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It takes three to four weeks for a human at the IRS to open your envelope and enter the information into the system.   Then you can track your own refund on the IRS refund site.    TurboTax does ... See more...
It takes three to four weeks for a human at the IRS to open your envelope and enter the information into the system.   Then you can track your own refund on the IRS refund site.    TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds  
"it seems like you're directing me to just claim this income as income from a US employer why failed to give me a w-2." The income IS from a U.S. employer that failed to give you a W-2. A busines... See more...
"it seems like you're directing me to just claim this income as income from a US employer why failed to give me a w-2." The income IS from a U.S. employer that failed to give you a W-2. A business with an employee in the U.S. is a U.S. employer. It doesn't matter if the employer's headquarters is in another country. "There's no indicating that this income came from a foreign country" The income is not from a foreign country. It's from work that you performed in the United States. It is U.S. income. "There is a Canadian Tax ID number for the employer" The Canadian tax ID number means nothing to the IRS. There is no place to put a Canadian tax ID number anywhere on a U.S. tax return. Nothing you enter in your U.S. tax return has anything to do with your refund from Canada. Your Canadian refund comes from your Canadian tax return. "My issue is, I've already been taxed by the Canadian government on that income, and I don't need to pay taxes to two countries for one income." You need to look into the foreign tax credit. That's a credit on your U.S. tax return for income tax that you paid to another country. It reduces your U.S. tax to compensate for the tax you paid to Canada. It's very complicated, and I don't know much about it. You could just go through the foreign tax credit interview in TurboTax. Go to Federal Taxes > Deductions & Credits. Under "Estimates and Other Taxes Paid" click the Start button for Foreign Taxes. I don't know how thorough this is. You also need to take into account the tax treaty between the U.S. and Canada. I have no idea how that might affect your situation. This is one reason that you probably should consult a local tax professional who is familiar with U.S. and Canadian taxes. In preparing your Canadian tax return, keep in mind that the income you received from your Canadian employer is U.S. income, not Canadian income. You earned it for working in the United States. You did not work in Canada. I'm not familiar with Canadian tax laws, but they probably should not have issued the T4, and probably should not have deducted Canadian tax from your pay. This is something else to discuss with a tax professional. Your situation is made more complicated by the employer not having handled it correctly. There is another Champion in this U.S. TurboTax community who is more familiar with foreign taxes than I am. I don't know how much he knows about Canada specifically, but let's ask him.  @pk  can you help with this?  
Thanks for this. Sorry it’s actually line 6 in form 8960 that I need to update. I need to calculate my net inv income tax but turbo tax doesn’t know how to include my income from 8621 thanks!
My wife and I are retired and looking to maximize ACA health insurance credits.  She will have $11,000 of earned W2 wages for the 2025 tax year (plus significant non-earned income).  Can we take a de... See more...
My wife and I are retired and looking to maximize ACA health insurance credits.  She will have $11,000 of earned W2 wages for the 2025 tax year (plus significant non-earned income).  Can we take a deduction for traditional IRA contributions of $8,000 for her and an additional spousal contribution of $8,000 for me, for a total of $16,000 - or will we be capped to a maximum of $11,000 due to earned income?  Thanks for your help!
The 2024 Cedar Fair tax booklet states that if you have a passive loss to not report the amounts of lines 1, 9c, 10 or 17 (codes A & B) from the K-1 if you have not disposed of your units. It suggest... See more...
The 2024 Cedar Fair tax booklet states that if you have a passive loss to not report the amounts of lines 1, 9c, 10 or 17 (codes A & B) from the K-1 if you have not disposed of your units. It suggests to fill out Form 8582 to keep track of suspended losses. I get that I can't deduct this in the current year, but I'm not understanding why it is suggesting to not even enter these amounts. Please advise and thank you.
@macey.karr , agreeing with the excellent / complete answers by my colleagues @Bsch4477  and @Hal_Al , just like to draw attention to the assumption here  that this housing is in the USA and not abro... See more...
@macey.karr , agreeing with the excellent / complete answers by my colleagues @Bsch4477  and @Hal_Al , just like to draw attention to the assumption here  that this housing is in the USA and not abroad  and that the  short time is less than a year.
@TMM322 , thank you for your response ---  (a) why are you using "Bonafide Resident" ?  This generally requires  IRS  approval and of course means you have declared yourself as a resident of the co... See more...
@TMM322 , thank you for your response ---  (a) why are you using "Bonafide Resident" ?  This generally requires  IRS  approval and of course means you have declared yourself as a resident of the country.  Most expats  ( including myself back in the late eighties and nineties) stick to  Physical Presence Test  ( i.e.  you file  once you have met the 330 days away from the US in a 12 month test period).  I will circle  back if need be based on your answer (b) Since we are volunteers ( and no financial or otherwise connection to Intuit and its holdings), we appreciate / love  "Cheers/Kudos " or "Accepted" -- generally a sign that we are indeed helping others in  preparing correct  returns. Of course  if we do not reach that level of satisfaction, then you need to tell us what we can do more to deserve that accolade.   pk
You can't just edit Form 8960. Almost everything on Form 8960 comes from somewhere else. Let's start by clarifying precisely what you mean by "My capital gains is not included in my form 8960." A... See more...
You can't just edit Form 8960. Almost everything on Form 8960 comes from somewhere else. Let's start by clarifying precisely what you mean by "My capital gains is not included in my form 8960." Are you saying that you do have Form 8960 in your tax return, but it does not include your capital gain? Is there an amount (other than zero) on your Form 1040 line 7? If not, what capital gain do you have that you think should be included on Form 8960? If you do have an amount on Form 1040 line 7, does the amount from Form 1040 line 7 appear on Form 8960 line 5a? If so, then your capital gain is included. Why do you say it's not included? If the amount from Form 1040 line 7 is not on Form 8960 line 5a, what is on Form 8960 lines 5a, 5b, 5c, and 5d? I assume that you are using the desktop TurboTax software. Is that correct? Make sure three are no overrides anywhere in your tax return. An override can cause the TurboTax calculations to break in unexpected ways, even if the override is in a place that you think has nothing to do with the problem. Occasionally people create an override accidentally by pressing Ctrl-D without realizing it. If an entry has been overridden, the value will be displayed in red instead of black in forms mode.  
@thisblows    Find a reputable EA, CPA, or qualified tax professional in your area.    My opinion (and I have been there and dealt with this sceanrio previously) is that the best approach is to f... See more...
@thisblows    Find a reputable EA, CPA, or qualified tax professional in your area.    My opinion (and I have been there and dealt with this sceanrio previously) is that the best approach is to file a 1041 and let the estate pay any tax due for the year in question (2023, presumably).   You should note, and inform your tax professional, that the estate was in probate for an extended length of time and that costs were incurred and NOTE that ALL of those costs are deductible on the 1041.   Note also, that the estate might incur a late filing penalty plus interest BUT those charges plus the tax due could be totally, or in large part, offset by the estate's $600 exemption and the deduction for probate costs (plus any other related deductions).   Finally, note that in order for the dividends to be IRD, and taxable to whoever received them, they would have had to have been includible in the decedent's final return. If the dividends were received (not just the tax reporting form) after the decedent passed, then that income would be includible in the estate's income and potentially reportable on Form 1041.
@Bsch4477 wrote: If you are self employed and the computer is generally accepted as something used in your business you don’t have to prove anything.  I think it would be very rare for the... See more...
@Bsch4477 wrote: If you are self employed and the computer is generally accepted as something used in your business you don’t have to prove anything.  I think it would be very rare for the IRS--even if they audit you--to ask to see the tablet and look for apps like Netflix or Hulu or mobile games.   (The IRS does sometimes do full compliance audits where they ask to see every piece of paper and account for every dollar in your bank account, but these are extremely uncommon, and they are used to build up a statistical picture of how compliant the US is as a whole, rather than an enforcement action on an individual.)    
Your question was "Do I owe taxes?" What Bsch4477 and fanfare are telling you is that the answer is No. You do not owe tax on your crypto trading because you have a net capital loss for the year. ... See more...
Your question was "Do I owe taxes?" What Bsch4477 and fanfare are telling you is that the answer is No. You do not owe tax on your crypto trading because you have a net capital loss for the year. You didn't say whether you have any other income besides crypto trading. If so, you might owe tax on the other income, besides capital gains and losses. You cannot claim the entire capital loss in one year. Only $3,000 of the capital loss can be used to offset other income. The rest of the capital loss is carried over to future years. So if you have more than $3,000 of other income you might still owe tax on the other income.  
In the desktop version of TurboTax (I'm on a Mac)  The option File > Print >  Return for your records (dropdown)  > All forms and worksheets (radio button)   DOES NOT PRINT ALL WORKSHEETS.    To ... See more...
In the desktop version of TurboTax (I'm on a Mac)  The option File > Print >  Return for your records (dropdown)  > All forms and worksheets (radio button)   DOES NOT PRINT ALL WORKSHEETS.    To create a PDF or print ALL worksheets I found you have to select  File > Print >  Selected Forms (change dropdown)  > (list of forms with checkboxes). All forms should be checked by default.   For me, "Print all forms and worksheets" gets me a 117-page PDF that clearly does not include detail worksheets for all entries on schedule C expenses.  Using the "Selected Forms" option with all forms selected generates a 914-page PDF that appears to include the detail subtotal sheets for each field of each schedule C. 
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=m7e64td0
A VA 760 is a VA resident state income tax form.   Did you prepare and file a 2024 federal and state income tax return?  If so, your school wants a copy of your state income tax return.
@user17556129293 Did you e-file your 2023 return?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”  ... See more...
@user17556129293 Did you e-file your 2023 return?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”     When you e-file your return you will get two emails from TurboTax.  The first one will say your return has been transmitted; the second one will tell you the IRS has accepted  or rejected your federal e-file.  If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.   Check your e-file status:   https://turbotax.intuit.com/tax-tools/efile-status-lookup/    What does it say in your account?  Does it show that the return was accepted?   Or does it say something else---like "rejected," "printed," or "ready to mail?”   If you discover or realize that your e-file was rejected, you will need to print it, sign and date it in ink, and file it by mail now, since e-filing is closed for returns for tax year 2023.   Your only proof that you paid your 2023 tax due will be your own bank or credit card records.  TurboTax never knows how, when or even if you paid the IRS (or your state).   The IRS does not share any information with TT after you file your tax return.      
TY 2023 - TurboTax Deluxe The IRS says I did not file a 2023 return. I looked at my 2023 TurboTax InfoWks 1040/1040SR Worksheet and on page 8 it says Filing Address Information You have chosen ... See more...
TY 2023 - TurboTax Deluxe The IRS says I did not file a 2023 return. I looked at my 2023 TurboTax InfoWks 1040/1040SR Worksheet and on page 8 it says Filing Address Information You have chosen to electronically file this return.   However, when I look at the 2023 TurboTax Deluxe main menu - File and then Electronic Filing - Status - It says I have not e-filed any of my returns.   What screen is correct and what is wrong.  How can I verify if TurboTax successfully e-filed my return.