All Posts

@MonikaK1  1. Didn't keep my residence in TX 2. Rented apartment in AZ for the duration of my stay (about 47 days) 3. Car was still registered in TX but got car insurance transferred to AZ 4. This was a remote work for a company that didn't have AZ presence.

First you can use the following instruction to enter investment sales using your 8949 to complete your entry. If you are asked to file a Form 8453, (TurboTax will alert you) you can simply attach the Form 8949 supplied by Koinly and the 1099-DA. Otherwise keep them in your tax files should you need them at any future point.   Holding periods are shown below for information purposes should you need them.   To enter your sale in TurboTax, follow these steps.  Open or continue your return. Navigate to the investment sales section: TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open TurboTax Desktop: Search for investment sales and then select the Jump to link. Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Answer Yes to the question Did you sell any of these investments in 2025?  If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments. Click this link for more information. Where do I enter Investment Sales? Holding Periods: Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax) Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

J'ai suivi cette procédure, et ça ne fonctionne toujours pas. Y a-t-il une chance que ça fonctionne, un jour? Et pourquoi votre logiciel a décidé, totalement arbitrairement, d'ouvrir ces formulaires À VIDE (!!!!!!!) et que nous avions besoin de transmettre un formulaire vierge?

Not sure why you are mentioning March 18.    The online fees increased on March 1.   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   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/  

Yes, the New York Column C is the total income and the Column D is the New York source income.  New York source income is earned from New York, and interest and retirement in general are state source income for your resident state.  As a nonresident, you only pay the tax on the proportion of the New York income applied to the calculated total tax due. 

When you see your 2024 estimated taxes paid listed as additional taxes paid on 12/31/2024 in TurboTax, it reflects the last payment you made for the 2024 tax year. TurboTax records estimated tax payments by date, so the amount paid on December 31, 2024, is shown as the final estimated tax payment for that year. This helps ensure your tax return accurately accounts for all estimated payments made during 2024 to reduce any tax owed or penalties. If you entered estimated payments with a date of 12/31/2024, TurboTax will show those payments in the "Additional Taxes Paid" section accordingly.

Yes, you can enter it as one sale if all of the digital assets sold were held long term. Use a date that would indicate long term holding period, this applies the correct tax method and an accurate tax on your return. Example: 05/05/2022 Purchase -- Sale date 2025 Holding Periods: Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax) Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

It's March 14th and I still can't file my return. I update my desktop home and business version but there are no updates. I have a rental property with CCA in Quebec. Is it only me or do others have the same issue.

In TurboTax, Form 2210 is generally completed automatically if your return triggers an underpayment penalty, and many fields are locked (greyed out) to prevent manual changes. Unfortunately, TurboTax doesn't let fully manual entry of Form 2210 because it calculates penalties based on your tax data. If you need to adjust the form, you can try these steps: 1. Review your estimated tax payments and withholding entries under the Federal Taxes section to ensure they are correct. 2. Navigate to Other Tax Situations > Underpayment Penalties, and check for any options or prompts to adjust your penalty. 3. If you must make specific adjustments not allowed in TurboTax, you might need to file Form 2210 manually outside of TurboTax.

Yes, if it qualifies-your negative business income for this year will need to be used in the future to determine your QBI deduction next year.  TurboTax will create and carryforward the loss so you have the information next year. 

Update - I got brave and clicked on Amend and it brought me back to my original amendment and let me resubmit, but when it came to tranmitting I got an error stating The amended return cannot be accepted while the status of the original filing is unknown. So I'm still stuck.