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yesterday
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yesterday
This post solved the problem for me: Re: TurboTax Desktop says tax forms obtained; but they're not. No error message. No help.
yesterday
How do I get tax free interest to add to my AGI for MAGI purposes to reduce the senior additional deduction.
yesterday
If you are referring to having direct deposit of a state tax refund sent to an international account, this generally is not allowed. Most state agencies require a U.S. bank account or have a paper ch...
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If you are referring to having direct deposit of a state tax refund sent to an international account, this generally is not allowed. Most state agencies require a U.S. bank account or have a paper check mailed to your address. You can verify with your state's department of revenue.
@thewatchtower805
yesterday
A form 1099-K is not necessary to complete your tax return. If you are in the business of buying and selling products it would be considered a business activity. In that case you will use the link b...
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A form 1099-K is not necessary to complete your tax return. If you are in the business of buying and selling products it would be considered a business activity. In that case you will use the link below to enter your business activity. Without a 1099-K you begin the self employment entry and use 'Other self employment income' and enter the amount you received for your sales. You will see the option to enter your expenses. Keep good records with your tax file.
How do I report income from self employment?
Note: You can decide if it is hobby or business income. This IRS link will help you: Business or Hobby?
Key elements:
A hobby requires you to report the income you received and under the current tax law, Tax Cuts and Jobs Act (TCJA), no expenses are allowed to be used to reduce the money collected even if you itemize deductions.
A business allows you to deduct the costs necessary to obtain the income. The law explains that 'you must be engaged in the activity to produce a profit'. The test under IRS tax law is that you must show a profit three out of every five consecutive years to be considered a business.
yesterday
Also have same error with fully depreciated items (placed in service in 2010 and 2013), some that are 150DB/HY 15-year property, some that are 200DB/HY 5-year property and some that are 200DB/MQ 5-ye...
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Also have same error with fully depreciated items (placed in service in 2010 and 2013), some that are 150DB/HY 15-year property, some that are 200DB/HY 5-year property and some that are 200DB/MQ 5-year property. All items took either 100% or 50% special depreciation allowance in the year placed in service. Some items have been fully depreciated for several years but are still in service. This issue has NEVER come up in the Federal Review in past years.
yesterday
Thanks Worked like a charm!!!
yesterday
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The additional senior deduction enacted due to the One Big Beautiful Bill Act (OBBBA) is not reported as part of the standard deduction on your tax return. Instead, you will see it included on Form ...
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The additional senior deduction enacted due to the One Big Beautiful Bill Act (OBBBA) is not reported as part of the standard deduction on your tax return. Instead, you will see it included on Form 1040 line 13b.
Amounts shown on line 13b can be traced back to Schedule 1-A line 38 where the total Enhanced Deduction for Seniors is calculated.
yesterday
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if ag...
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If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
yesterday
How to get back to the page that says no we don’t have the 1095 a form
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yesterday
The issue you are having could be due to several different factors.
I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all...
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The issue you are having could be due to several different factors.
I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:
TurboTax Online:
Sign into your online account.
Locate the Tax Tools on the left-hand side of the screen.
A drop-down will appear. Select Tools
On the pop-up screen, click on “Share my file with agent.”
This will generate a message that a diagnostic file gets sanitized and transmitted to us.
Please provide the Token Number that was generated in the response.
TurboTax Desktop/Download Versions:
Open your return.
Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us.
Please provide the Token Number (including the dash) that was generated in the response.
*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)
yesterday
I tred to report sale of a rental property.. I got this message.... Depreciation and Amortization will be ready by February, but likely sooner"... I have called and asked about this 6 times. I get a ...
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I tred to report sale of a rental property.. I got this message.... Depreciation and Amortization will be ready by February, but likely sooner"... I have called and asked about this 6 times. I get a different answer from customer support every time. Half the people have no idea what I am talking about. The other half says "please be patient". Well today I fold a great deal on Amazon. I bought H&R Block premium for $42. It includes federal and state. I have been suffering with Turbotax for 15 years. Today I am finished. It's H&R Block from now on. BTW Trustpilot gives Turbotax a rating of 1.2 stars. I guess we know why.
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yesterday
This is currently being addressed by the development team. Once a link to sign up for updates is available, the information will be shared here.
yesterday
Yes, you enter the taxable amount listed in box 2b on your 1099-R when you make an entry. The tax withheld is federal tax withholding and must be entered into box 4 in your 1099-R entry.
Where ...
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Yes, you enter the taxable amount listed in box 2b on your 1099-R when you make an entry. The tax withheld is federal tax withholding and must be entered into box 4 in your 1099-R entry.
Where do I enter my 1099-R?
yesterday
saw the same thing after the update too. if you scroll back it and look at what TurboTax shared they are saying Feb 13th... sigh.
yesterday
Hello! Are you using TurboTax Desktop or Online? I'd like to get more information if you're willing. Reply below and I'll be happy to research this. Thanks!
yesterday
When Merrill says 'forms are available for downloading' they most likely mean that you can download the 1099's from your account to your computer.
The forms for 'importing' are differently code...
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When Merrill says 'forms are available for downloading' they most likely mean that you can download the 1099's from your account to your computer.
The forms for 'importing' are differently coded, and many brokers don't have those ready yet. If Merrill is not on the program's import list, that may apply to them.
Remember that the IRS already has a copy of all your 1099's, so using the Summary Method to report totals on your tax return is perfectly acceptable.
@jeffecohen
yesterday
I am experiencing the same issue.