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I built and moved into a new house. My daughter (married) moved into the original house. I wanted very much to collect enough 'rent' to offset my costs but that has not (and will not) happen. I unde... See more...
I built and moved into a new house. My daughter (married) moved into the original house. I wanted very much to collect enough 'rent' to offset my costs but that has not (and will not) happen. I understand I don't have a traditional rental and I am not worried about claiming the losses in excess of rent received; because I understand I don't qualify. From what I have read this is a personal use home because the fair market test fails. I have seen many say I cannot deduct more in expenses than I take in. The specifics are where I am confused. Do I need to declare the funds I receive on Schedule 1 Additional Income (8j or 8z) then just take the usual deductions for Taxes, interest, etc, on my Schedule A - Itemized Deductions? Or should I use schedule E for Schedule 1 and declare the rent received but only enter expenses equal to that rent. In that case I would not Itemize those expenses. I really don't want to pay tax on the funds received when I am losing money on this situation. 
Please contact our phone support team as they will be able to assist you further.  
TurboTax requires two different numbers when you're performing a recharacterization, the original contribution amount and the total transfer amount. If the amount recharacterized is blank, that means... See more...
TurboTax requires two different numbers when you're performing a recharacterization, the original contribution amount and the total transfer amount. If the amount recharacterized is blank, that means the data did not map correctly.    To resolve the blank line on your Form 8606, do the following:   First, delete the IRA contribution entry by going to the Deductions & Credits, Retirement and Investments.   Note: Be sure to also delete the sample 1099-R(s) you entered by going to Income, Retirement Plans and Social Security and selecting the trash can icon to the right of your 1099-R.   Next, re-enter the contributions:   Enter the Roth IRA contribution first Answer "Yes" to "Did you recharacterize...over to a traditional IRA contribution?" Enter the $7,000 in the, "How much of your contribution to this Roth did you switch...?" In the next screen is where you are asked about the origination date, recharcterization date, reason and Amount transferred, including earnings ($7,100) Continue answering the interview questions related to your prior year Roth contributions and conversions   Next step, enter the conversion (Backdoor step) via the Form 1099-R in the Income section by doing the following:   Go to Income on the left panel within your TurboTax account Click on the +Add more income box Scroll down to Retirement Plans and Social Security and click the down arrow to expand Click Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R)  Click on +Add a 1099-R, select the Enter a different way box, then Type it in myself
Il y a quelque chose qui ne va pas. Essayez de saisir votre code de nouveau.
@hollymortensen I posted that procedure in the first answer on this thread.   Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and ... See more...
@hollymortensen I posted that procedure in the first answer on this thread.   Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Less Common Income On Sale of Home (gain or loss), click the start or update button
I did that and I got an error message with only one line filled out.  It kept telling me it needed both spots needed to be filled in.  I am working directly in the form at the moment. 
It’s not letting me leave blank areas, enter zeros, or skip this step alltogether. I’ve never had to enter this before, and I don’t care to get any sort of credit for these expenses. I just want to d... See more...
It’s not letting me leave blank areas, enter zeros, or skip this step alltogether. I’ve never had to enter this before, and I don’t care to get any sort of credit for these expenses. I just want to do a simple return with my W-2 and 1095-A. I was able to easily do this last year, but for some reason this year it’s requiring me to enter this info. 
Thanks I have the desktop version, appreciate the advise on using 3rd party designee. 
En date du 8 mars, le seul formulaire qui est encore verrouillé est le TP-726.7 de Revenu Québec pour gains en capital. Ce formulaire est verrouillé dans TurboImpôt Bureau et TurboImpôt en ligne.  ... See more...
En date du 8 mars, le seul formulaire qui est encore verrouillé est le TP-726.7 de Revenu Québec pour gains en capital. Ce formulaire est verrouillé dans TurboImpôt Bureau et TurboImpôt en ligne.  Si vous avez besoin de ce formulaire, merci de patienter encore quelques jours.    Si non, vous devriez être en mesure de transmettre votre déclaration avec l'aide de votre Expert-conseil.   Merci de choisir TurboImpôt
All forms are unlocked except for the Quebec form TP-726.7.    If you are using TurboTax Desktop, please update your software.   If you are using TurboTax Do It Yourself (Online), please clea... See more...
All forms are unlocked except for the Quebec form TP-726.7.    If you are using TurboTax Desktop, please update your software.   If you are using TurboTax Do It Yourself (Online), please clear your browser cache (or use a different browser) and try again.     
You can see the screenshot I captured. Two entries for the same EV, one of them needs to be deleted, and the other needs to be updated, but I can't do any of that. I don't want to add yet another... See more...
You can see the screenshot I captured. Two entries for the same EV, one of them needs to be deleted, and the other needs to be updated, but I can't do any of that. I don't want to add yet another one.  
We can not make phone calls from this forum. Can you clarify what your problem is.  
After you have completed with the Deductions & Credits section of the program, there will several screen which follow.  Should be the fourth screen that will show the total Standard Deduction and the... See more...
After you have completed with the Deductions & Credits section of the program, there will several screen which follow.  Should be the fourth screen that will show the total Standard Deduction and the total Itemized Deduction
No.  It is still Self Prepared.  You technically are just helping her.  Self Prepared basically means you are not being paid.  You could enter your name as a 3rd Party Designee if you have the Deskto... See more...
No.  It is still Self Prepared.  You technically are just helping her.  Self Prepared basically means you are not being paid.  You could enter your name as a 3rd Party Designee if you have the Desktop program.   That is not available in the Online versions. You can only enter a 3rd Party Designee in the Desktop program using the Forms mode. You have to switch to Forms mode (click Forms in the upper right (left for Mac)) and select the Info Wks. Scroll down until you get to Part V Third Party designee: section. Check the YES box and then you can fill in the name, phone number and any 5 numbers for the PIN.
If TurboTax is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. If you are using TurboTax... See more...
If TurboTax is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates". If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.
Only #3,000 of capital loss can be applied against ordinary income. Normally any additional loss is carried over to future years. But unfortunately when the taxpayer dies any unused capital loss is g... See more...
Only #3,000 of capital loss can be applied against ordinary income. Normally any additional loss is carried over to future years. But unfortunately when the taxpayer dies any unused capital loss is gone. There is no way to use it. Capital losses can be carried over indefinitely, but only until the person dies. Then any remaining capital loss just disappears. It cannot be used on the final tax return.  
@user17729792772 I saw the same exterior door error after using the trick to fix line 25a. I guess the new error is about line 19g being blank while line 19f is not. Then I removed the second exterio... See more...
@user17729792772 I saw the same exterior door error after using the trick to fix line 25a. I guess the new error is about line 19g being blank while line 19f is not. Then I removed the second exterior door value (making line 19d-g blank) and resubmitted. It is pending now.
You need to remove the 5 cents. You can also contact whoever issued the T4FHSA and have them send you a new slip with the correct amount.