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I need to file a Form 5695 for windows
what form is used for depreciation for rental property?
If you donated one item, or a group of similar items, with a claimed value of more than $5000, you must have a appraisal from a qualified appraiser, the appraiser signs form 8283, and you must also g... See more...
If you donated one item, or a group of similar items, with a claimed value of more than $5000, you must have a appraisal from a qualified appraiser, the appraiser signs form 8283, and you must also get form 8283 signed by an responsible person from the charity confirming the donation.  If you did not get an appraisal before a large donation, you can't claim a value of more than $4999. 
I have alot of expenses
Your Federal estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you pa... See more...
Your Federal estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you paid by following these steps: Open your tax return Click on Federal in the left-hand column, then Deductions & Credits Navigate to the list of Deductions and Credits  Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right  Click on Start next to Estimated Tax Payments On the next page, click Start next to Federal estimated taxes for 2025 (form 1040ES)
Yes, you can still claim them since they are considered a full-time student for tax year 2025, assuming you meet all of the other requirements.    The rule is that the student has to be enrolled at... See more...
Yes, you can still claim them since they are considered a full-time student for tax year 2025, assuming you meet all of the other requirements.    The rule is that the student has to be enrolled at least one day of any 5 months, so since they were a student the first 5 months, they are still a dependent.   IRS definition. Yes,  they have to file their own return and since you can still claim them, they must check  “Someone can claim me as a dependent” on their return.         No, the 1098-T and the 1099-Q do not have to be entered - they are informational documents and not required to be entered unless they have an effect on your return.    No one can claim the AOTC since that has been claimed for the student for 4 years.   Since you, the parents, can claim the child, you may be able to benefit from the Lifetime Learning Credit (LLC).   You can apply the 1099-Q to the tuition and that leaves $3k (or more), available for the LLC - and since the 1099-Q was used for qualified expenses, you do not have to report the 1099-Q at all.   It only becomes reportable if there are taxable earnings.     And you only need to include the 1098-T if you end up claiming the LLC credit.    Whether it is worth it for you to claim the credit depends on your MAGI and your tax liability.  The details are in the link I posted above. Who can I claim as a dependent?
Velux has indicated that they do NOT provide QMID becuase they chose not to pay for the service.  But the skylights are noted in NERC as meeting the requirements.  Just no QMID.  So we're stuck with ... See more...
Velux has indicated that they do NOT provide QMID becuase they chose not to pay for the service.  But the skylights are noted in NERC as meeting the requirements.  Just no QMID.  So we're stuck with federal clearance but the company not choosing to participate.  
To enter, edit or delete estimated taxes paid (Federal, State, Local) - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work ... See more...
To enter, edit or delete estimated taxes paid (Federal, State, Local) - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimates, click on the start or update button
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finish... See more...
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - 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.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.   To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. 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_...
I've checked every day for the past 10 days, but still get the same error message, and it won't let me file my return without it. Long-term TT user, but ready to jump ship.
What form are you entering and where? We need more information.
I entered your numbers into my sch A. The 1116 pulled all but the charity through for me. On the desktop version, you can directly enter the charity onto the form. I was able to get through without a... See more...
I entered your numbers into my sch A. The 1116 pulled all but the charity through for me. On the desktop version, you can directly enter the charity onto the form. I was able to get through without an issue. I can't figure out why yours is not coming through unless an update issue. I suggest you delete the form 1116, save your return. Update. You may have to update several times since you may not do it every day like me. Then, try again.   The final situation would be to switch to forms mode and type in the missing information. If you need to do an override, you will need to go back through step by step and see if you can force the program to hold the numbers. Then you can cancel the override and the numbers should stay.
Entering Royalties into TT Premier Desk Top (directly on Royalty 1099-MISC entry page. Enter my name, Enter Payer's Name, EIN, Box 2 amount. no check in box for other info 1-18 or FATCA. Historically... See more...
Entering Royalties into TT Premier Desk Top (directly on Royalty 1099-MISC entry page. Enter my name, Enter Payer's Name, EIN, Box 2 amount. no check in box for other info 1-18 or FATCA. Historically that completed the entry for a 1099-MISC Royalty. Press continue and select Royalty investment income. Press continue and get "Select or enter the royalty that earned this income" with red box below with red triangle and "We need some required info". Then "We'll include this 1099-MISC royalty income in the Royalty Income section (Schedule E) of your return. You can add other not on 1099-MISC later.  followed by another Red triangle "Needs info.    I don't recall anything like this in previous years. Need a clue. Is it asking the source of the royalty? Oil? Gas? and if so why isn't this asked on the entry page???  
In TurboTax Deluxe, I see 'Wells Fargo' and 'Wells Fargo Clearing Service'.  For 'Wells Fargo' I get a message that documents are not ready for import until Feb. 13.  For 'Wells Fargo Clearing Servic... See more...
In TurboTax Deluxe, I see 'Wells Fargo' and 'Wells Fargo Clearing Service'.  For 'Wells Fargo' I get a message that documents are not ready for import until Feb. 13.  For 'Wells Fargo Clearing Service', a separate browser window opens to enter credentials.  If this is the path you're following, please share what happens next and we'll try to help.   Since the IRS has copies of all your 1099's consider using the Summary Method if you're unable to import.   @chinsinhawaii