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yesterday
Thank you Patricia but nothing happens when I right click the "Description of Property (line 1, column a of form 8949). Just to be clear, the error is on form 8949, Part I, line 1a. It appears that...
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Thank you Patricia but nothing happens when I right click the "Description of Property (line 1, column a of form 8949). Just to be clear, the error is on form 8949, Part I, line 1a. It appears that I sold an interest in this k-1 partnership but that is not the case and I never indicated that a sale was made when entering my k-1 numbers in TurboTax. What shows up incorrectly on this line (line 1a of form 8959)) is the short term loss I entered in box 8 when entering all the k-1 numbers for this k-1, which I got from box 8 of the k-1. This loss should only show up on Part I, line 5 of schedule D. For some reason the loss is showing up as an asset sales (line 3 of schedule D and line 1a of form 8949). I need to delete the asset sale but I have no idea how to do so.
yesterday
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yesterday
<<you do not have to report the sale>> isn't the seller required to report the transaction if the closing agent issued form 1099-S, regardless of the sales price?
yesterday
In the Online version the fees are to prepare the returns whether you efile or print and mail it. Efiling or Mailing are both free and included. How to review your fees https://ttlc.intuit.com/...
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In the Online version the fees are to prepare the returns whether you efile or print and mail it. Efiling or Mailing are both free and included. How to review your fees https://ttlc.intuit.com/community/charges-and-fees/help/how-do-i-review-my-fees-in-turbotax-online/00/26353
yesterday
That is what I did , hoping it was OK. My whole point here is that TTAX should include a submittal option for this stuation so we dont have to just guess. Thanks
yesterday
@bgambrill Just select to pay the taxes owed by mailing a check so you can e-file. Once e-filed you do not mail a check since you have an IRS payment plan,
yesterday
If you already set up a plan with the IRS then just pick you will mail a check when you efile. You don't have to really mail a check.
yesterday
The page strongly recommends that the plan be setup on the IRS site, because the fees will be less, and not by filling the form on TTAX But once the plan is set up on the IRS site there is no optio...
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The page strongly recommends that the plan be setup on the IRS site, because the fees will be less, and not by filling the form on TTAX But once the plan is set up on the IRS site there is no option to e-file on TTAX if the plan is setup that way.
yesterday
Partnership returns are prepared using TurboTax Business Desktop or TurboTax Small Business Online. While you have missed the filing deadline, the longer you wait, the more penalties accrue. Since th...
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Partnership returns are prepared using TurboTax Business Desktop or TurboTax Small Business Online. While you have missed the filing deadline, the longer you wait, the more penalties accrue. Since this is your first year, you might consider signing up for TurboTax Expert Assist Business, which provides unlimited expert help as you work on your return.
If you have already filed your personal 1040 return, you can file an amended return once you have Schedule K-1 for the LLC.
yesterday
Your response makes sense but the practical reality is TT and EJ are pointing the finger at each other for who is to blame which meant I couldn't do efile as TT stopped from filing electronically wit...
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Your response makes sense but the practical reality is TT and EJ are pointing the finger at each other for who is to blame which meant I couldn't do efile as TT stopped from filing electronically with those errors. I played around with other values and then got different error messages so I adhere to the belief there were issues on both sides.
yesterday
There was an update done for Virginia and I am wondering if the update is now doing it wrong. On line 1 of the Virginia Limited Itemized deduction worksheet, it says line 5a should not exceed $40,000...
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There was an update done for Virginia and I am wondering if the update is now doing it wrong. On line 1 of the Virginia Limited Itemized deduction worksheet, it says line 5a should not exceed $40,000 for MFJ. But should that amount mirror what deduction you were allowed on your federal return?
yesterday
@Movie-Nut There are many reasons why taking the S tandard Deduction is better than Itemized if the end result refund/tax due is the same. One is if you itemize deductions then a state refund will...
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@Movie-Nut There are many reasons why taking the S tandard Deduction is better than Itemized if the end result refund/tax due is the same. One is if you itemize deductions then a state refund will be taxable the next year.
yesterday
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@taxmen2021 that is the sticking point. NY wants the tax money since you moved for convenience and MA wants the tax money because you worked/ lived there. So no tax credit ncessarily.
yesterday
1 Cheer
@taxmen2021 that is the sticking point. NY wants the tax money since you moved for convenience and MA wants the tax money because you worked/ lived there. So no t
yesterday
would be great hearing from Rick. There is some minor income on the K1 forms that covers the time between when it got to my brokerage account and when it was sold. I think I've got that part cove...
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would be great hearing from Rick. There is some minor income on the K1 forms that covers the time between when it got to my brokerage account and when it was sold. I think I've got that part covered. I'm just confused on what basis to use both for the 1099-B input as well as the K1 inputs.
yesterday
This is the U.S. TurboTax support community. Please post your question about Canadian taxes in the Canada TurboTax support community.
yesterday
1 Cheer
The tag below your question indicates that you are using TurboTax Live (TurboTax Experts). If that's true, you should address your questions to a TurboTax Live tax expert. You are paying extra for th...
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The tag below your question indicates that you are using TurboTax Live (TurboTax Experts). If that's true, you should address your questions to a TurboTax Live tax expert. You are paying extra for that service. See the following FAQ for instructions to contact a TurboTax Live tax expert.
How do I connect with a tax expert in TurboTax Experts?
Even though you are getting a refund, you can have an underpayment if you did not pay enough earlier in the year. It's not just the total amount you paid, but when you paid it.