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April 15, 2025
4:45 PM
Thank you for this answer. I had this exact situation, printed out my return, found a mistake, hadn't mailed it yet, and needed to make an edit.
April 15, 2025
4:45 PM
2023and 2024
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April 15, 2025
4:45 PM
After thoroughly searching the 529 website, I feel confident that a married couple is allowed the full deduction even if only one owns the account. The link above was to NYC employees participating i...
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After thoroughly searching the 529 website, I feel confident that a married couple is allowed the full deduction even if only one owns the account. The link above was to NYC employees participating in the 529, which would be different.
Tax benefits | NY 529 Direct Plan states: If you're a New York State taxpayer and an account owner, you may be able to deduct up to $5,000 ($10,000 if you're married filing jointly) of your Direct Plan contributions when you file your state income taxes.
Who can open a 529 plan account?
Just about anybody can open a 529 account—parents, grandparents, other relatives, friends—as long as he or she is a U.S. citizen or a resident alien. As an account owner, you'll pick investments, assign a beneficiary, and determine how the money is used. If you're a New York State taxpayer, you can also benefit from the state tax deduction.**
**Contributions of up to $10,000 are deductible annually from New York State taxable income for married couples filing jointly; single taxpayers can deduct up to $5,000 annually.
@Nadia123
April 15, 2025
4:45 PM
I opened an account with gmail instead of yahoo
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April 15, 2025
4:45 PM
You can enter it as Other Reportable Income. You can search for other reportable income (use that exact phrase) and use the Jump to other reportable income link in the search results.
Here's...
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You can enter it as Other Reportable Income. You can search for other reportable income (use that exact phrase) and use the Jump to other reportable income link in the search results.
Here's how to enter them/it into TurboTax:
With your return open, go to Federal then Wages & Income
Open the Less Common Income section and select Start or Revisit next to Miscellaneous Income, 1099-A, 1099-C
On the next screen, select Start or Revisit the very last entry, Other Reportable Income
Answer Yes on the Any Other Taxable Income? screen
On the next screen, enter a description and then enter the total USD amount
Select Continue then Done
April 15, 2025
4:45 PM
You would need to download TurboTax for 2023 and complete the return.
April 15, 2025
4:44 PM
As an example, you and your partner purchased the rental property for $400,000. You own 50% of the investment or $200,000.
You are allowed to depreciate 100% of the $200,000 cost basis in the ...
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As an example, you and your partner purchased the rental property for $400,000. You own 50% of the investment or $200,000.
You are allowed to depreciate 100% of the $200,000 cost basis in the rental property.
April 15, 2025
4:44 PM
Can't get Kentucky extension form to print.
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April 15, 2025
4:44 PM
how do i file for an extension?
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April 15, 2025
4:44 PM
Yes, enter the total amount from Form 1098 for the mortgage interest relating to the rental property. TurboTax will allocate the rental portion based on the number of Rental Days. Enter this first on...
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Yes, enter the total amount from Form 1098 for the mortgage interest relating to the rental property. TurboTax will allocate the rental portion based on the number of Rental Days. Enter this first on the Rental Property and the program will transfer the personal portion to your Itemized Deductions.
Expenses that are specific to the rented portion of your home should be entered on the page titled "Any Miscellaneous Expenses?". Entries made on this page will not be allocated.
April 15, 2025
4:44 PM
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April 15, 2025
4:44 PM
Use these instructions to access your prior year returns if you filed with TurboTax. If you need to find your 2023 AGI, please see this link for guidance.
April 15, 2025
4:43 PM
Sorry Bill -- I can understand the response coming from the TT employee 🙂 I am in support for last 20 years, no need to defend for not support fault 🙂 The information from the W2 was down loa...
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Sorry Bill -- I can understand the response coming from the TT employee 🙂 I am in support for last 20 years, no need to defend for not support fault 🙂 The information from the W2 was down loaded from the ADP Payroll company directly. I am sure millions of customers and products will use the API to pull the information. Considering 20 or so thumbs up the thread for the questions, there will be 1000 more who read and make the necessary change. Giving voice those who are quite Even if the Data was gibberish from a scans, it is difficult to understand the Tax code and not pay attenting to the letter and pay only attention to the numbers . Note that the W2 has only Letter and not any detain on what it is. I am sure the software guys will figure it how to address if there was a problme . Suggestion for Enhancement : will help future TT release The TT software does not point to where the mistake is and keep adding it back, even if you delete them. Most TT users will look at their Kids information, adding and deleting their profile and gets stuck , wasting 2 hours. If the error correction points indication where it originated W2, or Kids information, it will help identify the root cause
April 15, 2025
4:43 PM
Try this instead:
For a MAC desktop, (see screenshot for visual)
Load up your tax return on your computer
Switch to "Forms" mode - the icon in top left corner of your program
You...
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Try this instead:
For a MAC desktop, (see screenshot for visual)
Load up your tax return on your computer
Switch to "Forms" mode - the icon in top left corner of your program
You should now see a list of the forms in your return on the left-hand side of the program
Find the 1099-B you wish to delete and click on it
This should bring up the1099-B in your active window
Click on the Forms option on your menu (top of your screen you should see your Apple icon, then TurboTax, then File, Edit, View, Forms, Easystep, Flags, Window, and Help - click Forms)
There should be an option to remove the 1099-B form from the dropdown menu under Forms
@candyking
April 15, 2025
4:43 PM
You can do your teacher's retirement adjustment from the "Here's the income that Georgia handles differently" page:
Subtractions of Teacher Retirement System Distributions
Georgi...
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You can do your teacher's retirement adjustment from the "Here's the income that Georgia handles differently" page:
Subtractions of Teacher Retirement System Distributions
Georgia allows a subtraction from your retirement income equal to the contributions made from July 1, 1987 through December 31, 1989 that were not deductible by Georgia. The purpose of this adjustment to Georgia income is to allow a one-time deduction, as retirement plan distributions are received, of previous nondeductible plan contributions.
The current year subtraction from income cannot exceed the current year taxable retirement distributions received. The total subtractions from income cannot exceed the total retirement contributions that were nondeductible for Georgia, but deductible on your federal return from July 1, 1987 through December 31, 1989.
April 15, 2025
4:43 PM
I got married last year so I am filing jointly for the first time. My husband and I both own LLCs, and his company is his main source of income. I started our taxes on my account and went through the...
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I got married last year so I am filing jointly for the first time. My husband and I both own LLCs, and his company is his main source of income. I started our taxes on my account and went through the process of reporting my W2, then my LLC income, and then I imported my bank transactions for my business expenses, which I know that you can only do once. Then I finished out the prompts with my taxes and then it switched to my husband's turn. Well now there is no where to import his own business transactions from his bank. Can you seriously only import one time at the beginning when filing together? When I imported, it hadn't even asked about my husband's W2, his LLC income, or any other questions so how would we have known to import his transactions during my tax questions?
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April 15, 2025
4:42 PM
TurboTax is do it yourself software. You have to enter your documents into TurboTax. The TurboTax Community has experts working until midnight. We can only answer your tax questions, so you may...
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TurboTax is do it yourself software. You have to enter your documents into TurboTax. The TurboTax Community has experts working until midnight. We can only answer your tax questions, so you may want to file an extension. You can file your extension at our Easy Extension website. How do I file an IRS tax extension? How do I file an extension for my personal state taxes?
April 15, 2025
4:42 PM
1 Cheer
You just need to mail the amended return and a check (if you're paying by check). Be sure to sign your tax returns, or they will return them to you. You don't have to "prove" anything to the IRS. ...
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You just need to mail the amended return and a check (if you're paying by check). Be sure to sign your tax returns, or they will return them to you. You don't have to "prove" anything to the IRS. You don't get a Form 1099-R for contributing to an IRA, that's what you get when you take a distribution from an IRA. You will get a Form 5498 that shows your contribution and balance in your IRA, but you rarely need those to complete your tax returns (they aren't sent out until after the filing deadline).
April 15, 2025
4:42 PM
My issue is that my payment of taxes was front loaded due to when I received an annual bonus, and I see no way to show when I paid taxes. I can do that for federal, but I don't see any option to do i...
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My issue is that my payment of taxes was front loaded due to when I received an annual bonus, and I see no way to show when I paid taxes. I can do that for federal, but I don't see any option to do it for state. I want to be able to apply the state taxes according to when they were paid. Is there a way to do that?
April 15, 2025
4:41 PM
If I bought furniture for a rental in 2023, but didn't start renting the property until 2024, can I depreciate the furniture in 2024?