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No, you cannot claim the Child Tax Credit (CTC) or the Additional Child Tax Credit (ACTC) if you have $0 in earned income for 2024 or 2025.    While you meet the relationship and residency tests ... See more...
No, you cannot claim the Child Tax Credit (CTC) or the Additional Child Tax Credit (ACTC) if you have $0 in earned income for 2024 or 2025.    While you meet the relationship and residency tests as a grandmother, the "refundable" portion of the credit (the part that sends you a refund when you owe no tax) requires a minimum of $2,500 in earned income (wages or self-employment) per year. Without any reported earnings, the credit isn't available.
I use two different personal vehicles for business use. This past tax year I only use one of them for business. T-Tax keeps asking for MACRS information even though it was placed in service in 2009, ... See more...
I use two different personal vehicles for business use. This past tax year I only use one of them for business. T-Tax keeps asking for MACRS information even though it was placed in service in 2009, I entered 0 business miles this year and I have only used the standard mileage deduction. I did not sell the vehicle. I will be using it this year for business so I don't want to say that I stopped using it. Is it ok to say I stopped using it for last year as I will be using it this year?
To enter estimated tax paid in 2025  Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates
No one has access to your tax return.   SALE OF HOUSE   If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on yo... See more...
No one has access to your tax return.   SALE OF HOUSE   If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the gain in to another house is irrelevant.  If you  have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss) If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).   If you are using online TT, you need Premium software to report the 1099-S   TO ENTER THE SALE OF YOUR PRIMARY HOME Start with Federal  Click on Wages and Income  Select Choose what I work on Scroll down to Less Common Income On Sale of Home (gain or loss),  Click the start or update button   NOTE:   If you have ever used the home as rental property or claimed a home office, you have more information to enter  
Hello TurboTax community.  Few days ago I wrote a message in this community board,  that I had  a problem for TurboTax communicate and download tax information from Merrill Edge account. Finally, I ... See more...
Hello TurboTax community.  Few days ago I wrote a message in this community board,  that I had  a problem for TurboTax communicate and download tax information from Merrill Edge account. Finally, I found a problem and was download tax information and finished my 1040 tax return by using TurboTax.  Bank of America becomes crazy with computer security and introduced few extra steps when TurboTax asking for connection with Merrill Edge account.             Merrill Edge issued downloadable tax files 4 (four) days later after it issued Consolidated 2025 tax report in PDF format. So, for 4 days TurboTax was not able to establish communication with Merrill Edge.             I made a few steps with my Windows and Google Chrome settings: VPN off, Block Third Parties OFF, Pop-Ups permitted.             The Merrill Edge send a Pop-Up message on my screen,  after all few security steps were accepted by Merrill. This Pop-Up had a strange address and “Block” and “Allow” points. I accidently clicked “Block” and this caused all problems with downloading of the tax files.             So, to fix this “Block” issue I went to Merrill Edge account. Security Settings- Third Parties Access. It had “Intuit” permission to communicate (?). “Remove” this permission  and Off from account.             Started communication between TurboTax and Merrill Edge again and clicked “Allowed” when this Pop-up showed up again. Minimized Google Chrom window and TurboTax windows with permition to download few tax files was shown. I hope that my message will help someone who had problem for communication between TurboTax and Merrill. Regards, Joseph 
Both sellers are alive and we need to know how o handle the sale of our home
It sounds like the 1099-R may have been coded 1 in Box 7- Early distribution, no known exceptions.  If that is correct, the 10% penalty applies.  If it is not correct, and the conversion occurred AFT... See more...
It sounds like the 1099-R may have been coded 1 in Box 7- Early distribution, no known exceptions.  If that is correct, the 10% penalty applies.  If it is not correct, and the conversion occurred AFTER she turned 59.5 in June, you should ask for a corrected 1099-R, with Code 7 in Box 7. If they refuse, adjust it yourself, then after entering the 1099-R check the box next to I need to file a substitute 1099-R and complete the interview questions. When you change from code 1 to 7, you'll also get  a question to check if you did withdraw the money early.    
For 2025, you will enter the AGI for the primary taxpayer when requested.  If you need to see the AGI for the other spouse to enter it you can access the transcript for 2024 for either or both of you... See more...
For 2025, you will enter the AGI for the primary taxpayer when requested.  If you need to see the AGI for the other spouse to enter it you can access the transcript for 2024 for either or both of you.   If your tax return has been accepted you might also be able to access your transcript from the IRS. Get My IRS Transcript
Hello TurboTax community.  Few days ago I wrote a message in this community board,  that I had  a problem for TurboTax communicate and download tax information from Merrill Edge account. Finally, I ... See more...
Hello TurboTax community.  Few days ago I wrote a message in this community board,  that I had  a problem for TurboTax communicate and download tax information from Merrill Edge account. Finally, I found a problem and was download tax information and finished my 1040 tax return by using TurboTax.  Bank of America becomes crazy with computer security and introduced few extra steps when TurboTax asking for connection with Merrill Edge account.             Merrill Edge issued downloadable tax files 4 (four) days later after it issued Consolidated 2025 tax report in PDF format. So, for 4 days TurboTax was not able to establish communication with Merrill Edge.             I made a few steps with my Windows and Google Chrome settings: VPN off, Block Third Parties OFF, Pop-Ups permitted.             The Merrill Edge send a Pop-Up message on my screen,  after all few security steps were accepted by Merrill. This Pop-Up had a strange address and “Block” and “Allow” points. I accidently clicked “Block” and this caused all problems with downloading of the tax files.             So, to fix this “Block” issue I went to Merrill Edge account. Security Settings- Third Parties Access. It had “Intuit” permission to communicate (?). “Remove” this permission  and Off from account.             Started communication between TurboTax and Merrill Edge again and clicked “Allowed” when this Pop-up showed up again. Minimized Google Chrom window and TurboTax windows with permission to download few tax files was shown. I hope that my message will help someone who had problem for communication between TurboTax and Merrill. Regards, Joseph 
what is the amount per km that i can claim for medical travel in Nova Scotia?
Afin que nous puissions vous offrir une solution approprié à votre situation, nous aurons besoin de plus de détails.   Veuillez noter que les versements anticipés pour le maintien à domicile des ... See more...
Afin que nous puissions vous offrir une solution approprié à votre situation, nous aurons besoin de plus de détails.   Veuillez noter que les versements anticipés pour le maintien à domicile des aînés (70 ans et plus) permettent de recevoir, chaque mois, une partie du crédit d'impôt remboursable, plutôt que d'attendre la déclaration de revenu. Donc il est normal que, lorsque vous entrez les renseignements, le crédit que vous devriez recevoir est réduit vu qu'une portion vous a déjà été attribuée pendant l'année.   Merci de choisir TurboImpôt.
I'm a grandma that haven't worked in the last 2 years but always claim these three Independents since birth can I claim the child credit even though I don't have no income for these 2024 and 2025
To correct the real estate tax amounts that were doubled, review your Form 1098 entries as well as your Schedule A to adjust the property tax amounts, following these steps:   In your Deductio... See more...
To correct the real estate tax amounts that were doubled, review your Form 1098 entries as well as your Schedule A to adjust the property tax amounts, following these steps:   In your Deductions and credits, go to Mortgage interest, Form 1098 (or type form 1098 in the search box at top right and click on jump to form 1098) In the "Let's get the details from your 1098", scroll down to the box below Box 5 to find, " Property (real estate) taxes" Ensure if there is an amount there, it is also not included separately on your Schedule A, (type Schedule A in search and, then click jump to schedule a)  Ensure that any amount in the "Enter the property tax you paid in 2025" does not already include the amounts shown on your two Form 1098s
Hello,  This is my situation: My 2024 foreign tax credit carryover is $344 My 2025 foreign taxes paid are $345 (from 1099-DIV) I am not claiming any foreign tax credit in 2025, so Schedule 3 sho... See more...
Hello,  This is my situation: My 2024 foreign tax credit carryover is $344 My 2025 foreign taxes paid are $345 (from 1099-DIV) I am not claiming any foreign tax credit in 2025, so Schedule 3 shows 0 I want to preserve both the 2024 and 2025 carryovers for future years Given that: Should I still file Form 1116 in 2025 to preserve these carryovers, even though the allowed credit is zero? Do I need to file any of the supporting worksheets, such as the Foreign Tax Credit Computation Worksheet, or are those for my recordkeeping only? Is it expected that the Foreign Tax Carryover *Reconciliation* Schedule may not generate when there is only a simple carryover situation like this? Also, in TurboTax Desktop, Form 1116 and the computation worksheet only print individually from Forms Mode and do not appear in any full print packet. I want to confirm what actually needs to be filed before contacting support about this behavior. Many thanks!
@user17728355720 wrote: I know I have to recapture the depreciation I never claimed but do I still have to file form 3115? You might as well or you'll have to recapture the depreciation you s... See more...
@user17728355720 wrote: I know I have to recapture the depreciation I never claimed but do I still have to file form 3115? You might as well or you'll have to recapture the depreciation you should have claimed with no offfset.
Anybody have a suggestion as to why this is happening??????
@MindyB    Then what would be the correct number to use to apportion to each state I resided in 2025? Do I still just use the gross amount from every paycheck.   For example,   Resident of Az i... See more...
@MindyB    Then what would be the correct number to use to apportion to each state I resided in 2025? Do I still just use the gross amount from every paycheck.   For example,   Resident of Az in Jan and Feb Resident of UT in Mar through Aug   Can I just take gross amount from Jan+Feb and allocate it to AZ take gross amount from Mar->Aug and allocate it to UT