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a month ago
Scheduled for January 21.
a month ago
The loan was in the builder's name, but we paid the intereset on the loan for four months before we purchased the home.
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a month ago
After January 21.
a month ago
My spouse received multiple 1042-S as a nonresident alien last year, 3 on 3-7-25 and 2 on 3-12-25. We are filing an amended 1040 for 2024 and need to know which realized capital gain to show: all of ...
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My spouse received multiple 1042-S as a nonresident alien last year, 3 on 3-7-25 and 2 on 3-12-25. We are filing an amended 1040 for 2024 and need to know which realized capital gain to show: all of the 5 amounts, or does the more recent 3-12-25 1042-S supersede the older 3-7-25 form? Also, according to the below, since she had no other income than investments, perhaps we don't need to show any investment capital gains? Thanks. f You Receive Form 1042-S, Does That Mean You Have U.S. Tax Obligations? "No, this does not trigger automatic U.S. filing requirements. As mentioned above, certain types of income received are passive in nature and are subject to a flat tax corresponding to the statutory 30% withholding. If that constitutes the entirety of your US-sourced income, you likely do not have a filing requirement, since IRS already has their money. "
a month ago
After you enter your W-2 any unreported Tips is entered. On the screen Let's check for other situations, check the box Tips not reported on my W-2. Tips reported to your employer should have been o...
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After you enter your W-2 any unreported Tips is entered. On the screen Let's check for other situations, check the box Tips not reported on my W-2. Tips reported to your employer should have been on your W-2 in box 7.
a month ago
@Mike9241
I think you are correct. What tripped me up was the title of the header "Giving property that has increased in value" (which used hearing aids do not do), and the first sentence which i...
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@Mike9241
I think you are correct. What tripped me up was the title of the header "Giving property that has increased in value" (which used hearing aids do not do), and the first sentence which is "giving property whose FMV is more than the basis" which is a similar but different concept.
@knowitall80
I agree that you can claim the FMV for the hearing aids if you have owned them more than one year, regardless of whether your spouse is alive or not.
My previous answer is still partly true, however. If your spouse has passed away, then your basis is equal to half or all of the FMV (depending on what state you live in) and you could claim that value even if it has been less than a year.
a month ago
1 Cheer
Everyone....Here's some posts I found about Transferring from 2024 into 2025 on Mac. This post got it to work a weird way…. https://ttlc.intuit.com/community/taxes/discussion/2025-turbo-tax-will-...
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Everyone....Here's some posts I found about Transferring from 2024 into 2025 on Mac. This post got it to work a weird way…. https://ttlc.intuit.com/community/taxes/discussion/2025-turbo-tax-will-not-import-my-information-from-my-2024-turbo-ta/01/3723096 "I was having the same issue and stumbled upon a workaround. I tried opening the 2024 return using the 2025 software. Then a dialogue box opened up offering to transfer the file and this actually worked." This user found he didn't hit the Begin button to start https://ttlc.intuit.com/community/taxes/discussion/transfer-information-from-previous-year-s-turbotax/01/3723027 Several ideas and fixes in this thread. https://ttlc.intuit.com/community/taxes/discussion/attempting-to-import-last-year-s-tax-return-but-turbotax-will-not-do-it-found-the-correct-file/00/3718897 Some posts I found said…. After the program said it successfully transferred the information, I would click through and then it didn't show anything. All the fields were blank. I tried multiple times. What finally seems to have worked is I chose to select a file from my computer, instead of the .tax file that automatically showed up to select. I just saw another post where someone said they kept "fiddling with it" so I exited out of 2025 TurboTax and back in again and then it worked....so I transferred it quick! I opened my 2024 tax file using TurboTax 2024. It notified me that there were updates necessary to the software. I allowed it to update TurboTex 2024 and open my last-year's file. Then I re-saved the file. I then quit TT2024, re-opened TT2025, and was able to transfer the data.
a month ago
I get this error when I select "Donations to Charity in 2025". Using Deluxe desktop version
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a month ago
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a month ago
Taxable Social Security benefit in 2024 - This is my question. Do I enter $16,632 or do I enter $0? It says enter zero if your social security benefits weren't taxable but not sure how to answer. ...
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Taxable Social Security benefit in 2024 - This is my question. Do I enter $16,632 or do I enter $0? It says enter zero if your social security benefits weren't taxable but not sure how to answer. TurboTax software wants you to enter the taxable Social Security benefit that was reported on the 2024 income tax return that has already been filed. If you had not received any Social Security benefit prior to the 2025 lump sum payment, you would report $0.
a month ago
The Form 1099-R section is estimated to be finalized and available in TurboTax on 01/21/2026
a month ago
After you enter your W-2 any unreported Tips is entered. On the screen Let's check for other situations, check the box Tips not reported on my W-2. Tips reported to your employer should have been o...
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After you enter your W-2 any unreported Tips is entered. On the screen Let's check for other situations, check the box Tips not reported on my W-2. Tips reported to your employer should have been on your W-2 in box 7.
a month ago
I’m in my home country right now ( Egypt ), I was just asking because it shows that the federal taxes refund are accepted by the IRS and they estimated the reimbursement would be on 02/06/2026 but it...
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I’m in my home country right now ( Egypt ), I was just asking because it shows that the federal taxes refund are accepted by the IRS and they estimated the reimbursement would be on 02/06/2026 but it still said pending on the Maine state tax refund and I thought it might be something wrong from my side.
a month ago
Will the update be available as suggested in earlier posts?
a month ago
Each year, TurboTax has to calculate your annual HSA contribution limit. The limit is not a hard-and-fast $4,300, but a dollar amount based on what type of HDHP coverage you have and the number of mo...
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Each year, TurboTax has to calculate your annual HSA contribution limit. The limit is not a hard-and-fast $4,300, but a dollar amount based on what type of HDHP coverage you have and the number of months you are covered, that can max out at $4,300 for Self-only coverage.
How many months did you have HDHP coverage? And which months were they? Did you see the question, "What type of HDHP coverage di you have on December 1, 2024?" (yes, really, 2024)? How did you answer it?
a month ago
If you've already submitted your tax return to the IRS, you will have to wait for it to be accepted or rejected before filling an amended tax return. In addition, the IRS hasn't started accepting 20...
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If you've already submitted your tax return to the IRS, you will have to wait for it to be accepted or rejected before filling an amended tax return. In addition, the IRS hasn't started accepting 2025 tax returns until Monday, January 26, 2026.
If you haven't filed your tax return, and want to start over:
Log back into TurboTax
Select an Item like Personal Info from the center listing
Then click on Preview/Edit or Continue
This will turn on the left side menu
In the bottom left choose Switch Products
Then select Clear and Start Over
a month ago
Try booting you device into safe mode with networking, then open TurboTax again and see if it will go through activation. This worked for me.
a month ago
what goes on a schedule 2
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