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Using code "PJ" and marking the 2025 Box is the correct way to do it. Only the earnings should be included on your Form 1040 column b   @fastesthorse 
thanks - do you think this post down below is not correct?  (And to be clear I'm not talking federal deadline - I"m talking when turbotax servers won't accept/allow an efiled return).   https://ttl... See more...
thanks - do you think this post down below is not correct?  (And to be clear I'm not talking federal deadline - I"m talking when turbotax servers won't accept/allow an efiled return).   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/missed-october-17-deadline/L2heTnLIS_US_en_US   quote from that discussion-..."Yes, if you missed the October 15 tax extension deadline, you have until October 31 to file your return online in TurboTax, but it may be subject to late filing fees. After October 31, you can't start, finish, or e-file new returns in TurboTax Online. You'll need to use TurboTax Desktop and mail your return."
To RayG's point, I recall that the $10 state credit worked for extensions last year. Another case of Intuit exploiting an additional opportunity to increase the bottom line. It was gratifying to see ... See more...
To RayG's point, I recall that the $10 state credit worked for extensions last year. Another case of Intuit exploiting an additional opportunity to increase the bottom line. It was gratifying to see the groundswell of protest in 2015 from longtime users when Intuit removed Schedule C support from Turbotax deluxe. Intuit backed down when faced with the loss of a large number of customers and apologized - amazing.
I have an LLC with my husband, we both got payments from the LLC and of course we have the K1's from it.  do i have to file that money we received from the llc into our own personal taxes on sch C or... See more...
I have an LLC with my husband, we both got payments from the LLC and of course we have the K1's from it.  do i have to file that money we received from the llc into our own personal taxes on sch C or do i just file the k1 for me and my husband 2024. we r in Nevada my question is ,do i file sch C from the money we withdrew from llc and file k1 also in the personal tax return?
@pk, thanks for the response. (a) my husband and I are both US citizens and MFJ (b) Croatia is our tax home (c) our children are also citizens and they have only passive income, to be taxed at our... See more...
@pk, thanks for the response. (a) my husband and I are both US citizens and MFJ (b) Croatia is our tax home (c) our children are also citizens and they have only passive income, to be taxed at our rate. (d) we have both active and passive income.  The active is entirely excluded in forms 2555, the passive is around a few 100k. I always struggle since the TT questionnaires are not very well tailored to our tax situation (filing of 2555), but this year is particularly bad since the TT questionnaire is asking for information from forms we didn't file (e.g. schedule D)
It is complicated.  You didn't say how much the depreciation was (from the Standard Mileage Rate) or what the Fair Market Value (FMV) of the vehicle was when it was converted to business use, so let'... See more...
It is complicated.  You didn't say how much the depreciation was (from the Standard Mileage Rate) or what the Fair Market Value (FMV) of the vehicle was when it was converted to business use, so let's hypothetically say it was $450 of depreciation and a FMV of $10,000.   You start the calculations based on the purchase.   1,558/74,429 = 2.1% (for this example, I'll keep using the rounded 2.1%) $17,000 x 2.1% = $357 (purchase price of business portion of vehicle) $357 minus $450 of depreciation ... but Basis can't be below zero, so Adjusted Basis is $0 $8,000 x 2.1% = $168 Adjusted Basis of $0 with a Sale Price of $168 = $168 of gain. It is a gain, so we can stop the calculation there (see next bullet point if it was a loss).  Use $357 Purchase Price, $357 of Depreciation, and a Sales Price of $168. If that calculation had ended in a loss, then we would redo the calculations using the information from 2023 (FMV, miles since converted to business, etc.).  But that doesn't apply to your scenario. 
Collectibles are considered investments and subject to capital gains. Your income is your net proceeds less your cost basis and tax depends on how long you have had the asset. 
  1. U.S. citizen,  2. India - land plot sales. 3. Property aquired as gift, held as investment. 3. Tax witheld after sale - I am guessing TDS.   I also had other gains : 1. India bank deposit... See more...
  1. U.S. citizen,  2. India - land plot sales. 3. Property aquired as gift, held as investment. 3. Tax witheld after sale - I am guessing TDS.   I also had other gains : 1. India bank deposit interest , and TDS held on that interest 2. India Rental Income and TDS held on that income   So in form 1116 for the following lines Part I Line 1a - I included here Total of Land Sale price + Rental gross Income + Bank interest Line 2 - I included the Total of Land Cost price + Rental expenses In Par II I put in Rental  + Land + Interest Taxes withheld Then I let TurboTax calculate the rest.  Earlier years, I had used a tax attorney, and he had claimed similar land sale capital gain as capital gain distribution, and hence had a capital gain distribution deduction. Turbo tax did not do this. 1116 and 514 publications are pretty confusing,        
When you e-File with a 5-digit PIN or IP PIN, your return is presumed to be signed. There's no other way.   @mmbodajlo 
It used to work this way: Keep pressing CONTINUE and it will cycle through the Box Categories, eventually coming back to the next page of the category you're working on.  I don't know about TurboTa... See more...
It used to work this way: Keep pressing CONTINUE and it will cycle through the Box Categories, eventually coming back to the next page of the category you're working on.  I don't know about TurboTax 2024.   @Sanapala 
No where did I see an expiration date mentioned either.  TT showed the credit and told me filing my state would be $15, then ended up charging my credit card $25.  What number did you call to talk to... See more...
No where did I see an expiration date mentioned either.  TT showed the credit and told me filing my state would be $15, then ended up charging my credit card $25.  What number did you call to talk to TT?
If you are an individual, not a business employing sub-contractors, you do not file any  Form 1099.. Your contractor will not appreciate it.   @chris_tsg   
@Blackmalemd wrote: I need help to get 2023 tax done To complete and file a 2023 tax return using TurboTax you would need to purchase, download and install on a personal computer one of th... See more...
@Blackmalemd wrote: I need help to get 2023 tax done To complete and file a 2023 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2023 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/   A 2023 tax return can only be printed and mailed, it cannot be e-filed using TurboTax.
See this TurboTax support FAQ on how to update the information in your TurboTax account - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-status/update-turbotax-account-informatio... See more...
See this TurboTax support FAQ on how to update the information in your TurboTax account - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-status/update-turbotax-account-information/L0YoC0H31_US_en_US?uid=mgsgq42m
I ran into this with TurboTax 2024 on Mac.  I spent hours and hours with tech support who had no idea what this was and how to fix it.  They were reading the same forums I was and had me try a lot of... See more...
I ran into this with TurboTax 2024 on Mac.  I spent hours and hours with tech support who had no idea what this was and how to fix it.  They were reading the same forums I was and had me try a lot of things including full reinstall, browser flush, ...  A ton of unrelated things.   There is no "blocked payment" thing.   No one I spoke with knew anything about it.  They really are not knowledgeable and don't know what they are doing once there is a technical problem.  One of them even told me that my license (which I bought from them) was fraudulent!!!  I ended up filing Federal online since it did not require payment but a paper copy for the state at the last minute. However, there is a way to make the payment on the phone and get a code which you can then use without having to go to the payment screen.  Unfortunately, none of the 4 reps I spoke with had any ideas of how to do it.  Absolutely, the worst support.  You may have better luck.   Go to the "Help" menu in turbo tax,  Help -> Purchase by Phone -> State efile    Instructions there are good, you give them the serial number on the screen and they are supposed to give you an e-file confirmation code you write in the box and you should be all set after that.   Good luck getting someone knowledgeable.
Did you ever get your credit?  I just efiled mine today 10/15/25 and did NOT get my $10 credit either.
You can file Form 4952 and carry the interest forward to some future year with dividends and itemization on Schedule A.   @arihantkkothari