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a month ago
monthly payment plan
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a month ago
@J-Glass64 Nope....2026. And the $300/600 deduction was only for 2020/2021 taxes Now starting in 2026 taxes, it will be $1000/2000
a month ago
TX has no state income tax, so TX will not appear in certain drop down menus. Leave that box blank.
a month ago
Try using the steps in the TurboTax help article below to choose to use itemized deductions instead of the standard deduction. Then, if your overall refund or balance due does not change, that could...
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Try using the steps in the TurboTax help article below to choose to use itemized deductions instead of the standard deduction. Then, if your overall refund or balance due does not change, that could mean that the standard deduction was chosen so that you could file a less complicated return that did not include Schedule A.
How do I change from the standard deduction to itemized (or vice-versa)?
@UKTOLA
a month ago
No Links work. Using Chrome. Emptied cache. Links to info ok. Links to advance to next section or submit do not work. Refreshed, restarted. Nothing works.
a month ago
How to enter Florida's federal iD number?
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a month ago
1 Cheer
Form 4562 Desktop-version : "Depreciation and Amortization will be ready by February, but likely sooner." - This is HOLDING me back from filing from past more than a month. Can you provide date when ...
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Form 4562 Desktop-version : "Depreciation and Amortization will be ready by February, but likely sooner." - This is HOLDING me back from filing from past more than a month. Can you provide date when this will be FIXED?
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a month ago
How do I get my 2024 tax refund from TurboTax ?
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a month ago
Why doesn't the dropdown for states on 1099-r form not include Texas?
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a month ago
Example of error: Person has 170k MAGI with $1000 qualified OT amount. The software says you don't qualify for the deduction because you have to make over the threshold amount (which is $2000),because...
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Example of error: Person has 170k MAGI with $1000 qualified OT amount. The software says you don't qualify for the deduction because you have to make over the threshold amount (which is $2000),because you are $20k over the$150k threshold. But that is incorrect. What the software should say is "you qualify for the $1000 out of the eligiblable $10,500. When you make over the threshold, its subtracted from what you can claim.
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a month ago
when will depreciation and amortization be ready?
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a month ago
1 Cheer
It may be due to the Code in Box 7 of your Form 1099-R. To correct this rollover so that it is not considered income and you receive the additional over 65 credit, do the following:
Review your...
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It may be due to the Code in Box 7 of your Form 1099-R. To correct this rollover so that it is not considered income and you receive the additional over 65 credit, do the following:
Review your Form 1099-R information by going to Wages & Income and clicking on IRA, 401(k) Pension Plan Withdrawals (1099-R)
Click the pencil to the right of your Form 1099-R entry and Continue
If the code is G in Box 7, the system will then ask follow-up questions because Code G indicates a direct rollover
If the code is 7 or 1 in Box 7, however, you must answer follow-up questions carefully, especially when you're asked, "Tell us if you moved the money through a rollover or conversion"
The next question will be, "Did you roll over all of this $ to another retirement account?", to which you will answer, "Yes, I rolled over $ to and IRA...", then Continue
a month ago
It’s also incredibly difficult to talk to anyone there or at intuit.
a month ago
1 Cheer
You would have to ask the IRS. Maybe because they do not want a whole pile of amended returns at the very beginning of the tax season from people who rush through their original returns and then wa...
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You would have to ask the IRS. Maybe because they do not want a whole pile of amended returns at the very beginning of the tax season from people who rush through their original returns and then want to amend right away, they delay making that form available. It is typically not available until late February.
The Form 1040X is scheduled to be available on February 19. The date is subject to change, so check on 2-19 to see if it is ready. Before that, do not change anything at all on your return.
a month ago
Spending over $100 on a tax preparation software then being told there are no discounts (at least) to use the desktop version when the product you paid for isn't available seems... not right.
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a month ago
There's no exact date at this time. Hopefully, the issue will be resolved in an update next week.
a month ago
That would make sense but it’s almost half of the expected amount.
a month ago
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a month ago
The net capital gains tax rate of 0% only applies if your net long-term gains exceed your net short-term losses. This means you had to have held the assets for over a year before selling to qualify f...
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The net capital gains tax rate of 0% only applies if your net long-term gains exceed your net short-term losses. This means you had to have held the assets for over a year before selling to qualify for the 0% rate. If you had net positive gains on assets that you held for less then a year, then that would be a net short-term capital gain, which is taxed at your ordinary income tax rate.
See - IRS topic 409, section Capital gains tax rates
TurboTax, "A Guide to the Capital Gains Tax Rate: Short-term vs. Long-term Capital Gains Taxes"