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There is no restriction against a short-term rental.   And I am not aware of anything the indicates a lease is a form of ownership [Edit: well, REALLY long term leases like 30+ years may have a for... See more...
There is no restriction against a short-term rental.   And I am not aware of anything the indicates a lease is a form of ownership [Edit: well, REALLY long term leases like 30+ years may have a form of ownership].  "Rent" and "lease" are the same thing, but "lease" is often used for longer-term rental situations.   For the original poster, I'm not sure who "the company" is, so I can't comment on that (my first impression is his client is paying for a leased vehicle and letting him use it, in which case I agree he can't use the Standard Mileage Rate).
This is the user forum where we answer tax questions and help with navigating /using the software.   If you need to enter a claim for the accuracy guarantee:   https://ttlc.intuit.com/turbota... See more...
This is the user forum where we answer tax questions and help with navigating /using the software.   If you need to enter a claim for the accuracy guarantee:   https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/submit-claim-turb...  
Dear TurboTax Support / Audit Assistance Team, I am writing to request a refund for penalties and interest I incurred due to what appears to be a calculation error in the TurboTax software regarding... See more...
Dear TurboTax Support / Audit Assistance Team, I am writing to request a refund for penalties and interest I incurred due to what appears to be a calculation error in the TurboTax software regarding my First-Time Homebuyer Credit repayment. I originally received a $7,500 First-Time Homebuyer Credit in 2008 and have been making the required repayments since 2010. By the end of 2021, I had paid a total of $6,000. Beginning in 2022, TurboTax’s repayment calculation appears to have been incorrect, resulting in underpayments and subsequent IRS penalties: 2022: Paid $467 instead of $500 → IRS penalty $150.00 2023: Paid $467 instead of $500 → IRS penalty $594.00 2024: Paid $66 instead of $500 → IRS penalty $150.00 + interest $1.86 The correct repayment for each year should have been $500, but TurboTax computed and filed lower amounts for 2022 and 2023, and a significantly lower amount for 2024. These miscalculations directly caused a total of $895.86 in penalties and interest, which I paid to the IRS. Given that these penalties and interest were the result of incorrect calculations in the TurboTax software, I respectfully request a refund of $895.86. I have documentation from the IRS showing the amounts paid and the penalties assessed, and I am happy to provide them upon request. Thank you for your attention to this matter, and I look forward to your prompt resolution. Sincerely, John
Last year I asked about this for tax year 2023, and Intuit's response was to list the premium rebate as income, under miscellaneous income on Schedule C.  (https://ttlc.intuit.com/community/taxes/dis... See more...
Last year I asked about this for tax year 2023, and Intuit's response was to list the premium rebate as income, under miscellaneous income on Schedule C.  (https://ttlc.intuit.com/community/taxes/discussion/re-where-do-i-enter-aca-health-insurance-premium-rebate-as-income-when-filing-schedule-c-vs-a/01/3696845#M1367120)   Looking at this again for tax year 2024, I believe this answer may be incorrect, and here's why:  For 2024, I received a premium rebate of $242.  If I list that as miscellaneous income on Schedule C, my AGI goes up by $1201 due to the snowball of self-employment tax and how the healthcare premium tax credit is calculated; and I end up owing $251 more in taxes to the Feds + $41 more to the state.  So the additional tax liability exceeds the additional income, which just doesn't make sense!   This isn't additional income, it's a reduction in the healthcare premiums I paid -- and as I'm finding out there's a big difference.   You said I should claim the recovery the same way I claimed the expense.  The only way I can see to do that is to alter the data entered in Form 1095-A, for example reduce the premium paid by $242 for the month when I received the rebate.  I **think** that ripples through the return correctly, and I end up owing an additional $43 Federal and $8 State.  But I'm not at all sure if this is the correct way to account for this, and altering the 1095-A values from what the state marketplace sent me feels wrong -- in fact it feels like a great way to invite an IRS audit.    What is the correct way to handle this?  What am I missing here?
@AmeliesUncle wrote: @Opus 17 wrote: You can't use the standard mileage method for a vehicle you don't own.     Sure you can.  Publication 463 even has a paragraph about usin... See more...
@AmeliesUncle wrote: @Opus 17 wrote: You can't use the standard mileage method for a vehicle you don't own.     Sure you can.  Publication 463 even has a paragraph about using it for a lease.   Although in many cases using Actual Expenses for a leased/rented car will have a better deduction.     OK, but I think of a lease as more of a form of ownership.  I don't think a short-term rental would qualify.  And the thread originally started with a taxpayer who was paying for gas for a vehicle they drove but where a different entity was the lessor. 
Sorry if this one is old & cold.   However, after casting about for a while, the only reference I can find in the Code, Regs and IRS publications appears to be in the  temporary passive activity lo... See more...
Sorry if this one is old & cold.   However, after casting about for a while, the only reference I can find in the Code, Regs and IRS publications appears to be in the  temporary passive activity loss regulations. ((1.469-1T(e)(3) provides in part at (ii) that:   (ii) Exceptions. For purposes of this paragraph (e)(3), an activity involving the use of tangible property is not a rental activity for a taxable year if for such taxable year—   The average period of customer use for such property is seven days or less   I note that this provision regarding short-term rentals applies for purposes of one paragraph of the passive activity loss limitation. I have cast about a great deal to find other IRS pronouncements that would indicate that the seven day rule applies more broadly, in such a way that short-term rental income would be reportable on Schedule C instead of Schedule E. That would certainly be true where services were provided, but I question whether that would be the case in a standard short-term rental (e.g., VRBO) context.   Can you provide some authority for your position in that regard?
@Opus 17 wrote: You can't use the standard mileage method for a vehicle you don't own.     Sure you can.  Publication 463 even has a paragraph about using it for a lease.   Although ... See more...
@Opus 17 wrote: You can't use the standard mileage method for a vehicle you don't own.     Sure you can.  Publication 463 even has a paragraph about using it for a lease.   Although in many cases using Actual Expenses for a leased/rented car will have a better deduction.    
I don't understand your question.   Your MI state itemized deduction form lines 3a-3c calculates your state itemized deduction for taxes paid.  You can't deduct MI state income tax on your MI sta... See more...
I don't understand your question.   Your MI state itemized deduction form lines 3a-3c calculates your state itemized deduction for taxes paid.  You can't deduct MI state income tax on your MI state return.   So line 3a asks for your total federal SALT deduction.  Line 3b asks you to list MI state income taxes.  Line 3c is your allowable MI SALT deduction.   For example, suppose on your federal return you deducted income tax from two states, say Mississippi and Alabama, because you worked in both states.  And you deducted some property taxes.  Your MI state income tax is not deductible in MI, so this calculation takes your federal deduction, substrates the state deduction for MI income tax, which allows you to deduct your AL income tax and your property tax on your MI state return.   I don't see any "credit" or any adjustment for the fact that you might have paid more than $10,000 of state taxes and be limited by the cap.
I made several separate contributions to eligible organizations and have the appropriate certificates for each. Both the Forms view and the step by step view only seem to allow the entry of one contr... See more...
I made several separate contributions to eligible organizations and have the appropriate certificates for each. Both the Forms view and the step by step view only seem to allow the entry of one contribution. How do I enter the other donations, each of which has a separate certificate with a unique certificate number?
Originally posted under the wrong subcategory and can’t delete the post
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of ... See more...
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF) Or - When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2024 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.
my lawyer needs a copy of my returns for last 2 years and I cant find 2024 i found 2023 i believe
Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax giv... See more...
Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst  
And....what are you trying to do----did you get a letter from IL that says you still owe tax for 2017?   It is far too late to file a 2017 IL to get a refund for that tax year.  TurboTax saves return... See more...
And....what are you trying to do----did you get a letter from IL that says you still owe tax for 2017?   It is far too late to file a 2017 IL to get a refund for that tax year.  TurboTax saves returns for seven years, so your 2017 return is gone if you prepared it using online TurboTax.   If you still need to prepare and file a 2017 IL return, you could get the 2017 form from the state to prepare by hand, or you could seek local paid tax help.   No refund will be paid; if you owe tax due for 2017 you will need to pay the amount shown on the tax form and then wait for the state to bill you for late filing and interest.       https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0  
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finish... See more...
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.   Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday
Duplicate question. Please post your question only once. See the reply to your previous post of the same question.  
Duplicate post.  Please stick to one post to keep any answers together.   Your first post is  https://ttlc.intuit.com/community/taxes/discussion/turbotax-wrong-state-tax-calculations-terrible-suppor... See more...
Duplicate post.  Please stick to one post to keep any answers together.   Your first post is  https://ttlc.intuit.com/community/taxes/discussion/turbotax-wrong-state-tax-calculations-terrible-support-looking-for-suggestion-on-next-step-in/00/3697317