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Did the IRS send YOU a letter to request more information?   If the IRS wants or needs more information from you they will request it in a letter.
Hello: I went through the banking information while using the software and answered all the questions. The software reconfirmed that the banking info was the same as for federal. However I do not se... See more...
Hello: I went through the banking information while using the software and answered all the questions. The software reconfirmed that the banking info was the same as for federal. However I do not see the routing number and account number on my NJ tax return. Is it coded in a hidden manner? Thanks Edsd
Does anyone know where I would mail a supporting letter I need to provide to the IRS?  The letter supports an entry I made concerning an investment procedure in my tax preparation and it needs to be ... See more...
Does anyone know where I would mail a supporting letter I need to provide to the IRS?  The letter supports an entry I made concerning an investment procedure in my tax preparation and it needs to be included. Would I send it to the normal address one would send a "hard" copy of their tax return if they were mailing it?  Or is there a different address for written correspondence that is "outside" of the "normal" correspondence when completing a tax return? Thank you in advance!
If you will be taking RMD, tax withholding is mandatory on 401k but optional on IRA and in either case you specify how much. Have sufficient withholding taken from your distribution and you will not... See more...
If you will be taking RMD, tax withholding is mandatory on 401k but optional on IRA and in either case you specify how much. Have sufficient withholding taken from your distribution and you will not have to make estimated tax payments.   IRS requires you to estimate your tax.   @Little Hawk 
My 2024 return has been rejected because of my spouces AGI on our 2023 return, I have corrected it three times and it still comes back rejected even though I put in the correct number from line 11 on ... See more...
My 2024 return has been rejected because of my spouces AGI on our 2023 return, I have corrected it three times and it still comes back rejected even though I put in the correct number from line 11 on our 2023 tax return
" so total of $7025 was recharacterized. "   $7,000 was recharacterized. the original amount to the first IRA you report as contribution to the second IRA, earnings move but that is ignored.   Yo... See more...
" so total of $7025 was recharacterized. "   $7,000 was recharacterized. the original amount to the first IRA you report as contribution to the second IRA, earnings move but that is ignored.   You will get one 1099-R per account showing your total conversion(s) during the year. -- to report a non-deductible contribution, Form 8606 must be attached. OR If your IRA contribution is totally deductible take the deduction and pay tax on the whole conversion. The final tax consequence is the same either way. -- You will get a 1099-R for recharacterization but that can be discarded once you enter the Traditional IRA contribution of $7,000.   @Darenl 
If you are a W-2 employee then none of your employee business expenses are deductible on a federal tax return due to the tax code changes in effect for tax years 2018 thru 2025.
Hice mi declaracion 2022 por Turbo Tax. Como puedo obtener una copia?
The IRS will contact you to finalize your plan, usually in June.  You can make the changes then.
I did some search and understood that TurboTax supports reporting recharacterization and backdoor conversion, but I would like to double check what I did specially is also supported:   March 2025: ... See more...
I did some search and understood that TurboTax supports reporting recharacterization and backdoor conversion, but I would like to double check what I did specially is also supported:   March 2025: contributed directly $7000 to Roth IRA for year *2025*.  April 10 2025: called the custodian for recharacterization into TIRA. At the time of recharacterization there was 25 dollars earnings so total of $7025 was recharacterized. I then converted $7000 on this day to make it backdoor Roth. So that leaves $25 dollars in my TIRA account.  4/16/2025. I then realized that it would have been a mess if I leave the $25 in the TIRA so I converted the remaining $25 to Roth effectively empty out my TIRA. I am assuming I will receive 3 1099R in 2026 for year 2025?   is reporting my above recharacterize and conversion supported in TurboTax? Specifically do the two conversions ($7000 first and then another $25) to Roth IRA make reporting complicated in anyway?    thank you 
What mileage are you asking about?   Mileage driven for self-employment that goes on a Schedule C with other business expenses?  Mileage driven for medical appointments that goes under medical expens... See more...
What mileage are you asking about?   Mileage driven for self-employment that goes on a Schedule C with other business expenses?  Mileage driven for medical appointments that goes under medical expenses?  Mileage driven as a volunteer for a charity that goes under your donations?  Mileage driven to the rental properties you own that goes on Schedule E?     Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)     See this TurboTax support FAQ for amending a tax return -   CURRENT YEAR https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk  
Delete the Form 5405   Click on Tax Tools on the left side of the online program screen Click on Tools Click on Delete a form
I originally had my income only under the FEI (Foreign Earned Income). The IRS said I need to put a Schedule C. I put my income again in the Schedule C, but then Turbotax said I owed Federal and State... See more...
I originally had my income only under the FEI (Foreign Earned Income). The IRS said I need to put a Schedule C. I put my income again in the Schedule C, but then Turbotax said I owed Federal and State taxes, but I have not lived in the USA for 365+ days. I now put $0 for my Schedule C since I made all my money as FEI (all made in a foreign account and already paid taxes in China). Am I supposed to put my actual income into the Schedule C and the Foreign Earned Income and Exclusion parts, or am I supposed to only put the income once in the FEI section?
It did not work. I ended up using a different software because I could not get a hold of anyone for help. 
For any type of Form 1098 you will have to contact the issuer of the form to get a copy.
My husband and I rent but in August will become homeowners.   If I  complete the New Jersey property tax relief this year should I complete a new one for 2025?  Does this need to be completed every... See more...
My husband and I rent but in August will become homeowners.   If I  complete the New Jersey property tax relief this year should I complete a new one for 2025?  Does this need to be completed every year?