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7 hours ago
Q. Under the Form 1099Q question, do you just say NO you did not receive it?
A. Yes, you say no.
7 hours ago
repeated attempts to download data fail
7 hours ago
Does this generate a new 1040 to supersede the incorrect one? This would be filed before the tax due date so a 1040x is not required.
7 hours ago
1 Cheer
Issue resolved now. Online support team assisted me yesterday and able to file my amended return successfully. The same got accepted by Federal and my State today. As instructed by support, I ...
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Issue resolved now. Online support team assisted me yesterday and able to file my amended return successfully. The same got accepted by Federal and my State today. As instructed by support, I chose PaperCheque as refund method in step 2. After completion of this step, step 3 got enabled and navigated next page. Navigated back again and chose bank account as refund method in step 2. This time I was able to move to step 3 without any issues and able to file successfully. Please note I tried same workaround last few days back which didn't work. I believe in backend some update might have done by support team. Glad everything got worked finally.
7 hours ago
Are you wondering about the new 6,000(12,000) Senior Deduction? It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition ...
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Are you wondering about the new 6,000(12,000) Senior Deduction? It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return.
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 If you are looking for the full $46,700 (34,700+12,000) it should be on 1040 line 14. What do you have on 1040 or 1040SR line 13b? See the 1040 ….
7 hours ago
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.
The IRS states that most federal tax refunds are issued within 21 days o...
See more...
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.
The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.
Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"?
Why do some refunds take longer than others?
What if my IRS refund is taking longer than 21 days?
7 hours ago
Hey there Community, I'm sending out this explanation in the hopes that someone can give me some guidance about how to proceed with my situation. I have a non qualified annuity which began pa...
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Hey there Community, I'm sending out this explanation in the hopes that someone can give me some guidance about how to proceed with my situation. I have a non qualified annuity which began paying out in 2025 and now it is time to submit the details so that the payments are taxed properly. This annuity was first purchased under a single payment back in 2001 and was subsequently transferred to another annuity product and company using a 1031 Exchange back in 2013. The new company apparently did not have the basis information and has issued a 1099-R that shows the entire amount that was paid out in 2025 is taxable. I have a document from the previous company that shows the initial amount that was paid into the annuity, hence the basis. At first I attempted to contact the company that issued the 1099-R and explained all of the first paragraph, yet they insist that since they never received the basis they have to assume the entire amount is taxable. Next I submitted my own historical document that shows the initial amount of the annuity to the same company but they won't accept the document as the basis. I asked them to simply leave Block 2A blank and check Block 2b on the 1099-R to show that they did not calculate the amount that was taxed but they refuse to make the changes. The problem is the original company was sold to another company back in the 2014 timeframe and there is no one to contact to get an official document for the basis. So the question is can I submit the taxable amount that I have calculated based on the basis by using the IRS Pub 939 for non qualified annuity and include an explanation stating that the 1099-R is in error or should I do something else? I appreciate any constructive wisdom to solve the problem. Its clear that I won't be able to convince the annuity holder to change the 1099-R.
7 hours ago
Turbotax appears to be incorrectly calculating my Pennsylvania income tax due. My taxable income is showing as $0, despite having entered W-2 wages in the federal section of my return. Every time...
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Turbotax appears to be incorrectly calculating my Pennsylvania income tax due. My taxable income is showing as $0, despite having entered W-2 wages in the federal section of my return. Every time I click the button to start over the PA state return, I go through a loop of already answered and completed questions and the program still does not transfer over my federal tax information to the state return. This means re-entering my W-2 (which I have done) on my federal return has no impact on this issue. Any help would be appreciated! Thanks.
7 hours ago
previous version I went to the 1099-DIV worksheet to make fix, but online version does not show that form.
Topics:
7 hours ago
Topics:
7 hours ago
Here's how you can check: How to Check your E-file Status
7 hours ago
When I opened my tax file again, the Canadian Registered Pension Income showed up again! Guess TT hasn't fixed it yet. But when I look at the forms, it's not there so I'm hoping this is simply a ...
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When I opened my tax file again, the Canadian Registered Pension Income showed up again! Guess TT hasn't fixed it yet. But when I look at the forms, it's not there so I'm hoping this is simply a display issue bug and won't follow me next year.
7 hours ago
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.
The IRS states that most federal tax refunds are issued within 21 days o...
See more...
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.
The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.
Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"?
Why do some refunds take longer than others?
What if my IRS refund is taking longer than 21 days?
7 hours ago
To enter your medical expenses -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Medical ...
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To enter your medical expenses -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Medical On Medical Expenses, click the start or update button
7 hours ago
In TurboTax Online, you can't see the forms. However, you can review the main forms by going to the left-side menu to Tax Tools > Tools and choose 'View Tax Summary' at the pop-up. Then back at the ...
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In TurboTax Online, you can't see the forms. However, you can review the main forms by going to the left-side menu to Tax Tools > Tools and choose 'View Tax Summary' at the pop-up. Then back at the left-side menu, look for 'Preview my 1040' and 'CA Tax Summary'. After you pay (before you file) you can review a PDF copy of your return (and worksheets) from the File section.
You definitely can delete your state return and step through it again to repopulate it. In the State section, use the Trash Can Icon to delete it on the 'Status of your State Return' page.
If you stopped renting the property in 2023, you can't just delete it in 2024, you need to state what happened with it. You can choose 'converted to personal use' as an option, which would include you living in it, or fixing it up prior to sale.
The 'non-qualified use' would be the time you didn't live in the home (rental period 1997-2023). Since you rented for a long period and have mostly depreciated the original value of the home over the years, make sure to add the cost of any improvements and sales expenses to the Cost Basis when reporting the sale to lower your Capital Gain. Remember that Capital Gain is maxed at 20% and can be anywhere from 0%, depending on your income. If you had losses over the years you weren't able to claim, these are also added to the Cost Basis to reduce gain. Here's more info on How Capital Gains are Taxed.
@billOst
7 hours ago
we paid $16000 IN COBRA MEDICAL PLAN PAYMENTS WHERE DO i DEDUCT THEM
Topics:
7 hours ago
@DaveF1006 - Does this same rule apply when you have Dividends and capital gains/ losses for a Trading account outside US or does the individual have to log it as a 1099 along with the regular invest...
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@DaveF1006 - Does this same rule apply when you have Dividends and capital gains/ losses for a Trading account outside US or does the individual have to log it as a 1099 along with the regular investment section. I had logged it there for both INT, DIV and Capital gains and system took it even without entering the firm EIN number. I just want to ensure I am doing it correctly
7 hours ago
Ok it's March 6. Still broken.
7 hours ago
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each ...
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Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
7 hours ago
Appreciated - I'm no expert just trying to understand the logic of form 4797 and cols d,e,f,g - specifically what went into putting together the ACB so we can see what we may be missing, if anything...
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Appreciated - I'm no expert just trying to understand the logic of form 4797 and cols d,e,f,g - specifically what went into putting together the ACB so we can see what we may be missing, if anything, for our Canadian tax return. However, why would two lines show- as an example - : Cols d [sale price] e [CCA total] f-ACB g [col d+e-f] total sale 600k 100k 710k -10k land value 100k 75k 25k Form 4787 - Pas 1 and II The way the outcome is reported with a Capital gain of [-10+25] = 15k when it seems like if you deducted the land values from the top line - since they area already included in both the sale price and 710k f-ACB for the same property being sold for a total price of 600k. So the sold [100k] and purchased [75k] values of the land are already in the total values in the upper line columns d and f respectively. Why not simply present this as two individual lines of a single line as follows - resulting in a -10k LOSS rather than a 15k gain??? SUGGESTED WAY IT WOULD LOGICALLY BE PRESENTED 2 Lines - separating CCA-related info and land Cols d [sale $$} e [CCA total] f-ACB g [col d+e-f] non-land sale 500k 100k 635k -35k land value 100k 75k 25k **************** net _____________________________ -10k - which goes to L7 down below on form 4797 ------------------------------------------------------------------------------------- OR as a single line Added lines 600k 100k 710k -10k Alternately- bottom line is no tax due to Feds and minor amount to State - so just be quiet and let it ride???