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TurboTax can only give you an estimate for when the federal tax refund will arrive, based on the IRS 21 day average for issuing a tax refund after receiving the tax return.   Only the IRS and you... See more...
TurboTax can only give you an estimate for when the federal tax refund will arrive, based on the IRS 21 day average for issuing a tax refund after receiving the tax return.   Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.   If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
If the income is entered under IRS form 1099-NEC, and you choose Self employment income, a self-employment activity on Schedule C will be established.     You would add the income to the self-emp... See more...
If the income is entered under IRS form 1099-NEC, and you choose Self employment income, a self-employment activity on Schedule C will be established.     You would add the income to the self-employment activity and report the relocation expenses.  One will offset the other and no self-employment activity will be reported.     You may also have to upgrade to another version of TurboTax.   Establish the self-employment activity by following these steps:   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages and Income. Scroll down to Self-employment.  Click to the right. Click on Start / Edit/Add to the right of Self-employment income and expenses. You will go through several screens that create your self-employment activity and add income and expense. Hobby income will report the income on Schedule 1 line 8z and IRS form 1040 line 8.     No self-employment income or expense is reported.   I recommend reporting the income by following these steps:   Select Federal from the left side menu. Click on Wages & Income. Scroll down to Less Common Income.  Click the down arrow to the right. Click Start / Revisit to the right of Miscellaneous income…. Click Start / Revisit to the right of Other reportable income. At the screen Any other taxable income? select Yes. Select Add and enter the income and description of the income. The income will be reported on Schedule 1 line 8z and IRS form 1040 line 8.  
Instead of entering $1 which triggers the forms you can enter $0.25 which tells the system you received rent but not enough to even enter on a tax form.  It will avoid generating unnecessary forms. ... See more...
Instead of entering $1 which triggers the forms you can enter $0.25 which tells the system you received rent but not enough to even enter on a tax form.  It will avoid generating unnecessary forms.    
If you saved a PDF copy of your return, the first page should be 'Filing Instructions'.  This will have info about how you elected to pay your tax bill with bank account numbers.   @Solosoyuna 
In looking at the 8824 Like Kind Worksheet, because the 1031 exchange property purchase price was significantly more than the rental half of duplex sale price, it lists on line 15F 'Cash Given' figur... See more...
In looking at the 8824 Like Kind Worksheet, because the 1031 exchange property purchase price was significantly more than the rental half of duplex sale price, it lists on line 15F 'Cash Given' figure and AMT 'excess basis' to be added to basis of new purchase. Not sure if that is why additional taxes owed even though says I'll have to pay that later in sale of new rental property?  Trying to figure out why more taxes owed so sharing that data. Thanks, Adam
I sold off all my shares through Charles Schwab of ISHARES BITCOIN ETF. I got my 1099-B Form and it worked fine importing this from TurboTax but on the state of PA TurboTax keeps asking for date acqu... See more...
I sold off all my shares through Charles Schwab of ISHARES BITCOIN ETF. I got my 1099-B Form and it worked fine importing this from TurboTax but on the state of PA TurboTax keeps asking for date acquired which there is none listed. Kinda frustrating since its such a small amount  
And when I go on IRS tracker this morning it says I’ve tried to many attempts today
No.  Not online   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll ... See more...
No.  Not online   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF)   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.   Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript   For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf
Thank you!!   All done.
To print your tax return in portrait instead of landscape, you will need to address this in your printer settings. You will have to change the orientation to portrait.    If you are using a Turbo... See more...
To print your tax return in portrait instead of landscape, you will need to address this in your printer settings. You will have to change the orientation to portrait.    If you are using a TurboTax Desktop program, you can set it to print to a PDF first to fix your printer layout settings. Go to File > Save to PDF (or Print to PDF).    Make sure your margins in your printer settings are set to the default formatting. Sometimes this helps with orientation issues.   Also make sure your paper size in your printer settings is correctly set.    If you are using TurboTax Online, you can also access the Print Center by clicking on Tax Tools to re-generate the PDF for printing so you can fix your printer orientation.    
If there are no state taxes withheld in box 17 of the W-2, then leave boxes 15, 16 and 17 blank (empty) on the TurboTax W-2.   If this does not clear the problem, delete the W-2 and re-enter manu... See more...
If there are no state taxes withheld in box 17 of the W-2, then leave boxes 15, 16 and 17 blank (empty) on the TurboTax W-2.   If this does not clear the problem, delete the W-2 and re-enter manually.
On your 1099-INT, if box 17 is empty, this means that you have no state tax withheld. In this case, you can safely leave boxes 15 and 16 empty on the entry screen, even if they are filled on the pape... See more...
On your 1099-INT, if box 17 is empty, this means that you have no state tax withheld. In this case, you can safely leave boxes 15 and 16 empty on the entry screen, even if they are filled on the paper form.
COMO PUEDO ENMENAR
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   When you sign onto your o... See more...
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2025 online tax return to make your changes.
You are correct. The IRS uses "Qualified Dividends" in two ways. While the definitions overlap, each has its own set of requirements to meet. 
For rental property the alternative minimum depreciation (AMT) and regular depreciation will be the same number.   Make sure you selected 'Special Handling' so that the asset sale gains do not mo... See more...
For rental property the alternative minimum depreciation (AMT) and regular depreciation will be the same number.   Make sure you selected 'Special Handling' so that the asset sale gains do not move to the tax return.  Here is a step-by-step entry to review.   When you have your TurboTax return open you can use the following steps to update the original assets for the exchange. First use the Search (upper right) > Type rentals > Press enter > Click on the Jump to... link Or Wages & Income > Rental Properties and Royalties > Update > Continue to Rental and Royalty Summary > Edit the property Scroll to Assets/Depreciation  > Click Update > Select 'Edit' next to each asset Edit beside each asset > Continue to the Tell Us About This Rental Asset Select the checkbox beside 'This item was sold, retired, .... traded in ....etc. > enter the date it was traded (sold/retired) If you did replace your rental in the trade with a new rental: You can choose not to select this and just change the name of the assets given up in the trade to identify them with the new property. The depreciation for the year will not change on these assets. Answer the question about whether it was 100% business > Leave the original date it was placed in service (may be purchase date or later depending on your circumstances) Continue to the screen 'Confirm Your Prior Depreciation'   The amount displayed is only for prior years and does not include the current year.  Continue until you see the current year amount displayed and make a note to add the two amounts together for the Section 1031 like kind exchange. This completes the asset portion of the trade. Answer 'Yes' to Special Handling. Next you will complete the like kind exchange, Form 8824 (Section 1031 exchange): Use the Search (upper right) > Type like kind > Press enter > Click on the Jump to... link Select the checkbox beside 'Any additional like-kind exchanges (section 1031)' > Continue Complete the information for the 'Real estate given up'  and 'Like-Kind Property Given Up' > Continue Name the event > Continue > Complete the information for the 'Like-kind property received' If you did not give unlike property in the exchange click 'No' and  continue past these screens, if 'Yes' answer the questions. Enter any exchange expenses (sales expenses) > Continue to see your deferred gain. @psyadam 
Yes.  If you are over age 59-1/2 and your Roth was opened more than 5 years ago, there is no reason to ask, but maybe the program is set up to require an answer on the internal worksheet.  If you are... See more...
Yes.  If you are over age 59-1/2 and your Roth was opened more than 5 years ago, there is no reason to ask, but maybe the program is set up to require an answer on the internal worksheet.  If you are under age 59-1/2 or your Roth IRA is less than 5 years ago, the question must be asked.   If you know your withdrawals are qualified, you can just enter a reasonable estimate, it won't change your tax return.    Also note that a Roth account in a 401k or 403b is not the same as an IRA.  If you rolled over or converted money from a workplace plan to a Roth IRA and did not have a Roth IRA before, you just started a separate 5 year clock.    
It's all very fine indeed that TT and brokers have arranged to lock one out from being able to access trades etc prior to end of February.  Anyone notice tax filing date hasn't changed because of co... See more...
It's all very fine indeed that TT and brokers have arranged to lock one out from being able to access trades etc prior to end of February.  Anyone notice tax filing date hasn't changed because of complex reporting requirements?  Used to be a simple csv could be obtained and imported.  Even a PDF should be able to be imported.    
"Up to 5 days early" means you agree to put a third party bank in between you and the IRS, and this middleman bank will credit your refund "up to 5 days" before the IRS would have paid it directly to... See more...
"Up to 5 days early" means you agree to put a third party bank in between you and the IRS, and this middleman bank will credit your refund "up to 5 days" before the IRS would have paid it directly to you.  But this has a fee and you will be charged even if your refund is only delivered 1 day early.  See here. https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund-advance/turbotaxs-five-days-early-refund-delivery-options/L9U8ngZlH_US_en_US   If you did not file yet, you can go through the filing interview and change your choices.  If you already filed, then you must have clicked "yes" or "ok" on the option even if weren't paying attention.  Refunds may not be available if you agreed to the service, you would have to call customer support and talk to them directly.