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yesterday
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@NCperson Yes. If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale ha...
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@NCperson Yes. If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported.
yesterday
What does the IRS website for the status of the federal tax refund indicate - https://www.irs.gov/refunds
Only the IRS and your State control when and if a Federal or State tax refund is Approv...
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What does the IRS website for the status of the federal tax refund indicate - https://www.irs.gov/refunds
Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.
Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
yesterday
If it is saying you need Schedule 3 and can't use the Free Edition it might be giving you the Retirement Savings Credit. You can say you are a student to decline the credit. You must answer Yes when ...
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If it is saying you need Schedule 3 and can't use the Free Edition it might be giving you the Retirement Savings Credit. You can say you are a student to decline the credit. You must answer Yes when asked in the Retirement Savings Contributions Credit section if your were a full-time student. The answer to this same question asked in the personal-information section is not the answer that is used.
yesterday
I transmitted it 10pm Eastern time 4/15, transmit date/time was 4/15 at 7pm. I got a federal acceptance on 4/15, but the NY state one was accepted on 4/16. I logged into my NY tax account and it...
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I transmitted it 10pm Eastern time 4/15, transmit date/time was 4/15 at 7pm. I got a federal acceptance on 4/15, but the NY state one was accepted on 4/16. I logged into my NY tax account and it says the filed date is 4/16. What? What is the point of submitted it electronically if it's not considered filed when I transmit it? If I print it and take it to the post office I will get a postmark on 4/15 and that will be considered the filed date. If the filed date is actually the date we get the 'return accepted' email, you need to make that clear.
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.