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August 15, 2025
3:03 PM
You have not mentioned your income.
https://turbotax.intuit.com/tax-tools/calculators/w4/
https://www.irs.gov/individuals/tax-withholding-estimator
https://www.irs.gov/pub/irs-pdf/fw4.pdf ...
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You have not mentioned your income.
https://turbotax.intuit.com/tax-tools/calculators/w4/
https://www.irs.gov/individuals/tax-withholding-estimator
https://www.irs.gov/pub/irs-pdf/fw4.pdf
August 15, 2025
3:00 PM
1 Cheer
Yeah, you're NOT a dealer (at least not without more than you posted). Real estate dealers are in the trade or business of buying and selling properties to customers and hold the property primari...
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Yeah, you're NOT a dealer (at least not without more than you posted). Real estate dealers are in the trade or business of buying and selling properties to customers and hold the property primarily for resale; dealers treat the property as inventory. One single, solitary buy and sell will not be considered a flip and won't elevate you to the status of "dealer" without more. In fact, reporting it in that manner has the possibility of ramifications with the IRS, particularly since you have a net loss.
August 15, 2025
2:59 PM
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August 15, 2025
2:38 PM
OK we will need to know how you entered the unemployment. It should be on a 1099G. What line did it show up on your tax return? Did you enter it like a W2? Did the IRS send you a letter abou...
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OK we will need to know how you entered the unemployment. It should be on a 1099G. What line did it show up on your tax return? Did you enter it like a W2? Did the IRS send you a letter about it? Why did you reach out to the IRS? Did you call them? Be sure to save a copy of your original return before you start the amended return. The Amended return will overwrite the original return. How to Amend the 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 Then to fix it you first delete the unemployment you entered in the wrong place. Then Enter a 1099G for unemployment under Federal on left Wages & Income at top Unemployment - Click the Start or Update Button Your unemployment compensation will be on Schedule 1 line 7 and flows to Form 1040 Line 8. You get credit for any withholding on 1040 line 25b.
August 15, 2025
2:32 PM
If you received a 1099G for unemployment benefits it must be entered here:
Enter your 1099G in Federal>Wages & Income>Unemployment
Go through the screens very carefully, making sure to enter...
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If you received a 1099G for unemployment benefits it must be entered here:
Enter your 1099G in Federal>Wages & Income>Unemployment
Go through the screens very carefully, making sure to enter any federal/state tax you had withheld from the unemployment.
https://ttlc.intuit.com/community/entering-importing/help/where-do-i-report-a-1099-g-for-unemployment-or-paid-family-leave/00/26530
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
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1
August 15, 2025
2:30 PM
No. If you live and work in Florida, you do not have to pay IL income tax just because your employer is located in IL. FL has no state income tax. You simply file a federal tax return.
August 15, 2025
2:18 PM
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August 15, 2025
2:08 PM
We were victims of the Altadena, CA, fires and lost almost all of our property.
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August 15, 2025
1:20 PM
No, the extra hours are not overtime that qualify for the deduction under the new tax law. The deduction for overtime applies only to the amount over your regular pay rate. If your regular pay is $30...
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No, the extra hours are not overtime that qualify for the deduction under the new tax law. The deduction for overtime applies only to the amount over your regular pay rate. If your regular pay is $30/hour and you get $45/hour for overtime, you would get a deduction for the extra $15/hour. But you still pay tax on all the pay at the regular $30/hour rate. The number of hours that you work doesn't really matter. It's the time and a half that gives you a deduction.
An exempt employee is usually not going to qualify for the deduction for overtime.
August 15, 2025
1:10 PM
We are classified as exempt employees, only paid 40 hours per week. However, during certain periods of "rush" they let us work 10-20 extra hours. Those extra hours are paid as regular hours, with no ...
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We are classified as exempt employees, only paid 40 hours per week. However, during certain periods of "rush" they let us work 10-20 extra hours. Those extra hours are paid as regular hours, with no 1.5x multiplier. Would those extra hours still qualify for the over time tax deduction under the BBB?
August 15, 2025
1:02 PM
Sorry not using Turbo Tax. It's too late to start a 2023 or prior online return or use the mobile app, either on Turbo Tax or the IRS. And too late to efile 2023. To do a prior year return y...
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Sorry not using Turbo Tax. It's too late to start a 2023 or prior online return or use the mobile app, either on Turbo Tax or the IRS. And too late to efile 2023. To do a prior year return you have to buy the Desktop program here, https://turbotax.intuit.com/personal-taxes/past-years-products You will need a full Windows or Mac to install it on. If you have a simple return and want to file for free you can fill out the forms by hand. Here are some basic forms..... Here is the 2023 1040 return https://www.irs.gov/pub/irs-prior/f1040--2023.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2023.pdf 2023 1040 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2023.pdf 2023 EIC and Tax Tables https://www.irs.gov/pub/irs-prior/i1040tt--2023.pdf Schedules 1-3 https://www.irs.gov/pub/irs-prior/f1040s1--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s2--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s3--2023.pdf Don’t forget your state. And you will have to print and mail your returns. So be sure to attach copies of your W2s and any 1099s that have withholding on them. You have to mail federal and state in separate envelopes because they go to different places. Get a tracking number from the post office when you mail them for proof of filing. Then when you file for 2024 you need to enter 0 for the 2023 AGI since you are filing 2023 late.
August 15, 2025
1:00 PM
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August 15, 2025
12:57 PM
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August 15, 2025
12:32 PM
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August 15, 2025
12:22 PM
If no change in federal tax liability you don’t need to amend your federal return. Your state returns will have to be amended.
August 15, 2025
12:15 PM
https://tax.illinois.gov/individuals/filingrequirements.html
August 15, 2025
12:09 PM
I'm not using turbo tax but just asking question. Do i need to pay that tax or not
August 15, 2025
12:08 PM
If you worked in IL you may need to pay IL tax, but if you are a non-resident alien, you cannot use TurboTax.
If you are a non-resident alien, your return must be filed on Form 1040NR, which ca...
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If you worked in IL you may need to pay IL tax, but if you are a non-resident alien, you cannot use TurboTax.
If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax. You can use TT’s partner, sprintax:
https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html
IRS —HOW TO DETERMINE RESIDENCY STATUS FOR TAX
https://www.irs.gov/individuals/international-taxpayers/determining-an-individuals-tax-residency-status#:~:text=If you are not a,January 1 – December 31).
August 15, 2025
12:06 PM
Not sure what "rebate check" you are referring to. There has not been a federal recovery rebate check since tax year 2021. There is no rebate check for 2024.
August 15, 2025
12:01 PM
If line 5 on the 1098T is greater than line 1, does the student need to file a separate tax return?
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