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April 10, 2025
2:33 PM
Hi there, I started and nearly completed my 2024 return in TT online. However, I need to fill out some lines on the return directly, functionality that only the desktop version of TT offers. T...
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Hi there, I started and nearly completed my 2024 return in TT online. However, I need to fill out some lines on the return directly, functionality that only the desktop version of TT offers. The TurboTax help link found here explicitly states that a saved 2024 online return can be continued in TT desktop. I made the decision to purchase the desktop app based on this! But when I launch the desktop app and sign in, at no point am I prompted to continue my 2024 return from TT online. This option is also not available in any of the destkop menus. The app only has options to open files locally on my machine or start a new return. I just want to import the work I spent 2 plus hours entering on TT online! What am I missing? Thanks for any help!
April 10, 2025
2:33 PM
Topics:
April 10, 2025
2:33 PM
If this is not your Principal Residence, then you can take CCA on your rental property. But, be aware that you can't use CCA to create a loss, only to reduce your rental income to zero. Also, if you ...
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If this is not your Principal Residence, then you can take CCA on your rental property. But, be aware that you can't use CCA to create a loss, only to reduce your rental income to zero. Also, if you sell the property for more than it's worth, then you can end up with Recapture, which will be added to your rental income.
April 10, 2025
2:32 PM
apparently Turbotax is hacked? they are saying my returns are rejected
Topics:
April 10, 2025
2:31 PM
Thanks! I have a few questions about the residency periods for both New Jersey (NJ) and Delaware (DE). Since I moved to Delaware in June and my husband moved there in November, what dates shoul...
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Thanks! I have a few questions about the residency periods for both New Jersey (NJ) and Delaware (DE). Since I moved to Delaware in June and my husband moved there in November, what dates should I list for the residency periods for each state? I am filing jointly for both states. 1. When filing the DE joint tax return, it asks for the part-year resident dates. Should I enter my dates (June 24 – Dec 24) or my husband's (Nov 24 – Dec 24)? 2. Same for the NJ tax return—whose part-year resident dates should I use? 3. We have some interest earned last year. How do I allocate it?
April 10, 2025
2:31 PM
Hi, I’m self-employed (1099) and work from a home office that's a dedicated room in my primary home. My home suffered some damages in Hurricane Milton, and I’m trying to correctly report the loss in...
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Hi, I’m self-employed (1099) and work from a home office that's a dedicated room in my primary home. My home suffered some damages in Hurricane Milton, and I’m trying to correctly report the loss in TurboTax. I’m confused about which “property type” to select under the casualty loss (Form 4684) section. TurboTax gives me two options: Personal Property (includes home offices deducted under the Simplified Method) Income-Producing Property (includes business property and investment properties) I don’t use the Simplified Method for my home office, I use actual expenses. If I go through the Disasters section under Deductions & Credits, it treats it as personal-use property and calculates the loss that way. But if I go through it from the Schedule C “Home Office” section, it treats it as business property and lowers my Schedule C income directly — which results in lower tax owed. Same when I select either of the above options. I know one route puts the loss on Form 4684 Page 1 (personal), and the other on Page 2 (business). I've read that even if I use the actual expense method, the home office is still treated as personal property for disaster loss purposes, unless it’s a separate structure. Can anyone confirm the correct way to report this? Should I go with “Personal Property” even if I’m not using the simplified method? Thank you!
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April 10, 2025
2:31 PM
I was thinking that detail was provided 3-4 years ago to TT.
Trying to avoid going back into old filings.
April 10, 2025
2:29 PM
I put the wrong numbers in by mistake and wanted to change them but I didnt notice it until I got to far aloln to go back and then it would not let me change it.
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April 10, 2025
2:29 PM
The TurboTax Premium edition is required if you have rental or royalty income and expenses, sale of investments, self-employment income and expenses.
Do you have any type of this income?
April 10, 2025
2:28 PM
There is a good list of federal, state, and local governments that are exempt listed in the lawsuit Directive PD-99-1.
April 10, 2025
2:28 PM
This number is the number assigned by the State of South Carolina to the company or organization that paid you the dividends.
We in the Community have no way of knowing what that number might b...
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This number is the number assigned by the State of South Carolina to the company or organization that paid you the dividends.
We in the Community have no way of knowing what that number might be. You will have to ask the company or organization that paid you the dividends and generated the 1099-DIV.
You might try entering the federal EIN (employer identification number) into box 15, if SC accepts it on e-filing (we can't know if it will).
April 10, 2025
2:27 PM
Bonjour, J'ai le même problème J'ai droit au CPIH car ma fille est diabétique par contre pas droit au montant pouir personne aidante au Québec. Il y a un bug dans le logiciel. Impossible de se dé...
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Bonjour, J'ai le même problème J'ai droit au CPIH car ma fille est diabétique par contre pas droit au montant pouir personne aidante au Québec. Il y a un bug dans le logiciel. Impossible de se débarraser de l'annexe H elle automatiquement generé par la ciph du fédéral. impossible de l'enlever. J'ai déja tout testé. Non au formulaire INFO, effacer les données de l'annexe suprrimer le formulaire. le formulaire reste la et impossible de faire la déclaration. J'ai déja parlé à quatre agents de turbotax et aucun n'a réussi à régler le problème. J'ai même refait la déclation à zéro. Je suis vraiment décu !!
April 10, 2025
2:27 PM
Thanks so much for your quick response. I understand. To add, I earned thousands of dollars in scholarships last year but have no way to file them without this 1098-T form. How can I go about th...
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Thanks so much for your quick response. I understand. To add, I earned thousands of dollars in scholarships last year but have no way to file them without this 1098-T form. How can I go about this?
April 10, 2025
2:26 PM
Where is the amount appearing on your LOSS form? Is it on Chart A? In order to guide you better, if you can specify which line the loss is listed on the federal form LOSS.
Thank you for choosi...
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Where is the amount appearing on your LOSS form? Is it on Chart A? In order to guide you better, if you can specify which line the loss is listed on the federal form LOSS.
Thank you for choosing TurboTax
April 10, 2025
2:26 PM
Yes, you can deduct these expenses on your partners return as itemized expenses for the amount that is for personal care for your partner. If any portion of it is for cleaning your house or running ...
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Yes, you can deduct these expenses on your partners return as itemized expenses for the amount that is for personal care for your partner. If any portion of it is for cleaning your house or running errands, that amount cannot be included in the deduction.
Itemized expenses include mortgage interest, gambling losses up to winnings, charitable contributions, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss. All of your medical expenses are only deductible for the amount that is over 7.5% of your AGI. This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.
Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.
The 2024 Standard Deductions are as follows:
Married Filing Joint (MFJ) $29,200
Married Filing Separate (MFS) $14,600
Head of Household (HOH) $21,900
Single $14,600
Blind or over 65 and MFJ or MFS add $1,550
Single or HOH if blind or over 65 add $1,950
Standard versus Itemized Deduction
April 10, 2025
2:25 PM
If you change the date of payment to a later date, you will be liable for a failure to pay penalty.
Go to this IRS website for how to cancel a payment - https://www.irs.gov/payments/pay-taxes-b...
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If you change the date of payment to a later date, you will be liable for a failure to pay penalty.
Go to this IRS website for how to cancel a payment - https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal
Once your return is accepted, information pertaining to your payment, such as account information, payment date, or amount, cannot be changed. If changes are needed, the only option is to cancel the payment and choose another payment method.
Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
You can make your payment after cancellation on the IRS payment website - https://www.irs.gov/payments
April 10, 2025
2:25 PM
Hola , registre una LLC en Wyoming en noviembre de 2024 a traves de un agente llamado EZFRONTIERS LLC, soy el unico propietario, y vivo en Chile, soy residente y pago impuestos en Chile Durante el 2...
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Hola , registre una LLC en Wyoming en noviembre de 2024 a traves de un agente llamado EZFRONTIERS LLC, soy el unico propietario, y vivo en Chile, soy residente y pago impuestos en Chile Durante el 2024 no realice ninguna compra -venta, ni transacción Se que tengo que declarar mas no pagar impuesto A traves de que servicio de turbotax lo podria hacer, me confundo si es como LLC microempresa o como no residente de USA Me puedes asesorar y aclarar la duda PD la LLC tiene EIN y dirección fisica en Florida
April 10, 2025
2:24 PM
I entered my VIN, make, model into the Energy Efficient Vehicle of turbo tax and 7500 Turbo tax shows that my vehicle qualifies. is this true. Can you help me double check ? VIN: YV4H60PE5S13009...
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I entered my VIN, make, model into the Energy Efficient Vehicle of turbo tax and 7500 Turbo tax shows that my vehicle qualifies. is this true. Can you help me double check ? VIN: YV4H60PE5S1300923 Make: Volvo Model: XC90 T8 - plug in hybrid Date of Purchase 12/28/2024
April 10, 2025
2:22 PM
Topics:
April 10, 2025
2:22 PM
1 Cheer
"But my question is, the excessive contribution was from 2023, not 2024 - would it be any problem to carry that in to 2025? "
This would be fine; in fact, it's supposed to work that way - if yo...
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"But my question is, the excessive contribution was from 2023, not 2024 - would it be any problem to carry that in to 2025? "
This would be fine; in fact, it's supposed to work that way - if you can't take as a contribution one year, you can take it in the next.
"if I do return the “mistaken distribution” and remove it as “excessive contribution” now, do I have to pay income tax on the excessive contribution again?"
Yes. The 2023 excess contribution was supposed to have been removed by April 15, 2024. If you remove it at any time after that point, then it will be reported as income with a 20% penalty.
Your choice of #3 does have the following implications:
1. Your 2023 return should have showed excess contributions being carried over to 2024 (which you are going to carry over to 2025). I assume that your 2023 return did not because you said you were going to withdraw it. This means that you will need to amend your 2023 return to generate that carryover (by telling TurboTax that you will not withdraw the excess by April 15 2024).
2. This would generate an entry in the Carryover Worksheet (yes, that's how we communicate things from one year to the next).
3. But you want to file your 2024 return now. That's OK, because TurboTax asks you in the 2024 HSA interview, "Did you overfund your HSA in 2023?" Answer yes, and then enter the amount of the excess that you know that 2023 is going to show. This will apply the carryover from 2023 to 2024 (I don't know what contributions you already made in 2024 - maybe part of the 2023 carryover can be used in 2024?).
4. Then when the 2024 TurboTax tells you that you have an excess, TurboTax will limit how much you can withdraw to only excess derived from 2024, not from 2023. Withdraw whatever you can, otherwise let the rest carry over to 2025, where you will finish it off.
5. Fortunately, the filing of 2024 does not depend on amending 2023 first, so file 2024 now, and amend 2023 when you get around to it later this year.
