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Monday
It seems not as I paid for and downloaded TT 2025 for Mac and it won't open on my desktop iMac
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Monday
Topics:
Monday
1 Cheer
You can basically treat the income and expenses as all of the owners agree and see fit. However, I'd urge caution on varying this arrangement from tax year to tax year based solely on taxable inc...
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You can basically treat the income and expenses as all of the owners agree and see fit. However, I'd urge caution on varying this arrangement from tax year to tax year based solely on taxable income of each owner since such an arrangement would lack economic substance (i.e., it would have no purpose other than tax avoidance).
Monday
Hi @elaine91 Thanks for joining the community! There may be some credit cards that allow paying rent. Try searching "Which credit card can I pay rent with?" to start your research. Here's some a...
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Hi @elaine91 Thanks for joining the community! There may be some credit cards that allow paying rent. Try searching "Which credit card can I pay rent with?" to start your research. Here's some articles and a discussion on how to start building your credit: -How to build your credit -How to increase your credit score -How to Raise Your Credit Score Perhaps some others here on the community will have tips for you as well. Best of luck!
Monday
I moved to a condo this past September and rent a room from my brother. I don't have a credit score right now because I haven't used any credit cards or taken out any loans. I hope to build my cred...
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I moved to a condo this past September and rent a room from my brother. I don't have a credit score right now because I haven't used any credit cards or taken out any loans. I hope to build my credit score, and I looked up that I can do so by reporting my rental payments. It is my first time renting from anywhere. I pay my brother my rental payments through Zelle. I tried using Experian to report my rent, but it wasn't getting me anywhere. I was using Experian Boost, and it just scanned my bank and did nothing else. I tried calling customer service, but it also led to no results, as the representatives I spoke to didn't quite understand what I was asking, even after I tried to explain it a couple of times. I did look up sites I can use to report my rent, even though I use Zelle, and one site that came up was called Boom, which acts as a third party to send my reports to a credit bureau. What I want to know is if there is anything else I need to do to report my rent and, in turn, build up my credit?
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Monday
OK, thank you. It sounds like it may not be reliable for running EOY tax planning scenarios just yet.
Monday
Or... was the word "failed" a typo---do you mean that you filed a tax return?
You have to access your own account and/or print it for yourself using exactly the same account and user ID ...
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Or... was the word "failed" a typo---do you mean that you filed a tax return?
You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
Or did you use the desktop version of TurboTax? If so, the files are on your own hard drive or any backup device you used like a flash drive.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei
https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0
You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc
In order to transfer a past year return to the new return you need the tax file
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl
NOTE: TurboTax and the IRS save returns for seven years. Returns older than seven years are purged.
Monday
The online software for 2025 is not yet available; the desktop download has been available for several weeks. Although some of the tax law changes are in the software, he desktop version is still l...
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The online software for 2025 is not yet available; the desktop download has been available for several weeks. Although some of the tax law changes are in the software, he desktop version is still lacking in some forms and many updates will be needed.
Monday
Hi. He was a fulltime student through May of 2025 (meets the 5 month test), he provided for less than 50% of his support, and he will turn 23 in late December 2025. So yes, he does qualify to be my t...
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Hi. He was a fulltime student through May of 2025 (meets the 5 month test), he provided for less than 50% of his support, and he will turn 23 in late December 2025. So yes, he does qualify to be my tax dependant for 2025. (My crystal ball wasn't very clear in Dec 2024 when I had to make these decisions how the future world would look.) What i meant by him being 'well short of the qualification income threshold' is that he won't earn enough ($10k in 2025 income) to even qualify for APTC on his own, and if I don't claim him as a tax dependant for 2025 and include his 1095-A info on my return as my dependant, he will have to pay back the entire APTC amount for 2025 - which is very significant. So it sounds like even though I told Marketplace when I enrolled him last year that he would NOT be my dependant for 2025 tax year, I can simply file my 2025 return listing him as my dependant to reconcile his 1095-A Form numbers using Form 8962 (and he will file his return as a dependant to get refunded his fed/state statutory withholdings), and this will all reconcile out fine; I will have to repay a small, manageable amount of our combined APTC since we will all three (me, wife and son) will all be one happy tax family with a slightly larger total income and be eligile (in total) a slightly larger subsidy amount (maybe?). Does that all sound correct? Thanks
Monday
See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I...
Monday
When I log into QEF, I am unable to find my 2024 filings under 'My Businesses'. I followed the 'Transfer Business' link and did not find 2024 files to upload for the transfer. Is this still under d...
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When I log into QEF, I am unable to find my 2024 filings under 'My Businesses'. I followed the 'Transfer Business' link and did not find 2024 files to upload for the transfer. Is this still under development and the required files will be available later?
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Monday
@NCperson How do we get TT to change the words they use in those HELP and LEARN MORE links?
Monday
I am retired with SS and a small pension. Schwab takes out the tax on my RMD. My understanding (from the forum) is that if I don't allow Schwab to deduct the tax, TurboTax will use my solar credit ...
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I am retired with SS and a small pension. Schwab takes out the tax on my RMD. My understanding (from the forum) is that if I don't allow Schwab to deduct the tax, TurboTax will use my solar credit to pay it. If I owe more taxes, I will pay the additional tax when I submit my tax refund. Do I have that correct?
Monday
1 Cheer
Every Thursday there is an update so I just check then. I have the tax calculation coded into a spreadsheet so I have a pretty good estimate of what my tax is for the year but I like to match Tur...
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Every Thursday there is an update so I just check then. I have the tax calculation coded into a spreadsheet so I have a pretty good estimate of what my tax is for the year but I like to match Turbo tax just as a form of peer review.
Monday
You can purchase the preliminary version of the desktop TurboTax software for 2025 at the following link.
https://turbotax.intuit.com/personal-taxes/compare/desktop/
The preliminary versions ...
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You can purchase the preliminary version of the desktop TurboTax software for 2025 at the following link.
https://turbotax.intuit.com/personal-taxes/compare/desktop/
The preliminary versions are known to be incomplete and contain errors, and they might not include all of the changes in the new tax law. The software will be refined by numerous updates over the next couple of months before it is really ready to use. You can't file your tax return until sometime in January anyway. And you cannot complete your tax return and file it until you have all of your W-2s, 1099s, and other tax documents.
Monday
I don’t live in Illinois but from what I read Illinois doesn’t tax IRA distributions whether early or not.
Monday
2 Cheers
Thanks, all! I used Dinkytown for my Federal Estimate and the State's 1040-ES worksheet for 2025. I am done sending estimated tax to the authorities. Buying this early version of 2025 TT didn't he...
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Thanks, all! I used Dinkytown for my Federal Estimate and the State's 1040-ES worksheet for 2025. I am done sending estimated tax to the authorities. Buying this early version of 2025 TT didn't help, it didn't have Sch. D and one couldn't input anything in any background worksheets either. But it was a good idea buying at Black Friday prices.
Monday
See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I... You'll probably have to call the number listed on that site. I don't think anyone here ...
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See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I... You'll probably have to call the number listed on that site. I don't think anyone here can assist you with this issue.