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Friday
No, it has to be reported in the tax year it was paid. But you can amend the previous return.
Friday
Are you using online or desktop?
Friday
@Mike9241 wrote: ...don't know how much data from TutbiTax will actually transfer to H&R I think a lot and you'd be surprised at how much. From names, status, SSNs, to W-2s to imported broker...
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@Mike9241 wrote: ...don't know how much data from TutbiTax will actually transfer to H&R I think a lot and you'd be surprised at how much. From names, status, SSNs, to W-2s to imported brokerage/bank info to assets and depreciation. It's all there. Not 100% sure re carryforwards so caveat emptor.
Friday
If you are filing a joint return, both your wife's and your tax information are entered on ONE return. All info needs to be entered; otherwise, it will either be rejected or, at a later date, you'll ...
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If you are filing a joint return, both your wife's and your tax information are entered on ONE return. All info needs to be entered; otherwise, it will either be rejected or, at a later date, you'll find you'll have to amend. If income was left off, there is the possibility of penalties and interest, besides the additional taxes. The IRS does not officially open e-filing until 1/26. so thereis no rush at this point. Submitting it now, it would sit on a TurboTax computer until the IRS opens e-filing.
Friday
@Mike9241 wrote: Kind of doubt that H&R could import an encrypted file. No, of course it couldn't. Of course, neither could TurboTax is you encrypted your own .taxXXXX file. The file would hav...
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@Mike9241 wrote: Kind of doubt that H&R could import an encrypted file. No, of course it couldn't. Of course, neither could TurboTax is you encrypted your own .taxXXXX file. The file would have to be unencrypted first.
Friday
seniors should get an extra 2000 added onto the base + another 6000 bonus deduction.
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Friday
When doing my taxes using turbo tax free I was alerted that my employer took out to much for my Social Security Tax withholding and was instructed that I had to notify my employer that I needed ...
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When doing my taxes using turbo tax free I was alerted that my employer took out to much for my Social Security Tax withholding and was instructed that I had to notify my employer that I needed a W2 correction and a refund of the overpayment. I emailed my employer explaining the issue to him in full detail breaking all down for him explaining what he took out, what I was told should have been taken out, and the amount of the overpayment. Now he wants to know how they came up with thier calculation that I paid in to much . Saying that he won't issue a corrected W2 or a refund until he gets this information, the IRS won't issue a refund of my Federal Taxes once they start issuing refunds until they get this W2 correction. So what do I do.
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Friday
To encrypt your TurboTax file, follow these steps:
Open Your Tax Return: Launch TurboTax and open the tax return you want to encrypt.
Access the File Menu: Click on the File menu located at the...
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To encrypt your TurboTax file, follow these steps:
Open Your Tax Return: Launch TurboTax and open the tax return you want to encrypt.
Access the File Menu: Click on the File menu located at the upper left of the screen.
Select Password Option: Choose Password (on Mac, select Encrypt).
Enter Password: Fill out the required information in the pop-up window, including your desired password.
Add Password: Click on Add Password to finalize the encryption process.
Kind of doubt that H&R could import an encrypted file. That sort of defeats the purpose of encryption. don't know how much data from TutbiTax will actually transfer to H&R
Friday
Thanks! I now get it.... The primary purpose of the worksheet is to calculate the tax on your qualified dividends and capital gain income, that can differ from the tax on your other "ordinary "...
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Thanks! I now get it.... The primary purpose of the worksheet is to calculate the tax on your qualified dividends and capital gain income, that can differ from the tax on your other "ordinary " income. Qualified dividends are treated as capital gain income and taxed accordingly. Capital gains are typically taxed as 0, 15 or 20%, which differs from your ordinary income. The worksheet shows you how that portion of your tax is calculated along with the rest of your income tax.
Friday
When I go into the wages and want to enter my 1099 Nec income for my small business it takes me to expenses first. I want to enter all of my 1099 income first
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Friday
Q. I did have medical deductions. Can I assign that to my husband and be okay?
A. Probably.
There is no hard and fast rule on how you allocate the amounts between the spouses.
· ...
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Q. I did have medical deductions. Can I assign that to my husband and be okay?
A. Probably.
There is no hard and fast rule on how you allocate the amounts between the spouses.
· If it's clear who paid it, e.g. it was deducted from one spouse's pay, allocate it all to him
· You can split it 50-50.
· You can put it all to the higher earning spouse.
· I proportion mine by percentage of income, e.g. if the wife earns 40% of the income, allocate 40% of the adjustment to her.
Friday
1 Cheer
HRB can import TT files and the files don't need to be decrypted (unless you happened to encrypt the TT file).
Friday
1 Cheer
I am seeing that H&R needs an unencrypted 2024 TT file to transfer TT to H &R app. How do I save TT as unencrypted file?