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yesterday
TT automatically calculates the excess APTC, and adds it to tax owed. However, it doesn't then add this amount in sch 1, line 17, to lower the AGI.
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yesterday
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yesterday
I WANT TO PAY WITH MY LICENSE CODE
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yesterday
Si. No es necesario poner su info del ID. Solo deje esas celulas en blanco y continue a finalizar su declaracion.
Unos estados si requieren ID para presentar la declaracion estatal, pero Turb...
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Si. No es necesario poner su info del ID. Solo deje esas celulas en blanco y continue a finalizar su declaracion.
Unos estados si requieren ID para presentar la declaracion estatal, pero TurboTax le avisara si su estado lo quiere o no. En ese caso puede presentar la declaracion Federal electronicamente y la estatal por correo.
yesterday
Do you recognize the medical expense? Did you enter it on Schedule A (Itemized Deductions)?
You would have gotten there by going to Deductions & Credits->Medical->Medical Expenses.
yesterday
I need to download the 2024 Premier which I had purchased ... I bought a new computer and therefore need to install on this so I can work It op[ens the screen for downloads but does not let me down...
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I need to download the 2024 Premier which I had purchased ... I bought a new computer and therefore need to install on this so I can work It op[ens the screen for downloads but does not let me download
yesterday
Because the IRA deduction lowers income, it changes the Marketplace Credit, which then changes the Self-Employed Health Deduction. TurboTax Online sometimes fails to solve this loop and defaults to "I...
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Because the IRA deduction lowers income, it changes the Marketplace Credit, which then changes the Self-Employed Health Deduction. TurboTax Online sometimes fails to solve this loop and defaults to "Ineligible" to prevent an error.
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yesterday
Safe Harbor Limit:
The total amount paid for repairs, maintenance, and improvements during the year must not exceed the lesser of:
2% of the building’s unadjusted basis, OR
$10,000.
The "All-...
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Safe Harbor Limit:
The total amount paid for repairs, maintenance, and improvements during the year must not exceed the lesser of:
2% of the building’s unadjusted basis, OR
$10,000.
The "All-In" Rule: You are correct that this limit is cumulative. You must add up all repairs and maintenance items on your Schedule E for that specific house. If the total exceeds the limit, the entire amount for that project usually must be capitalized, unless you can prove the underlayment is a "repair" rather than an "improvement."
Repair or improvement:
The IRS looks at Betterment, Restoration, and Adaptation to determine if improvement.
Restoration is replacing a major component and must be capitalized. While reusing the tiles is great, the underlayment on the roof is considered a restoration of the primary water barrier. As such, it is categorized as residential real estate and depreciated over 27.5 years unless it qualifies for the safe harbor election.
Reference: IRS Pub 527, particularly page 7.
yesterday
Follow the instructions in the link below:
How do I amend my federal tax return for this year?
yesterday
Si aun no a pagado o presentado siga estos pasos:
Hacia la itzquierda, oprime Cambiar de producto
Oprime Cambiar a una version mas economica
Alli elige su producto preferido.
Si no...
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Si aun no a pagado o presentado siga estos pasos:
Hacia la itzquierda, oprime Cambiar de producto
Oprime Cambiar a una version mas economica
Alli elige su producto preferido.
Si no esta la opcion alli, trate esto:
Hacia la itzquierda, oprime Herramientas de impuestos
oprime Herramientas
Opirme el cuadro verde que dice "My Fees"
Alli va estar la opcion que dice "Do it Yourself"
yesterday
The answer is a definite "It depends". The withdrawal is likely to be partially or wholly non-taxable, but there are some calculations that go into this.
Assuming you are a resident of Michigan...
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The answer is a definite "It depends". The withdrawal is likely to be partially or wholly non-taxable, but there are some calculations that go into this.
Assuming you are a resident of Michigan, you might look at the 2025 Retirement and Pension Estimator which will help you see what your options are.
yesterday
Hello, looking for help regarding to WA long term capital gain tax: Can I enter the WA long term capital gain tax to offset my capital gain in federal tax filling -- add that tax amount as the "...
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Hello, looking for help regarding to WA long term capital gain tax: Can I enter the WA long term capital gain tax to offset my capital gain in federal tax filling -- add that tax amount as the "cost of sell" in federal tax filling in the year of WA tax payment?
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yesterday
Big ERROR! Taxable amount on $72+ Social Security Income was zero filed amended return when I discovered this will push back my refund by months 🤬 paid $277 for return 🙄
yesterday
Once they had actually assigned my case to someone it went much faster. I probably sent more documents that I needed to, but I thought it’s better to overspend to prove I purchased the furnace. Once ...
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Once they had actually assigned my case to someone it went much faster. I probably sent more documents that I needed to, but I thought it’s better to overspend to prove I purchased the furnace. Once it was approved the money was in my account within the week.
yesterday
why did my turbo tax lose my filing
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yesterday
How to enter 529 contribution
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yesterday
I Turbotax review finds an "error" in my federal return on the worksheet for a K-1 I entered. Turbotax blocks me from transmitting my efile due to this "error." Turbotax demands a value for every...
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I Turbotax review finds an "error" in my federal return on the worksheet for a K-1 I entered. Turbotax blocks me from transmitting my efile due to this "error." Turbotax demands a value for every line under Code W to ZZ. But there are no values to enter. If I enter zeros, it requires me to enter a zero for every line under item 8 (a multiline entry with no values entered). I have deleted the K-1 and re-entered it. The problem persists. How can I e-File with this blocking me?
yesterday
Schedule D is automatically generated when you report capital asset sales. You can also access the Schedule D form by clicking the applicable link below.
TurboTax Online/Mobile: Go to Schedule...
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Schedule D is automatically generated when you report capital asset sales. You can also access the Schedule D form by clicking the applicable link below.
TurboTax Online/Mobile: Go to Schedule D.
TurboTax Desktop: Search for Schedule D and select the Jump to link.