All Posts

You can't. According to the IRS, points paid to buy your main home are usually deductible in the year you paid them if you meet specific tests (e.g., the loan is secured by your main home, the points are a percentage of the loan, etc.).   Since you did not claim them in 2023, they must be amortized from the purchase date.

@crystalemspaeth , agreeing with my colleague @Vanessa A  for  her generally very complete response to your situation, I just wanted to : (a) you said in your post that you are "W-2 worker" for an entity in CA --- that is surprising because generally  your income is sourced where actual work is performed.  Or are you saying that this entity is withholding CA and federal taxes from your remuneration ?   That would be an error.   US entities can have "foreign" employees if they establish a "foreign Branch Office" in your country and then employ you under local laws. (b) Note that a US person ( citizen/GreenCard ) can take advantage of  Foreign earned Income Exclusion or Foreign Tax Credit to ameliorate  double taxation burden. (c) Which state do you have connection to ?  Where do you vote ? Is there more one of us can do for you ?

Has llegado a la seccion donde necesitas decidir como vas a enviar tu declaracion. El estado "Ready to file" significa que el programa ya termino los calculos y ahora solo falta que eliajs el metodo de envio.    Tienes la opcion de enviar la declaracion federal y la de New Jersey de dos maneras:   E-file (Transmision electronica), donde se envia directamente a traves de TurboTax. Esta es la opcion mas rapida y segura File by mail (Por correo postal), donde tendras que imprimir las formas, firmar y enviarlas por correo a las oficinas del IRS y el estado    Nota importante: Tipicamente es preferible elegir e-file porque es mas rapido y seguro.

The most effective fix is to manually delete the specific form causing the loop without deleting your entire Schedule C.    For TurboTax Online:   In the left-side menu, select Tax Tools, then click Tools. In the pop-up window, select Delete a form. Scroll through the list to find "Election to Amortize Startup Costs" or "Startup Cost Worksheet". Click Delete next to that form and confirm. Return to the Federal Review to see if the error is cleared.

Thank you for these detailed steps, which I scrupulously followed. I have yet to discover where the extra thousands are coming from - I have taken the full RMD from each individual account. That was planned months ago, is done, and recorded. There is an additional number in there -   OH, it's as if one of the RMDs has been added twice. The additional is the same amount as the second RMD, which is listed once with the correct. Darn it all to heck, Sharon  Gonna be the re-entry queen - this is my 3rd or 4th attempt to complete an error-free (to me) electronic tax form.

You would answer "yes" to that question unless you received the stock without purchasing it, such as if you inherited it, it was given to you as a gift, it was a crypto currency award, was mined crypto, was from a divorce settlement, was a return of capital for fractional shares, or was from a demutualization of a life insurance company. 

I have built a test case, in which I tried to duplicate your situation. To my surprise, I could not find a place in the interview (Step-by-Step) to require standard deduction for Maryland when then federal was itemized (I hope I got that right). I decided to go to the Maryland Info Worksheet, and in Part IV, line 4, I checked Yes over No - Yes says Maryland take the standard deduction even if less than itemized.   This gave an immediate result of reduced Maryland taxable income.    Then I went back to the Federal -> Done With Deductions -> Let's Check Deductions and Credits -> Retirement Income Results -> Here Are Your 2024 and 2025 Deductions and Credits -> Continue  screen. When I arrived here, even before I did anything, TurboTax did an override on my Maryland choice on the Info Worksheet, and set Maryland back to itemized anyway. Hmpf.   This is not what I thought you described, but it isn't right anyway, I don't think.   And I agree that the text at the bottom of the page says "Heads up, Maryland requires your state and federal deductions to match. Once you finish your state return and compare outcomes, you can come back and change your mind." Well, that doesn't seem right. (NOTE: it lists any states on your return for which the same principle applies. On my test return, that sentence added Oklahoma and Virginia since they also were both on the test return)   I will report this.