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There are 2 types of dependents. There is no specific income limit for a child dependent. There is a $5050 income limit for a qualifying relative dependent. 
@vuldub were you able to update your software? do you still have an issue with your T936?   Thank you for choosing TurboTax.
Under Spouse Info, there are only fields for Middle initial, Last name and SSN or ITIN.
As the recipient of the gift, you would not report this on your tax return.     If the gift was greater than the annual gift limit, then the giver should report it on a Gift Tax Return.   Tak... See more...
As the recipient of the gift, you would not report this on your tax return.     If the gift was greater than the annual gift limit, then the giver should report it on a Gift Tax Return.   Take a look at the following TurboTax help article to learn more:   Where do I report a cash gift?   @Brandon-ish   
Still does not work.  I even did a new return from scratch.  The info is there when you click on the 68140 box 15 but it still has 0.00 when you exit.  Just horrible.
I paid the balance due on our 2024 federal tax return on the Turbo Tax site in the process of e-filing, but I haven't received a confirmation and the charge doesn't appear on my credit card as pendin... See more...
I paid the balance due on our 2024 federal tax return on the Turbo Tax site in the process of e-filing, but I haven't received a confirmation and the charge doesn't appear on my credit card as pending whereas later credit card charges due.  How can I get a confirmation?
Follow these steps to update your email address: Sign in to your Intuit account. Select Sign in & security. Select Email address. Enter your new email address, confirm it and select Sav... See more...
Follow these steps to update your email address: Sign in to your Intuit account. Select Sign in & security. Select Email address. Enter your new email address, confirm it and select Save. If you no longer have access to your email address, fill out our Account Recovery Request Submission Form.
As it was said previously, we are aware of this issue, and we have an ongoing investigation about this. As this is an error message between Tax software's and CRA system, our team is working in colla... See more...
As it was said previously, we are aware of this issue, and we have an ongoing investigation about this. As this is an error message between Tax software's and CRA system, our team is working in collaboration with them to resolve this issue as soon as possible.   We will inform you in this thread, as soon as we have news to share.   We thank you for your patience.
Hi I have imported from interactive brokers. It asked me to review and I saw this "A portion of these dividends is U.S. Government interest". How do I know? Interactive brokers do sweep the cash into... See more...
Hi I have imported from interactive brokers. It asked me to review and I saw this "A portion of these dividends is U.S. Government interest". How do I know? Interactive brokers do sweep the cash into money market fund which buys US treasuries. Is your software able to pick these info automatically?   Thank you Leo
derricpam888 I am receiving the same issue - My full CPP amount is showing as an over payment which cannot be right.
About Signing in.   Yes you will need to sign into your Online Intuit account if you are not signed in.   You can check if you are signed in under File - at the bottom right above Exit it will say Si... See more...
About Signing in.   Yes you will need to sign into your Online Intuit account if you are not signed in.   You can check if you are signed in under File - at the bottom right above Exit it will say Sign In or  Signed in as [name].   
You can deduct your motor vehicle expenses if you meet all of the following conditions:   You were normally required to work away from your employer's place of business or in different places ... See more...
You can deduct your motor vehicle expenses if you meet all of the following conditions:   You were normally required to work away from your employer's place of business or in different places Under your contract of employment, you had to pay your own motor vehicle expenses. You are not considered to have paid your own motor vehicle expenses if your employer reimburses you or you refuse a reimbursement or reasonable allowance from your employer You did not receive a non-taxable allowance for motor vehicle expenses. Generally, an allowance is non-taxable when it is based solely on a reasonable per-kilometer rate You keep with your records a copy of Form T2200, Declaration of Conditions of Employment, which has been completed by your employer   Did you receive a T2200 form from your employer? If no, you should request it to your employer. Other kind of expenses can be deducted from your return as maintenance/repairs, insurance, licence/registration, etc.   Thank you for choosing TurboTax.  
I am filing my Kentucky state tax return. I am on the qualified education expenses. Do I add information from my 1098-T here?
OK I figured it out the rest of the way. Thank you again
The -$9,809 in adjustments come from Interest on US Government Bonds. I see you already allocated 2,452 to your NYC portion. Assuming you only lived in NYC and then moved to Colorado, it would be the... See more...
The -$9,809 in adjustments come from Interest on US Government Bonds. I see you already allocated 2,452 to your NYC portion. Assuming you only lived in NYC and then moved to Colorado, it would be the same amount.    Therefore, on your Allocate NYS Adjustment Screens, please enter the following:     @az1890 
A few comments: While Green's Trader Tax Guide may suggest this, upon audit, they have a name and reputation within the Trader Tax preparation world and would be able to deal with the IRS more ea... See more...
A few comments: While Green's Trader Tax Guide may suggest this, upon audit, they have a name and reputation within the Trader Tax preparation world and would be able to deal with the IRS more easily. I wouldn't recommend this.  If you have all the support and records to support your TTS, then you shouldn't need to worry about an audit. If you do shift some ordinary gains to Schedule C, you will need to reflect some transactions on form 8949 adjusting the cost basis to net to zero and reflect the gain on Schedule C. While in the end you net to the same place, it also opens up any potential audit to possibly other items within your tax return.  More IRS scrutiny.   Your call.
I inherited property that was land, mobile home, and horse stables.  The value of the property at the time of death was $225,000 and I sold it for $190,000 with closing cost of $16,781.   The propert... See more...
I inherited property that was land, mobile home, and horse stables.  The value of the property at the time of death was $225,000 and I sold it for $190,000 with closing cost of $16,781.   The property was not used by anyone from the time of death until sale.  I didn't think this would qualify as a capital loss but when I enter it into Turbo Tax Premier under Investments - Other and I specify it was inherited it shows a capital loss.  Is this correct?
Bonjour, Comment soumettre électroniquement le formulaire T1135 avec une feuille supplémentaire qui contient des renseignements pour lesquels il n'y a pas suffisamment d'espace sur le formulaire T113... See more...
Bonjour, Comment soumettre électroniquement le formulaire T1135 avec une feuille supplémentaire qui contient des renseignements pour lesquels il n'y a pas suffisamment d'espace sur le formulaire T1135 ? Merci.
Hello, KrisD15! How would someone go about filing this type of "gift?" Would this be under a certain line number on a regular 1040 tax form, Schedule C, or perhaps a 1099? Or are there places on each... See more...
Hello, KrisD15! How would someone go about filing this type of "gift?" Would this be under a certain line number on a regular 1040 tax form, Schedule C, or perhaps a 1099? Or are there places on each of these forms to list "gifts" received?    Thanks in advance for your response! I appreciate your help!