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yesterday
yesterday
how do you access partII of the K1's
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yesterday
I have updated the 2024 Software version and it is still generating 1040X (Rev. February 2024). IRS site has Rev. December 2025). https://www.irs.gov/pub/irs-pdf/f1040x.pdf
yesterday
Please use the link below to contact us regarding your questions.
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@CINDYMEICHIU1
yesterday
just to clairfy: the last paragraph should read 6K basis portion of the 529 w/d, not 5K basis portion. (5K was the 1098-T tuition).
yesterday
To transfer last year’s return into your 2025 TurboTax return, sign in and start your 2025 return. TurboTax will automatically prompt you to transfer your 2024 data if it’s in the same account (email...
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To transfer last year’s return into your 2025 TurboTax return, sign in and start your 2025 return. TurboTax will automatically prompt you to transfer your 2024 data if it’s in the same account (email address).
yesterday
The IRS is blaming TurboTax for a shortage in my refund too
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yesterday
I have a tax return done in TurboTax 2024. Under "Interest and Dividends," it shows a 1099-INT value of $548 and a 1099-DIV value of $5792 for tax year 2024. Importing that return into TurboTax 2025...
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I have a tax return done in TurboTax 2024. Under "Interest and Dividends," it shows a 1099-INT value of $548 and a 1099-DIV value of $5792 for tax year 2024. Importing that return into TurboTax 2025, in the 2024 comparison column, it shows 1099-INT of $2116 and a 1099-DIV value of $4224 for tax year 2024. Why don't those numbers match? TurboTax 2025 seems to have altered the imported values.
yesterday
The flexible ducting was old and had been chewed through by animals that had entered the crawl space. I understand that only the cost of the metal ducting itself would be deductible.
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yesterday
My son is NOT my dependent and NOT a qualifying relative (due to his age/income and not being a FT student). He was a half-time student his final spring semester and he got a 1098-T for $5,000. Thi...
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My son is NOT my dependent and NOT a qualifying relative (due to his age/income and not being a FT student). He was a half-time student his final spring semester and he got a 1098-T for $5,000. This is the first year he has not been my dependent so there are new wrinkles. I took a 529 w/d for the exact amount of his tuition plus qualified educ expenses that I paid ($13,000), so the full 529 w/d is non-taxable to me. The basis portion (non-taxable because it is not earnings) of the w/d was $6,000. (He is the beneficiary of the 529. He has no scholarships.) Can he take the American Opportunity Tax Credit (AOTC), (subject to the $4k limit and any other adjustments made by TT based on his income etc) ? I am thinking because the $5k Basis portion of the 529 withdrawal is greater than his $4k AOTC limit, his AOTC eligibility should not be hindered by the 529 w/d on my return? (Since there is no "double dipping", correct? Meaning, I received no tax reduction on the $5K basis portion.)
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yesterday
Thank you! I am using a Desktop version of TT. I was under the illusion that capital income losses carry over indefinitely, till it is used up. Cheers, JJ
yesterday
This 100% is a bug with the desktop app - I am running into it too. I verified with the linked PDF of districts and numbers, and it hasnt changed in the last 8 years I've been filing but it wont acce...
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This 100% is a bug with the desktop app - I am running into it too. I verified with the linked PDF of districts and numbers, and it hasnt changed in the last 8 years I've been filing but it wont accept the number nor will it take any variation of the Village name.
yesterday
1 Cheer
Unfortunately, when we open the token on our desktop program, everything is great. You have gone above and beyond with this level or work, different devices, different browsers - I hope. Chrome, Fire...
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Unfortunately, when we open the token on our desktop program, everything is great. You have gone above and beyond with this level or work, different devices, different browsers - I hope. Chrome, Firefox, etc. Internet explorer and the program don't always get along.
Since you have done everything in the online version, that just leaves changing to desktop. It is quick and easy. You pick up right where you left off. No having to enter anything a second time. Just add your mortgage interest.
See how to switch to desktop. On the desktop, you can enter the interest in the interview screen. If your program has some bug in that spot, you can switch to Forms mode and enter the qualified mortgage interest.
yesterday
Did you have a Capital Loss Carryover from 2024? Or should have a loss carrying over to 2026? Why do you think it’s wrong? You get to first offset the loss against any gains you have each year...
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Did you have a Capital Loss Carryover from 2024? Or should have a loss carrying over to 2026? Why do you think it’s wrong? You get to first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if you still have a loss, you can take a max loss of 3,000 (1,500 MFS) per year on your tax return. Turbo Tax does all the calculations for you. Just enter the full prior year carryover amount. On the income page The 2025 column shows the carryover to 2026 (not your current loss for 2025). Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year. There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year. In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see Schedule D and the Capital Loss Carry Over and Carry Forward worksheets. In the Desktop program you can go to Forms and find it in the list in the left column. If you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.
yesterday
This is not an issue that can be resolved by TurboTax as it comes from IRS directions, and it applies only in those situations where there is tax withholding, not all returns with excluded foreign in...
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This is not an issue that can be resolved by TurboTax as it comes from IRS directions, and it applies only in those situations where there is tax withholding, not all returns with excluded foreign income. Please try the $1 capital gains workaround provided in the other thread. Many others have reported success with this method. The issue described in this four year old thread, an all-zero return, is not new and can be resolved with the $1 interest - but it's not the same issue that you are experiencing. (This issue still exists as well and is also an IRS rule violation.) The issue you are experiencing requires a different workaround, described in the other thread. You may wish to ask your employer to stop or lower withholding if you expect to exclude income in the future, as we can't guarantee that this will not be a problem in the future and I know it can be a hassle to mail in a tax return from abroad.
yesterday
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yesterday
We inherited a home and made improvements prior to selling. How do I add the costs of the improvements to adjust the cost basis?
yesterday
As mentioned above, that TurboTax page is supposed to be asking to verify Michael's age as of January 1, 2027. 67 is the correct age.
yesterday
(I also, at 66, seem to be suffering some cognitive difficulty as well so that certainly doesn't help).
I have no choice but to pay you, and I haven't even worked in three years - but I sold a jointl...
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(I also, at 66, seem to be suffering some cognitive difficulty as well so that certainly doesn't help).
I have no choice but to pay you, and I haven't even worked in three years - but I sold a jointly held property back in the fall (OCT 2025) and therefore have some "dividend" or "savings" interest to declare. Please help me - I can NOT physically or psychologically afford to risk prison.
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yesterday
Beautiful answer RogerD1 - Thank you so much for your response and this succinct clarification. I appreciate your prompt reply very much. I can complete Form 8606 with more confidence now, and adjus...
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Beautiful answer RogerD1 - Thank you so much for your response and this succinct clarification. I appreciate your prompt reply very much. I can complete Form 8606 with more confidence now, and adjust the 1099-Rs entries to show the Taxable amount calculated from the form now.