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a month ago
No. You should not use Schedule E because it is not considered a rental business.
Since your son likely occupies the unit for the entire year at a below-market rate, you effectively have zero d...
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No. You should not use Schedule E because it is not considered a rental business.
Since your son likely occupies the unit for the entire year at a below-market rate, you effectively have zero days of "fair rental" use for tax purposes.
Instead, you should list the income as "Other Income". Unfortunately, you would not be able to offset your expenses this way.
Your other option is to charge a fair market rent so that you may then use Schedule E.
a month ago
My son was 16 for 10 months in 2025, he's disabled an jam 65 on SS 500 won't buy groceries for him for a month. We don't get any assistance from dhs. I was counting on that.
a month ago
I tried to file my own taxes for my son and I and they were rejected.
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a month ago
Sorry, no exceptions. That is from the tax code.
a month ago
You need your 2024 AGI to efile 2025. The AGI is on 2024 1040 or 1040SR line 11. If you filed a Joint return you use the same AGI for each spouse. How to find the AGI. https://ttlc.intuit.com/com...
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You need your 2024 AGI to efile 2025. The AGI is on 2024 1040 or 1040SR line 11. If you filed a Joint return you use the same AGI for each spouse. How to find the AGI. https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947 If you didn't file 2024 or filed it later in the year or mailed it, then try entering 0 for the AGI. If that doesn't work you will have to print and mail your return. How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/ 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 https://www.irs.gov/individuals/get-transcript Or request a transcript from the IRS https://www.irs.gov/individuals/get-transcript
a month ago
My taxes keep getting denied because I don’t know the exact amount of (adjusted gross income) my 2024 return. My husband filed married joint last year and all the money went to his account. We are sep...
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My taxes keep getting denied because I don’t know the exact amount of (adjusted gross income) my 2024 return. My husband filed married joint last year and all the money went to his account. We are separating and not on good terms now, so without directly asking him what was the amount, I’m trying to download the 2024 taxes myself. But it won’t let me see the download, just white space from smartphone and desktop. How can I access my 2024 taxes and my 1040 form to see how much was received so my 2025 taxes stop getting rejected?
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a month ago
Um my son was 16 for 10 months. In 2025. An he's disabled an I'm 65 on SS. 500 doesn't buy my son food for a month. There's no exseptions? I make less then 20 grand a year. I get no public assistance...
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Um my son was 16 for 10 months. In 2025. An he's disabled an I'm 65 on SS. 500 doesn't buy my son food for a month. There's no exseptions? I make less then 20 grand a year. I get no public assistance.
a month ago
1 Cheer
TurboTax is able to handle approximately 10,000 trades. Accuracy should not be affected.
Review the article below for additional details. Information is provided for both TurboTax Online and T...
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TurboTax is able to handle approximately 10,000 trades. Accuracy should not be affected.
Review the article below for additional details. Information is provided for both TurboTax Online and TurboTax Desktop.
How do I enter a large number of transactions into TurboTax?
Wash sales require recordkeeping on the part of the owners of the stock and should not be included with other transactions.
Wash sales cannot be combined into section totals. They should be entered individually so that you can track your cost basis and know when you are allowed to use the information on a final sale.
Wash Sale Rule Defined:
A wash sale occurs when an investor sells or trades a security at a loss, and within 30 days before or after, buys another one that is substantially similar.
It also happens if the individual sells the security at a loss, and their spouse or a company they control buys a substantially similar security within 30 days.
The wash-sale rule prevents taxpayers from deducting a capital loss on the sale against the capital gain of other stock.
Affect on Cost Basis:
The loss that occurs on a wash sale is added to the cost basis of the shares purchased that created the wash sale.
When all shares are sold and there is no repurchase, that increased cost basis will be used in full and used to determine gain or loss.
As long as you are tracking the wash sales and are not using them on the tax return when you are not allowed, then you can simply enter the same cost basis as the selling price. This will reconcile your tax return with your Form 1099-B Proceeds which is what the IRS is comparing.
Wash Sale ends:
The wash sale disallowed is not added to the net gain/loss rather it is adjusted and suspended so that it does not affect the total gain or loss for any pending wash sales. The rub is that the broker only knows when a wash sale occurs, not when a wash sale no longer exists. This can spill over between two tax years. Likewise you can have a wash sale during a tax year, and then fully dispose of the stock in the same year which would eliminate the wash sale rule for the final sale of the same stock.
It's up to you to know when you no longer have to consider the wash sale rule for a particular stock/investment.
Example:
X bought 5 shares of ZZZ stock, at $5 per share, then sold it for $3 per share, however immediately before the original 3 shares were sold, X bought another 5 shares at $5.00 per share.
$25 for the first block of shares
15 is the proceeds creating a $10 loss
The $10 loss is now added to the cost of the new shares for an overall cost basis of $35.
Once the second block of shares is sold (5 shares with cost basis of $30) without any repurchase with in the 60 day window (30 days before or 30 days after the sale), and if they are sold at a loss, then no wash sale exists on the sale, and a loss is allowed.
@sam992116
a month ago
1 Cheer
lol and good luck with the lawsuit. Microsoft no longer supports Win 10, Intuit has no obligation support it (or any OS for that matter). They made it clear here it's a business decision as they di...
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lol and good luck with the lawsuit. Microsoft no longer supports Win 10, Intuit has no obligation support it (or any OS for that matter). They made it clear here it's a business decision as they didn't see enough people using it. https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-software-end-of-life/05/3708302
a month ago
As of February 9th 2026 I am getting this error message when trying to amend my 2024 Federal taxes. Can you explain what is the issue and when it will be resolved Your transmission didn't go thro...
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As of February 9th 2026 I am getting this error message when trying to amend my 2024 Federal taxes. Can you explain what is the issue and when it will be resolved Your transmission didn't go through We could not e-file your return for the following reason: The Intuit Electronic Filing Center is closed for the 2024 Personal Income Tax filing season. November 15, 2025 was the last day to file returns electronically.
a month ago
Reject Code SA-F8936-030-01
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a month ago
1 Cheer
If your daughter/son received a 1099-NEC, she/he needs to file their own tax return. You will need to create a new account for them so they can file their tax return separately from you and your sp...
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If your daughter/son received a 1099-NEC, she/he needs to file their own tax return. You will need to create a new account for them so they can file their tax return separately from you and your spouse's return. You can still claim them as a dependent if they qualify, but their earned income should go on their own return. If you do claim them as a dependent on your return, make sure they mark the box that says Someone else can claim me as a dependent on their return.
Form 1099-NEC is considered self-employment earned income - so it has to go on their own return. When does a child file their own return?
a month ago
I have the same issue, is no one from Intuit on here?
a month ago
I Need help
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a month ago
@jzoom wrote: Merrill, for one, is missing. Call your Merrill FA or someone at client services. This appears to be a Merrill issue, in the case of Merrill Edge.
a month ago
The Y2025 turbotax has a bug and the experts are either not resolving the bug ir pretending they dont understand the question. I have several 1099R showing from Y24. I want to edit info in those 1099...
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The Y2025 turbotax has a bug and the experts are either not resolving the bug ir pretending they dont understand the question. I have several 1099R showing from Y24. I want to edit info in those 1099R. Deleting and adding creates extra work especially if you have multiple 1099Rs. Please look into the problem and tell me how to edit rather than delete and add. Otherwise, it is a shame on Turbotax part!
a month ago
Form 1099-B reports the transactions of sale of stock or redemption of bonds or mutual funds. The instructions for adding this required income to your tax return are shown next.
Enter the infor...
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Form 1099-B reports the transactions of sale of stock or redemption of bonds or mutual funds. The instructions for adding this required income to your tax return are shown next.
Enter the information in TurboTax by using the steps below.
Open your TurboTax Online return:
Select Tax Home on the left panel > Select any Income category or Pick up where you left off
Select Tax Tools > Tools > Select Topic Search > Type 1099b > Select GO (should be landed on 1099b)
Select Add Investments if your 1099-B is not yet present in your list
Continue to follow the prompts to enter the information yourself
Open your return in TurboTax Desktop:
Select Personal Income > Scroll to Investment Income > Select Stocks Cryptocurrency, Mutual Funds, Bonds, Other
Start or Update > Continue to follow the prompts to enter your 1099-B details
The sale of any investment is required to be included with your tax return, gain or loss. Information from the link below may be helpful
What is Form 1099-B: Proceeds from Broker Transactions?
@user17706799753
a month ago
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