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yesterday
I am agreeing with this. The fact is I got the amount in 1099-B is also way lesser than the $70 itself. Is there any way to bypass this? If I need to pay @200 for the simple tax, I better go to ...
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I am agreeing with this. The fact is I got the amount in 1099-B is also way lesser than the $70 itself. Is there any way to bypass this? If I need to pay @200 for the simple tax, I better go to HR Block or go to some freelance CPA.
yesterday
IN a 1031 Exchange the BASIS of the old Property rolls into the new property. But, if this was rental property it gets more complex as you need to report sale of all assets to take into account depre...
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IN a 1031 Exchange the BASIS of the old Property rolls into the new property. But, if this was rental property it gets more complex as you need to report sale of all assets to take into account depreciation taken in the past which reduced your basis. You would have to allocate the old basis to the new assets.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-like-kind-section-1031-exchange-form-8824/L4yci9pFQ_US_en_US
Where do I enter a like-kind or Section 1031 exchange (Form 8824)?
by TurboTax •
Updated March 17, 2026 2:29 PM
To enter a like-kind or Section 1031 exchange, follow these steps:
Navigate to the like-kind section:
TurboTax Online/Mobile: Go to the like-kind screen under Income in the Federal section.
TurboTax Desktop: Search for like kind (two words, no dash) and select the Jump to link.
On the Any Other Property Sales? screen, select Any additional like-kind exchanges (section 1031) and select Continue.
Follow the onscreen instructions. We'll fill out Form 8824 for you.
If you accidentally generate a Form 8824 that you don't need, you can delete it by repeating steps 1 and 2. This takes you to the Like-Kind Exchanges summary screen where you can delete the unwanted form.
yesterday
Check the box "A portion of these dividends is US Government interest and enter an amount on the next screen. Later, return to the same page and uncheck the box "A portion of these dividends..." When...
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Check the box "A portion of these dividends is US Government interest and enter an amount on the next screen. Later, return to the same page and uncheck the box "A portion of these dividends..." When calculating a state return, it will still think the dividends are US Govt and exclude the amount from being taxed--even though the box is no longer checked!
yesterday
why not attach w2 to state tax form?
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yesterday
@kristinelbly , @TomD8 , Hi everyone, I’m facing a similar tax issue. I started a 100% remote job (8/18/2025) with a NY-based bank but work entirely from my home in Cleveland, OH. I’m not required...
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@kristinelbly , @TomD8 , Hi everyone, I’m facing a similar tax issue. I started a 100% remote job (8/18/2025) with a NY-based bank but work entirely from my home in Cleveland, OH. I’m not required to go to NY and only visited one day in December 2025 for a company xmas party and to meet colleagues. Withholding issue: My employer withholds NY state tax and refuses to withhold OH tax due to the cost of setting up Ohio payroll. I have an email from HR stating they do not currently file in OH and would incur additional costs to do so, so they plan to continue NY withholding and asked me to consult a tax professional. Filing: I filed a NY nonresident return (MFJ). TurboTax didn’t allow $0 NY income, so I entered $1. I expect to receive an audit letter (request for additional information) from NY within two weeks. Questions: Based on my situation, do I qualify for exclusion under the “convenience of the employer” rule? Do I have any NY tax liability? What type of letter should I request from my employer? (They are concerned it could trigger OH tax obligations.) For 2026, should I avoid traveling to NY altogether (even for a 1-day company event) to prevent tax issues? Thank you in advance for any guidance!
yesterday
I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard depreciation. I am nowhere near the AMT limit. The AMT depreciation deduction is $1200 less than the stand...
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I have a rental property and Turbo Tax is using the AMT depreciation instead of the standard depreciation. I am nowhere near the AMT limit. The AMT depreciation deduction is $1200 less than the standard. How do i fix this. I cant see anyway to change this or manually adjust the amount.
yesterday
Where do you "indicate that this is for an ESA"?
yesterday
Entering zero does not work, leaving it blank does not work, and these is no way to enter the $ amount for the FMV and the letters FMV as it says to do in the Caution section of the IRS publication. ...
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Entering zero does not work, leaving it blank does not work, and these is no way to enter the $ amount for the FMV and the letters FMV as it says to do in the Caution section of the IRS publication. It says, "You MUST report the fair market value (FMV) as of the end of the year in box 7. Label the amount "FMV". I can go no farther in the process. It does not say where to enter box 7.
yesterday
This is due to windows security level. search for Internet Option in windows task bar and set the security level to medium and it will start working. Never expected such a poor and useless support fr...
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This is due to windows security level. search for Internet Option in windows task bar and set the security level to medium and it will start working. Never expected such a poor and useless support from Turbo Tax experts.
yesterday
Error code IL1040-11870-1 most likely indicates that the IL-PIN, Driver’s License/State ID, or prior-year Adjusted Gross Income (AGI) on your Illinois return does not match the Illinois Department ...
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Error code IL1040-11870-1 most likely indicates that the IL-PIN, Driver’s License/State ID, or prior-year Adjusted Gross Income (AGI) on your Illinois return does not match the Illinois Department of Revenue (IDOR) records. This mismatch prevents signature verification.
You can verify your PIN here IDOR PIN INQUIRY ,
your prior-year AGI must match exactly and if you amended, use the amended AGI figures.
Ensure your Illinois Driver’s License or State ID number is entered correctly
A dependent on your return was already claimed on another tax return.
EIN or employer name mismatch when entering in your W-2.
TO MAKE THE CHANGES online, your return is not considered accepted so DO NOT amend.
Sign into your TurboTax account
Select Fix my return to see your reject code and explanation
Select Fix it now and follow the instructions to update the info causing the reject
Once you've fixed the error, select File in the left-hand menu and follow the instructions to either e-file or file by mail
TO MAKE the CHANGES on Desktop:
Locate the Error: Navigate to the File tab or dashboard to view the specific rejection code and reason.
Fix the Error: Click Fix it now to be directed to the screen needing correction (e.g., AGI mismatch, SSN error).
Re-file: Select File in the menu, ensure it is set to "e-file," and follow prompts to resubmit.
If this continues, you can file by mail.
@headchoper18
yesterday
Is there a contact number to call for help?
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yesterday
Sold the CA property and bought in TX. Am I considered a "real estate" investor?
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yesterday
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yesterday
@Jamiecwilson ensure you answered "Yes" to "Is this loan secured by a property of yours?" and that the lender's info is correct. If using Desktop, use Forms Mode to enter it directly on Schedule A, ...
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@Jamiecwilson ensure you answered "Yes" to "Is this loan secured by a property of yours?" and that the lender's info is correct. If using Desktop, use Forms Mode to enter it directly on Schedule A, line 8b. Verify that total itemized deductions exceed the standard deduction.
Yes, in 2025 homeowners can deduct interest on up to $750kof mortgage debt ($375,000 for married filing separately) for a primary or second home, provided they itemize deductions. Loans taken out before December 16, 2017, are grandfathered at the previous $1 million limit. Home equity loan interest is only deductible if used to improve the home,
Also have you updated your turbotax if using desktop?
yesterday
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yesterday
IRS regulations DO match my amounts and should be accepted as a legit deduction???
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yesterday
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yesterday
Dear Turbotax, I just spent 5 hours working on my 2025 return in TT Home & Business desktop version, only to be shocked to discover that it cannot be saved due to Error message 567812 that's being d...
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Dear Turbotax, I just spent 5 hours working on my 2025 return in TT Home & Business desktop version, only to be shocked to discover that it cannot be saved due to Error message 567812 that's being discussed in this thread but sadly with NO RESOLUTION because all the LINKS/PAGES offered up do NOT work (page not found, cannot be open, etc...) Can someone at TT please take a look at this unbearable situation and provide a real and timely solution ??? Thank you
yesterday
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yesterday
How do I secure my account ? How do I sign out?
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