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yesterday
Thank you, this was helpful.
yesterday
@ileana-figueroa7 ,
(a) A US person ( citizen/GreenCard/Resident for Tax purposes ) is taxed on world income by the US
(b) A US person, with wages from a local entity or from self-employment a...
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@ileana-figueroa7 ,
(a) A US person ( citizen/GreenCard/Resident for Tax purposes ) is taxed on world income by the US
(b) A US person, with wages from a local entity or from self-employment and being present in a foreign place, can either exclude ( Foreign Earned Income Exclusion) or take foreign tax credit ( for taxes paid to a foreign taxing authority).
(c) In your particular case , because of length of stay in Australia ( approx. 7 months :(
1. I am not sure whether Australia taxed you as a resident ( > 6 month stay, domiciled etc. ?? ) on your world income or as Non-Resident and therefore just on Local sourced income.
2. In any case because you cannot meet the Physical Presence Test ( 330 days away from the US during a continuous 12 month test period ), your only path to reduce double taxation burden is to either take a credit or a deduction for the taxes paid.
3. Note that under the tax treaty, US will recognize the full amount of taxes paid to a foreign taxing authority but allow ONLY the lesser of actual paid and that imposed by the US on the same income ( the remainder is carried backward or forward ). If you choose deduction instead, it is reported as tax and therefore comes under the SALT limitation.
Does this help ?
Is there more I can do for you ?
yesterday
Yes, as long as it was installed by December 31, 2025 and has a capacity of at least 3 kilowatt hours.
Go to Federal Taxes > Deductions & Credits.
Search for "Home Energy Credits" (or loc...
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Yes, as long as it was installed by December 31, 2025 and has a capacity of at least 3 kilowatt hours.
Go to Federal Taxes > Deductions & Credits.
Search for "Home Energy Credits" (or locate in the "Your Home" section).
Select Yes to energy-saving home improvements.
Enter the cost under the appropriate section for solar energy systems or battery storage.
Here's more info from the IRS.
@bjmckurtis
yesterday
@macartneyeethan True...some NY DLisc are not preceded by IDUSA: Check for your type here: Sample Photo Documents | NY DMV _______________________ Then use whatever the first three charac...
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@macartneyeethan True...some NY DLisc are not preceded by IDUSA: Check for your type here: Sample Photo Documents | NY DMV _______________________ Then use whatever the first three characters are there...either numbers or alphabetical or both.
yesterday
@v8899 Were you (or anyone else) able to use this method to successfully import your crypto transactions into TurboTax desktop? I've seen several people suggest this as a workaround for desktop ...
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@v8899 Were you (or anyone else) able to use this method to successfully import your crypto transactions into TurboTax desktop? I've seen several people suggest this as a workaround for desktop but I haven't seen anyone confirm that it actually works.
yesterday
Just to follow up, I ran my taxes through another tax software (rhymes with TreeFaxUSA) and it calculated it the same.
yesterday
1 Cheer
@localhero wrote: any idea as to why that's even on the form then? Wouldn't it make more sense to just ask how many personal use days? Maybe it's not fair to expect tax forms to make sense ...
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@localhero wrote: any idea as to why that's even on the form then? Wouldn't it make more sense to just ask how many personal use days? Maybe it's not fair to expect tax forms to make sense but it's interesting that all of my previous CPA's and you choose to just put 365 whether accurate or not if there's no personal days. For me, it meant taking the time to go through leases and figuring out occupied vs non-occupied days. I would just be inclined to put 365 as well. The exact number of rental days DOES matter *IF* there are also personal days. I admit, like M-MTax, I just enter 365 as well (even though it technically is not correct, and assuming there are no personal days). Because it doesn't make any difference, it isn't worth figuring out.
yesterday
Is the license you are referring to the driver's license info entered as an anti fraud measure? At least in the desktop version you can simply skip the license information page.
yesterday
Does the online have it?
yesterday
Did you file before you entered them? If you did you probably don't need to amend federal. The IRS would probably add them in for you. And you should not amend until you get the first refund or ...
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Did you file before you entered them? If you did you probably don't need to amend federal. The IRS would probably add them in for you. And you should not amend until you get the first refund or pay the tax due. The the amended return will be for the difference you get back. If you haven't actually filed yet - you do not amend. Just fix it and file the original 1040-SR.
yesterday
https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US
yesterday
Premiums for Long Term Care Insurance are deductible in the Medical Expenses section in your Federal return. There's a specific question asking for amount of LTC premiums paid.
@superlyc
...
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Premiums for Long Term Care Insurance are deductible in the Medical Expenses section in your Federal return. There's a specific question asking for amount of LTC premiums paid.
@superlyc
yesterday
If you're sharing the cost of energy improvement with someone who is not on your tax return, (this does not include a spouse, filing jointly), in the interview for the Energy Credit, enter only your ...
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If you're sharing the cost of energy improvement with someone who is not on your tax return, (this does not include a spouse, filing jointly), in the interview for the Energy Credit, enter only your share of costs incurred.
You don't have to include a statement when you Efile. There is a screen where you can indicate shared costs for a condo or co-op, but no statement is required, and TurboTax doesn't do the calculations for your share.
@jillona700c
yesterday
I received a generic message that turbotax couldn't efile our Illinois taxes because of a Schedule M issue. It took me 2 hours to figure out on my own that the issue was that Illinois is taxing over...
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I received a generic message that turbotax couldn't efile our Illinois taxes because of a Schedule M issue. It took me 2 hours to figure out on my own that the issue was that Illinois is taxing overtime compensation that the federal is excluding. I've calculated that information on the federal form in Turbotax so why doesn't turbotax enter that information on the Illinois state form and fill out Schedule M! Isn't that why I'm paying Turbotax?
yesterday
Thanks ! I'm using The online version. I actually have a foreign income , but the foreign tax is under $600. Meaning that From 1116 is not necessary , but still need Schedule B (otherwise all the ...
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Thanks ! I'm using The online version. I actually have a foreign income , but the foreign tax is under $600. Meaning that From 1116 is not necessary , but still need Schedule B (otherwise all the carryovers will be lost!). If I enter a higher amount (bringing the taxes over 600$), the form 1116 and the schedule B can be printed and filed. Therefore it is a system glitch!!!! that can lead to losing $ in carryovers. Thanks so much!
yesterday
@Alyssacat06 Did you enter the correct address on your tax return? Why do you think your refund went to the wrong address?
If your refund really was mailed to the wrong address somehow, you...
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@Alyssacat06 Did you enter the correct address on your tax return? Why do you think your refund went to the wrong address?
If your refund really was mailed to the wrong address somehow, you need to contact the state.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
yesterday
@Alyssacat06 wrote: What do I do if my CA state tax return goes to the wrong address? Are you referring to a "return" as stated, or do you actually mean a "refund?" So not knowing which one...
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@Alyssacat06 wrote: What do I do if my CA state tax return goes to the wrong address? Are you referring to a "return" as stated, or do you actually mean a "refund?" So not knowing which one, I need to ask 2 questions. Which of these is your situation: Did you file by mail. and if so, did you mail the CA state tax return to the wrong address? Or are you referring to your CA state tax refund that was mailed by the CA FTB to the wrong address? Is it an old address you previously had, or did you enter the wrong address?
yesterday
Hi I have a Trust K-1 and am getting an unclear Error message in the final check. "Box code 14 Code I has been selected but no Section 199A income has been entered in Statement A" The question ...
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Hi I have a Trust K-1 and am getting an unclear Error message in the final check. "Box code 14 Code I has been selected but no Section 199A income has been entered in Statement A" The question is: Where do I find "Statement A" so I can fix this? What shows up in the error message is the Schedule K-1 Worksheet (1041) form, which shows the Box 14 entry with Code I.
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yesterday
1 Cheer
on the desktop. the answer is... quite turbo tax. start turbo tax. it will then import last years taxes.
yesterday
I did NOT enter them! I'm an old man trying to do this alone. I went back just now and amended my 1040-SR to show the payments. I also amended my Colorado non-resident state return, since I earned in...
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I did NOT enter them! I'm an old man trying to do this alone. I went back just now and amended my 1040-SR to show the payments. I also amended my Colorado non-resident state return, since I earned income from there. And I amended my Arizona resident state return but not sure if I did it properly.