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yesterday
I want to delete my Turbo Tax that I started and start over for this year?
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yesterday
I know I can hand enter all of my 1099-R's manually but that is quite a lot of work especially when the help shows that Turbotax used to be able to upload pdfs of the 1099-R's in the past. Because t...
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I know I can hand enter all of my 1099-R's manually but that is quite a lot of work especially when the help shows that Turbotax used to be able to upload pdfs of the 1099-R's in the past. Because these are all from the same institution can I save having to reenter the addresses all the time by adding together the entries from all the 1099-R's and entering them into one 1099-R form in Turbotax. I can't see why this wouldn't work except there may be a one to many 1099-R form relationship that the IRS may not like?
yesterday
It says that I didn’t qualify for Washington Working Families Tax Credit (WFTC) so I couldn’t file my taxes for Washington. I was always able to do them before, I’m not sure what the issue is. I alrea...
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It says that I didn’t qualify for Washington Working Families Tax Credit (WFTC) so I couldn’t file my taxes for Washington. I was always able to do them before, I’m not sure what the issue is. I already finished and turned my forms for my Arizona ones so I’m not sure if that’s what’s messing it up or what it is.
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yesterday
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yesterday
From the LLC that provided the K-1. See the following link that references the Form 8990 instructions and explains more about Section II, Line 6:
Form 8990, Section II, Line 6, Tentative Taxabl...
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From the LLC that provided the K-1. See the following link that references the Form 8990 instructions and explains more about Section II, Line 6:
Form 8990, Section II, Line 6, Tentative Taxable Income
yesterday
Need help with obama care premiums. Where do I list those, please? In the Medical expense section on Turbo Tax, it says not to include marketplace plan premiums
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yesterday
I did not receive anything to report on my 1099r
from cashing in an annuity that I paid 28% of taxes on
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yesterday
Since you were married on December 31 you have to file as MFJ or MFS. As a US Citizen or a Resident Alien, you have two choices in filing your taxes. Option 1 Treat your spouse as resident alie...
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Since you were married on December 31 you have to file as MFJ or MFS. As a US Citizen or a Resident Alien, you have two choices in filing your taxes. Option 1 Treat your spouse as resident alien for tax purposes. If you do this, you will need to include your spouse's worldwide income in your US tax return and it will be subject to US taxes. To do this follow these steps. Attach a statement to your tax return, signed by both spouses, that states that one spouse is a nonresident alien and the other is a U.S. citizen or resident alien, and you are choosing to both be treated as US residents for the tax year. List the name, address and Social Security number (or Individual Taxpayer Identification number) of each spouse. If your spouse has a social security number you will use it. If not, you will need to apply for a number using Form SS-5. If your spouse is not eligible to apply for a Social Security number, complete a Form W-7, Application for IRS Individual Taxpayer Identification Number (ITIN) (http://www.irs.gov/pub/irs-pdf/fw7.pdf). This form will be attached to your tax return. Turbo Tax does not support the Form W-7. You can complete it outside of Turbo Tax. You will have to print, sign and mail your return in if you are using Form W-7. For the first year you make the choice, you have to file a joint return. In later years you can file joint or separate returns. Married Filing Jointly will give you a higher standard deduction and has other benefits that are not available using a married filing separately status, but you do have to include your spouse’s worldwide income in joint income. Option 2 Treat your spouse as a nonresident alien for tax purposes. You will not have to include your spouse’s non-US income on your U.S. tax return. You will have to use the filing status of Married Filing Separately. https://www.irs.gov/Individuals/International-Taxpayers/Nonresident-Spouse-Treated-as-a-Resident If everyone on the tax return has a social security number or ITIN, you should mail your return to the address listed in the 1040 instructions. Tax returns with a Form W-7 should be mailed to the Austin TX address. A tax return accompanied by one or more W-7 forms cannot be submitted electronically. You can submit it in person at any IRS Taxpayer Assistance Center that performs in-person document reviews; most major cities have such assistance centers, and there is at least one center in every state. You can also submit tax returns with W-7 forms by mail to: Internal Revenue Service ITIN Operation P.O. Box 149342 Austin, TX 78714-9342 According to the IRS, it takes 6 to 10 weeks to obtain an ITIN. An ITIN will expire at the end of the year if it is not used on a federal tax return in the last 3 years.
yesterday
Military retirement pay is generally considered a non-qualified plan for tax purposes, as it is a government pension not covered by ERISA (Employee Retirement Income Security Act). The Thrift Saving...
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Military retirement pay is generally considered a non-qualified plan for tax purposes, as it is a government pension not covered by ERISA (Employee Retirement Income Security Act). The Thrift Savings Plan (TSP) offered to military members is a qualified plan.
yesterday
In February 2025, inherited my mom's brokerage account from JP Morgan. It was all securities I did not want to own, so I sold it all in March of 2025 and transferred the cash to Vanguard. My mother ...
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In February 2025, inherited my mom's brokerage account from JP Morgan. It was all securities I did not want to own, so I sold it all in March of 2025 and transferred the cash to Vanguard. My mother passed away Dec 2024. There are a few short term transactions on the 1099B, which I need to call JP Morgan back and ask why it's not all listed as long term sales, the short term sales are all transactions that have a date acquired between the date my mom passed and when JP Morgan finally transferred my inheritance to my account. After importing the JP Morgan 1099B brokerage statement into my TT desktop, I swear I answered the last of the 3 questions before editing the import correctly...the third question was if I bought all the securities.....I am pretty sure I said no. The 1099B lists the sales as long term, but I need to manually enter INHERITED for each 840 transactions? I tried bulk editing but do not see that category to edit. I started this grueling process until I realized the amount of entries involved. Is there an easier way to do this or do I need to delete the import and import again, could I have accidentally not replied incorrectly to the third question about whether I purchased these securities. There is no way I can figure out how to get back to those 3 questions before you edit the inport.
yesterday
@mesquitebean Your instructions were clear. I do have the 2024 forms on my computer. But after using TT for so manyyears, i can truly say that it never offered to search or find last years returns....
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@mesquitebean Your instructions were clear. I do have the 2024 forms on my computer. But after using TT for so manyyears, i can truly say that it never offered to search or find last years returns. it never asked if I wanted it to load those files. I was surprised, but just kept going. But halfway through the taxes, i realized how much I depended on seeing last years info with this years info. i am not clear about how to tell TT to add them to my return. When i have the chance, i will try that trick of starting a new return and let you know. Thanks.
yesterday
how do i find my 2018 and 2019 tax returns nothing works
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yesterday
To find out if you paid mortgage points, you should check your Closing Disclosure or Settlement Statement from when you finalized the loan. Look for line items labeled "Points" or "Loan Discount" or...
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To find out if you paid mortgage points, you should check your Closing Disclosure or Settlement Statement from when you finalized the loan. Look for line items labeled "Points" or "Loan Discount" or similar.
Also, you can check Box 6 of Form 1098 (Mortgage Interest Statement) for the year you closed on the home.
You could also contact your lender if you are unable to determine based on the above.
yesterday
Or is it non qualified?
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yesterday
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yesterday
first action directed solution that i understood,
yesterday
Thanks for the answer. On a different IRA, I missed making my 2025 RMD. Could the excess 2025 RMD on this IRA be counted as satisfying my total 2025 RMD (all IRA's)?
yesterday
When entering the sale of the property in the Rental section it is asking for the following: 1. Asset Sales Price 2. Asset Sales Expenses 3. Land Sales Price 4. Land Sales Expenses Need guida...
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When entering the sale of the property in the Rental section it is asking for the following: 1. Asset Sales Price 2. Asset Sales Expenses 3. Land Sales Price 4. Land Sales Expenses Need guidance on how to determine the values for each.
yesterday
I don’t know if I ever paid for the points. How do I find that out?
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yesterday
Where do I add the taxes? I went to a professional company, and they didn't know either... It's confusing for me if the professionals don't know.. how would I? Thanks a bunch!
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