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April 15, 2025
6:01 PM
We cannot see your tax return, and we do not know what state you are in, so we cannot determine what the threshold is for paying tax in your state.
The most common reason for owing state tax is...
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We cannot see your tax return, and we do not know what state you are in, so we cannot determine what the threshold is for paying tax in your state.
The most common reason for owing state tax is that you did not have enough state tax withheld from your paychecks during the year. Double check all of the amounts you entered from tax documents such as your W-2's---look carefully at boxes 16 and 17. Look for misplaced decimals and extra zeros. Print a copy of 2023 and 2024 state returns and compare them side by side, line by line to spot the difference(s).
April 15, 2025
6:01 PM
if your direct debit bank info is available to IRS by Tax Day, you paid on time. @splarco
April 15, 2025
6:00 PM
April 15, 2025
6:00 PM
Then you don't have to add it. If you have a reject, refer to the TurboTax help article How do I fix e-file reject F8962-070? and select What if I wasn't covered at all in 2024 through the Marketpla...
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Then you don't have to add it. If you have a reject, refer to the TurboTax help article How do I fix e-file reject F8962-070? and select What if I wasn't covered at all in 2024 through the Marketplace for instructions to fix the reject.
April 15, 2025
6:00 PM
You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website. Make sure you've filed your return before applying through their site.
Most states offe...
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You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website. Make sure you've filed your return before applying through their site.
Most states offer an installment payment plan as well, although the procedure varies from state to state. You can contact your state Department of Revenue for details.
The IRS does charge a user fee for setting up or reinstating an installment agreement.
Click this link for more information on setting up an installment plan with the IRS: Can I set up a payment plan for my taxes?
April 15, 2025
6:00 PM
In TurboTax Online, to report Personal item sales, follow these directions.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Cl...
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In TurboTax Online, to report Personal item sales, follow these directions.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click to the right of Other Common Income.
Click to the right of Form 1099-K.
At the screen Did you get a 1099-K?, select Yes.
At the screen How would you like to upload your 1099-K? click Type it in myself.
At the screen Which type of income is your 1099-K for, select the button for Personal item sales. Click Continue.
At the screen Let's get the info from your 1099-K, enter the information. Click Continue.
At the screen Personal Item Sales, select All items were sold at a loss or had no gain. Click Continue.
The entry will be reported on Schedule 1 of the Federal 1040 tax return.
April 15, 2025
6:00 PM
Yes and No.
When you converted your home to a rental in 2023, you should set-up the rental at that time, and entered income and expenses.
If you used TurboTax for tax year 2023, that rental w...
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Yes and No.
When you converted your home to a rental in 2023, you should set-up the rental at that time, and entered income and expenses.
If you used TurboTax for tax year 2023, that rental will carry-over and you enter the income and expense for tax year 2024.
Depending which TurboTax program you have, the rental section will be under Business if using Home and Business Desktop or Self-Employed Online.
For others, it is located under
Wages & Income
Rental Property and Royalties
Say "Yes" to review and select the rental from the list
April 15, 2025
6:00 PM
Does section 179 work for federal tax for tax-year 2024? My TurboTax app shows "your deductibles $0" for federal.
Topics:
April 15, 2025
5:59 PM
It is also the ein that Only fans is reporting on the 1099 the IRS is rejecting returns because it says it is invalid EIN number.
April 15, 2025
5:59 PM
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April 15, 2025
5:59 PM
The issue is with the software. It considers me covered for a retirement plan while I am not covered. How can I fix that I am not covered by a retirement plan?
April 15, 2025
5:59 PM
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April 15, 2025
5:59 PM
revised carryforward amounts must be manually entered on the next year's tax return, if you did not start that return by importing the revised previous tax return.
April 15, 2025
5:59 PM
I need help please. Imagine you buy house 1 for $100,000. You sell it for $150,000. If we ignore expenses, depreciation ... Let's say your deferred gain is $50,000 and cost basis is $100,000. Now yo...
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I need help please. Imagine you buy house 1 for $100,000. You sell it for $150,000. If we ignore expenses, depreciation ... Let's say your deferred gain is $50,000 and cost basis is $100,000. Now you buy a new house #2 with the $150,000 you received from the first sale. what is the cost basis for house 2?
April 15, 2025
5:59 PM
When you use online TurboTax software you get one return per fee.
Each return needs its own account and user ID. If you use the same account and user ID for a second return, the second one ov...
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When you use online TurboTax software you get one return per fee.
Each return needs its own account and user ID. If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596
April 15, 2025
5:59 PM
"If you e-file your return but choose not to report each transaction on a separate row on the electronic return, you must attach Form 8949 to Form 8453 (or the appropriate form in the Form 8453 serie...
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"If you e-file your return but choose not to report each transaction on a separate row on the electronic return, you must attach Form 8949 to Form 8453 (or the appropriate form in the Form 8453 series) and mail the forms to the IRS."
IRS - Instructions for Form 8949 (2024)
"Use Form 8453 to send any required paper forms or supporting documentation listed next to the checkboxes on Form 8453."
Form 8453 - U.S. Individual Income Tax Transmittal for an IRS e-file Return
Since you DID list each transaction separately, you do NOT need to mail in Form 8949 nor Form 8453.
April 15, 2025
5:58 PM
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April 15, 2025
5:58 PM
You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website. Make sure you've filed your return before applying through their site.
Most states offe...
See more...
You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website. Make sure you've filed your return before applying through their site.
Most states offer an installment payment plan as well, although the procedure varies from state to state. You can contact your state Department of Revenue for details.
The IRS does charge a user fee for setting up or reinstating an installment agreement.
Click this link for more information on setting up an installment plan with the IRS: Can I set up a payment plan for my taxes?