All Posts

Sorry it's too,late to start a 2023 or prior online return or use the mobile app, either on Turbo Tax or the IRS. And too late to efile 2023. To do a prior year return you have to buy the Desktop program here, https://turbotax.intuit.com/personal-taxes/past-years-products You will need a full Windows or Mac to install it on.   If you have a simple return and want to file for free you can fill out the forms by hand.  Here are some basic forms..... Here is the 2023 1040 return https://www.irs.gov/pub/irs-prior/f1040--2023.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2023.pdf 2023 1040 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2023.pdf 2023 EIC and Tax Tables https://www.irs.gov/pub/irs-prior/i1040tt--2023.pdf Schedules 1-3 https://www.irs.gov/pub/irs-prior/f1040s1--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s2--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s3--2023.pdf Don’t forget your state. And you will have to print and mail your returns.  So be sure to attach copies of your W2s and any 1099s that have withholding on them.  You have to mail federal and state in separate envelopes because they go to different places.  Get a tracking number from the post office when you mail them for proof of filing. Then when you file for 2024 you need to enter 0 for the 2023 AGI since you are filing 2023 late.

Did you get  the 16 digit License Code?   2024 Turbo Tax Desktop Download System Requirements Windows 10 or later or Mac OS Ventura 13 or later (newer). https://turbotax.intuit.com/personal-taxes/cd-download/tta-system-requirements How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US?uid=luqgvzrd If you are having trouble going to installturbotax.com, you can go here to start the download https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax   First turn off your AntiVirus program and make sure your Windows is updated.  Then reboot your computer.    

It can take up to 16 weeks or longer for an amended federal tax return, Form 1040-X, to be processed. Go to this IRS website for the status of an amended tax return - https://www.irs.gov/filing/wheres-my-amended-return

M-MTAX, I just wanted to make sure that the IRS doesn't think we gifted double! $700K total as my 709 Part1 shows 350K total as does my spouse's. My schedule A shows $175K four times with split four times. Or, my Schedule A, Part 4, line1 shows $350K, not $175K. My spouse's shows identical. Does that make sense? 

You need the data file ending in .tax2021.   My friend has a Mac. I had to use Finder to find it. Find tax files on Mac. You might need to show extensions. I think Mac doesn't show the .tax2021 at the end. https://ttlc.intuit.com/community/tax-data-file/help/find-your-tax-data-file-in-mac/00/26206   When you start 2022 it should find your 2021 file and ask if you want to transfer from it.  Did you use this computer to do 2021?   Here's an idea. Do you still have 2021 installed? Try opening 2021 program and see if you can get your 2021 return to show up in it. Go to FILE - OPEN. And see if that is the right one. In the 2021 program do a File-Save AS or Duplicate and give it a easy name you can find or search for. And note where it saves it or select where to save it so you can find it again. The file will end in .tax2021. Then close the 2021 program. Then start a new 2022 return and transfer from the 2021 file.  

If you used desktop software you should have saved the return both as a pdf and as a tax file.   The fact that you e-filed is irrelevant.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0  

"Since I e-filed..."     You could have e-filed using online software or desktop software.   What software did you use for 2021?   Did you use online?  Do you have your login information for the account you used for 2021?

The filed K-1 shows no long term capital loss.  Can I modify basis on personal achedule D even though K- 1 shows no figure for capital loss and nothing in box 16.  The only number on k1 is operating loss and outstanding loan balance. No schedule D. I have kept track of my basis but accountant who prepared final return did not notice stock basis associated with depreciation recaptureand did not think loan loss  would be considered capital loss.  Over the years, we lost about $80000 in equity on properties purchased in 2006 and 2007. Properties sold for less than we had invested. The loans were provided in the interim to cover repairs and payoff bank loans.