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April 11, 2025
4:28 AM
I owe a payment for my taxes this year. I set up the withdrawal within TurboTax to come out next week. However, I received the money early and directly paid through the IRS’s website so I could get i...
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I owe a payment for my taxes this year. I set up the withdrawal within TurboTax to come out next week. However, I received the money early and directly paid through the IRS’s website so I could get it handled as soon as possible. When the withdraw date comes around, will TurboTax deduct another payment or should I be okay since I paid the IRS the full amount? I checked my TurboTax account and there is no way for me to modify this withdrawal.
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April 11, 2025
4:24 AM
1 Cheer
Be sure to check the box in the Property Profile section to indicate that you converted the rental property to personal use.
Your rental use days would be 120, but your personal use days would ...
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Be sure to check the box in the Property Profile section to indicate that you converted the rental property to personal use.
Your rental use days would be 120, but your personal use days would be 0 since it was converted to all personal use immediately after the rental period ended.
Yes, you would prorate the expenses to cover only the period of time the property was a rental. Your example is correct. However, there are certain cases where TurboTax will do the math for you to prorate rental expenses. Pay attention to the messages onscreen and examine your Schedule E when you are finished to be sure the numbers are accurate for your situation.
April 11, 2025
4:24 AM
If you prepared your taxes Online, you can simply
Log in on any computer
Use your ID and Password that you used for the original return, and
Continue and file the tax return
April 11, 2025
4:20 AM
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April 11, 2025
4:19 AM
Do you owe taxes, or TurboTax fees.
To view what you were charged for:
Gog into TurboTax
On the left sidebar toward the bottom
Click Intuit Account
A screen with boxes will show up...
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Do you owe taxes, or TurboTax fees.
To view what you were charged for:
Gog into TurboTax
On the left sidebar toward the bottom
Click Intuit Account
A screen with boxes will show up
From the left sidebar
Select Products and Billing
April 11, 2025
4:17 AM
?
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April 11, 2025
4:15 AM
Wages & Income: W-2 error in block 14 code K should be: “K - Pretax Vision and Dental Deduction”
according to the Employee W-2 form.
And NOT:
“K – 20% excise tax – golden parachute” which in ...
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Wages & Income: W-2 error in block 14 code K should be: “K - Pretax Vision and Dental Deduction”
according to the Employee W-2 form.
And NOT:
“K – 20% excise tax – golden parachute” which in the 2022 Turbo tax program.
Still the same in 2023. In fact, for Box 14, Codes K, V, and Y were all interpreted incorrectly by TurboTax. Not only were they coded incorrectly, but if we hadn't caught the errors, we would have paid both federal and state income taxes instead of receiving refunds. Let the buyer beware.
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April 11, 2025
4:12 AM
It depends on what the settlement was for.
If it was for your vehicle damage, then it is not taxable income unless it resulted in a gain. Meaning, if you ended off getting more from your car t...
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It depends on what the settlement was for.
If it was for your vehicle damage, then it is not taxable income unless it resulted in a gain. Meaning, if you ended off getting more from your car than you paid for it, then the gain would be taxable. If the payment was because your car was totaled and that was the value the insurance company determined it was worth and you had more than that into it, then it would not be deductible.
If it was for lost wages, you would enter them as other reportable income by selecting the following:
Federal
Income and Expenses
Scroll down to Less Common Income and click Show More
Start next to Miscellaneous Income
Start next to Other Reportable Income
April 11, 2025
4:11 AM
April 11, 2025
4:10 AM
I need assistance
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April 11, 2025
4:07 AM
You can enter this as other income by selecting the following:
Federal
Income and Expenses
Scroll down to Less Common Income and click Show More
Start next to Miscellaneous Income
St...
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You can enter this as other income by selecting the following:
Federal
Income and Expenses
Scroll down to Less Common Income and click Show More
Start next to Miscellaneous Income
Start next to Other Reportable Income
You cannot claim expenses only the income.
April 11, 2025
4:06 AM
1 Cheer
Yes, you can use TurboTax to report that you made a Qualified Charitable Distribution.
You enter the Form 1099-R that is reporting the distribution which was the Qualified Charitable Distributi...
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Yes, you can use TurboTax to report that you made a Qualified Charitable Distribution.
You enter the Form 1099-R that is reporting the distribution which was the Qualified Charitable Distribution (QCD). As long as the requirements for QCD have been met, you will see follow-up questions to answer in order to indicate that it was a QCD.
See the following TurboTax help article for more information:
What is a Qualified Charitable Distribution?
April 11, 2025
4:05 AM
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April 11, 2025
4:04 AM
Thanks again for the quick response. This extension would extend the current visa period, but I am not sure I understand how it affects the exemption ending in 2023.
April 11, 2025
4:03 AM
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April 11, 2025
4:01 AM
The sale is taxable.
If you made a profit or gain on the sale of a personal item, your profit is taxable.
The profit is the difference between the amount you received for selling the item an...
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The sale is taxable.
If you made a profit or gain on the sale of a personal item, your profit is taxable.
The profit is the difference between the amount you received for selling the item and the amount you originally paid for the item.
IRS Sale of personal items
April 11, 2025
3:54 AM
Legal fees related to whistleblower claims can be deducted on your tax return.
Please see Can I Deduct Legal Fees on My Taxes?
To post these fees
Select Deductions & Credits
Scroll t...
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Legal fees related to whistleblower claims can be deducted on your tax return.
Please see Can I Deduct Legal Fees on My Taxes?
To post these fees
Select Deductions & Credits
Scroll to Other Deductions & Credits
From the drop down
Choose Legal Fees
April 11, 2025
3:51 AM
Can (and how/where) you claim temporary housing payments you made to live while your house was unlivable due to a natural disaster. Yes it was federally declared and I have the fema number. I only se...
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Can (and how/where) you claim temporary housing payments you made to live while your house was unlivable due to a natural disaster. Yes it was federally declared and I have the fema number. I only see where you can claim property loss not covered by insurance. How do you claim having to pay rent when it was not covered by fema or insurance? We do not pay rent in our home, we own it outright so a remtal expense is above our normal living expenses. Thank you
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April 11, 2025
3:48 AM
I started filling in my taxes online my laptop, then my laptop failed. I have the backup file. Can i continue filling in my taxes online?
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