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April 14, 2025
6:03 PM
I got a big surprise medical bill last year. Its going to take me years to pay it off. Can I deduct the whole cost this year? If I only deduct the payments each year ,I'm sure I wont make the 7% thre...
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I got a big surprise medical bill last year. Its going to take me years to pay it off. Can I deduct the whole cost this year? If I only deduct the payments each year ,I'm sure I wont make the 7% threshold. The surgery was in 2024 and to my surprise insurance approved it but there was a rider that capped the amount that I wasn't aware of. I finally had to set up a payment plan to keep it from going to collections.
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April 14, 2025
6:02 PM
I am on a MAC
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April 14, 2025
6:02 PM
It won't allow you to enter a payment date. Taxes are due on April 18. The extension only allows for late filing of the return but it does not extend the time to pay taxes due. Taxpayers will exten...
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It won't allow you to enter a payment date. Taxes are due on April 18. The extension only allows for late filing of the return but it does not extend the time to pay taxes due. Taxpayers will extend their filing deadline because they are waiting for tax documents or other information they haven't received yet but if they have taxes due on April 15, the taxes need to be paid to avoid interest charges.
April 14, 2025
6:02 PM
I have $0 but I have to file. Is there a way to have a payment plan with turbo tax?
April 14, 2025
6:02 PM
April 14, 2025
6:01 PM
April 14, 2025
6:01 PM
Try 'Start a New Return' for your sister's return, and in the Personal Info section, change the phone number.
Use that same phone number in the FILE section when you go to Efile.
If you...
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Try 'Start a New Return' for your sister's return, and in the Personal Info section, change the phone number.
Use that same phone number in the FILE section when you go to Efile.
If you still have a Rejected return pending, do the same thing before Efiling again.
If you're using TurboTax Online, clear your Cache and Cookies between attemptss.
@Audrey216
April 14, 2025
6:01 PM
April 14, 2025
6:00 PM
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April 14, 2025
6:00 PM
Thanks for your response, @MinhT1 and @Hal_Al . I have a couple of follow-up questions: Does Fidelity (which maintains my 529 plan) send 1099-Q information to the IRS? It looks like TurboTax is...
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Thanks for your response, @MinhT1 and @Hal_Al . I have a couple of follow-up questions: Does Fidelity (which maintains my 529 plan) send 1099-Q information to the IRS? It looks like TurboTax is sending the 1099-Q and 1098-T forms to the IRS, because when I checked all the official forms included in the filing, those documents were listed. Why is TurboTax including them in the filing? I filed my daughter's taxes, and I can see both the 1099-Q and 1098-T in the filed copy. If the answer to #1 or #2 is yes, should I enter the 1099-Q that came under my name in TurboTax, rather than ignoring it? Thanks in advance!
April 14, 2025
6:00 PM
Can not find service fee .
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April 14, 2025
6:00 PM
I need to get the money back from michigan and file in illinois
If they can claim you as a dependent, they can enter your 1098-T and take an education credit on their tax return. If you are claimed on someone else's return, you can't take an education credit, s...
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If they can claim you as a dependent, they can enter your 1098-T and take an education credit on their tax return. If you are claimed on someone else's return, you can't take an education credit, so there is no need for you to enter the form.
April 14, 2025
5:59 PM
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April 14, 2025
5:59 PM
For Vanguard...... You will need to calculate any amounts yourself using these tables. Vanguard use to include these tables with the 1099 forms but now you have to get them online here. There are ...
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For Vanguard...... You will need to calculate any amounts yourself using these tables. Vanguard use to include these tables with the 1099 forms but now you have to get them online here. There are 3 Tax information for Vanguard funds | Vanguard You have to look up your fund. If there is a * There is a footnote at the bottom that says that fund meets the threshold for California.
April 14, 2025
5:59 PM
I am completing the info on our rental property exchange. It is asking for the "adjusted basis" of the property sold. Everything has been depreciated because this house was bought for $94K in 1990. T...
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I am completing the info on our rental property exchange. It is asking for the "adjusted basis" of the property sold. Everything has been depreciated because this house was bought for $94K in 1990. The land value doesn't seem to be depreciated (parent's purchase and my father passed away). If I put in the cost of the property and add/subtract the structure depreciation, that leaves $48K for the adjusted basis. This seems to create an issue on the next page that wants to know about different property received. I already put in the info on the new property under "like kind Property received", so the only thing that should go in this last section is the gain they made ($14K in cash) that I noted. The problem is it says based on my answers I need to show $51K. I am thinking for adjusted basis of the sold property I need to indicate zero? Since the land and property are sold together?
April 14, 2025
5:59 PM
@TX202502 Note that there's a workaround to see the form 1116 - AMT even if it doesn't get printed: click on the 'open form' button / icon at the top left in TurboTax. in the little pop-up window ty...
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@TX202502 Note that there's a workaround to see the form 1116 - AMT even if it doesn't get printed: click on the 'open form' button / icon at the top left in TurboTax. in the little pop-up window type the name of the form you are looking for: Form 1116 AMT. Most likely the form exists, and it will open. You will be able to see the form despite the fact that the form DOES NOT appear in the list of 'Forms in my Return' on the left panel. If you want to keep record of what the form said, outside of having to open the software, you could take screenshots.
April 14, 2025
5:59 PM
This $500 of income must be entered as self-employment Other income on Schedule C and pay the self-employment taxes. The maximum Roth IRA contribution will be $500 minus the $35 deductible portion o...
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This $500 of income must be entered as self-employment Other income on Schedule C and pay the self-employment taxes. The maximum Roth IRA contribution will be $500 minus the $35 deductible portion of self-employment taxes, the result of which is $465.
April 14, 2025
5:59 PM
This is referring to my form 1099-R form I was forced to withdrawal my 401k bcuz the company closed and i was layed off
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