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Saturday
@MichaelinMichigan wrote: Going into TurboTax resulted in only a single year(2024) being available which i downloaded. What i still need are TurboTax for 2023 and 2022. Were those other 2 ...
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@MichaelinMichigan wrote: Going into TurboTax resulted in only a single year(2024) being available which i downloaded. What i still need are TurboTax for 2023 and 2022. Were those other 2 years also purchased from TurboTax as opposed to an authorized retailer? The installation files may be in another account. Many users end up with more than 1 account without realizing it. Here's how to check: You can have up to 5 accounts that use the same email address for notification purposes. A User ID may be an email address, but it doesn't have to be. It might be only part of an email address, or it can be anything at all. To get a list of your User IDs, reset password, and recover account access, etc., you can use the tool at the link below. When using the Account Recovery tool, try using your phone number first if you can still access it. After that, if necessary, then run the tool on your email address(es) you can access. NOTE: Before running the account recovery tool below, log out of all Intuit accounts including this user forum, or you might end up in a loop. Then clear your browser Internet cache, close your browser, then reopen it, and go to the link below. You may wish to copy this link so you can paste it into the new browser session. https://myturbotax.intuit.com/account-recovery If still no luck after running that on your phone number you can still access and email address(es) that you can access, here's another method: Go back to the tool again, but this time leave the data field blank, scroll down a bit, then choose the small blue link that says "Try something else", and it will look you up by other parameters.
Saturday
You can contribute $8,000 to your Roth IRA in 2024 assuming that you have that much in earned income. The fact that you are charging your fiduciary doesn’t affect your contribution.
Saturday
Better go back to MY INFO and double check the way you answered the questions about being married in 2024. It sounds like you answered something incorrectly.
When you enter the primary spo...
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Better go back to MY INFO and double check the way you answered the questions about being married in 2024. It sounds like you answered something incorrectly.
When you enter the primary spouse’s information in My Info, you have to answer the question "Were you married?" If you click the button for Married, then a drop down will appear that asks, "Do you want to file this return together with your spouse?" Then you choose YES to file a joint return. You enter your spouse's information into My Info. Whenever you are entering income information there should then be a spot for you and for your spouse's income information. WATCH for the names as you enter income on the screens. Or when you click to add income it will prompt you to choose which spouse had the income.
When you prepare a joint return you include all the information for both spouses on the SAME tax return. Include all of your personal information, all of your income from every source, all dependents (if any), all credits and deductions for both of you. You get ONE refund with both names on it.
Saturday
Does the IRS say that you did not file your tax return? Or do they say you did not PAY your tax due? It would be quite odd for the IRS to send you a letter at this time of year to say ...
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Does the IRS say that you did not file your tax return? Or do they say you did not PAY your tax due? It would be quite odd for the IRS to send you a letter at this time of year to say they have not received your 2024 Form 1040 yet. Did you file a tax return --- but not pay your tax? Your only proof that you paid is your own bank or credit card record.
DID YOU E-FILE?
Did you e-file? Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”
When you e-file your return you will get two emails from TurboTax. The first one will say your return has been transmitted; the second one will tell you the IRS has accepted or rejected your federal e-file. If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.
Check your e-file status:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
What does it say in your account? Does it show that the return was accepted? Or does it say something else---like "rejected," "printed," or "ready to mail?”
Saturday
I don't know the "why", but I can tell you how to check and properly report your extension payment. When you report a Federal extension payment, it should show up as part of the figure on the Fo...
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I don't know the "why", but I can tell you how to check and properly report your extension payment. When you report a Federal extension payment, it should show up as part of the figure on the Form 1040, Line 31, which actually flows from Schedule 3, so look at Schedule 3, too. The extension payment should show up on Schedule 3, Line 10 before it goes to Form 1040, Line 31. Here are the navigation steps in Online TurboTax: Open you return interview, and In the left menu column, click the Federal tab Then click the subtab Deductions & Credits. On the "Tax Breaks" screen scroll way down until you see the category "Estimates and Other Taxes Paid." Click that to expand, and in the list of subtopics choose "Income Taxes Paid." (click Start or Revisit). On the next screen, titled "Income Taxes Paid," you should see a category of "Payments with Extension." Choose the type of extension payment and click Start or Revisit. Enter (or confirm) the figure for your extension payment. NOTE: If this is a Federal extension payment, before filing verify that the payment shows up on Schedule 3, Line 10. It should also be included in the figure showing on your Federal Form 1040, Line 31. If you have a state or local extension payment, verify the respective state/local payment shows up on that respective return, too.
Saturday
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Saturday
1 Cheer
Mortgages don't have tax. Are you asking about the real estate tax on your home? As the others noted, there is a limit to the deduction of real estate tax. However, if your situation is such th...
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Mortgages don't have tax. Are you asking about the real estate tax on your home? As the others noted, there is a limit to the deduction of real estate tax. However, if your situation is such that you are subject to such limitations, in most cases, you REALLY should be consulting with a tax professional. In my opinion, if your income or assets are that high, using Do-It-Yourself software such as TurboTax is a foolish thing to do and you really should be consulting an actual person that can give you specific advice about your specific situation.
Saturday
I have been using TT desktop software for about 25 years for filing my taxes. In that period, I have had work income, investment income and loss, multiple rental properties income and expenses, etc....
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I have been using TT desktop software for about 25 years for filing my taxes. In that period, I have had work income, investment income and loss, multiple rental properties income and expenses, etc. Using TT for those topics was very straightforward for many years, until when I sold 2 rental properties in a like-kind exchange and bought 2 other rental properties with the proceeds, all in the same year and within the 1031 required timelines. I am having difficulty figuring out how to enter those sale and purchase transactions in TT. Here is a quick rundown of the events: I relinquished 2 residential rental properties (2 sales) and used the "combined pooled proceeds" from those sales, I acquired 2 other residential rental properties (2 purchases), all in the same year. Per 1031 exchange rules, the chronological timeline of those transactions (i.e., 45-day rule and 180-day rule) permit the pooling situation. The transactions occurred in this order: Property 1 (in California) was sold, then property 2 (in Florida) was sold, then properties 3 and 4 (both in Massachusetts) were purchased. The qualified intermediary for both exchanges was an expert at IPX1031. Adding to the complexity is that property 1 had been my primary residence before being converted to a rental property. That property meets the timeline requirements for claiming the $250,000 exclusion. When property 1 was sold, it had been a rental property for a little over 2 years. Hence, the property was sold in a 1031 exchange transaction. I need to enter that sale as a 1031 exchange in TT while also claiming the $250,000 exclusion for principal residence. I also have other income from other rental properties, other work income, investment income and loss, etc., but I do not need help with any of those. Thank you in advance for your time and input. BTW, the filing is for the year 2023. Don't ask me why "now" filing the 2023 return. It's complicated due to federal disaster declarations, etc. Thank you!
Saturday
1 Cheer
Are you aware this isn't Google? You haven't asked a question. TurboTax/Intuit doesn't have a dealership, so I'm not sure why you are mentioning "your" dealership, I haven't research it, but...
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Are you aware this isn't Google? You haven't asked a question. TurboTax/Intuit doesn't have a dealership, so I'm not sure why you are mentioning "your" dealership, I haven't research it, but at first glance the final assembly of the Mirai was not in the US. If that is the case, it does not qualify for the tax credit.
Saturday
I have an existing Roth IRA with Fidelity, I am going to move that to Vanguard. The funds, all but a small amount were from 2024, does that limit the amount I can contribute this year? I am over 60...
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I have an existing Roth IRA with Fidelity, I am going to move that to Vanguard. The funds, all but a small amount were from 2024, does that limit the amount I can contribute this year? I am over 60 yrs old, so I am aware, I can put up to 8k in, but was not sure if the transfer affected the amount I can put in.
Saturday
See if this helps. https://www.goodwill.org/wp-content/uploads/2020/03/donation_valuation_guide.pdf
Saturday
Do NOT mess around with the "input" screens of your return if you already e-filed. You cannot make changes while your e-file is pending or while it is being processed. If you try to make changes y...
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Do NOT mess around with the "input" screens of your return if you already e-filed. You cannot make changes while your e-file is pending or while it is being processed. If you try to make changes you will just make a huge mess of your tax return.
If you made a mistake and need to enter something else, wait until the return has been fully processed and then you can amend.
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1
See this TurboTax support FAQ for amending a tax return -
CURRENT YEAR
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
Saturday
HOW DO I ADJUST INFO THAT WAS USED TO PREPAR MY RETURN
Saturday
Read this --> https://ttlc.intuit.com/turbotax-support/en-us/help-article/login-password/export-data-itsdeductible/L7g6R08jW_US_en_US It actually makes some sense in that TurboTax 2025 will not b...
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Read this --> https://ttlc.intuit.com/turbotax-support/en-us/help-article/login-password/export-data-itsdeductible/L7g6R08jW_US_en_US It actually makes some sense in that TurboTax 2025 will not be released before or on the 21st but probably will be shortly thereafter and direct import may not be supported in the 2025 products.
Saturday
1 Cheer
@charliebrown-0217 TurboTax does not prepare "local" PA income taxes. Those you will need to handle separately yourself. Ask a neighbor or friend at work where they deal with filing and pay...
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@charliebrown-0217 TurboTax does not prepare "local" PA income taxes. Those you will need to handle separately yourself. Ask a neighbor or friend at work where they deal with filing and paying those taxes. What is charged depends on exactly what tax district you live in.
Saturday
I was told by TurboTax software that my 2023 taxes were accurate and correct. So why am I getting a bill for unpaid earned income tax of $592.37?!?
Saturday
try this https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-wash-sale-2021-return/L81BEUt8l_US_en_US?uid=mg2o12uu generally you would file them on Form...
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try this https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-wash-sale-2021-return/L81BEUt8l_US_en_US?uid=mg2o12uu generally you would file them on Form 8949 by inputting the details as "one by one" in turbotax, same for AMD or other sales which have adjustments. Form 8949 will feed into the Schedule D totals. The remaining balance of your 1099B that has no adjustments can be input as totals on a separate 1099-B in TT as a "sales summary" which will go directly onto Schedule D only, not Form 8949. you can also just input everything as a sales summary, but you will then be prompted to mail the 1099-B to the IRS, personally I prefer to avoid that. you can also possibly import your 1099-B from your brokerage which will handle the detailed sales info. if you have more specific question/issue where you are stuck then pls elaborate more details and maybe folks here can help further.
Saturday
@Mike9241 Good advice, cross that bridge the best way I can if and when necessary. Again, thank you so much, Mike.