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September 9, 2025
4:07 PM
September 9, 2025
4:04 PM
"I suppose there might be a situation where you would save more taxes doing the QHFD, ..." For all practical purposes, never for those over age 59½. For those over age 59½, AGI ends up being the...
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"I suppose there might be a situation where you would save more taxes doing the QHFD, ..." For all practical purposes, never for those over age 59½. For those over age 59½, AGI ends up being the same whether the HSA contribution is done as an HFD from an IRA or is instead done as an ordinary IRA distribution followed by a deductible HSA contribution. The only case where there would be a taxable difference is if the individual had basis in nondeductible traditional IRA contributions and for some reason wanted to preserve basis to be applied to an IRA distribution in a future year when the marginal tax rate is expected to be higher than now. HFDs come only from the pre-tax portion of the individual's IRAs. (Note that it would make absolutely no sense to make an HFD that exceeds the pre-tax amount in the individual's IRAs since the result of doing so would effectively subject the after-tax portion to taxation a second time.)
September 9, 2025
3:59 PM
4 Cheers
@vetz76 wrote: I SEE THEY REMOVED THE EMAIL ADDRESS OF THE CUSTOMER SERVICE PERSON. "They removed..." "They" is not a person. It's an automated forum filter that automatically removes ...
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@vetz76 wrote: I SEE THEY REMOVED THE EMAIL ADDRESS OF THE CUSTOMER SERVICE PERSON. "They removed..." "They" is not a person. It's an automated forum filter that automatically removes all formatted email addresses, phone numbers, etc. The forum is widely picked up by Internet search engines, and as such, users who post their email addresses and other personal info in this public forum can be contacted by scammers who could pretend to be from TurboTax. The filter can't know if someone is posting their own email address or someone else's, so it removes those that it recognizes as an email address. The best way to escalate an issue at TurboTax is to contact the office of the president of Intuit, which often gets a phone call back from the liaison there. The contact form and a box for explanation of one's issue is here: https://www.intuit.com/company/contact/office-of-the-president/
September 9, 2025
3:57 PM
> When you have the capital loss carryover amounts for both of you, add together the four pairs of amounts (short-term and long-term, regular and AMT). Then go to forms mode in TurboTax and open the ...
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> When you have the capital loss carryover amounts for both of you, add together the four pairs of amounts (short-term and long-term, regular and AMT). Then go to forms mode in TurboTax and open the Federal Carryover Worksheet (not the Capital Loss Carryover Worksheet). On page 2 of the Federal Carryover Worksheet, enter the four totals on lines 12a, 12b, 13a, and 13b in the 2023 column. They will then appear on lines 6 and 14 of Schedule D. 12a,12b,13a and 13b fields in Federal Carryover Worksheet are not editable fields. If I click on those fields I get redirected to "Capital Loss Carryover Worksheet 2024" or "Capital Loss Carryover worksheet 2025". Nevertheless the Capital Loss Carryover Worksheet 2024 has editable fields. Are you sure I don't have to edit Carryover Worksheet 2024 instead by simply adding wife's numbers to mine? Picture for reference:
September 9, 2025
3:50 PM
I have a partnership Schedule K-1 that reported the following lines (under code 11ZZ) and indicated that the first two are to be reported on Form 6781. Annual Mixed Straddle Account Gain treated as ...
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I have a partnership Schedule K-1 that reported the following lines (under code 11ZZ) and indicated that the first two are to be reported on Form 6781. Annual Mixed Straddle Account Gain treated as Short-term: X Annual Mixed Straddle Account Gain treated as Long-term: Y Annual Mixed Straddle Account Gain treated as Ordinary: Z I had the following questions: 1. My understanding is that at most 50% of combined gains from all mixed straddle accounts can be treated as long-term (based on https://www.law.cornell.edu/cfr/text/26/1.1092(b)-4T). However, while calculating this, should I include the gains treated as ordinary in the denominator? In particular, should the long-term gains be capped at 0.5*(X+Y) or 0.5*(X+Y+Z) here. 2. Since I do not have the full details of the trades, should I simply indicate that these are from a Schedule K-1 in the attached statement? Do I need to include any other details? 3. Do I need to check the box for the mixed straddle account election in my Form 6781? I assume that the partnership has already made the election.
September 9, 2025
3:44 PM
More info is going to be needed for someone to help you. First, what TurboTax product edition are you using, and is it the desktop or Online TurboTax version? Where do you see "Not started?" i....
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More info is going to be needed for someone to help you. First, what TurboTax product edition are you using, and is it the desktop or Online TurboTax version? Where do you see "Not started?" i.e., next to what topic/subtopic does it say "not started?" Have you answered the preliminary rental property questions at the start of the rental interview, which appear prior to entering rental income and expenses, such as the property location, material participation questions, etc.? If desktop version, are you trying to use Forms Mode instead of the recommended interview mode?
September 9, 2025
3:36 PM
September 9, 2025
3:13 PM
If your spouse filed a joint return and will not show or share the tax return with you, talk to your divorce attorney. Your name is on that return and you have a right to see the information on th...
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If your spouse filed a joint return and will not show or share the tax return with you, talk to your divorce attorney. Your name is on that return and you have a right to see the information on the return. You also can pay the IRS to get a copy.
You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
https://www.irs.gov/payments/your-online-account
September 9, 2025
3:10 PM
If your spouse used TurboTax to prepare and file a joint return, then you need the account and user ID that were used to prepare that return. If they used desktop download software, the return is st...
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If your spouse used TurboTax to prepare and file a joint return, then you need the account and user ID that were used to prepare that return. If they used desktop download software, the return is stored only on the hard drive of the computer used to prepare the return; it is not stored online with TT.
Or....get a copy from the IRS if your spouse is not showing you the return for some reason.
https://www.irs.gov/payments/your-online-account
You can get a free transcript from the IRS or for a fee of $30 an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
September 9, 2025
3:08 PM
1 Cheer
Under US tax law, the lender is required to charge interest, or report imputed income equal to the amount of interest they could have charged. But that will not apply to your father, of course.
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Under US tax law, the lender is required to charge interest, or report imputed income equal to the amount of interest they could have charged. But that will not apply to your father, of course.
I believe the US tax law would view you as receiving a gift equal to the amount of interest that is not being charged. Gifts are not normally taxable to the recipient of the gift. If the gift was more than $18,000 per year, a US taxpayer would be required to report it, but that also would not apply to your father. You are required to report gifts of more than $100,000 per year, but the loan principal is not the amount of the gift, just the amount of foregone interest, so I don't think this comes into play either.
You could, for tax purposes, treat the entire loan amount as a gift and file form 3520, that might avoid any questions later. I'm don't think it's required in this case.
https://www.irs.gov/businesses/gifts-from-foreign-person
September 9, 2025
3:07 PM
What state are you in? A Community Property state does need the spouse’s info and income. Married filing Separate in Community Property States. If you are in a Community Property state it...
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What state are you in? A Community Property state does need the spouse’s info and income. Married filing Separate in Community Property States. If you are in a Community Property state it can be complicated to figure out. https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/married-filing-separately-community-property/L11CeLUMs_US_en_US
September 9, 2025
3:06 PM
If you were legally married at the end of 2024 your filing choices are married filing jointly or married filing separately when you prepare your 2024 return.
If your spouse will not agree t...
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If you were legally married at the end of 2024 your filing choices are married filing jointly or married filing separately when you prepare your 2024 return.
If your spouse will not agree to file joint return, you will need to file married filing separately. The exception to that would be if you have lived apart for at least the last six months of 2024, and you have custody of the children. In that situation, you could file as Head of Household and your spouse would have to file MFS. If you are filing separate returns you do not need your spouse's W-2. But you do need your spouse's SSN.
If I am filing a separate return why do I have to list my spouse’s information on my return?
Even if you file separate returns (the worst way to file) you each have to list each other's SSN's and some other information on your own tax return. The IRS can then cross check to make sure you are not "double dipping" for itemized deductions, dependents, etc.
If you are in a community property state, there is more information that will be needed.
Community property states: AZ, CA, ID, LA, NV, NM, TX, WA, WI
https://ttlc.intuit.com/questions/1901162-married-filing-separately-in-community-property-states
https://turbotax.intuit.com/tax-tips/marriage/five-tax-tips-for-community-property-states/L4jG7cq7Z
Married Filing Jointly is usually better, even if one spouse had little or no income. When you file a joint return, you and your spouse will get the married filing jointly standard deduction of $31,500 (+ $1600 for each spouse 65 or older) for 2025. You are eligible for more credits including education credits, earned income credit, child and dependent care credit, and a larger income limit to receive the child tax credit.
If you choose to file married filing separately, both spouses have to file the same way—either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return.
Some of the special rules for filing separately include: you cannot get earned income credit, education credits, adoption credits, or deductions for student loan interest. A higher percent of your Social Security benefits may be taxable. Your limit for SALT (state and local taxes and sales tax) will be only $5000 per spouse. In many cases you will not be able to take the child and dependent care credit. The amount you can contribute to a retirement account will be affected. If you live in a community property state, you will be required to provide additional information regarding your spouse’s income. ( Community property states: AZ, CA, ID, LA, NV, NM, TX, WA, WI)
If you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice since with online, you get one return per fee.
https://turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/L7gyjnqyM?srsltid=AfmBOopGqCNexowW0pYgvsf7ycIkrx4VjO_63UXv6vSnfu3UEGQiKQTh
https://ttlc.intuit.com/turbotax-support/en-us/help-article/income/getting-married-mean-taxes/L2RgmagpE_US_en_US?uid=m69on7t0
Edit---if you are in a community property state, you do, in fact, need your spouse's income. Filing separate returns in a community property state can be tricky.
Your post is kind of confusing, since you mention both filing joint and filing separate returns.
September 9, 2025
3:02 PM
Your title doesn't match your question.
If you are married you have two choices.
File as married filing jointly. You include all income, deductions, dependents and credits of both spouse...
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Your title doesn't match your question.
If you are married you have two choices.
File as married filing jointly. You include all income, deductions, dependents and credits of both spouses on one tax return.
Married filing separately. Each spouse files a return that lists only their specific individual income, deductions and credits. If you share dependents, each dependent can only be claimed once (and there are tiebreaker rules if you can't agree voluntarily).
Married filing separately almost always results in higher taxes or a lower refund, because some tax benefits are reduced or disallowed for that status. However, by signing a joint return, both spouses take full responsibility for the entire return, including any errors or omissions, so it can sometimes be legally smart to file separately even though you might save money filing jointly.
One key point is that when filing jointly, if one spouse claims itemized deductions, both spouses must itemize, even if they have nothing to deduct (which can also increase the tax bill). If you have deductions between you (like a shared mortgage or property taxes), you can divide the deduction any way that you both agree. Individual deductions (such as, one spouse donates to church but the other spouse does not attend) should be claimed individually.
September 9, 2025
2:36 PM
Fighting with spouse. I want to file separately, but spouse won't share their W2. What are my options?
September 9, 2025
2:26 PM
I found the solution. It's necessary to choose the option "All official forms required for filing", not "Tax Return only".
September 9, 2025
2:25 PM
I found the solution. It's necessary to choose "All official forms required for filing", not "Tax return only".
September 9, 2025
2:11 PM
Hi!! My father is a Spanish citizen residing in Spain and plans to help me buy a house in the US. He plans to loan me more than $100k, which I will pay back at no interest (Spanish Revenue Agency do...
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Hi!! My father is a Spanish citizen residing in Spain and plans to help me buy a house in the US. He plans to loan me more than $100k, which I will pay back at no interest (Spanish Revenue Agency does not tax zero interest family loans). It appears the Below-Market Loan rules (foregone interest at or above AFR) does not apply when the loan is from a foreign non-US persons but cannot find a lot of information on it. I am a US Citizen residing in the US. As the borrower, do I need to report this to the IRS and if so, what form would I use? Thank you.
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September 9, 2025
2:07 PM
A related question: I am a missionary in the US, and my ministry processes all my regular donations, which go through the normal tax process, and I am then paid as an employee (I get a W2). Occasio...
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A related question: I am a missionary in the US, and my ministry processes all my regular donations, which go through the normal tax process, and I am then paid as an employee (I get a W2). Occasionally, someone will give me a non-regular donation, by either handing me cash or a check. These are not compensation for any religious services (at least not to them). They simply like the work that I do. I always ask if they want it deductible for taxes, and if the answer is yes I send it in to the ministry to be recorded. If they state they are giving the money simply as a gift, does it need to be reported?
September 9, 2025
2:04 PM
5 Cheers
I SEE THEY REMOVED THE EMAIL ADDRESS OF THE CUSTOMER SERVICE PERSON. I received a phone call from TT about this issue of not being able to use Win 10, so email them and if they call you, tell them i...
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I SEE THEY REMOVED THE EMAIL ADDRESS OF THE CUSTOMER SERVICE PERSON. I received a phone call from TT about this issue of not being able to use Win 10, so email them and if they call you, tell them it's not reasonable to have to buy a new machine just to run their software. sarah underline kim at intuit dot com (maybe they won't remove this) -OR- Sasan underline Goodarzi at intuit dot com