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yesterday
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yesterday
what make you think that the debt forgiveness isn't taxable? It doesn't matter whether secured or unsecured (like credit card debt). It would be nontaxable if you weren't liable for repayment (box 5...
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what make you think that the debt forgiveness isn't taxable? It doesn't matter whether secured or unsecured (like credit card debt). It would be nontaxable if you weren't liable for repayment (box 5 on the form wouldn't be checked). On the cancelled debt worksheet, Part II is for secured debt. Leave blank for unsecured debt. There are other parts on the worksheet that, if they apply, would reduce or eliminate taxability. This would create Form 982, which would explain nontaxability
the IRS gets a copy of 1099-C, and its computers will be looking to see that you reported it, so just deleting the form will result in a notice.
do you have some other reason that it shouldn't be taxable
yesterday
Yes, check the 'Filing Instructions' page in the saved PDF copy of your state return. The state is probably lagging in making the debits, but you'll be credited for the day you chose, whenever they ...
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Yes, check the 'Filing Instructions' page in the saved PDF copy of your state return. The state is probably lagging in making the debits, but you'll be credited for the day you chose, whenever they do withdraw the funds.
@monty_t_hall
yesterday
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yesterday
It is automatic based on your birthday; you don't need to make any extra entries. You can find it on Line 13b of your Form 1040 and on Schedule 1A - Part V.
yesterday
how do I mark dependent on federal form
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yesterday
Thank you @DawnC ! Appreciate the help.
yesterday
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yesterday
I e-filed 4/5 using web turbo tax (deluxe?). It's 4/16. I guess I'll wait a few more days. Can I see "payment option for state"? I'm pretty sure I said "take it from my bank account" both schedu...
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I e-filed 4/5 using web turbo tax (deluxe?). It's 4/16. I guess I'll wait a few more days. Can I see "payment option for state"? I'm pretty sure I said "take it from my bank account" both scheduled for 4/15. So I was surprised I didn't see two withdrawals - one for fed (which it did) and the other from the state $10. What's going on? Anywhere to look what payment option I used for state filing?
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yesterday
Here's info on Requesting a Refund. To downgrade, you needed to go to Tax Tools > Tools in the left-side menu, and choose 'Clear and Start Over' from the pop-up menu.
@alex3sal1025
yesterday
There is a senior tax credit this year. How do I claim it?
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yesterday
I had a large capital loss in 2022, but have only been applying the $3000 per year since as an offset. I had used a prior program in 2020-2024, but added the 2022-2024 tax returns. It is not calculati...
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I had a large capital loss in 2022, but have only been applying the $3000 per year since as an offset. I had used a prior program in 2020-2024, but added the 2022-2024 tax returns. It is not calculating any capital loss carry over and I cannot figure out how to adjust this. Please assist!
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yesterday
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yesterday
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The IRS doesn't allow a payment date past 04/15 and since you have an e-file acceptance showing payment scheduled - it was scheduled on time. See IRS pay help
yesterday
The IRS takes a few days to debit your account. Check your 'Filing Instructions' page in your saved PDF copy. You'll be credited for payment on the date you chose when filing.
@hewes-lisa
yesterday
Yes, those are dividends for qualified business income.
If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. See if you need to file a state...
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Yes, those are dividends for qualified business income.
If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. See if you need to file a state extension Any taxes owed are still due in full by the original April 15 date. Pay through either Direct Pay or your individual online account. To set up a payment plan, see Find details on payment plan types
yesterday
If your tax return is being rejected for not including the 1095-A, then there is something in the iRS database that indicates that you should have the form. If you have already tried the troubles...
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If your tax return is being rejected for not including the 1095-A, then there is something in the iRS database that indicates that you should have the form. If you have already tried the troubleshooting steps found in THIS help article and you still experience the rejection, you will need to mail your return.
yesterday
If it is passive income, you may be able to file it on your return using Form 8615 for the kiddie tax. Otherwise, you will need to create a new online account for your child.
If you need extra ...
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If it is passive income, you may be able to file it on your return using Form 8615 for the kiddie tax. Otherwise, you will need to create a new online account for your child.
If you need extra time, filing an extension by April 15, 2026, moves your submission deadline to October 15. See if you need to file a state extension Any taxes owed are still due in full by the original April 15 date. Pay through either Direct Pay or your individual online account. To set up a payment plan, see Find details on payment plan types