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yesterday
If you live in Alabama, married to a nonresident and did not live together on the last day of the year, you choose:
file MFJ with all income from both of you or
married filing separate with ...
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If you live in Alabama, married to a nonresident and did not live together on the last day of the year, you choose:
file MFJ with all income from both of you or
married filing separate with just your income.
if you are a military spouse, you have other options, see Armed Forces Tax Guide
Reference: AL instructions
yesterday
We own two homes. We added more panels to our main home and a new system to our second home. How do I claim the energy credit for both homes?
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yesterday
IRS form 1099-B may be imported from the provider, manually entered on a One-on-one basis or imported from a JPG of the IRS form 1099-B.
In TurboTax Online Premium, you may enter the IRS form 1...
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IRS form 1099-B may be imported from the provider, manually entered on a One-on-one basis or imported from a JPG of the IRS form 1099-B.
In TurboTax Online Premium, you may enter the IRS form 1099-B by following these steps:
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Investments and Savings and click the down arrow to the right.
Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
Click Add investments.
At the screen Let’s find your account, click Enter a different way.
At the screen How do you want to add your docs?, click Type it in myself.
At the screen OK, let’s start with one investment type, select Stocks, Bonds, Mutual Funds. Continue.
At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
Do these sales include any employee stock, click No.
Do you have more than three sales on your 1099-B, click No.
Do these sales include any other types of investments, click No.
Did you buy every investment listed on your 1099-B, click Yes. Click Continue.
At the screen Now, choose how to enter your sales, select One by one. Click Continue.
At the screen Look for your sales on your 1099-B, click Continue.
At the screen Now enter one sale on this 1099-B, enter information. Click Continue.
Repeat as necessary by clicking Add another sale. Click Continue.
At the screen Now, choose how to enter your sales, you may also select Sales section totals and import a .jpg of the IRS form 1099-B.
yesterday
When you have a 'shared' Marketplace policy and are also self-employed, TurboTax does not support the calculations for a self-employed health insurance deduction in this situation. If a marketplace ...
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When you have a 'shared' Marketplace policy and are also self-employed, TurboTax does not support the calculations for a self-employed health insurance deduction in this situation. If a marketplace policy is not 'shared with another taxpayer not on your return' then TurboTax can calculate your self-employed health insurance deduction for you.
If you choose your allocation for the shared policy as 100% and the other taxpayer indicates 0% on their return, you'll get a calculation for the deduction, but can't exceed net business income.
Here's more info on Self-Employed Health Insurance Deduction.
@dydyfedor-dydyfedor
yesterday
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yesterday
No not now. The advances have ended for this year. And it’s too late if you already filed to choose that.
yesterday
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yesterday
This is an ETF structured as a trust (same as GLD, SLV, etc.) that sells small quantities of the underlying metal to cover expenses. These sales are reported on 8949. In addition, the cost basis decre...
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This is an ETF structured as a trust (same as GLD, SLV, etc.) that sells small quantities of the underlying metal to cover expenses. These sales are reported on 8949. In addition, the cost basis decreases with each montly sale. I know I can calculate the new basis each year. I'm just not sure whether I report the basis for 2025 in my FY25 taxes, or the new basis going into 2026? I assume the former?
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yesterday
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yesterday
The FTB uses Form 3804, Pass-Through Entity Elective Tax Calculation and Schedule of Qualified Taxpayers to link credit payments to individual partner returns. Taxpayers can monitor PTE payments, inc...
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The FTB uses Form 3804, Pass-Through Entity Elective Tax Calculation and Schedule of Qualified Taxpayers to link credit payments to individual partner returns. Taxpayers can monitor PTE payments, including prepayments, via their MyFTB account under "Payment History" and "Estimate Payments & Credits".
To report California Pass-Through Entity (PTE) Elective Tax, qualified entities (S-corps, Partnerships, LLCs) must file Form 3804 with their original return and pay 9.3% of qualified net income. Payments are made via FTB Web Pay or Form 3893, with initial payments due by June 15, and final payments by the return due date.
Partners/shareholders claim their share of the credit on their individual tax returns using form FTB 3804-CR, Pass-Through Entity Elective Tax Credit.
@andrew0071
yesterday
1 Cheer
What code is in box 7 on the 1099R? A code 4 means death and it was inherited. If you didn’t type the code wrong then check with the issuer.
yesterday
So i never received a screen that asked: " Continue through the Traditional IRA screens until you see "Choose Not to Deduct IRA Contributions"." I followed your second step, and confirmed tha...
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So i never received a screen that asked: " Continue through the Traditional IRA screens until you see "Choose Not to Deduct IRA Contributions"." I followed your second step, and confirmed that it is checked off. When i go to view forms i see a FORM 8606-S. On that form every line is blank except for line 16 and 18. even line 8 is empty. So it states 7008 as the taxable income. that doesnt make sense, does it!?
yesterday
Try this link:
W-4 Calculator
yesterday
Do you guys give loans out and tax refunds?
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yesterday
@MarilynG1 thank you!!
yesterday
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yesterday
TurboTax has topped itself once again for the 2025 tax year. When I enter in information about an RMD, TurboTax thinks it's inherited. The software asks who died, and was it my spouse or someone else...
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TurboTax has topped itself once again for the 2025 tax year. When I enter in information about an RMD, TurboTax thinks it's inherited. The software asks who died, and was it my spouse or someone else? But no-one has died; it's just an RMD. There seems to be no way past the questions "Year spouse passed away" OR "Someone else who passed away". Help! When I called customer support, the lady said "you need to talk to someone who knows more about that" and passed me over to the sales pitch for the $59 extra support. Wow.
yesterday
Thank you for the reply but when I went to Rental Properties and Royalties Sch E and edit the property there are no options to select for profit. I'm not sure I understand what you mean by delete ot...
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Thank you for the reply but when I went to Rental Properties and Royalties Sch E and edit the property there are no options to select for profit. I'm not sure I understand what you mean by delete other income.
yesterday
An update and resolution: Unfortunately, the option to switch to "Do It Yourself" is not available online. Starting over does nothing but forces me to start in Expert Assist, with no option to ch...
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An update and resolution: Unfortunately, the option to switch to "Do It Yourself" is not available online. Starting over does nothing but forces me to start in Expert Assist, with no option to choose/upgrade/downgrade a different product (except Full Service). There is no explanation as to why Do It Yourself is not available. I also haven't touched any Expert Assist functions so the option to switch to Do It Yourself should be available. In the end I had to call TurboTax and have them offer me a resolution to the situation since the website and online help documentation was of no help and/or inaccurate.