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For Online,  When you click in the left column tab for Deductions & Credits, it may take you to a page called "Your Tax Breaks. Lower on that same screen should be a button or link for "Add more tax ... See more...
For Online,  When you click in the left column tab for Deductions & Credits, it may take you to a page called "Your Tax Breaks. Lower on that same screen should be a button or link for "Add more tax breaks" or "Show more tax breaks" or similar wording. When clicked, then the screen should expand, and all the deduction topics are displayed including "Estimates and Other Taxes Paid." Then that topic can be expanded further to get the subtopic Estimated Tax Payments.
first off your math skills need some improvement. investing $30k in repairs will be paid for in ~30 months, not 30 years.  If you gross $1000/month, technically it would take 30 months to take in $30... See more...
first off your math skills need some improvement. investing $30k in repairs will be paid for in ~30 months, not 30 years.  If you gross $1000/month, technically it would take 30 months to take in $30k right?  so basically in 2.5 years recovered the $30k investment for repairs provided there's no additional repairs or need for the rental money. Also, at the national average appreciation rate of 4.3% on properties, after nine years when you retire, your fixed up duplex in twill be valued at $173,283.00 an additional $55,283 for your future. This in addition to the 6.5 years of rental income at $1200/month = $93,600. This is low estimate because you will definitely increase rent over that time.  Keep the rental property, because unless your Nancy Pelosi, selling it for $100k now and trying to find an investment that will return $148,883 in a low risk investment over the next 9 years will be hard.        
To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January 2025 (for 2024) go to Federal on left or at top (Personal for Home & Business) Deductions and Cr... See more...
To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January 2025 (for 2024) go to Federal on left or at top (Personal for Home & Business) Deductions and Credits Then scroll way down to Estimates and Other Taxes Paid Estimated Taxes - click the start button   You have to enter the dates you actually paid the estimates and pick the right state from the drop down box   For Online,  When you click in the left column tab for Deductions & Credits, it may take you to a page called "Your Tax Breaks. Lower on that same screen should be a button or link for "Add more tax breaks" or "Show more tax breaks" or similar wording. When clicked, then the screen should expand, and all the deduction topics are displayed including "Estimates and Other Taxes Paid." Then that topic can be expanded further to get the subtopic Estimated Tax Payments.
Thanks so much, this was a huge help!   If I do the offset for the $9,475 amount, would I do it the same way as the $25 rental by putting -$9,475? Thanks!
Go to Wages & Income > Less Common Income > Miscellaneous Income 1099-A 1099-C > Start/Update.   @user17758440744   
Enter Your "Seller-Financed" Interest (Even if this wasn't a mortgage or a house sale): Open or continue your return. Search for "seller-financed interest received" (or just "seller-financed") in ... See more...
Enter Your "Seller-Financed" Interest (Even if this wasn't a mortgage or a house sale): Open or continue your return. Search for "seller-financed interest received" (or just "seller-financed") in the Search box. Click on the "Jump to..." link.  OR... Under Federal tab, Click on Wages & Income. Scroll down to Interest and Dividends section, and Click on Start/Revisit next to Interest from Seller-Financed Loans. When asked if this is "Interest from Seller-Financed Loans," Select "Yes". Enter the Borrower's Name, Address, and SSN. Enter the total interest amount. By entering this information in this section: This method allows this money to flow correctly to Schedule B. It identifies it as interest from an individual.  It satisfies the IRS requirement to list the payer’s SSN (without causing an "Invalid FEIN" error). If the interest is over $1,500, the IRS technically requires that higher amounts be broken down on Schedule B.
The care expenses don't show my son, even though he's added as a dependant earlier in the process.
You have to check it yourself.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your ... See more...
You have to check it yourself.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info. 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    
I rent this residence, but there's no apartment number. Turbo Tax is requesting an apartment number as part of it's final checks.
To install TurboTax on a Mac, download the .dmg file from InstallTurboTax.com or your Intuit account, open the file, and drag the TurboTax icon into the Applications folder. Ensure your macOS is upda... See more...
To install TurboTax on a Mac, download the .dmg file from InstallTurboTax.com or your Intuit account, open the file, and drag the TurboTax icon into the Applications folder. Ensure your macOS is updated (Sonoma 14 or later recommended), then open the app from Applications to activate it.     If the installation fails, temporarily disable firewalls or antivirus software, and ensure you have administrator rights.     @buzvincent         
With the K1's against the rental income we have a negative balance of  -166813.   Do I just put "0" on Schedule 1 line  5,  which then goes to 1040 line 8.   . Should I do the same with the NYS non r... See more...
With the K1's against the rental income we have a negative balance of  -166813.   Do I just put "0" on Schedule 1 line  5,  which then goes to 1040 line 8.   . Should I do the same with the NYS non resident form IT203 line 11 and 12?  
It's best to transfer your .tax2024 file into TurboTax 2025, not the PDF file.  You can search your computer for a .tax024 data file.  The default location where TurboTax saves a tax file is Document... See more...
It's best to transfer your .tax2024 file into TurboTax 2025, not the PDF file.  You can search your computer for a .tax024 data file.  The default location where TurboTax saves a tax file is Documents > TurboTax.  You may have a backup file there (with a 'tilde' sign) that you can transfer to 2025.   Or, you can open TurboTax 2024 and re-save your file to your desktop.  When you start a new return in TurboTax 2025, browse to that file to transfer.   @Tax628 
i live in illinois but work in indiana what schoud i do?
Each line does, however, have 1d proceeds and a cost basis factor. Turbotaxonline is insisting on a date acquired and cost basis. There are quite a few of these, but they're all small amounts (~$2)