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yesterday
I also bought my tax software from costco. I opened it today and it wants to ask me where I live and irrelevant stuff already on my return. I am a bit confused as to where I am supposed to Amend fro...
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I also bought my tax software from costco. I opened it today and it wants to ask me where I live and irrelevant stuff already on my return. I am a bit confused as to where I am supposed to Amend from and when I can?
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yesterday
forgot add tsp withdrawal
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yesterday
All figures are approximately rounded numbers for simple mental math: Parents' home sold after Mother's death 2025 Father passed away 2015 house was owned 50/50% each house has licensed appraisal...
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All figures are approximately rounded numbers for simple mental math: Parents' home sold after Mother's death 2025 Father passed away 2015 house was owned 50/50% each house has licensed appraisal for date of death for each parent. filling out Father's trust return for 2025 Had 25,000 of dividend income Distributed 25,000 of income Entered house sale price and cost basis appropriately had a $100,000 gain on sale. Turbo tax taxing it the house gain at the regular trust income rates (est 40%, calculates $40,000 taxes due) Should not the house sale be taxed at the capital gains tax rate of max 20% (est $20,000 due?) Thank you
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yesterday
Sorry you can only combine the RMD from IRA accounts. You need to take each 401K RMD separately. And you might have needed to start taking the RMDs when you turned 73. @dmertz
yesterday
2 Cheers
02/26/26 I have access to the form however, form 5695 is not calculating the energy credit correctly. Specifically, lines 29a thru 29h. Is there an update planned to correct the error in calculation?
yesterday
My activation problem has been going on for two weeks prior to 02/26/26. Support staff tries to help with screen share, but the problem remains.
yesterday
The withdrawal from the one account should cover the requirements but is RMD calculated on a per account basis?
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yesterday
bulk review what is it
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yesterday
The tech support phone is [phone number removed]
yesterday
Use zero or choose the answer that says you did not file a 2024 tax return.
yesterday
Make your selection from the options on the far left side of this screen---choose from the "do it yourself" versions.
ONLINE 2025
https://turbotax.intuit.com/personal-taxes/online/
And just...
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Make your selection from the options on the far left side of this screen---choose from the "do it yourself" versions.
ONLINE 2025
https://turbotax.intuit.com/personal-taxes/online/
And just so you know—online prices go up in March—Pay your fee before then to lock in the discount
yesterday
Thanks. In my case, the installation of heat pump was not part of home construction. This was in existing home (not new construction).
yesterday
I agree with the February 27th issue. Schwab actually posted on the website that forms may not be available until on or before February 27th. That's what we get for trying to do our taxes early LOL. ...
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I agree with the February 27th issue. Schwab actually posted on the website that forms may not be available until on or before February 27th. That's what we get for trying to do our taxes early LOL. I did work yesterday using Edge browser and setting the "allow IE mode" from default to allow.
yesterday
I want file my own taxes
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yesterday
I want file my own taxes
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yesterday
I am being asked for my 2024 AGI but i was not 18 and did not file taxes in 2024
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yesterday
Try clearing your cache and deleting your cookies. This usually resolves looping errors.
yesterday
Any version of TurboTax will automatically give you the senior deduction if you are 65 or older.
The “senior deduction” is added automatically by the software based on the date of birth and fi...
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Any version of TurboTax will automatically give you the senior deduction if you are 65 or older.
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
The deduction is not on the same line as your standard deduction. It is shown separately.on line 13b.
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
(The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
Need to see it?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
If you are not getting the senior deduction it is because
Your date of birth in MY INFO shows that you were not 65 by the end of 2025
Your income is too high
You are filing married filing separately
@Ten8mom
yesterday
If you are receiving the Earned Income Tax Credit or Additional Child Tax Credit, your refund may take longer to receive. The IRS website states that if you claimed the Earned Income Tax Credit (EITC...
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If you are receiving the Earned Income Tax Credit or Additional Child Tax Credit, your refund may take longer to receive. The IRS website states that if you claimed the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), you can expect to get your refund by March 2, 2026, if you:
E-file
Get direct deposit
There’s no issues with your return.
Refer to the IRS website: When to expect your refund if you claimed the Earned Income Tax Credit or Additional Child Tax Credit.
If you aren't receiving those credits and your refund is taking more than 21 days, you can contact the IRS for individual returns at 800-829-1040.
Refer to the TurboTax article What if my federal refund is taking longer than 21 days? For more information.
yesterday
That reply makes complete sense! I totally remember that screen about from years past. Thank you very much for taking the time to post that response!