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mcs72330 · ‎April 23, 2025

Thank you! How do I know when the return I filed is “completely processed” by the IRS?

CatinaT1 · ‎April 23, 2025

Your federal tax return goes to a different location depending on the state that you live in.  See this list to determine the location for you.  Where to File Paper Tax Returns (irs.gov)

bernman9 · ‎April 23, 2025

I need to write a detailed letter to address an issue with the IRS what is the best address

TurboTaxAniqua · ‎April 23, 2025

Yes, expenses for a Senior Adult Day Program run by a local health unit may be tax deductible as a medical expense, particularly if they involve attendant care or care in a facility. To claim them, y...

Yes, expenses for a Senior Adult Day Program run by a local health unit may be tax deductible as a medical expense, particularly if they involve attendant care or care in a facility. To claim them, you'll need to ensure the care provided qualifies as "attendant care" and the attendant is not your spouse or common-law partner. The program itself must be a facility providing care or care and training. Thank you for choosing TurboTax.

CarolK · ‎April 23, 2025

Line 34 on Schedule F shows 0. Line 33 was not subtracted from line 9 (which would be a loss). I also somehow ended up with 2 Depreciation and Amortization forms for the same car, which also have dif...

Line 34 on Schedule F shows 0. Line 33 was not subtracted from line 9 (which would be a loss). I also somehow ended up with 2 Depreciation and Amortization forms for the same car, which also have different numbers. And I somehow ended up with a Form 6198 At-risk Limitation that I never had before.

PatriciaV · ‎April 23, 2025

If your gross receipts from sales were under $26 million over the last 3 years, you are not required to report inventory. Most small businesses report the purchase of inventory as Merchandise Expense...

If your gross receipts from sales were under $26 million over the last 3 years, you are not required to report inventory. Most small businesses report the purchase of inventory as Merchandise Expense (or Materials/Supplies). If this applies to you, instead of amending three years of returns, simply report zero ending inventory next year. Report the beginning inventory balance as an expense, either with your other purchases or as a separate line item under Other Miscellaneous Expenses. After that, you don't need to include inventory or Cost of Goods Sold on your return. This is not a change in accounting method. You have liquidated your inventory so you can expense items as they are purchased. See IRS Pub 334 Inventories @sept031989

eyouse · ‎April 23, 2025

We sold stock on Sept 14 2024 (and used the proceeds to pay off our mortgage). We didn't know that we had to pay quarterly taxes for the gains. We were charged $410 penalty. Is there any way to get o...

We sold stock on Sept 14 2024 (and used the proceeds to pay off our mortgage). We didn't know that we had to pay quarterly taxes for the gains. We were charged $410 penalty. Is there any way to get out of paying that penalty, especially since we sold so late in the year?

user123450 · ‎April 23, 2025

Thank you so much! To confirm: 1) there is no deadline for both federal and state taxes to submit my amendment? 2) the 3 year deadline to receive my refund is also for state taxes? 3) If I filed i...

Thank you so much! To confirm: 1) there is no deadline for both federal and state taxes to submit my amendment? 2) the 3 year deadline to receive my refund is also for state taxes? 3) If I filed in Feb-2025, does that mean that I can submit my amendment by Feb-2028? If so, is there a specific month to submit it for both federal and state purposes? 4) If I decide to wait 3 years to submit my amendment to receive my refund, do I submit my tax return next year the regular way? or does having a pending amendment change anything in the tax filing process?

AnnetteB6 · ‎April 23, 2025

When a married couple files separate returns, if one person uses itemized deductions then they both must use itemized deductions. To correct this, one of you will need to amend your return so...

When a married couple files separate returns, if one person uses itemized deductions then they both must use itemized deductions. To correct this, one of you will need to amend your return so that either both parties are using itemized deductions or the standard deduction. If you filed your return first, she may be contacted by the IRS regarding using the standard deduction.

Vanessa A · ‎April 23, 2025

Yes. You will need to Amend Your Return to enter the 1099-SA and the 5498SA. Prior to clicking the amend button, be sure that your return is original (meaning, if you did not enter any additional i...

Yes. You will need to Amend Your Return to enter the 1099-SA and the 5498SA. Prior to clicking the amend button, be sure that your return is original (meaning, if you did not enter any additional information after you filed) Then you can go through and amend your return once the refund amount or tax due is set back to $0. On the amended return, if you see a tax due, this would include a repayment of a refund (if you received one) that was more than you should have received if your return would have been complete when it was submitted.

CatinaT1 · ‎April 23, 2025

If you don't agree, I would send them a letter then.

RobertB4444 · ‎April 23, 2025

It will not change the amounts on your 2024 return but amending the return gets you an additional three grand loss to carry forward and that's not nothing. Since these are all covered tax lots ...

It will not change the amounts on your 2024 return but amending the return gets you an additional three grand loss to carry forward and that's not nothing. Since these are all covered tax lots you can amend the return and just enter the sum total for the section into the TurboTax system. Covered lots means that the IRS already has copies of the transactions. So this amendment doesn't need all of the individual transactions entered and shouldn't take you very long at all. @Moonlight

LeticiaF1 · ‎April 23, 2025

Yes, as Bsch4477 mentioned, you can deduct the interest as an expense. For more information on rental property income and expenses, see the TurboTax help article below: Rental Real Estate and ...

Yes, as Bsch4477 mentioned, you can deduct the interest as an expense. For more information on rental property income and expenses, see the TurboTax help article below: Rental Real Estate and Taxes @Rhkjr

plawlor78 · ‎April 23, 2025

Thanks @Vanessa A. For previous years when I did not file when I only had losses, can I just file a return now for those previous years? That way, I can carryforward all the losses?

CatinaT1 · ‎April 23, 2025

You will make your payment with the amendment. The IRS will add interest back to the due date of the original return. You will likely get a bill in the future for the interest.

AMFBali · ‎April 23, 2025

I have the same if not similar problem, I was told to mail in my return, I am told by TurboTax that it is an issue with my T4, after lots of searching I see there is an issue out there. Is there any ...

I have the same if not similar problem, I was told to mail in my return, I am told by TurboTax that it is an issue with my T4, after lots of searching I see there is an issue out there. Is there any fix coming?

Anonymous · ‎April 23, 2025

@Houbento We understand that this is not ideal, but this is not an information included in the Auto-File option from CRA. You can also combine them and keep track of your T5008 on a spreadsheet for y...

@Houbento We understand that this is not ideal, but this is not an information included in the Auto-File option from CRA. You can also combine them and keep track of your T5008 on a spreadsheet for your records. As per CRA - February 14, 2025 - Auto-fill my return: While the proposed effective date for the increase to the capital gains inclusion rate has been deferred to January 1, 2026, the CRA is maintaining capital disposition reporting for period 1 (dispositions that occurred before June 25, 2024) and period 2 (dispositions that occurred on or after June 25, 2024). This applies to both the T1 and T3 income tax returns. Period 1 and period 2 reporting is being maintained to ensure continued alignment with the tax slips that have already been published and are currently being issued to Canadians and filed with the CRA. As well, the proposed increase to the lifetime capital gains exemption applies starting with the capital dispositions in period 2 of qualified farm or fishing property and qualified small business corporation shares. Note: Auto-fill my return service will not deliver box 14 of the T5008, Statement of Securities Transactions, which is relevant for period 1 and period 2 reporting of capital dispositions, and boxes 270 to 273 on the T5013, Statement of Partnership Income. Please ensure that all proper fields on the return are filled in correctly, including information not delivered by the Auto-fill my return service, and that the information provided is true, accurate, and complete. Thank you for choosing TurboTax.

ithiam2016 · ‎April 23, 2025

Thanks CatinaT1. I check the notice and there is no indication file an amendment. But to review my transcript and/or make payment arrangements.

Mike9241 · ‎April 23, 2025

how did you enter the tranactions? short-term needs either type a - sales section proceeds and basis reported to IRS (covered) or type b sales section proceeds but not basis reported to IRS (noncove...

how did you enter the tranactions? short-term needs either type a - sales section proceeds and basis reported to IRS (covered) or type b sales section proceeds but not basis reported to IRS (noncovered). This is similar to entries for long-term type d or e if entered as summary totals summary totals need to be code with an M and details need to be sent to the irs. you can use Form 8453 (soukd be prepared automatically if you use code M) to submit the 1099-B reporting the details,

CatinaT1 · ‎April 23, 2025

We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

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Re: Amending a return due to a revised K-1

Re: Address to write the IRS with an issue

Address to write the IRS with an issue

Re: Can I and where do I claim the costs incurred to participate in a municpally run Adult Day Pr...

Schedule 1& Schedule F (form1040) farm income/loss was zeroed out. Doubled Depreciation & Amortization forms

Re: How to revert back to original return data after starting amending

Pemalty paid for not paying estimated taxes due to capital gains

Re: Submitted the wrong forms and ended up paying more in taxes

Re: Wife and I file separately

Re: 1099SA form recieved after taxes completed

Re: Do I need to file an amended return 2017 if the error is from IRS and I believe

Re: Amending 1099B on 2024 Tax Return

Re: Mortgage interest expense

Re: Passive loss carryforward for non-resident state level (GA) return

Re: Interest for additional taxes based on 2022 amendment

Re: Box 16A is not being calculated properly to arrive at Deductions from Gross income.

Re: Turbo Tax Online Version not auto-filling box14 for T5008

Re: Do I need to file an amended return 2017 if the error is from IRS and I believe

Re: 2024 schedule d

Re: Phone expence, Oil changes Tires?

Do you have a TurboTax Online account?

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