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October 24, 2025
4:07 AM
I lived and worked in WI while in cosmetology school and also worked remotely for an IL company. After graduation, I moved back to IL with my parents.
October 24, 2025
3:30 AM
October 24, 2025
1:26 AM
TurboTax will only show a $3,000 deduction if you have net capital losses for the year (or carried forward from a previous year). If it’s showing $0, it means: You didn’t enter any investment sal...
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TurboTax will only show a $3,000 deduction if you have net capital losses for the year (or carried forward from a previous year). If it’s showing $0, it means: You didn’t enter any investment sales (Form 1099-B or equivalent), or Your total gains offset your losses (no net loss), or You didn’t carry over prior-year losses from your 2023 tax return.
October 24, 2025
1:25 AM
My husband who is a stay at home dad recently got a full time job on 10/08/25. Re w4, what changes shall we write? can anyone verify if we are doing it correctly? Our situation is: we have one c...
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My husband who is a stay at home dad recently got a full time job on 10/08/25. Re w4, what changes shall we write? can anyone verify if we are doing it correctly? Our situation is: we have one child. my income is 103k and his is 34k. Currently, my w4 is married filing jointly w no dependents. I like it like that so they can take the max amount of taxes. On w4 - We want to cont to file as married filing jointly. Here when it gets tricky. In step 2: if we use B - using the multiple jobs worksheet. step 2b(pt.1) two jobs - it shows 7620 in the mult jobs table divided by 26 (biweekly pay for the higher paying job) step 2b(pt 4) is equals to $293 ---- this $293 result, is it really necessary to write this on step 4c (extra withholding part) on the higher paying job's w4? what can happen if the higher paying job keeps it zero? How about on the lower paying job's w4, shall he keep all zero on step 4c? Also, what if he adds our child as dependent, will only be his pay be affected for adding dependent or both of our pay even I put zero dependents? I asked someone who knows about taxes and she advised to keep step 4c zero - so now we are confused. Thank you so much.
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October 24, 2025
12:12 AM
that mortgage info worksheet in the IRS instructions is not the law and neither is anything printed in any instructions if they are not in fact enacted tax statutes. there are actually multiple metho...
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that mortgage info worksheet in the IRS instructions is not the law and neither is anything printed in any instructions if they are not in fact enacted tax statutes. there are actually multiple methods to compute average,
Instructions are not tax law per a SCOTUS or Tax Court decision. taxpayers used the instructions for retirement plan borrowings (not the code) so H&W would borrow for 60 days repay the loan then again borrow for another 60 days. so they did multiple borrowings in the same year. the law only allowed 1. they argued in court that they followed the instructions. the court said too bad it wasn't the law.. they owed the IRS a lot of taxes, penalties and interest.
here a discussion of various methods
https://tax.illinois.gov/content/dam/soi/en/web/tax/forms/incometax/documents/currentyear/business/smallbusiness/il-1120-st-instr.pdf
October 23, 2025
11:56 PM
1120-ST is for s-corps not partnership returns so which is it. The k-1-p is common to both partnerships and s-corps. so not sure exactly what your asking because line 14 on neither form refers to the...
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1120-ST is for s-corps not partnership returns so which is it. The k-1-p is common to both partnerships and s-corps. so not sure exactly what your asking because line 14 on neither form refers to the pass-through entity tax.
the passthrough entity tax is a federal deduction for the entity. this avoids the cap on state and local taxes on your personal 1040 and is in effect through 2025
see appendix B on 1120-st instructions
https://tax.illinois.gov/content/dam/soi/en/web/tax/forms/incometax/documents/currentyear/business/smallbusiness/il-1120-st-instr.pdf
October 23, 2025
11:34 PM
I believe the problem may be that imaging may not make a copy of everything. check the c:\users\user-name\appdata\roaming\intuit\turbotax\tyxx\ for two files with the extension .json if present then ...
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I believe the problem may be that imaging may not make a copy of everything. check the c:\users\user-name\appdata\roaming\intuit\turbotax\tyxx\ for two files with the extension .json if present then here's a link to other steps you can try
https://ttlc.intuit.com/turbotax-support/en-us/help-article/install-products/turbotax-2019-turbotax-2020-requests-license-every/L77v5robh_US_en_US?uid=mfr8rwud
"It shouldn't ask me to activate it again if I restore it to the same computer." you would think but i had a similar issue restoring after a windows update. in my case i had a cloned drive, not an image, and i copied those two files from the clone to the operating folder and it worked.
October 23, 2025
10:15 PM
Thanks for trying but you have totally confused me. Since I am 67 and not 73, the only RMD that I have is for my inherited IRA from my father. It is only a little over $4000 dollars a year.
October 23, 2025
9:57 PM
I had activated Turbo Tax and done my tax, then I back up turbo tax with the whole windows 10 system to my computer. Then I uninstall the turbo tax. Today, I restore the windows 10 system from the ...
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I had activated Turbo Tax and done my tax, then I back up turbo tax with the whole windows 10 system to my computer. Then I uninstall the turbo tax. Today, I restore the windows 10 system from the backup which included a activated turbo tax to the same computer. When restore completed, I click on the Turbo Tex icon and it first run update then ask me to activate it. I don't understand why it asks me to activate it while I restore it to the same computer. So, I think Turbo Tax software has a bug. It shouldn't ask me to activate it again if I restore it to the same computer.
October 23, 2025
9:48 PM
I have the same problem that I had backup the activated Turbo Tax Deluxe 2024 with the whole windows 10 system to my computer. Today, I restore the the whole windows 10 system which included the act...
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I have the same problem that I had backup the activated Turbo Tax Deluxe 2024 with the whole windows 10 system to my computer. Today, I restore the the whole windows 10 system which included the activated Turbo Tax Deluxe 2024 to the same computer. When restore completed, I click on the Turbo Tax Deluxe 2024 icon, it first run update and then ask me to activate it . I don't understand why it asks me again for the activate.
October 23, 2025
9:36 PM
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October 23, 2025
9:31 PM
Where does illinois form 2024 il-1120-ST line 14 and form K-1-P come from? Turbo Tax entered it correct?
October 23, 2025
9:22 PM
What are documents that non-residency of the state? Showing the residency in another state is it enough?
October 23, 2025
9:02 PM
Hola que tal, quisiera preguntar sobre el numero ITIN de mi esposa, como en abril mande una enmienda ya que tuve un error e hice mis taxes como soltero por eso envié la enmienda para cambiarlo a casa...
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Hola que tal, quisiera preguntar sobre el numero ITIN de mi esposa, como en abril mande una enmienda ya que tuve un error e hice mis taxes como soltero por eso envié la enmienda para cambiarlo a casado Envié en un paquete el formulario 1040 y 1040X mío y el formulario W7 (datos de mi esposa) y el pasaporte mexicano de mi esposa porque ella es de México y no tiene SSN ni numero ITIN Si recibí un cheque de parte del IRS en agosto entonces supongo que si se hizo el cambio del estado civil en mis taxes, pero no he recibido nada acerca del numero ITIN para mi esposa ni su pasaporte Ya espere cerca de 2 meses pero no he recibido respuesta ni nada acerca del numero ITIN para mi esposa y ya me estoy preocupando ya intenté comunicarme con el IRS pero no me dan una respuesta clara y se me complica hablar por teléfono porque las llamadas se cortan al pasar 5 o 10 minutos cuando me contesta un agente. Sabrán si puedo acudir personalmente a las oficinas del IRS en Austin TX para preguntar que pasa o bien si me pueden regresar el pasaporte de mi esposa ya que lo necesito porque ya falta poco tiempo para la próxima temporada de impuestos. Saben a que dirección exactamente podría acudir o si necesitaria cita para ser atendido De ante mano muchas gracias y espero me puedan apoyar
October 23, 2025
8:36 PM
Question for @zomboo. My situation is similar to rvijayc. The year 2024 starts out with outstanding loan on main house. $315k taken out in 2016. House sold June 10, 2024 when payoff balance was $...
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Question for @zomboo. My situation is similar to rvijayc. The year 2024 starts out with outstanding loan on main house. $315k taken out in 2016. House sold June 10, 2024 when payoff balance was $265k; proceeds paid it off. Then, 10 days later, borrowed $1.3M for new house. Based on how I interpret the spirit of the law, one average running balance should be computed starting with 12/31/23 and ending on 12/31/24. Based on the # of days method, the avg daily bal is $860k, excluding the 10 days in between that there was no loan (-0- bal). FYI, the average MONTHLY balance of the two consecutive loans is $811k and the SIMPLE average is $810,720. To ADD the two loans together as forced by the IRS worksheet, the avg loan bal is $1.6M. Makes no sense. Not on one day was the loan balance that high. The two loans were not outstanding simultaneously. How can the law require adding two loans together that didn’t exist together? Is it Ok to override the Turbotax calculation for avg loan balance and enter $860k?
October 23, 2025
8:33 PM
My husband and I are considering converting our remaining 4 Traditional IRA accounts to Roth this year. Two of those accounts are nondeductible accounts (earnings are taxable) and the other two are ...
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My husband and I are considering converting our remaining 4 Traditional IRA accounts to Roth this year. Two of those accounts are nondeductible accounts (earnings are taxable) and the other two are traditional deductible accounts. We have converted several other IRA accounts to Roth years ago and also have other Roth IRA accounts that were established as Roth. I am assuming that the pro rata rule will apply. But does this rule apply only to the 4 accounts that we are considering converting or do I have to include the previously converted accounts and/or the accounts that were originally started and contributed to as Roth?
Topics:
October 23, 2025
8:15 PM
No one in the user forum can control the screens you navigate to.
Go to Federal>Wages & Income to enter a W-2.
You are posting from TurboTax Live. You can arrange for the Live help you...
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No one in the user forum can control the screens you navigate to.
Go to Federal>Wages & Income to enter a W-2.
You are posting from TurboTax Live. You can arrange for the Live help you are paying the extra fee for with your questions from 5 a.m. to 5 p.m. Pacific time.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US?uid=m8zw1pbb
October 23, 2025
8:03 PM
You are not required to enter a state ID or drivers license to e-file your federal return. Entering the ID adds some security but is not required so you can skip that screen. Some states are pret...
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You are not required to enter a state ID or drivers license to e-file your federal return. Entering the ID adds some security but is not required so you can skip that screen. Some states are pretty picky about the state ID; if your state will not take your ID you may need to file the state by mail.
October 23, 2025
8:00 PM
TurboTax gets no information from the IRS after your return has been accepted for processing, so no one at TT knows that you are under review. TT cannot find out anything for you. Your only source...
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TurboTax gets no information from the IRS after your return has been accepted for processing, so no one at TT knows that you are under review. TT cannot find out anything for you. Your only source of information is the IRS. If the IRS wants any other information from you they will mail a letter to you to request it. Watch the IRS refund site for information.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds