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October 15, 2025
2:10 PM
1 Cheer
To RayG's point, I recall that the $10 state credit worked for extensions last year. Another case of Intuit exploiting an additional opportunity to increase the bottom line. It was gratifying to see ...
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To RayG's point, I recall that the $10 state credit worked for extensions last year. Another case of Intuit exploiting an additional opportunity to increase the bottom line. It was gratifying to see the groundswell of protest in 2015 from longtime users when Intuit removed Schedule C support from Turbotax deluxe. Intuit backed down when faced with the loss of a large number of customers and apologized - amazing.
October 15, 2025
2:08 PM
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October 15, 2025
2:06 PM
I have an LLC with my husband, we both got payments from the LLC and of course we have the K1's from it. do i have to file that money we received from the llc into our own personal taxes on sch C or...
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I have an LLC with my husband, we both got payments from the LLC and of course we have the K1's from it. do i have to file that money we received from the llc into our own personal taxes on sch C or do i just file the k1 for me and my husband 2024. we r in Nevada my question is ,do i file sch C from the money we withdrew from llc and file k1 also in the personal tax return?
October 15, 2025
2:06 PM
@pk, thanks for the response. (a) my husband and I are both US citizens and MFJ (b) Croatia is our tax home (c) our children are also citizens and they have only passive income, to be taxed at our...
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@pk, thanks for the response. (a) my husband and I are both US citizens and MFJ (b) Croatia is our tax home (c) our children are also citizens and they have only passive income, to be taxed at our rate. (d) we have both active and passive income. The active is entirely excluded in forms 2555, the passive is around a few 100k. I always struggle since the TT questionnaires are not very well tailored to our tax situation (filing of 2555), but this year is particularly bad since the TT questionnaire is asking for information from forms we didn't file (e.g. schedule D)
October 15, 2025
2:02 PM
1 Cheer
It is complicated. You didn't say how much the depreciation was (from the Standard Mileage Rate) or what the Fair Market Value (FMV) of the vehicle was when it was converted to business use, so let'...
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It is complicated. You didn't say how much the depreciation was (from the Standard Mileage Rate) or what the Fair Market Value (FMV) of the vehicle was when it was converted to business use, so let's hypothetically say it was $450 of depreciation and a FMV of $10,000. You start the calculations based on the purchase. 1,558/74,429 = 2.1% (for this example, I'll keep using the rounded 2.1%) $17,000 x 2.1% = $357 (purchase price of business portion of vehicle) $357 minus $450 of depreciation ... but Basis can't be below zero, so Adjusted Basis is $0 $8,000 x 2.1% = $168 Adjusted Basis of $0 with a Sale Price of $168 = $168 of gain. It is a gain, so we can stop the calculation there (see next bullet point if it was a loss). Use $357 Purchase Price, $357 of Depreciation, and a Sales Price of $168. If that calculation had ended in a loss, then we would redo the calculations using the information from 2023 (FMV, miles since converted to business, etc.). But that doesn't apply to your scenario.
October 15, 2025
1:58 PM
Collectibles are considered investments and subject to capital gains. Your income is your net proceeds less your cost basis and tax depends on how long you have had the asset.
October 15, 2025
1:58 PM
1. U.S. citizen, 2. India - land plot sales. 3. Property aquired as gift, held as investment. 3. Tax witheld after sale - I am guessing TDS. I also had other gains : 1. India bank deposit...
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1. U.S. citizen, 2. India - land plot sales. 3. Property aquired as gift, held as investment. 3. Tax witheld after sale - I am guessing TDS. I also had other gains : 1. India bank deposit interest , and TDS held on that interest 2. India Rental Income and TDS held on that income So in form 1116 for the following lines Part I Line 1a - I included here Total of Land Sale price + Rental gross Income + Bank interest Line 2 - I included the Total of Land Cost price + Rental expenses In Par II I put in Rental + Land + Interest Taxes withheld Then I let TurboTax calculate the rest. Earlier years, I had used a tax attorney, and he had claimed similar land sale capital gain as capital gain distribution, and hence had a capital gain distribution deduction. Turbo tax did not do this. 1116 and 514 publications are pretty confusing,
October 15, 2025
1:57 PM
When you e-File with a 5-digit PIN or IP PIN, your return is presumed to be signed. There's no other way. @mmbodajlo
October 15, 2025
1:54 PM
It used to work this way: Keep pressing CONTINUE and it will cycle through the Box Categories, eventually coming back to the next page of the category you're working on. I don't know about TurboTa...
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It used to work this way: Keep pressing CONTINUE and it will cycle through the Box Categories, eventually coming back to the next page of the category you're working on. I don't know about TurboTax 2024. @Sanapala
October 15, 2025
1:51 PM
3 Cheers
No where did I see an expiration date mentioned either. TT showed the credit and told me filing my state would be $15, then ended up charging my credit card $25. What number did you call to talk to...
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No where did I see an expiration date mentioned either. TT showed the credit and told me filing my state would be $15, then ended up charging my credit card $25. What number did you call to talk to TT?
October 15, 2025
1:49 PM
If you are an individual, not a business employing sub-contractors, you do not file any Form 1099.. Your contractor will not appreciate it. @chris_tsg
October 15, 2025
1:49 PM
@Blackmalemd wrote:
I need help to get 2023 tax done
To complete and file a 2023 tax return using TurboTax you would need to purchase, download and install on a personal computer one of th...
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@Blackmalemd wrote:
I need help to get 2023 tax done
To complete and file a 2023 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2023 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/
A 2023 tax return can only be printed and mailed, it cannot be e-filed using TurboTax.
October 15, 2025
1:48 PM
See this TurboTax support FAQ on how to update the information in your TurboTax account - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-status/update-turbotax-account-informatio...
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See this TurboTax support FAQ on how to update the information in your TurboTax account - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-status/update-turbotax-account-information/L0YoC0H31_US_en_US?uid=mgsgq42m
October 15, 2025
1:48 PM
I ran into this with TurboTax 2024 on Mac. I spent hours and hours with tech support who had no idea what this was and how to fix it. They were reading the same forums I was and had me try a lot of...
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I ran into this with TurboTax 2024 on Mac. I spent hours and hours with tech support who had no idea what this was and how to fix it. They were reading the same forums I was and had me try a lot of things including full reinstall, browser flush, ... A ton of unrelated things. There is no "blocked payment" thing. No one I spoke with knew anything about it. They really are not knowledgeable and don't know what they are doing once there is a technical problem. One of them even told me that my license (which I bought from them) was fraudulent!!! I ended up filing Federal online since it did not require payment but a paper copy for the state at the last minute. However, there is a way to make the payment on the phone and get a code which you can then use without having to go to the payment screen. Unfortunately, none of the 4 reps I spoke with had any ideas of how to do it. Absolutely, the worst support. You may have better luck. Go to the "Help" menu in turbo tax, Help -> Purchase by Phone -> State efile Instructions there are good, you give them the serial number on the screen and they are supposed to give you an e-file confirmation code you write in the box and you should be all set after that. Good luck getting someone knowledgeable.
October 15, 2025
1:48 PM
Did you ever get your credit? I just efiled mine today 10/15/25 and did NOT get my $10 credit either.
October 15, 2025
1:39 PM
You can file Form 4952 and carry the interest forward to some future year with dividends and itemization on Schedule A. @arihantkkothari
October 15, 2025
1:28 PM
You don't have to detail any Box A transactions without adjustments that are aggregated on Schedule D LIne 1a. Short options (Sell to Open) are always Short Term, detailed with Box A checked. ...
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You don't have to detail any Box A transactions without adjustments that are aggregated on Schedule D LIne 1a. Short options (Sell to Open) are always Short Term, detailed with Box A checked. @pasurveying
October 15, 2025
1:23 PM
@Mike9241 wrote: anyway the easiest way to check to see if thinks are correct on the 8949 short term proceeds 2832 cost allocated 3990 adjusted loss -1158 long-term proceeds 2464 cost ...
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@Mike9241 wrote: anyway the easiest way to check to see if thinks are correct on the 8949 short term proceeds 2832 cost allocated 3990 adjusted loss -1158 long-term proceeds 2464 cost allocated 3399 adjusted loss -935 I checked my form 8949 in Turbotax and added up the adjusted loss for the short term lots and got -1159. For long term, I got -936. The $1 difference is likely due to Turbotax rounding earlier in the calculation.
October 15, 2025
1:18 PM
Turbotax assistant name Copiiot says send to my email [email address removed] and let me sign name and filling. but I have no find my return in my email, please send me again and now.
Mary M B....
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Turbotax assistant name Copiiot says send to my email [email address removed] and let me sign name and filling. but I have no find my return in my email, please send me again and now.
Mary M B.
The use ID is [removed]
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