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April 14, 2025
6:47 PM
How do I file for a federal extension with turbo tax
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April 14, 2025
6:47 PM
Business, other liabilities (short term and other)
April 14, 2025
6:47 PM
Topics:
April 14, 2025
6:46 PM
If you inherited the home, to report the sale of the house, go to: - Federal taxes - Wages & income - Scroll down to Investment Income - Click Start next to Stocks, Crytpocurrency, Mutual Fund...
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If you inherited the home, to report the sale of the house, go to: - Federal taxes - Wages & income - Scroll down to Investment Income - Click Start next to Stocks, Crytpocurrency, Mutual Funds, Bonds, Other - Skip the import and then choose Other to enter the information about the sale of the home.
April 14, 2025
6:46 PM
You need to cancel the amend and remove the items. Then select amend, then add the items.
April 14, 2025
6:45 PM
Your 401(k) contribution amount is reported in Box 12 with Code D of your W-2. There's nothing else that you need to report on your tax return.
Refer to the TurboTax article Where do I enter m...
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Your 401(k) contribution amount is reported in Box 12 with Code D of your W-2. There's nothing else that you need to report on your tax return.
Refer to the TurboTax article Where do I enter my 401(k) or Thrift Savings Plan (TSP) contribution and deduction? for more information.
April 14, 2025
6:45 PM
If you have already filed your taxes, you will have to set up installment payments directly with the IRS. You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreem...
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If you have already filed your taxes, you will have to set up installment payments directly with the IRS. You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website.
Click here to Apply online for a payment plan
Your specific tax situation determines which payment options are available to you. Payment options include full payment, a short-term payment plan or a long-term payment plan
The IRS does charge a user fee for setting up or reinstating an installment agreement.
Entering into an installment agreement can provide you with peace of mind that the IRS will not pursue any of the harshest collection methods at its disposal, but interest and penalty charges will continue to accrue on your unpaid tax balances
Click here for "Facts about IRS Payment Plans
April 14, 2025
6:45 PM
The instructions for form 8283 say
Do not complete this column for publicly traded securities held more than 12 months, unless you
elect to limit your deduction cost basis.
My stocks have been held ...
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The instructions for form 8283 say
Do not complete this column for publicly traded securities held more than 12 months, unless you
elect to limit your deduction cost basis.
My stocks have been held for more than 12 months. I don't elect to limit my deduction cost basis, but for some reason Turbotax fills in column g with the cost basis.
Hi, I’m a graduate student whose tuition is paid directly by the school, I don’t receive the funds in my bank account, and I don’t personally pay the tuition. I receive a stipend as a full-time stud...
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Hi, I’m a graduate student whose tuition is paid directly by the school, I don’t receive the funds in my bank account, and I don’t personally pay the tuition. I receive a stipend as a full-time student, and my program is covered by the school, typically through TA or research assistant responsibilities. Do I still need to report the 1098-T form when filing my taxes? Thank you!
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April 14, 2025
6:44 PM
Here's a post on the five main points on the 1098-T:
https://ttlc.intuit.com/community/college-education/discussion/i-need-help-with-1098t-section-college-expenses/00/3451036
April 14, 2025
6:44 PM
The new address.
April 14, 2025
6:44 PM
This code means your dealer did not upload your information to the IRS system so you could claim the credit. The IRS is temporarily allowing dealers who did not upload the paperwork within the three...
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This code means your dealer did not upload your information to the IRS system so you could claim the credit. The IRS is temporarily allowing dealers who did not upload the paperwork within the three day window to do so. You should contact your dealer to get them to do the paperwork so you can claim the credit.
April 14, 2025
6:44 PM
@ frostily0495 I'm not a tax expert, and I don't know specifically about your fund, but in your original question you said it was a "Total Stock Market Index Fund ETF." By that type of fund's de...
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@ frostily0495 I'm not a tax expert, and I don't know specifically about your fund, but in your original question you said it was a "Total Stock Market Index Fund ETF." By that type of fund's definition it would definitely have less than 50% assets in US government obligations, and you, in fact, said that the fund reports that US Govt figure is only 0.30% . i.e., it only has a very tiny smidge of US Govt obligations--as would be normal in a total stock market fund. Likewise, a total stock market fund ETF, which is an extremely broadbased fund of stocks, would have no business holding a large number of California (or any other state) obligations, if it has any at all. If it has any state obligations at all, I would guess the percentage for California is extremely low; i.e., a tiny fraction--but it may have none at all. You could ask a Vanguard representative if you really wanted to nail it down. But logically speaking, based on the type of fund ETF, if it were me, I'd assume that the percentage is very tiny, which would allow me to answer: "yes, the dividends are from funds with less than 50% invested in US Govt and California obligations." When you indicate that, I would expect that California will then include that $14 as taxable (i.e., won't exclude it) because the fund has less than 50%.
April 14, 2025
6:44 PM
Ask your employer. Box 3 and 4 should show Social Security. Are you sure you have a W-2? Or is it something else? What is in boxes 5 and 6?
April 14, 2025
6:43 PM
my Taxes were rejected by federal because my son inadvertantly claimed himself as a dependent (his first year doing taxes himself). The error from TurboTax was to create a IRS IP PIN, which I did and...
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my Taxes were rejected by federal because my son inadvertantly claimed himself as a dependent (his first year doing taxes himself). The error from TurboTax was to create a IRS IP PIN, which I did and entered per your instructions (thank you). I also had my son amend his return and refile with the correct info. Is that everything I need to do to get my taxes acepted?
April 14, 2025
6:43 PM
I made an error and put pretax money from a teachers retirement account in a Roth IRA last Nov 2024. My CPA thinks there has to be a way to correct it, but from what I’ve learned it can’t be correcte...
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I made an error and put pretax money from a teachers retirement account in a Roth IRA last Nov 2024. My CPA thinks there has to be a way to correct it, but from what I’ve learned it can’t be corrected. My question is: Is there any way to correct my foolish mistake to avoid the taxes? Also, if I do pay the taxes can I leave the money in the Roth or do I need to take it out. If I take it out can I put it in a traditional IRA?
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Hi, I’m a graduate student whose tuition is paid directly by the school—I don’t receive the funds in my bank account, and I don’t personally pay the tuition. I receive a stipend as a full-time stude...
See more...
Hi, I’m a graduate student whose tuition is paid directly by the school—I don’t receive the funds in my bank account, and I don’t personally pay the tuition. I receive a stipend as a full-time student, and my program is covered by the school, typically through TA or research assistant responsibilities. Do I still need to report the 1098-T form when filing my taxes? Thank you!
Topics:
April 14, 2025
6:43 PM
If you have already filed your tax return, you can not request an extension. The extension extends your period to file your tax return but does not extend when you tax is due.
If you have alrea...
See more...
If you have already filed your tax return, you can not request an extension. The extension extends your period to file your tax return but does not extend when you tax is due.
If you have already filed your taxes, you can set up installment payments directly with the IRS. You can apply for a payment plan (Form 9465) at the IRS Payment Plans and Installment Agreements website.
Click here to Apply online for a payment plan
Your specific tax situation determines which payment options are available to you. Payment options include full payment, a short-term payment plan or a long-term payment plan
The IRS does charge a user fee for setting up or reinstating an installment agreement.
Entering into an installment agreement can provide you with peace of mind that the IRS will not pursue any of the harshest collection methods at its disposal, but interest and penalty charges will continue to accrue on your unpaid tax balances
Click here for "Facts about IRS Payment Plans"