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April 11, 2025
7:45 PM
Each treaty is unique. United States Income Tax Treaties lists all the treaties. They have sections so you can see which apply to you and the requirements. In addition, if you are filing as a no...
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Each treaty is unique. United States Income Tax Treaties lists all the treaties. They have sections so you can see which apply to you and the requirements. In addition, if you are filing as a nonresident, you want to use Sprintax. They have excellent service answering questions.
April 11, 2025
7:45 PM
Topics:
April 11, 2025
7:45 PM
I don’t know what to out because under miscellaneous incomes or says don’t put self employment income
April 11, 2025
7:44 PM
If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact T...
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If you would like to speak with someone from TurboTax, you can request a call if you have TurboTax Live or add Plus benefits to the Free Edition. Refer to the TurboTax Help article How do I contact TurboTax?
What's the TurboTax phone number?
April 11, 2025
7:44 PM
Are you trying to keep me away from my 1040?
Topics:
April 11, 2025
7:43 PM
You replied: "Every tax preparation software service provider charges a "Convenience Fee" to pay account fees with a federal tax refund. This is nothing new." Well, that $40 "Convenience Fee" i...
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You replied: "Every tax preparation software service provider charges a "Convenience Fee" to pay account fees with a federal tax refund. This is nothing new." Well, that $40 "Convenience Fee" is not true for TurboTax Deluxe in the past, nor for tax year 2024. Good thig, too! I *was* going to find another tax software product for 2025 after seeing the VERY POORLY worded "$40 Refund Processing Fee".
I used TurboTax Deluxe 2024 (Download only, no more CD) purchased at Costco (FYI Costco includes a $10 discount on any "add-ons", such as state tax e-filing bringing it down from $25 to $15).
A few screens before submitting the Federal and State e-file, a screen popped up displaying Federal e-file as $0, and state e-file as $15 (after the $10 Costco state e-file discount).
But when finally clicking on "Continue" to submit both the Federal and State e-files, another screen popped up stating that Federal e-filing is required and that there is a $40 "Refund Processing Fee" which I could choose to pay via credit card or deducting the $40 "Refund Processing Fee" from my Federal refund.
That language needs to be significantly changed! It clearly appears that there will be an unannounced (until *right then*) $40 "Refund Processing Fee".
I called the TurboTax 800.358.6057 product support number, replying "Representative" to the automated voice recognition, and was told by a very patient and courteous representative that I should click on 'Pay by Credit Card' (because I needed to pay the State e-file charge), enter my credit card details and then saw ONLY the State e-file charge, no $40 "Refund Processing Fee"!
I was close to never using TurboTax again, only calling the 800 number and being guided through the credit card process saved the day, and future use of TurboTax.
Spread the word! 🙂
April 11, 2025
7:43 PM
entries come from entries on schedule A. many investment expenses are not deductible for the NIIT tax
such as investment advisory fees.
deductible items include investment interest expense, a...
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entries come from entries on schedule A. many investment expenses are not deductible for the NIIT tax
such as investment advisory fees.
deductible items include investment interest expense, a proration of state income taxes and investment expenses not subject to the 2 % limit under the old laws
Investment expenses are your allowed deductions, other than interest expense, directly connected with the production of investment income. For example, depreciation or depletion allowed on assets that produce investment income is an investment expense. Include investment expenses incurred directly by you or reported to you on Schedule K-1 from a partnership, or by an S corporation, but only if you are allowed a deduction on your return for the expense. Investment expenses don’t include any deductions used in determining your income or loss from a passive activity. CAUTION Don’t include any miscellaneous itemized deductions, which aren’t allowed deductions in tax years beginning after December 31, 2017, and before January 1, 2026
April 11, 2025
7:39 PM
Are you entering more than one rental property? Are you using TurboTax Home & Business? If not, what product? If you're entering separate rental properties in Home & Business, you will enter the i...
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Are you entering more than one rental property? Are you using TurboTax Home & Business? If not, what product? If you're entering separate rental properties in Home & Business, you will enter the insurance for each property when you enter each property's expenses.
If you still need help, reply back.
April 11, 2025
7:39 PM
No, it isn't ready to be filed if it has the watermark. Have you been through the filing steps yet and paid any fees? Either the form has not been finalized by the city yet (unlikely for a city r...
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No, it isn't ready to be filed if it has the watermark. Have you been through the filing steps yet and paid any fees? Either the form has not been finalized by the city yet (unlikely for a city return) or you have not gone through all of the filing steps yet. What city and state are you filing a return for? And have you already e-filed your federal and state returns?
April 11, 2025
7:37 PM
The pictures I posted are my options
April 11, 2025
7:36 PM
My 2024 W2 with a new remote job had no KY state ID number. When I reached out to the company, they had taken KY taxes from the paycheck but had not yet gotten a tax number and remitted the taxes to...
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My 2024 W2 with a new remote job had no KY state ID number. When I reached out to the company, they had taken KY taxes from the paycheck but had not yet gotten a tax number and remitted the taxes to the state. They did so immediately in April 2025, and received a new 9 digit state ID number. The 9 digit number was verified with the state, as they just went through a system upgrade and apparently are using 9 digit ID's now. TT will not accept this 9 digit ID for my 2024 W2, and will also not accept the company federal EIN. Any ideas on how to get TT to efile my returns? Keeps stopping the transmit and saying I have to put a 6 digit number that does not exist.
April 11, 2025
7:35 PM
This is what Turbo Tax has on their wages/income tab.
Total up all insurance premiums and enter them below. Some examples include:
Fire insurance
Theft insurance
Workers' compensation
General lia...
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This is what Turbo Tax has on their wages/income tab.
Total up all insurance premiums and enter them below. Some examples include:
Fire insurance
Theft insurance
Workers' compensation
General liability insurance
April 11, 2025
7:34 PM
April 11, 2025
7:34 PM
Yes, you may split your mortgage interest amount any way that you mutually agree upon such as 70/30, 60/40, 50/50, etc., as a married couple (if you live in a community state, the rules differ depend...
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Yes, you may split your mortgage interest amount any way that you mutually agree upon such as 70/30, 60/40, 50/50, etc., as a married couple (if you live in a community state, the rules differ depending on where you live, but probably requires a 50/50 split).
"Yes, you can split the mortgage interest paid even though the form 1098 has only one taxpayer social security number.
As a married couple who co-owns the home loan and are filing separately, you can each just split the 1098 amounts (boxes 1 and 2) in your TurboTax entries for the home loan.
In other words each of your TurboTax entries will include a form 1098 from the lender that includes only your share of the interest and loan amount."
See TurboTax Expert DMarkM1's original post HERE.
April 11, 2025
7:33 PM
Topics:
April 11, 2025
7:31 PM
This does not work for the Oklahoma state return... which my investments shouldn't even be on because I am not a resident of Oklahoma.
April 11, 2025
7:31 PM
"You will enter $6,870 as Roth IRA contribution for 2024 in the IRA contribution interview ($7,000 - $130 that you withdrew by the due date)." If that 130 earned any money, that just puts you in ...
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"You will enter $6,870 as Roth IRA contribution for 2024 in the IRA contribution interview ($7,000 - $130 that you withdrew by the due date)." If that 130 earned any money, that just puts you in the same boat for 2024 as you are in for 2023. an additional excess will appear. Moreover, that means you won't have 130 2024 dollars available to offset 130 2023 dollars. This is a bad solution unless you take out extra such as $150 or $200 as a cushion. It is still complex but more so. @pbartoli @DanaB27
April 11, 2025
7:30 PM
If you are talking about the NY property tax credit, no, you must be a resident of NY to get this credit.
April 11, 2025
7:30 PM
The personal loan would not be added to your taxes, just the interest earned. Unless you mean you sold a house or something and carry the debt, that would be under an installment sale.