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6 hours ago
when genuine TurboTax disk is installed ihe default is to create its own folder under the C:\Users\Username\Documents folder. Also, the location it's saved is entered into the Windows registry so whe...
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when genuine TurboTax disk is installed ihe default is to create its own folder under the C:\Users\Username\Documents folder. Also, the location it's saved is entered into the Windows registry so when you reopen the app, it should show you the tax return no matter where you saved it.unless you move it outside of TurboTax.
Don't know about a "Takeout folder" unless you saved it there yourself. Are you using a legitimate version of TurboTax desktop? Many websites sell illegal versions.
6 hours ago
See this for contacting a tax expert - https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US
6 hours ago
6 hours ago
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6 hours ago
My TurboTax 2025 does not recognize the 2024 Turbo tax return file. Both years used Mac version desktop Deluxe. I am using the same computer used for the previous year. This has not previously happen...
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My TurboTax 2025 does not recognize the 2024 Turbo tax return file. Both years used Mac version desktop Deluxe. I am using the same computer used for the previous year. This has not previously happened over 10-15 years.
6 hours ago
This Community forum can address questions that are submitted in writing. If you want to contact an expert by phone, please check out How do I connect with a tax expert in TurboTax? with information...
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This Community forum can address questions that are submitted in writing. If you want to contact an expert by phone, please check out How do I connect with a tax expert in TurboTax? with information on how to do that
6 hours ago
Turbotax does not send letters to the IRS about its clients
either one of your family members is lying, or some unknown party sent it using your address.
6 hours ago
Since the FTB has already reached out, you are essentially correcting your filing. Here is how to handle it:
Complete Form 3853 first: If you had insurance all year, you'll simply check the "Ful...
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Since the FTB has already reached out, you are essentially correcting your filing. Here is how to handle it:
Complete Form 3853 first: If you had insurance all year, you'll simply check the "Full Year" box for everyone in your household. This usually brings the penalty to $0.
Update Form 540: Ensure the "Health care coverage" box is now checked (or the penalty line is correctly filled out based on your 3853 results).
Reply with the 3853 and revised 540:
If your notice has a DLN: You can use the FTB's Respond to Notice web portal.
If you have a MyFTB account: You can log in and send a secure message with the forms attached. If you don't have an account, it takes about a week to set up because they mail you a PIN for security
If the notice specifically says "Mail to...": Some specific audit or compliance codes still require the paper trail. If the notice doesn't mention an online option, mailing is the safest bet to ensure it gets processed. Include a copy of the notice and mail certified with a return receipt, no signature required. This is your proof, in case CA says they did not receive it. Which is why you never mail original forms.
6 hours ago
Ok. Thanks. Just so I’m clear on this, this means that I don’t have to claim either of these on my federal return as any type of taxable amount?
6 hours ago
I understand and followed the directions provided. Under "Other reportable income" I only had to identify it as NFL ticket sales. I entered the total amount gained; from reading about reporting NFL...
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I understand and followed the directions provided. Under "Other reportable income" I only had to identify it as NFL ticket sales. I entered the total amount gained; from reading about reporting NFL ticket sales it doesn't appear I can claim my losses, which surpass my gains. Is this correct? As far as how I entered the information in Other reportable income, does that appear correct? The reason I ask, on last years tax return, where I had the same situation and asked this question, the directions I was given for Turbo Tax had me file under Investments and Savings, the same heading is not in Turbo Tax 2025, complete a Form 8949. (In 2025 I guess Investment Income is close.) On 8949 I had to list each transaction, both losses and gains. I want to ensure that I am correctly filing my taxes.
6 hours ago
if they want to safeguard data integrity that is fine. But then they need to be consistent with this implementation. Specifically they should not provide check boxes after import showing all the form...
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if they want to safeguard data integrity that is fine. But then they need to be consistent with this implementation. Specifically they should not provide check boxes after import showing all the forms they found for that account. By providing check boxes, they are creating an illusion that you can bypass import of a form by unchecking the box (thereby preserving what you imported before). if they want to stick with current implementation, then they should just list all the forms they found for that particular user/account without checkboxes and then let the user know that all these forms (accounts) will be overwritten
6 hours ago
I'm replying to my own question. I discovered that I had incorrectly checked a box after the social security information was entered. The question was: Are you a U.S. citizen who lived abroad in on...
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I'm replying to my own question. I discovered that I had incorrectly checked a box after the social security information was entered. The question was: Are you a U.S. citizen who lived abroad in one of these countries? I had answered YES instead of NO. Problem solved!
6 hours ago
since they are over 19, to be classified as qualifying children for being dependents, they must be (these rules apply separately to each one)
1) full-time students - meaning enrolled full-time in...
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since they are over 19, to be classified as qualifying children for being dependents, they must be (these rules apply separately to each one)
1) full-time students - meaning enrolled full-time in school (but not online or correspondence schools) during any part of 5 calendar months during the year
2) their absence from your home must be temporary.
3) they cannot provide over 1/2 of their own support
Or regardless of age to be classified as a qualifying relative for being a dependent
1) teavh must have gross income of less than $5200. The money you provide then is not income
2) you must provide ober 50% of their support. (applies separately to each one)
6 hours ago
Thank you kindly for the reply. Unfortunately, not being a tax expert nor lawyer, much of the language is difficult to fully understand. Just using simple common-sense logic, one wonders why we have ...
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Thank you kindly for the reply. Unfortunately, not being a tax expert nor lawyer, much of the language is difficult to fully understand. Just using simple common-sense logic, one wonders why we have to pay the IRS 100% and immediately when we owe? But now that the IRS has funds my wife and I need to recover, that range from 7K to 22K, why does the IRS only permit a recovery of $100+, over 20 years? We will never see a full recovery of our money. And since we owe at year's end, why can't we apply that towards the amount we are recovering from the IRS? Where is that rule, that prevents a 100% immediate recovery, or a better rate of recovery, and for a shorter time period? And why not permit us to use that recovery sum, to apply towards our taxes owed? That just seems logical. Trying to find out if there is a way, and if not, why not? Again, much thanks. LB&SW-B
6 hours ago
This should not be taxable to New York - where are you seeing this show up on your New York IT-201 - is it on line 9 or 10? Are there other taxable amounts of 1099-R income that may be showing up on...
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This should not be taxable to New York - where are you seeing this show up on your New York IT-201 - is it on line 9 or 10? Are there other taxable amounts of 1099-R income that may be showing up on those lines? The amount of Federal Adjusted Gross Income on line 19 of IT-201 should match up with line 11b on your Federal 1040 return.
You could go back to your 1099-R for that Roth distribution and review your entries there:
Box 1 will have the total distribution and 2a should be blank or 0 and Box 7 is code Q
Owned any Roth IRA for Five Years? should be answered Yes (based on the code Q)
Roth IRA open in previous year should be Yes
Nothing else should have any bearing on it being taxable. Generally speaking, if this Roth distribution wasn't taxable on your Federal 1040, it wouldn't be added as a taxable item on your New York return. New York does have an Additions section on lines 20 to 24 on IT-201, but none of those lines relate to a Roth distribution.
If you have additional questions, please reply back with as much detail as possible about this situation as that will help us to better help you.
6 hours ago
Thanks for the reply. I filed my local taxes directly with the city and provided the correct info. All set there. I didn’t itemize any deductions so I think you’re right that it won’t impact my fed o...
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Thanks for the reply. I filed my local taxes directly with the city and provided the correct info. All set there. I didn’t itemize any deductions so I think you’re right that it won’t impact my fed or state.
6 hours ago
No, if the disabled person in employed, they can contribute more, but social security income does not qualify as employment income.
6 hours ago
Thank you! I will check this out. I was looking for the worksheets but wasn't successful at finding it before.
6 hours ago
The problem I’m having is that the refund calculator is not starting over at $0. It is starting at what I paid. Then when I update only the sections I need, the refund calculator decreases the amount...
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The problem I’m having is that the refund calculator is not starting over at $0. It is starting at what I paid. Then when I update only the sections I need, the refund calculator decreases the amount it says I owe, but once I finish editing all the sections I need and try to submit the refund calculator says I still owe money even though I paid the full amount last year and the refund calculator should so a refund amount that is owed back to me.
6 hours ago
Thank you so much for taking the time to respond. The way I worked around this issue in TTax is exactly how you suggested, that is I reduced the basis of Brick and Mortar portion of the property by...
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Thank you so much for taking the time to respond. The way I worked around this issue in TTax is exactly how you suggested, that is I reduced the basis of Brick and Mortar portion of the property by the amount that I am adding as a 7yr depreciable property, such that my overall cost basis remained equal to the purchase value - land value. Thank you for the heads up on the depreciation recapture. That recapture will attract ordinary income tax whether I use Sec179 or SDA , right ? thanks once again. Rakesh