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Thank you @PatriciaV . There are a few issues with entering the section 988 gain in Schedule 1, which is provided in my K-1 box 11 with code ZZ. TT first reports an error asking for code ZZ to be f... See more...
Thank you @PatriciaV . There are a few issues with entering the section 988 gain in Schedule 1, which is provided in my K-1 box 11 with code ZZ. TT first reports an error asking for code ZZ to be fixed The fix takes me to a QuickZoom I enter the section 988 gain in "Other nonpassive income (loss) to be reported on Schedule E, page 2" ... which automatically flows the amount to Schedule E p2, and then to Schedule 1 line 5 Your answer indicates the section 988 amount should be entered in Schedule 1 line 8z . How do I get TT to flow the Quickzoom answer to line 8z and also resolve the error?
No, I have not filed because Turbo TAX could not file the election electronically and I did not wan to print out 75 pages required and snail mail.  Am considering another option for tax filing 2025 u... See more...
No, I have not filed because Turbo TAX could not file the election electronically and I did not wan to print out 75 pages required and snail mail.  Am considering another option for tax filing 2025 unless I am able to elect this form using Turbo TAX and send electronically.
as you figure out alternative, note the 'big bill' changes starting tax year 2026: - for itemizers there will be a floor for total charitable deductions of 0.5% of AGI - for non-itemizers an additi... See more...
as you figure out alternative, note the 'big bill' changes starting tax year 2026: - for itemizers there will be a floor for total charitable deductions of 0.5% of AGI - for non-itemizers an additional deduction up to $1000 (single filers) or $2000 (MFJ) for cash gifts   https://www.dafgiving360.org/tax-law-changes
are you trying to figure out estimated tax also to avoid penalty?  check Form 2210 for the safe harbor calcs and options.  if this is a big jump income your safe harbor may be based on prior year tax... See more...
are you trying to figure out estimated tax also to avoid penalty?  check Form 2210 for the safe harbor calcs and options.  if this is a big jump income your safe harbor may be based on prior year tax.  if you made estimated tax payments unevenly and later in the year, you may need to file Form 2210 Annualized Income method to hopefully reduce or eliminate any penalty.
To report the gain or loss from an investment sale in 2024 you will need to use the 2024 TurboTax Premium online edition or any of the 2024 TurboTax desktop editions -    TurboTax Online editions... See more...
To report the gain or loss from an investment sale in 2024 you will need to use the 2024 TurboTax Premium online edition or any of the 2024 TurboTax desktop editions -    TurboTax Online editions - To enter an investment sale - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales On the screen Did you have investment income in 2024? click on Yes On the screen Let's import your tax info click on Enter a different way On the screen OK, let's start with one investment type, select the Investment Type and Continue On the screen Tell us more about this sale enter a Name and Continue On the following screen select the type of investment sale on the dropdown What type of investment did you sell? Continue with this section until it completes.   Using the desktop editions - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales   On the next screen click on Yes On the next screen click on Skip import On the next screen, select Other and continue    
Thank you for the answer. My K-3 has an amount in column f. Here are the particulars better organized for readability: Using Turbotax Premier, filing 1040, tax year 2024 K-1 has Part III box 16 ch... See more...
Thank you for the answer. My K-3 has an amount in column f. Here are the particulars better organized for readability: Using Turbotax Premier, filing 1040, tax year 2024 K-1 has Part III box 16 checked In K-3, parts 1-4 and 9-10 apply (K-3, first page, section E. these boxes are checked) Part II, Line 24, there is an amount in: Column (a - US Source) Column (f - Sourced by partner) Column (g - Total) What country do I select in the Turbotax K-3 dropdown asking for "Foreign Country or US Territory"? 
See this TurboTax support FAQ on how to file if your spouse is a nonresident alien - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/file-taxes-spouse-nonresident-a... See more...
See this TurboTax support FAQ on how to file if your spouse is a nonresident alien - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/file-taxes-spouse-nonresident-alien/L4AuRKrMd_US_en_US?uid=m7jhv066
@ davinnterarich72  wrote:  "I filed for my 2023 but never got them"   There are some things you need to investigate before phoning the IRS and/or state tax agency:   First, you need to be sure t... See more...
@ davinnterarich72  wrote:  "I filed for my 2023 but never got them"   There are some things you need to investigate before phoning the IRS and/or state tax agency:   First, you need to be sure the 2023 return was successfully filed. It depends on how you chose to file the return.   If you filed a paper return by mail, TurboTax does not mail it for you.  If you chose that method, you would have had to print it, sign it, date it, and mail it yourself.     If you efiled, double-check to be sure the return was efiled successfully and accepted.  If you used Online TurboTax, you can sign in to your Online Account and check the efile status at the Tax Home.  For 2023, look in the section low down on that page called "Your Tax Returns & Documents" and choose tax year 2023.  What word is used there for the status:  accepted, rejected, printed, started, ready to mail, or something else?  And if there was a state return, what does it show for the state? If that showed the Federal return was accepted, (or if you mailed a paper return), you can use the "Where's My Refund" tool at the IRS website below to check the status of your Federal refund.   Is there any message there? https://www.irs.gov/wheres-my-refund   Here are some tips when using that IRS tool:   Be sure you enter the correct tax year, SSN, and filing status. Be sure you are using only the Federal refund amount.   Do not include any state refund or any total refund or net refund (Fed and State) that TurboTax may have provided on a summary screen.   Look at your actual Federal return to get the Federal refund amount to use in the tool, i.e., your Form 1040, Line 35a. If there was also a state return: FAQ:  How do I track my state refund? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   Your next steps would depend on what you found when you checked the things above.
I started looking for alternatives figuring that TurboTax is losing a major differentiating factor.  I found this today, perhaps it is useful to you also: https://claimyr.com/government-services/i... See more...
I started looking for alternatives figuring that TurboTax is losing a major differentiating factor.  I found this today, perhaps it is useful to you also: https://claimyr.com/government-services/irs/Best-ItsDeductable-alternatives-for-valuing-charitable-donat[product key removed]ntinuation/2025-04-11 Not every product has an alternative, and sometimes what they call it is not what the product calls it.  Happy hunting!  I hope everyone finds a way to cope with this lack of customer concern decision.
I'm in the same place as everyone else.  I'm investigating alternatives.  I found this today, which may be useful to everyone: https://claimyr.com/government-services/irs/Best-ItsDeductable-altern... See more...
I'm in the same place as everyone else.  I'm investigating alternatives.  I found this today, which may be useful to everyone: https://claimyr.com/government-services/irs/Best-ItsDeductable-alternatives-for-valuing-charitable-donat[product key removed]ntinuation/2025-04-11 Just be careful, as everyone uses the same name for a replacement, but not all the products have it.
You can use this tool: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1   If you used the download (desktop) version of TurboTax (TT), that is, you currently have TT 2024 on your ... See more...
You can use this tool: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1   If you used the download (desktop) version of TurboTax (TT), that is, you currently have TT 2024 on your computer, you can make a copy of your 2024 return (click file / save as). Name it something like "2025 Preliminary" and then replace your 2024 entries with your 2025 estimates. It won't be exact because the program uses 2024 tables and numbers. But, it should be close enough for most purposes. I use the override feature to change the standard deduction and MAGI numbers, on the forms, where appropriate. This doesn’t work with TT online (TTO), because you will override your 2024 return
ESU is extended "security" updates, not extended support, other than the cost of ESU, nothing has changed for Win 10 end of support.  See what happens next few weeks, but whether it costs you $30 or ... See more...
ESU is extended "security" updates, not extended support, other than the cost of ESU, nothing has changed for Win 10 end of support.  See what happens next few weeks, but whether it costs you $30 or $0 probably doesn't change anything for Intuit, desktop s/w is 1% of their revenue declining 5% annually while everything else they do is growing 10%.
Thank you, I had not considered the demolition costs. The original home and the land it was on was one price when purchased. Does it need to be separated or just use the original purchase figure?
@christenrowles wrote:  I need to get a copy of my state taxes, but when I attempt to download them turbo tax will only give me the federal one. Any idea how I get the state one?   I filed both on ... See more...
@christenrowles wrote:  I need to get a copy of my state taxes, but when I attempt to download them turbo tax will only give me the federal one. Any idea how I get the state one?   I filed both on turbo tax.   I assume you are asking about your 2024 return.  The Federal and state returns "should" be in the same PDF.  If they aren't, there is an additional way in Online TurboTax to download 2024 returns which gives you a choice of PDFs.    To do that, you will have to open your return interview back up and go to the Print Center.  Here's how:   NOTE:  Since you have already filed your returns, do NOT make any changes in them when you open your interview back up.   If you ever have to prepare an amended return, it has to start off exactly as it was when it was originally filed.   Log in, and it may open in the Tax Home.  If not, go to the Tax Home.    On the Tax Home page look for a link "Add a State."  (You don't really add one.  That's just to open your return back up.) After the return interview is open, click in the left menu column on the tab TAX TOOLS, then the subtab PRINT CENTER. Then choose "Print, save, view this year's return." The next screen should offer various options, including:  "Just my tax returns", or "include government worksheets (optional)", or "include government and TurboTax worksheets (optional.)"  The latter has the most pages. NOTE:  Remember all PDF tax documents and tax data files are very sensitive files, since they contain your personal ID info, financial data, and possibly bank account numbers, etc.  Be sure to store them safely and securely to guard against computer theft, hacking, etc.
If you are self-employed, you enter your business expenses on your Schedule C.  Are you using desktop download software or or are you using online Premium?   If you have self-employment income fo... See more...
If you are self-employed, you enter your business expenses on your Schedule C.  Are you using desktop download software or or are you using online Premium?   If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.     https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653   https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp     If you live in a state with a state income tax, you might need to make estimated payments to your state.   https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payments/L5svMESaC_US_en_US?uid=mdna5aoh     https://turbotax.intuit.com/tax-tools/calculators/self-employed/   https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6a6gknk   https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad   https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/self-employed-expenses-deduct/L37ZS1B8T_US_en_US?uid=m6fntpg7  
@Mike9241 Thank you for the clarification.  I think Option 2 may be best for me, as using the self-identified corrections for 2023 in preparing my 2024 return may reduce the likelihood of an IRS adju... See more...
@Mike9241 Thank you for the clarification.  I think Option 2 may be best for me, as using the self-identified corrections for 2023 in preparing my 2024 return may reduce the likelihood of an IRS adjustment for 2024.  If they find something else in 2024, chips fall, and I will deal with it in due course as usual.  I understand that my 2024 return, like my 2023 return, may take a long time to resolve.      Mike, in my reply two boxes above, do you see anything off base in the concept and labeling of the "informational attachment returns" that I may need to submit with a dispute and explanation if I get a notice?  My intention with that approach is to try and make my written submissions clear, with submission dates, to help avoid confusion that may result from the long delays at the IRS in opening mail, etc.  Am I right that such "informational attachment returns" should not be signed, to distinguish them from my official filed returns and amended returns?  Would appreciate your take on this aspect.   Thanks so much.