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4 hours ago
You can enter retired or you can choose a category such as cashier. It's not necessary to enter something besides retired.
4 hours ago
I assume the family trust you reference is a revocable grantor trust, in which case you may not have to report the sale. In general, you don't have to report the sale of your home (personal residenc...
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I assume the family trust you reference is a revocable grantor trust, in which case you may not have to report the sale. In general, you don't have to report the sale of your home (personal residence) if your gain on the sale is less than $500,000 if married filing joint or $250,000 if single, and it was your primary residence for two of the past five years. However, you do have to report the sale if you received a Form 1099-S.
If required, report the sale in TurboTax as follows:
Log in to, or open your return
Navigate to the sale of home section:
TurboTax Online/Mobile: Go to: Federal >> Wages & Income>>Less Common Income>>Sale of Home
TurboTax Desktop: Search for sale of home, and select the Jump to link.
Answer Yes to "Did you sell or have your home foreclosed in 2025?"
Select Continue on the next screen.
Enter the address of the home you sold on the next screen, and select Continue.
Follow the onscreen instructions.
4 hours ago
Honestly I can't imagine why the IRS would care where one lives (if not filing for the EIC) as long as they get their tax revenue.
4 hours ago
Having all your properties classified as passive may actually work to your advantage this year. Since passive losses can generally only offset passive income, converting those "active" older properti...
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Having all your properties classified as passive may actually work to your advantage this year. Since passive losses can generally only offset passive income, converting those "active" older properties into "passive" ones allows the newest property loss to offset the taxable income from the old ones. In TurboTax, a property's active or passive status is generally driven by your participation level for each specific year. Here is how to update your older properties to reflect your current passive involvement: In Step-by-Step Mode, return to that property by going to Rental Properties and Royalties in Wages & Income Select Update to view the Rental and Royalty Summary page Click Edit to the right of the property that you want to change Click on Update to the right of the property, in the Property Profile section (usually the first category) Continue through the interview questions until you reach, "Let's Find Out if You're an Active Participant in This Property" Select, No, I am not an active participant, then Continue Note: When you are asked about being a Real Estate Professional, select None of the above.
4 hours ago
Please answer my above question
Topics:
4 hours ago
Can you add dashes or stars inbetween or like space it out? I call the number on the NY state website but that’s an AI bot!
4 hours ago
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4 hours ago
It is just a standard Form 1099-R so click on the box for 1099-R.
4 hours ago
In the next link you will find all the necessary information on how to do it:
How to view/download prior year return
4 hours ago
I added the number, but they removed it. We’re gonna have to find a way for me to send you the number
4 hours ago
If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are...
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If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
4 hours ago
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4 hours ago
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4 hours ago
Yes for sure
+1 (518) 457-5181 hopefully you get a representative that is nice and just doesn’t brush you off cause every representative that I have gotten just brushes me off doesn’t look for al...
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Yes for sure
+1 (518) 457-5181 hopefully you get a representative that is nice and just doesn’t brush you off cause every representative that I have gotten just brushes me off doesn’t look for alternatives like I have been stuck in processing. I filed January 24 accepted February 2. Everybody that has filed after me that I know has gotten their money. This is outrageous
4 hours ago
This doesn't answer anyone's question. Do we have to start over with the 2025 online version once we're almost done with the taxes? Even though it looks like the 2024 tax file transferred properly wh...
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This doesn't answer anyone's question. Do we have to start over with the 2025 online version once we're almost done with the taxes? Even though it looks like the 2024 tax file transferred properly when we were starting out? Do we bypass error my saying that we did our taxes some other way last year?
4 hours ago
Your tax refund is the amount you overpaid in taxes throughout the year via withholdings or estimated payments that's returned to you after filing. How much you get back also depends on which deduc...
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Your tax refund is the amount you overpaid in taxes throughout the year via withholdings or estimated payments that's returned to you after filing. How much you get back also depends on which deductions and credits you're eligible for. Your employer withheld (box 2 of your w-2) the exact amount of taxes you owed this year.
You can give your employer an updated w-4 form and have them withhold more to get a bigger refund. If they withhold too little, you will owe the difference at the end of the year. Form W-4 and Your Take-Home Pay
Find out more about your tax refund and how withholding, deductions, and credits make an impact by viewing this article.
4 hours ago
If your ESA or 529 withdrawals were all for qualified education expenses, you don't need to enter Form 1099-Q in your return. Keep your own records of what was paid with the distributions.
If ...
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If your ESA or 529 withdrawals were all for qualified education expenses, you don't need to enter Form 1099-Q in your return. Keep your own records of what was paid with the distributions.
If you received a 1098-T, you can report that in TurboTax, as you may qualify for an Education Credit.
Here's more detailed into on Form 1099-Q.
@jonwaz5407
4 hours ago
You can follow the instructions in this TurboTax Help article to enter your tips on your tax return.
The tips deduction is reported on line 13 of Schedule 1-A. Then the total deductions on line...
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You can follow the instructions in this TurboTax Help article to enter your tips on your tax return.
The tips deduction is reported on line 13 of Schedule 1-A. Then the total deductions on line 38 of Schedule 1-A is transferred to line 13b of your form 1040.
In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.
But you can preview your form 1040 and check line 13b of your form 1040 which includes the tips deduction among other deductions if applicable, such as the senior deduction, the overtime deduction and the car loan interest deduction.
To preview your form 1040 in TurboTax Online, follow these steps:
Open your return
In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
On the Tools Center page, click on View Tax Summary
In the left-hand column, click on Preview my 1040
Your form 1040 will display.
Scroll down to line 13b and you should see the amount of the tips deduction included in this line.