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March 18, 2026
8:52 PM
I see, apologies for the confusion. Use the FX Rate on the day the loan was set up to calculate your basis.
March 18, 2026
8:51 PM
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March 18, 2026
8:51 PM
Hi, I’m currently trying to file my Canadian tax return using TurboTax, but I’m running into an issue with getting support. I worked in Canada last year from January to August and have my T4, but I ...
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Hi, I’m currently trying to file my Canadian tax return using TurboTax, but I’m running into an issue with getting support. I worked in Canada last year from January to August and have my T4, but I have since moved back to Mexico and no longer have a Canadian phone number. Because of this, I’m unable to schedule a call with a TurboTax expert, as the system seems to require a Canadian number. I would appreciate guidance on two things: How can I access support or speak with an expert without a Canadian phone number? Are there any specific steps I should follow in TurboTax for filing a departure return as someone who left Canada mid-year and is now a non-resident? Any help or direction would be greatly appreciated. Thank you!
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March 18, 2026
8:48 PM
Hello! For 2025, I can contribute up to $9550 to my HSA including catch-up. Through Oct 2025, my payroll deductions were $8000. My employer however transferred about $1800 more into my HSA account by...
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Hello! For 2025, I can contribute up to $9550 to my HSA including catch-up. Through Oct 2025, my payroll deductions were $8000. My employer however transferred about $1800 more into my HSA account by error even though they did not withhold that amount from my paychecks. I was planning on contributing the remaining $1550 myself but the HSA trustee is indicating that there is already an excess contribution of $250 to my account that I must withdraw before April 15th to avoid excise tax. The 5498-SA from the trustee would have the $9800 amount reported to the IRS. I understand that an employer can withdraw the erroneous contribution any time. So my conundrum is whether or not I should contribute the $1550 myself into a different HSA account in anticipation of my employer withdrawing the excess contribution. If I do contribute, is there a way to indicate to the IRS that there has been an erroneous contribution that must be returned to the employer. If I don't contribute and also proceed to withdraw the excess contribution of $250, and then later my former employer withdraws the erroneous contributions, I would have missed out on maxing out my contributions and miss the deduction. The twist here is that in Oct 2025 my former employer went out of business and I am unable to contact them anymore. Thanks.
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March 18, 2026
8:47 PM
@nelmaariah Another reason, did you have any Turbo Tax fees deducted from your refund? This year you can have the fees deducted from a state return, not just from federal. How to review y...
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@nelmaariah Another reason, did you have any Turbo Tax fees deducted from your refund? This year you can have the fees deducted from a state return, not just from federal. How to review your refund method after filing https://ttlc.intuit.com/turbotax-support/en-us/help-article/electronic-filing/review-federal-refund-method-chose-filing-turbotax/L2fCRojre_US_en_US
March 18, 2026
8:44 PM
Unfortunately - you are not answering the question posed - which is why are the answers that I provide in the easystep sequence not reflected in the forms?
March 18, 2026
8:42 PM
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March 18, 2026
8:40 PM
To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to Federal on left or at top (Personal for Home & Business) Deductions and...
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To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to Federal on left or at top (Personal for Home & Business) Deductions and Credits Then scroll way down to Estimates and Other Taxes Paid Estimates - click the Start or Update button For a state estimated payment made in Jan 2025 for the prior year, go to 2024 state estimated taxes paid in 2025. For Online: When you click in the left column tab for Deductions & Credits, it may take you to a page called "Your Tax Breaks. Lower on that same screen should be a button or link for "Add more tax breaks" or "Show more tax breaks" or similar wording. When clicked, then the screen should expand, and all the deduction topics are displayed including "Estimates and Other Taxes Paid." Then that topic can be expanded further to get the subtopic Estimated Tax Payments.
March 18, 2026
8:38 PM
1 Cheer
@AndrewA87 I just looked at my SSA-1099. Box 3 has Medicare Part B premiums deducted from your benefits $xxxx.xx But where is it asking you for it? You should have entered it on the sam...
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@AndrewA87 I just looked at my SSA-1099. Box 3 has Medicare Part B premiums deducted from your benefits $xxxx.xx But where is it asking you for it? You should have entered it on the same screen where you entered the SSA-1099.
March 18, 2026
8:38 PM
@ sametulaskarasu57 Putting Michigan aside for a moment, how did you file your Federal return? There might be even more you need to untangle. You have now mentioned that you spent 3 months i...
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@ sametulaskarasu57 Putting Michigan aside for a moment, how did you file your Federal return? There might be even more you need to untangle. You have now mentioned that you spent 3 months in Michigan in a Work and Travel program on a J-1 visa. Was that your only time spent in the USA? Did you file your Federal return using TurboTax on a regular Form 1040? TurboTax can only prepare returns for US citizens and "resident aliens for tax purposes." It cannot prepare Form 1040-NR for non-resident aliens. TurboTax has a partner Sprintax (one t) that can prepare Form 1040-NR. So first it needs to be determined if you are considered a "non-resident alien." I'm not a tax person, but when you respond with the additional information, tax expert @ AmyC will probably be able to assist in that regard.
March 18, 2026
8:36 PM
where do i record taxes paid thru irs direct pay (not extension related) during the year
March 18, 2026
8:32 PM
Each year, I pay about $1,000 in self-employment tax for what are essentially royalties from comedy /spoken word albums that I recorded over 20 years ago, but still generate income from SoundExchange...
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Each year, I pay about $1,000 in self-employment tax for what are essentially royalties from comedy /spoken word albums that I recorded over 20 years ago, but still generate income from SoundExchange (Pandora radio and Sirius/XM airplay) and income from a distributor (Tunecore) that collects revenue from sites like Amazon and iTunes. Both send me 1099-MISC tax forms at the end of the year. However, according to Google, "Royalties are subject to self-employment tax only if they are earned as part of an active trade or business. If your royalties are business income, you report them on Schedule C and pay self-employment tax. If they are considered passive investment income—such as royalties from property you own but did not create yourself—they are typically reported on Schedule E and are not subject to self-employment tax." Am I considered running an 'active business'? I really don't do anything other than sit around and watch the income come in.
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March 18, 2026
8:28 PM
@user17738881255 You seem to be missing an important piece. The Receiving Bank is YOUR personal bank account. Apparently your bank couldn't find your account to deposit it or your name wasn't on ...
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@user17738881255 You seem to be missing an important piece. The Receiving Bank is YOUR personal bank account. Apparently your bank couldn't find your account to deposit it or your name wasn't on the account. So they sent it back to Cross River bank who then sent it back to the IRS. Call your bank and double check the routing number and account number you entered into your return. Banks have a special routing number for ach, etc. You might have to call your bank and ask them for it. If you used Bank of America there are five routing numbers that the bank does not use for electronic transactions. If you're seeing the following message "We noticed that you entered a routing number that your bank does not use for direct deposit or direct debit.", then you've entered one of those five numbers. You will need to contact the bank for the correct direct deposit routing number that they also refer to as their ACH routing number. How to review your refund method after filing https://ttlc.intuit.com/community/refunds/help/how-do-i-review-the-federal-refund-method-i-chose-after-filing-with-turbotax-online/00/27417
March 18, 2026
8:27 PM
I have a job where most of the pay is tips, all of which come in my paycheck and are on my W2. Overtime premium is not listed on the W2, but I have that information on my year end pay stub. When ...
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I have a job where most of the pay is tips, all of which come in my paycheck and are on my W2. Overtime premium is not listed on the W2, but I have that information on my year end pay stub. When I try to enter this into Turbo Tax, I get an error: "Manually entered overtime should not be greater than one-third of W-2 Box 1 (Wages) minus W-2 Box 7 (Social Security tips)" The problem is, the box 1 has my total wages+tips MINUS what I put into my 401k, so that number is actually lower than what is in box 7. Box 5 is what actually has my gross wages+tips. Is this a bug in the software or did my employer fill out the W2 incorrectly? Is there any workaround?
March 18, 2026
8:22 PM
I need to get a copy. I am stuck in a loop. It keeps asking to download my State LLC forms. This is getting ridiculous.
March 18, 2026
8:20 PM
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March 18, 2026
8:19 PM
This is what Turbo tax is doing. Stealing!!!! First, I have come across publicly available information across multiple platforms indicating that refund delays may be associated with funds being held...
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This is what Turbo tax is doing. Stealing!!!! First, I have come across publicly available information across multiple platforms indicating that refund delays may be associated with funds being held for accrued interest. Given the current lack of transparency in my case, I am requesting clarification as to whether my funds are being held for any such purpose. Second, your explanation regarding the movement of my refund does not make sense. You stated that the receiving bank, Cross River Bank, rejected the refund, and that the funds were then returned to that same bank before being sent back to the IRS for reissuance as a paper check. Turbo tax, Intuit Inc, has received my IRS refund and is refusing to release it. Claiming that it was rejected by their receiving bank and the funds are being sent back to the IRS. However, they still manage to withdraw the tax preparations fees from the funds that were rejected. Turbo tax stated that the refund was rejected by the receiving bank, Cross River Bank, which would indicate that the funds were never successfully received or deposited However, if the funds were in fact rejected and never received, please explain how TurboTax Intuit was able to withdraw and process payment for my tax preparation fees from that same refund. This raises a critical question: If the funds were rejected and not received by the bank, how were fees successfully deducted from the refund? If Cross River Bank rejected the refund, how are the funds then routed back to that same bank? What specific process allows a bank that rejected a deposit to subsequently receive and transmit those same funds? Below you will find the email response from Turbo Tax Intuit, Inc., Office of the president of Intuit. Hello P I am emailing you from TurboTax Customer Care on behalf of Intuit's Office of the President. Thank you for taking the time to speak with me today. I am glad we were able to discuss your concerns. As a recap of your call, you expressed significant frustration after multiple interactions with representatives from TurboTax and Cross River Bank. You requested a clear timeline for when your refund would be deposited into your account. I advised that, unfortunately, there is no definitive timeline for the completion of this process. However, I mentioned that I would continue to research additional details and provide further updates regarding the resolution. After reviewing the situation and speaking to my colleagues, we have found that when a refund is rejected by the receiving bank, it is returned to the third-party bank (Cross River), which then sends the funds back to the Internal Revenue Service. From there, the IRS typically issues a paper check to the mailing address listed on the tax return. When a check is reissued on a case-by-case basis, it is mailed via USPS. Please note that tracking numbers are not provided for these checks. Delivery typically takes 10–14 business days, though the exact timeframe may vary depending on the your local mail carrier and regional mail processing times. After determining this information and getting a final explanation, we will be closing this case. If you have any future questions or concerns, visit https://www.intuit.com/support. We have resources, frequently asked questions, and experts standing by to help. Thank you for being an Intuit customer. Respectfully, Desiree' C. TurboTax Customer Care
March 18, 2026
8:18 PM
You can depreciate your rental property over 27.5 years by navigating to the rental property section and selecting add an asset to claim depreciation. Here's how to do this in TurboTax Online: ...
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You can depreciate your rental property over 27.5 years by navigating to the rental property section and selecting add an asset to claim depreciation. Here's how to do this in TurboTax Online: Navigate to Federal > Income > Wages & Income Summary > Rentals, Royalties, and Farm > Rental Properties and Royalties (Sch E) Edit the rental using the pencil icon, or create a rental if not yet started. Choose add expense or asset, chooses Rental property in the list of asset options, then continue. Now, navigate to Assets in the expense list, choose the pencil icon next to Rental property. Choose Add to add assets. Enter information about the property, selecting Rental real estate property form the dropdown in the box titled Select an asset category. This selection depreciates the property over 27.5 years. Here is some information you may find helpful: Rental Real Estate and Taxes
March 18, 2026
8:18 PM
be sure that for each of you, use the adjusted gross income from your separate 2024 returns. Not the dummy 2024 return which the IRS never got.
March 18, 2026
8:14 PM
There are issues.
1) The 2024 K-1 should go on your 2024 1040 but that 2025 date creates issues with a potential mismatch. It should have been issued on a 2024 K-1. Of course, if part III is all ze...
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There are issues.
1) The 2024 K-1 should go on your 2024 1040 but that 2025 date creates issues with a potential mismatch. It should have been issued on a 2024 K-1. Of course, if part III is all zeroes, there's nothing to enter
3) Turbotax does not calculate basis. However, it would be the cash you put in + income - losses - deductions - credits - distributions (other than liquidating distributions) for all the years it existed. That info might be in section L of the K-1, except that liquidating distributions would be included on the line for withdrawals and distributions.
then you enter in the disposition section of the 2025 K-1, that it was sold
If you received the property in liquidation of your interest (you apparently did), your basis in the distributed property (the sales price) is equal to the adjusted basis of your partnership interest reduced by any cash distributed in the same transaction. Using the information provided by the partnership and your own records, complete a Form 7217 for each date on which you receive a liquidating or non-liquidating distribution of property from the partnership. Attach the Form(s) 7217 to your income tax return. Thus, you will have no capital gain or loss upon the partnership termination. If and when you sell the distributed property, you will have a capital gain or loss measured by the difference between its selling price and its basis. Form 7217 is not included with TurboTax; you'll have to prepare it manually and then mail in your return.
Forn 7217