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6 hours ago
Wrong year, the 8824 should have been filed in 2024, even though the replacement property was acquired in 2025
6 hours ago
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6 hours ago
You should have reported this exchange on your 2024 tax return. 1031 exchanges that are started in one tax year and completed in the next are normally reported in the tax year in which the property i...
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You should have reported this exchange on your 2024 tax return. 1031 exchanges that are started in one tax year and completed in the next are normally reported in the tax year in which the property is relinquished.
6 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.
6 hours ago
Compañia no me lo envio
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6 hours ago
I moved to UK to join him in 2026. I'm trying to file my 2025 tax return.
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6 hours ago
E-filed SC State Taxes through Turbo yesterday 3/28 and received a State Tax Filing error today. Let’s Take A Look at Your Return Description of error: Your South Carolina state return requires ...
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E-filed SC State Taxes through Turbo yesterday 3/28 and received a State Tax Filing error today. Let’s Take A Look at Your Return Description of error: Your South Carolina state return requires a product update before it can be electronically filed. What needs to be done: Your South Carolina tax return wasn't e-filed because of an issue in the return. The update will be live on or after 3/31. Please log in to ensure your product has been updated (online versions update automatically). Once updated, complete a final review and resubmit your return./ESD/Files/CTG/comp/A3D17B4EAD394828BCD3B26C7621CFF5/v1/Content/wycpbpmStateIS.msi
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6 hours ago
Thanks for the answer! That's all I needed to know! 😉
6 hours ago
If you are not claiming the Earned Income Credit (EIC) it doesn't matter whether the box is checked or not. There is no reason to amend your tax return just to check or uncheck that box. It doesn't a...
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If you are not claiming the Earned Income Credit (EIC) it doesn't matter whether the box is checked or not. There is no reason to amend your tax return just to check or uncheck that box. It doesn't affect anything except the EIC.
6 hours ago
The QBI At Risk Operating Loss entry screens for Schedule C during Smart Check appear to be the same. However, the software is populating a table on the subform that is displayed. Continue entering t...
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The QBI At Risk Operating Loss entry screens for Schedule C during Smart Check appear to be the same. However, the software is populating a table on the subform that is displayed. Continue entering the correct loss amounts (negative numbers) until the series is done.
If you encounter more entry boxes than you have values, enter a zero and move on. It's possible you may see this question again. Scroll down in the embedded window until you find the table for Disallowed At-Risk Losses by Year and Type. You should see the entries you have already made. Any balances will appear in the 2018 section.
6 hours ago
@monstera wrote: For incomes over 200K married, 100K single - TurboTax completely zeroes out car loan interest deduction - where it should be a phase out. What is your exact Adjusted Gros...
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@monstera wrote: For incomes over 200K married, 100K single - TurboTax completely zeroes out car loan interest deduction - where it should be a phase out. What is your exact Adjusted Gross Income? How much car loan interest did you pay?
6 hours ago
First check to make sure that your Montana state return was accepted by the state. If you used TurboTax Online, you can see the status of your return on the Tax Home screen of your account. You sh...
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First check to make sure that your Montana state return was accepted by the state. If you used TurboTax Online, you can see the status of your return on the Tax Home screen of your account. You should have also received emails updating you on your return status.
If you used TurboTax Desktop:
Select File.
Select Check E-file status.
Once you know the return was accepted, go here to track your state refund. Sometimes refunds can be delayed for many reasons.
6 hours ago
When you sold items from your dad's estate on eBay without receiving a 1099-K, you still need to report the income if there was a gain. TurboTax doesn't require a 1099-K to enter this income.
T...
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When you sold items from your dad's estate on eBay without receiving a 1099-K, you still need to report the income if there was a gain. TurboTax doesn't require a 1099-K to enter this income.
To enter your eBay estate sale income as Other Income in TurboTax Online without a 1099-K, follow these steps: 1. Go to the Wages & Income section. 2. Scroll down and select Add more income. 3. Find and select Less Common Income. 4. Choose Other Reportable Income and select Start. 5. Enter the total sale amount as income. 6. In the description, you can note it as "Income from estate sale on eBay." This reports the income without a 1099-K. If you have a basis equal or less to the sale amount, the gain would be zero, so no taxable gain is reported here.
6 hours ago
Can I get someone to chat with me and help me?
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6 hours ago
Senior discount for 65 and older filing jointly
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6 hours ago
@everhartmj You need to go back and edit every form where you entered any withholding...and make sure the forms are not double-entered in seem way. Occasionally, some folks import their tax ...
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@everhartmj You need to go back and edit every form where you entered any withholding...and make sure the forms are not double-entered in seem way. Occasionally, some folks import their tax documents twice...and two forms with the same data doubles the withholding too....of course the incoem is doubled too. ___________ Sometimes, the only way to find the problem, is to go to the Print Center, and save a PDF copy of your tax file ....but with ALLL the backup worksheets. Then looking at the Tax Payments Worksheet.....that sheet shows the sources of all the tax withholding and other payments you have entered or imported...and can usually point where the extra $$ are coming from, proper or not.
6 hours ago
we can't advise on a $ amount becuase this forum knows absolutely nothing about what your tax situation will be in 2026
However, if you don't mind possibly owing a lot come 4/15/2026, but with no u...
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we can't advise on a $ amount becuase this forum knows absolutely nothing about what your tax situation will be in 2026
However, if you don't mind possibly owing a lot come 4/15/2026, but with no underpayment of estimated tax penalties then:
through timely estimated tax payments and withholding pay in at least 110% of your 2025 tax. There are other ways to avoid this penalty, but they require knowing what your 2026 tax liability will be. Generally, this is a guesstimate.
estimates are due 4/15/2026,, 6/15/2026, 9/15/2026, and 1/15/2027
state laws vary if you have a state income tax. If you do and provide us the state we can offer guidance.
7 hours ago
Online how do I get to the checkbox to change it and refill
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7 hours ago
this is the error msg your Electronic filing signatuare did not match the personal information entered on your rederal tax return . I checked and it does match exactly tried resubmitting but i...
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this is the error msg your Electronic filing signatuare did not match the personal information entered on your rederal tax return . I checked and it does match exactly tried resubmitting but it keeps looping back and sayting someting needs to be fixed on the state return
7 hours ago
How do I complete step 2?
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