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April 15, 2025
9:01 AM
Topics:
April 15, 2025
9:01 AM
Effective January 01, 2024, California does not allow IDC deduction - neither in one (first) year, nor amortized over 5 years or any other period. Is this not correct? Could you please clarify your s...
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Effective January 01, 2024, California does not allow IDC deduction - neither in one (first) year, nor amortized over 5 years or any other period. Is this not correct? Could you please clarify your suggestion? Thanks.
April 15, 2025
9:01 AM
Are you using an old account that was used in a past year for a joint return? Or did you answer incorrectly in MY INFO when it asked if you were married in 2024?
April 15, 2025
9:00 AM
Topics:
April 15, 2025
9:00 AM
You can try deleting Form 8880. If you contributed to a 401k through your job, the form may regenerate as those contributions can qualify for the credit.
How to delete forms in TurboTax On...
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You can try deleting Form 8880. If you contributed to a 401k through your job, the form may regenerate as those contributions can qualify for the credit.
How to delete forms in TurboTax Online
How to delete forms in TurboTax Desktop
April 15, 2025
9:00 AM
No, the cost of temporary housing and transportation cannot be included in your loss from the casualty.
April 15, 2025
9:00 AM
Did you pay $100 with an extension to file? If your extension payment from 4868 line 7 did not automatically show up on 1040 line 31 you need to enter it. So make sure it's not already there before...
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Did you pay $100 with an extension to file? If your extension payment from 4868 line 7 did not automatically show up on 1040 line 31 you need to enter it. So make sure it's not already there before you enter it! To enter the amount you paid with an extension (including state extension) go to Federal Taxes (or Personal for desktop H&B version) Deductions and Credits Then scroll way down to Estimates and Other Taxes Paid Other Income Taxes - Click the Start or Update button Next page second section Payments with Extension Either Visit All or Click Start or Update by the extension you paid
April 15, 2025
9:00 AM
The Free edition is for very simple tax returns.
You can start for free; however, if the software requires more advanced features, there will be an additional charge.
Situations covered (ass...
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The Free edition is for very simple tax returns.
You can start for free; however, if the software requires more advanced features, there will be an additional charge.
Situations covered (assuming no added tax complexity):
W-2 income
Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B
IRS standard deduction
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
Student loan interest deduction
Situations not covered:
Itemized deductions claimed on Schedule A
Unemployment income reported on a 1099-G
Business or 1099-NEC income
Stock sales (including crypto investments)
Rental property income
Credits, deductions and income reported on other forms or schedules
Select [Start for Free] on the TurboTax Website.
April 15, 2025
8:59 AM
1 Cheer
The issue seems to be that there is no clear guidance on when additional documentation is required. There seems to be a $5000 threshold, and that is referenced when TurboTax asks about additional cha...
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The issue seems to be that there is no clear guidance on when additional documentation is required. There seems to be a $5000 threshold, and that is referenced when TurboTax asks about additional charitable contributions in the CO state return. From reading through the documents, I am interpreting the requirement as only needed for single donations over $5000 or non-cash contributions. With that said, I think that TurboTax printing the E-filer attachment is a bug. We had almost identical charitable contributions last year and TurboTax did not check the "Qualifying Charitable Contribution...." box (we did have Enterprise Zone Credits in the past so have done the upload process for those).
April 15, 2025
8:59 AM
April 15, 2025
8:59 AM
The IRS's system is not state of the art. So it often requires time to update before it can use information that has been uploaded into it. You might want to wait 24 hours and try again.
@kac...
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The IRS's system is not state of the art. So it often requires time to update before it can use information that has been uploaded into it. You might want to wait 24 hours and try again.
@kach0169
April 15, 2025
8:59 AM
I also traditionally have to pay Estimated taxes every year. This year Turbo Tax did NOT provide my CA State estimated payments, only Federal. I do not see anywhere where I can find / generate my E...
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I also traditionally have to pay Estimated taxes every year. This year Turbo Tax did NOT provide my CA State estimated payments, only Federal. I do not see anywhere where I can find / generate my Estimated CA state payments following the posted instructions. Please advise how to navigate to generate so I do not have to pay penalties.
April 15, 2025
8:59 AM
Topics:
April 15, 2025
8:58 AM
Topics:
April 15, 2025
8:58 AM
Yes, you will receive mail from the IRS regarding your payment plan.
April 15, 2025
8:58 AM
are my monthly premiums to my HMA (health maintenance association)
Deductible?
Topics:
April 15, 2025
8:58 AM
Topics:
April 15, 2025
8:58 AM
1 Cheer
Yes, any eligible expenses incurred to set up your business can be included in Startup Costs, reported in the tax year the business begins. This does include the LLC filing fee.
April 15, 2025
8:58 AM
I am filing and it is asking for my wife's 2023 AGI and the records I have only have what we filed jointly.
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April 15, 2025
8:58 AM
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