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a week ago
@JohnQT wrote: And yeah, ChatGPT is a big little liar. Just wait until it gets ahold of all our tax returns claiming exemptions for pets. 😹 They'd be better off with Claude. 😉
a week ago
@JohnQT, not getting into gory details, but I use Virtaluslbox 5.2 to run a Windows 2000 VM running an ancient web server. There is incompatibility when I move to 6.x or 7.x. Since 5.2 doesn’t suppor...
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@JohnQT, not getting into gory details, but I use Virtaluslbox 5.2 to run a Windows 2000 VM running an ancient web server. There is incompatibility when I move to 6.x or 7.x. Since 5.2 doesn’t support Windows 11, I was hoping that a concurrent Hyper-V would allow me to run TT on my W10 machine.
a week ago
1 Cheer
@gjgogol "By George, I think he's got it!" Great job! p.s. tax liability (line 22) and tax owed (line 37) hangs up a LOT of people! and you are right, "words matter"!
a week ago
Topics:
a week ago
Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when you mail them. Software for pa...
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Each tax year has to be filed separately using the forms for the specific tax year. They cannot be combined in any way--do not even put them in the same envelope when you mail them. Software for past years is available back to 2022. Any earlier years can only be prepared on paper forms by hand--and those refunds have been forfeited now.
Online preparation and e-filing for 2022, 2023, and 2024 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2022, 2023, or 2024 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
a week ago
@dhayman I can't imagine what your reason is for needing VirtualBox version 5.2 specifically, but I know that the v6.x release had "working" compatibility with Hyper-V, and v7.x has mostly ironed out...
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@dhayman I can't imagine what your reason is for needing VirtualBox version 5.2 specifically, but I know that the v6.x release had "working" compatibility with Hyper-V, and v7.x has mostly ironed out the kinks. In any case "working" leaves much to be desired, as VirtualBox uses the Hyper-V hypervisor if it's enabled on your PC, and VirtualBox running on top of Hyper-V is painfully slow. In fact, the CPU icon in the VM status bar will change from a blue rectangular "V" icon to a green "sea turtle" icon when the VM is using the Hyper-V hypervisor, and yes it's slow as a turtle. To allow VirtualBox to use it's own hypervisor (a much speedier experience) you'll need to take extra steps to prevent Hyper-V from getting in the way. Which steps to take depend on whether or not you've explicitly installed and enabled certain Hyper-V components in Windows, and also if the (default) DeviceGuard settings are enabled. This link does a fairly decent job of laying out all the places to look and things to do, however if you search "VirtualBox green turtle" you'll find a lot of pages that focus on specific suggestions: https://superuser.com/questions/1778061/green-turtle-snail-mode-slow-performance-indicator-on-virtualbox-vm And yeah, ChatGPT is a big little liar. Just wait until it gets ahold of all our tax returns claiming exemptions for pets. 😹
a week ago
I am also using Deductible Duck and I love it. To me it's totally worth the price due to the ease of immediately entering deductions throughout the year and the extreme convenience of being able to...
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I am also using Deductible Duck and I love it. To me it's totally worth the price due to the ease of immediately entering deductions throughout the year and the extreme convenience of being able to download the information directly to Turbo Tax. Dave (the developer) has been sending out emails to provide updates and says that "my mailbox is always open" for input from users. As a long time user of It's Deductible I am so thankful that Dave has provided an absolutely perfect substitute.
a week ago
@M-MTax @AmeliesUncle @VolvoGirl What I thought was going to be a straightfoward question on depreciation has resulted in a lot of great questions for me and I really appreciate the dialogue! T...
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@M-MTax @AmeliesUncle @VolvoGirl What I thought was going to be a straightfoward question on depreciation has resulted in a lot of great questions for me and I really appreciate the dialogue! The LLC is a multi-member LLC that was established in July 2024 and filed with a fiscal ending date of Nov 30 as that aligns with 1099s produced by my property management company that end on Nov 30. I appear to be fortunate that there are two members to the LLC in order to use the fiscal date, but I hope I'm not missing anything more on that issue. I did file my taxes from 7/2024 - 11/2024 on the 2024 1065 as it was a short year. As I am preparing my taxes for 11/24 - 11/25, I tried starting in TT Business 2024, but when I select a fiscal tax year, the furthest into 2025 that it goes is June. If I select the month of Novemeber, then it defaults the end date to 11/2024 without an option to change to 2025. If I start the return in TT Business 2025 with a Nov end date, it selects 11/2026 using the 2025 1065. My workaround to start is using TT 2024 and changing the start of the business to 2023 with a plan to override that later in the process. Better suggestions? I haven't even gotten to the depreciation, but hopefully that uses 27.5 years. Thank you!
a week ago
Shall we take bets at to whether that "Link to ChatGPT and help us train our AI model" checkbox is checked by default? 😋
a week ago
1 Cheer
I too, am very irritated with Intuit's decision to discontinue It's Deducible. The good news, is that I recently started using a replacement website that is very similar called Deductible Duck. So ...
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I too, am very irritated with Intuit's decision to discontinue It's Deducible. The good news, is that I recently started using a replacement website that is very similar called Deductible Duck. So far, I have been pleasantly surprised. The developer is very responsive and quickly fixed a small issue I found with the generation of the PDF receipt download. Definitely worth checking out. It's free to use if donations are less than $1000 so no cost in trying for yourself. Website is here: https://deductibleduck.com/
a week ago
1 Cheer
@user17638037803 Not sure anyone here knows how to fix that, and phone support doesn't seem to be available for people living in Foreign locations ____________________ Still...you probably sho...
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@user17638037803 Not sure anyone here knows how to fix that, and phone support doesn't seem to be available for people living in Foreign locations ____________________ Still...you probably should just stop trying to mess with the State forms it until Mid-January, and to get the proper CA tax forms.... Right now, the Paper CA tax forms are not expected to be ready until sometime AFTER 6 January... ....and for e-filing purposes, none will be ready until After 8 January. i.e, just run the main updates for your software every Friday until then, and maybe it will all get smoother. (for e-filing, you cannot e-file CA until ALL the Federal forms for your e-filing are ready too. Like some of the foreign credits until after 15 Jan, and a scattering of Fed forms, not until late in January or even February)
a week ago
There are 2 different loans, Flex and Refund Advance Apply for a Flex Loan TurboTax Flex Advance loan – Get $350-$2,000 | TurboTax What is the Turbo Tax Flex Advance? https://ttlc.intuit.co...
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There are 2 different loans, Flex and Refund Advance Apply for a Flex Loan TurboTax Flex Advance loan – Get $350-$2,000 | TurboTax What is the Turbo Tax Flex Advance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I... The Advance Refund loan won't be available until after January 1 and just when you are ready to file. And only if they offered it to you. You can't self select it. Then you don't get it until AFTER your efile is Accepted by the IRS. https://turbotax.intuit.com/refund-advance/
a week ago
Topics:
a week ago
looking to file prior years tax returns? Google it. @stjmalloy50
a week ago
1 Cheer
@AmeliesUncle wrote: And that isn't even going into asking if choosing a Fiscal Year was allowable for his situation or not .... That's true and a good point. Also, perhaps asking if this, in...
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@AmeliesUncle wrote: And that isn't even going into asking if choosing a Fiscal Year was allowable for his situation or not .... That's true and a good point. Also, perhaps asking if this, in fact, is a multi-member LLC.
a week ago
2 Cheers
And that isn't even going into asking if choosing a Fiscal Year was allowable for his situation or not ....
a week ago
ok but I get the following, this is using Mac Premier version.