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I need to amend 2023 tax return. Do I open 2023 on my desktop or 2024?
Scenario: A sole proprietor who is actively participating in printing business that he started in 2024 outside of his main job. During 2024 bought $65,000 worth of equipment for business. Business ha... See more...
Scenario: A sole proprietor who is actively participating in printing business that he started in 2024 outside of his main job. During 2024 bought $65,000 worth of equipment for business. Business had $30,000 in Revenues in 2024 and $15,000 in business related expenses. Also receive W-2 with $95,000 in wages through employment at ABC company as an employee and ABC is not related to the printing business. Want to take Sec 179 on the full cost of the equipment bought in 2024, will there be income limitation on taking Sec 179 under this scenario? Also, if there is an income limitation, will he be able to take 2024 bonus depreciation after Sec 179 and 1st year MACRS after that for Federal purposes? Will it be different for NYS purposes? Thank you.
Thanks for your reply AmeliesUncle!   Re: Sorry for the misunderstanding, but it doesn't go to waste.  It is carried forward until it is eligible to be used (in your case, when Basis is restored). ... See more...
Thanks for your reply AmeliesUncle!   Re: Sorry for the misunderstanding, but it doesn't go to waste.  It is carried forward until it is eligible to be used (in your case, when Basis is restored).   billydbrown: I recognized the partial amount allowed by basis. That's the part that goes to waste because it doesn't change my tax liability. Let me know if I'm missing something.   Re: Form 6198 for At-Risk does not apply and should not be filed.  Some people incorrectly use that to limit Basis (TurboTax does not limit it automatically, you need to do it manually), so some people incorrectly use Form 6198 (At-Risk) instead.  Don't do that.   billydbrown: I'm using my basis to define the limit but good to know I can ignore form 6198.   Re: As for your problem about the error on line 12 of Form 4562, unfortunately, I'm not sure why that line did not auto-populate.  Personally, I would remove the override and then finish the return and check for all other errors.  Then see if something made it auto-populate (and also check if there is more than one 4562 on the return, just in case something is showing up on a separate form).   billydbrown: I think it did auto-populate originally but I overrode it. Now, the software doesn't recognize the override nor does it allow me to cancel it. As mentioned originally, all options in the functions menu (rt click) are greyed out except the bottom "about..." link. There is only one form 4562 in my return. Is this file corruption. OK to delete the form?
@Turbo54913 technical support for Win 10 has not been extended, it ends on Oct 14th 2025, other than ESU which provides critical/important security patches for 12 months.  Some folks argue that count... See more...
@Turbo54913 technical support for Win 10 has not been extended, it ends on Oct 14th 2025, other than ESU which provides critical/important security patches for 12 months.  Some folks argue that counts as "support".  Either way, ESU was known when Intuit made their final decision to drop support for Win 10; since then the only thing that's changed is MS making it free if you backup settings to One Drive, or free in Europe.     No doubt consumer lobbying of MSFT continues... see what happens next few weeks as the Win 10 support deadline passes and Intuit releases the 2025 version.
I filed an extension through TurboTax and sent tax payment amount that I expected would be owed. That number was low and I owed more which TT figured the penalty owed by using the date that I entered... See more...
I filed an extension through TurboTax and sent tax payment amount that I expected would be owed. That number was low and I owed more which TT figured the penalty owed by using the date that I entered I would pay. Coincidentally the same day I filed final tax form.   The electronic filing instructions stated pay by 4/15. This is after I filed an extension and noted paid amount then in TT, so obviously TT should have directed to pay amount noted by day that I entered I would pay (10/2), so that the penalty amount would be correct.   The bigger issue with TT though is that I was directed to send payment, even though the tax I filed through TT directed IRS to withdraw from my bank account directly.
As the subject says: I transmitted my federal and state returns. TurboTax told me that all is good and that I can quit, so I did. After receiving emails that both returns were accepted, I reopened... See more...
As the subject says: I transmitted my federal and state returns. TurboTax told me that all is good and that I can quit, so I did. After receiving emails that both returns were accepted, I reopened the return file, and was surprised to see the "We're ready to file your taxes" screen. In the past TurboTax would display a confirmation that the returns were accepted, but not this year. When I click "Continue", it asks me how do I want to file. OK, so I tell it to e-file and click "Continue" -- now it tells me that returns were transmitted. No hint that they were accepted.  I click "Continue" again, and it asks me again how do I want to file. This loop repeats ad nauseam. What is going on there? Has anyone else run into this?
You may want to contact a Taxpayer Advocate in your area.  See this IRS website for Taxpayer Advocate - https://www.taxpayeradvocate.irs.gov/
Where did you buy it?  There are some unauthorized places selling used License Codes.  Like  BigHomeTax and some  sellers on Amazon.   Authorized Sellers https://ttlc.intuit.com/turbotax-support/e... See more...
Where did you buy it?  There are some unauthorized places selling used License Codes.  Like  BigHomeTax and some  sellers on Amazon.   Authorized Sellers https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/obtain-authentic-turbotax-programs/L1yYfitCw_US_en_US?uid=lv4rnzmq
I just called support 800-446-8848.  In short, the tech wasn't able to help. -I gave him my license code below, which appears directly from my account. -he said that license code was cancelled, a... See more...
I just called support 800-446-8848.  In short, the tech wasn't able to help. -I gave him my license code below, which appears directly from my account. -he said that license code was cancelled, and that the email registered with the license code doesn't match what I told him.  I asked 'how does one cancel it?" -I told him I bought it from another retailer and will  have to find the receipt.  I asked: When I find it, do I call back for help?    Something about "We guarantee 60 days support for product..." Anyway, I'll just assume he's not very helpful, find my receipt, and call again and hope to get someone more helpful.    
just tried, alas, they closed this door; it again sends you to that loop of unrelated options. Is there some legit way to contact them? How can an organization take our money without any possibilit... See more...
just tried, alas, they closed this door; it again sends you to that loop of unrelated options. Is there some legit way to contact them? How can an organization take our money without any possibility to contact them in case of their problems.
Thanks for the link.  Downloaded installed.  After starting program, it had to update.  Restarted, and license window comes up, detects my existing license, and same Error 605.   I guess I'll hav... See more...
Thanks for the link.  Downloaded installed.  After starting program, it had to update.  Restarted, and license window comes up, detects my existing license, and same Error 605.   I guess I'll have to call tech support now.  Thank you!  [photo removed]
Hello, thanks for the update. Can you try downloading from this link here? https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/ If that doesn't work, it may be best to contact us ... See more...
Hello, thanks for the update. Can you try downloading from this link here? https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/ If that doesn't work, it may be best to contact us so an expert can get a look at your specific situation: What is the TurboTax phone number? 
An extension is an extension of time to file your tax return, not an extension of time to pay the tax that you owe. The payment due date of April 15 is correct. The penalty for late payment is based ... See more...
An extension is an extension of time to file your tax return, not an extension of time to pay the tax that you owe. The payment due date of April 15 is correct. The penalty for late payment is based on the date of payment, not the date of filing. After the IRS processes your tax return they will probably notice the double payment and send you a refund without your having to do anything. So just wait a couple of months and see if you get the refund.  
I've followed your advice, but no luck.   -Uninstalled my program -Logged onto my account, and the Windows Download button, when clicked, does nothing.  I've tried this in Chrome as well as Edge o... See more...
I've followed your advice, but no luck.   -Uninstalled my program -Logged onto my account, and the Windows Download button, when clicked, does nothing.  I've tried this in Chrome as well as Edge on Windows 11 Pro. (my laptop is patched and current).    
That hasn't been announced.  So still need Windows 11.
With Windows 10 support now extended to October 2026, will TurboTax 25 be able to run on Windows 10?
Hi @swalsh718  Check out this article for any troubleshooting steps you haven't tried yet: How can I fix TurboTax requesting license activation on every launch? 
Hi I am running into the same issue - do we know if the sole proprietor is eligible for this credit? Intuit is not working for us, it’s not generating form 3800 Warmest regards, Rama