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April 14, 2025
5:27 PM
Enter the amount that you can pay.
The extension gives you until October 15, 2025 to file your taxes without getting a failure to file penalty. You don't get extra time to pay your taxes, so y...
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Enter the amount that you can pay.
The extension gives you until October 15, 2025 to file your taxes without getting a failure to file penalty. You don't get extra time to pay your taxes, so you must pay any taxes that you may have that are due by April 15, 2025 so you won't be assessed the failure to pay penalty.
Refer to the TurboTax Help article How do I file an IRS tax extension?. If you need to file a state extension, review the article How do I file an extension for my personal state taxes?
April 14, 2025
5:27 PM
It did work eventually.... took a long time to get the refund. As best i recall I did not have to mail in a copy of the will. Sorry for your loss.
April 14, 2025
5:27 PM
OK, this is a commonly reported problem. Turbotax Premier Desktop has a glitch that did not allow me to purchase the second state (New York State, non-resident income). So, I had to spend over an ho...
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OK, this is a commonly reported problem. Turbotax Premier Desktop has a glitch that did not allow me to purchase the second state (New York State, non-resident income). So, I had to spend over an hour talking to two different people at Turbotax and exercise the Pay by Phone option. Just to PURCHASE New York State. Now, I am ready to e-file, and the exact same problem occurs. When Turbotax charges me the nuisance fee for the second state, it asks me to pay by credit card, and, once again... A tacky pop-up window appears, really low-rent, saying, "Hmm...it looks like we've hit a slight snag" and asking me to try again. Same thing over and over. This can go on for ever. Now I am on the phone with a Turbotax rep, trying to convince them that I can, in fact, resolve this by paying by phone.
April 14, 2025
5:26 PM
2 Cheers
A better question is "why was this feature REMOVED", because it used to be possible to file the extension using the desktop program!!
April 14, 2025
5:26 PM
If you sold your main home: Follow this steps to enter: Open or continue your return. Navigate to the sale of home section: TurboTax Online/Mobile: Go to sale of home. TurboTax Desktop: Search f...
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If you sold your main home: Follow this steps to enter: Open or continue your return. Navigate to the sale of home section: TurboTax Online/Mobile: Go to sale of home. TurboTax Desktop: Search for sale of home, and select the Jump to link. Answer Yes to Did you sell or have your home foreclosed in 2024? Select Continue on the next screen. Enter the address of the home you sold on the next screen, and select Continue. On the next screen, answer Yes to Did you receive a Form 1099-S that reported this sale? and enter the info from your 1099-S. Follow the onscreen instructions. If you sold other real estate that is not your main home click here for instructions to enter.
April 14, 2025
5:26 PM
Since she is age 19 or older then she may be claimed as a dependent under the Qualifying Relative rules if her gross income for the year is less than $5,050 and you have provided for over one-half of...
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Since she is age 19 or older then she may be claimed as a dependent under the Qualifying Relative rules if her gross income for the year is less than $5,050 and you have provided for over one-half of her support.
To be a Qualifying Relative -
1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld. 2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 3. The person's gross income for the year must be less than $5,050 (social security does not count) in 2024 4. You must provide more than half of the person's total support for the year. 5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year. 6. The person must not file a joint return with their spouse with the following exception - You can claim a person as a dependent who files a joint return if that person and that person’s spouse file the joint return only to claim a refund of income tax withheld or estimated tax paid.
April 14, 2025
5:26 PM
When I look at the form the correct amount comes up but the summary shows double the amount. How can the gains be more than the amount that I took out?
April 14, 2025
5:26 PM
IS MY 2023 STATE OR LOCAL REFUND TAXABLE?
If you used standard deduction for your 2023 tax return, you do not have to enter a state or local tax refund you received in 2024. If you itemized d...
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IS MY 2023 STATE OR LOCAL REFUND TAXABLE?
If you used standard deduction for your 2023 tax return, you do not have to enter a state or local tax refund you received in 2024. If you itemized deductions then your state or local refund that you claimed on the 2023 return----and received in 2024---must be entered as taxable income on your 2024 return. If you are not sure if you itemized for 2023, look at your 2023 Form 1040 line 12. Do you see the standard deduction amount or something else?
2023 STANDARD DEDUCTION AMOUNTS
SINGLE $13,850 (65 or older/legally blind + $1850)
MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)
MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse
HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)
If you need to enter a state or local refund Go to Federal>Wages & Income>1099-Misc and Other Common Income>State and Local Tax Refunds on Form 1099-G
April 14, 2025
5:26 PM
Yes, enter your state refund and TurboTax will perform the calculations to find out if it's taxable. Your state income tax refund from last year may or may not be taxable. It's only taxable to the ex...
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Yes, enter your state refund and TurboTax will perform the calculations to find out if it's taxable. Your state income tax refund from last year may or may not be taxable. It's only taxable to the extent that the deduction reduced your 2024 federal tax.
Refer to the TurboTax articles: Do I need to report the state or local refund I got last year? Is it taxable? and Is My State Tax Refund Taxable? for more information.
April 14, 2025
5:26 PM
1 Cheer
I suggest filing a suit with the FTC and putting a hold on the transaction through your credit card. They were charged with fraudulent practices just over a year ago by the FTC and I would argue this...
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I suggest filing a suit with the FTC and putting a hold on the transaction through your credit card. They were charged with fraudulent practices just over a year ago by the FTC and I would argue this qualifies under a similar scenario. https://reportfraud.ftc.gov/
April 14, 2025
5:25 PM
She can be your dependent if she didn’t earn more than $5,050 and you provided more than half of her support. I assume that she is not a full time student.
April 14, 2025
5:25 PM
what do you mean by attach? that does not bring the info on it into the Turbotax return. To do that the 1099 must be imported or entered manually.
April 14, 2025
5:25 PM
Topics:
April 14, 2025
5:25 PM
There are over a dozen kinds of 1099's. What kind do you have?
April 14, 2025
5:25 PM
Si, puedes hablar con un experto en impuestos bilingüe usando TurboTax Live.
April 14, 2025
5:25 PM
We are not able to view your tax return.
There are limitations on how much can be deducted based upon:
Your income (modified adjusted gross income),
Your filing status, and
Whe...
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We are not able to view your tax return.
There are limitations on how much can be deducted based upon:
Your income (modified adjusted gross income),
Your filing status, and
Whether you are covered by a retirement plan (box 13 on your W-2).
The modified adjusted gross income tables are found on pages 13 and 14 of IRS Publication 590-A.
IRS Publication 590-A, page 9, states:
For 2024, the most that can be contributed to your traditional IRA is generally the smaller of the following amounts.
$7,000 ($8,000 if you are age 50 or older). or
Your taxable compensation for the year.
April 14, 2025
5:24 PM
April 14, 2025
5:24 PM
1 Cheer
First enter Form 1099-K
Income Other Common Income Income from Form 1099-K START
On the “Did you get a 1099-K?” screen, select “Yes” On the “Which type of income is your 1099-K for?” s...
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First enter Form 1099-K
Income Other Common Income Income from Form 1099-K START
On the “Did you get a 1099-K?” screen, select “Yes” On the “Which type of income is your 1099-K for?” screen, select “Personal item sales” CONTINUE Enter the 1099-K as it was reported
NOTE: ONLY select the box for “This amount in box 1a is too high or includes some personal transactions” if it shows things like birthday gifts you received or when someone sent you money to split a dinner cost. CONTINUE
Next screen make a selection- IF ANY ITEM SOLD AT A GAIN- select “only some items had no gain”, and enter the amount that represent the items NOT sold for gain. In other words, if the 1099-K shows 1,000 "Proceeds" and 900 of that was stuff you sold at a loss or broke-even, enter 900 here. In this example, you would need to "account" for 100 "proceeds". That means 100 was sent for something you sold and you sold it for more than what you paid for it. That does not mean you MADE 100, just that they sent you 100. You must record what you sold, what it cost you, and the profit you made. You do that later in the "Investment" section CONTINUE
Finish the interview and select done on the “Your 1099-K summary” screen, BUT YOU ARE NOT DONE
Go to: Income Investment Income Stocks, Cryptocurrency, Mutual Funds, Bonds, Other click UPDATE
The next screen should show “Personal items sales (1099-K)” Click REVIEW to open
The next screen has an input screen for the Personal items you sold at a profit/gain. Enter what you sold, when you sold it, when you purchased it Enter how much you sold it for, and how much it cost you to buy it.
The difference between what it cost you, and what you got as "Proceeds" is the taxable profit (Capital Gains)
April 14, 2025
5:24 PM
I have now been quoted three different prices: This morning, after uploading my preliminary documents, the pre-expert call rep quoted me $400. Then, after uploading the remaining two documents, th...
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I have now been quoted three different prices: This morning, after uploading my preliminary documents, the pre-expert call rep quoted me $400. Then, after uploading the remaining two documents, the pre-expert call ran me through all of the questions and quoted me $488. Finally, with nothing changing, after running through the filing with the "expert", I went to process the filing and am being asked to pay $699. I checked on Reddit and see I am not the only that this happened to. The "expert" claims it is because my filing ended up requiring "2-3 more forms", however, nothing changed from the pre-call.
April 14, 2025
5:24 PM
Replying to an old post - but as someone self-employed, I'm concerned TT isn't doing this calculation as it was never explained in the inputs to TT. I had a significant pickup in income in the back ...
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Replying to an old post - but as someone self-employed, I'm concerned TT isn't doing this calculation as it was never explained in the inputs to TT. I had a significant pickup in income in the back half of the year under a W2 and employer coverage, and thus have a material repayment from the first 6 months under self employment. Has this been fixed in the 2024 version?