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2 hours ago
live in california and am missing about $1500 each from state and federal returns. I used full service and both amounts still say "accepted"
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2 hours ago
2025 e-file rejected because IRS couldn't verify my 2024 AGI. I have only recently late filed my 2024, so the IRS doesn't have that info yet.
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2 hours ago
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2 hours ago
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2 hours ago
OK, but box 16 already contains 3 1 4 1 5 6 8 3 0 in light blue. Box 17 contains $1 in darker blue.
2 hours ago
thanks for mentioning that, and seems that's the reason I did see some other webpage mentioning 590B, and I thought it was a form like 8606 and I couldn't find it. so yes, you are right, ther...
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thanks for mentioning that, and seems that's the reason I did see some other webpage mentioning 590B, and I thought it was a form like 8606 and I couldn't find it. so yes, you are right, there is taxable IRA distribution worksheet and everything is there.
2 hours ago
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2 hours ago
Confirm cabin's prior-year depreciation amounts
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2 hours ago
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2 hours ago
This is the first year Turbotax has asked me this question. But it is also the first year I have withdrawn any amount from my Roth IRA.
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2 hours ago
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2 hours ago
Short-term rental (STR) income can qualify for the Qualified Business Income (QBI) deduction, which allows you to deduct up to 20% of your net rental income. However, it is not automatic; your rental...
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Short-term rental (STR) income can qualify for the Qualified Business Income (QBI) deduction, which allows you to deduct up to 20% of your net rental income. However, it is not automatic; your rental activity must meet specific IRS criteria to be considered a "trade or business" rather than a passive investment.
In most cases, STR fall under the IRS Safe Harbor (Notice 2019-07) Requirements under the safe harbour include:
You, your employees, or independent contractors must perform at least 250 hours of "rental services" per year (e.g., advertising, cleaning, guest communication, and maintenance).
You must keep contemporaneous records (logs/time reports) documenting the date, time, and nature of the work performed.
You must maintain separate books and records for each rental enterprise.
2 hours ago
1 Cheer
SAME WITH ME! I think I may be done with TurboTax! I’m about to click file and there is no option to change an drop the “Expert advice” I’ve been using TurboTax for over 25 years. I’m about to be don...
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SAME WITH ME! I think I may be done with TurboTax! I’m about to click file and there is no option to change an drop the “Expert advice” I’ve been using TurboTax for over 25 years. I’m about to be done. I have to go through with this or I can’t file my taxes by tomorrows deadline. This has stressed me out so bad! Anita
2 hours ago
It states it my contributions plus what was matched. That was 26 years ago, I don't have the informaiton.
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2 hours ago
1 Cheer
see worksheet 1-1 on p18 here and sample 8606 following https://www.irs.gov/pub/irs-pdf/p590b.pdf
2 hours ago
This has nothing to do with this post, I just couldn't find where I could post my own new post. Turbo tax sucks. We are already paying taxes, and you've managed to slither your way in to charge us mo...
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This has nothing to do with this post, I just couldn't find where I could post my own new post. Turbo tax sucks. We are already paying taxes, and you've managed to slither your way in to charge us money to file our taxes. Shame all around.
2 hours ago
IRS erroneously issued a 1099 to me instead of my brother's estate
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2 hours ago
back door conversion from a traditional IRA account to a Roth Ira account. Getting the "excess contribution" warning. What to do to resolve? Traditional IRA has funds available for over 5 years.
2 hours ago
I finally solved my issue talking with an IRS agent. The place to enter the 5 digit pin is next to where you would SIGN the return at the very end. I and to save my file where I was at and venture ...
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I finally solved my issue talking with an IRS agent. The place to enter the 5 digit pin is next to where you would SIGN the return at the very end. I and to save my file where I was at and venture to forms to find it. Enter the number ... save the file again and return to the normal format with the pin saved. You get your pin from IRS go there to get it generated under your account.