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a month ago
for tax season 2025, Turbo Tax still is not entering the gross income from foreign sources on the form 1116. Please fix!
a month ago
There is no "Stock, cryptocurrency, Mutual Funds, Bonds, other section." option because this is for a Turbotax Business.
a month ago
We have email confirmations from TurboTax that the IRS and the State successfully accepted our returns.
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a month ago
I still haven't received my status refund since 2/17/2026
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a month ago
I did it through turbo tax basic
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a month ago
how to fix error code 155
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a month ago
But I never have had issues in the past
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a month ago
Token: 9059978132196421-93494393
Problem with form 8936 Line 16 should be blank.
a month ago
Hello turbotax community. Here is my question: I have to fill form 1116 because I have foreign passive income from bank interests and a rental. I have only paid foreign taxes for the rental but not ...
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Hello turbotax community. Here is my question: I have to fill form 1116 because I have foreign passive income from bank interests and a rental. I have only paid foreign taxes for the rental but not for the bank interests. I see in the instructions that in line 1a I should include all foreign income (from that country) regardless whether I have paid taxes or not: "Include income in the category checked above Part I that is taxable by the United States and is from sources within the country entered on line i, even if isn’t taxable by that foreign country". 1) Is that really the case? Even I have not paid taxes for the bank interests, should I still include that gain along with the income from the rental? 2) I am able to include the income from the rental but how do I handle the bank interests? The information seems to be contradictory as it says: "Do not enter any income already reported on Form 1099-INT" ????? 3) I have reported that foreign bank interests along with the bank interests from the US on Schedule B. Is that the right place? Again, form 1116 says I should not include any income already reported but at the same time is not picking up that foreign income for form 1116. 4) Is there a difference between the amounts in line 1a and line 3d? Thank you in advance for your help with this matter.
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a month ago
Let me know pleases
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a month ago
Hello Does Turbotax online Do it yourself not create the Form 4562 Depreciation and Amortization Report? I am not seeing it. I am trying to find out how much depreciation an asset took last year...
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Hello Does Turbotax online Do it yourself not create the Form 4562 Depreciation and Amortization Report? I am not seeing it. I am trying to find out how much depreciation an asset took last year so I would like it for 2024 for TurboTax online and not seeing it in the Turbotax 2024 TaxReturn pdf. Thanks
a month ago
You can e-file a return up to six months past the due date. After that, you must mail the return. If you’re filing multiple years, most older returns need to be submitted manually. Order of Filing:...
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You can e-file a return up to six months past the due date. After that, you must mail the return. If you’re filing multiple years, most older returns need to be submitted manually. Order of Filing: The IRS does not require missing tax returns to be filed in strict chronological order, and they do not specifically check to see if you filed them in order. While the IRS prefers chronological order, the most important priority is to file all missing returns, particularly if you are in a "good standing" situation requiring the last six years. Why Order Matters: Failing to file in order can cause issues with IRS processing, especially if a return for an earlier year affects the balance of a later year. Filing in order ensures that carry-forward items—such as net operating losses, capital losses, or unused tax credits—are accurately reflected on subsequent years' returns. If your nephew's returns are simple, these carry-forward issues may be moot. What I would do: I'd complete the 2024 return, keep a copy (so you have its data for 2025 if needed), and mail it so you don't forget. Then prepare the 2025 (using any needed 2024 data) and try to e-file. In order to ID your nephew, you'll probably be asked to enter the 2024 Adjusted Gross Income (AGI). Since they have not processed 2024 for him, try entering $0 for the AGI and see if it flies. If not, print and mail it.
a month ago
Turbo Tax is showing that my wife can be claimed by someone else and that is why she cannot take the American Opportunity Learning Credit. I went back and made sure she was not checked as someone e...
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Turbo Tax is showing that my wife can be claimed by someone else and that is why she cannot take the American Opportunity Learning Credit. I went back and made sure she was not checked as someone else could claim her. I don't know why Turbo Tax thinks someone else can claim her. I am filing married jointly.
a month ago
But make sure you enter the code W, which designates this line as being for an HSA
a month ago
if this is a private partnership, then no. If it's publicly traded and you use any of the TurboTax desktop versions, the partnership may provide a TXF file, which you can download and import. Online ...
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if this is a private partnership, then no. If it's publicly traded and you use any of the TurboTax desktop versions, the partnership may provide a TXF file, which you can download and import. Online does not support TXF files.
Tax Package Support for Publicly Traded Partnerships (not all are listed here). I think there is one other large accounting firm that does some of the PTPs, but I don't know the website. You will or have received the K-1 in the mail, perhaps with a web address to access the partnership tax reporting website.
Once imported, check everything, because some items are not handled automatically by TurboTax.
a month ago
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a month ago
This what I received