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a week ago
1 Cheer
No one knows what will happen in the future, certainly possible that Intuit will eventually exit desktop but I would think it's still years away. TT Online/Live has about 35mil returns for $4bn r...
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No one knows what will happen in the future, certainly possible that Intuit will eventually exit desktop but I would think it's still years away. TT Online/Live has about 35mil returns for $4bn revenue growing 8-10% whereas desktop is 4mil users for $200mil revenue shrinking 5% annually. Intuit made some moves this year to cut support on things they projected would have low users/revenue - Win10, ItsDeductible (100k users) and Basic Desktop edition. Clearly Intuit are pushing towards online where the growth is, who knows the net effect of the changes this year on the desktop user base but it could take a step down to 3.5mil or less, we'll see in the earnings next year. It's probably easy decision to trim support around services only used by a few hundred thousand, but exiting desktop altogether for a few million users is a bigger move.
a week ago
Thanks for the speciality in your response and the link to the mad status description. Seems our situation will be dictated by MA rules to file Fed as married separate and the do the same for each st...
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Thanks for the speciality in your response and the link to the mad status description. Seems our situation will be dictated by MA rules to file Fed as married separate and the do the same for each state, MA and RI for each resident as well as non-resident based on income earned in that state. We don’t itemize deductions with the new standard and the SALT cap.
a week ago
Thanks DoninGA! I recall that was the case in the past. Does anybody else have some insight on whether future TT will only be web-based?
a week ago
I already have Microsoft Visual C++ 2015-2022 Redistributable and a more current Microsoft .NET than 4.8 installed on my PC, since I keep Windows 11 current. I am concerned that the TurboTax installa...
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I already have Microsoft Visual C++ 2015-2022 Redistributable and a more current Microsoft .NET than 4.8 installed on my PC, since I keep Windows 11 current. I am concerned that the TurboTax installation process may uninstall my current versions and install their older versions, and that my other programs may not run properly anymore. Does anyone know if this will happen? I need to know before I try installing TurboTax 2025.
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a week ago
@hollidaytracina7 Sorry, but e-filing of 2024 tax returns using TTX software has been closed for at least two weeks now...and will open up again ONLY for 2025 tax returns when the transition to ...
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@hollidaytracina7 Sorry, but e-filing of 2024 tax returns using TTX software has been closed for at least two weeks now...and will open up again ONLY for 2025 tax returns when the transition to 2025 filing has been completed and available. Thus, you will have to print and mail-file whichever 2024 tax returns you had not successfully e-filed before (Fed, State or both). ________________________ If you've finished them, but just haven't filed them, then you may be able to download a PDF of each/both from your Online account, either now, or sometime in the next few weeks from the prior year area of your account. If you haven't finished them, then you will have to download and install the "Desktop" software (for full Windows or MAC computers only) and make the appropriate corrections/edits, then print and mail file them (Fed and state, if both are needed, go to different addresses). IF you are getting refunds, there is usually no penalty for filing late. ______________ If you already paid for the "Online" software when you originally filed, you may be able to get a free desktop software download from Customer Support next week, (not open now on weekends) : How do I contact TurboTax?
a week ago
Per the License Agreement - You can install the TurboTax 2025 desktop software on up to 5 computers that you personally own.
a week ago
I’m now preparing for year-end tax planning. In the past, I would download the TT Software to my desktop computer and start my return in January – February. During the March–April time period, I wo...
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I’m now preparing for year-end tax planning. In the past, I would download the TT Software to my desktop computer and start my return in January – February. During the March–April time period, I would vacation somewhere and install my already purchased TT on my laptop to complete my return and file at a different location. Am I still going to be able to install TT on multiple machines? I thought I read somewhere that the future years TT will be only web-based. Is this correct? I am a long-time user of TT and prefer the peace of mind that my return is not sitting out there, with all the details that went into creating it, on some server. Is TT doing away with downloading the TT executable software onto our personal devices? Or, will it be optional to use the web or our own devices?
a week ago
If TurboTax offers a 2025 tax refund advance, it will not be available until after January 1, 2026 and you will need to have completed the 2025 tax return with a tax refund before the offer will even...
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If TurboTax offers a 2025 tax refund advance, it will not be available until after January 1, 2026 and you will need to have completed the 2025 tax return with a tax refund before the offer will even become available.
a week ago
You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
...
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You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
Or did you use the desktop version of TurboTax? If so, the files are on your own hard drive or any backup device you used like a flash drive.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei
https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0
You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc
In order to transfer a past year return to the new return you need the tax file
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl
NOTE: TurboTax and the IRS save returns for seven years. Returns older than seven years are purged.
a week ago
E-filing is permanently closed for 2024 returns. The only way you can file a 2024 return now is to print it, sign and date it in ink, and mail it in.
When you mail a tax return, you need ...
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E-filing is permanently closed for 2024 returns. The only way you can file a 2024 return now is to print it, sign and date it in ink, and mail it in.
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
a week ago
E-filing is closed---so "fixing" your return will not enable you to e-file. Most rejections are for AGI. AGI no longer matters. A 2024 return can only be filed by mail now. You will need to p...
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E-filing is closed---so "fixing" your return will not enable you to e-file. Most rejections are for AGI. AGI no longer matters. A 2024 return can only be filed by mail now. You will need to print it, sign and date it in ink, and mail it in an envelope.
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
a week ago
You will not be able to use "refund processing" now because e-filing is permanently closed for 2024 returns. Your fees must be paid upfront using a credit or debit card. Your 2024 return has to be...
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You will not be able to use "refund processing" now because e-filing is permanently closed for 2024 returns. Your fees must be paid upfront using a credit or debit card. Your 2024 return has to be filed by mail in an envelope.
You will be able to access the 2024 return you started by using the exact same account and user ID that you used when you started it. But you can no longer use online software for any further changes.
Online tax preparation and e-filing for 2024 returns is now permanently closed. The system is in transition from 2024 to 2025.
Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2024 return, you now have to complete it using desktop software, which you must download to a full PC or Mac (not to a mobile device).Then you need to print, sign and mail it.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe
If you already paid for your online software you can ask customer support for a download of the desktop software.
They are available from 5 a.m. to 5 p.m. Pacific time Monday - Friday
https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number
If you are getting a refund, there is no penalty for filing late. If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe. Only the IRS will calculate this—TurboTax will not calculate it.
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
a week ago
So sorry for your loss. You will need to get his W-2 from the employer. Are you trying to prepare a 2024 return or starting to work on 2025? The employer has until the end of January 2026 to is...
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So sorry for your loss. You will need to get his W-2 from the employer. Are you trying to prepare a 2024 return or starting to work on 2025? The employer has until the end of January 2026 to issue a W-2 for 2025.
For the year that your spouse died, you can still file a joint return. That way, you will get the 2024 married filing jointly standard deduction of $29,200 (+ $1550 for each spouse 65 or older) which will lower the amount of income you are taxed on. For a 2025 return those amounts are $31,500 (+ $1600 for each spouse 65 or older) and an extra $6000 deduction for each spouse 65 or older--phased out at certain income levels.
In My Info, you will need to indicate that your spouse died. When his name is in My Info, there is a screen early in the interview that asks "Do any of these apply to [name] ?’” where you will do that, and then a drop down will appear where you can enter the date he passed.
If you have qualifying dependent children you will be able to file as a qualifying surviving spouse (QSS) for the next two years after this tax return. Post back if you need further help.
https://accountants.intuit.com/support/en-us/help-article/tax-filing-status/claiming-qualified-surviving-spouse-filing-status/L7al83jU1_US_en_US
a week ago
2 Cheers
MA won’t let you file jointly. You and your spouse must both be MA residents, with the same residency period.
https://www.mass.gov/info-details/filing-status-on-massachusetts-personal-income-tax#...
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MA won’t let you file jointly. You and your spouse must both be MA residents, with the same residency period.
https://www.mass.gov/info-details/filing-status-on-massachusetts-personal-income-tax#married
TurboTax will let you create tax returns for federal MFJ and state MFS. Unless things have changed, you need the desktop version for this.
a week ago
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a week ago
I am currently selling online with goods and would like to switch to LLC. I am trying to understand the assets transfer portion. For example, if I own $4,000 parts and want to transfer to my LLC, wo...
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I am currently selling online with goods and would like to switch to LLC. I am trying to understand the assets transfer portion. For example, if I own $4,000 parts and want to transfer to my LLC, would LLC purchase the good from myself and mark as inventory with cost under the LLC? I would then file an income tax because I sold the items, correct? Or could it be mark as lose only when the item is sold?
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a week ago
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