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13 hours ago
Click on Tax Tools on the left side of the online program screen
Click on Tools
Click on Delete a form
Note - There may be multiple pages of your tax return forms and schedules so click on ...
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Click on Tax Tools on the left side of the online program screen
Click on Tools
Click on Delete a form
Note - There may be multiple pages of your tax return forms and schedules so click on the page number or right arrow (>) shown at the bottom of the federal tax return forms.
13 hours ago
Ridiculous and abusive. I should at least get a refund.
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13 hours ago
Your date of payment stays valid. It may take the IRS up to 10 days to debit your account during this time of the tax season.
Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire...
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Your date of payment stays valid. It may take the IRS up to 10 days to debit your account during this time of the tax season.
Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
You proof of payment in your bank account showing the debit from the IRS.
13 hours ago
I gave my bank information when I filed and authorized payment for the 14th of April. there has got to be some place in my records that shows this. how do I find that proof?
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13 hours ago
That is the result of using the mathematical method (not using the "tables") for depreciation, using the order of operations that TurboTax uses. TurboTax does that for all assets. The order of o...
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That is the result of using the mathematical method (not using the "tables") for depreciation, using the order of operations that TurboTax uses. TurboTax does that for all assets. The order of operations is questionable, but as far as I can tell, there is no IRS guidance on that matter. And besides TurboTax, there are several other software companies that use the same method and order of operations. If you have the desktop/downloaded version, you can go into the "Forms" and access the "Asset Entry Wks". If you scroll WAY down to the bottom, it is an option to use the "tables" for depreciation, which would give you the results that you are expecting.
13 hours ago
help delete 1095-A
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13 hours ago
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13 hours ago
@Mike9241 wrote: for the cost of the house in 1953, you'll need to use either an appraiser or........ Yeah, I agree 100%. HOWEVER, depending on the sales price, it might not be worth spe...
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@Mike9241 wrote: for the cost of the house in 1953, you'll need to use either an appraiser or........ Yeah, I agree 100%. HOWEVER, depending on the sales price, it might not be worth spending a whole lot of money on an appraisal. The sale is being split 4 ways, apparently, which would divide the basis by 4 (obviously). Applying a normalized inflation rate would imply an original cost in the neighborhood of $12,000 (or $3,000 for each sibling). That would save each a maximum of $600 in federal income tax and likely a lot less. A low ballpark figure (i.e., educated guess) may be more cost efficient).
13 hours ago
@sherp wrote: The rental activity nets to a loss. Turbo tax is taking that against my other income. They are passive losses so that is incorrect. They are not flowing through to a schedule E ...
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@sherp wrote: The rental activity nets to a loss. Turbo tax is taking that against my other income. They are passive losses so that is incorrect. They are not flowing through to a schedule E Did you indicate you are a Real Estate Professional? Or do you "Actively Participate" and is your Modified Adjusted Gross Income under $150,000? Are you saying they are not flowing to page 2 of Schedule E? Look at page 2, not page 1. Each K-1 should show up on Line 28 of Schedule E. On line 28 of Schedule E, look at columns (g), (h), (i) and (l). Which columns are the amounts showing up in?
13 hours ago
Enter only the amount due to the overtime. If you earn 100 an hour and receive time and a half your pay is 150 but you enter 50.
13 hours ago
for the cost of the house in 1953, you'll need to use either an appraiser or an accounting/CPA firm that has a valuation specialist.
to that cost add the cost of subsequent improvements. Not sure a...
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for the cost of the house in 1953, you'll need to use either an appraiser or an accounting/CPA firm that has a valuation specialist.
to that cost add the cost of subsequent improvements. Not sure about the roof. It could be a repair which doesn't add to basis or an inprovemnet ot betterment which does
The IRS does have the right to challenge the value
14 hours ago
Thank you. I appreciate your timely reply. I got my return filed on time!
14 hours ago
What services are you referring to?
Did you e-file your tax return and was it accepted?
You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your ta...
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What services are you referring to?
Did you e-file your tax return and was it accepted?
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.
14 hours ago
@cou3 It shouldn't be an issue. Did you try entering the amount in box 1 into box 16? It won't affect anything else on your federal or state tax return. Never heard anyone say that box 16 has t...
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@cou3 It shouldn't be an issue. Did you try entering the amount in box 1 into box 16? It won't affect anything else on your federal or state tax return. Never heard anyone say that box 16 has to be greater than box 1. It probably says box 16 has to be greater than box 14 withholding.
14 hours ago
There are other providers in the IRS FREE FILE program you may qualify for. There are other Online providers that charge ZERO for Form 1040 and everyone qualifies so why do you use TurboTax.? ...
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There are other providers in the IRS FREE FILE program you may qualify for. There are other Online providers that charge ZERO for Form 1040 and everyone qualifies so why do you use TurboTax.? @mojtaba79
14 hours ago
I filed my taxes through TurboTax and wasn't sure if I needed to submit payment to the IRS myself. I wasn't able to get in touch with my tax expert which I had paid for after filing my taxes, and the...
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I filed my taxes through TurboTax and wasn't sure if I needed to submit payment to the IRS myself. I wasn't able to get in touch with my tax expert which I had paid for after filing my taxes, and the only options or notice of payment was to go to the IRS directly to file. A few days after I submit a direct payment, I get a notification that a duplicate payment has been submitted from my bank and that it was an e-filing. I received zero communications from TurboTax about them sending out payments and wasn't able to reach support in a timely manner about the issue. This is absolutely horrible customer service and I'm extremely disappointed in the way they're operating.
14 hours ago
Since you had posted this three days ago before Tax Day, you could have contributed to the Traditional IRA, submitted Form 4868 and had the custodian remove the SEP contribution as an excess contribu...
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Since you had posted this three days ago before Tax Day, you could have contributed to the Traditional IRA, submitted Form 4868 and had the custodian remove the SEP contribution as an excess contribution. As it is, the window for a Traditional IRA contribution is now closed. Just another reason not to wait till the last days to file. @KD9
14 hours ago
Check IRS website no info
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14 hours ago
I’ve used TurboTax for four years, but the increasing costs—climbing to over $140 this year—are becoming hard to justify. My biggest issue, however, was the 'fast return' option. It wasn't made clear...
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I’ve used TurboTax for four years, but the increasing costs—climbing to over $140 this year—are becoming hard to justify. My biggest issue, however, was the 'fast return' option. It wasn't made clear that this service carries a $35 processing fee just to receive a refund six days early. Had this been transparent, I never would have opted in. I am deeply disappointed by these hidden charges. Unless I am credited the $35 toward next year, I will be taking my business elsewhere.
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15 hours ago
@DoninGA , how this question is handled matters. Broader cultural and political shifts can influence what is considered “acceptable” in these situations. For example, the software I switched to d...
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@DoninGA , how this question is handled matters. Broader cultural and political shifts can influence what is considered “acceptable” in these situations. For example, the software I switched to defaults to “No,” provides context about the likelihood of the answer, and allows users to revise it. In contrast, my experience -and reports from others- suggest that TurboTax may have made this question mandatory for some users (e.g., naturalized individuals) while not asking it of others. If accurate, that raises serious concerns about unequal treatment based on characteristics such as background or ethnicity. I attempted to get clarification from TurboTax, but they did not respond to my questions nor follow up as promised. At a minimum, this points to a lack of transparency on an issue that deserves clear and consistent handling.