All Posts
a month ago
It's now a predominantly offshored business. At least the work that counts is.
a month ago
Topics:
a month ago
Here's the capital loss part, then I'll post the answer to the other question. You appear to be using Online TurboTax. Here's a navigation shortcut to get to the capital loss carryover section...
See more...
Here's the capital loss part, then I'll post the answer to the other question. You appear to be using Online TurboTax. Here's a navigation shortcut to get to the capital loss carryover section in Online TurboTax. Have your 2024 tax return handy to refer to when you go through this. With your 2025 return interview open, go to left menu column and choose TAX TOOLS, then TOOLS. In the Tools window choose the blue button TOPIC SEARCH. In the topic search line enter the phrase capital loss carryover without quotes. Make the selection in the results, and either double-click on it, or click GO. Next screen: "Do you have investment losses you couldn't claim last year?" Also watch the video you are presented there. Then continue answering the screens in that topic.
a month ago
It is the date you started receiving payments- the official start date for receiving annuity payments, marking the end of the accumulation phase.
See Annuity Start Date.
a month ago
When you use online TurboTax software you get one return per fee.
Each return needs its own email, account and user ID. If you use the same account and user ID for a second return, the second...
See more...
When you use online TurboTax software you get one return per fee.
Each return needs its own email, account and user ID. If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596
https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/
a month ago
It depends.
If the mortgage balance amount never went over $750k, then the interest is not limited. You can enter a balance of zero for the house that sold rather than what is listed. The numbers ...
See more...
It depends.
If the mortgage balance amount never went over $750k, then the interest is not limited. You can enter a balance of zero for the house that sold rather than what is listed. The numbers are for worksheets and do not go to the IRS.
If your mortgage balances did go over $750k at any time, usually owning both houses for a bit, you are limited.
You can compute it yourself, if you prefer and enter the zero for the sold house. The IRS will see that your mortgage interest is below the total and know it is limited.
You can check your forms in TurboTax to verify your information is correctly captured.
See About Publication 936, Home Mortgage Interest Deduction
a month ago
Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
a month ago
How do I get credit for my estimated federal and state taxes that I paid in 2025 and how do I enter my Capital gains loses carry over from last year?
Topics:
a month ago
Topics:
a month ago
1 Cheer
No, the only estimated payment that is automatically included on your tax return is an over-payment that is applied to the following year's estimated tax. To enter estimated tax payments you made:
...
See more...
No, the only estimated payment that is automatically included on your tax return is an over-payment that is applied to the following year's estimated tax. To enter estimated tax payments you made:
Go to Deductions & Credits
Scroll down to "Estimates an Other Taxes Paid" (you may need to click on the box with "Get more tax breatks" to expose the additional options)
Click on the "down arrow" to show options
Next to "Estimated Tax Payments" click on Start
Click on Start next to the type of Estimated or other tax you paid
a month ago
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
a month ago
Thank you for looking at it!😊 I'll log back in and check it again and let you know if I see anything does not make sense on this end.
a month ago
Is IRS E File cost money?
Topics:
a month ago
How do I enter each of the items I donated on multiple occasions to charitable facilities? Am I supposed to enter them separately? I have 13 pages of full of items donated.
a month ago
When I initially setup my 2025 return TurboTax did not have a now new checkbox, but caught it and it's worth a couple hundred bucks in my case. Really surprised that it did flag this as an error when ...
See more...
When I initially setup my 2025 return TurboTax did not have a now new checkbox, but caught it and it's worth a couple hundred bucks in my case. Really surprised that it did flag this as an error when I did the Federal and State review.... or is this part of the $29 expert review?
Topics:
a month ago
Topics:
a month ago
We'd love to help you complete your tax return, but need more information. Can you please clarify your question? What's this interest for?
a month ago
To remove the 1099-OID information from your tax return, take the following steps:
To remove it in TurboTax Online:
1. Go to Wages & Income
2. Scroll to Interest and Dividends
3. Select 1...
See more...
To remove the 1099-OID information from your tax return, take the following steps:
To remove it in TurboTax Online:
1. Go to Wages & Income
2. Scroll to Interest and Dividends
3. Select 1099-OID
4. Click Delete (trash can) next to the form
If this doesn't resolve the issue, review your 1099-INT entries to be sure you didn't accidentally enter an amount in a box related to OID, which can trigger the form.
a month ago
The taxes show on my 1099.
Topics: