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yesterday
Thanks @SteamTrain
yesterday
You should not be in the 10% spot and you do not claim the repair costs as a standalone. The repair costs may be a part of or equal to the change in FMV.
For example:
house worth $200k
cas...
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You should not be in the 10% spot and you do not claim the repair costs as a standalone. The repair costs may be a part of or equal to the change in FMV.
For example:
house worth $200k
casualty
repairs to restore $23k
house value after storm maybe $177k
I find people lose trees, fences, etc and forget to claim all of their actual damage and loss so busy trying to make the house livable again.
There is a lot to getting this right so I want to point you to another post of mine which has even more links and help.
yesterday
@guiamos Then check with the provider..... ___________________ Unless you are actually talking about a Social Security SSA-1099....in which case you are entering it in the wrong spot. The...
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@guiamos Then check with the provider..... ___________________ Unless you are actually talking about a Social Security SSA-1099....in which case you are entering it in the wrong spot. There is an entirely separate menu item to select for entering an SSA-1099 or RRB-1099 where no TIN/EIN/FEIN is used.
yesterday
i have filed my return i would now like to start a return for a differtent person
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yesterday
im trying to fix my K-1 1120s. column 17. normally V-see stmt for my business deductions. this year V is 199 my deduction amount is there but apparently this is added income now?
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yesterday
can we report payment on next tax return?
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yesterday
If you received a Form SSA-1099 for the SS benefits you enter the amount that is in box 5 of the form on your federal tax return.
To enter Social Security benefits reported on form SSA-1099
C...
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If you received a Form SSA-1099 for the SS benefits you enter the amount that is in box 5 of the form on your federal tax return.
To enter Social Security benefits reported on form SSA-1099
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button
yesterday
In TurboTax Online Premier, to report expenses under Self-employment income and expenses, follow these directions.
Down the left side of the screen, click Federal.
Down the left side of t...
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In TurboTax Online Premier, to report expenses under Self-employment income and expenses, follow these directions.
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Scroll down to Self-employment click on the dropdown menu.
Click Start/Revisit to the right of Self-employment income and expenses.
At the screen Your 2025 self-employed work summary, click the pencil icon to the right of the self-employment activity.
At the screen Here's your XXX info, under Expenses, click either Import expense transactions or Add expenses for this work.
Click the pencil to the right to add expenses.
See this TurboTax Help.
@jb_dennis65
yesterday
@rickybobby123 Might depend on what's on the actual 1099-DIV form IF just box 2a $$, those show up as part of Capital Gains, not as dividends Not sure about the other box 2b,c,d etc values
yesterday
To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen ...
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To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Amend (change) return
yesterday
"My net income was negative" Then you are not permitted to make any kind of retirement contribution. You must have net profit to be able to make either a self-employed retirement contribution or...
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"My net income was negative" Then you are not permitted to make any kind of retirement contribution. You must have net profit to be able to make either a self-employed retirement contribution or an IRA contribution.
yesterday
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yesterday
Why would my rejects and resubmissions count against my E-file limits.
yesterday
If I check the EIN box and have the EIN number listed, it checks the SSN box and asks for the number.
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yesterday
See this for entering self-employment expenses - https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-s...
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See this for entering self-employment expenses - https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/01/27109?search-action-id=617704664248&search-result-uid=27109
yesterday
Yes. In fact, the IRS updated Pub 936 for handling balances incurred between 1987 and 2017. The software should have updated that for you.
There are different ways to calculate the balance. If you ...
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Yes. In fact, the IRS updated Pub 936 for handling balances incurred between 1987 and 2017. The software should have updated that for you.
There are different ways to calculate the balance. If you calculate a more favorable deduction using an approved method, you can:
enter the correct mortgage interest amount allowed
select the balance was below $750k so the program won't try to figure it again.
Sch A only shows the allowed amount when sent to the IRS- none of the program questions and answers.
The IRS knows your balance was over $750k and will see your mortgage interest claimed is less.
Reference: About Publication 936, Home Mortgage Interest Deduction
yesterday
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yesterday
I purchased the Home & Business Desktop version of TurboTax from Staples in Toronto, Canada. I get an 607 error code. How do I get this resolved urgently so I can file my tax return.
yesterday
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