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There are two types of dependents--Qualifying Child and Qualifying Relative.    If your adult son is not permanently and totally disabled he can be a qualifying relative for whom you get the $500 cre... See more...
There are two types of dependents--Qualifying Child and Qualifying Relative.    If your adult son is not permanently and totally disabled he can be a qualifying relative for whom you get the $500 credit for other dependents if he meets the criteria to be a qualifying relative.   WHO CAN I CLAIM AS A DEPENDENT?     You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2024 tax return as long as they meet the following requirements: Qualifying child They're related to you. They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They're under the age of 19 (or 24 for full-time students). No age limit for permanently and totally disabled children. They lived with you for more than half the year (exceptions apply). They didn't provide more than half of their own support for the year. Qualifying relative They don't have to be related to you (despite the name). They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They lived with you the entire year (exceptions apply). They made less than $5050 in 2024.   (Not counting Social Security) You provided more than half of their financial support. When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent. Related Information: What does "financially support another person" mean?  
yes or no: Can I report on my 2024 Alabama state return, the extra federal taxes I paid in 2024 for 2022 returns? History: A 1099(?) wasn't sent to me until after I had filed my 2022 taxes therefore t... See more...
yes or no: Can I report on my 2024 Alabama state return, the extra federal taxes I paid in 2024 for 2022 returns? History: A 1099(?) wasn't sent to me until after I had filed my 2022 taxes therefore that income was NOT reported to Fed nor state. I received a "notice of delinquency" from the IRS for taxes owed on that income which was from a small account r/t my inheritance after my mom's death.
Based on Us and China treaty. There is a $5000 exemption and the fellowship exemption. I got a 1042-S for fellowship. And it seems the $5000 didn’t get exempted according to my W2. I am a resident al... See more...
Based on Us and China treaty. There is a $5000 exemption and the fellowship exemption. I got a 1042-S for fellowship. And it seems the $5000 didn’t get exempted according to my W2. I am a resident alien for tax purposes. Can I claim both exemption and how?
You can disregard.  While this is what is visually causing the change, something else is ultimately driving the change....its just not clear what it is.
I'm a nonresident of Georgia investing in a real estate syndication that has losses in 2024. I want to show these passive losses to offset against future income from the investment. I've entered the ... See more...
I'm a nonresident of Georgia investing in a real estate syndication that has losses in 2024. I want to show these passive losses to offset against future income from the investment. I've entered the net loss from real estate activities from GA Form 700, as well as the additions to federal income and subtractions from federal income (which I believe are depreciation related). However, I'm getting an error that Schedule 3, Line 8A for income and adjustments from all sources does not equal Georgia source amount plus other state source amount.   Backing into the numbers, I can tell I am out by the net loss from RRE activities, but unsure of how to show this on the GA return.
I started a new business and received $8000 from investors as well as put in 1000 of my own money to get it started and I don't know how to enter that
One of the threads mentioned above stated that you cannot fix this in the step by step view.  You must go into forms view and make a change.  I followed that and Turbotax let me e-file, but it is sti... See more...
One of the threads mentioned above stated that you cannot fix this in the step by step view.  You must go into forms view and make a change.  I followed that and Turbotax let me e-file, but it is still pending in the NJ system.   (Federal was accepted.)  I got confirmation from NJ Division of Taxation that accrued market discount on UST is tax exempt, but it is not true in every state.  TaxAct has a nice screen in their NJ module.  It presents what it thinks are NJ taxable and tax exempt interest and allows you to adjust them.  Wish Turbotax had this.  
Unless your adult child is age 24 or under and a full time student or permanently and totally disabled, you can't claim him as a Qualifying Child.  However, you may be able to claim him as a Qualifyi... See more...
Unless your adult child is age 24 or under and a full time student or permanently and totally disabled, you can't claim him as a Qualifying Child.  However, you may be able to claim him as a Qualifying Relative.  See the following TurboTax article for more information:   Rules for Claiming Dependents on Taxes    
I had this message when I imported information for dividend interest.  The message went away if i continued to the next page and answered the question that no other conditions applied.
  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   ... See more...
  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2024 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.      
I saw your message - I am having the same problem - how do i fix it 
I sold a domain name for $7,500, and want to treat it as a long-term capital gain since I've had it for many years.  I transacted it on PayPal, and have received a 1099-K.  This is taxed as regular i... See more...
I sold a domain name for $7,500, and want to treat it as a long-term capital gain since I've had it for many years.  I transacted it on PayPal, and have received a 1099-K.  This is taxed as regular income I believe.  So how to report it as a capital gain instead?
I need to see the returns.
You can complete a Form 4852, Substitute for Form W-2, Wage and Tax Statement.  To do so in TurboTax see the following:  How do I file a substitute W-2 using Form 4852? 
April 15th.     How do I file an IRS tax extension?   How do I file an extension for my personal state taxes?