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April 14, 2025
12:04 PM
how do I file a federal tax extension?
Topics:
April 14, 2025
12:04 PM
I don't see that this will cause a problem.
April 14, 2025
12:03 PM
Maryland non-resident tax table?
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April 14, 2025
12:03 PM
If you are a single member LLC, you should not be using TurboTax BUSINESS> You should be using TurboTax Home and Business or TurboTax Premium online. If you are a single member LLC and did not elec...
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If you are a single member LLC, you should not be using TurboTax BUSINESS> You should be using TurboTax Home and Business or TurboTax Premium online. If you are a single member LLC and did not elect to be treated as a S- Corp, you would be filing a Schedule C instead of a 1065. A 1065 if a partnership return. If you are using TurboTax Business, you will need to switch to Home and Business or Premium. If you chose to be treated as an S-Corp then you would file form 1120S using TurboTax BUSINESS.
April 14, 2025
12:03 PM
Thank you for your prompt reply. Unfortunately, downgrading to regular Premium was not an option, and after spending hours doing my taxes, I wasn't about to opt to erase and start over. After paying ...
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Thank you for your prompt reply. Unfortunately, downgrading to regular Premium was not an option, and after spending hours doing my taxes, I wasn't about to opt to erase and start over. After paying for the product and filing my taxes, I requested a $70 refund, since I did not intend to sign up for Premium Live and did not use the Live feature. This request was denied. I am frustrated because I feel that I was somehow routed into the Live product without my knowledge or through a marketing trick. I have discovered that other customers have experienced the same thing. I am a long-time customer and feel that I have been swindled. I am considering reporting Intuit to the Better Business Bureau and taking other actions if my refund request is not honored.
April 14, 2025
12:03 PM
Please help me understand. I have mutual fund investments that have eligible income from US government securities. Are those exempt from federal tax? or just State? I don't file state income tax....
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Please help me understand. I have mutual fund investments that have eligible income from US government securities. Are those exempt from federal tax? or just State? I don't file state income tax. But if applicable, do I calculate the percentage using box 1a or 1b totals from the 1099 DIV?
April 14, 2025
12:03 PM
If you agree, nothing with the state. I suggest help to ensure they are right. For Accuracy guarantee submission and TurboTax Audit Support Center.
April 14, 2025
12:03 PM
I am unable to add a 1099-R for $.15. Every time I complete the form, it gives an error and takes me back to enter a valid amount. Do I not have to add a 1099-R that is under a certain amount? Any ad...
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I am unable to add a 1099-R for $.15. Every time I complete the form, it gives an error and takes me back to enter a valid amount. Do I not have to add a 1099-R that is under a certain amount? Any advice is greatly appreciated!
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April 14, 2025
12:03 PM
I have owned the house in San Diego since 2002.
April 14, 2025
12:03 PM
have a prolem becacause the homevalue is too high to qualify. HOW do I remove that worksheet from my KS taxes???
April 14, 2025
12:02 PM
That is correct. If you received a fee as a fiduciary (trustee), you would report that fee as Other miscellaneous income.
April 14, 2025
12:02 PM
The address to mail your IRS payments depends on the state that you live in. Refer to the IRS website Pay by check or money order for instructions to mail your payment.
April 14, 2025
12:02 PM
Yes, you can remove a "Sale of Business Property" that you added in error. You can delete your entries for sale of business property by going back to that section in TurboTax. You can review your scr...
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Yes, you can remove a "Sale of Business Property" that you added in error. You can delete your entries for sale of business property by going back to that section in TurboTax. You can review your screens and delete any entries.
You can delete your entries for a sale of business property as follows:
Click on the search icon in the upper right of your TurboTax screen
Type "sale of business property" in the search box
Click on the link "Jump to sale of business property"
Follow through your screens and delete any entries you made.
If a Form 4797, "Sales of Business Property" was created and remains in your return, you can delete that Form using the following instructions.
If you are using TurboTax Desktop:
Click on "Forms" in the upper right corner of your TurboTax screen to switch to Forms Mode
In your left panel under "Forms in My Return"
Scroll down to "Form 4797 Sales of Business Property"
Click on the form and it displays in your right panel
In the bottom left of the form in your right panel click on "Delete Form"
If you are using TurboTax Online:
Choose Tax Tools option on the left menu bar in the federal section of TurboTax
Choose Tools
Under Other Helpful Links choose Delete a form
Find the Form 4797 Sales of Business Property and click on the option to delete it
Your screens will look something like this:
Type "sale of business property" in your search bar:
When you switch to Forms Mode in TurboTax Desktop, your screen will look something like this to delete Form 4797:
When you delete a form in TurboTax Online go to "Tax Tools" then "Tools" and select "Delete a Form" then find your Form 4797 in the list and click on "Delete"
Click here for "How do I edit or delete the sale of a business property I've already entered (Form 4797)?"
If you have additional information or questions regarding this, please return to Community and we would be glad to help.
April 14, 2025
12:01 PM
Hi all — I’m looking for some clarity on how the IRS treats suspended rental losses in a specific situation. Here’s my scenario: I sold my primary residence in California in 2024. I lived in i...
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Hi all — I’m looking for some clarity on how the IRS treats suspended rental losses in a specific situation. Here’s my scenario: I sold my primary residence in California in 2024. I lived in it for 4 years, then rented it out for 1 year, and then sold it. I qualified for the Section 121 capital gains exclusion, so no gain was taxed except for $7K depreciation recapture (which I’m accounting for). During the 1 year I rented it, I reported a $10,000 rental loss on my tax return (Schedule E), mostly from depreciation and expenses. My AGI is over $150K, so the $10K passive loss is currently suspended due to the passive activity loss (PAL) rules. My question is: 👉 Can I deduct the entire $10K rental loss in the year of sale, since I’ve disposed of the property in a fully taxable transaction? Or does the IRS not consider this a "disposition of a passive activity" since it was only rented for one year and mostly a primary residence? Would love to hear from anyone who’s had a similar case or has insight into how this is treated. I’ve read the regs and looked at Form 8582, but it seems like this case sits in a bit of a gray area. Thanks in advance!
April 14, 2025
12:00 PM
If you now own the rental property as a Single-Member LLC, you can report this activity on Schedule E. Look for Vehicles under Rental Expenses.
See also: How do I claim vehicle expenses for my ...
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If you now own the rental property as a Single-Member LLC, you can report this activity on Schedule E. Look for Vehicles under Rental Expenses.
See also: How do I claim vehicle expenses for my business or rental?
April 14, 2025
12:00 PM
Did you ever make any contributions with after tax dollars or was all of it pre-tax? If all of it was pre-tax- then you have no basis. If you rolled into a traditional IRA, still not taxable. Roll to...
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Did you ever make any contributions with after tax dollars or was all of it pre-tax? If all of it was pre-tax- then you have no basis. If you rolled into a traditional IRA, still not taxable. Roll to ROTH is taxable.
April 14, 2025
12:00 PM
1 Cheer
We've added the download link for the 2023 Clean Slates Tool to this article: State install/e-file update loop: State not installed after installation or TurboTax needs to update prior to e-file
@E...
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We've added the download link for the 2023 Clean Slates Tool to this article: State install/e-file update loop: State not installed after installation or TurboTax needs to update prior to e-file
@Edward M
April 14, 2025
12:00 PM
You can get to these screens in TurboTax as follows:
To manually enter a Form 1098 in TurboTax you can do the following:
Click on the search icon at the top right of your TurboTax screen
...
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You can get to these screens in TurboTax as follows:
To manually enter a Form 1098 in TurboTax you can do the following:
Click on the search icon at the top right of your TurboTax screen
Type "1098" in the search bar
Click on the link "Jump to 1098"
Enter your Form 1098 and answer all of the follow-up questions accurately
Your screens will look something like this:
Click here for "Where do I enter my 1098 mortgage interest statement?"
Click here for additional information on the Mortgage Interest Deduction
Click here for additional information on mortgage interest
April 14, 2025
12:00 PM
What do I do with the Notice of Adjustments? My refund was revised from $2,296 to $171