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Go into the "Estimates and other taxes paid" section of the Deductions and Credits page and add your payments.  That will take them off the amount due with filing.  (If you paid the exact amount and ... See more...
Go into the "Estimates and other taxes paid" section of the Deductions and Credits page and add your payments.  That will take them off the amount due with filing.  (If you paid the exact amount and it didn't change, then you should show owing zero.)
@Scott_Sa wrote: Tho technically correct, the answer is misleading.  You CAN use QCD to reduce your taxes (if you are 70 1/2 or older): * Say you are withdrawing $50,000/year from pre-tax IRA ... See more...
@Scott_Sa wrote: Tho technically correct, the answer is misleading.  You CAN use QCD to reduce your taxes (if you are 70 1/2 or older): * Say you are withdrawing $50,000/year from pre-tax IRA for living expenses * Say you contribute $5000/year to a charity * You are paying, assuming 20% income tax bracket, $1000 tax on that $5000 of your withdrawals that went to a charity * IF, instead, you withdraw $45,000/year for living, and do a QCD to your charity, you have saved the $1000 in taxes that you would have otherwise paid on that extra $5000. First, that's a 7 year old discussion you are replying to.   Second, you can't do a QCD from a non-IRA account.   Something everyone has missed is that a person could do a rollover from the 403b or 457 to an IRA, and then do the QCD from the IRA.  But you can't do a QCD directly from a qualified workplace plan.  
Home Mortgage Interest reported on Form 1098 is defined as interest on a mortgage used to buy or improve your main home or a second home. Loan interest on a vacant lot held for future use and/or inve... See more...
Home Mortgage Interest reported on Form 1098 is defined as interest on a mortgage used to buy or improve your main home or a second home. Loan interest on a vacant lot held for future use and/or investment is considered Investment Interest. (See IRS Tax Topic 505 for guidance on what types of interest are deductible.)   Investment Interest is deductible but limited to your net investment income (see Publication 550, Investment Income and Expenses). This interest is an "Other Itemized Deduction" on Schedule A, which is relevant only if you itemize your deductions. Excess investment interest expense (greater than investment income) is carried forward to future years.    Mortgage balances on investment loans are not included in the home mortgage interest limitation calculation.   According to IRS Pub 936, "You can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately) of indebtedness. However, higher limitations ($1 million ($500,000 if married filing separately)) apply if you are deducting mortgage interest from indebtedness incurred before December 16, 2017."   If your home mortgage balances exceeded the limitation, TurboTax would have adjusted the home mortgage interest that was reported on your return. It's possible to replace the amount calculated by the software, however. If you calculated this interest separately and entered your own value, this may have been more than the IRS allows.   The vacant lots would remain as investments whether you intend to sell them or hold them for future use.   It might be helpful to start a new TurboTax return to test the effect of properly reporting your loan interest. This exercise would provide some guidance in how you need to amend your return. Note that you can create as many returns as you like in TurboTax Desktop. For TurboTax Online, you would need to sign up and log in with a different email address.
How do you know that the IRS changed your AGI? Did you get a notice or letter from the IRS? They must have changed something else besides your AGI. The other changes made your AGI higher. The notice ... See more...
How do you know that the IRS changed your AGI? Did you get a notice or letter from the IRS? They must have changed something else besides your AGI. The other changes made your AGI higher. The notice or letter from the IRS tells you everything that they changed. Read the entire notice or letter carefully.  
IRS website for a CP2000 notice - https://www.irs.gov/individuals/understanding-your-cp2000-series-notice
See this for letter or notice you received from the IRS - https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/got-letter-notice-irs/L2JDxmDTo_US_en_US
It probably refers to your actual 1040 rather than the extension
When filing Married Filing Separately (MFS) in a community property state (AZ, CA, ID, LA, NV, NM, TX, WA, WI), you would report 50% of your spouse’s 401(k) contributions and 50% of their wages on yo... See more...
When filing Married Filing Separately (MFS) in a community property state (AZ, CA, ID, LA, NV, NM, TX, WA, WI), you would report 50% of your spouse’s 401(k) contributions and 50% of their wages on your tax return. You must file Form 8958 to allocate this community income.    TurboTax generates Form 8958 (Allocation of Tax Amounts) when you select "Married Filing Separately" in a community property state. Search for "8958" in TurboTax, select the "Jump to" link, and answer "Yes" to community property adjustments to trigger the necessary worksheet for dividing income and withholdings.   IRS Form 8958 is used by married couples or Registered Domestic Partners (RDPs) living in community property states who file separate federal income tax returns. It allocates community income, deductions, and withholding between both spouses (50/50 split), ensuring correct tax reporting. It is mandatory in these states.   When you file separately in a community property state, you must follow your state's definition of separate and community property. You would split your wages equally. Similarly, split withholding, deductions, and credits, as each spouse is only responsible for their 50% share (withholding is shown on Line 11 of Form 8958). Also, if you file Married Filing Separately, you must either both itemize or both take the standard deduction.   The IRS suggests married couples in community property states look at their tax situation under both joint and separate filing options to determine which version saves them the most. Filing a joint return may be less complex and qualify you for tax credits. Filing separately depends on your situation and how your itemized deductions stack up against the Standard Deduction.   When you live in a community property state and file separate returns, you each must report 50 percent of your spouse's income and half of income generated by community assets, plus all of your separate income. The IRS has an allocation worksheet to simplify your calculations in Publication 555 Community Property. You also have to decide who will claim dependent children.   You can use TurboTax Online to test different scenarios before deciding to file jointly or separately. Click here for more information. Once you decide, you can use either Online or Desktop to prepare the return(s).   Click here for tax tips for community property states.   See this tax tips article for more information about entering information on Form 8958.    
I need an actual person
If the IRS has requested that you verify your identity, you need to follow the IRS's instructions and not try to look for a way to do it differently than what has been requested.     I HAVE TO ... See more...
If the IRS has requested that you verify your identity, you need to follow the IRS's instructions and not try to look for a way to do it differently than what has been requested.     I HAVE TO VERIFY MY IDENTITY     Sometimes the IRS chooses returns randomly to request verification of identity and sometimes there is something on the return that triggers the request.  No matter why the IRS has required you to verify your identity, you need to follow their instructions in order to receive your refund.  If you do not verify your identity you will not get your refund.   https://turbotax.intuit.com/tax-tips/security/tips-for-handling-identity-verification-requests-from-the-irs/L55RhaS2B   https://www.irs.gov/identity-theft-fraud-scams/identity-verification-for-irs-letter-recipients   https://www.irs.gov/individuals/understanding-your-letter-4883c     https://www.irs.gov/individuals/understanding-your-cp5071-series-notice  
@sureshbk    You wrote: "Social Security will be taxes between 50% to 85%." That is not correct. The percentage of your Social Security benefits that is taxable can be anywhere from 0% to 85%... See more...
@sureshbk    You wrote: "Social Security will be taxes between 50% to 85%." That is not correct. The percentage of your Social Security benefits that is taxable can be anywhere from 0% to 85%. The only absolutely certain way to calculate the taxable amount of your Social Security benefits is to use the IRS worksheets. Note that the calculator that you referenced mentions some situations that it does not handle. However, if your Form 1040 or 1040-SR in TurboTax has zero on line 6b, the most likely explanation is that you made the error that DoninGA described above.  
Line 9a Form 2441 is saying 200. I mean, Line 2 of Schedule DC says Enter 9A of form 2441, so it is also 200. What I am asking is that I thought the Law says a minimum of 20% of the 6k Expense Ca... See more...
Line 9a Form 2441 is saying 200. I mean, Line 2 of Schedule DC says Enter 9A of form 2441, so it is also 200. What I am asking is that I thought the Law says a minimum of 20% of the 6k Expense Cap. (We're way over that number.)    Does the PA $1,200 floor apply to the gross expenses before the DCA subtraction, or only the net credit after?  That's not how I would be interpreting this--- I mean, why sign up for a DCA if I'm leaving a grand on the table?
if you entered a bad SSN on your tax return, it should be rejected, then you should be able to go to the personal info page or the dependent page and fix it. Then you can refile. 
no one on this forum or TurboTax knows why. Only the IRS. you can wait for the letter/notice of explanation which will include instructions on how to challenge the IRS findings and what documents to ... See more...
no one on this forum or TurboTax knows why. Only the IRS. you can wait for the letter/notice of explanation which will include instructions on how to challenge the IRS findings and what documents to provide or you could call them. 800-829-1040
You have not actually asked a question.    What is your question?    What are you trying to do?
Your passive carryover loss should be reported on the Activity Worksheet for the rental property under the Hawaii forms. Line 7 reports Passive disallowed loss (carryover to next year).   Since y... See more...
Your passive carryover loss should be reported on the Activity Worksheet for the rental property under the Hawaii forms. Line 7 reports Passive disallowed loss (carryover to next year).   Since your federal return uses the Hawaii rental losses to offset other income, you won't have a carryover loss on your federal return next year. But the disallowed passive loss can be used on your Hawaii return in the future when you have passive income.
What is showing on line 9a of your form 2441?     What is showing on line 2 of Schedule DC?