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5 hours ago
Why am I receiving this error code? I need to download my 2024 taxes.
5 hours ago
2 Cheers
Hyper-V is also available in Enterprise and Education editions. You can freely download the ISO images for any regular Windows desktop edition (Home, Pro, Enterprise, Education) direct from Microsof...
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Hyper-V is also available in Enterprise and Education editions. You can freely download the ISO images for any regular Windows desktop edition (Home, Pro, Enterprise, Education) direct from Microsoft. Reminder that Microsoft doesn't force you to Activate, as long as you don't care about "Personalization" and can put up with occasional nags. (Their activation routines are also fully documented by third parties on M$-owned GitHub if you care to look around...) I've never had a problem with VirtualBox VMs being "prone to crashing" (YMMV). They either startup or they don't, and when they don't it's usually pretty easy to diagnose the problem by searching on the error string. I mentioned somewhere in one of the Anti-Win11 threads here that I performed a Windows in-place upgrade from 10 to 11 on a VirtualBox VM and then was able to successfully install TurboTax TY2025 into the VM. That VM did not have the virtual TPM enabled, which proves that TT is not using the TPM to store any "secrets" and only "requires" a TPM as a consequence of the base requirements for Windows 11 (which can easily be circumvented with some MS-documented registry settings...) That "Native Image Application or WIM Injection" routine for Hyper-V sounds painful (even for a retired IT geek like me). I think it would be easier to just spin up a VirtualBox VM using the built-in unattended script that Oracle provides in the app? VirtualBox will automatically create a VM in about 15 minutes. All you need to do is point it to an appropriate ISO image and specify the default username and password. Easy-peasy. VirtualBox does run noticeably slower under Windows (the hypervisor icon actually changes from a chip to a turtle), due to Hyper-V being the underlying hypervisor. There are ways to workaround this issue but they involve disabling security features that are integral to Windows 10 & 11. Rather than struggle with Windows over this issue (and the larger issue of forced OS and hardware upgrades) it made more sense to me to just move away from Windows altogether... I'm currently running VirtualBox under Zorin OS (an Ubuntu derivative) and my Windows 11 "Records" VM (for TurboTax, WillMaker, etc.) boots to a login prompt in under 2 seconds. I started my TT 2025 return yesterday and I'm almost done with the Income section. Expect to be done with the Credits section and onto State today. I don't expect to have any problem at all with eFile but will update this thread here if I do.
5 hours ago
If Trust owns a 10% interest in a commercial property through a Partnership and the Partnership sells the property, can the Trust (now Irrevocable) claim a stepped up basis value for calculating a ne...
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If Trust owns a 10% interest in a commercial property through a Partnership and the Partnership sells the property, can the Trust (now Irrevocable) claim a stepped up basis value for calculating a net capital gain for the beneficiaries?
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5 hours ago
You do not "need" 1095A unless you actually had health insurance from healthcare.gov--aka the marketplace, aka "Obamacare" aka Affordable Care Act. If you had 1095B then when it asks if you have a...
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You do not "need" 1095A unless you actually had health insurance from healthcare.gov--aka the marketplace, aka "Obamacare" aka Affordable Care Act. If you had 1095B then when it asks if you have a 1095A you just say NO and move on. You do not enter anything about having a 1095B.
5 hours ago
The issue is that Form 1065 is not subtracting out my K1 income on Line 4b, even though I have indicated both that I am a General Partner and confirmed I am an active participant when asked. There don...
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The issue is that Form 1065 is not subtracting out my K1 income on Line 4b, even though I have indicated both that I am a General Partner and confirmed I am an active participant when asked. There don't seem to be any other relevant questions to trigger the material participation status and subsequent adjustment to NII on Form 8650 Line 4b.
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5 hours ago
To find what I paid for TurboTax last year:
Go to Tax Home
Scroll to "Your tax returns & documents"
Download your PDF return
Or view payment history.
Specifically, check the ...
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To find what I paid for TurboTax last year:
Go to Tax Home
Scroll to "Your tax returns & documents"
Download your PDF return
Or view payment history.
Specifically, check the Refund Processing bank paperwork
5 hours ago
You have not mentioned your age(s) or whether you had any investment income.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-cred...
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You have not mentioned your age(s) or whether you had any investment income.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant
6 hours ago
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6 hours ago
EDD website says 1099-G won't be sent if it's disability income because it's not taxable. Turbo Tax says it is taxable. I'm confused.
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6 hours ago
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6 hours ago
Where do I input construction loan interest if I do not get a 1098?
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6 hours ago
Yes, you need to report foreign income if you're a US citizen or resident. You'll need to report all of your income, whether it was earned in the US or abroad.
Here's how to enter your for...
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Yes, you need to report foreign income if you're a US citizen or resident. You'll need to report all of your income, whether it was earned in the US or abroad.
Here's how to enter your foreign income:
Sign in to TurboTax and open or continue your return.
Search for foreign income - (select the magnifying glass icon)
Answer Yes to Did You Make Any Money Outside the United States? and follow the onscreen instructions.
If you lived and worked in a foreign country, you might qualify for the foreign income exclusion. We'll ask questions to see if you qualify after you've entered your foreign income.
TurboTax FAQ - Do I need to report foreign income?
6 hours ago
A bathroom renovation is considered to be a component of the house itself and will be depreciated over the same recovery period as the property.
If you renovated a bathroom in a rental proper...
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A bathroom renovation is considered to be a component of the house itself and will be depreciated over the same recovery period as the property.
If you renovated a bathroom in a rental property, then select Rental Real Estate as the type of property being depreciated when entering the Asset, then Residential Rental Real Estate as the category.
Or, pay close attention to the options on screen as you start to enter the Asset information. Depending on the cost of the renovation, you may qualify to make the annual election and claim it as an expense instead of depreciating the improvement.
6 hours ago
1 Cheer
The entry for 529 contributions on the Virginia tax return in TurboTax Desktop is under Income not Other Situations.
See the screenshot provided by DawnC for details on where to enter the 529 ...
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The entry for 529 contributions on the Virginia tax return in TurboTax Desktop is under Income not Other Situations.
See the screenshot provided by DawnC for details on where to enter the 529 contribution information in the Income section entitled Here's the income that Virginia handles differently.
6 hours ago
Why didn't we qualify for EITC?
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6 hours ago
Yes, the standard deduction is applied to each part year return- each state handles the deductions differently due to their unique tax structures.
The standard deduction is applied to your Ariz...
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Yes, the standard deduction is applied to each part year return- each state handles the deductions differently due to their unique tax structures.
The standard deduction is applied to your Arizona part-year resident return- but Arizona typically calculates tax by starting with your total income and then multiplying the tax by a "proration ratio" (Arizona income divided by total income) or applying the deduction to the Arizona-specific portion.
For part-year residents, Utah often requires you to prorate or calculate a specific deduction based on Utah-sourced income. Utah uses a Taxpayer Tax Credit instead of a direct deduction from income. Utah calculates your tax at a flat rate on your taxable income first. It then applies a non-refundable credit equal to roughly 6% of your federal standard deduction and personal exemptions.
TurboTax does the calculations behind the scenes based on how the state requires it to be reported.
6 hours ago
i chkd info is correct. software keep telling me same error
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6 hours ago
I am specifically asking about employee contributions to HSA through Payroll deduction.
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6 hours ago
Major financial institutions like USAA or Rocket Mortgage may not appear in your TurboTax program under Add Investment because they are not participating import partners of TurboTax this year. Not al...
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Major financial institutions like USAA or Rocket Mortgage may not appear in your TurboTax program under Add Investment because they are not participating import partners of TurboTax this year. Not all banks choose to partner with TurboTax.
If your financial institution does not partner with TurboTax, you will have to select "I'll type it in myself" to enter your data.
You can enter a Form 1099-Div manually as follows (for other Forms 1099 just change the DIV to the appropriate form name).
Click on "Search" at the top right of your TurboTax screen.
Type "Form 1099-DIV" in the search box.
Click on the link "Jump to Form 1099-DIV"
Your screen will say Did you have investment income in 2025? Answer Yes and Continue
On the next screen select Add investments
On the next screen select Skip Import and Continue
Click on the box that says Dividends, (it will turn green) and select Continue
Your next screen will say Let's get the info from your 1099-DIV.
Enter your information on your Form 1099-DIV and Continue
Answer all follow-up questions regarding your form
Click here for Where do I enter my 1099-DIV in TurboTax Online? Click here for information on entering a Form 1099-INT.
Please feel free to come back to TurboTax Community with additional information or questions.
6 hours ago
OK. While I appreciate PatricaV's attempt to help us - I want to clarify for anyone in the future who is just as frustrated as me. DO NOT use TurboTax for your 2025 MI tax return if you have Flow-T...
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OK. While I appreciate PatricaV's attempt to help us - I want to clarify for anyone in the future who is just as frustrated as me. DO NOT use TurboTax for your 2025 MI tax return if you have Flow-Through-Entity info. -I tried in Online as we all did and it is not possible -I followed Patricia's direction to switch to the Desktop version, but THAT TOO is NOT possible despite earlier advice. -I spent an hour with TurboTax support, which was an awful experience. It seems no one there is aware that this is not possible either. And they love to repeat questions, treat you like you're a moron, and try and share your screen repeatedly, but won't be able to because there is personal info on the screen (And continually blame you for the problem) You CANNOT manually write in any of the FTE info into the TurboTax Desktop fields and your return will be incorrect without it. The only option (unless anyone else found something else) is to manually fill out everything on your MI Tax return that has any relation to Flow Through Entity. This includes: -MI 1040 -MI Schedule 1 -MI Form 6072 You will need to do all the calculations yourself by following the directions. For me, I was able to downloadf the PDF of everything for the MI tax return so I could include any pages that did not need to be changed and to copy information over quickly for all the parts of the various forms that were not related to FTE items. If anyone finds another solution, please post it - but I just bit the bullet and did it manually. My current conclusion is that TurboTax is useless for the State of Michigan for anyone with FTE. @PatriciaV