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5 hours ago
Ok, so if this is a browser/computer/installation issue, and several people are reporting the same issue, and you are the company that wrote the software then you should have a software solution inst...
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Ok, so if this is a browser/computer/installation issue, and several people are reporting the same issue, and you are the company that wrote the software then you should have a software solution instead of just throwing out the same ideas to everyone. Can we submit our tax forms via e-file and be confident that the forms will be sent properly?
5 hours ago
I'm working my way through TTax 2025 Premier. On the page "Other Interest and Dividends," the seller-financed box is checked, and I cannot remove the check, even when I have ticked the "None of the a...
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I'm working my way through TTax 2025 Premier. On the page "Other Interest and Dividends," the seller-financed box is checked, and I cannot remove the check, even when I have ticked the "None of the above" box. What should I so? Thanks,
5 hours ago
Yes, you can claim your NY property and school tax as an itemized deduction. Itemized expenses include mortgage interest, gambling losses within limitations, charitable contributions, state and loc...
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Yes, you can claim your NY property and school tax as an itemized deduction. Itemized expenses include mortgage interest, gambling losses within limitations, charitable contributions, state and local taxes up to $40,000, medical expenses in excess of 7.5% of your AGI and federally declared casualty and losses.
Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses or your property taxes.
The 2025 Standard Deductions are as follows:
Married Filing Joint (MFJ) $31,500
Married Filing Separate (MFS) $15,750
Head of Household (HOH) $23,625
Single $15,750
Blind or over 65 and MFJ or MFS add $1,600
Single or HOH if blind or over 65 add $2.000
Standard Deduction vs. Itemized Deductions: Which Is Better?
5 hours ago
I received 3 W2 from same employer. Same control number. Same OMB number. same First W2, has all boxes with information. Other 2, are blank from box 1-13, and each of them have different items and...
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I received 3 W2 from same employer. Same control number. Same OMB number. same First W2, has all boxes with information. Other 2, are blank from box 1-13, and each of them have different items and numbers in 14-other. Should I upload the 3 forms to turbotax? and how should i complete the information? Thank you very much!
5 hours ago
Below is a link to the IRS web site re the options you may have for filing: https://www.irs.gov/instructions/i1041#en_US_2025_publink1000286018 Generally, though, if you give the EIN of the t...
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Below is a link to the IRS web site re the options you may have for filing: https://www.irs.gov/instructions/i1041#en_US_2025_publink1000286018 Generally, though, if you give the EIN of the trust to payors and they issue a 1099 to the trust with the trust's EIN, you need to file a 1041 and a grantor letter containing the items of income which you would then report on your personal income tax return.
5 hours ago
Why then does it state in the IRS that you can deduct tips without a 1099 as long as you keep detail;ed records of which i do have?
5 hours ago
I suggest you delete the state return. Then, make sure the program is up to date. Then do the state return again.
5 hours ago
As i previously stated,when, i click on the box that asks if tips are included in the wages i reported,it gives a message that says that they are not allowed at this time and to check back for update...
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As i previously stated,when, i click on the box that asks if tips are included in the wages i reported,it gives a message that says that they are not allowed at this time and to check back for updates to TT.My question is ,will TT be updated to reflect this for this year tax filing season?
5 hours ago
That is a reasonable way to handle NY part year residency.
5 hours ago
You do not depreciate your home unless it is a rental property. If it is a rental property, you would add the cost of the improvements to your cost basis (what you paid for the home) to determine yo...
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You do not depreciate your home unless it is a rental property. If it is a rental property, you would add the cost of the improvements to your cost basis (what you paid for the home) to determine your basis for depreciation. If you sold your home, you add the cost of improvements to what you paid for the home to determine your basis and calculate any gain on the sale.
5 hours ago
Go to this TurboTax website to download the 2025 TurboTax desktop edition you purchased - https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/
5 hours ago
If you are using TurboTax Online, you cannot prepare and file a tax return for another person using an existing TurboTax account. You'll need to create a new account, distinct from the account you us...
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If you are using TurboTax Online, you cannot prepare and file a tax return for another person using an existing TurboTax account. You'll need to create a new account, distinct from the account you used to file the first return.
If you are using TurboTax Desktop, you can start a new return by clicking on Start a new return on the Welcome page of TurboTax.
Please read this TurboTax Help topic on how to start a new tax return for another person.
5 hours ago
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5 hours ago
This is for Non-employee Compensation.
Since this was a stipend, you will just have to be sure to answer a few extra questions as you go through the steps after entering the 1099-NEC. To ent...
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This is for Non-employee Compensation.
Since this was a stipend, you will just have to be sure to answer a few extra questions as you go through the steps after entering the 1099-NEC. To enter the 1099 NEC as non-self-employment income take the following steps:
Income
1099-NEC under Other Common Income
Enter the information from the 1099-NEC
Continue through and say the work does NOT involve work that is like your main job
Select the years you received it
Say no, to did this involve an intent to earn money
5 hours ago
Why oh why does your software allow for me to choose a paper check for my federal refund when an executive decision made a year ago said that is no longer an option??? sounds like a big software BUG...
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Why oh why does your software allow for me to choose a paper check for my federal refund when an executive decision made a year ago said that is no longer an option??? sounds like a big software BUG to me.
5 hours ago
You cannot depreciate a personal residence that is not used as a rental or in a business.
The cost of any improvements are added to the basis of the home when it is sold.
5 hours ago
When entering information for the Capital loss Carryover - I understand that I use my 2024 tax return for the following items Net short term capital gain/loss, Net long term capital gain/loss, allowa...
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When entering information for the Capital loss Carryover - I understand that I use my 2024 tax return for the following items Net short term capital gain/loss, Net long term capital gain/loss, allowable loss, Income before exemptions, Net AMT short term capital gain/loss, Net AMT long term capital gain/loss, AMT allowable loss. But my question is on the AMT taxable income ... do I use 2024 or is this 2025 ? If it is 2024 where do I find this amount on the 2024 tax return. Thanks in advance.
5 hours ago
I purchased Intuit turbotax Premier from Staples. I am unable to download per the instructions which are as follows 1. Download- Visit turbotax.ca/download - this option is not available -...
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I purchased Intuit turbotax Premier from Staples. I am unable to download per the instructions which are as follows 1. Download- Visit turbotax.ca/download - this option is not available - it redirects 2. Install 3. Activate