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September 11, 2025
4:43 PM
I put my 1099g in the wrong section
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September 11, 2025
4:01 PM
I am not a stock trader (at least I won't file my tax return as one who makes a living by trading stocks), so I will deal with short/long term capital gains for my trades this year. Looking at my re...
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I am not a stock trader (at least I won't file my tax return as one who makes a living by trading stocks), so I will deal with short/long term capital gains for my trades this year. Looking at my records, I actually have some gains for each of the third quarters so far: Jan. 1 - March 31: $2500 short term gain. It's already too late to pay more estimated tax for this, but the tax amount is probably not significantly large. June 1 - Aug. 31: $10000 short term gain. I still have a few days before 9/15 to pay estimated tax for this. Sept. 1 - Dec. 31 (up to Sept. 11 so far): $64000 long term gain. I have until 1/15/2026 for this. I think my tax bracket is %24, so the federal tax I owe should be (2500+10000) * 0.24=3000 for first 8 months. Looking at last year's federal tax return, I had a $7000 refund, and I may get similar refund without any capital gain this year. That said, I don't have to pay any estimated tax for the capital gain in first 8 months of the year? I am already paying estimated tax quarterly, and I guess I will meet the safe harbor this year. However, I don't mind paying more estimated tax this quarter to be safe. 1. Any suggestion on federal tax? 2. I live in California. Do I need to do anything with franchise tax board? No, I haven't never paid any estimated tax to the state. 3. People mentioned about form 2210 on the web. Is that something I should check out now or only when I file my tax return next year? I
September 11, 2025
3:22 PM
Did you use desktop download software for the 2022 and 2023 returns? You cannot use online TurboTax for either year---only the download on a full PC or Mac, and the returns must be filed by mail. ...
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Did you use desktop download software for the 2022 and 2023 returns? You cannot use online TurboTax for either year---only the download on a full PC or Mac, and the returns must be filed by mail. Mail them in separate envelopes. Do not combine them in any way.
If you have completed them correctly then you can use either online TurboTax or the 2024 desktop download. Transfer 2023 in to the 2024 return before you enter any 2024 data.
How to transfer last year’s return?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/transfer-last-year-return-turbotax-online/L279eUvY2_US_en_US?uid=m6ayqk1s
You will not be able to use the 2023 AGI to e-file 2024, so try using "zero" as the AGI instead.
When you use online TurboTax software you get one return per fee.
Each return needs its own account and user ID. If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596
ONLINE 2024
https://turbotax.intuit.com/personal-taxes/online/
DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)
https://turbotax.intuit.com/personal-taxes/cd-download/
September 11, 2025
3:19 PM
How did you do the prior years? Did you use Turbo Tax? You would have needed to buy and install the Desktop program for each year. The Online version is only good for 2024 now. Online is...
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How did you do the prior years? Did you use Turbo Tax? You would have needed to buy and install the Desktop program for each year. The Online version is only good for 2024 now. Online is only good for 1 return per account. But you can use the same email address for 5 accounts. You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return Create your account screen Set up a new login for the second return Start working on the new return
September 11, 2025
3:14 PM
How can I start a new return for an individual
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September 11, 2025
2:38 PM
2 Cheers
TaxSlayer is another option, but at first glance they may have transitioned to online-only. Between those options, personally, I would go with TaxAct. However, don't eliminate the option for ...
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TaxSlayer is another option, but at first glance they may have transitioned to online-only. Between those options, personally, I would go with TaxAct. However, don't eliminate the option for a tax professional. Yes, they cost more, but in some circumstances they can give advice (and correctly prepare your tax return, which is hit-and-miss with DIY software like TurboTax) that can be worth a lifetime of tax preparation fees. For example, I encountered a several real-life situations where a tax professional's preparation and/or advice saved TENS of THOUSANDS of dollars over just following TurboTax's directions. Although that large of a difference is not common, it shows the advantages of a GOOD tax professional.
September 11, 2025
2:35 PM
You have to log in to the same account. You need to start entering some basic Personal Info in 2024 for the side menu to open up. Just continue a little ways into 2024. I had to continue through a...
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You have to log in to the same account. You need to start entering some basic Personal Info in 2024 for the side menu to open up. Just continue a little ways into 2024. I had to continue through about a dozen screens to get the menu to show up. How to access prior online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010 If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. You can also request a transcript from the IRS Get Transcript | Internal Revenue Service You can request a transcript from the IRS https://www.irs.gov/individuals/get-transcript
September 11, 2025
2:26 PM
Do you have a link that says they can run 2025 on Windows 10?
September 11, 2025
2:24 PM
Ha, Ha arrogant Intuit with your 2025 Turbo Tax for Win 11 only! H&R Block will run on Win 10 for 2025 Tax Season and can even read previous year TT files (not that it matters because my Taxes aren...
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Ha, Ha arrogant Intuit with your 2025 Turbo Tax for Win 11 only! H&R Block will run on Win 10 for 2025 Tax Season and can even read previous year TT files (not that it matters because my Taxes aren't really that hard even manually). Just like the speed of downloading Tax Info made available on line before Documents arrive & sent from my investment Company 20+ year Turbo Tax Customer, that's not going to upgrade to an even more buggy Win 11 for your planned obsolescence OR the insecurity of TT online with my financials in care of your servers (Most major, large Identity hacks were Corporations, not Individuals, i.e. Target, Chase, Marriott, Ticketmaster, on and on!) There is also a PC World highly rated free program, FreeTaxUSA 40 + Electronic Tech, both Military and Commercial Aviation
September 11, 2025
2:09 PM
Ineed to access my 2020 turbo taxes.
September 11, 2025
2:05 PM
@user17576234858 wrote: ProConnect is nowhere near as consumer friendly as TurboTax Business. Of course it's not, which is why Intuit may just dump the desktop version of TurboTax Business in...
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@user17576234858 wrote: ProConnect is nowhere near as consumer friendly as TurboTax Business. Of course it's not, which is why Intuit may just dump the desktop version of TurboTax Business in favor of an online version in the future. At least that's where I think we're headed.
September 11, 2025
1:54 PM
1 Cheer
ProConnect is nowhere near as consumer friendly as TurboTax Business. It won't be replacing TurboTax anytime soon as it is designed for tax professionals and only tax professionals can file electron...
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ProConnect is nowhere near as consumer friendly as TurboTax Business. It won't be replacing TurboTax anytime soon as it is designed for tax professionals and only tax professionals can file electronically using the software (if you try to print a hard copy to mail in, their downloaded forms are not properly formatted for home computers either.) You will still have to go find each form on the IRS website, download it, transfer your numbers over from the ones you paid hundreds of dollars to create in each license for ProConnect, print those on your home printer, drive them to the post office, pay for certified return receipt mail and an envelope and your time at the post office. I hate Intuit for not making a desktop version for Mac so we can do our own taxes for our S-Corp. What if you just don't trust the cloud? I mean, how many times (in the last year alone) have these huge "secure" companies been hacked? Very disturbing if this is their plan. Bad enough we have to buy a PC that just collects dust except at tax time in order to use the Business Tax desktop version. Now we may even be losing that as an option?
September 11, 2025
1:46 PM
2 Cheers
They already have built the security into the product. If they hadn't, TT 2025 would have been insecure on Windows 10. The claim about security is complete nonsense.
September 11, 2025
1:44 PM
2 Cheers
Sure, but it's not as if you have a lot of choices. In fact, there are only two that offer consumer-level, downloadable (installed) tax prep software. TaxAct: https://www.taxact.com H&R B...
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Sure, but it's not as if you have a lot of choices. In fact, there are only two that offer consumer-level, downloadable (installed) tax prep software. TaxAct: https://www.taxact.com H&R Block: https://www.hrblock.com/filing-options-and-products Good luck!
September 11, 2025
1:40 PM
No, the EV tax credit is non-refundable, meaning, if your total tax liability (before subtracting any payments such as withholding and estimated taxes paid) is smaller than the credit amount, the exc...
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No, the EV tax credit is non-refundable, meaning, if your total tax liability (before subtracting any payments such as withholding and estimated taxes paid) is smaller than the credit amount, the excess is lost, cannot be carried back or carried forward. Sorry! Also, the EV tax credit is only allowed for purchases prior to October 1, 2025, under the One Beautiful Bill Act.
September 11, 2025
1:40 PM
No, the unused credit does not roll over, it is lost.
You might think about ways to increase your income temporarily for 2025 so you can use the whole credit. For example, if you contribute ...
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No, the unused credit does not roll over, it is lost.
You might think about ways to increase your income temporarily for 2025 so you can use the whole credit. For example, if you contribute to a pre-tax 401k or IRA, you might direct some of your contributions to an after-tax Roth IRA or Roth 401k account.
September 11, 2025
1:32 PM
Since your son is working under OPT, I assume he has already graduated from college and that he has been living in the U.S. for more than 365 days. If that's the case, there is something in the...
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Since your son is working under OPT, I assume he has already graduated from college and that he has been living in the U.S. for more than 365 days. If that's the case, there is something in the U.S. tax law called "Substantial Presence" test. Click on this link to see if your son qualifies. If he does, he files a 1040, not 1040-NR. Substantial presence test | Internal Revenue Service You will be considered a United States resident for tax purposes if you meet the substantial presence test for the calendar year. To meet this test, you must be physically present in the United States (U.S.) on at least: 31 days during the current year, and 183 days during the 3-year period that includes the current year and the 2 years immediately before that, counting: All the days you were present in the current year, and 1/3 of the days you were present in the first year before the current year, and 1/6 of the days you were present in the second year before the current year. Example: You were physically present in the U.S. on 120 days in each of the years 2021, 2022 and 2023. To determine if you meet the substantial presence test for 2023, count the full 120 days of presence in 2023, 40 days in 2022 (1/3 of 120), and 20 days in 2021 (1/6 of 120). Since the total for the 3-year period is 180 days, you are not considered a resident under the substantial presence test for 2023.
September 11, 2025
1:28 PM
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September 11, 2025
1:25 PM
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September 11, 2025
1:22 PM
Thank you again but it didn't work. :(