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I was awarded 50% of the home sale in the divorce. So does this mean that I also will be eligible for $250k deduction for capital gains? I lived in the house for 25 years, up until the house was sold... See more...
I was awarded 50% of the home sale in the divorce. So does this mean that I also will be eligible for $250k deduction for capital gains? I lived in the house for 25 years, up until the house was sold post divorce.  With that said, should I be expecting a 1099 form in the mail for my portion of the proceeds from the home sale?
Very frustrating.  I get the same email back saying form 3903 is available.  Which is totally not what I'm wanting notification about. 
I've amended the return to correct form 8606 for the 2024 return. However, when getting to the end of the amendment flow in turbotax (i.e. after putting in the reason for amendment), it gave me optio... See more...
I've amended the return to correct form 8606 for the 2024 return. However, when getting to the end of the amendment flow in turbotax (i.e. after putting in the reason for amendment), it gave me option to correct account / routing number, as well as selecting a date for IRS to deduct the new owed amount.  I did this, but I kept getting a message saying "Account number invalid for electronic filing" Despite triple checking the number and making sure there weren't any hidden/special characters. When I hit continue, there was a screen to print forms, with step 2 saying "Send amended forms to IRS and include any relevant checks." It's not clear whether it actually e-filed the amendment or not. There is a "Check E-file status", and it says 2024 Federal amended return was accepted, however this is the second time I've amended, so it's not clear if thats referring to the first time or this most recent time.  
I sold some tickets on StubHub for a profit. Where do I put these? Last year I put them on Form 8949 under short term
Please clarify your question:   What are you working on? What section are you in? Do you have a form that you are working on? Contact us again with any additional information.
In TurboTax Online, the vehicle loan interest deduction may be found as follows:   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Deductions ... See more...
In TurboTax Online, the vehicle loan interest deduction may be found as follows:   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Deductions and Credits. Scroll down to Cars and Other Things You Own.  Click the down arrow to the right. Click Start/Review to the right of Car Loan Interest. Information about the What is the vehicle loan interest deduction? may be found at this TurboTax Help.
Thank you  this also worked for me   saves hours of input time.  
What update do you need?  If it’s for 1099R IRA and retirement entry that should be ready Jan 21
For tax purposes,  "disabled" generally means that you have a condition that prevents you from doing any "substantial gainful activity".  A doctor must also  certify that such a disability is expecte... See more...
For tax purposes,  "disabled" generally means that you have a condition that prevents you from doing any "substantial gainful activity".  A doctor must also  certify that such a disability is expected to last at least a year or result in death.   It focuses on ‌taxpayers  inability to work. For additional information, click here for What Are Disability Tax Credits? Click here for Video: Tax Credits for Disabled Dependents.    Click here for More information for people with disabilities.  
TurboTax Online doesn't support ‌Insolvency Form 982. The form is available on the Desktop edition in the FORMS MODE.  However: It will have to be filled out without any guidance from TurboTax... See more...
TurboTax Online doesn't support ‌Insolvency Form 982. The form is available on the Desktop edition in the FORMS MODE.  However: It will have to be filled out without any guidance from TurboTax. Essentially, you will be completing a blank form unassisted. If you aren't familiar with the form, we suggest securing independent, professional support
If you need to enter a 1099NEC for self employment income I saw it is now available.   How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-i... See more...
If you need to enter a 1099NEC for self employment income I saw it is now available.   How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653   Or do you need to create 1099NEC to give to your contractors?   Those have been ready for awhile.  
Unreimbursed employee expenses for W-2 employees are only allowed in certain instances.  The Tax Cuts and Jobs Act of 2017 suspended the deductions for most W-2 workers.  Review the TurboTax Help Are... See more...
Unreimbursed employee expenses for W-2 employees are only allowed in certain instances.  The Tax Cuts and Jobs Act of 2017 suspended the deductions for most W-2 workers.  Review the TurboTax Help Are Unreimbursed Employee Expenses Deductible? to see whether you will qualify.   If you are reporting self-employment income in TurboTax Online, you may be able to:     Deduct the actual costs of maintaining a vehicle that was used for business purposes, or  Claim a standard mileage rate times the number of business miles recorded in a contemporaneous mileage log. To record vehicle expenses against self-employment income, follow these steps.   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click the down arrow to the right of Self-Employment income and expenses. Click to the right of Self-employment income and expenses or create your self-employment activity. Also see the TurboTax Help How do I claim vehicle expenses for my business or rental?      
It depends on where you are looking for the 1099 NEC and who's issuing it.   If you are waiting on the person or company who paid you:   They are required to issue and furnish Form 1099-... See more...
It depends on where you are looking for the 1099 NEC and who's issuing it.   If you are waiting on the person or company who paid you:   They are required to issue and furnish Form 1099-NEC by January 31. This applies whether it is mailed or issued electronically.    If you are checking IRS transcripts:   The IRS typically shows 1099 income on IRS wage and income transcripts, mid-February to early March.   You may not receive a 1099-NEC at all if: Your total payments were under $600 You were paid via credit card or third-party processor You were paid as an employee (W2).    https://www.irs.gov/forms-pubs/about-form-1099-nec  
To Amend a 2024 Tax Return it must be submitted and accepted by the IRS. The Amend link will not be available until the file has been accepted.   Click on Tax Home Scroll to the bottom of... See more...
To Amend a 2024 Tax Return it must be submitted and accepted by the IRS. The Amend link will not be available until the file has been accepted.   Click on Tax Home Scroll to the bottom of the center Menu Select Your tax returns & documents You will see  The 3 amendable years listed at the top Boxes for Federal and State And an option to start the Amendment process. The process may have changed slightly, but please see this TurboTax Amendment Video.    
You must be in her account.   Or did you use your account last year for her return?   Online is only good for 1 return per account.   If her return was done in your account then it overwrote your ret... See more...
You must be in her account.   Or did you use your account last year for her return?   Online is only good for 1 return per account.   If her return was done in your account then it overwrote your retun and yours is gone.   Or you need to find the right account.How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/ If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online.
Why are you asking what tax form you filed? All personal tax returns are filed on Form 1040. There is no other form for personal tax returns. (If you were 65 or older you might have filed Form 10... See more...
Why are you asking what tax form you filed? All personal tax returns are filed on Form 1040. There is no other form for personal tax returns. (If you were 65 or older you might have filed Form 1040-SR, but Form 1040-SR is exactly the same as Form 1040 except that it has larger print. It makes no difference whether you filed Form 1040 or Form 1040-SR.) A transcript is not a copy of your tax return. A transcript is a document you get from the IRS that lists the information that was on the tax return that you filed, but not in the format of the actual tax return forms.