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October 15, 2025
2:59 PM
There is no physical signature on an e-filed return. You "sign" electronically by entering your 2023 AGI and your PIN. You can use your 5 digit self-select PIN or if you requested a 6 digit PIN fr...
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There is no physical signature on an e-filed return. You "sign" electronically by entering your 2023 AGI and your PIN. You can use your 5 digit self-select PIN or if you requested a 6 digit PIN from the IRS it goes in a different spot:
If you have a 6 digit PIN issued to you by the IRS you need to enter it in order to e-file. Go to Federal>Other Tax Situations>Other Return Info>Identity Protection PIN and enter the six-digit PIN.
October 15, 2025
2:52 PM
What if you are not a US citizen (permanent resident), but you work for they UN inside the United States? The IRS site states "If you are a green card holder working for a foreign government or i...
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What if you are not a US citizen (permanent resident), but you work for they UN inside the United States? The IRS site states "If you are a green card holder working for a foreign government or international organization, you generally must report your earnings as wages but are not subject to self-employment taxes on those earnings and may not voluntarily pay self-employment tax on those earnings." Source: https://www.irs.gov/individuals/international-taxpayers/employees-of-a-foreign-government-or-international-organization-how-to-report-compensation But TurboTax is forcing me to enter a foreign address when I use the "Foreign Earned Income and Exclusion" section.
October 15, 2025
2:51 PM
2 Cheers
My primary issue is not necessarily with the expiration date or fine print, which many would agree is an arbitrary date that unfairly burdens taxpayers who need an extension. My issue is with the Tur...
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My primary issue is not necessarily with the expiration date or fine print, which many would agree is an arbitrary date that unfairly burdens taxpayers who need an extension. My issue is with the TurboTax software deducting the $10 credit from the subtotal of the transaction even when it is "expired." Not everyone remembers the fine print of an email from 6 months ago, so TurboTax is misleading customers during checkout.
October 15, 2025
2:49 PM
No, you don't file a Schedule C. Unless the money withdrawals were in excess of your Basis in the Partnership, they are not taxed because you already paid/are-paying tax through the K-1s.
October 15, 2025
2:44 PM
The email I got from Costco with the Activation Keys under Additional Instructions the 2nd point does say.... Offer valid for Tax Year 2024 TurboTax Desktop products only and expires 4/30/25.
October 15, 2025
2:41 PM
Keep in mind that TurboTax developers usually takes until sometime in December to update the HSA contribution limits, so the initial release of 2025 TurboTax is still likely to be using the 2024 limi...
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Keep in mind that TurboTax developers usually takes until sometime in December to update the HSA contribution limits, so the initial release of 2025 TurboTax is still likely to be using the 2024 limits.
October 15, 2025
2:22 PM
Using code "PJ" and marking the 2025 Box is the correct way to do it. Only the earnings should be included on your Form 1040 column b @fastesthorse
October 15, 2025
2:17 PM
Third time trying!
October 15, 2025
2:14 PM
thanks - do you think this post down below is not correct? (And to be clear I'm not talking federal deadline - I"m talking when turbotax servers won't accept/allow an efiled return). https://ttl...
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thanks - do you think this post down below is not correct? (And to be clear I'm not talking federal deadline - I"m talking when turbotax servers won't accept/allow an efiled return). https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/missed-october-17-deadline/L2heTnLIS_US_en_US quote from that discussion-..."Yes, if you missed the October 15 tax extension deadline, you have until October 31 to file your return online in TurboTax, but it may be subject to late filing fees. After October 31, you can't start, finish, or e-file new returns in TurboTax Online. You'll need to use TurboTax Desktop and mail your return."
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
Topics:
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