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Thursday
I did a flex loan application and messed up on it. Before I realized I had made a mistake I had already hit ok.
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Thursday
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Thursday
Tax loss harvesting means selling investments that have a loss in order to offset gains from selling other investments. It's still a capital loss, and only $3,000 of capital loss can be used to offse...
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Tax loss harvesting means selling investments that have a loss in order to offset gains from selling other investments. It's still a capital loss, and only $3,000 of capital loss can be used to offset regular income in the current year. It makes no difference whether the capital loss is from crypto or other investments. The only advantage of using losses from crypto is that, as you said, none of the loss will be disallowed because of wash sales.
Thursday
Your loss is first deducted from any capital gains. Only $3,000 of the remaining loss is deducted from your income. The rest is carried over to future years until it is all used up.
Thursday
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@prototype777 Your amended state return cannot be e-filed. You will need to file it by mail.
Thursday
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Thursday
Your income is likely to be considered for their Medi-Cal eligibility.
Thursday
Can the associated State (North Carolina) 2024 amended return be e-filed now or in the future? or does that have to be mailed also?
Thursday
https://turbotax.intuit.com/personal-loan
Thursday
Too late to do 2024 or prior online. You can only do the last 3 years with Turbo Tax. Online is only good for the current year. For prior years you need to buy the Desktop program. You have to...
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Too late to do 2024 or prior online. You can only do the last 3 years with Turbo Tax. Online is only good for the current year. For prior years you need to buy the Desktop program. You have to buy each year separately. You can buy the last 3 years of Turbo Tax here, https://turbotax.intuit.com/personal-taxes/past-years-products/ You will need a full Windows or Mac to install it on. If you want to file for free and have a simple return you can get the blank forms from the IRS and fill them in by hand. I have a list of some of the basic ones I can post direct links to.
Thursday
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Thursday
I loaded Windows 11 Pro into VMware Workstation on my Win 10 machine. I was wondering if anyone had tried TurboTax in a VM? That seems like a reasonable workaround for this year.
Thursday
Please explain what "UAC privilege elevation dialog" ... is
Thursday
Apply for a Flex Loan TurboTax Flex Advance loan – Get $350-$2,000 | TurboTax What is the Turbo Tax Flex Advance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbota...
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Apply for a Flex Loan TurboTax Flex Advance loan – Get $350-$2,000 | TurboTax What is the Turbo Tax Flex Advance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I...
Thursday
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At least for the recent 3+ years, I wouldn't pay it all back to the employer. I would subtract the Social Security and Medicare. The employer will be (or at least should be) amending their emplo...
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At least for the recent 3+ years, I wouldn't pay it all back to the employer. I would subtract the Social Security and Medicare. The employer will be (or at least should be) amending their employer payroll returns to get the Social Security and Medicare back. If they are already getting it back, there is absolutely no reason why you should be paying to them again.
Thursday
What is flex loan?
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Thursday
https://turbotax.intuit.com/personal-loan
Thursday
Hello community. I was familiar with the term tax loss harvesting, but it seems like it is a strategy that I will need to implement this year. Crypto does not have a wash sale rule unlike stocks. ...
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Hello community. I was familiar with the term tax loss harvesting, but it seems like it is a strategy that I will need to implement this year. Crypto does not have a wash sale rule unlike stocks. How does it work with realized loss on crypto vs ordinary income from W2 or 1099? Say for example: You made $300,000 W-2 pre-tax income, but your crypto realized losses are $50,000. Does tax loss harvesting mean, you can offset your regular taxable income?