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Wednesday
yes, as crazy as a drunken loon. they rewrote the interface for many items in the 2024 versions for which I give them an F-. shouldn't have changed. oh well, we'll have to see if they further muck ...
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yes, as crazy as a drunken loon. they rewrote the interface for many items in the 2024 versions for which I give them an F-. shouldn't have changed. oh well, we'll have to see if they further muck up the app for 2025 and I'm not even referring to W11.
Wednesday
Hi @klventurini24 Did you see the information on the rejection code? View this article to find the related rejection code. Depending on the code, you may need to print and mail.
Wednesday
I wasn't answering your question about AZ. All I know is after you enter it on the federal side you need to click on the State tab to start state over and go though the state screens again for stat...
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I wasn't answering your question about AZ. All I know is after you enter it on the federal side you need to click on the State tab to start state over and go though the state screens again for state to update, which it sounds like you did. So I can't help you with AZ.
Wednesday
Yes. It did. I have to say it is a crazy way to input an investment write off. Thank you for your help.
Wednesday
I am using desktop version, and created a brand new tax return. So my real 2024 return is safe. So are you saying 1,.000 state refund must have shown with what I did and I don't have to do anythi...
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I am using desktop version, and created a brand new tax return. So my real 2024 return is safe. So are you saying 1,.000 state refund must have shown with what I did and I don't have to do anything more?
Wednesday
Are you using the Online version or the Desktop program? How are you estimating 2025? You should NOT be in or use your actual 2024 return or you will overwrite it and then 2024 will be saved wrong...
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Are you using the Online version or the Desktop program? How are you estimating 2025? You should NOT be in or use your actual 2024 return or you will overwrite it and then 2024 will be saved wrong and transfer into 2025 next year wrong.
Wednesday
Here are a couple screen shots. Enter SE Retirement Using Search sample
Wednesday
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SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantica...
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SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc
In order to transfer a past year return to the new return you need the tax file
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl
NOTE: TurboTax and the IRS save returns for seven years. Returns older than seven years are purged.
Wednesday
Are you using the Desktop Home & Business version? I have that too. Search is on the grey bar (first item is Personal Info) then way over on the right. It is a magnify glass and says Search. A...
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Are you using the Desktop Home & Business version? I have that too. Search is on the grey bar (first item is Personal Info) then way over on the right. It is a magnify glass and says Search. Are you showing the right side of the program? When you click on SEARCH in the upper right you either get the Turbo Tax Digital Assistant or the Turbo Tax Help box depending if you are signed in. I have gotten the Jump to links using both ways. In the Desktop program you can sign in or sign out of your account under FILE on the top menu. If you are signed in it will say Signed in as [name] under File. SEARCH will open the Digital Assistant like a chat box. Go to the bottom and type your search then click the send arrow on the right side. If you are signed out, it will say Sign in under File. The SEARCH box will ask you to sign in. If you get a window asking you to sign in, don't sign in. Click the X in the top right corner to get rid of the sign in window. Then you will have the Search box where you enter your search at the top of the box. OR Go to Business tab - Continue I'll Choose what I work on Scroll down to Less Common Business Situations Self Employed Retirement - Start or Update
Wednesday
Well you’re welcome! I was helping your agent walk you through. Thank you for your patience. I’m glad it worked.
Wednesday
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@user17598801544 And xmasbaby0 did post.... If you are filing a joint return you must show income for both spouses..... in the first answer you got above.
Wednesday
I already had a rental property till end of 2024 and I added a second rental property during 2024. For the first property I have filed the return over the past couple of years by amortizing the expen...
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I already had a rental property till end of 2024 and I added a second rental property during 2024. For the first property I have filed the return over the past couple of years by amortizing the expenses over time and did not take one time credit. So when I added 2nd property for 2024 some where in TTax Premier it said if I chose to amortize expenses on one property, I need to do the same for all. So in 2024 I filed both properties with expenses amortized instead of taking one time credit. These expenses are like applianaces, improvements and repairs etc. But 2nd property turned sour and I incurred substantial leagal and repair expenses due to client evicton. As of now that loss stands at $19,133 for the 2nd home but TTax is allowing only $5,031 for the year 2025 (I am using TTax premier 2024 for estimating tax for 2025. Though inaccurate, it is fine for now. But basically amortized loss is substantially small). Since the loss is substantial and since I also have huge tax burden due to other income, I want to see how to claim all of $19,133 in 2025 itself. If I were to do, I might have to claim the same way for 1st house also. But when I first chose my first home to amortize expenses a few years back, TTax premier did warn me that chaning it to one time credit after having done amortized, will be involved process. But I want to give it a shot. 1) Can you please provide and guidence on how to do it? 2) Please see if there any detailed cheat sheet for this how to? 3) Can TTax premier do it? Appreciate help regards
Wednesday
I have backups from previous years, ending 2023. I never backed up 2024.
Wednesday
I was having the same issue today while filing federal and state (Maryland). I had taked extension and tried to file today. I was with the TT support for more than 2 hours and she asked me to ins...
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I was having the same issue today while filing federal and state (Maryland). I had taked extension and tried to file today. I was with the TT support for more than 2 hours and she asked me to install the most updated Windows 11 patch and any other optional update via setting >windows update. I installed them but it still did not work and got the Failed Validation during transmission Then she asked me to remove MS visual C++ 2015 from the installed apps, and I had two of those that I uninstalled. Then she asked me to uninstall TT2024 from the installed apps and I did that too, During reinstall, it also installed MS visual C++ 2022 and installed the TT 2024. After re-install it did update the state again. I checked again for any update and there was none, I opened the saved tax file and tried to file both the returns again and it worked!! GP
Wednesday
I am using Turbo Tax Premium 2024 to get gut feel for taxes for 2025. It would not be accurate and not perfect but somewhat ballpark is fine. I have deployed a solar in 2025 for about $20,312. TT...
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I am using Turbo Tax Premium 2024 to get gut feel for taxes for 2025. It would not be accurate and not perfect but somewhat ballpark is fine. I have deployed a solar in 2025 for about $20,312. TTax correctly projected a federal tax deduction of $6,094 and my Federal tax did get shown decreased by that amount from what it was before I added solar expense. Since I live in Arizona, I am supposed to also receive the maximum state tax credit of 1,000. However my state tax didn't change from what it was before I added solar credit. I tried to cycle through menus of state tax side just to see if it updates but it didn't? All I did to enter the solar cost is on the Federal deductions' home section. - How do I make Ttax consider state tax deduction also? - Is there any where I need to enter something? Please help. regards
Wednesday
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@user17598801544 wrote:
I believe found the issue. Here are the detail for anyone else in the same situation: In previous years, for which we had a DCFSA, we both had earned income. In 2024 o...
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@user17598801544 wrote:
I believe found the issue. Here are the detail for anyone else in the same situation: In previous years, for which we had a DCFSA, we both had earned income. In 2024 one of us was not employed for at all during the tax year, and had no individual earned income. And while dependent care expenses allowing "you to work or look for work" is normally eligable as a qualified DCFSA expense, if one partner has zero earned income for that year due to not having a job, dependent expenses enabling job search are not deductable at all (per IRS Publication 503 (2024)). In TurboTax defense, it does mention this in Deductions & Credits > Dependent Care Credit. It seems to have detected a single W-2 and made the determination and moved on. It was confusing, and would have been nice if it were called out a little more clearly, but the logic isn't off.
And in this case you still need form 2441 to reconcile the amount and add it back to your taxable income.
Wednesday
The Sec 121 home sale exclusion - $250k in this case - does not apply to sales by estates. Instead, the estate gets a basis for the residence that is stepped up to its fair market value on the date o...
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The Sec 121 home sale exclusion - $250k in this case - does not apply to sales by estates. Instead, the estate gets a basis for the residence that is stepped up to its fair market value on the date of death. If the sale occurred shortly after her deathe, there could be little or no gain or even a loss after expenses as a result of the basis step up. Condolensces on your loss.
Wednesday
I believe found the issue. Here are the detail for anyone else in the same situation: In previous years, for which we had a DCFSA, we both had earned income. In 2024 one of us was not employed for...
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I believe found the issue. Here are the detail for anyone else in the same situation: In previous years, for which we had a DCFSA, we both had earned income. In 2024 one of us was not employed for at all during the tax year, and had no individual earned income. And while dependent care expenses allowing "you to work or look for work" is normally eligable as a qualified DCFSA expense, if one partner has zero earned income for that year due to not having a job, dependent expenses enabling job search are not deductable at all (per IRS Publication 503 (2024)). In TurboTax defense, it does mention this in Deductions & Credits > Dependent Care Credit. It seems to have detected a single W-2 and made the determination and moved on. It was confusing, and would have been nice if it were called out a little more clearly, but the logic isn't off.
Wednesday
I don't see or recognize the search icon. What does it look like. Thank you.
Wednesday
I am the executor of my mother’s estate and her primary residence was sold in order to settle her debts. The remainder then went to the heirs. Do the capital gains from the sale need to be reported b...
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I am the executor of my mother’s estate and her primary residence was sold in order to settle her debts. The remainder then went to the heirs. Do the capital gains from the sale need to be reported by the estate if it was for the sale of the primary residence of the deceased and less than 250K? This assumes that the estate maintains the same characterization of the property as the decedent. So would the exclusion still apply to the estate, even though it was sold after her death? The estate earned no other income during this time.
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