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Thursday
Just confirmed with the bank that I did not submit a 1040-NR, but I am classified as an NRA on their system.
Thursday
Having same problem customer service wasn’t helpful. Said 2025 w2 aren’t available yet however other tax software have them
Thursday
Not out on the 15th. I have checked several times today.
Thursday
I paid my 2025 property taxes today (Jan. 15, 2026). I just realized I usually do this in December so that I can use it as a deduction for that year. Am I still able to claim this in my 2025 tax fili...
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I paid my 2025 property taxes today (Jan. 15, 2026). I just realized I usually do this in December so that I can use it as a deduction for that year. Am I still able to claim this in my 2025 tax filing, or do I now need to wait for the 2026 filing?
Thursday
Intention to pay is not the same as actually paying. You paid the tax in 2026 so it will go on your 2026 tax return next year.
Thursday
If I wrote & mailed a check for property taxes due in 2026 in Dec 2025 but had to reissue in Jan 2026 due to an error on the Dec check can I still deduct the expenditure on my 2025 tax return since t...
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If I wrote & mailed a check for property taxes due in 2026 in Dec 2025 but had to reissue in Jan 2026 due to an error on the Dec check can I still deduct the expenditure on my 2025 tax return since that was my intent?
Thursday
The only option for recording crypto investments currently in 2025 is to add a 1099-DA, however when you do so, there is no way to upload a report from computer like there was in previous years. How ...
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The only option for recording crypto investments currently in 2025 is to add a 1099-DA, however when you do so, there is no way to upload a report from computer like there was in previous years. How do i import from Koinly?
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Thursday
Yes to (a)~(e). I moved to the states summer of 2023. I can't recall filing a US 1040-NR, but I basically did all that my bank told me to do.
Thursday
@colin_mccrossin wrote: tips for me that they collected in their client billing and informed me of not vice versa so that's why they put them were they did. all of these tips qualify for the ded...
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@colin_mccrossin wrote: tips for me that they collected in their client billing and informed me of not vice versa so that's why they put them were they did. all of these tips qualify for the deduction but so far anyway the software only accepts 7. Thank you, that is interesting. Would you be willing to tell me what kind of work you do and what kind of business your employer does? I'm trying to visualize the situation better, if you are willing to provide that information. While I am not certain, I suspect those tips are still supposed to be in Box 7, even though the W-2 instructions say "employee reported to you [employer]". But I'll do a bit more research about that. The problem with your situation is the IRS form mostly just refers to Box 7 and unreported tips on Form 4137, although the Instructions do expand more options (such as Box 14, in your case). Because it is new, I suspect the initial programming of TurboTax is just looking at the form right now (saying Box 7 or Form 4137), and hasn't been correctly programmed yet for other options. Unfortunately, unless they are already aware of the problem (which is unlikely), I think the best answer is to Customer Support at TurboTax to inform them of the problem. Then at whatever point they acknowledge the problem (which may be difficult), it unfortunately usually takes about 2 or 3 weeks for them to do anything about it. I wish I had better news for you.
Thursday
paid for live help but can't connect with agent
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Thursday
Social Security is not taxable if it is your ONLY income. If the SS is your only income then you do not have to file a tax return unless you have a 1095A for marketplace health insurance.
Bu...
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Social Security is not taxable if it is your ONLY income. If the SS is your only income then you do not have to file a tax return unless you have a 1095A for marketplace health insurance.
But if you have other kinds of income besides the SS, you must include the SSA1099 when you prepare your tax return.
"already been taxed once..." Social Security was withheld from your spouse's pay when he worked so that someday he--and now you -- would receive benefits.
TAX ON SOCIAL SECURITY
Up to 85% of your Social Security benefits can be taxable on your federal tax return. There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits. When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable.
What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2021 it was $18,960. For 2022 it was $19,560 — for 2023 $21,240) For 2024, $22,320. For 2025 it will be $23,400; 2026 $24,480
After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare. If you work as an independent contractor then you will pay self-employment tax for Social Security and Medicare.
To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2024 Form 1040
https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable
You need to file a federal return if half your Social Security plus your other income is
Single or Head of Household $25,000
Married Filing Jointly $32,000
Married Filing Separately $0
Some additional information: There are 9 states that tax Social Security—Colorado, Connecticut,, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont and West Virginia These states offer varying degrees of income exemptions, but two mirror the federal tax schedule: MN and VT.
@loriem64
Thursday
I'm a bit ticked off because H&R Block has theirs ready and I'm still waiting. I may switch over.
Thursday
when will the wages / income section be updated?
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Thursday
Hi. I purchased TurboTax Deluxe Download last month. I installed it on one laptop. License was activated at time of installation last month without issue. I have been using TurboTax without issue fo...
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Hi. I purchased TurboTax Deluxe Download last month. I installed it on one laptop. License was activated at time of installation last month without issue. I have been using TurboTax without issue for almost a month inputting information as my documents became available.
Everything was fine with TurboTax until today when TurboTax installed another update. As the update installed, the status bar showed percentage of progress. As the bar ran through 30% to 40% up to approximately 93 %, several multidigit random number strings appeared in the status bar in place of the percentages.
This did not happen with any previous updates.
When the update installation completed, Turbo Tax displayed my license key and said it needed to be activated. Since it was the only way to get back into TurboTax, I hit OK. At that point it told me I had now used 2 of 5 computers.
I'm still on the same computer I installed it on last month.
Why would it count one laptop as 2? I will be installing it on another computer in a few days, and I don't want issues with the program telling me I will then be on 3 computers instead of 2.
I am concerned that if this issue happened once it could happen again and continue to reduce my number of available computers until it reaches zero.
Any help from anyone, including TurboTax, in restoring my number of available computers at this point back to 4 would be greatly appreciated.
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Thursday
@mxxjoko , let me make sure I understand the situation correctly :
(a) You are a Korean ( South ) citizen in the USA on a diplomatic visa ?
(b) You work at/ for the Korean embassy/consulate
(c)...
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@mxxjoko , let me make sure I understand the situation correctly :
(a) You are a Korean ( South ) citizen in the USA on a diplomatic visa ?
(b) You work at/ for the Korean embassy/consulate
(c) You have been here in the USA for at least since 2023
(d) You have some US sourced passive earnings ( interest )
(e) You have a 1042-S from a US financial institution with whom you have filed a W-8-BEN
Question is whether you needed to file a US 1040-NR recognizing the US sourced passive income ( specifically interest from a US bank ).
While I await your response , I will refresh my memory on the US-South Korea Tax Treaty.
Thursday
This is my widows disability from my late husbands retirement thats already been taxed once! Why is it being taxed again,especially since its my main source of income??!
Thursday
You do not receive money for the refund advance until the IRS accepts your e-file. The IRS will begin to accept/reject e-files on January 26.
Thursday
Did the IRS already accept your return? They officially don’t open until Jan 26.
Thursday
What I did to estimate is enter the taxable amount under Interest. You can delete it later when the 1099R is ready.