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yesterday
@dami99999 I will report your issues to the moderators.
yesterday
Line 13b is on the 1040SR page 2
yesterday
If you are trying to enter the sale of non-depreciable business property you can enter it as follows and not in Form 4835. The actual sale will fall onto Form 4797 which will occur with the instructi...
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If you are trying to enter the sale of non-depreciable business property you can enter it as follows and not in Form 4835. The actual sale will fall onto Form 4797 which will occur with the instructions below. The reporting of the sale of property will go to the right place on your tax return. You may need to delete any entries you may have tried to make earlier. Gather any information you need from the assets/property that is being sold then use the steps below to enter the sale. Leave the depreciation line blank. Sale of Business Property: Income and Expenses at the top Scroll down to Other Business Situations For TurboTax Desktop: Business Income and Expenses > Less Common Business Situations Select Sale of Business Property Select Sales of business or rental property that you haven't already reported. Answer 'Yes' to Do all of the following apply...? Enter your sales information: Description of the Property (Machine Type) Sales Price/Sales Expenses Date acquired and date sold Cost Depreciation - $0 (may be best to leave it blank) @user17747024370
yesterday
If you received Rental Income reported on a K-1, the default treatment is Passive. To be considered non-passive, it has to be a short-term rental, or you're a Real Estate Professional. This means t...
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If you received Rental Income reported on a K-1, the default treatment is Passive. To be considered non-passive, it has to be a short-term rental, or you're a Real Estate Professional. This means that you spend 50% of your time managing the rental, and over 750 hours a year (documented) on rental activity.
This most likely doesn't apply to you for your K-1 Rental Income.
@otazisaoud1
yesterday
I don't know who is servicing whom. But this afternoon, I stoodby my computer Turbo Tax portal and my cell phone for 5 hours, wishign to hear back from my expert. She is supposed to be "full servic...
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I don't know who is servicing whom. But this afternoon, I stoodby my computer Turbo Tax portal and my cell phone for 5 hours, wishign to hear back from my expert. She is supposed to be "full service", for God's sake.
yesterday
SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantica...
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SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc
In order to transfer a past year return to the new return you need the tax file
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl
NOTE: TurboTax and the IRS save returns for seven years. Returns older than seven years are purged.
yesterday
Try clearing your cache and deleting your cookies. This usually resolves issues with no responses.
yesterday
@MollyShr
Here's a post on the five main points on the 1098-T (including when scholarship might be taxable)
https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-f...
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@MollyShr
Here's a post on the five main points on the 1098-T (including when scholarship might be taxable)
https://ttlc.intuit.com/community/college-education/discussion/re-what-do-i-do-with-form-1098t/01/3760212#M63114
yesterday
When entering a foreign pension in TurboTax without a TIN, you can use a substitute Form 1099-R. Here are the steps to follow: In TurboTax Desktop, check the box for "I need to file a substitute 109...
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When entering a foreign pension in TurboTax without a TIN, you can use a substitute Form 1099-R. Here are the steps to follow: In TurboTax Desktop, check the box for "I need to file a substitute 1099-R" and follow the prompts. In TurboTax Online, select "I'll type it in myself" and check "I need to prepare a substitute 1099-R." If the foreign pension provider does not have a TIN, you can enter a dummy TIN like 99-9999999 or 55-5555555. If errors occur due to the dummy TIN entry, you can enter the pension under "Miscellaneous Income."
yesterday
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended ret...
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Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
See this TurboTax support FAQ for amending a tax return -
CURRENT YEAR
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/filing/wheres-my-amended-return
yesterday
I have my 2024 tax return saved on a Windows 10 computer. Since I cannot use Windows 10 for 2025 taxes, I got a new Windows 11 computer and want to import data from my old computer. What's the easi...
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I have my 2024 tax return saved on a Windows 10 computer. Since I cannot use Windows 10 for 2025 taxes, I got a new Windows 11 computer and want to import data from my old computer. What's the easiest way to do that? I'm using TurboTax program for both 2024 and 2025 taxes on my PC.
yesterday
Hi, I paid to file my taxes, but it said there was a problem with my payment. I looked into other options and decided not to file with turbotax. I'd like a refund since I'm no longer filing. Thanks!
yesterday
Can anyone confirm if this statement is still true? If your expenses (mortgage interest plus property taxes) were more than the rent you received, you are not required to report the income. ...
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Can anyone confirm if this statement is still true? If your expenses (mortgage interest plus property taxes) were more than the rent you received, you are not required to report the income. We had a family member renting from us at below fair market rental value and are trying to understand the impact as it relates to not for profit/other income reporting. - Mortgage interest + property taxes = $24,896.32 for full year ($18,672.24 prorated for 9 months) - below fair market rental value income of $18,000 across 9 months in 2025. Do we need to report the $18,000 as other income? If so, where does that get reported?
yesterday
How much do you have on 1040 line 13b? If you aren’t getting the new Enhanced Senior Deduction on Schedule 1-A which goes to 1040 line 13b these should be the only reasons… Check your date of b...
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How much do you have on 1040 line 13b? If you aren’t getting the new Enhanced Senior Deduction on Schedule 1-A which goes to 1040 line 13b these should be the only reasons… Check your date of birth under My Info Check if your ssn is not checked for NOT valid for employment under My Info If you are married you have to file a Joint return not Separate Is your AGI over 175,000 Single or 250,000 Joint?
yesterday
You can arrange for the Live help you are paying the extra fee for with your questions from 5 a.m. to 9 p.m. Pacific time.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/...
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You can arrange for the Live help you are paying the extra fee for with your questions from 5 a.m. to 9 p.m. Pacific time.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US?uid=m8zw1pbb
yesterday
Where & how do I enter the sale of a 2nd home? I have no other investment income but I do have a 1099S and closing statement. In "Less Common Income" / "Sale of Home" only asks about the main home. ...
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Where & how do I enter the sale of a 2nd home? I have no other investment income but I do have a 1099S and closing statement. In "Less Common Income" / "Sale of Home" only asks about the main home. Also when I go to the "search" (top right) I'm taken to a virtual assistant which after having asked a question earlier in the process gives no option of asking any other question, so no help there. I realize that I'm probably missing a simple explanation/process but tghis has me stumped to the point of frustration . . . Thanks in advance for any and all help rendered.
yesterday
You may want to amend---but not yet. If you just e-filed, you have to wait for your original return to be fully processed before you try to amend, or you may confuse the IRS and delay your refund f...
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You may want to amend---but not yet. If you just e-filed, you have to wait for your original return to be fully processed before you try to amend, or you may confuse the IRS and delay your refund for a long time.
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/filing/wheres-my-amended-return
See this TurboTax support FAQ for amending a tax return -
CURRENT YEAR
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
yesterday
As long as you have the 2024 tax return and the worksheets, you can enter your assets exactly as they appear into your 2025 tax return. It will go faster than you think and all of the data will be th...
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As long as you have the 2024 tax return and the worksheets, you can enter your assets exactly as they appear into your 2025 tax return. It will go faster than you think and all of the data will be there for your tax return.
In TurboTax Desktop or TurboTax Online use the steps below to get started.
Search (upper right) > Type Schedule E or Schedule C (depending on your activity) > Click the Jump to.... link
Scroll to Assets and begin your entry for the assets that did not transfer
yesterday
If you have other tax documents from the same broker as the one on your 1099-DIV, you can use that number as it is usually the same across all documents for that broker. You can also try calling the ...
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If you have other tax documents from the same broker as the one on your 1099-DIV, you can use that number as it is usually the same across all documents for that broker. You can also try calling the issuer of the form to get the number.
If you imported that Form 1099-DIV, try deleting it and entering it manually. Manual input in my TurboTax Desktop program does not ask for the FEIN when I enter a Form 1099-DIV.
If you are using TurboTax Online you can delete a Form 1099-DIV as follows:
In your left panel of your TurboTax screen click on "Tax Tools"
And then Click on "Tools"
Click on "Delete a Form"
Scroll through your list of Forms
Click the garbage can next to "Form 1099-DIV"
If you are using TurboTax Desktop, you can delete a Form 1099-DIV as follows:
Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode"
In your left panel scroll down and look for "Form 1099-DIV"
In your right panel at the bottom of Form 1099-DIV, click on "Delete Form"
Click on "Yes" to confirm the deletion.
You can easily get back to the TurboTax screen where you will re-enter your Form 1099-DIV as follows:
Click on "Search" at the top right of your TurboTax screen.
Type "Form 1099-DIV" in the search box.
Click on the link "Jump to Form 1099-DIV"
Your screen will say, "add"
Select Add investments
Select Skip Import and Continue
Click on the box that says Dividends, (it will turn green) and select Continue
Enter your 1099-DIV information and continue through your TurboTax screens
Make sure all follow-up questions are answered.
Click here for Where do I enter my 1099-DIV in TurboTax Online? Please return to Community if you have any additional information or questions and we would be happy to help
yesterday
I will make sure the correct box is checked in the form! I will also look for the option to provide feedback! Thank you for the quick response!