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April 14, 2025
8:51 AM
Are you using a Desktop version of TurboTax? Which solution doesn't work for you?
If you are using Home and Business:
open the Business tab
select Update next to Schedule C
select De...
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Are you using a Desktop version of TurboTax? Which solution doesn't work for you?
If you are using Home and Business:
open the Business tab
select Update next to Schedule C
select Delete next to the name of the business
@porzal
April 14, 2025
8:50 AM
Topics:
April 14, 2025
8:50 AM
Yes, you can report expenses related to Farm Rental Income on Form 4835. Follow these instructions:
Open your return and go to Federal >> Wages & Income.
Scroll down to Business Items or ...
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Yes, you can report expenses related to Farm Rental Income on Form 4835. Follow these instructions:
Open your return and go to Federal >> Wages & Income.
Scroll down to Business Items or Rentals, Royalties, and Farm (this depends on what version you are using). Note: You may need to search for "farming" to trigger the Farm Income and Farm Rental topic. Don't enter anything if you do. Use the Back command to return to the Wages & Income page.
Select or Start/Update/Revisit Farm Income and Farm Rental.
On "Did you have any farm or farm rental income in 20XX?" click Yes.
On "Tell Us About Your Farm or Farm Rental Income," select I received a share of the production from my farm rental (this is required to trigger Form 4835).
Select I did not materially participate in my farm rental, then Continue.
Complete the rest of the screens, including income and expenses for this activity. Note that you don't need an EIN unless you paid wages.
April 14, 2025
8:50 AM
Topics:
April 14, 2025
8:50 AM
box 11 code s = non-portfolio capital gain/loss
April 14, 2025
8:50 AM
If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pa...
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If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.
https://www.irs.gov/payments
https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212
https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403
To apply for a payment plan with the IRS
Apply Online for a Payment Plan
You must pay your state tax due using the state’s preferred method of receiving payment. For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
April 14, 2025
8:50 AM
You are in the Online Program
If you see:
Hi XXXX, let's keep working on your taxes!
Click
Pick up where I left off or
Work on other tax breaks
If you were in Tax Tools
Cl...
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You are in the Online Program
If you see:
Hi XXXX, let's keep working on your taxes!
Click
Pick up where I left off or
Work on other tax breaks
If you were in Tax Tools
Click the Back button on the left sidebar
If your someplace else, please give additional details.
April 14, 2025
8:50 AM
I also paid for medications ordered online, are these in-kind donations or can I just record it as a cash donation. I have approximately $6,000 in donations with all the things I covered for the non-p...
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I also paid for medications ordered online, are these in-kind donations or can I just record it as a cash donation. I have approximately $6,000 in donations with all the things I covered for the non-profit rescue.
Topics:
April 14, 2025
8:49 AM
As long as you are married-filing-jointly then a 1099-NEC to you or your spouse won't make any difference to the bottom line. So you can go ahead and enter it as received.
@bkenn01
April 14, 2025
8:49 AM
1 Cheer
Dependents cannot get education credits. She will not get anything for entering student loan interest if she is a dependent. If you co-signed for the student loan, you can enter the interest.
April 14, 2025
8:48 AM
April 14, 2025
8:48 AM
Exactly what we needed - thanks for your help.
April 14, 2025
8:48 AM
Can you please clarify for which state? and the income your received?
April 14, 2025
8:48 AM
April 14, 2025
8:48 AM
April 14, 2025
8:47 AM
You can remove TurboTax Live as long as you haven't used the Tax Expert feature. Here's what to do:
With your tax return open, select File.
Proceed through the screens until you reach the Jus...
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You can remove TurboTax Live as long as you haven't used the Tax Expert feature. Here's what to do:
With your tax return open, select File.
Proceed through the screens until you reach the Just a few steps left... screen, then select Start or Revisit next to Step 1: Review Your Order.
On the order summary screen, select Downgrade.
If you don't see Downgrade or already used the Tax Expert feature, you can clear your return and start over as long as you haven’t paid yet. After clearing your return, you can select the TurboTax product that best suits your needs.
Keep in mind: If you want to receive help from a tax expert, you’ll need to use TurboTax Live.
If not using Live you can follow these steps:
Follow these steps to downgrade to a different TurboTax Online product:
Open your return if you haven't already.
In the left menu, select Switch Products.
Select Downgrade.
April 14, 2025
8:47 AM
Topics:
April 14, 2025
8:47 AM
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS. ...
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TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS.
FROM THE IRS WHERE’S MY REFUND SITE:
https://www.irs.gov/wheres-my-refund
How it works
Where's My Refund shows your refund status:
Return Received – We received your return and are processing it.
Refund Approved – We approved your refund and are preparing to issue it by the date shown.
Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.
April 14, 2025
8:47 AM
Topics:
April 14, 2025
8:46 AM
1 Cheer
Yes. You will sell your inventory for zero dollars. That will allow you to take the loss for the inventory in the final year.
@IllinoisOwl