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April 15, 2025
7:41 AM
Q
April 15, 2025
7:41 AM
No. It sounds like you fall into a 'Not for Profit' rental situation. See the details below.
Not for Profit Rental:
If you do not rent your property to make a profit, you can deduct your rent...
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No. It sounds like you fall into a 'Not for Profit' rental situation. See the details below.
Not for Profit Rental:
If you do not rent your property to make a profit, you can deduct your rental expenses only up to the amount of your rental income. You cannot deduct a loss or carry forward to the next year any rental expenses that are more than your rental income for the year.
If you never depreciated the property due to the intent of not for profit during any and all rents, then there is nothing to recapture when you sell your home.
IRS Publication 527
April 15, 2025
7:40 AM
If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.
You must first wait until th...
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If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.
You must first wait until the initial return is completely processed.
You will have to use the same TurboTax account that you used for the original tax return.
Once you begin your amendment, you'll see your original return.
The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
Only make changes to the areas of your return that need to be corrected.
You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment
Select your product below and follow the instructions.
Amend TurboTax Online
Amend TurboTax CD/Download
April 15, 2025
7:40 AM
What codes are in box 7 of the 1099-R?
April 15, 2025
7:40 AM
Midnight 4-15-2025 = deadline for postmark to get stimulus.
Look at your online account with the IRS to see if they sent you $1400 in 2021.
https://www.irs.gov/payments/your-online-account
...
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Midnight 4-15-2025 = deadline for postmark to get stimulus.
Look at your online account with the IRS to see if they sent you $1400 in 2021.
https://www.irs.gov/payments/your-online-account
If you could be claimed as someone else's dependent in 2021, you are not eligible for the payment.
If you were eligible and do not receive a payment soon from the IRS, the other way to get the payment is to amend your 2021 return to use the recovery rebate credit before April 15, 2025. If you did not file a 2021 return at all, then prepare one and mail it in.
2021
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
Here is the IRS 2021 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2021.pdf
or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2021.pdf
And 2021 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2021.pdf
2021 Tax and EIC Tables https://www.irs.gov/pub/irs-prior/i1040tt--2021.pdf
Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2021.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2021.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2021.pdf
April 15, 2025
7:40 AM
If you are in the Online version, you must pay the TurboTax Fees before you can print.
April 15, 2025
7:40 AM
The IRS uses your prior year AGI to combat fraud.
You can find your 2023 Adjusted Gross Income (AGI) by:
Looking at line 11 on page 1 of your 2023 Form 1040
Requesting a transcript o...
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The IRS uses your prior year AGI to combat fraud.
You can find your 2023 Adjusted Gross Income (AGI) by:
Looking at line 11 on page 1 of your 2023 Form 1040
Requesting a transcript of your 2023 tax return from the IRS. You can request your transcript online at the following link: Get Transcript
Please click on this TurboTax article for more information.
Check these items as well to ensure you have the correct number. If you:
Filed late last year after mid-November or your return was processed after that time—try entering 0.
Amended your return last year—make sure you’re using the AGI from your original return, not the amended one. (If you only have a 1040X form, it’s on line 1, column A).
Rounded your AGI to the nearest dollar—be sure to round up when it’s 50 cents or more and down when it’s 49 cents or less.
Filed with your spouse last year—you and your spouse have the same 2023 AGI. (Don’t split the AGI amount or enter 0 for one of you).
Time-saving Tip: If what you entered is correct and you continue to get a reject, you won't be able to e-file. There's probably a data mismatch at the government, or some other situation beyond your control that prevents your return from being e-filed. In this case, your only option would be to print and mail in your return.
This article will give you instruction on how to print and mail your return.
April 15, 2025
7:40 AM
Free Federal tax extension is available here.
April 15, 2025
7:40 AM
I need to talk to a live agent
Topics:
April 15, 2025
7:39 AM
See this link for requesting a refund:
How do I request a refund?
@Naomi1234
April 15, 2025
7:39 AM
1 Cheer
I note that Intuit's interface says: "Questions are answered within a few hours on average." That does not seem to be happening.
April 15, 2025
7:38 AM
It appears you're using TurboTax Desktop. Go to Federal Taxes >> Wages & Income >> Rental Properties and Royalties. If you have already entered a rental property, click Edit to review your entries. O...
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It appears you're using TurboTax Desktop. Go to Federal Taxes >> Wages & Income >> Rental Properties and Royalties. If you have already entered a rental property, click Edit to review your entries. Otherwise, add a property by following the interview to set up a new rental property.
Depending on the version of TurboTax you are using, you should eventually arrive on the Rental Summary page. From this page you can enter Rental Income or Expenses (click Start/Update).
Note that your entries create a Schedule E Worksheet (a TurboTax worksheet, not an IRS form) that displays your entries. This worksheet can be manually edited for any field highlighted in yellow. When you set up a rental asset, that information is shown on the Asset Entry Worksheet.
The result of completing the Rental Property entries is reported on Schedule E page 1, Part I.
April 15, 2025
7:38 AM
You can file your extension at our Easy Extension website, or select your situation here for detailed steps. Keep in mind, an extension does not give you extra time to pay your taxes, which are due o...
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You can file your extension at our Easy Extension website, or select your situation here for detailed steps. Keep in mind, an extension does not give you extra time to pay your taxes, which are due on April 15, 2025.
Per IRS:
If you contacted your employer and still don't have your W-2, call us at 800-829-1040.
Have your information ready so we can help you:
Name, address and phone number
Social Security or individual tax ID number
Dates when you worked for the employer
Employer's name, address and phone number
We'll contact your employer and request the missing W-2.
We'll also send you a copy of Form 4852, Substitute for Form W-2, Wage and Tax Statement. You can use this to file your tax return without your W-2.
April 15, 2025
7:38 AM
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 15, 2025
7:38 AM
Topics:
April 15, 2025
7:37 AM
Here are two FAQs to help: What if I'm having trouble with my filing verification code? and How do I get a verification code if the email address is wrong?
April 15, 2025
7:37 AM
Free Federal tax extension is available here.