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2 weeks ago
It depends on the details. The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return.
However, receipt of a 1098-T frequently means the st...
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It depends on the details. The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return.
However, receipt of a 1098-T frequently means the student's parent (and sometimes the student) is eligible for a tuition credit or possibly the student has taxable scholarship income.
The 1098-T is usually reported on the parent's (not the student's) tax return.
There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit.
You cannot claim the (up to) $1000 refundable credit if you are, or can be, claimed as a dependent by someone else.
If some of your scholarship is taxable, the 1098-T may have to be reported on your return, either in addition to the parent's or instead of.
2 weeks ago
If in the desktop version, go to View, then Forms, then click the "Charity Contrib" form. That form shows charitable contribution carryovers for the past five years. TurboTax should apply carryovers ...
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If in the desktop version, go to View, then Forms, then click the "Charity Contrib" form. That form shows charitable contribution carryovers for the past five years. TurboTax should apply carryovers as allowed until they expire after five years if unused.
2 weeks ago
Well the Online version doesn't open until Dec 17, 2025. You can buy the Desktop program now and enter amounts into that. The Desktop program can do multiple returns so you can test, etc. You c...
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Well the Online version doesn't open until Dec 17, 2025. You can buy the Desktop program now and enter amounts into that. The Desktop program can do multiple returns so you can test, etc. You can buy the Desktop Download program here or in stores or online like Amazon, Costco, etc. https://turbotax.intuit.com/personal-taxes/cd-download You need a full Windows 11 or Mac OS 13 14 Sonoma computer to install it.
2 weeks ago
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2 weeks ago
The desktop programs came out today Nov 6 (Nov 4 if you have the Advantage membership). If you bought the License Code have you tried to download and install it here? How to get started with th...
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The desktop programs came out today Nov 6 (Nov 4 if you have the Advantage membership). If you bought the License Code have you tried to download and install it here? How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US?uid=luqgvzrd
2 weeks ago
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2 weeks ago
Everytime I hit download it freezes
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2 weeks ago
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2 weeks ago
I have the form that was missing for my tax return in 2024
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2 weeks ago
Every year I include my student loan interest paid on my 1098-E form. This year I forgot to add that to my return. Would I get a bit more of a refund if I include my 1098-E loan interest paid?
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2 weeks ago
1 Cheer
The new tax law increased the limit for state and local taxes to $40,000. The text on the form may not have been updated yet. It should say "Enter the smaller of line 5d or $40,000 ($20,000 if marrie...
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The new tax law increased the limit for state and local taxes to $40,000. The text on the form may not have been updated yet. It should say "Enter the smaller of line 5d or $40,000 ($20,000 if married filing separately)." The IRS has not yet published the final Schedule A form for 2025.
2 weeks ago
2025 Premier Schedule A Line 5e does not return a $10,000 value; when Line 5d is greater than$10000. It returns the larger than $10,000 value. the logic limitation statement does not appear to be wor...
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2025 Premier Schedule A Line 5e does not return a $10,000 value; when Line 5d is greater than$10000. It returns the larger than $10,000 value. the logic limitation statement does not appear to be working according to the forms text. What is the correct answer?
2 weeks ago
1 Cheer
... And should you decline the generous "$0 upgrade to Online" offer, here's your final warning:
2 weeks ago
The in-place upgrade of my Windows 10 IoT Enterprise LTSC 2021 virtual machine to Windows 11 IoT Enterprise LTSC 2024 was successful, with no issues noted (except that Windows 11 is a pig :@) It ...
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The in-place upgrade of my Windows 10 IoT Enterprise LTSC 2021 virtual machine to Windows 11 IoT Enterprise LTSC 2024 was successful, with no issues noted (except that Windows 11 is a pig :@) It turns out that this virtual machine did not have a virtual TPM chip enabled in the virtual hardware. But TurboTax for TY2025 installed just fine, and activated without a hitch. So there should be no need for a TPM chip on a physical PC -- at least as far as TurboTax 2025 is concerned. See screenshot below after TurboTax was activated (this is Home & Business edition). Again, it's obvious they really want to move us off the Desktop product ASAP. Also @VolvoGirl this answers your question as to whether or not migration to the Online product requires any further payment. Apparently that's not required (for now at least). However, per the dialog "TurboTax Online is available starting December 17, 2025". Also note all this extra fine print: *Includes one federal and state return. Additional fees apply for more returns, upgrades, and add-ons. File by April 16, 2026. $10 Retail Club credit and TurboTax Advantage benefits such as Audit Defense, do not transfer to TurboTax Online.
2 weeks ago
Is 2025 turbo tax download available or is system down
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2 weeks ago
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2 weeks ago
1 Cheer
Hi, Thank you for your reply. I received several emails from Intuit inviting me to register for this training. You're right, I tried to access it from Canada. If this training is intended for U.S...
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Hi, Thank you for your reply. I received several emails from Intuit inviting me to register for this training. You're right, I tried to access it from Canada. If this training is intended for U.S. citizens, I was wondering why we received these emails.
2 weeks ago
The shutters, if they qualify at all, must be installed and paid for by December 31, 2025 in order to claim the credit.
You have to enter the "Qualified Manufacturer Identification Number" (QMID)...
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The shutters, if they qualify at all, must be installed and paid for by December 31, 2025 in order to claim the credit.
You have to enter the "Qualified Manufacturer Identification Number" (QMID) of the shutters on your tax return in order to claim the credit. That's what Opus 17 referred to as a PIN. You have to get that number from the manufacturer or the seller. If you don't have the QMID you don't get the credit.
I also want to emphasize something that Opus 17 said above. The credit would apply only to the cost of the shutters themselves, not the cost of labor to install them, so you need a receipt that breaks down the cost.
2 weeks ago
1 Cheer
@Bsch4477 wrote:
Interior shutters would not qualify but exterior shutters meeting the requirements will. You must get a Manufacturer's Certification Statement for the specific product you purch...
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@Bsch4477 wrote:
Interior shutters would not qualify but exterior shutters meeting the requirements will. You must get a Manufacturer's Certification Statement for the specific product you purchase. This documentation is required for your tax records and substantiates that the product meets all applicable requirements for the tax credit.
Exterior windows are eligible. (I don't know of too many houses that have interior windows.)
Shutters are not windows. They would only qualify if they are "a system designed primarily and specifically to reduce heat gain or loss". And if they are such a system (I have doubts) then it doesn't matter if they are interior or exterior.
And if you want to call it a "window" for purposes of the credit, remember that in 2025 you must include the manufacturer's PIN code for the window, it's a new requirement.