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yesterday
I do have the system requirements for it, which is why I'm confused and asking the community. I'm unsure if it's because I have to PURCHASE the desktop version, which is what a previous poster sugges...
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I do have the system requirements for it, which is why I'm confused and asking the community. I'm unsure if it's because I have to PURCHASE the desktop version, which is what a previous poster suggested. I appreciate your suggestion of asking someone else to download the software for me!
yesterday
This is super helpful, thank you! However, I'm unsure which desktop version I need to purchase. My filing was pretty straightforward & simple for 2021, but I did work as an independent contractor tha...
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This is super helpful, thank you! However, I'm unsure which desktop version I need to purchase. My filing was pretty straightforward & simple for 2021, but I did work as an independent contractor that year as well. Do you have recommendations as to which version I should purchase? I recently found out via the IRS, while communicating on a separate matter, that I had not filed for 2021. I owe money and am not due a refund for that year.
yesterday
Yes, in TurboTax the "personal days" only means AFTER it was converted to a rental. In most cases that is zero. Yes, you need to manually prorate the annual expenses such as mortgage interest, r...
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Yes, in TurboTax the "personal days" only means AFTER it was converted to a rental. In most cases that is zero. Yes, you need to manually prorate the annual expenses such as mortgage interest, real estate taxes, insurance, etc. But 2024 was a leap-year, it has 366 days.
yesterday
CA adjustments
Fed amounts $66,201 part 1/A WAS IN
Part 1/B subtractions $66,201
That why CA ask to add back $66,201 to income
I need to paid tax $5,993 AND $1,178.17 for interest 4/15/22 to 4/15/2...
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CA adjustments
Fed amounts $66,201 part 1/A WAS IN
Part 1/B subtractions $66,201
That why CA ask to add back $66,201 to income
I need to paid tax $5,993 AND $1,178.17 for interest 4/15/22 to 4/15/25
How turbotax do that
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yesterday
Qualifying Relative and eligible to be claimed as a dependent the rules are - all must be met:
lived in your household the entire year (temporary absences are ignored)
their gross income for 2...
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Qualifying Relative and eligible to be claimed as a dependent the rules are - all must be met:
lived in your household the entire year (temporary absences are ignored)
their gross income for 2024 less than $5050
you provide over ½ their support.
they aren’t a qualifying child of another taxpayer.
you can’t be claimed as a dependent
they must be a US citizen, resident alien or national or a resident of Canada or Mexico
you cannot claim head of household because your fiancé is not related to you by blood
yesterday
Whatever you and your boss decide is fine as long as the tips are accurately reported on your return.
yesterday
Maybe---but he would have to meet the criteria to be a "qualified relative" dependent. For tax year 2024, if he earned more than $5050, he cannot be claimed as anyone else's dependent.
...
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Maybe---but he would have to meet the criteria to be a "qualified relative" dependent. For tax year 2024, if he earned more than $5050, he cannot be claimed as anyone else's dependent.
Qualifying relative
They don't have to be related to you (despite the name).
They aren't claimed as a dependent by someone else.
They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident.
They aren’t filing a joint return with their spouse.
They lived with you the entire year (exceptions apply).
They made less than $5050 in 2024. (Not counting Social Security)
You provided more than half of their financial support.
When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent.
Related Information:
What does "financially support another person" mean?
yesterday
your post is from the free edition which does not include form 4684. you would have to upgrade.
what is the FEMA code it would have DR or EM and a 4 digit number. not all disasters are qualifie...
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your post is from the free edition which does not include form 4684. you would have to upgrade.
what is the FEMA code it would have DR or EM and a 4 digit number. not all disasters are qualified federal disasters, if not, first your loss is reduced by $100 then by 10% of your federal adjusted gross income
if it's not a federally declared disaster there is no deduction except for business property.
also make sure the proper section is completed
yesterday
Your post is not clear. What is the source---exactly--- of the survivor income that is being sent for the children? Is it Social Security? If the children are receiving Social Security survivor ...
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Your post is not clear. What is the source---exactly--- of the survivor income that is being sent for the children? Is it Social Security? If the children are receiving Social Security survivor benefits--even if the checks are payable to you for now---that is not income that you enter on a tax return. If they are getting a SSA1099 for that money, it does not get entered on a tax return until someday--if-- the child has other income like pay from an after school job, etc. and files a tax return. In that situation, the SSA1099 income would go on the child's income tax return--not on yours.
If the income is coming from some other source, please explain clearly.
yesterday
The State of Missouri no longer pays me for 2 minor children. I was their paid caregiver before the demise of their parents. I am on SSI and receive payment from survivor income of these 2 child...
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The State of Missouri no longer pays me for 2 minor children. I was their paid caregiver before the demise of their parents. I am on SSI and receive payment from survivor income of these 2 children who is in my care. Even though their survivor income is tax free also, Can I claim the portion that I receive for caregiving as income on my taxes? There is no W-2. What do I need to file showing these funds received as income? Can I claim these children as my dependants and be the caregiver and the employee for these 2 minor children?
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yesterday
I mistakenly said I no longer had an interest in a rental property LLC. Is there a way to add back the link to the prior years' information for that LLC or must I do that manually? How can I add bac...
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I mistakenly said I no longer had an interest in a rental property LLC. Is there a way to add back the link to the prior years' information for that LLC or must I do that manually? How can I add back the carryover information (passive loss - anything else?) from prior years for that LLC?
yesterday
I want to make sure this is filed correctly as I know clergy taxes can be tricky.
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yesterday
Thanks, but my question is, since we declare the tips every two weeks, it is already in there when i start the taxes and part of the W2. But, seperately, while preparing, TT will ask for ANY undec...
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Thanks, but my question is, since we declare the tips every two weeks, it is already in there when i start the taxes and part of the W2. But, seperately, while preparing, TT will ask for ANY undeclared tips which are NOT REPORTED on the W2. My question is, instead of reporting them to our boss every two weeks, can I just “Lump Sum” the entire year. That would mean, our tips would NOT show on the W2 and instead be inserted by me one time. Either way, the same Tip Total will be included, it just changes how and when reported. Al
yesterday
Thank you, Sir Let me also try and request a refund of the tax paid.
yesterday
UPDATE MY ACCOUNT
https://ttlc.intuit.com/community/account-updates/help/how-do-i-update-my-turbotax-account-information/00/25927
yesterday
When you report tips on your return you will be reporting the yearly total. Keep good records to support that amount in case of an audit.
yesterday
"now I receive calls to help solve my tax debt."
The IRS NEVER phones you. If you are receiving phone calls regarding a tax debit, it is a scam. Give NO information to anyone who is callin...
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"now I receive calls to help solve my tax debt."
The IRS NEVER phones you. If you are receiving phone calls regarding a tax debit, it is a scam. Give NO information to anyone who is calling you about a tax debt.
yesterday
Can I replace the email address associated with my Turbo Tax account?
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yesterday
Many users have multiple accounts. If you prepared your tax return, filed it, and it has been processed by the IRS then you can ignore the emails that are being generated by an "old" account.