purchased rental home roof. House was bought just a week earlier. So I know exactly the FMV before the hurricane. Let's call it $400K. Roof repair estimate was $15,000. Since my agent was still helping me find tenants, she said the AFTER FMV would be $400K-$15K = $385K since any buyer at this point would want to new roof. Simple right? Because I had spent all my cash on the purchase, I decided to just do the minimum fix of the roof for $1K to stop the water leaks. In other words I spent $1K on the temporary repair. Per my agent, no buyer would've paid me more then $385K since the roof was still damaged (shingles blown away, but not leaking). Question: On Form 4684, Section B, is it safe to take $15K deduction based on $385K FMV post the disaster? OR Do I take $1K deduction because that's what I actually spent on the repair? Note: No insurance, no reimbursement or anything coming. Pure rental property, nothing to do with any personal property or MAGI. Did not do appraisal after the hurricane.
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April 14, 2025
4:30 PM
At this time, you might want to file an extension until you can contact your employer. You can file for an extension here. You should make payment for amounts that you think you might owe via https:/...
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At this time, you might want to file an extension until you can contact your employer. You can file for an extension here. You should make payment for amounts that you think you might owe via https://www.irs.gov/payments Could your W-2 be available online?
FAQ #8 @ https://www.tax.ny.gov/pdf/publications/income/2007/pub10w.pdf
Q: Does an eligible student have to be enrolled in a degree program or attend college full-time to
qualify for the col...
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FAQ #8 @ https://www.tax.ny.gov/pdf/publications/income/2007/pub10w.pdf
Q: Does an eligible student have to be enrolled in a degree program or attend college full-time to
qualify for the college tuition credit or itemized deduction? A: No, the eligible student does not have to be enrolled in a degree program or attend full-time for the tuition expenses to qualify
April 14, 2025
4:30 PM
Can I file an extension, if I don’t have access to my W-2 & 1099?
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April 14, 2025
4:29 PM
April 14, 2025
4:29 PM
My problem was resolved when my 1099 showed taxable amount undetermined. The amount overdrawn was put back into my retirement account, the tax was paid, but I got it back when I filed. Once you enter...
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My problem was resolved when my 1099 showed taxable amount undetermined. The amount overdrawn was put back into my retirement account, the tax was paid, but I got it back when I filed. Once you enter your 1099 it into Turbo tax, the program will lead you through the process by asking you questions which are easy to answer and the form that you must fill out is there also. One question you are asked is, did you ask for a corrected 1099. I answered yes, however my broker does not do corrected copies. Be sure you know your correct RMD and amount taken and the correct amount of taxes due and paid. I filed and the IRS accepted it.
April 14, 2025
4:29 PM
1 Cheer
Delete this 1099-INT. When it rounds down to $0, you do not need to report it.
April 14, 2025
4:29 PM
No. Not figured out. Both Dmertz and Volvo who try to answer keep on insisting that it is due to "low income". I am not going to state my income on this community board, but that is definitely NOT ...
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No. Not figured out. Both Dmertz and Volvo who try to answer keep on insisting that it is due to "low income". I am not going to state my income on this community board, but that is definitely NOT the case. They were not able to answer or explain. Nor to give an example of how much income they actually think is "small". I can say that I made more income this year than in previous years and never have I had TT register the contribution as having no impact to my tax liability. No one can explain it nor provide an example
April 14, 2025
4:29 PM
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