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Yes, you may be able to deduct certain taxes paid on a new vehicle purchased in Colorado, but only specific portions of the vehicle registration fees are deductible. Here's how it works:   Ded... See more...
Yes, you may be able to deduct certain taxes paid on a new vehicle purchased in Colorado, but only specific portions of the vehicle registration fees are deductible. Here's how it works:   Deductible Portion: The deductible part of your Colorado vehicle registration fee is the ownership tax. This tax is based on the value of your vehicle and is considered a personal property tax Non-Deductible Portions: Other fees such as license fees, emissions testing fees, and administrative fees are not deductible   To enter this information in TurboTax: Open or continue your return. Navigate to the car registration section: Go to car registration. or go to magnifying glass at top right of screen and Search for car registration and select the Jump to link. Answer Yes to Did you pay any car registration fees in 2024? and then enter them on the next screen. For more detailed guidance, you can refer to the following sources: TurboTax Help Article on Deductible Car Registration Fees Accounting Insights on Colorado Vehicle Registration Tax
What does it means when it says financial institution too many characters
Yes, you should enter the final inventory as 0, even if that results in a loss of over $700.  Also, since you are closing your business this year, you need to report your business and continue the en... See more...
Yes, you should enter the final inventory as 0, even if that results in a loss of over $700.  Also, since you are closing your business this year, you need to report your business and continue the entries as if you were reporting income and expenses from your business.  TurboTax will ask you for more information about your business, because there are some situations that could still affect your return this year.  Some of those could be if you sold your business, or if you had business property that you disposed of.     When you edit this prompt, TurboTax will ask if you stopped your business, and will ask for more information on how to closed the business.  You will still have to go through the interview process for the business. The program will ask about income and expenses, and about any assets that the business had.     For more information visit the following links for both IRS and TurboTax information on closing a business:   Steps to take to close your business Closing a Business
If the LLC is receiving the income and expenses, you should file the partnership return, UNLESS you are married and live in a community property state, then you can continue to report it on your Sche... See more...
If the LLC is receiving the income and expenses, you should file the partnership return, UNLESS you are married and live in a community property state, then you can continue to report it on your Schedule E.
What is the best way about doing this. IRS online says I had to file online before January 31st. I tried going through their portal but is asking for EIN which I dont have.
2024 Turbo Tax Deluxe purchased  (Mac) - unable to log in with a second user/computer, please help, thanks  
I was able to file my state and federal, they do not have a watermark, only the city taxes and it is well past the date. I spoke to someone at turbo tax and they cant figure it out either.
It sounds like the text message could be a scam.  Did you receive an email with acceptance confirmation for both federal and state? Does it show accepted on your home screen?    How do I check ... See more...
It sounds like the text message could be a scam.  Did you receive an email with acceptance confirmation for both federal and state? Does it show accepted on your home screen?    How do I check my e-file status?
MA has 2 deductions available and follow the federal law. A dependent can't take the deduction.   References: Massachusetts Education-Related Tax Deductions - Mass.gov and Student Loan Interest Ded... See more...
MA has 2 deductions available and follow the federal law. A dependent can't take the deduction.   References: Massachusetts Education-Related Tax Deductions - Mass.gov and Student Loan Interest Deduction 
I have the desktop software version, so I’ve already paid for the product.   On the qualified dividends in capital gain tax worksheet, the amount online 22 is different than what I calculate whe... See more...
I have the desktop software version, so I’ve already paid for the product.   On the qualified dividends in capital gain tax worksheet, the amount online 22 is different than what I calculate when I use the IRS‘s worksheet. I take line 5 from the qualified dividends and capital gain tax worksheet to use on the IRS worksheet and it returns a different result. The TurboTax desktop software does not let you see the tax computation worksheet. It’s considered an internal calculation. I think a software developer with TurboTax needs to look at this
I am working on my IL nonresident return and it is asking about whether the income was earned in IL. However, my employer will not provide a letter with company letterhead that shows either the number... See more...
I am working on my IL nonresident return and it is asking about whether the income was earned in IL. However, my employer will not provide a letter with company letterhead that shows either the number of days I was in the office in 2024, or the amount of money I made while working from IL.
It might be best if I can take a look at your return.  You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instru... See more...
It might be best if I can take a look at your return.  You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online:    From the left menu select Tax Tools.  Then select Tools below Tax Tools.  A window will pop up which says Tools Center.   On this screen, select Share my file with Agent.  You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.  Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.     The instructions for TurboTax Download:    On your menu bar at the very top, click "Online" Select "Send Tax File to Agent"   Click "Send" The pop-up will have a token number Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.     We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.  
You cannot file your tax return without this information.  You can request the information from your employer or former employer.  If you are unable to reach them for this information, you can file y... See more...
You cannot file your tax return without this information.  You can request the information from your employer or former employer.  If you are unable to reach them for this information, you can file your return using the information contained on your Wage & Income transcript from the IRS website.  However, the transcript will not contain information about your state, if you live in a state with income taxes.  
Yes, you can deduct the Florida mortgage interest as long as you owned the home. 
In TurboTax Premium Online, enter Inventory values at the screen Let's get the value of inventory.      
Your W-2 may be able to be imported into your tax return, but you will need to have a copy of the form in hand in order to enter some information that is included on the form that was issued to you. ... See more...
Your W-2 may be able to be imported into your tax return, but you will need to have a copy of the form in hand in order to enter some information that is included on the form that was issued to you.  There is not a way to search and find your W-2s without you having this specific information.
Problem solved: Found a solution on Reddit. I had to go to the IRS website and enroll in a pin for both myself and my spouse and then amend the taxes in TurboTax again and use the 6 digit IRS identit... See more...
Problem solved: Found a solution on Reddit. I had to go to the IRS website and enroll in a pin for both myself and my spouse and then amend the taxes in TurboTax again and use the 6 digit IRS identity protection pin when submitting the amendment this time. 
If you want to file separately you do not need an ITIN for your spouse.  You also don't need to come to the US to apply for an ITIN, if you want one. How do I get an Individual Tax Payer Identificati... See more...
If you want to file separately you do not need an ITIN for your spouse.  You also don't need to come to the US to apply for an ITIN, if you want one. How do I get an Individual Tax Payer Identification Number.  If you do want to apply for an ITIN for your spouse, you will need to mail your tax return in with the ITIN application.  However, it's not required to be able to file your return using the MFS status.   To file separately, just be sure that in the "My Info" section of the program that you have indicated that your spouse is a nonresident alien, but do not indicate that you want to treat her as an alien for tax purposes.  Ignore the messages in TurboTax indicating that the ITIN is missing and proceed to electronically file the return.