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a week ago
It should be in the email. Where to find the License Code https://ttlc.intuit.com/community/tax-topics/help/i-can-t-find-my-license-code/01/852973 Amazon how to download and install your softw...
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It should be in the email. Where to find the License Code https://ttlc.intuit.com/community/tax-topics/help/i-can-t-find-my-license-code/01/852973 Amazon how to download and install your software order https://www.amazon.com/gp/help/customer/display.html?nodeId=G2CJPY7HHXBLMR5E To get the License Code from Amazon, One user said...... I was just having this same issue, but I just figured it out. So I thought I'd share in case you are still looking for an answer. Go to Your Account; then Digital Games and Software (under Digital Content and Devices section at the bottom middle); your TurboTax purchase should show there under Downloads and Codes; the license code will be the 16 digit code next to "Activation Key". Hope this helps!
a week ago
My husband died in 2024, and I used TurboTax to file our final married-filing-jointly return for 2024. I am not a qualified widow, so will need to start filing as single taxpayer for 2025 and beyond...
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My husband died in 2024, and I used TurboTax to file our final married-filing-jointly return for 2024. I am not a qualified widow, so will need to start filing as single taxpayer for 2025 and beyond. I understand that I must set up a new, separate TurboTax account for 2025 and following years. Is it true that I cannot transfer data from our joint returns to my new account? Also, how can I continue to access the data from the years when we filed jointly? Thanks.
a week ago
I am using Turbo Tax Premier Desktop and after I enter my W2=G gambling wins, it just exits to the summary view and does not offer me a chance to enter my gambling losses. Is there any other waty to...
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I am using Turbo Tax Premier Desktop and after I enter my W2=G gambling wins, it just exits to the summary view and does not offer me a chance to enter my gambling losses. Is there any other waty to access the gambling loss screen so I can enter my losses?
a week ago
I have TT 2022, 2023, and 2024 Federal and state installed on my desktop computer. I upgraded to Windows 11 Home Version 10.0.26100 (the current version and none of the TT versions work. I get Error ...
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I have TT 2022, 2023, and 2024 Federal and state installed on my desktop computer. I upgraded to Windows 11 Home Version 10.0.26100 (the current version and none of the TT versions work. I get Error 190 when trying to open an existing TT file. I followed these instructions for TT 2024 and got the same result. "Follow these steps to fix the error: Open TurboTax and select Start a New Return. Go to the State Taxes tab. Download the states you need. There may be a fee if you need more than one state or if your version of TurboTax doesn't include one free state download. Close TurboTax. Reopen TurboTax. Open the file that generated the error." I still get taken to a spot telling me to pay for a state license I already own. Is there a registry key or ??? that needs to be changed? I really don't want to spend an hour on telephone hold.
a week ago
I have no idea how TurboTax would actually handle this scenario, but when you convert to 100% rental (business) use, then you would use the adjusted basis of the property for depreciation purposes (o...
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I have no idea how TurboTax would actually handle this scenario, but when you convert to 100% rental (business) use, then you would use the adjusted basis of the property for depreciation purposes (or the FMV if that is lower than the adjusted basis). Again, I believe TurboTax is calculating this correctly as you would not use a new recovery period, but the deduction would increase as a result of the increased business usage.
a week ago
I am not seeing the tax amount changed for NJ even though I have made the adjustments. I went to forms and the form still shows the full amount as exempt. In the form, it says amount attributed to ...
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I am not seeing the tax amount changed for NJ even though I have made the adjustments. I went to forms and the form still shows the full amount as exempt. In the form, it says amount attributed to NJ (applicable only to PY residents or non-residents). I am a full year resident. Should I assume then all the exempt interest is excluded from NJ income irrespective of state?
a week ago
> Say I have a condo with cost basis of $27.5k, if I depreciate it over the regular period of 27.5 years, it's $1k a year. Now let's say for the first 10 years I only use 50% of the property for bus...
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> Say I have a condo with cost basis of $27.5k, if I depreciate it over the regular period of 27.5 years, it's $1k a year. Now let's say for the first 10 years I only use 50% of the property for business use (say I'm renting out one of two bedrooms). After 10 years, I'll have depreciated $5k (so 50% of 10*$1k), with 22.5k remaining value. Now let's say after 10 years, I'm converting from 50% business use to 100%. I only have 17.5 years of life left, so if I keep depreciating at cost basis / 27.5 rate, I won't be able to fully "use up" it's remaining value, but I'll end up with 22.5-17.5 of "undepreciated value". Well, based on my example above, Turbotax would depreciate $22.5k / 17.5 years = $1.28k (remaining value / remaining life) = instead of $27.5k / 27.5 years =$1k from year 11 onwards. This can be interpreted as "catching up" the missed depreciation from personal use. Is your interpretation that this is accurate?
a week ago
If TurboTax calculated the prior depreciation correctly, then the calculation after conversion to 100% rental use should be correct. The recovery period would not change.
a week ago
Some years we rented the whole place for part of the year. Yes, Turbotax has a form to separate business days and personal days and correctly calculates the depreciation for those years. The issu...
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Some years we rented the whole place for part of the year. Yes, Turbotax has a form to separate business days and personal days and correctly calculates the depreciation for those years. The issue is that now that we've moved out and converted to 100% business, Turbotax calculates the depreciation as "remaining value / remaining life" (cost basis - prior depreciation taken, which was based on less than 100% business use), which is higher than "initial cost basis / 27.5" and I want to make sure it's correct. It should have all the information of fluctuations in business use from prior years, but don't think it's using it for this calculation.
a week ago
I have short term gains and long term losses. Turbo tax is not allowing me to offset the short term gains with L/T gains and I'm being taxed on S/T gains while losses are carried forward.
a week ago
Turbotax IT says my return has not been received by TT. There is no duplicate.
a week ago
Sounds like a 2024 tax return with your Social Security number has already been filed.
If you did not file a 2024 federal tax return and you know a return with your SSN was not filed on someone...
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Sounds like a 2024 tax return with your Social Security number has already been filed.
If you did not file a 2024 federal tax return and you know a return with your SSN was not filed on someone else's tax return you should contact TurboTax support for assistance.
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=lfgviwbm
a week ago
1 Cheer
Hello, I don't know if anyone is still hanging out here in October but since it is now the weekend and there is no support, I figured I would try here. (And thanks in advance.) And, sorry this got so...
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Hello, I don't know if anyone is still hanging out here in October but since it is now the weekend and there is no support, I figured I would try here. (And thanks in advance.) And, sorry this got so long but I kept adding more info as I found it. I've been working on this for HOURS. I was working on taxes in the morning and TurboTax was FINE. Now when I log in, a window comes up that says - activation and - enter your license code. When I do, a message comes up saying that "this code has already been used by another system." So it's like it loaded in a whole new copy of the software. I also fear that if/when I DO get it open, it will be blank, as it seems to be activating a new copy. I looked in my folder and now there are two identical copies of TT, and both ask for the activation code. I've been looking around and it seems like this is a pretty common problem. Nothing changed on my computer in those two hours between working on it and it going down. I saw one solution by TT Disable antivirus - did it, didn't work. Reboot modem. Did it, didn't work. Don't have a VPN. Tried to reset TCP/IP, setting weren't the same as they said on the instructions so I didn't mess with it. IP config - same as above. Another solution was to take out your flash drive - don't have one in. The only other solution I have seen is to call TT and get a new code. I'll try on Monday but not holding out much hope for that. Does anyone have a fix for this, so I can get back to working on taxes?? Thanks!
a week ago
And clearing out your cache does not help.
a week ago
Are you just renting a spare bedroom in your house via AirBnB? I believe you can simply input the days of use in TurboTax for the purposes of reporting the income and expenses.
a week ago
Thanks for the quick response! In general, how do people deal with rental units with varying degrees of business use (e.g. I would imagine each and every Airbnb host has this problem??). How woul...
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Thanks for the quick response! In general, how do people deal with rental units with varying degrees of business use (e.g. I would imagine each and every Airbnb host has this problem??). How would I capture this in Turbotax? Does it change anything if I went from 100% business use to, say, 50% for a few years and then back to 100%? Finally, I've stumbled upon 26 CFR § 1.168(i)-4 - Changes in use and found mentions (from chat bots that I don't necessarily trust) that - in case of increases in business use - Per Reg. §1.168(i)-4(d)(4), the depreciation rate must be reset using the "Remaining Basis over Remaining Life" (so this would effectively "catch up" the depreciation).
a week ago
a week ago
Do you need to file your personal 1040 tax returns with Schedule C or a separate Business return? What QuickBooks version are you using? Desktop or Online? You might be able to import QuickBooks...
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Do you need to file your personal 1040 tax returns with Schedule C or a separate Business return? What QuickBooks version are you using? Desktop or Online? You might be able to import QuickBooks into Turbo Tax.
a week ago
Return was rejected because of missing IP PIN. I added the PIN and refiled. It didn't work. I got this. . . "TurboTax was unable to send your return to the Intuit Electronic Filing Center, for t...
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Return was rejected because of missing IP PIN. I added the PIN and refiled. It didn't work. I got this. . . "TurboTax was unable to send your return to the Intuit Electronic Filing Center, for the following reason: Transmission failed: The submission is a duplicate of one that was previously received.. Please contact customer support. Looks like we've had a technical hiccup." How can it be received and also rejected. It was definitely rejected.