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May 15, 2025
11:46 PM
you should pay for [Link removed] kids.
May 15, 2025
11:39 PM
does the notice show the calculation of the penalty because we have no access to your reporting or the notice
the rules:
withholding and timely estimated tax payments must meet the lowest of ...
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does the notice show the calculation of the penalty because we have no access to your reporting or the notice
the rules:
withholding and timely estimated tax payments must meet the lowest of either of the following
1) 90% of current year tax
2) 100% of last year's tax. That jumps to 110% if your prior year adjusted gross income was over $150,000
also there is no penalty if you owe $1000 or less after subtracting withholding (estimates don't count) from 90% of the current year tax.
not knowing how much is involved we don't know if requesting first time abatement is advisable.
May 15, 2025
11:30 PM
see this link - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-large-number-stock-transactions-turbotax/L7IFdQzko_US_en_US
it will handle any type o...
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see this link - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-large-number-stock-transactions-turbotax/L7IFdQzko_US_en_US
it will handle any type of security transaction
reporting will be on form 8949
turbotax does not catch or identify wash sales. if you have a domestic broker, they should catch them and report accordingly. However, the broker will not catch wash sale between accounts
May 15, 2025
11:27 PM
May 15, 2025
10:57 PM
Duh wouldn't that be the first thing that you would do would be contacting them when you have an issues with your refunding your check smh
May 15, 2025
10:54 PM
Oh yes you think that I haven't contacted them by now it's been since February 26th I have not only went to that exact link that you gave me but it also talked to someone on the phone as well and if ...
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Oh yes you think that I haven't contacted them by now it's been since February 26th I have not only went to that exact link that you gave me but it also talked to someone on the phone as well and if you check it with my information it'll tell you that my refunds was deposited on February 26th it would also tell you that a traces put out a month thing on March 4th and the worker that I talked to said that they issued the money to that bank institution and that TurboTax into it Cross riverbank is responsible for issuing me a new check so I've tried to have patience but I'm just I might have to reach out to attorney because this is ridiculous.
May 15, 2025
10:37 PM
I'M THE OWNER OF 2 SMLLC WHICH ARE SUBSIDIARIES OF A HOLDING COMPANY (MMLLC) THAT I ALSO OWN. EACH SMLLC PURCHASED A PROPERTY, ONE IN CT AND THE OTHER IL. THE HOLDING COMPANY OWNS BOTH SMLLC. I'M ...
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I'M THE OWNER OF 2 SMLLC WHICH ARE SUBSIDIARIES OF A HOLDING COMPANY (MMLLC) THAT I ALSO OWN. EACH SMLLC PURCHASED A PROPERTY, ONE IN CT AND THE OTHER IL. THE HOLDING COMPANY OWNS BOTH SMLLC. I'M ABOT TO START RENTING BOTH PROPERTIES, BUT IS UNSURE HOW TO SETUP COLLECTION PF THE RENTAL INCOME. IS IT BETTER FOR EACH SMLLC TO COLLECT IT'S OWN RENTAL INCOME, OR SHOULD I JUST COLLECT THE RENT UNDER THE HOLDING COMPANY (MMLLC)? IF EACH SMLLC COLLECTS ITS OWN RENT, HOW WOULD I SHOW IT ON FORM 8825 OF THE 1065? IF THE RENT IS PAID DIRECTLY TO THE HOLDING COMPANY THEN HOW SHOULD I RECORD IT ON THE 1065 SINCE IT'S BYPASSING THE SUBSIDARY (SMLLC).
May 15, 2025
10:17 PM
How can I get back into online 2024 Turbotax after I filed an extension and the April 15 deadline has passed?
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May 15, 2025
10:15 PM
May 15, 2025
9:55 PM
How do I download to marketplace
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May 15, 2025
9:38 PM
It’s is holding my refund until I file for 2023
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May 15, 2025
9:31 PM
Thank you for the prompt, clear and a comprehensive answer to my query. Much appreciated.
May 15, 2025
9:20 PM
You would have to find the 2021 desktop version of Turbo and mail the return or download the necessary forms and complete them manually.
May 15, 2025
9:13 PM
What is on line 38 of your 1040 and how does it differ from the IRS amount? Does your letter explain the discrepancy?
May 15, 2025
9:12 PM
What is on line 38 of your 1040 and how does it differ from the IRS amount?
May 15, 2025
8:42 PM
Also can Turbo Tax identify wash sale transactions?
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May 15, 2025
8:40 PM
The system has been changing the tax agent that is handling my tax submission. Now the tax agent - Candance is not responding at all. I have paid for full service and to date my tax is not submit...
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The system has been changing the tax agent that is handling my tax submission. Now the tax agent - Candance is not responding at all. I have paid for full service and to date my tax is not submitted. Is there anyone going to respond?
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May 15, 2025
8:33 PM
Hello, I am getting a notice from the IRS stating I didn't pay enough taxes due for the year with my quarterly estimated tax payments. When filing with Turbotax in February I did not see any lin...
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Hello, I am getting a notice from the IRS stating I didn't pay enough taxes due for the year with my quarterly estimated tax payments. When filing with Turbotax in February I did not see any line stating a penalty amount so I am surprised to see this. Second, I did not work a full 12 months last year so my income is actually less than prior years and what I owed in federal taxes was very high. I am trying to understand why this might be? Is it possible this was miscalculated? I do have some dividends and interest income. Do I just pay this? Can I submit for correction or abatement?
May 15, 2025
8:12 PM
It says, "We reviewed you estimated tax penalty computation for the tax period ended 2024 and found an error. Our correction of this error increased the penalty..." Sounds like the Turbo Tax sys...
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It says, "We reviewed you estimated tax penalty computation for the tax period ended 2024 and found an error. Our correction of this error increased the penalty..." Sounds like the Turbo Tax system failed to determine the correct taxes that I owed. If anyone has insight, please share. Thank you.
May 15, 2025
7:41 PM
I need to answer "no" on form 1095A which i never received.
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