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Federal>Deductions and Credits>YourHome>Property Taxes
New york state pension and annuity exclusion for inherited ira
If you haven't filed your state amended return yet, you can follow the steps in this FAQ to make the corrections or even start the process over if needed.  
The other option is to try clearing your cache, then follow my suggestions above, and see if that somehow resets whatever the issue is.     If that doesn't assist, I can take a deeper look at thi... See more...
The other option is to try clearing your cache, then follow my suggestions above, and see if that somehow resets whatever the issue is.     If that doesn't assist, I can take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:   TurboTax Online: Sign into your online account. Locate the Tax Tools on the left-hand side of the screen. A drop-down will appear. Select Tools On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response. TurboTax Desktop/Download Versions: Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” * This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number (including the dash) that was generated in the response. *(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)   @expattaxquestions   
Go to this IRS website for the CP 5071 notice - https://www.irs.gov/individuals/understanding-your-cp5071-cp5071c-or-cp5071f-notice
@205 966 6355  Paying the TurboTax account fees does not file a tax return.   Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or Sta... See more...
@205 966 6355  Paying the TurboTax account fees does not file a tax return.   Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds   If you did not file your 2023 tax return, it will have to printed, signed, dated and mailed to the IRS, it can no longer be e-filed.   To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   Start the 2024 online tax return by entering some personal information then click on Tax Home on the left side of the screen.   On the Tax Home webpage - Scroll down to the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF)    If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.   Include with the 2023 federal tax return any forms W-2 and 1099 which show taxes withheld. Go to this IRS website for the address to mail a federal tax return, by state, with and without a tax payment - https://www.irs.gov/filing/where-to-file-paper-tax-returns-with-or-without-a-payment
I have verify but my driver license expired
Just a conversion.  You should get a 1099R for it.  It will be taxable.  It is not a new contribution so don’t enter it under Deductions & Credits.   Enter a 1099R under Federal Taxes Wages & Inc... See more...
Just a conversion.  You should get a 1099R for it.  It will be taxable.  It is not a new contribution so don’t enter it under Deductions & Credits.   Enter a 1099R under Federal Taxes Wages & Income Then scroll way down to Retirement Plans and Social Security Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start   After you enter the 1099R it will ask you some follow up questions.   Pick I moved it to another retirement account.  Then it will ask if it was to a ROTH.   Then choose - I did a combination of rolling over, converting or cashing out the money Then it will ask how much you converted to a ROTH   The whole gross amount (before taxes) is 100% taxable. Then you get credit for the taxes withheld on 1040 line 25b. 
I'm really sorry to ask this considering the number of times it has been asked before.  But just wanted to make sure I do it right.   My K1 has the following entries in Part 2.       ... See more...
I'm really sorry to ask this considering the number of times it has been asked before.  But just wanted to make sure I do it right.   My K1 has the following entries in Part 2.       Following entries in part III     And following entries in STMT for Code Z in box 20   [removed image due to PII]   Have entered in Turbo Tax 2024 as follows. 1. First K1.  Filled all the values in Part I and Part II, only selected OBI in Part III (for $30).  No other boxes checked in Part III. 2. Second K1.  Filled up only the values in Part I, nothing in part II.  In Part III, only checked NRE (box 2) along with the rest of the boxes (5, 6a, 14 and 20).    Entered the following entry for Section 199A       3. Third K1.  Filled up the values in Part I with the following info for the passthrough entry.     [removed image due to PII]   Nothing in part II, in part III simply checked box 20 Code Z and entered the following Section 199A information [removed image due to PII]   4. Fourth K1.  Did the same as 3 above for the second passthrough entry in the K1   Please let me know if the above sounds right.   Thank you very much in advance for your time and help.   Regards, Fred
I paid you to do my taxes and I got a letter from the irs today wanting a complete form 15103
Here is how I would suggest approaching it.  Keep the same vehicle information for Business 1. Use total and business miles to determine the current year's depreciation. TurboTax would do it for y... See more...
Here is how I would suggest approaching it.  Keep the same vehicle information for Business 1. Use total and business miles to determine the current year's depreciation. TurboTax would do it for you once you enter the information.    Enter another vehicle for Business 2, using the remaining cost basis you show for the vehicle on Business 1. Opt out of the bonus depreciation, and do not use Sec. 179 deduction for this asset. Again, use the total and this business's miles driven to determine the depreciation allowed.  An example may make it clearer.    You bought the vehicle for $50,000. Let's say that 2024 was year 3 of its depreciation, and the accumulated depreciation is $35,000. This gives you the remaining depreciable value of $15,000.  You also drove 26,000 total miles. You drove 14,000 for Business 1. And 8,000 for Business 2.  Business 1. There will be no changes to the asset information for this vehicle. You will enter total mileage driven at 26,000, and business miles 14,000, giving your business usage of 54%.  Business 2. You will create a new asset. The cost basis is $15,000. Total miles driven - 26,000, Miles driven for this business - 8,000. Business usage 31% 
Ok thank you. It is a small amount so I don't really care about paying the tax on it. I have a separate (Maybe separate) problem with the filing though. When I go through the HSA section, i answer th... See more...
Ok thank you. It is a small amount so I don't really care about paying the tax on it. I have a separate (Maybe separate) problem with the filing though. When I go through the HSA section, i answer that I did not have any HDHP in 2024. However, when I try to file at the end, it gives me an error and says I need to fill out either "Self" or "Family" for HDHP coverage in 2024 on Question 1 on Form 8889. I already said no earlier (and also no to Medicare) so not sure why it is requiring this. 
You can do this as long as you did not organize as an LLC or something else.  If you organized, you have to follow different rules depending on where you live.   In Turbotax, you can create multi... See more...
You can do this as long as you did not organize as an LLC or something else.  If you organized, you have to follow different rules depending on where you live.   In Turbotax, you can create multiple schedule C businesses.  This would be true whether you have two different side gigs (like landscaper and ride share), or you and your spouse have two separate businesses, or you and your spouse share the same business.  You can call the businesses "Bob's music" and "Jane's music" for example, just make sure the "owner" of each business and their SSN is correctly assigned to each schedule C.  Then, report the income and expenses equally, or report them unequally if your activities were unequal. 
Pub 970 ( https://www.irs.gov/pub/irs-pdf/p970.pdf ) is the reference for this topic. But, you're not going to find that specifically covered.    The bottom line, for most parents with kids in of... See more...
Pub 970 ( https://www.irs.gov/pub/irs-pdf/p970.pdf ) is the reference for this topic. But, you're not going to find that specifically covered.    The bottom line, for most parents with kids in off campus housing, is that your tax free 529 distribution is limited to the cost of attendance or what on campus students pay, whichever is less. 
A return of an HSA contribution made for 2023 had to be done by October 15, 2024.  Since that was not done, a distribution to correct the excess is required to be an ordinary distribution equal to th... See more...
A return of an HSA contribution made for 2023 had to be done by October 15, 2024.  Since that was not done, a distribution to correct the excess is required to be an ordinary distribution equal to the amount of the excess, made taxable by not applying it to any medical expenses.  Because no such distribution was made in 2024, you are again subject to the 6% excess contribution penalty for 2024 as you were for 2023.   If there was no new excess contribution made for 2024, there was no 2024 HSA contribution eligible to be returned.  An ordinary distribution in 2025 of an amount equal to the excess made taxable by not applying it to medical expenses will eliminate the excess on your 2025 that you file next year.  If you were under age 65 at the time of this distribution, the distribution will also be subject to a 20% additional tax.
An inherited IRA is still an IRA, either a traditional IRA under section 408 or a Roth IRA under section 408A.
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   You complete your tax ret... See more...
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.