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April 2, 2025
1:31 PM
If you have capital losses, they can offset other income. Note that your long term losses in limited to $3000 but any additional amount can be carried forward to future years.
April 2, 2025
1:31 PM
Did she physically work in Alabama?
Yes, she will need to file a AZ return since she physically worked in AZ If she did NOT work physically in AL, then she will need to file a return to cl...
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Did she physically work in Alabama?
Yes, she will need to file a AZ return since she physically worked in AZ If she did NOT work physically in AL, then she will need to file a return to claim any taxes, if any, she had withheld back. To do this, you will include only the taxes withheld and adjust the income to $0
If she DID work physically in AL, then you will include the wages she earned in AL. Since it is combined, when it comes to the AL adjustment income question, you will need to deduct the amount that was for AZ.
April 2, 2025
1:31 PM
The Maryland (MD) Form PV is a Personal Tax Voucher used for payments for Forms 502, 505, estimated tax and extensions, Double check your printed forms and if you don't see it, you can print the one ...
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The Maryland (MD) Form PV is a Personal Tax Voucher used for payments for Forms 502, 505, estimated tax and extensions, Double check your printed forms and if you don't see it, you can print the one in the link if you still need to make your payment. If you used the online payment option you can disregard.
@DONNA 03079
April 2, 2025
1:31 PM
Use this TurboTax cite to File your 2023 taxes
April 2, 2025
1:30 PM
I NEED TO E FILE 7 RETURNS . HOW DO I INCREASE FROM THE 5 RETURNS ALLOWED
April 2, 2025
1:30 PM
For whatever reason the online version is forcing me to use Premium. I assume it's because last year I sold stock. I didn't sell anything this year, so I should only need Deluxe. I cannot find a way t...
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For whatever reason the online version is forcing me to use Premium. I assume it's because last year I sold stock. I didn't sell anything this year, so I should only need Deluxe. I cannot find a way to go back to deluxe. Is there an option I'm just not seeing?
April 2, 2025
1:29 PM
Thanks @VolvoGirl and @RobertB4444. I don't have a Form 2210. I see where it says that the IRS will figure it out for you. Is that the same thing as TurboTax doing the calculation? TurboTax gave me a...
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Thanks @VolvoGirl and @RobertB4444. I don't have a Form 2210. I see where it says that the IRS will figure it out for you. Is that the same thing as TurboTax doing the calculation? TurboTax gave me an amount I owe for the penalty, but I don't know where it got that number.
April 2, 2025
1:29 PM
@maryesettlemyre Worked OK for me, with Desktop Premier on a Windows computer. About all you can do is go back to every form (in the Federal area) that has any state withholding on it, and: ...
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@maryesettlemyre Worked OK for me, with Desktop Premier on a Windows computer. About all you can do is go back to every form (in the Federal area) that has any state withholding on it, and: 1) Edit each form to make sure you didn't double-enter any $$ amounts for state withholding. 2) if you downloaded any form twice, (like a W-2 or a 1099-R), then you may have the form entered twice, and you may need to delete the duplicate. OR...if none of that works: 3) Delete every form that you entered that has state withholding on it. ...3a) Check that the NC forms no longer show any state withholding .....3b) Then re-enter every form you deleted and carefully enter the data for each carefully again. DO NOT upload a picture or PDF of any document...TONS of errors are happening if done that way........enter them manually!!!! i.e. <<Enter another way<<<<Type it in myself
April 2, 2025
1:29 PM
You will enter as an Investment sale. To enter as investment sales:
Under Federal Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Saving...
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You will enter as an Investment sale. To enter as investment sales:
Under Federal Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings.
Did you have investment income in 2024? YES
Let's import your tax info Enter a different way
OK, let's start with one investment type Other Continue
Tell us more about this sale REIT SALE Continue
Now, enter one sale for REIT SALE
And continue.
April 2, 2025
1:26 PM
In the Rental Property section, you must Add a New Asset- New rental property. You will see a screen that asks How did you acquire this property?- this is where you indicate the Like-Kind Exchange (...
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In the Rental Property section, you must Add a New Asset- New rental property. You will see a screen that asks How did you acquire this property?- this is where you indicate the Like-Kind Exchange (see below).
April 2, 2025
1:26 PM
My complaint is similar to a lot of others posted here. I have foreign dividends from 2 financial institutions and have been doing the entries over and over again to try to get something to work. I h...
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My complaint is similar to a lot of others posted here. I have foreign dividends from 2 financial institutions and have been doing the entries over and over again to try to get something to work. I have received dividends from 6 countries total and for Japan, I have payments from both financial institutions. I have tried at least a dozen times to get something to work with the main problem being that only one financial institution will appear instead of both so I can't make a choice for what company it came from and it's always the wrong company.. I've tried putting just one country in instead of all 6 but that doesn't work either. I try starting over again and nothing ever works. At this point, I'm totally out of ideas. Any suggestions would be appreciated. Since this is a major complaint EVERY year, you would think that TT would address the issue but that just isn't the case. I'm going to try another tax preparation software next year or maybe have a professional (other than Turbo Tax) do it. Maybe if we all quit buying it, they would do something.
Topics:
April 2, 2025
1:26 PM
1 Cheer
1. Yes. Since you were a nonresident the entire year, MFS is allowed for CA. See Filing Status.
2. Yes- with a caveat. CA FTB community property states: California is a community property state. Wh...
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1. Yes. Since you were a nonresident the entire year, MFS is allowed for CA. See Filing Status.
2. Yes- with a caveat. CA FTB community property states: California is a community property state. When filing a separate return, each spouse/RDP reports the following:
One-half of the community income
All of their own separate income
Community property rules apply to the division of income if you use the married/RDP filing separately status.
3. The mock federal of MFS. The IRS will share the actual joint return that was filed with CA.
4. Mail in the state. She needs to sign and date, attach all required forms and mail with tracking- no signature required.
April 2, 2025
1:26 PM
April 2, 2025
1:25 PM
Can you get to your 1099-SSA screen using the search function?
Click on the search icon in the upper right of your TurboTax screen
Type "SSA-1099" in the search bar
Click on the link "...
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Can you get to your 1099-SSA screen using the search function?
Click on the search icon in the upper right of your TurboTax screen
Type "SSA-1099" in the search bar
Click on the link "Jump to SSA-1099"
April 2, 2025
1:25 PM
Please clarify your question.
Is this on separate W-2s?
Do you do two very different tasks?
Please contact us again to provide some additional details.
April 2, 2025
1:25 PM
1 Cheer
You use the same form 1041 to amend the return. You prepare a new, corrected one and then check the amended box on the top of page one. You need to included a copy of the original return when you mai...
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You use the same form 1041 to amend the return. You prepare a new, corrected one and then check the amended box on the top of page one. You need to included a copy of the original return when you mail it in:
April 2, 2025
1:24 PM
I opened my 2023 TurboTax edition to try and locate my AGI, I know where I would find it on a physical tax form, but cannot locate it. I know that I will need it when I complete my taxes. Can you hel...
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I opened my 2023 TurboTax edition to try and locate my AGI, I know where I would find it on a physical tax form, but cannot locate it. I know that I will need it when I complete my taxes. Can you help? Thank you! Katje
April 2, 2025
1:24 PM
re
where to record loss on a REIT liquidation
April 2, 2025
1:23 PM
I am having the same issue now. The program won't allow me to efile until I fix this issue but I am not sure how. How did you solve this problem?
April 2, 2025
1:23 PM
I have 16 acres tree farm. I last sold trees in 2005 and had to claim the profit as income. I replanted and now the trees are 19 years old and were hit by hurricane Helene. I have lost about 40 tr...
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I have 16 acres tree farm. I last sold trees in 2005 and had to claim the profit as income. I replanted and now the trees are 19 years old and were hit by hurricane Helene. I have lost about 40 trees, 70 feet high x 12" to 18" diameter. I am trying to claim a loss on Turbo-Tax by way of farm income/loss, I have no income for 2024, so Turbo-Tax is not allowing any loss. How should I report my protentional loss for 2024, since I will not harvest these trees for another 10 years?
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