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As stated on the IRS website to can take up to 9 weeks before a tax refund issued after verifying your identity.
it will, provided both payments had the required info on them. such as name address, SSN, tax year  
forms entry is not allowed for online. It will prevent e-filing and the accuracy guarantee is void. you would have to switch to a desktop version, which requires Windows 11 or a certain Mac OS
My friend in 2026 will work and live in NY form January 1 - May 31. On June 1st will move to MA and work for the same company remotely  with address on W-2 form in state of MD. Will work remotely fro... See more...
My friend in 2026 will work and live in NY form January 1 - May 31. On June 1st will move to MA and work for the same company remotely  with address on W-2 form in state of MD. Will work remotely from MA till around middle of September 2026.  Will continue to live in MA but not working for that company. How should my friend file state taxes next year for 2026? If the company in NY will only deduct NY state taxes, should be paid estimated tax payments to MA or not? What else needs to be done for filing correctly taxes to both states and prepared before the tax season? 
Profit $55776 Bought $33000 property 2 days later Need to pay capital gains on difference
Click on Tax Tools on the left side of the online program screen Click on Tools Click on Delete a form   Note - There may be multiple pages of your tax return forms and schedules so click on ... See more...
Click on Tax Tools on the left side of the online program screen Click on Tools Click on Delete a form   Note - There may be multiple pages of your tax return forms and schedules so click on the page number or right arrow (>) shown at the bottom of the federal tax return forms.
Your date of payment stays valid.  It may take the IRS up to 10 days to debit your account during this time of the tax season.   Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire... See more...
Your date of payment stays valid.  It may take the IRS up to 10 days to debit your account during this time of the tax season.   Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling. You proof of payment in your bank account showing the debit from the IRS.
I gave my bank information when I filed and authorized payment for the 14th of April. there has got to be some place in my records that shows this. how do I find that proof?
That is the result of using the mathematical method (not using the "tables") for depreciation, using the order of operations that TurboTax uses.  TurboTax does that for all assets.   The order of o... See more...
That is the result of using the mathematical method (not using the "tables") for depreciation, using the order of operations that TurboTax uses.  TurboTax does that for all assets.   The order of operations is questionable, but as far as I can tell, there is no IRS guidance on that matter.  And besides TurboTax, there are several other software companies that use the same method and order of operations.    If you have the desktop/downloaded version, you can go into the "Forms" and access the "Asset Entry Wks".  If you scroll WAY down to the bottom, it is an option to use the "tables" for depreciation, which would give you the results that you are expecting.
@Mike9241 wrote: for the cost of the house in 1953, you'll need to use either an appraiser or........ Yeah, I agree 100%.    HOWEVER, depending on the sales price, it might not be worth spe... See more...
@Mike9241 wrote: for the cost of the house in 1953, you'll need to use either an appraiser or........ Yeah, I agree 100%.    HOWEVER, depending on the sales price, it might not be worth spending a whole lot of money on an appraisal. The sale is being split 4 ways, apparently, which would divide the basis by 4 (obviously). Applying a normalized inflation rate would imply an original cost in the neighborhood of $12,000 (or $3,000 for each sibling). That would save each a maximum of $600 in federal income tax and likely a lot less. A low ballpark figure (i.e., educated guess) may be more cost efficient). 
@sherp wrote: The rental activity nets to a loss. Turbo tax is taking that against my other income. They are passive losses so that is incorrect.   They are not flowing through to a schedule E ... See more...
@sherp wrote: The rental activity nets to a loss. Turbo tax is taking that against my other income. They are passive losses so that is incorrect.   They are not flowing through to a schedule E    Did you indicate you are a Real Estate Professional?  Or do you "Actively Participate" and is your Modified Adjusted Gross Income under $150,000?   Are you saying they are not flowing to page 2 of Schedule E?  Look at page 2, not page 1.  Each K-1 should show up on Line 28 of Schedule E. On line 28 of Schedule E, look at columns (g), (h), (i) and (l).  Which columns are the amounts showing up in?
Enter only the amount due to the overtime. If you earn 100 an hour and receive time and a half your pay is 150 but you enter 50. 
for the cost of the house in 1953, you'll need to use either an appraiser or an accounting/CPA firm that has a valuation specialist. to that cost add the cost of subsequent improvements. Not sure a... See more...
for the cost of the house in 1953, you'll need to use either an appraiser or an accounting/CPA firm that has a valuation specialist. to that cost add the cost of subsequent improvements. Not sure about the roof. It could be a repair which doesn't add to basis or an inprovemnet ot betterment which does    The IRS does have the right to challenge the value
Thank you. I appreciate your timely reply.  I got my return filed on time!
What services are you referring to?   Did you e-file your tax return and was it accepted? You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your ta... See more...
What services are you referring to?   Did you e-file your tax return and was it accepted? You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.
@cou3   It shouldn't be an issue.  Did you try entering the amount in box 1 into box 16?  It won't affect anything else on your federal or state tax return.   Never heard anyone say that box 16 has t... See more...
@cou3   It shouldn't be an issue.  Did you try entering the amount in box 1 into box 16?  It won't affect anything else on your federal or state tax return.   Never heard anyone say that box 16 has to be greater than box 1.   It probably says box 16 has to be greater than box 14 withholding.