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a month ago
Use the deceased person's info/ID when filing a return for them, and indicate they're deceased and the date. TurboTax will have a checkbox asking if you're preparing this return for a deceased perso...
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Use the deceased person's info/ID when filing a return for them, and indicate they're deceased and the date. TurboTax will have a checkbox asking if you're preparing this return for a deceased person.
An ID is not required for filing a Federal return, but if their state requires one and their ID is expired, you can use the ID of the person filing.
Here's more info on ID For Deceased Person Tax Filing.
Sorry for your loss.
@user17706002470
a month ago
Trust me when I say, I have spent HOURS on this page so far trying every combination of checked boxes that I can, and none of them will get me where I need. All I ever get at the end of my attempts i...
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Trust me when I say, I have spent HOURS on this page so far trying every combination of checked boxes that I can, and none of them will get me where I need. All I ever get at the end of my attempts is: "It turns out you don't qualify for these credits."
a month ago
Because the file shows up as empty, unzip it on your computer, or try clearing out your browser's cache and cookies. At times the PDF may not load correctly due to browser issues.
Follow the l...
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Because the file shows up as empty, unzip it on your computer, or try clearing out your browser's cache and cookies. At times the PDF may not load correctly due to browser issues.
Follow the links below for more detailed instructions:
How do I delete cookies
How to clear your cache
Then,
Go back to your TurboTax account. Use the same information from that year.
Select "Your tax returns & documents" on the Tax Home screen.
Select Download/print return (PDF).
In the next link you will find all the necessary information:
How to view/download prior year return
a month ago
1 Cheer
Usually no. The 1099-R is a strictly American tax form. UK pension providers (like Nest, Aviva, or the DWP for State Pensions) use their own reporting systems (like the P60) which do not translate di...
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Usually no. The 1099-R is a strictly American tax form. UK pension providers (like Nest, Aviva, or the DWP for State Pensions) use their own reporting systems (like the P60) which do not translate directly to US tax forms. The only exception might be if you worked for an American company, the company recognizes you are now a US citizen, and you request a 1099R to be sent to you.
Since you do need to report your worldwide income. Here is how to report in TurboTax.
Go to Wages & Income > Less Common Income > Miscellaneous Income.
Select Other Reportable Income.
Description: "UK Pension" or "UK State Pension."
Amount: The total amount received, converted to US Dollars using the average annual exchange rate.
Now let me give you a warning. If your combined foreign accounts (including the balance of your UK pension) exceeded $10,000 at any point in the year, you must file an FBAR (FinCEN Form 114). This is a separate filing from your tax return and carries heavy penalties if missed. You can file that here.
Addtionally, If your UK accounts, including pensions, have more than $50,000 filing Single, or $100,000 married filing Jointly, you need to file Form 8938 in your tax return. This is generated by:
Sign in to TurboTax Online and open your return.
Click on the "Other Tax Situations" tab in the top menu (or on the left side, depending on your view).
Scroll down to the "Other Tax Forms" section.
Look for "Prepare a report on foreign financial assets" and click Start or Revisit.
a month ago
The OP received a 1099-Misc. Turbo tax does not gove an option to decuct gambling losses from this form as they would a w2-g
a month ago
The value of clothing, books, etc. can be found using various methods. For examples see the links below for a guide to assist.
Salvation Army Donation Value Guide
Valuation Guide for Goodwill...
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The value of clothing, books, etc. can be found using various methods. For examples see the links below for a guide to assist.
Salvation Army Donation Value Guide
Valuation Guide for Goodwill Donors
Any reasonable method will be appropriate, just keep the details with your tax records should you need it later.
@jdsdmo
a month ago
If you received a K-1and the K-1 schedule contains errors, you should reach out to the issuer of the K-1 (the company reporting the K-1).
a month ago
I've long assumed that even though I do all my self-employment work in one bedroom of my apartment and the room isn't used for any other purpose, I still can't take the home office deduction because ...
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I've long assumed that even though I do all my self-employment work in one bedroom of my apartment and the room isn't used for any other purpose, I still can't take the home office deduction because I use my computer for both work and personal matters. I recently read that I can use the percentage that I use my computer for work as the basis for the home office deduction. Is that correct? If so, how do I figure it: (A) Multiply the office area (25% of the apartment) by the percentage I use the computer for work (call it 80%) to get a deduction of 20% of my rent; or (B) Multiply the amount I use the computer for work times the cost of the computer, ignoring the room, which I guess would come to $0 because I bought the computer 5 years ago; or something else?
a month ago
I am at the understanding that a reasonable excuse for contesting late fees and interest is that it is an unforeseen circumstance. In my case, I have ALWAYS, for over a decade, received a refund and...
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I am at the understanding that a reasonable excuse for contesting late fees and interest is that it is an unforeseen circumstance. In my case, I have ALWAYS, for over a decade, received a refund and did not think I needed to pay anything on April 15th when I filed for an extension. When I finally finished my taxes in early October, I discovered that I owed for 2024. So, I just paid the amount ($8.8k), assuming this would probably generate paperwork from the IRS to follow up on late fees and penalties, where I could contest it under the unexpected rule. I set up electronic filing and payment through TurboTax. BUT, there was a problem with the TurboTax software. TurboTax kept saying there was a problem with my electronic return. After days of not finiding resolve with tech support before October 15th, a TurboTax support person told me to print out my return and mail it in. I did this and included a $8.8k payment via mail. Weeks later, I got a $8.2k check in the mail from the IRS with no other paperwork included. I checked the IRS site online and learned that along with my mailed payment, Turbotax eventually also sent in my electronic payment and my total payment was 2x $8.8k! Good thing I had the money in the account to absorb the double payment. Now I have to try to get my $600 back, and I'm feeling at a disadvantage because they already have my money. Sorry for the long story, but I am looking through the IRS website and getting ready to contact the IRS for the proper process. Any Advice or direction from the forum is appreciated. Thank you in advance.
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a month ago
The program is telling me "be ready by February" but I have nothing yet on 02/08/2025
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a month ago
If you have already filed your tax return, follow the guidance provided by xmasbaby0.
If you are still working on your tax return and have not yet submitted it to the IRS and state tax authorit...
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If you have already filed your tax return, follow the guidance provided by xmasbaby0.
If you are still working on your tax return and have not yet submitted it to the IRS and state tax authorities, you can clear your tax return by following these steps:
TurboTax Online
1. Select Tax Tools from menu on left side of screen
2. Select Tools
3. Select Clear & Start Over
4. Select Yes to confirm
TurboTax Mobile App
1.From the Home screen, select More from the bottom menu
2. Select Clear & Start Over
3. Select I want to clear my data to confirm
See this TurboTax article for the steps listed above.
a month ago
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a month ago
I have the same issue, can't delete the form 5329-T, can't find a 1099-R, I don't have an IRA or any retirement fund.
a month ago
I am so confused. I am under the standard deduction but I saw another post that said you could go into the steps below to offset the losses. This is insane that I have to be pay taxes on money I neve...
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I am so confused. I am under the standard deduction but I saw another post that said you could go into the steps below to offset the losses. This is insane that I have to be pay taxes on money I never made and actually lost in the end. Please provide insight on below from another article I found on here: "you will enter the gambling winnings so that you can also enter the losses. You will enter the 1099-MISC so that it matches what the the IRS has on file. You will enter a NEGATIVE 1099-MISC to negate the double reporting. Go to Wage & Income Less Common Income Prizes, Awards, and Gambling Winnings It first asks if you have a W-2G, select No. Next, enter the amount won from the 1099-MISC Continue and enter the amount of losses on the following screen. Click Done Enter the 1099-MISC as it is reported. Wages & Income 1099-MISC and Other Common Income Income from 1099-MISC START or UPDATE Next, enter a negative adjustment Wages & Income Less Common Income Miscellaneous Income, 1099-A, 1099-C START Scroll down to "Other reportable income" START Type "Gambling reported twice" or something similar that will let the IRS know what you are doing Enter the same total amount of the 1099-MISC to zero it our (enter as a negative number) Click DONE The total winnings will be on Schedule 1 line b2 and carried to line b4 The 1099-MISC will be on line z2b The adjustment is on line z12 The amount from Schedule 1 flows to Form 1040 line 8"
a month ago
1 Cheer
Follow these steps:
Open your return to wages / personal income
Scroll down to unemployment
Locate Unemployment and Paid Family Leave, start
Did you receive benefits? select yes
From...
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Follow these steps:
Open your return to wages / personal income
Scroll down to unemployment
Locate Unemployment and Paid Family Leave, start
Did you receive benefits? select yes
From where? government
repay unemployment benefits? no
enter the 1099-G
a month ago
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work ...
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To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimates, click on the start or update button
a month ago
The help area shows how to find it but choice they tell you to take is not listed.
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a month ago
While the IRS states these types of refunds will not be released until March 3rd, verified users have received returns early per the TT database. These results are not guaranteed, just as our 5 day e...
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While the IRS states these types of refunds will not be released until March 3rd, verified users have received returns early per the TT database. These results are not guaranteed, just as our 5 day early deposit is not guaranteed. i fixed it for you 🏄♀️
a month ago
Although can enter the data manually in the state form, all the address information from the federal form 1065 Schedule K -1 worksheet is not being transferred to the state IL-1065 Schedule B form. ...
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Although can enter the data manually in the state form, all the address information from the federal form 1065 Schedule K -1 worksheet is not being transferred to the state IL-1065 Schedule B form. The 'Address' line on the federal K-1 worksheet does get transferred to the 'Address 1' line on IL-1065 Schedule B, but the address '2nd Line' on the federal K-1 worksheet is not being transferred to the 'Address 2' line on IL-1065 Schedule B. If only 1 or 2 members affected can be easily caught and manually corrected, but if several members might not be readily notice and manually corrected for all.
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a month ago
getting error when transmitting and it says "Tax Year 2025 transmissions are not available..TurboTax Business is not ready to process Tax Year 2025 for this return."
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