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2 weeks ago
We had a rental the remained unrented in all of 2024. It had been a rental in the prior 10+ years We did not attempt to rent the property in any of 2024 After significant expenses in both 2024 and ...
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We had a rental the remained unrented in all of 2024. It had been a rental in the prior 10+ years We did not attempt to rent the property in any of 2024 After significant expenses in both 2024 and 2025 the property sold My understanding is all those expenses should now be used to adjust our basis? By default, the 2024 TurboTax return wants to take depreciation for that year. I think I should not be taking that depreciation? How to I report all of this in my 2024 return? If I convert my property on 2024 to personal use in TurboTax will it still have all my information about depreciation for the 2025 sale?
2 weeks ago
I used the second state for another partnership but dont want in this file! Please help!
2 weeks ago
No. Those are not income taxes, they are classified as employment taxes, and the amount of those taxes has nothing to do with your income tax.
2 weeks ago
Algún número para turbo tax que no sea gratis?
2 weeks ago
You can't "fix" this except by printing your correct return, signing it, and mailing it in. The IRS will process your return and pay your refund, and then address any conflicts.
If you did fi...
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You can't "fix" this except by printing your correct return, signing it, and mailing it in. The IRS will process your return and pay your refund, and then address any conflicts.
If you did figure out which dependent was the problem, and remove them so you can e-file, you may get much less money, and then it would take 6-8 months to get an amended return with the correct info.
If you claimed the correct dependents based on the rules, file by mail. If you think your child might be a victim of identity theft, you can get an IP PIN for them that will block anyone else from claiming them in the future.
https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin
2 weeks ago
You have to have purchased the vehicle for the credit.
2 weeks ago
Sorry, Online is only for 2024 now. Online for 2023 and prior is closed now so you can not start a new 2023 or prior return or finish one. You have to do each year separately How to prepare a prio...
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Sorry, Online is only for 2024 now. Online for 2023 and prior is closed now so you can not start a new 2023 or prior return or finish one. You have to do each year separately How to prepare a prior year return https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-prepare-a-prior-year-tax-return/00/25984 To do a prior year return you have to buy the Desktop program here, https://turbotax.intuit.com/personal-taxes/past-years-products You will need a full Windows or Mac to install it on. How to finish a return you started online https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-finish-a-prior-year-return-that-i-started-in-turbotax-online/01/26322 If you have a simple return and want to file for free you can fill out the forms by hand. Here are some basic forms….. Here is the IRS 2023 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2023.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2023.pdf And 2023 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2023.pdf 2023 Tax and EIC Tables https://www.irs.gov/pub/irs-prior/i1040tt--2023.pdf Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2023.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2023.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2023.pdf Then when you do file 2024 enter 0 for the 2023 AGI since you are filing 2023 late. You have to print and mail prior year returns. When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS received the return. Don’t forget state.
2 weeks ago
First be sure to save your original return with another name so the amended return doesn't overwrite it and you can start over if it gets messed up. Go up to File-Save As and give it another name li...
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First be sure to save your original return with another name so the amended return doesn't overwrite it and you can start over if it gets messed up. Go up to File-Save As and give it another name like add Original or FINAL to it. If you don't see a button for Need to Amend a Filed Return? on your home screen then you can get to it here. Go to: Personal (for H&B) Other Tax Situations last section, Other Tax Forms Amend A Return - Click the Start or Update button
2 weeks ago
Can i still file my 2023 taxes with TUrbo tax
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2 weeks ago
How do I navigate to preparing 1040-X in the desktop version of TT 2024 Home & Business?
2 weeks ago
Yes that would work. You can just cross out the amount on the 1040ES and write in a new amount or pay the IRS directly online.
2 weeks ago
I have read the different posts on this and still am not clear on what to with estimated tax payments to avoid a penalty in 2025. I am making the 4 regular and equal 2025 payments based on the 100% r...
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I have read the different posts on this and still am not clear on what to with estimated tax payments to avoid a penalty in 2025. I am making the 4 regular and equal 2025 payments based on the 100% rule for last year's - 2024 taxes. At the end of August I will receive the proceeds and capital gains on the sale of a rental property. So my question is should I boost my September 15th estimated tax payment to reflect the estimated incremental taxes of about $20K on this gain?
2 weeks ago
Understanding your IRS CP501 letter https://www.irs.gov/individuals/understanding-your-cp501-notice Did the IRS say what they changed on your Schedule A to make it less than the Standard Deducti...
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Understanding your IRS CP501 letter https://www.irs.gov/individuals/understanding-your-cp501-notice Did the IRS say what they changed on your Schedule A to make it less than the Standard Deduction? I would check your IRS online account or call them to find out what they changed. I guess to amend you would first have to amend to match the IRS. Like take out some deductions or say you want to take the Standard Deduction. Or just change your original return to match the IRS. Be careful not to file this new return. Don't efile it. Say you want to mail it, since you mailed the original return. BUT first be sure to save a copy of your original return pdf file and .tax2024 file. THEN you can amend to add the schedule A back in.
2 weeks ago
The vehicle would fall under the 24 tax year, however, not sure of all the intangibles.
2 weeks ago
I filed paper copy. My original TT file has schedule A. IRS used CP501 to apply standard deduction in place of itemized deduction and accepted that return charging more taxes. They basically ignored t...
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I filed paper copy. My original TT file has schedule A. IRS used CP501 to apply standard deduction in place of itemized deduction and accepted that return charging more taxes. They basically ignored that a schedule A was sent in.
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2 weeks ago
To complete and file a 2023 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2023 desktop editions from this website - https://turbotax.int...
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To complete and file a 2023 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2023 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/
A 2023 tax return can only be printed and mailed, it cannot be e-filed using TurboTax.
2 weeks ago
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2 weeks ago
Check your online account with the IRS to see what it says about the stimulus check. Those checks were sent out for 2021, or you could seek the stimulus amount by using the recovery rebate credit o...
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Check your online account with the IRS to see what it says about the stimulus check. Those checks were sent out for 2021, or you could seek the stimulus amount by using the recovery rebate credit on a 2021 return. If you did not receive it, and did not use the recovery rebate credit on a 2021 return, it is --sadly -- too late now.
https://www.irs.gov/payments/your-online-account
2 weeks ago
https://academy.intuit.com/programs?domain=taxAndBookkeeping