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September 11, 2025
5:21 AM
my understanding is it's the date you'll pay what is due on your final return which will be in the future if you're still preparing to file that return. If you paid in April with extension you would...
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my understanding is it's the date you'll pay what is due on your final return which will be in the future if you're still preparing to file that return. If you paid in April with extension you would input that payment under Other Tax Situations / Other Income Taxes and that will reduce the amount due on your final return. If you still owe some balance/penalty on the final return, that's the date it's asking for here, not the April date.
September 10, 2025
10:14 PM
1 Cheer
" the IRA basis as I believe it to be in this situation (" The IRA basis for 2021 is the basis shown on the 2020 (most recently filed) Form 8606 when there was no change in basis for 2021. ...
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" the IRA basis as I believe it to be in this situation (" The IRA basis for 2021 is the basis shown on the 2020 (most recently filed) Form 8606 when there was no change in basis for 2021. @BME
September 10, 2025
10:11 PM
1 Cheer
Consider: If you had filed 2021 8606 it would show a basis of $7,000. Then you'd need to amend 2021 tax return to correct the basis. -- preparing and including a 2021 8606 now with an incorrect $7...
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Consider: If you had filed 2021 8606 it would show a basis of $7,000. Then you'd need to amend 2021 tax return to correct the basis. -- preparing and including a 2021 8606 now with an incorrect $7,000 basis makes no sense. @BME
September 10, 2025
9:21 PM
you can no longer e-file your federal 2023 return using Turbotax. this is a strange situation because you say the state was successfully e-filed. Normally a federal rejection results in state e-fili...
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you can no longer e-file your federal 2023 return using Turbotax. this is a strange situation because you say the state was successfully e-filed. Normally a federal rejection results in state e-filings being rejected
September 10, 2025
8:31 PM
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September 10, 2025
8:04 PM
1 Cheer
While you can’t efile with a zero AGI you should have no problem efiling with zero tax due and that line blank.
September 10, 2025
7:47 PM
I filed the 2023 amendment recently and am waiting for the refund. So, I will use the value on the 2024 1099-G. thankyou!!!
September 10, 2025
7:46 PM
I have same issue when computing the penalty. I didn't use the Annualized method. but for the date paid (I paid on April 5 when file extension ) cannot enter the date which the payment made. It does...
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I have same issue when computing the penalty. I didn't use the Annualized method. but for the date paid (I paid on April 5 when file extension ) cannot enter the date which the payment made. It doesn't matter whether you annualized or not , you have to choose the date to enter. I think it's bug. Can expert confirm it?
September 10, 2025
7:34 PM
Exactly when did you "recently" amend your 2023 California tax return, and when did you receive the additional refund? If you received the additional refund in 2025, then it should not be included in...
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Exactly when did you "recently" amend your 2023 California tax return, and when did you receive the additional refund? If you received the additional refund in 2025, then it should not be included in your 2024 1099-G. The 1099-G for 2024 reports refunds that you received IN 2024. You should enter the 1099-G as it actually appears. Any refund that you received in 2025 will be included in a 2025 1099-G, no matter what year the refund is for. You will enter it in your 2025 federal tax return.
September 10, 2025
7:31 PM
Hello. I paid the tax owed plus the estimated penalty when I filed for the 2024 extension -- resulting in "amount overpaid" (line 34) equal to "estimated tax penalty" (line 38). Line35a is 0 becaus...
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Hello. I paid the tax owed plus the estimated penalty when I filed for the 2024 extension -- resulting in "amount overpaid" (line 34) equal to "estimated tax penalty" (line 38). Line35a is 0 because I'm not asking for a refund. "amount you owe" line 37 is coming up as blank but I was expecting a 0. Is the blank on line 37 accepted as a 0 by the IRS? I would like to e-file.
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September 10, 2025
6:56 PM
1 Cheer
No. It is you who state that the qualifications have been met (by the manner in which you report), which the IRS may then challenge (or not).
September 10, 2025
6:40 PM
Because all international students on F1 should file a tax return even if there is a 0 income. Do you have any information that helps us in this situation ?
September 10, 2025
6:29 PM
Is it qualifying in and of itself that might draw such scrutiny, or would it be in some way acting upon it, if that is even optional (I don't know)
September 10, 2025
6:24 PM
1 Cheer
The simple answer is "Yes, the qualifications would be the same for trader status". However, since trusts are most typically investment vehicles, qualifying may draw stricter scrutiny.
September 10, 2025
6:20 PM
1 Cheer
Not sure if this is the answer you're looking for but you add all demolition costs to the basis of the land.
September 10, 2025
6:03 PM
If a trustee to a non-grantor trust is trading in such a way that would ordinarily constitute trader status were they operating as an individual, can/must the non-grantor trust be considered to have ...
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If a trustee to a non-grantor trust is trading in such a way that would ordinarily constitute trader status were they operating as an individual, can/must the non-grantor trust be considered to have trader status for its own tax purposes?
September 10, 2025
5:36 PM
Thanks. I reported them to BBB and to Trust Pilot and to Turbo Tax and to my credit card company.
September 10, 2025
5:35 PM
Hello, I recently amended my 2023 tax return (and received some additional state tax refund). Now my 2024 1099-G has the old refund amount on it. Should I enter the old CA tax refund amount from the ...
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Hello, I recently amended my 2023 tax return (and received some additional state tax refund). Now my 2024 1099-G has the old refund amount on it. Should I enter the old CA tax refund amount from the 2024 1099-G when doing my taxes for 2024? or should I override it and update it to the new amount (old + amendment). thankyou!
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September 10, 2025
5:21 PM
I am praying she is right and sure she will be filing the forms necessary, I just didn’t understand what the Basis is. Thanks Michael
September 10, 2025
5:19 PM
Something's wrong with something you entered for one (or both) of the 1098s, but I can't figure out exactly what it might be.
Run Smart Check to see if TurboTax finds any errors in your tax retur...
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Something's wrong with something you entered for one (or both) of the 1098s, but I can't figure out exactly what it might be.
Run Smart Check to see if TurboTax finds any errors in your tax return.
Carefully review your entries for both 1098 forms, and your answers to all of the questions following the entry of each 1098. Read the questions carefully, and pay particular attention to the questions about which is the most recent 1098. The 1098 from Bank 2 would be the most recent.
Are you using TurboTax Online or the desktop TurboTax software? If you are using the desktop software, don't make any entries about mortgage interest in forms mode. Use the Step-by-Step interview.