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9 hours ago
The Covered California site is worded poorly. You cannot double dip. Meaning, you cannot take a deduction for the same money spent on the insurance for both self employed health insurance and itemi...
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The Covered California site is worded poorly. You cannot double dip. Meaning, you cannot take a deduction for the same money spent on the insurance for both self employed health insurance and itemized deductions. The only way you can use the premiums for both would be example....You have a profit of $1,000 and paid premiums of $4,000. You would be able to deduct the $1,000 as self-employed health insurance since you cannot deduct more than your profit and then deduct the remaining $3,000 as itemized expenses. However, the itemized expenses are limited to the amount above 7.5% of your AGI.
9 hours ago
1 Cheer
I got what TurboTax for the first time because everybody kept talking about how fast and thorough they were in doing your taxes. Then when you get on they have a fee of $150 that they will take care...
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I got what TurboTax for the first time because everybody kept talking about how fast and thorough they were in doing your taxes. Then when you get on they have a fee of $150 that they will take care of. Pretty much everything that you need as far as filing and so forth. I had to do ground work to get my 1095a form. I did that sent it in not knowing that the forms that I sent in was not from my 2023-2024 since I haven't filed in less than 5 years. I was ready to check out over a week ago and I got in contact with my agent and told her what I needed to do because she ended up giving me two two or give gave me a service code to put in and it's supposed to discount your overall total and it's supposed to tell you pretty much what you have to pay. The code didn't work. I got back with her the same day that she gave it to me. Still did not work. This was pretty much the last week right before Wednesday which was the deadline and she didn't get back to me until Friday. Which today is the 22nd so it was the Friday prior to this week. When she got back she wanted to sit there and give me the information that I needed several days ago to go ahead and check out to get this started and gone so I can start on my 2025 which still has not been taken care of yet. This will be my first and my last time doing this because of the fact that it's basically going to cost me over $300 in order to file when it was supposed to be just $150. My agent didn't get back to me until pretty much the end of the deadline because of the fact that the price of $150 goes up to $169 and all I asked for was basically what she gave me recently. I'm like why couldn't you give that to me? Several days prior before the deadline.
9 hours ago
Amend the Ohio return to amend your SD100. Here are the instructions needed to amend your state return.
9 hours ago
If you requested to receive the refund by having the IRS mail a refund check or the bank information you entered for direct deposit was incorrect, the IRS sends you a CP53E notice.
Follow the i...
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If you requested to receive the refund by having the IRS mail a refund check or the bank information you entered for direct deposit was incorrect, the IRS sends you a CP53E notice.
Follow the instructions in the notice to have the refund direct deposited into your account.
IRS website for CP53E notice - https://www.irs.gov/individuals/understanding-your-cp53e-notice
9 hours ago
@subhas You must have the TurboTax desktop software for tax year 2024 installed so that you can open the .tax2024 tax data file.
TurboTax will, by default, store the tax data file in TurboTax f...
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@subhas You must have the TurboTax desktop software for tax year 2024 installed so that you can open the .tax2024 tax data file.
TurboTax will, by default, store the tax data file in TurboTax folder within the Documents directory. If it is not in the folder you need to search all hard drives, cloud drives and any USB drives you may have attached. Also check the Recycle Bin when using Windows OS.
TurboTax does not store online any returns completed using the desktop editions.
9 hours ago
I don't see the response you are referring to, but here is a link to contact Turbo Tax Customer Service.
9 hours ago
Since you are using the Home & Business Desktop version, you can fix this manually in Forms Mode:
Click the Forms icon.
In the left-hand pane, look for the Hawaii section and find the "Rental...
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Since you are using the Home & Business Desktop version, you can fix this manually in Forms Mode:
Click the Forms icon.
In the left-hand pane, look for the Hawaii section and find the "Rental/Royalty Activity Worksheet" for each of your Hawaii properties.
Look for a section titled "Hawaii Passive Activity Loss" or "Hawaii Carryovers."
You need to ensure the "Hawaii Allowed Loss" for this year is $0 (since you have no Hawaii passive income) and the "Hawaii Disallowed Loss" (which becomes the carryover) is the full amount of your Hawaii loss.
Check for a worksheet called "Passive Activity Loss Limitation Worksheet" specifically for Hawaii. If it exists, you may need to manually enter the Hawaii-only income/loss figures there to force a Hawaii-source-only 8582 calculation.
Once corrected, look at your Form N-15, Page 2, Line 16 (Column B). It should show $0 (or a very small amount if you qualify for the $25,000 special allowance for active participation). The remainder of the $36,800 should show up on your Hawaii "Carryover of Form 8582" worksheet for next year.
9 hours ago
I don’t understand I gave you my card number. You have my banking information but yet you expect me to still do this to the IRS which is horse crap because that site sucks you can’t even get through t...
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I don’t understand I gave you my card number. You have my banking information but yet you expect me to still do this to the IRS which is horse crap because that site sucks you can’t even get through to them.
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9 hours ago
i am not satisfied with this response give me a phone number to call someone
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9 hours ago
Form 140X is the Arizona Amended Tax Return. Is there an additional form included in your return, or is the form titled incorrectly in the forms list.
Contributions must be listed on the f...
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Form 140X is the Arizona Amended Tax Return. Is there an additional form included in your return, or is the form titled incorrectly in the forms list.
Contributions must be listed on the federal Schedule A, and specific credit forms (Form 321 or Form 352) should be included to claim this deduction.
9 hours ago
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9 hours ago
@jacob-gibb You are correct. You must pay the TurboTax online account fees to print the Form 4868 extension request.
However, to check the status of a payment you can check your IRS account - ...
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@jacob-gibb You are correct. You must pay the TurboTax online account fees to print the Form 4868 extension request.
However, to check the status of a payment you can check your IRS account - https://www.irs.gov/payments/online-account-for-individuals
Or call the IRS Payment Services.
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.
9 hours ago
It is in the Your Home section. If you are using the online version select Show More next to your home and you should see it under property taxes.
If you are using the desktop version, it is t...
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It is in the Your Home section. If you are using the online version select Show More next to your home and you should see it under property taxes.
If you are using the desktop version, it is the third one down from the top after going into deductions and credits under Your Home
9 hours ago
It is asked directly after you enter the social security income.
To get there select the following:
Federal
Income
SSA-1099
After the SSA-1099 entries, the next screen will ask th...
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It is asked directly after you enter the social security income.
To get there select the following:
Federal
Income
SSA-1099
After the SSA-1099 entries, the next screen will ask those questions.
9 hours ago
To enter Home Energy Credits -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credit Click on I'll choose what I work on (if shown) Under Your Home On Home En...
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To enter Home Energy Credits -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credit Click on I'll choose what I work on (if shown) Under Your Home On Home Energy Credits, click the start or update button
9 hours ago
1 Cheer
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work ...
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To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button
On State estimated taxes for 2025, click on the start button
9 hours ago
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9 hours ago
it will take longer than the average 21 days. It sits in a mailbag so the IRS will not even know it has it until that bag is opened, in the order received, and it starts processing your return. Fig...
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it will take longer than the average 21 days. It sits in a mailbag so the IRS will not even know it has it until that bag is opened, in the order received, and it starts processing your return. Figure it will take 6 to 12 weeks to get your refund. That assumes the IRS finds no issues.
9 hours ago
According to the Covered California site https://www.coveredca.com/marketing-blog/self-employed-health-insurance-deductions-and-tax-breaks-explained/ you can take the Covered California health insura...
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According to the Covered California site https://www.coveredca.com/marketing-blog/self-employed-health-insurance-deductions-and-tax-breaks-explained/ you can take the Covered California health insurance premiums as a self employment income adjustment AND a medical expense deduction. Turbotax is only applying the first deduction though. In my case I would be able to itemize deductions for the state return if it also applied the second. What's the best workaround or is the Covered California site wrong?
9 hours ago
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