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I have the same issues with rental property depr. recapture.......I thought I knew how it's supposed to work, etc.  Counts whole gain (in the principal pay-downs) over the remaining cost basis as ca... See more...
I have the same issues with rental property depr. recapture.......I thought I knew how it's supposed to work, etc.  Counts whole gain (in the principal pay-downs) over the remaining cost basis as capital gain rather than apportioning recapture.  Moveover, I get the QBI deduction on the whole amount.  You'd think IRS would catch it, as it is clearly laid out on Form 6252......but they don't........least not these past 9 years.........Treasury Secretary "Turbo Tax" Tim Geitner avoided prosecution of non-payment of payroll taxes on house maid by claiming ignorance and reliance on Turbo Tax software, so I follow his lead.   I've entered all sales through Rental/Asset page.   Since not all assets get the same depreciation/recapture treatment, I figured I'd entered the rental building wrongly way back when purchased.......but I've been getting the 27.5-year depreciation schedule treatment, so I don't know how I could have screwed it up at square one if TT knows it's an asset subject to recapture.
If you want to know the status of your tax return,  you should use the    IRS Where's My Refund website.    You'll need Your Social Security or individual taxpayer ID number (ITIN) Yo... See more...
If you want to know the status of your tax return,  you should use the    IRS Where's My Refund website.    You'll need Your Social Security or individual taxpayer ID number (ITIN) Your filing status The exact refund amount on your return
sale of jewelry not reported on 1099B
If you rent your property to a relative and do not charge fair market rent, the IRS does not consider the property a rental.  According to the IRS, a property is considered a personal residence if th... See more...
If you rent your property to a relative and do not charge fair market rent, the IRS does not consider the property a rental.  According to the IRS, a property is considered a personal residence if the owner or certain family members use it for personal use for 14 days or 10 percent of the days it is rented out.  In addition, if the property is rented to anyone, related or unrelated, for less than fair market rate, it will be considered a personal residence.   Payments received for below-market rent are considered "Other Income." Depending on which version of TurboTax you are using.  Go to Wages & Income >> Less Common Income >> Miscellaneous/Other Income.   You can offset the income with the expenses necessary to maintain the property (report the net income).  The mortgage interest and property taxes can be deducted as Itemized Deductions if you itemize.
Start in Tax Home > Your tax returns & documents > pick the year > Amend (change) return > Amend using TurboTax Online. This loads the amend flow and its questions; if you don’t enter through here, p... See more...
Start in Tax Home > Your tax returns & documents > pick the year > Amend (change) return > Amend using TurboTax Online. This loads the amend flow and its questions; if you don’t enter through here, parts of the interview won’t appear.   If screens still look incomplete, refresh the browser or clear cache/cookies and reenter via the Amend link.
Can you clarify what a voided 1095A is? Did someone in your household have Marketplace insurance? Did you get a corrected copy after the first was voided? Who voided it? Why did they vo... See more...
Can you clarify what a voided 1095A is? Did someone in your household have Marketplace insurance? Did you get a corrected copy after the first was voided? Who voided it? Why did they void it?
I used Turbo Tax to do my Federal Taxes and checked all enters twice. Filed online after Turbo Tax checked and when I received IRS deposit to my checking account it was $3,900 short of what Turbo Tax... See more...
I used Turbo Tax to do my Federal Taxes and checked all enters twice. Filed online after Turbo Tax checked and when I received IRS deposit to my checking account it was $3,900 short of what Turbo Tax calculated.
I have the same issues with rental property depr. recapture.......I thought I knew how it's supposed to work, etc.......   Have entered Land Contract sales of rental properties going back 10 years.... See more...
I have the same issues with rental property depr. recapture.......I thought I knew how it's supposed to work, etc.......   Have entered Land Contract sales of rental properties going back 10 years.   Counts whole gain (in the principal pay-downs) over the remaining cost basis as capital gain rather than apportioning recapture.  Moveover, I get the QBI deduction on the whole amount.  You'd think IRS would catch it, as it is clearly laid out on Form 6252......but they don't........least not these past 9 years.........Treasury Secretary "Turbo Tax" Tim Geitner avoided prosecution of non-payment of payroll taxes on house maid by claiming ignorance and reliance on Turbo Tax software, so I follow his lead.   I've entered all sales through Rental/Asset page.   Since not all assets get the same depreciation/recapture treatment, I figured I'd entered the rental building wrongly way back when purchased.......but I've been getting the 27.5-year depreciation schedule treatment, so I don't know how I could have screwed it up at square one if TT knows it's an asset subject to recapture.
@Kyczy Hawk    You might need to delete the form entirely...then start from scratch...and put it in yourself manually...do not import, nor upload a picture or PDF...use the "Type it in myself" proc... See more...
@Kyczy Hawk    You might need to delete the form entirely...then start from scratch...and put it in yourself manually...do not import, nor upload a picture or PDF...use the "Type it in myself" procedure.   OK, apparently OK now
Entering correct account number and Doc ID (case sensitive, no spaces) brings me to Connection established page on my Edge browser with Security Check options to Block/Allow (neither option is active... See more...
Entering correct account number and Doc ID (case sensitive, no spaces) brings me to Connection established page on my Edge browser with Security Check options to Block/Allow (neither option is active). Stuck. Data not uploaded. Any ideas?  
Try these suggestions:   1) Leave the apartment/unit field completely blank. Don’t enter N/A, -, or 0. 2) Put the full street address on one line: start the Street Address with your house numbe... See more...
Try these suggestions:   1) Leave the apartment/unit field completely blank. Don’t enter N/A, -, or 0. 2) Put the full street address on one line: start the Street Address with your house number and street (e.g., “125 Main St”). If a unit mistakenly auto-filled, move it into the street line or delete it. 3) Make a tiny change on the Info/Address screen (add then remove a space), save, then try e-file again to refresh the transmission metadata.
UPDATE: For some reason my smart check went through the second time. Thank you all for your help
Correct, if you paid the total premiums (employers with fewer than 50 employees are not required to make contributions), you do not have to report the medical leave benefits as income.  @superlyc 
If you were approved for a TurboTax refund, it’s typically returned to your original payment method within 2–3 weeks after approval. Bank/credit card processing times can make it vary a bit.   If... See more...
If you were approved for a TurboTax refund, it’s typically returned to your original payment method within 2–3 weeks after approval. Bank/credit card processing times can make it vary a bit.   If you submitted a refund request form, you should have a reference number and can check status (If you submitted the refund request form, use the same refund page to check status with your reference number.) Purchases refunded by check can take up to 6 weeks.
A co-payment is the part that you pay out of pocket for a prescription or office visit, etc.  You can enter your out of pocket medical expenses.       MEDICAL EXPENSES The medical expense d... See more...
A co-payment is the part that you pay out of pocket for a prescription or office visit, etc.  You can enter your out of pocket medical expenses.       MEDICAL EXPENSES The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.)  expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding.  Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.   To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses       2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)    
You must have a Schedule C for each delivery service, and you will need to enter the vehicle in each business.   You will need to enter the same vehicle and the same  total annual mileage on both for... See more...
You must have a Schedule C for each delivery service, and you will need to enter the vehicle in each business.   You will need to enter the same vehicle and the same  total annual mileage on both forms.  For business miles, enter what belongs to each delivery service.     How do I claim vehicle expenses for my business or rental?
I paid contractors-electricians, painters, carpet installer-to renovate my small business office, which I lease and do not own. I am trying to write this off. According to my research, this would be ... See more...
I paid contractors-electricians, painters, carpet installer-to renovate my small business office, which I lease and do not own. I am trying to write this off. According to my research, this would be a "Leasehold Improvement", but that option doesn't exist.  I looked at similar Q&A for this and the suggestion from Turbo Tax was to add this to Depreciation of Assets>Other>Other Asset Type. This will not work because the software then wants to know the value of the land. I believe this path is for someone who owns the property. What is the exact path to enter in these types of expenses? Also, why is "Leasehold Improvements" not an option? This is an IRS recognized expense.