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a month ago
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/m...
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Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
a month ago
That is a terrible outcome
a month ago
MY REFUND WAS LESS THAN I EXPECTED
https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594
There can be a numb...
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MY REFUND WAS LESS THAN I EXPECTED
https://ttlc.intuit.com/community/refunds/help/why-is-my-direct-deposited-refund-or-check-lower-than-the-amount-in-turbotax/00/25594
There can be a number of reasons why your refund was less than the amount you expected. First of all, look carefully at your actual tax returns. Next——check the IRS refund site https://www.irs.gov/refunds to see what the IRS says they issued for your refund. Sometimes the IRS reduces your refund. If the IRS reduced your refund they will send you a letter in several weeks.
There is sometimes confusion about the amount of refund to expect when users misinterpret the “summary” they saw in TurboTax. The amount of your refund is on your tax return. Federal refund is on line 35a on Form 1040 State tax forms are all different so we cannot tell you what line to look at on your state form. BUT it is important to actually LOOK at your tax return forms yourself and see the amounts of your tax refunds and/or tax due. A lot of confusion would be avoided by doing that.
Be aware also that your Federal refund and state refund do NOT come together. Federal and state tax returns are processed by two completely separate entities. There is no rule as to which one will come first,
It is also possible that your state reduced your refund for debts owed in your state—if the state reduced your state refund you will receive a letter from the state.
Did you choose to have TT fees deducted from your Federal refund? (Remember that if you did that, you also agreed to an extra refund processing fee of $40 or $45 in CA)
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
refund offset.
https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts
IRS Treasury Offset Program Call Center at 1-800-304-3107
https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts
https://ttlc.intuit.com/community/refunds/help/what-is-a-refund-offset/00/26301
Reduced Refund https://www.irs.gov/taxtopics/tc203
a month ago
Entering 0 worked. Thanks!
a month ago
If you are a US citizen or US permanent resident, you are required to report your worldwide income. Money given by your parents is not income.
But if you have no income either in Thailand or th...
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If you are a US citizen or US permanent resident, you are required to report your worldwide income. Money given by your parents is not income.
But if you have no income either in Thailand or the US (or your income is below the minimum filing requirement, you are not required to file a US tax return.
There is no reporting requirement for your US savings account.
a month ago
I downloaded TurboTax Deluxe on my iMac desktop. I am at the point on my federal return that is fixing errors. I can't get past the error message - Is this a digital asset (Y/N). I click the radio b...
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I downloaded TurboTax Deluxe on my iMac desktop. I am at the point on my federal return that is fixing errors. I can't get past the error message - Is this a digital asset (Y/N). I click the radio button that says NO but it won't let me advance beyond that point. I went back to the Capital Asset worksheet and entered No on each of the 94 lines and it still won't let me go beyond that point. How do I fix this so I can file my return?
a month ago
What is the status of your federal tax refund on the IRS website - https://www.irs.gov/refunds
a month ago
Good news! I was able to work through this using ChatGPT. Turns out that total prior year(s) depreciation of a sold vehicle cannot exceed the business use % of the vehicle for the FIRST year it ...
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Good news! I was able to work through this using ChatGPT. Turns out that total prior year(s) depreciation of a sold vehicle cannot exceed the business use % of the vehicle for the FIRST year it was placed in service. TurboTax, and any of the community forum topics here, did not explain this clearly, nor help me to determine what that was - I had to go to OpenAI to get the correct answers. In fact, TurboTax software directly led me on the wrong path to complete my taxes this year, asking me instead to calculate depreciation for all prior years and aggregate it.
a month ago
If you e-filed:
Banking information for direct deposit is wrong or closed
If you entered incorrect banking information for your refund, you can change it if your return is rejected. If it is acc...
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If you e-filed:
Banking information for direct deposit is wrong or closed
If you entered incorrect banking information for your refund, you can change it if your return is rejected. If it is accepted, however, it is too late to change it. The bank will reject the refund and send it back to the IRS.
https://www.taxpayeradvocate.irs.gov/news/tax-tips/direct-deposit-changes-for-2026-could-affect-how-and-when-you-get-your-refund/2026/01/
You may get this notice— a cp53a notice
https://www.irs.gov/individuals/understanding-your-cp53a-notice
If you take NO action—-the IRS will freeze your refund for at least six weeks and then mail you a check.
If your refund is sent back to the IRS—- make certain that the address you entered on your Form 1040 is correct. And…open all mail, even if it looks like junk mail.
a month ago
I am trying to find out if the income was treated as short term as the taxes would be significantly higher.
Topics:
a month ago
Eliminar planilla T-201
Topics:
a month ago
@DaveF1006 Double dipping? Actually, the effect on foreign tax credit of declaring the foreign house sale as a loss on 1116 is the exact opposite! If I declare $100K loss (as opposed to a $50K...
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@DaveF1006 Double dipping? Actually, the effect on foreign tax credit of declaring the foreign house sale as a loss on 1116 is the exact opposite! If I declare $100K loss (as opposed to a $50K gain) for the house sale on 1116, it wipes out not only the $15K foreign income tax but also the 1099-INT and 1099-DIV foreign taxes withheld, with a net credit of 0! I am not saying I want to report the foreign house sale as a loss on 1116. I think you are saying to go ahead and report it as a $50K income on 1116. 1116 does not carry over ANY information from 8949 (proceeds, expenses, or basis, profit, or loss). In fact reporting just the $50K proceeds as income and $15K taxes paid and skipping the expenses and loss on 1116 results in me being able to take ALL of the foreign taxes paid as credit. No carry forward, no need to claim the $15K as a deduction on Schedule A under 901(m). I just wanted to be double sure this is correct. Particularly since doing so results in the foreign house sale being reported as $50K ordinary income on 1116 (which is how the foreign country treated it), whereas foreign house sale being reported as a long term $100K capital loss ($50K - $150K) on 8949. This confusion in my mind is triggered by 1116 instructions which state "If you have foreign source qualified dividends or foreign source capital gains (including any foreign source capital gain distributions) or losses, you may be required to make certain adjustments to those amounts before taking them into account on line 1a (gross income) or line 5 (losses)." But I think you are saying the foreign house sale, for purposes of 1116, is ordinary income (as treated by the foreign country) so the above does not apply. Again, in light of the above, please let me know if I can go ahead and report the foreign house sale as a $50K income, $15K foreign taxes paid on 1116 and skip the expense and loss lines. Thanks again.
a month ago
1 Cheer
Just discussed with TT on line chat. Response is as follows: There is still a delay with regard to depreciation calculations in TurboTax Online, and based on my sources, it could be as late a...
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Just discussed with TT on line chat. Response is as follows: There is still a delay with regard to depreciation calculations in TurboTax Online, and based on my sources, it could be as late as February 27, 2026. A I just want to give you the best information I have so you can make a decision about which software you want to use to prepare your 2025 returns. This is unacceptable.
a month ago
do you have to claim money received from a parents death?
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a month ago
Topics:
a month ago
It’s a form for school I entered the address and state with the zip code but the state keeps switching to IN so it makes the zip code incorrect I’ve deleted and redone the form 5 times making sure I h...
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It’s a form for school I entered the address and state with the zip code but the state keeps switching to IN so it makes the zip code incorrect I’ve deleted and redone the form 5 times making sure I had the correct state but it doesn’t change anything
Topics:
a month ago
If the interest received from the saving account is the only income your received and it is less than the minimum filing requirement when filing as Single, you do not need to file a 2025 US federal i...
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If the interest received from the saving account is the only income your received and it is less than the minimum filing requirement when filing as Single, you do not need to file a 2025 US federal income tax return.
Cash received from your parents is not reported on a tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
a month ago
Only the IRS is in control.
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of informa...
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Only the IRS is in control.
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
To track your state refund:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh
.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act. Do not expect your refund before early March
https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US
Note: “Accepted” is not the same as “approved”. TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing. Only the IRS can approve of the refund, which is a later stage of processing. If the IRS approves your refund they will provide a date for the refund to be issued.
FROM THE IRS WHERE’S MY REFUND SITE:
https://www.irs.gov/wheres-my-refund
How it works
Where's My Refund shows your refund status:
Return Received – We received your return and are processing it.
Refund Approved – We approved your refund and are preparing to issue it by the date shown.
Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.