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Friday
Thanks. I will try later on this month.
Friday
You can deduct the cost of materials used for the rental unit. Your sweat equity has no value. You can deduct the drywall and paint and labor others did for the jobs.
Friday
Attempted multiple times to sign up for email notification when the 1099R section is available. TurboTax keeps incorrectly entering Form 3903, Moving Expenses, as the related form for notification. H...
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Attempted multiple times to sign up for email notification when the 1099R section is available. TurboTax keeps incorrectly entering Form 3903, Moving Expenses, as the related form for notification. How do I sign up for email notification that the 1099R section is available for input?
Friday
Technically you should report the research study activity separately as it appears to not be related to the speaking and writing activities. It should not matter overall though, as the net income fro...
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Technically you should report the research study activity separately as it appears to not be related to the speaking and writing activities. It should not matter overall though, as the net income from both activities will be combined to determine the income to be taxed, even if either one or both of them reports a loss.
Friday
1 Cheer
The sale of a personal residence is often not taxable, if you lived in the home 2 out 5 years and have less than $250,000 in capital gains per person. If you do not meet the rules or had more capital...
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The sale of a personal residence is often not taxable, if you lived in the home 2 out 5 years and have less than $250,000 in capital gains per person. If you do not meet the rules or had more capital gains, it should be showing the income on Sch D.
There are exceptions for special circumstances as well such as military, health issues, etc that allow a proration.
Form 8949 is active and working and carries to capital gains on sch D.
I am glad you got through the rental. We are glad to help!
Friday
@sallydolan60 That doesn't sound like legitimate TurboTax Support. TurboTax does not charge a fee to help callers like that. Did you give them your credit card number or even worse, a debit card...
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@sallydolan60 That doesn't sound like legitimate TurboTax Support. TurboTax does not charge a fee to help callers like that. Did you give them your credit card number or even worse, a debit card number? Here's a way to reach legitimate TurboTax Support so you can discuss it with them: https://ttlc.intuit.com/turbotax-support/en-us/contact/ When you talk to them, tell them about the suspicious phone or site and your security concerns.
Friday
You need to choose "Other (not classified)" as the category and type in "Overtime" in the description box. On a later screen you will see "Let's check for uncommon situations" where you need to check...
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You need to choose "Other (not classified)" as the category and type in "Overtime" in the description box. On a later screen you will see "Let's check for uncommon situations" where you need to check the "Overtime" box. You will then be asked to enter your overtime compensation and answer a few questions.
Friday
Just need to restart
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Friday
Also, then they asked to ‘share screens’ in other words, take over your computer.. this is not what I was willing to allow.. the last time I mistakenly allowed someone to take over my computer, they h...
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Also, then they asked to ‘share screens’ in other words, take over your computer.. this is not what I was willing to allow.. the last time I mistakenly allowed someone to take over my computer, they had tried to steal $40,000. Can Intuit be trusted? I have been a loyal customer for over 10 yrs, now frightened that someone else has my information.. please help !
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Friday
If you need a copy of prior year w2, you can:
ask your employer for a copy
check your tax records (you should be keeping all w2s)
use IRS, Get transcript to view your information return do...
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If you need a copy of prior year w2, you can:
ask your employer for a copy
check your tax records (you should be keeping all w2s)
use IRS, Get transcript to view your information return documents
Friday
Are you planning to claim the Child and Dependent Care Credit? Keep in mind that this credit is only for money paid for child care for children under the age of 13.
The $4000 paid to your pare...
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Are you planning to claim the Child and Dependent Care Credit? Keep in mind that this credit is only for money paid for child care for children under the age of 13.
The $4000 paid to your parents does count as their income and should be reported using the instructions provided by @DianeW777 above.
It's unclear as to the source of the $4000. If you paid the $4000, then you could claim the Child and Dependent Care Credit on your taxes assuming you meet the requirements.
The IRS provides an interactive tool at the following website to determine your eligibility to claim the Child and Dependent Care Credit - IRS Child and Dependent Care Credit .
Friday
1 Cheer
Thank you very much. The state income tax will not be impacted because box 3 is for interest on US Treasuries, so I think I only need to file Federal. I welcome any feedback and thank you again for t...
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Thank you very much. The state income tax will not be impacted because box 3 is for interest on US Treasuries, so I think I only need to file Federal. I welcome any feedback and thank you again for taking the time to answer my post. Best!
Friday
1 Cheer
If the income difference changes your federal tax liability by $25 or more, you will need to file an amended return with the IRS. If the difference causes any change is state tax, you will need to fi...
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If the income difference changes your federal tax liability by $25 or more, you will need to file an amended return with the IRS. If the difference causes any change is state tax, you will need to file an amended state return.
See How do I submit a claim under the TurboTax 100% Accurate Calculation Guarantee or 100% Accurate, Expert Approved Guarantee?
Use the form to submit your claim. Answer the questions as best as you can and we’ll figure out which guarantee you’re covered by.
TurboTax won't pay taxes you already owe but you can file a claim for penalties and interest. Although, it is your responsibility to verify the numbers are correct before filing.
Friday
Your main home is where you live most of the time. It doesn't have anything to do with which is newer or cost more.
It also doesn't really matter in this case unless there are more facts you h...
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Your main home is where you live most of the time. It doesn't have anything to do with which is newer or cost more.
It also doesn't really matter in this case unless there are more facts you haven't told us. You are allowed to deduct property taxes on all US property you own, whether it is your main home or a second home. And you can deduct mortgage interest on your main home and one second home. If you have three or more homes, you have to decide which two to deduct, but if you only owned two homes the interest on both is deductible and it probably doesn't make a difference which you designate as your main home.
Friday
Yes, I just entered the last 15 characters and proceeded. Thank you.
Friday
Thanks, Amy. Just before hearing from you, I kept trying things. I actually discovered an expense of a dollar for 2025 (an item prorated on the closing statement). So, that was legitimate (and sim...
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Thanks, Amy. Just before hearing from you, I kept trying things. I actually discovered an expense of a dollar for 2025 (an item prorated on the closing statement). So, that was legitimate (and similar to your suggestion), but I still had to manually input the information on Schedule E. Now I'm wondering about the sale of my personal residence. I've entered all the information, but the taxable amount is not showing up on the Turbo Tax summary page at the start of each session. Thanks. Carol
Friday
Thank you for the information, issue fix and way to keep our tax prep on track!
Friday
Supposedly 1/21/2026. But always subject to change in either direction.