All Posts

@user17720572227 wrote: I shouldn't have to pay someone to pay the govt. @user17720572227  You don't have to pay anyone to file your tax returns. We have already mentioned two free options, TurboTax Free Edition and IRS Free File. Another free option you could consider is VITA or TCE.  

J'ai fermé tous les formulaires inutilisés.  C'est une déclaration d'une personne âgée ayant seulement la RRQ, la sécurité de vieillesse et le supplément de revenu garanti avec des dépenses médicales.  J'ai rempli la même déclaration avec le logiciel ImpotsExpert et la transmission à Revenu Québec s'est bien fait.  Pourquoi cela fonctionne avec ImpotsExpert alors que la même déclaration est encore bloquée avec le logiciel TurboImpot? Pourquoi ces formulaires seraient bloqués avec TurboImpôts et non bloqués avec ImpotExperts?

The tax ID number on the 1099-S is my wife's SSN.   We will reach out to the executor or trustee to obtain additional information. We would need them to provide a K-1 as the previous commenter inquired about? Or what information would they need to furnish?

However, if you do pay off the child's loan using your funds it can be considered a gift.  You can give up to $19,000 to anyone without any consequence, however, if you give more than that amount to anyone you will need to file a Form 709 Gift Tax Return.  If you are married, both you and your spouse could give up to $19,000 each to help paying off the loan without needing to file the Form 709.  If you do need to file the Form 709, there won't be any tax consequence, but the amounts you donate will be counted against the lifetime exemption limit of $15,000,000.

The fee for the "5 day early" refund is $35, so it seems unlikely that choosing that option suddenly cost you an extra $400.    Where are you seeing that amount?     How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   Did you already e-file?   If you have not e-filed, you can back out of that option by going back  through the FILE section.   If you already e-filed you are stuck with "5 days early" if the return is accepted.  If it rejects you can try to remove that option in the FILE section before you re-file.       "5 days early" means you are supposed to receive your federal refund from one to five days sooner than the refund date shown on the IRS refund site.   If it does not meet that "at least one day sooner" date, they are supposed to refund the $35 fee.   You have to pay attention to the date on the IRS refund site. You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds      

Dans TurboImpôt Bureau cliquez sur Provincial - Québec - Profil des autres crédits du Québec. Cochez la case qui vous concerne.      En répondant aux questions en mode Easy Step, cela complète l'annexe B ou l'annexe J.   Merci de choisir TurboImpôt

Specifics are as follows I have passive  foreign dividend income and foreign taxes coming thru on a 1099-DIV.  Total income is $602.73 and taxes paid are $62.93.  Based on these amounts and passive income only, form 1116 is not required. The information pulled from the brokerage downloaded correctly but I am not being credited for the foreign taxes being paid as the $62.93 should be in my total Federal refund and it is not.  I made a copy of my tax file and tried filling out form 1116 and the worksheet on the 2nd copy .  It did not make a difference as the foreign taxes still did not show in the totals.   Please advise if the TurboTax software can be corrected for this error?

It does not appear that we are going to be receiving any other tax documentation. A letter from the attorney stated that the enclosed 1099-S has been reported to the IRS and any questions would have to be submitted to a CPA. So it sounds like I need to reach out to see if I can obtain a K-1?

Did you have any capital gains?   Capital losses are first applied against capital gains and then up to $3,000 can be used to offset all other income. Any amount in excess of the $3,000 is carried forward to the following tax year.   If you had no capital gains, then you could only use $3,000 of losses reported to you on your K-1 to offset any other income. The rest will be carried forward.