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December 10, 2025
8:08 AM
@user17653808496 wrote: ....taxed at my capital gains rate (0%) or at my income tax rate (TBD, but let's say 25%). They're taxed at your marginal rate (the "let's say" 25%) after the threshol...
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@user17653808496 wrote: ....taxed at my capital gains rate (0%) or at my income tax rate (TBD, but let's say 25%). They're taxed at your marginal rate (the "let's say" 25%) after the threshold is exceeded (which I believe is $2700).
December 10, 2025
7:54 AM
Looking for some clarification. My 2025 MAGI will be over $260k once I complete a $40k Roth conversion this month (Dec 2025). If I withhold 24% of the conversion, only $30,400 rolls into my Roth an...
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Looking for some clarification. My 2025 MAGI will be over $260k once I complete a $40k Roth conversion this month (Dec 2025). If I withhold 24% of the conversion, only $30,400 rolls into my Roth and the remaining $9600 pays the federal taxes. Some questions: 1) I'm assuming since I do a withholding, there's no underpayment penalty? Am I correct? 2) Can I then use my separate savings account to put $9600 into the Roth (60-day rollover) and not incur any penalty? This way, I get the full $40k into the Roth. 3) Is that $9600 capped because my MAGI is large this year? In other words, is the $9600 considered a Roth contribution, rollover, or what is it actually? I think it's a rollover because I'm assuming the 60-day rollover allows this, but this is where I get confused. 4) How will TT treat the $9600 rollover? There's no document because I'll be using my bank account. I do realize this rollover strategy is only allowed once in 12 months. I didn't do this last year so I think I'm good there. Many thanks to all!!
December 10, 2025
7:50 AM
Thanks for your reply.
December 10, 2025
7:49 AM
What 2024 info did you you add? Last week the Online version was only for 2025 returns. Online for 2024 closed Oct 31. Did you buy the 2024 Desktop download program? Did you install it and activ...
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What 2024 info did you you add? Last week the Online version was only for 2025 returns. Online for 2024 closed Oct 31. Did you buy the 2024 Desktop download program? Did you install it and activate it with the 16 digit License Code? If you are doing a 2024 return it is only kept on your computer, not online.
December 10, 2025
7:45 AM
That worked! (Haven't checked to see if I can print it yet.) Thank you.
December 10, 2025
7:40 AM
I want to re-balance my child's stock portfolio, but it would trigger more than $13,000 but less than $98,000 in capital gains. I don't have any capital gains myself this year, would those capital ga...
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I want to re-balance my child's stock portfolio, but it would trigger more than $13,000 but less than $98,000 in capital gains. I don't have any capital gains myself this year, would those capital gains be taxed at my capital gains rate (0%) or at my income tax rate (TBD, but let's say 25%).
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December 10, 2025
7:40 AM
You should contact Support to make sure an Expert can assist you. https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US
December 10, 2025
7:38 AM
See https://tax.illinois.gov/forms/incometax/currentyear/individual/il-1040-x-instr.html You'll have to print and mail the return.
December 10, 2025
7:36 AM
Contact Support. https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US
December 10, 2025
7:35 AM
If you closed and received the proceeds prior to relocating to Illinois, then Illinois cannot tax your gain. If you closed and received proceeds while a (part-year) resident of Illinois, you shou...
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If you closed and received the proceeds prior to relocating to Illinois, then Illinois cannot tax your gain. If you closed and received proceeds while a (part-year) resident of Illinois, you should be able to get a tax credit for any tax you paid to Missouri on the transaction (Schedule CR, IL-1040).
December 10, 2025
7:29 AM
@billdayreef wrote: .........whatever prior depreciation I took would be irrelevant, correct? Well, it's the cumulative amount of depreciation allowed or allowable. As a result, if you too...
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@billdayreef wrote: .........whatever prior depreciation I took would be irrelevant, correct? Well, it's the cumulative amount of depreciation allowed or allowable. As a result, if you took more than what was allowable by the Code and Regs, you would report that amount.
December 10, 2025
7:25 AM
I just sold my house in Missouri and I am moving to Illinois. Will I owe Illinois long term capital gain tax on what was earned for my house sale in Missouri?
December 10, 2025
7:24 AM
1 Cheer
Yes, it's an installment sale but if you're using the online version of TurboTax, you'll have to upgrade to Premier.
December 10, 2025
7:22 AM
You can contact Support: https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US
December 10, 2025
7:21 AM
@Wanncorp11 wrote: The value of this product is limited to windows 10 users.... To quote baldietax: Desktop is only 1% of their revenues so they don't care about the loss of low revenue u...
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@Wanncorp11 wrote: The value of this product is limited to windows 10 users.... To quote baldietax: Desktop is only 1% of their revenues so they don't care about the loss of low revenue users on desktop as long as their online/live revenue continues to grow, etc etc.
December 10, 2025
7:17 AM
1 Cheer
@rjk2 wrote: Only if you use their crappy web browser version. Which is all that's going to be available in a few years. You need to adjust.
December 10, 2025
7:16 AM
1 Cheer
@rjk2 wrote: Windows 11 is bloated, bug-riddled spyware. Milllions of Windows users are NOT going to junk perfectly good hardware to use your crap software. They don't really care all that mu...
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@rjk2 wrote: Windows 11 is bloated, bug-riddled spyware. Milllions of Windows users are NOT going to junk perfectly good hardware to use your crap software. They don't really care all that much. Read the following sentence from baldiebax's post: Desktop is only 1% of their revenues so they don't care about the loss of low revenue users on desktop as long as their online/live revenue continues to grow, etc etc.
December 10, 2025
7:11 AM
@pdmacri wrote: Can you keep it for a small fee? There are already third-party solutions available, some for a small fee and some with no charge. Try Deductible Duck. If Intuit felt enou...
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@pdmacri wrote: Can you keep it for a small fee? There are already third-party solutions available, some for a small fee and some with no charge. Try Deductible Duck. If Intuit felt enough users paying a small fee would justify maintaining the program, it would likely still be around.
December 10, 2025
7:01 AM
1 Cheer
@DaveinCharlotte1 wrote:
Where exactly does one FIND this "What-If" worksheet (let alone print it)? Have looked through all my Forms, Tools, and Help and can't find it anywhere. I see numerous...
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@DaveinCharlotte1 wrote:
Where exactly does one FIND this "What-If" worksheet (let alone print it)? Have looked through all my Forms, Tools, and Help and can't find it anywhere. I see numerous references to this worksheet in these forums, so I know it's here somewhere! I'm using TT 2024 Desktop Win11.
Using the desktop edition for Windows, click on Forms. When in Forms mode, click on Open Form in the upper left of the Forms mode screen. Type in What-If and then click on the result to open the worksheet.
December 10, 2025
6:40 AM
2 Cheers
ESU is critical/important security fixes only - many regard that as sufficient "support" which is fine but technical "Windows 10 support has ended" - see https://www.microsoft.com/en-us/windows/exten...
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ESU is critical/important security fixes only - many regard that as sufficient "support" which is fine but technical "Windows 10 support has ended" - see https://www.microsoft.com/en-us/windows/extended-security-updates At this point tho the technical details are a bit moot as it's clear Intuit's decision wasn't entirely for technical reasons, they waffled about security but also indicated they didn't project enough users left on Win 10; and whether their projections are right or wrong doesn't matter much either, as desktop is only 1% of their revenue and in decline, and they are clearly strategically pushing towards online with 3 different offers now for discounts for desktop/ItsDeductible users to try online, the most recent offer email apparently entitled "The future of tax filing is Online" https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-software-end-of-life/05/3708302 The combination of ending support for Win 10, ItsDeductible, MAC OS 13, Basic edition, plus the gammit of online offers will probably put a significant dent in desktop user base from 4mil to closer to 3mil I would guess, we'll see next year how it all shakes out (this is compared to 35-40mil online/live "units" with 20x revenue). The H/W issue won't go away in 10 months (unless MS extends ESU) - but there are workarounds to allow Win 11 to install on "incompatible" but otherwise viable H/W. The other option is a Win 11 VM and run Turbotax there. Not sure the technical details of these options but they are presumably widely documented elsewhere. Otherwise if online is not an option (agree) then it's off to HRB or TaxAct. Good luck.
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