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yesterday
If you also checked the 2024 W-2 and it is zero as well, it is likely that you did not make enough money to necessitate withholding or your W-4 needs to be updated.
Fill out an updated W-4 to i...
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If you also checked the 2024 W-2 and it is zero as well, it is likely that you did not make enough money to necessitate withholding or your W-4 needs to be updated.
Fill out an updated W-4 to increase withholding if you would like it to be withheld. The IRS offers a withholding calculator, here: Tax Withholding Estimator.
You can use the tool to help estimate how to revise your W-4 (what your payroll department or payroll service uses to withhold tax from your paycheck).
yesterday
@HCN , yep you have an issue.
(a) since you had two condos/apartments since 2022 and both rented out, did you not declare these as individual rental props.? Because for rental purposes they behav...
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@HCN , yep you have an issue.
(a) since you had two condos/apartments since 2022 and both rented out, did you not declare these as individual rental props.? Because for rental purposes they behave as individual properties while for sales purposes they may behave as one double unit.
(b) If you reported on Schedule-E for 2022,2023 and 2024 these two units as a single unit, then the only way to achieve the proper depreciation would be to start a new Schedule-E, a new asset with new depreciable value ( 50% of the depreciated basis ( i.e. original depreciable basis LESS accumulated depreciation) , acquisition date as original, rent start date as original and 50% of accumulated depreciation. This should result in a new prop. reflecting the current situation--- for depreciation.
Is there more I can do for you ?
yesterday
The IRS doesn't expect a detailed diary of your personal trips, they want to know if you kept a contemporaneous log that proves your business usage.
You must have a record of your total annual...
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The IRS doesn't expect a detailed diary of your personal trips, they want to know if you kept a contemporaneous log that proves your business usage.
You must have a record of your total annual mileage (from January 1 and December 31 odometer readings) and a specific log of business trips, which allows personal miles to be tracked by subtracting the business portion from the total.
The refund amount shifts because the tax software disqualifies the deduction if you admit to not keeping these records, as the IRS technically requires "sufficient evidence" to support the claim. To safely claim the deduction, your wife needs to be able to show her teaching schedule or a mileage log that justifies the business miles, the "personal" portion is then just the remaining balance of her total annual driving, and no line-item "date night" log is required.
yesterday
1 Cheer
IRS Form 8615 Tax for Certain Children Who Have Unearned Income, calculates the "kiddie tax" on a child's unearned income (investments, dividends, interest) exceeding $2,700 for 2025. It applies to c...
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IRS Form 8615 Tax for Certain Children Who Have Unearned Income, calculates the "kiddie tax" on a child's unearned income (investments, dividends, interest) exceeding $2,700 for 2025. It applies to children under 18, or up to 24 if they are full-time students, who did not provide half their own support. In 2025, if a student (aged 19–23) does not provide over 50% of their own support, their unearned income—which includes taxable scholarships and grants—over $2,700 is taxed at the parent's highest marginal rate.
The key to avoiding Form 8615 is showing that she provided more than half of her own support.
yesterday
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yesterday
I check the W-2 for 2024 tax return when I worked in the restaurant, there is no federal income tax withheld.
yesterday
When you enter a stock sale in TurboTax, either Desktop or Online, TurboTax gives you the choice to enter either "covered" (basis reported to the IRS) or "noncovered" (basis not reported to the IRS),...
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When you enter a stock sale in TurboTax, either Desktop or Online, TurboTax gives you the choice to enter either "covered" (basis reported to the IRS) or "noncovered" (basis not reported to the IRS), along with short-term or long-term, when you choose a Sales Section from the dropdown menu provided in the entry section for that transaction.
You can return to any sale to make changes by following these steps:
Select Investments and Savings under Income
Select Stocks, Bonds, etc. and then find the 1099-B you need to Edit.
Once you identify the 1099-B to edit, click the pencil icon at the right side of the line item for the specific transaction to edit it.
Choose the correct sales section from the drop-down menu that appears.
See this help article and this tax tips article for more information on entering stock sales in TurboTax.
yesterday
Can you clarify your question and provide what issue you are having? Thanks. @nicole-l-turner
yesterday
If in 2025 you amended your 2021 (and 2022) Federal and California Taxes and this received 1099Gs (California) in 2025 how do you find your "Payments and Withholdings" The purpose of the amendment ...
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If in 2025 you amended your 2021 (and 2022) Federal and California Taxes and this received 1099Gs (California) in 2025 how do you find your "Payments and Withholdings" The purpose of the amendment was to get a larger refund, because new deductions were identified so no *additional* payment was made in 2025 for the amendments. Are we looking for payments made in 2021 (& 2022) or in 2025? No payments were made in 2025 for 2021 (or 2022). So is the answer to "Payments and Withholdings" zero? How does TT use this field value?
yesterday
I'm not aware of this being a systemic issue. Which platform are you using? Online or desktop?
If you use the online version - check to confirm whether you logged into the same account you...
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I'm not aware of this being a systemic issue. Which platform are you using? Online or desktop?
If you use the online version - check to confirm whether you logged into the same account you used to prepare your return(s). Sometimes online users have multiple TurboTax accounts and may inadvertently log in to a different account for the same year.
If you are using a desktop version, your tax returns should be wherever you saved them, either to a computer, flash drive, cloud location, etc.
If you're using desktop TurboTax, it's possible that you may have saved multiple versions of the return and the one you opened is not the latest one. To resolve this, Use "File" > "Open" within TurboTax and navigate to the file with the most recent date modified.
See this help article for more information.
yesterday
If you have a question, go ahead and ask the forum, and someone may be able to comment.
yesterday
Topics:
yesterday
Check with the accountant that prepares the financial reports for the church. You will need to keep very good records associated with attending the conference. You normally can declare UNREIMBURSED...
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Check with the accountant that prepares the financial reports for the church. You will need to keep very good records associated with attending the conference. You normally can declare UNREIMBURSED expenses as charitable contributions. If you are only attending a session or two at the conference, this may not be 'enough' participation to qualify. If you are presenting a session or two, or are expected to attend most, if not all of the sessions and provide a comprehensive summary of the conference proceedings, that should be 'enough' participation. Refer to IRS Publication 526 for details on a conference versus a vacation and allowable expenses. I would not recommend First Class airfare and luxury lodging, fancy meals, etc. This would likely generate an audit. Be sensible and you should be okay.
yesterday
Enter the 1099R for the money you took from the retirement account in 2025 on your 2025 tax return.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social...
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Enter the 1099R for the money you took from the retirement account in 2025 on your 2025 tax return.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
yesterday
My password was less than 32, but I still changed it to a shorter password without special characters.
yesterday
Did you forget how to access your account?
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbota...
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Did you forget how to access your account?
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
yesterday
There is no physical signature on the tax form when you e-file. You will "sign" electronically by entering your 2024 AGI when prompted by the software. You have to go through all of the steps of th...
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There is no physical signature on the tax form when you e-file. You will "sign" electronically by entering your 2024 AGI when prompted by the software. You have to go through all of the steps of the FILE section to a big orange button that says "Transmit my returns now" in order to e-file.
yesterday
@user17746763481 wrote: This was extremely helpful. Thanks so much! You're welcome. Good luck.
yesterday
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
yesterday
If you need to amend, do that after your original return has been fully processed. Dependents are entered in MY INFO.
Wait until your original return has been fully processed before you amend...
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If you need to amend, do that after your original return has been fully processed. Dependents are entered in MY INFO.
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
See this TurboTax support FAQ for amending a tax return -
CURRENT YEAR
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/filing/wheres-my-amended-return