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At least for the recent 3+ years, I wouldn't pay it all back to the employer.  I would subtract the Social Security and Medicare.   The employer will be (or at least should be) amending their emplo... See more...
At least for the recent 3+ years, I wouldn't pay it all back to the employer.  I would subtract the Social Security and Medicare.   The employer will be (or at least should be) amending their employer payroll returns to get the Social Security and Medicare back.  If they are already getting it back, there is absolutely no reason why you should be paying to them again.
What is flex loan?
https://turbotax.intuit.com/personal-loan
Hello community. I was familiar with the term tax loss harvesting, but it seems like it is a strategy that I will need to implement this year. Crypto does not have a wash sale rule unlike stocks.  ... See more...
Hello community. I was familiar with the term tax loss harvesting, but it seems like it is a strategy that I will need to implement this year. Crypto does not have a wash sale rule unlike stocks.    How does it work with realized loss on crypto vs ordinary income from W2 or 1099?  Say for example: You made $300,000 W-2 pre-tax income, but your crypto realized losses are $50,000.  Does tax loss harvesting mean, you can offset your regular taxable income?   
I claim my two sisters on my taxes who I don't live with. My mom is unemployed and they all have Medi-Cal for insurance. Will this impact their eligibility? If so, I won't claim them any longer.
Texas is also a community property state. See "Spouses living apart all year" on pages 8 - 9 of IRS Publication 555, Community Property. Since this is an unusual situation, and the laws are c... See more...
Texas is also a community property state. See "Spouses living apart all year" on pages 8 - 9 of IRS Publication 555, Community Property. Since this is an unusual situation, and the laws are complex, you may wish to consult a local tax professional.  
My foreign employee pension is a United Kingdom based pension of one of the largest companies in the UK as I have lived in the UK for many years and have worked for them for almost two decades and I ... See more...
My foreign employee pension is a United Kingdom based pension of one of the largest companies in the UK as I have lived in the UK for many years and have worked for them for almost two decades and I am a US and UK citizen. It is a defined contribution scheme of one of the largest pension providers in the UK and is part of a Master Trust run by the pension provider and looked after by a trustee, with my employer contributing more into the scheme than I do each month.  I have completed Part VI of Form 8938, but am not sure if I have done so correctly.  As AI and the IRS helpline advised me that my pension is an interest in a foreign entity so I filled out line 35, but two accountants said I should have filled out line 36 instead, but they gave me inappropriate answers as to why, as one said they do not know why and the other one said because it is not stock in a foreign entity and I am making too much of the fact that they included the wording "or interest in a foreign entity as well".  But I am not sure how I can be making too much of the fact that they included that wording as if the IRS had wanted me to ignore it they would have not put it on the form to begin with.  So I should think the main question is if the workplace pension is an interest in a foreign entity or not?  Although the pension provider has sent me a link to an HMRC government website which states that the UK and USA have an agreement that UK workplace pension providers do not have to comply with FATCA reporting. So it does not have a GIIN number. But at the same time I do not know if you would call it an issuer or counterparty either. Looking forward to your response. With a logical reason why it is one or the other.
@Erbjl - it you are stating your laptop is using Windows 10 and you will not be upgrading your laptop to windows 11, then the options appear to be:   1) use the Online version of Turbo Tax  instead... See more...
@Erbjl - it you are stating your laptop is using Windows 10 and you will not be upgrading your laptop to windows 11, then the options appear to be:   1) use the Online version of Turbo Tax  instead of the Desktop version. 2) use another software provider     
I also have a problem with Windows11.  I have an HP laptop computor which I bought 4 years ago specifically so I could continue to run Turbotax.  I have been using Turbotax for about 9 or 10 years an... See more...
I also have a problem with Windows11.  I have an HP laptop computor which I bought 4 years ago specifically so I could continue to run Turbotax.  I have been using Turbotax for about 9 or 10 years and was pretty satisfied with the results and survice help.  I even used the legal services to get through being audited twice.  Most of my tax information is on the Turbotax system.  My laptop is supposed to work with Windows 11, but for some reason it refuses to install it after I down load the files.  I get some indication that some file is incompatable with the wilndows software downloded to do the conversion. There is no specific indication where the problem is and I have no idea how I can  proceed.  I really do not want to upgrad to windows 11 anyway.  Many of the supposed  software upgrqdes on my Office 19  suite cause me problems as I have several programs set up for my own special needs, and some of the software set ups from some of my older systems do not work well any more.  I am especially trying to avoid using 365 systems (which I have used in my previous work).  They are designed to accommodate several users on a common project, but I am retired now and only working on my own with out colaborating with others.  I would really would like to continue with windows 10 at this point in my life.  Any suggestions would be helpful.   
Thank you for your reply, @pk    Here are the answers to your questions. Which country are you from ?  Is she from the same country ? -- We are both from Japan. When did you enter the US with J-... See more...
Thank you for your reply, @pk    Here are the answers to your questions. Which country are you from ?  Is she from the same country ? -- We are both from Japan. When did you enter the US with J-1 and as what ( student/ trainee/ researcher/ teacher/ prof. / ??) ? -- I entered the US in November 2021 as a researcher. She entered December 2022.   We filed separately as non-resident aliens for 2022, and did joint returns as resident aliens for 2023 and 2024. Please correct me if I am wrong, so she has to file as a dual-status for 2025 as she canceled her visa this year? or non-residend alien for entire year?
No problem.   Glad you’re getting it sorted out.   
This is BS - not supporting Win 10 & Mac OS Ventura - I have both. I will switch to H & R Block. I just checked there download for 2025 Delux version still supports Win 10 & Ma OS 10.15 and forward. ... See more...
This is BS - not supporting Win 10 & Mac OS Ventura - I have both. I will switch to H & R Block. I just checked there download for 2025 Delux version still supports Win 10 & Ma OS 10.15 and forward. It's a shame as I have been using TT for 24 years. I guess we are a small segment of their customer base that are expendable 
I'm pretty experienced with TT and handling of fairly complex taxes, but every time I think I understand clearly how to enter data from the K1& 3 it seems like there is conflicting info.  We have an ... See more...
I'm pretty experienced with TT and handling of fairly complex taxes, but every time I think I understand clearly how to enter data from the K1& 3 it seems like there is conflicting info.  We have an investment where we are limited partners in two separate private equity funds. (not publicly traded) My understanding is that if I have income in more than one of Box 1, 2 and 3, I need to put all information in the first K1, then make separate K1s for each of box 2 and 3 when there is income in either or both.   QUESTION 1:  In one place it said to list everything in Part I AND Part II for each K1 that I do.  Somewhere else it indicates I only to enter the Part I  A &B data along with either box 2 or 3.  IS THIS CORRECT?   On the K3 on page 1, it shows that only Parts 1, 2,3 and 10 apply   QUESTION 2:  When it comes to the data on the K 3, I understand that I need to have separate 'K forms' when there is more than one foreign gross income in columns b,c,d, or e However, one discussion said that with the first K1 with the box 1 number, you could enter from the K3, b,f, and g (f is listed as sourced by partner and g as TOTAL) then with the 2nd K1 you enter Box 2 and c,d, and e I this correct or do I need to make separate k1 for each of the entries in b,c, d, e and maybe g?     Guidance would be seriously appreciated! @RobertB4444       
After getting help from Gabi, I must admit that I'm way off base. The charge on his credit card is coming from Quicken and I did not remember that Quicken was sold off.    I'm so sorry to trouble t... See more...
After getting help from Gabi, I must admit that I'm way off base. The charge on his credit card is coming from Quicken and I did not remember that Quicken was sold off.    I'm so sorry to trouble the community.  Gabi was fantastic and have something else to try.
My residence is TX, but my wife's residence is LA. It appears that LA is a community property state.    My question is, if we file our Federal income tax separately, does she still have to claim my... See more...
My residence is TX, but my wife's residence is LA. It appears that LA is a community property state.    My question is, if we file our Federal income tax separately, does she still have to claim my income in her community property when filing the State income tax?   Because if it doesn't matter how we file Federal, if a portion of my income is factored into her State income tax... then we might as well file jointly.    Thanks for the help!
It usually takes one to two months, but delays often happen (and with the government shutdown, it could possibly be really, really delayed).   However, you would only get something if he had a refu... See more...
It usually takes one to two months, but delays often happen (and with the government shutdown, it could possibly be really, really delayed).   However, you would only get something if he had a refund.  If he has not been paying Child Support, it is often a tactic by the 'ex' to intentionally try to NOT get a refund to avoid/delay paying the Child Support.
@user17636035548 , do you have a question on foreign pension for a US person ?   What type ?  From which country ?  Are you a citizen of that country ?   Please more info you provide the more foc... See more...
@user17636035548 , do you have a question on foreign pension for a US person ?   What type ?  From which country ?  Are you a citizen of that country ?   Please more info you provide the more focused the answer will be .   If you wish you can send me PM  ( just NO PII -- Personally Identifiable Information) --- keeps the interaction/info away from general users.    
@user5924704 , need more info before one can answer -- (a) which visa are you on -- F-1 or what ? (b) when did you enter the country ?  Was this your first entry with this visa in the last 3 year... See more...
@user5924704 , need more info before one can answer -- (a) which visa are you on -- F-1 or what ? (b) when did you enter the country ?  Was this your first entry with this visa in the last 3 years? (c) if you filed a return for year past ( 2024 or 2023) , how did you file ? (d) which country are you from? (e) by "non-tax applied" do you mean that  no taxes were withheld by the disburser of the award? (f) do you have a tax id ( SSN/ ITIN ) ?   I will circle back once I hear from you --yes ?