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September 11, 2025
8:17 PM
there is a safe harbor that if you meet it avoids underpayment of estimated taxes even if you owe a fortune come next 4/15. this avoids the need to CALCULATE current year quarterly estimates. However...
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there is a safe harbor that if you meet it avoids underpayment of estimated taxes even if you owe a fortune come next 4/15. this avoids the need to CALCULATE current year quarterly estimates. However, you could end up significantly overpaid
timely estimated tax payments and withholding = 100% of your 2024 tax. that 100% jumps to 110% if your 2024 adjusted gross income was $150K or more. you can use 1/4 of annual withholding for each period or use actual for every period
other safe harbors
withholding
1) and timely estimated tax payments equal or exceed 90% of your 2025 tax or 2) the balance due after subtracting taxes withheld from 90% of your 2025 tax is less than $1,000 or 3) your total 2025 taxes are less than $1,000
for states each has their own rules that should be checked
September 11, 2025
8:15 PM
I need to know what’s the last year I filed taxes with TurboTax
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September 11, 2025
8:07 PM
it's only for the desktop versions right now. you have several options
1) wait and hope Intuit changes its mind
2) use online
3) switch to another product
4) create a dual boot computer follo...
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it's only for the desktop versions right now. you have several options
1) wait and hope Intuit changes its mind
2) use online
3) switch to another product
4) create a dual boot computer following instructions you can find on the web (my choice - I now have w11 installed on a noncompliant computer) the installation app hacks the registry so W11 doesn't check to make sure the computer meets requirements. (i did install TT 2024 and it works) No guarantee TT won't modify its 2025 app to also check and refuse to install if it's not compliant. on boot you have to choose between the two OS's
5) create a virtual machine. this allows both OS's to run at the same time. I tried to do this but couldn't get it to work
September 11, 2025
7:47 PM
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September 11, 2025
7:37 PM
Thank you
September 11, 2025
6:31 PM
Generally, yes, but the correct answer depends on conditions such as as your expected longevity and the types of investments you will be using in the interim. A financial planner who knows your entir...
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Generally, yes, but the correct answer depends on conditions such as as your expected longevity and the types of investments you will be using in the interim. A financial planner who knows your entire financial situation is best able to advise you. You can also read numerous articles on the web if you Goggle your question.
September 11, 2025
6:23 PM
You should get caught up.
Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when...
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You should get caught up.
Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when you mail them. Software for past years is available back to 2021. Any earlier years can only be prepared on paper forms by hand--and those refunds have been forfeited now.
The current online program can only be used for a 2024 return--no other year. And if you did not file a timely 2023 return you will have trouble e-filing 2024. When it asks for your 2023 AGI try using zero. If zero does not work then you have to print, sign and mail 2024.
You cannot change the tax year. The current online program is for 2024 only. Only a 2024 return can be prepared online and only a 2024 return can be e-filed.
Online preparation and e-filing for 2021, 2022, and 2023 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2021, 2022, or 2023 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
September 11, 2025
6:00 PM
Si
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September 11, 2025
5:53 PM
You can't switch the form that you entered incorrectly. You have to delete the W-2 that you entered mistakenly, and start over entering the 1099-G correctly. Note that there are different places to e...
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You can't switch the form that you entered incorrectly. You have to delete the W-2 that you entered mistakenly, and start over entering the 1099-G correctly. Note that there are different places to enter a 1099-G, depending on whether it's for unemployment benefits, a state tax refund, or something else. Be sure to enter it in the right place.
September 11, 2025
5:50 PM
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September 11, 2025
5:29 PM
Hello. My husband bought and sold sports cards online last year. The 1099K says there were 75 transactions in total. The amount in "income" was a little over $19k. His expenses for purchasing the c...
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Hello. My husband bought and sold sports cards online last year. The 1099K says there were 75 transactions in total. The amount in "income" was a little over $19k. His expenses for purchasing the cards, supplies, etc. most likely exceeded the income, however, we have only been able to pull together about $17,500 worth of expenses - there are 109 separate transactions for expenses. I am uncertain how to enter all of this information and if I have to enter each separate item. I could possibly allocate each box purchased to the sale of cards, however, how would I tie in the supplies? Thanks!
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?