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Is it asking me to igonore my gains completely and just enter the proceeds for items sold at a loss or no gain?
If you used TurboTax the previous year, your capital loss carryover is generally automatically transferred to this year's tax return.   If it is not transferred and you know your capital loss car... See more...
If you used TurboTax the previous year, your capital loss carryover is generally automatically transferred to this year's tax return.   If it is not transferred and you know your capital loss carryover, you can enter it in TurboTax.   To do this in TurboTax Online, please follow these steps: Click on Federal on the left-hand panel, then on Wages and Income Navigate to the list of income categories Locate the Investments and Savings section and click on the arrow on the right Click Start next to Capital loss carryover Follow the interview to enter your capital loss carryover.
Can you help me add my 1040 forms
i thought the simple form was free?
Social Security Income (SSI) is generally not taxable if your combined income (adjusted gross income + non-taxable interest + (1/2) of social security benefits) is $25,000 or less for single filers, ... See more...
Social Security Income (SSI) is generally not taxable if your combined income (adjusted gross income + non-taxable interest + (1/2) of social security benefits) is $25,000 or less for single filers, or $32,000 or less for married couples filing jointly. If income exceeds these thresholds, up to 50% to 85% of benefits may be taxable. 
What I'm saying, Turbotax needs to show the deduction somewhere where we can see it. I spent 45 minutes going back and forth on your software to see what I was doing wrong. I know it's done now autom... See more...
What I'm saying, Turbotax needs to show the deduction somewhere where we can see it. I spent 45 minutes going back and forth on your software to see what I was doing wrong. I know it's done now automatically, but I didn't when I was filling them out.
I too thought it was free, then received a $78 charge at the end. It's annoying.
On a joint tax return (for a married couple filing jointly), it does not matter tax- wise which spouse appears as the Primary taxpayer. The order does not affect your tax credits or tax calculations.... See more...
On a joint tax return (for a married couple filing jointly), it does not matter tax- wise which spouse appears as the Primary taxpayer. The order does not affect your tax credits or tax calculations. But it is advisable to keep the order consistent year-to-year to avoid processing delays.   Both spouses are equally responsible for the accuracy of the return and the taxes due.
You don't have to post anything.  Your date of birth will trigger the credit.   Social Security is still being taxed as it was in the past; however, there's a new $6,000 deduction for individuals o... See more...
You don't have to post anything.  Your date of birth will trigger the credit.   Social Security is still being taxed as it was in the past; however, there's a new $6,000 deduction for individuals older than 65 years old.  Also, a $12,000 deduction would apply to couples who qualify.   The full taxable amount that is included in your taxable income is on line 15 of Form 1040. You will only see the base Standard or Itemized deduction on ‌line 12e. However, the Senior Deduction is reflected on line 13b of Form 1040.  It is reflected on Schedule 1A, Part V, Line 37 There's a new $6,000 deduction for individuals older than 65 years old.  Also, a $12,000 deduction would apply to couples who qualify.   This deduction is for qualified individuals. Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns). Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $75k single, $150k married filling joint for 2025), with deductions phasing out above those levels. Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income.  Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).  For more information, see Deductions for Seniors. If you and your spouse are both 65 or over, everything is evaluated for both of you. The phase-out begins at $75,000 (single) or $150,000 (married filing jointly).  If you (as a couple) had an income under $150,000 there is no phase-out for either of you. If your income is above $150,000, it will affect both of you. The deduction begins to phase out above these limits, fully disappearing at $175,000 for singles and $250,000 for couples. 
i have a capital loss carryover how do i report on turbo tax?