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31 seconds ago
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4m ago
I cannot find my 2024 tax return
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26m ago
Hi @pk , I still did not get a clear YES/NO on the question Will the capital gains generated by below will be taxable in USA (Federal) or NOT? -- stocks acquired while in USA as a resident Alien ...
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Hi @pk , I still did not get a clear YES/NO on the question Will the capital gains generated by below will be taxable in USA (Federal) or NOT? -- stocks acquired while in USA as a resident Alien --and SOLD while in INDIA and being a Non Resident Alien for USA Can you please help
35m ago
In 2021 the city I live in Newnan Ga had an EF4 tornado that caused the damage. Joe Biden approved a major federal disaster declaration for the Newnan area (Coweta County) and seven other Georgia cou...
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In 2021 the city I live in Newnan Ga had an EF4 tornado that caused the damage. Joe Biden approved a major federal disaster declaration for the Newnan area (Coweta County) and seven other Georgia counties following a powerful EF-4 tornado on March 26, 2021. This declaration provided public assistance for government and certain non-profit recovery efforts, but a separate request for individual assistance for residents was denied by FEMA. Does this mean I can write off the unrecoverable debt?
50m ago
@pk Thank you very much for the detailed clarification. It is greatly appreciated! What I was concerned about was that, because there was a one-year gap between her departure and the visa cancella...
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@pk Thank you very much for the detailed clarification. It is greatly appreciated! What I was concerned about was that, because there was a one-year gap between her departure and the visa cancellation, she might be treated as a resident alien living abroad until the day of cancellation, which would require her to file worldwide income for that portion of the year. If this is not the case, can I simply file MFS?
an hour ago
1 Cheer
Hi @Mike9241 We're looking into this for you. Check to see if there's an option to confirm your email in your inbox. Also let us know if this reply gave you a notification as well. We'll continue t...
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Hi @Mike9241 We're looking into this for you. Check to see if there's an option to confirm your email in your inbox. Also let us know if this reply gave you a notification as well. We'll continue to test options and a workaround for you, thanks for letting us know.
an hour ago
Join us right here on January 28th any time between 9:00am - 5:00pm Pacific Time for a special co-branding of our Ask the Experts event series. In partnership with MetLife Legal Plans, we'll be answ...
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Join us right here on January 28th any time between 9:00am - 5:00pm Pacific Time for a special co-branding of our Ask the Experts event series. In partnership with MetLife Legal Plans, we'll be answering any of your tax questions, such as life changes, employee stocks, investments, maximizing deductions & credits, lowering taxable income, as well as how these situations may impact your tax situation. Plus, we’ll talk about the new tax law changes for tax year 2025.
RSVP by clicking the “Yes” button on the right, then join us in the TurboTax Community forums to get live answers from Tax and Financial Experts. As a MetLife Legal Plans member, we’ve dedicated this day to help provide the confidence you need to file your taxes. Ask unlimited questions like:
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2 hours ago
No. Personal casualty and theft losses and personal legal fees were limited by the Tax Cuts and Jobs Act of 2017.
For tax years 2018 through 2025, an individual can deduct a personal casualty...
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No. Personal casualty and theft losses and personal legal fees were limited by the Tax Cuts and Jobs Act of 2017.
For tax years 2018 through 2025, an individual can deduct a personal casualty or theft loss (one not related to a business or profit-making activity) only if the loss is attributable to a federally declared disaster.
Damage from a hurricane, wildfire, or other disaster declared by the President under the Stafford Act would be deductible for example.
While losses from non-declared events like a personal car accident, house fire, or non-business theft would not be deductible.
Further only legal fees in discrimination or Whistleblower cases could be deductible.
[edited: 11/21/2025 1:59 PST]
2 hours ago
It depends. Since you mentioned married filing jointly both yours and your spouse's incomes together are considered when determining filing requirements. If you meet the tax filing requirements you...
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It depends. Since you mentioned married filing jointly both yours and your spouse's incomes together are considered when determining filing requirements. If you meet the tax filing requirements your income would include any income even if only $1 unless the income is specifically excluded by IRS rules. Game playing and/or hobby income is taxable income thus not excludable.
Generally you are required to file if your income exceeds the standard deduction for your filing status. For married filing jointly for tax year 2024 that is $29,200. For married filing separately, however, the threshold is $5.
Assuming you and your spouse together (or separately) meet the filing requirement you would include your hobby income in the "Miscellaneous income" topic using the "Hobby Income" item.
The $600 number you mention is the threshold for payers to report payments to non-employees on a form 1099-NEC or rent payments or prize/award payments, etc on a form 1099-Misc. Whether you receive one of these forms or not is not a determining factor for filing the income on your returns.
For more detailed information see Table 1, IRS Publication 501 here.
2 hours ago
2 Cheers
I just pulled up Turbotax Desktop 2024, followed by Turbotax Business Desktop 2024. Both last used in April 2025. Both went through fairly lengthy updates. Upon running the application, a popup appe...
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I just pulled up Turbotax Desktop 2024, followed by Turbotax Business Desktop 2024. Both last used in April 2025. Both went through fairly lengthy updates. Upon running the application, a popup appeared advising of the end of W10 support, and stating "This change doesn't affect TurboTax Desktop 2024 or prior versions", and advising that TT2025 and beyond will _not_ be supported. The advisory was dismissable, and I had no trouble opening the last returns submitted. JADP.
2 hours ago
Line 26was an amount more then allowed in 2022 when Intuit turbotax so now I received bill to be paid this November 26th. I am noy sure in 2 years of filing a senior with fix income has to pay $388 ...
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Line 26was an amount more then allowed in 2022 when Intuit turbotax so now I received bill to be paid this November 26th. I am noy sure in 2 years of filing a senior with fix income has to pay $388 or have daily penalties.
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2 hours ago
I was awarded a judgement against a contracting company for around $10,000 in 2023. The company abandoned my home repairs after they were paid that amount. I took them to court and won a judgment for...
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I was awarded a judgement against a contracting company for around $10,000 in 2023. The company abandoned my home repairs after they were paid that amount. I took them to court and won a judgment for the $10,000. The next step was to hire a collection firm to collect the debt. I have paid them nearly $1000 so far. They have sent discoveries and motion to compels and nothing is getting done. The collection firm wants more money to continue to collect. I wonder if I can even write this debt off or not on my personal taxes. If I can, what needs to be done to prove to the IRS that I have done all I can do to get the money back?
3 hours ago
@gjgogol <<Therefore, if you anticipate a low tax liability for the year you make the improvements, you might want to adjust your tax withholdings during the year to ensure you have enough tax l...
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@gjgogol <<Therefore, if you anticipate a low tax liability for the year you make the improvements, you might want to adjust your tax withholdings during the year to ensure you have enough tax liability to offset with the credit.>> Sorry, you are confusing things. The INCOME tax liability is the INCOME tax liability. It is line 22 of form 1040. Line 18 is the INCOME tax itself and lines 19-21 reduce the INCOME tax by any non-refundable credits. No matter how high or how low the tax withholdings are, the tax liability is not impacted. Withholdings begin on line 25. Now read the Help section again with that understanding. It is accurate. 😀 https://www.irs.gov/pub/irs-pdf/f1040.pdf
3 hours ago
You have to understand the difference between tax liability and tax owed. Your tax liability is what the IRS keeps at the end of the year, not counting penalties and self-employment tax. If you ha...
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You have to understand the difference between tax liability and tax owed. Your tax liability is what the IRS keeps at the end of the year, not counting penalties and self-employment tax. If you had $5000 of withholding and get a $1000 refund, your tax liability was $4000. If you have $3000 withholding and owe $1000 more when you file, your liability is still $4000.
A non-refundable credit can reduce your liability, which will either reduce the tax you owe or increase you refund. But it can't be refunded if you have no liability. In other words, if you had $5000 withholding and your liability without the credit is $4000, a credit can reduce your liability as low as zero, potentially resulting in a refund of up to the amount of your withholding. But even if you had a $10,000 credit, your liability can't go below zero. So $4000 of the credit would be applied against the $4000 liability, you would owe no tax, and get a full refund, but the other $6000 of the credit just vanishes. (Unless it is a credit that can carry over to the next year.)
3 hours ago
@m12345$$!!6 I read you post more closely. So you did get into 2024 without updating? Have you turned off updates? As soon as I install the Windows Desktop program and it updates the first time...
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@m12345$$!!6 I read you post more closely. So you did get into 2024 without updating? Have you turned off updates? As soon as I install the Windows Desktop program and it updates the first time then I go to Online-Updater Preferences and select Ask me before getting updates. Oh and see if you need any Windows 10 (TEN) system updates. Those can affect it too.
3 hours ago
1 Cheer
@user17636513862
If your spouse has zero days present in the US for 2025, has no US sourced income and has informed the USCIS/ IRS that her visa is to be cancelled, then I see no reason for her to...
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@user17636513862
If your spouse has zero days present in the US for 2025, has no US sourced income and has informed the USCIS/ IRS that her visa is to be cancelled, then I see no reason for her to file a US return. If you two do wish to file as MFJ, ( and her J-2 is not cancelled) then you can treat her as a resident but expose her world income to US taxation. ( Generally though that may require her to be temporarily absent from your tax-home).
Is there more I can do for you ?
3 hours ago
@m12345$$!!6 That should not affect running 2024 on Windows 10. What exactly is happening? If you can’t update your Windows program try doing a Manually update https://ttlc.intuit.com/com...
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@m12345$$!!6 That should not affect running 2024 on Windows 10. What exactly is happening? If you can’t update your Windows program try doing a Manually update https://ttlc.intuit.com/community/updating/help/manually-update-turbotax-for-windows-software-basic-deluxe-premier-home-business/00/26041
3 hours ago
@user5924704 thank you for your response.
The very correct way ( and assuming that this was an award of some kind from US sources and not funded by a foreign entity ) would be for you to file 1...
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@user5924704 thank you for your response.
The very correct way ( and assuming that this was an award of some kind from US sources and not funded by a foreign entity ) would be for you to file 1040-NR return recognizing the US sourced income, claiming Foreign Tax credit ( for taxes placed on this income by your tax-home country ( Japan).
Assuming that you were in US for less than 90 days, and if NO tax docs are issued to you by the disburser of the award, that you just recognize this income on your Japan taxes and ignore the US filing altogether --- this position/ possibility is based on the small amount of the award and the double taxation clause of the tax treaty between US and Japan.
As I said the pref. way is the first option.