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6 hours ago
How do I check the status of paper refunds?
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7 hours ago
if my FX math is right (feel free to correct), unless this is some specific currency which got weaker agains the dollar, in general if you converted USD in 2024 and the $ weakened, you should have a ...
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if my FX math is right (feel free to correct), unless this is some specific currency which got weaker agains the dollar, in general if you converted USD in 2024 and the $ weakened, you should have a gain in USD terms not a loss? on 1/1/24, 1 USD = 0.90599 EUR on 7/29/25, 0.90599 EUR = 1.05 USD. I don't think converting to a different currency and not back to USD creates a gain/loss based on FX rate changing, you just have a different currency. If you move it back to USD maybe it's a taxable event this is covered by Section 988 of the tax code which has certain exclusions around 'personal' transactions. I've had FX losses in the past on currency conversion from USD and back to USD, which a CPA advised me were not something I could take on my taxes, but I'm not sure if that advice was correct. If you are looking at significant amounts you may want to consult a CPA on this topic. Try reddit r/tax and r/irs forums also.
7 hours ago
first determine your 'safe harbor' and amount of tax you need to pay (100% of your 2024 tax [110% if 2024 AGI > 150k or 75k if Married Filing Separately, or 90% of 2025 tax - whichever is smaller) - ...
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first determine your 'safe harbor' and amount of tax you need to pay (100% of your 2024 tax [110% if 2024 AGI > 150k or 75k if Married Filing Separately, or 90% of 2025 tax - whichever is smaller) - refer to https://www.irs.gov/forms-pubs/about-form-1040-es for more info and worksheets. See also Form 2210 lines 1-9 (link below). Note - if you are behind on ES for 2025 then pay the Q1+2 payments ASAP to stop the penalty from accruing at 8% annual rate, then resume quarterly payments for Q3/4 by the Sep/Jan deadlines. You can also err on overpaying Q1/2 and adjust lower later in the year if your 2025 estimate improves; overpayment will carry forward to later quarters, but overpayment in later quarters will not address underpayment earlier. If your situation is clear-cut enough to make paying ES based on 2024 tax more advantageous, then that is known and a simpler calculation; you don't need to worry about timing and estimating 2025 but keep handle on 2025 situation to set aside tax for your final payment in April 2026. TT has some tax calculators https://turbotax.intuit.com/tax-tools/ - can't speak to them in detail but I don't think have been updated for 2025 / big bill changes yet. But still useful to get in the ballpark; or see what other online tax calculators are available; if you have TT desktop you can run a dummy return for your 2025 tax using the 2024 software (and play around with different ES penalty situations, Form 2210 etc) especially given the SE component, and tweak the outcome for different tax brackets/deductibles if material. It depends the extent to which you are affected by the changes, see https://turbotax.intuit.com/tax-tips/general/taxes-2021-7-upcoming-tax-law-changes/L3xFucBvV?cid=em_55785_NULL_003&pid=186df12b80f31495096d36c2e64c0274a&CP5=DR When you file your return, TT will generate ES vouchers (which you don't need to use) for next year based on prior year tax from that return and assuming withholding will be the same. You can provide estimates for the next year under Other Tax Situations / Form W4 and Estimated Taxes and TT will then optimize the quarterly ES using the safe harbor calculation. So you can do some planning for the next year at the time you file in April, to make the Q1 ES payment on time. If your income is uneven and in particular backloaded (e.g. Roth conversion in Q4) you may be able to reduce the penalty by using Form 2210 Annualized Income method, but you will need to calculate a quarterly AGI/withholding/qualdivs/LTCG for 3/31, 5/31, 8/31 as well as full year return for 12/31 figures, when you file for 2025. If your income is actually even then the AI method will not rescue you from a penalty for ES payments which were actually due in earlier quarters but are simply late. It may help you a bit if your 1099 income is on a lag. You can see more in Form 2210 which also contains the default safe harbor calculation on lines 1-9 https://www.irs.gov/pub/irs-pdf/i2210.pdf To make payments try to pay directly at irs.gov rather than checks and vouchers, the less mailed to IRS the better. You can also see record of all your payments online in your IRS account. Don't forget state ES and penalties also. Not a CPA, please research accordingly - hope this helps.
8 hours ago
@rchvlh Exactly when did you e-file? If you e-filed early in January, then it is possible that you were allowed to e-file before the paper forms weree ready for printing. To get a PDF co...
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@rchvlh Exactly when did you e-file? If you e-filed early in January, then it is possible that you were allowed to e-file before the paper forms weree ready for printing. To get a PDF copy without the Do Not File marking, you "might" need to get back into your Online tax file by selecting "Add A State'.....then go to the Print Center in the left margin to create a NEW PDF copy. That new one should be OK. You can create both a Filing Only PDF, and also a PDF with all forms and backup worksheets for future reference.
8 hours ago
looks like the wording on that FAQ has changed from "may restrict" to "will restrict"
9 hours ago
To my knowledge, I don't have an app. I use a web browser just like I'm using now. All I'm trying to do is download a copy of my filing that does not have "DO NOT FILE" on page 1. Once the file has ...
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To my knowledge, I don't have an app. I use a web browser just like I'm using now. All I'm trying to do is download a copy of my filing that does not have "DO NOT FILE" on page 1. Once the file has sent to the IRS, it shouldn't be marked "DO NOT FILE".
10 hours ago
yes casualty losses in federally declared disaster areas can be deducted the year of occurrence or the prior year.
see this IRS website - casualty losses section for further guidance
https://ww...
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yes casualty losses in federally declared disaster areas can be deducted the year of occurrence or the prior year.
see this IRS website - casualty losses section for further guidance
https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-wildfires-in-california-various-deadlines-postponed-to-oct-15
11 hours ago
see this link for an explanation
https://dor.georgia.gov/press-releases/2025-06-02/gov-kemp-special-tax-refund-checks-begin-issuing-week
yesterday
You can do that but you will need a tax identification number.
yesterday
yesterday
You appear to be using Live Basic. See the answer in your original thread on how to talk to a tax expert and have them review your return. https://ttlc.intuit.com/community/taxes/discussion/i...
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You appear to be using Live Basic. See the answer in your original thread on how to talk to a tax expert and have them review your return. https://ttlc.intuit.com/community/taxes/discussion/i-want-someone-to-review-my-tax-return/01/3695403...
yesterday
You appear to be using Live Basic. See the answer in your original thread on how to talk to a tax expert and have them review your return. https://ttlc.intuit.com/community/taxes/discussion/i-w...
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You appear to be using Live Basic. See the answer in your original thread on how to talk to a tax expert and have them review your return. https://ttlc.intuit.com/community/taxes/discussion/i-want-someone-to-review-my-tax-return/01/3695403#M1366527
yesterday
ADDENDUM: If you do not want the Live feature with its tax expert help/review and want to go back to Free Edition, see this: FAQ: How do I remove TurboTax Live? https://ttlc.intuit.com/communi...
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ADDENDUM: If you do not want the Live feature with its tax expert help/review and want to go back to Free Edition, see this: FAQ: How do I remove TurboTax Live? https://ttlc.intuit.com/community/downgrading/help/how-do-i-remove-turbotax-live/01/27312
yesterday
@ Melinda10 wrote: I want someone to review my tax return I want to know why I owe? The agent that I spoke to earlier, said that I didn’t owe. This is mainly a user community forum--not a d...
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@ Melinda10 wrote: I want someone to review my tax return I want to know why I owe? The agent that I spoke to earlier, said that I didn’t owe. This is mainly a user community forum--not a direct route to TurboTax customer support. Nothing account-specific can be handled here in the Internet forum, and no one can review your return in this public forum. Do NOT post any personal info here. "I want to know why I owe." Owe for what? Are you referring to Federal taxes due (owed to govt), state taxes due, or TurboTax fees that you owe for your product? "I want someone to review my tax return." You appear to be using Live Basic--at least that is what is shown in the tag under your question. That is a paid product. It is an upgrade from Free Edition that allows for help from a tax expert at any time during return preparation and a final review of your return, if desired, before filing. I "think" the price for Live Basic is $89 for Federal and $59 for state (if applicable.) FAQ: What is an expert review and how can I schedule one? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-expert/expert-review-schedule-one/L6gQ2eJdp_US_en_US FAQ: How do I connect with a tax expert in TurboTax Live? https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US
yesterday
How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side menus to open up to access...
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How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side menus to open up to access the prior year..... You need to start entering some basic Personal Info in 2024 for the side menu to open up. Just continue a little ways into 2024. I had to go though about 12 screens. If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. So you need to make and keep your own backups.
yesterday
Duplicate question.
yesterday
Duplicate question. Please post your question only once. This is a message forum, not live chat. It might take some time before someone replies.