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a week ago
1 Cheer
OMG! Thank you JLtoday and justTaxes! You solved it! I only had 2 Windows 11 updates that hadn't been installed. They were optional and were driver updates (Intel - net and Intel Corporation -...
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OMG! Thank you JLtoday and justTaxes! You solved it! I only had 2 Windows 11 updates that hadn't been installed. They were optional and were driver updates (Intel - net and Intel Corporation - Bluetooth). Once I installed the 2 driver updates I went back into TurboTax and tried to e-File my Federal return and state return. They both finally went through! The TurboTax phone support representative I talked to last week couldn't figure out how to solve this issue even after 66 minutes on the phone. JLtoday / justTaxesguys, you guys rock!
a week ago
I missed prior years depreciation on our rental property. Should I enter "0" or leave the auto calculated amount for Total depreciation claimed in previous years? Using turbo tax desktop version. I'm...
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I missed prior years depreciation on our rental property. Should I enter "0" or leave the auto calculated amount for Total depreciation claimed in previous years? Using turbo tax desktop version. I'm filing 3115 for missed depreciation in prior years. Please advice if you have any experience of filling this section. Also, if there are any sections to double check, please let us know. Thank you! Appreciate your response.
a week ago
1 Cheer
Can you contact the partnership to find out why the k-1 was not marked final. You marking it as final would allow the passive loss which might be improper if there is a valid reason for not marking i...
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Can you contact the partnership to find out why the k-1 was not marked final. You marking it as final would allow the passive loss which might be improper if there is a valid reason for not marking it final. Thus without more info I would not indicate this is final. your actual cost basis is now zero since the $25K loss reduces your $25K cost to zero.
a week ago
is this a Canadian corporation? then you'll need advice of a Canadian lawyer. This is an US income tax forum. valuation is beyond the scope of this forum. If a US corporation, properly dissolving it ...
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is this a Canadian corporation? then you'll need advice of a Canadian lawyer. This is an US income tax forum. valuation is beyond the scope of this forum. If a US corporation, properly dissolving it is a matter of state law of the state incorporation. from an income tax standpoint there is no requirement to zero out the ending balance. simply indicate the return as final.
a week ago
1 Cheer
@gavrielsullivan asked: "what line on my 1040 is considered net income?" There is not a specific line on the Form 1040 labelled "net income." It is actually derived from a combination of mult...
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@gavrielsullivan asked: "what line on my 1040 is considered net income?" There is not a specific line on the Form 1040 labelled "net income." It is actually derived from a combination of multiple lines. See if the following articles are helpful in understanding the concept of "net income." TurboTax Tax Tip: What's the difference between gross income and net income? https://turbotax.intuit.com/tax-tips/irs-tax-return/whats-the-difference-between-gross-income-vs-net-income/c2nq4O4ct And Accounting Insights: Where is net income on the 1040 Form? https://accountinginsights.org/where-is-net-income-on-the-1040-form/
a week ago
What does it say you cannot "apply" for? This is the user forum for TurboTax. If you are trying to get help for using Credit Karma:
https://ttlc.intuit.com/community/intuit-account/help/is...
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What does it say you cannot "apply" for? This is the user forum for TurboTax. If you are trying to get help for using Credit Karma:
https://ttlc.intuit.com/community/intuit-account/help/is-credit-karma-a-part-of-turbotax/00/2092900
https://support.creditkarma.com/s/
a week ago
There is no extra fee to amend your tax return unless the change you are making requires you to use a higher version of the software than the version you used for the original return; in that situat...
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There is no extra fee to amend your tax return unless the change you are making requires you to use a higher version of the software than the version you used for the original return; in that situation you would be charged just the difference between the original software fees and the higher version fee. The only way to amend a 2021 return is to use the downloaded desktop software, which is what has been provided to you.
a week ago
Line 9 is your total income.
a week ago
Greetings,
I downloaded the 2021 Desktop version to Amend the tax return. and I was not charged any fees for the license/ download., should I have been charged a fee or is it normal to be free, or was...
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Greetings,
I downloaded the 2021 Desktop version to Amend the tax return. and I was not charged any fees for the license/ download., should I have been charged a fee or is it normal to be free, or was it included in what I paid back in 2022 for the Online 2021 tax return? Also, I originally filed it with the Online version. I have been reading the EULA for the Desktop version but it says: Under, Discontinuation of Policy and Software support it says: shall not be supported beyond October 15, 2024. If I use the Desktop version which is the only option it gives me to Amend the 2021 year, will it allow me to Properly Amend the 2021 Tax return or not?
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a week ago
Hi, I live in NJ and work in NY (Hybrid) , I wasn't given a w4 form to fill out for NJ how do I account for and ensure I pay anything I owe in NJ taxes when I file? The only taxes being taken out ...
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Hi, I live in NJ and work in NY (Hybrid) , I wasn't given a w4 form to fill out for NJ how do I account for and ensure I pay anything I owe in NJ taxes when I file? The only taxes being taken out right now are for NY.
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a week ago
a week ago
Also, they want to charge me $150 instead of $50, and they didn't even connect my old tax information.
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a week ago
How to install and Activate the Desktop Download program with a License Code How to install TurboTax CD/Download software with license code
a week ago
You have added on to an old post. What are you trying to do? Sorry no one can call you. How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/0...
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You have added on to an old post. What are you trying to do? Sorry no one can call you. How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991
a week ago
You need to call me first thing in the morning cause I can’t get this to work. I’m getting frustrated if I can’t and you can see it and I can’t why can’t you load the thing for me like I’m telling yo...
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You need to call me first thing in the morning cause I can’t get this to work. I’m getting frustrated if I can’t and you can see it and I can’t why can’t you load the thing for me like I’m telling you before you don’t do this, I will be contacting my lawyer to file a class action suit against you
a week ago
I had my taxes done in February accepted as well and verified in March but stuck on code 570 but haven't received no letter no nothing and all the IRS can say they pick random taxes to review how lon...
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I had my taxes done in February accepted as well and verified in March but stuck on code 570 but haven't received no letter no nothing and all the IRS can say they pick random taxes to review how long can they hold taxes if you don't get an notice.
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a week ago
I received a K-1 for a passive investment (Llp limited partner). The “Partner’s Capital Account Analysis” section shows the $25k investment and the $25k loss, but it’s not marked as the final K-1. I...
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I received a K-1 for a passive investment (Llp limited partner). The “Partner’s Capital Account Analysis” section shows the $25k investment and the $25k loss, but it’s not marked as the final K-1. It was for a Broadway show that closed last year. Do I/can I check the box in TirboTax saying that the entity ended in 2024 and then list my cost basis and check that my investment was liquidated for $0, or do I just let it go on as of the show is still running? Trying to avoid a huge qualified business income carry forward that I likely wont be able to use up in my lifetime! my primary income is from retirement 1099 and wages.
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