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April 16, 2025
1:49 PM
When you originally installed your software, did you have a thumb drive in one of your USB drives? Or do you have your software installed in OneDrive instead of a local drive? From another user: ...
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When you originally installed your software, did you have a thumb drive in one of your USB drives? Or do you have your software installed in OneDrive instead of a local drive? From another user: I keep my TurboTax files in a secure personal vault on OneDrive. It appears that OneDrive might be related to the issue. I moved my saved file to the local computer drive and launched by double clicking the saved file. This bypassed the repeated activation codes, and when I closed Turbotax and then used the normal icon it did not ask for activation. However it comes back as a problem, when it does I just close out, and opening from the local saved file is needed to get back to normal.
April 16, 2025
1:49 PM
1 Cheer
You can not efile state before federal. Filing an extension is not filing a federal return. So to file state before federal you would have to print and mail state. Why would you want to file sta...
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You can not efile state before federal. Filing an extension is not filing a federal return. So to file state before federal you would have to print and mail state. Why would you want to file state first? Doesn’t it need all your federal info even the K-1s?
April 16, 2025
1:49 PM
My answer is based on the assumption that $40,000 is the cost basis (basically, what you purchased it for) of the crypto rather than the Fair Market Value (FMV) of it in 2022. Here is what you ne...
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My answer is based on the assumption that $40,000 is the cost basis (basically, what you purchased it for) of the crypto rather than the Fair Market Value (FMV) of it in 2022. Here is what you need to report on your 2024 tax return if the crypto was held for investment purposes: 1. Capital loss of $12,900. $27,100 received. The cost/basis - $40,000. If you held it for over a year, then it's a long-term loss. Otherwise, short-term. 2. Capital gain $16,000. Proceeds received - $42,000. Cost basis $26,000 (because when you sold your crypto, only the first distribution was received). This will be a short-term gain subject to ordinary income rates. The other $1,100 is your cost in the cryptos received. Use that amount to report a sale in the future. 3. As for the interest income, you would need to amend your 2022 tax return and remove the interest reported then. Another option is to report it as nonbusiness bad debt. If you lent your coins in exchange for interest, it could be considered a debt instrument. Thus, allowing you to claim the loss as a short-term loss on your 2024 tax return. Please note that the debt must be totally worthless before you can deduct it. If the cost of the original investment was not $40,000, just plug in the correct number in the above calculations to get what you need to report.
April 16, 2025
1:49 PM
No. Your rental income doesn't qualify as self-employed income thus the Medicare premiums cannot be deducted as self-employed income.
April 16, 2025
1:48 PM
Yes, if you filed an Extension in December, then again on April 15th, you could get this message. If you can explain why you felt the need to file a second extension request, we'll try to help.
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Yes, if you filed an Extension in December, then again on April 15th, you could get this message. If you can explain why you felt the need to file a second extension request, we'll try to help.
@FlattaxPlease
April 16, 2025
1:48 PM
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April 16, 2025
1:48 PM
If you need help accessing your account, see this FAQ: Access your TurboTax Account
April 16, 2025
1:48 PM
Well I can inform you that I haven't "doubled dipped", because even filing single We have to pay back a lot amounts. what we need to do, because I have been told to keep it as single status because t...
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Well I can inform you that I haven't "doubled dipped", because even filing single We have to pay back a lot amounts. what we need to do, because I have been told to keep it as single status because the IRS is not aware of us being married.
April 16, 2025
1:47 PM
Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about your payment.
If you want to check the debit date you specified, look on the filing instructions for your return. It wi...
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Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about your payment.
If you want to check the debit date you specified, look on the filing instructions for your return. It will tell you the debit date the IRS or State will deduct the payment. If you did not print them out you can view them using the following steps:
TurboTax Online
In TurboTax Online, sign into your account.
You should be on your Tax Home page.
Scroll down to Your tax returns & documents.
Select 2024, and then select Add a State (you're not actually adding a state, this just gets you into the right menu).
Once you're in your return, you can navigate around as usual.
Click Tax Tools (in the black bar on the left of your screen) and then click select Print Center.
Click Print, save or preview this year's return
TurboTax CD/Download
Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.
In the Forms in My Return list on the left, click Filing Inst. [It's usually toward the bottom of the list.] The form will appear on the right side of the screen.
You can view the form on the screen or you can print a copy by clicking the Print box at the bottom of the screen.
To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.
April 16, 2025
1:46 PM
Thank you, that is not an unreasonable amount of time to wait and see if they automatically issue the refund. I suppose I need to look into this next year because we now have K-1's as part of our st...
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Thank you, that is not an unreasonable amount of time to wait and see if they automatically issue the refund. I suppose I need to look into this next year because we now have K-1's as part of our stock portfolio. I'm guessing this will happen next year as well.
April 16, 2025
1:46 PM
Generally, you wouldn't report taxes deducted as source because you usually get these refunded when you file your Indian tax return. If these taxes are not all refunded, you can claim a foreign tax ...
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Generally, you wouldn't report taxes deducted as source because you usually get these refunded when you file your Indian tax return. If these taxes are not all refunded, you can claim a foreign tax credit for the taxes.
Go to Federal
Deductions and credits
Estimate and other taxes paid
Foreign Tax Credit>start or revisit
As you go through the screens, when it asks "Tell Us About Your Foreign Taxes" select none of these apply.
When it asks if you wish to take the deduction and credit, take the credit.
Continue through until you reach a screen that says "No other income or expenses" Say no
Continue through until it asks the income type, say Passive Income
Next add a country pick India
Other Gross Income say Sale of Property and the Gross Amount of the sale
Continue through the interview until it asks for the foreign taxes you paid, here record the amount.
Now you are done reporting the foreign taxes. Just keep going through the section without making any more entries. You will have finished reporting your gross income from the sale and the foreign taxes paid.
April 16, 2025
1:46 PM
Sorry---no, you are not permitted to amend past returns to claim a child who had no SSN for those years in order to get the child tax credit or earned income credit. You can claim her as a dependen...
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Sorry---no, you are not permitted to amend past returns to claim a child who had no SSN for those years in order to get the child tax credit or earned income credit. You can claim her as a dependent on your tax returns going forward now that she has a SSN.
April 16, 2025
1:45 PM
@Jorgums Are you using the Desktop program or the Online version? In the Online version the fees are to prepare the return whether you efile or print and mail . If you are using the Desktop prog...
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@Jorgums Are you using the Desktop program or the Online version? In the Online version the fees are to prepare the return whether you efile or print and mail . If you are using the Desktop program and paid the state efile fee (which is either $20 or 25) you can call and ask for a refund. $64 sounds Iike the Online version. How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991
April 16, 2025
1:45 PM
Yes, I got a second email that the Federal were filed and the acceptance email. It must have automatically triggered the filing then as you indicate. I obviously did it wrong, but how would you ...
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Yes, I got a second email that the Federal were filed and the acceptance email. It must have automatically triggered the filing then as you indicate. I obviously did it wrong, but how would you file an extension plus file the State?
April 16, 2025
1:44 PM
I cant file unless these entries are populated. I'm not sure what to enter
Topics:
April 16, 2025
1:43 PM
a great example of a time where I thought things were going one way and I ended up being pleasantly surprised by the outcome literally happened to me within the past 24 hours, with the latest tax fil...
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a great example of a time where I thought things were going one way and I ended up being pleasantly surprised by the outcome literally happened to me within the past 24 hours, with the latest tax filing. I thought I had way more federal tax due than I should. Turns out, as I suspected, my income was being double counted. I went to your community site and found my answer here: https://ttlc.intuit.com/community/taxes/discussion/they-are-complimentary-documents-the-reason-why-is-the/01/637198#M257565 Thank you! (I realize the answer dates back to 2019, but the guiding principal is the same.)
April 16, 2025
1:43 PM
Any forms filed with your tax return should be kept in the tax file in the business records. As long as you have the forms you uploaded that's what's important. You can always contact the IRS or crea...
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Any forms filed with your tax return should be kept in the tax file in the business records. As long as you have the forms you uploaded that's what's important. You can always contact the IRS or create a business account that allows access to view the business information. The business transcripts may possibly show these forms on file.
IRS Business Tax Account
An authorized person for the company can also call at some point to confirm the forms are part of the return that was e-filed. TurboTax is required to meet certain IRS requirements to be allowed to e-file returns.
IRS Telephone Assistance for Business Customers
@yahu2us
April 16, 2025
1:42 PM
@Susanbfraley wrote:
Change payment date to May 1,2025
If you filed your tax return and have federal taxes owed and were paying with direct debit from your bank account and now want to cha...
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@Susanbfraley wrote:
Change payment date to May 1,2025
If you filed your tax return and have federal taxes owed and were paying with direct debit from your bank account and now want to change the date of payment, you will have to cancel the payment.
Go to this IRS website for how to cancel a federal tax payment - https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal
Once your return is accepted, information pertaining to your payment, such as account information, payment date, or amount, cannot be changed. If changes are needed, the only option is to cancel the payment and choose another payment method.
Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
After the payment has been cancelled use the IRS payment website to pay the taxes owed - https://www.irs.gov/payments
Tax payments made after the due date of the tax return are subject to penalties and interest on the unpaid balance.
April 16, 2025
1:41 PM
Open your tax file and go to File. Proceed to the screen, "Review Your Federal Filing Choices". Review your Identifying Information (AGI). If you filed a prior year return, you must enter the Prior Y...
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Open your tax file and go to File. Proceed to the screen, "Review Your Federal Filing Choices". Review your Identifying Information (AGI). If you filed a prior year return, you must enter the Prior Year AGI for the Taxpayer (and Spouse if applicable). Do not use the tabs at the top of the screen to exit this interview. Once you have made the necessary corrections, you may resubmit this return for electronic filing. If the reject continues, you may need to print and file this return by mail.
April 16, 2025
1:41 PM
The W-4 he gives to his employer only tells the employer how much tax to withhold from his paychecks. That form does not go to the IRS and does not dictate how you have to file your tax return. H...
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The W-4 he gives to his employer only tells the employer how much tax to withhold from his paychecks. That form does not go to the IRS and does not dictate how you have to file your tax return. His tax withholding will be different. What is important is to file correctly using the correct filing status. You have both been making big mistakes by filing as single. Whether it has been to your advantage financially, whether you have "double dipped" by using the same itemized deductions, or whether you have kind of shot yourselves in the foot many times is impossible to know since we have no idea what kind of income you have had or if you have missed out on child-related credits, etc.