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Thursday
2017
https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf
https://www.irs.gov/pub/irs-prior/f1040--2017.pdf
https://www.irs.gov/pub/irs-prior/f1040a--2017.pdf
https://www.irs.gov/pub/i...
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2017
https://www.irs.gov/pub/irs-prior/i1040gi--2017.pdf
https://www.irs.gov/pub/irs-prior/f1040--2017.pdf
https://www.irs.gov/pub/irs-prior/f1040a--2017.pdf
https://www.irs.gov/pub/irs-prior/i1040a--2017.pdf
https://www.irs.gov/pub/irs-prior/f1040ez--2017.pdf
https://www.irs.gov/pub/irs-prior/i1040ez--2017.pdf
https://www.irs.gov/prior-year-forms-and-instructions
Thursday
1 Cheer
Hi @user17579891076,
With this additional context that you turned 73 in 2024, you are correct that you would have had until April 1, 2025 to take the RMD from your IRA. In this case, you do not...
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Hi @user17579891076,
With this additional context that you turned 73 in 2024, you are correct that you would have had until April 1, 2025 to take the RMD from your IRA. In this case, you do not need to fill out form 5329 for tax year 2024.
For the IRA distribution that you received on 12/29/24, for which you have a 2024 1099-R, you would enter that in the TurboTax interview, and when you reach the area that asks for the RMD due by 12/31/24, you would enter a 0, because your RMD was not due until April 1, 2025, since you just turned 73 in 2024.
Again, there will be no need for a form 5329 for you for tax year 2024, given that you had no RMD due until April 1, 2025.
Thursday
Federal and state refunds come from completely separate entities. There is no rule as to which one will come in first or how long it will be between their arrival in your account.
TurboTax giv...
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Federal and state refunds come from completely separate entities. There is no rule as to which one will come in first or how long it will be between their arrival in your account.
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS.
First, check your e-file status to see if your return was accepted:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
To track your state refund:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh
.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
Thursday
@thetaxdestroyer Someone misunderstood. You do not file separate tax returns for different kinds of income. All of your income was supposed to be included on your original Form 1040, including any...
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@thetaxdestroyer Someone misunderstood. You do not file separate tax returns for different kinds of income. All of your income was supposed to be included on your original Form 1040, including any crypto. If you filed without including that income, your return will need to be amended after it has been fully processed.
It is not clear how you prepared your original return. You mention your property tax. So....did a tax preparer do a Form 1040 that itemized your deductions including your property tax? If you paid a professional tax preparer, then have that preparer do the amended return.
If you used TurboTax for your original return, you can amend it yourself.
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)
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
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
Thursday
To apply for a payment plan with the IRS
Apply Online for a Payment Plan
WHAT IF I CANNOT PAY MY TAX DUE?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pa...
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To apply for a payment plan with the IRS
Apply Online for a Payment Plan
WHAT IF I CANNOT PAY MY TAX DUE?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_US?uid=m9iryksw
Thursday
So here is the progress made. Nothing ... absolutely nothing. As an employed person who paid into this system for 35 years with W2 paychecks and contributing to Medicare/SS I retired and took on an...
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So here is the progress made. Nothing ... absolutely nothing. As an employed person who paid into this system for 35 years with W2 paychecks and contributing to Medicare/SS I retired and took on another role. As as self employed 1099 person I did not realize how messed up this tax system is in the US. The answers provided on this question answer how the solar credit is rolled over year after year with making an impact on the Fed Tax liability. Combined line 14 on the 5695 is set to 0 because the line-14 worksheet uses the 1040 line 18 as its source of tax liability, which is non-self-employment tax (1099 line 23). So if you are self-employed 1099Misc paid the chances of using this promised solar-credit is minimal. The SE tax rate is nearly 15% of Net Profit with no cap amount while W2's pay 50% or 7.5% with a cap amount. But then this solar industry and the government have known this since the beginning. Make the promises, give them the credit but don't allow them to utilize it. The easy solution would be to use 1040 line 24 (total Fed tax) but then everyone would benefit from the promised energy credits.
Thursday
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Thursday
Im so confused now. I called turbotax and they told me that I could file for just my crypto.
Thursday
they come at different times. the Turbotax 21 days is an estimate. check the IRS website for the status of your Federal refund. if you have questions, you can post back in this thread.
https://www....
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they come at different times. the Turbotax 21 days is an estimate. check the IRS website for the status of your Federal refund. if you have questions, you can post back in this thread.
https://www.irs.gov/wheres-my-refund
Thursday
It’s been over the timeline
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Wednesday
Here we go again. Pathetic, really. Been using TT for 15 years and each year have felt less and less like a valued customer. Nonetheless stuck with them because I knew the program so well, but lik...
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Here we go again. Pathetic, really. Been using TT for 15 years and each year have felt less and less like a valued customer. Nonetheless stuck with them because I knew the program so well, but like many of you I have reached the tipping point and will now search for other alternatives. Too bad really, that in the US today it's all about the money and nothing else. Loyalty to customers? Ha!
Wednesday
The questions as part of the forms don't seem to allow for this option, but instead keeps asking about the type of work the 1099 Misc was recieved for
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Wednesday
@ ji_zh99 If you are logging into your Online TurboTax account and don't see evidence of the prior tax returns, there are a couple of hoops you have to jump through to track them down. Here's ho...
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@ ji_zh99 If you are logging into your Online TurboTax account and don't see evidence of the prior tax returns, there are a couple of hoops you have to jump through to track them down. Here's how one would normally find past-year online returns and how to troubleshoot for multiple accounts (User IDs) if necessary as @ Mike9241 mentioned above. The pathway to download the prior PDFs or tax data files depends on whether or not you have started an online 2024 return. I provide both scenarios below, so choose which one is appropriate for your situation. If you have not yet started a 2024 online return: Sign in to your account. What you see next depends on whether or not you have already started a 2024 return in that account. If your left column menu is minimal, and does not have a Tax Home tab displayed, that would imply you have not started preparing a 2024 return in that account. If you haven't yet started a return, it will start asking you some questions. Answer those preliminary questions on a few screens (you don't actually have to prepare a return), and then when you are far enough into the process, the left menu column will change, and you'll then see a Tax Home option in the left menu column. Do not click the Documents tab. Instead, click on Tax Home. Then on the Tax Home screen, scroll way down to the bottom to "Your Tax Returns & Documents". Expand that section and choose the past year you want. If your past returns are not shown there, then you likely have multiple accounts and signed into the wrong one. I'll tell you below how to troubleshoot. If you have already started or finished a 2024 online return: Log in, and if you've already started a 2024 return in that account, then it may already open at the Tax Home. If not, click the Tax Home tab in the left column menu. Do not use the Documents tab. At the Tax Home scroll down and expand "Your Tax Returns & Documents." If the past returns are not there, see the steps below. If you do all that and can't find the past return, here's how to look for multiple accounts: 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.
Wednesday
access your account but years prior 2018 have been deleted and are not recoverable. Turbotax keeps returns for 7 years same as the IRS. if you don't see the latter years, then it's likely you had mul...
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access your account but years prior 2018 have been deleted and are not recoverable. Turbotax keeps returns for 7 years same as the IRS. if you don't see the latter years, then it's likely you had multiple accounts. see this link to access them
https://ttlc.intuit.com/turbotax-support/en-us/help-article/security-risk/account-recovery-request-turbotax-account/L3GhqZLVE_US_en_US
Wednesday
if you get a w-2 and your employer sponsors an FSA you can contribute the difference to it subject to any limitations imposed by your employer's plan. since your wages are less than your spouse the m...
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if you get a w-2 and your employer sponsors an FSA you can contribute the difference to it subject to any limitations imposed by your employer's plan. since your wages are less than your spouse the max excludable is the $7500 or your earned income whichever is less.
Wednesday
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Wednesday
no illustration which would help. is part II section L completed.
your actual net is
ordinary loss
+ 1231 loss
= total losses
reduced by long-term capital gain
= net gain or loss
...
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no illustration which would help. is part II section L completed.
your actual net is
ordinary loss
+ 1231 loss
= total losses
reduced by long-term capital gain
= net gain or loss
this should match section L current year net income (loss) unless you omitted something
ordinary loss flows to schedule 1 line 5; 1231 loss which flows to form 4797 then flows to schedule 1 line 4
while the capital gain flow to schedule D line 12
Wednesday
sorry for your loss. for non-community property state the easiest way is to create a new asset for the step up using the date of her death as the acquisition date. for example if 100% of FMV value is...
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sorry for your loss. for non-community property state the easiest way is to create a new asset for the step up using the date of her death as the acquisition date. for example if 100% of FMV value is $700 while cost is $500. the new asset would be $100. this needs to be split between land and building because land is not depreciable.
Wednesday
HELOC is debt (main or second home - third home never qualifies under the exception that follows) that exceeds acquisition debt. Generally, HELOC interest is not deductible but there is an exception...
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HELOC is debt (main or second home - third home never qualifies under the exception that follows) that exceeds acquisition debt. Generally, HELOC interest is not deductible but there is an exception if the proceeds were used to build an addition (but not repair) to the existing home. It must be secured by the home, not exceed the cost of the home, and not exceed when added to other acquisition debt the max amount for AD.
Wednesday
"Heloc" means "home equity line of credit" Have you opened a line of credit against your home? Or are you simply paying for a mortgage loan that you took out when you purchased the home originall...
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"Heloc" means "home equity line of credit" Have you opened a line of credit against your home? Or are you simply paying for a mortgage loan that you took out when you purchased the home originally? If you are still not sure---ask your lender.