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11 hours ago
Thank you for your reply. I thought that was the case but wanted to make sure and I did not double the entries. I am aware of everything stated under 'Medical Expenses' and my itemizations alwa...
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Thank you for your reply. I thought that was the case but wanted to make sure and I did not double the entries. I am aware of everything stated under 'Medical Expenses' and my itemizations always supersede the standard deductions. I'm not a novice when it comes to taxes - I've been doing them for over 50 years. TurboTax doesn't always (in most cases) provide the intent of some of the questions asked. Thanks again.
11 hours ago
deductible as medical expenses if you itemize.
11 hours ago
To file your deceased father's taxes while using your own email address, you must create a separate TurboTax Online account with a unique User ID. TurboTax Online only allows one federal return per a...
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To file your deceased father's taxes while using your own email address, you must create a separate TurboTax Online account with a unique User ID. TurboTax Online only allows one federal return per account per tax year; attempting to file his return under your existing account will overwrite your own data.
You can link up to five separate TurboTax accounts to a single email address.
Ensure you are completely signed out of your own TurboTax account.
Select the product you need for your father's return and choose Create an account.
Use your same email address, but create a different User ID specifically for your father's return.
11 hours ago
Do the adjusted gross income limits apply for 529 to Roth Conversions?
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11 hours ago
Hmm, looks like we hit a slight snag in this section
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11 hours ago
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11 hours ago
Hmm, looks like we hit a slight snag in this section
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11 hours ago
@jotlaptop , just work through the return. I say this because while US will recognize the full amount of Foreign Taxes paid, the allowable amount ( the amount reducing your US taxes ) is the lesse...
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@jotlaptop , just work through the return. I say this because while US will recognize the full amount of Foreign Taxes paid, the allowable amount ( the amount reducing your US taxes ) is the lesser of actual Paid and that imposed by the US on the same doubly taxed income. Thus the need for preparing thr return, so you know how much the credit is going to be.
The unused portion of the FT is carried ( back one year or forward ten years ).
Does this make sense ? Is there more I can do for you?
11 hours ago
I downloaded a state and paid for it in error how do I get a refund
11 hours ago
Annuity information. Annuity Start Date.
should not be completed. Distribution code 3 in Box 7 indicates that this distribution results from disability and the recipient is below the minimum retireme...
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Annuity information. Annuity Start Date.
should not be completed. Distribution code 3 in Box 7 indicates that this distribution results from disability and the recipient is below the minimum retirement age. The Simplified Method calculation cannot be used as the recipient does not begin recovering any costs until minimum retirement age is reached. Please verify the codes in Box 7 or remove your entries on the Simplified Method Worksheet.
1) there is no distribution code for box 7 on the RRB-1099-R. what is it talking about.
2) how do i get to the simplified Method worksheet?
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11 hours ago
Thank you so much, you were a huge help!
11 hours ago
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11 hours ago
capital loss carryforwards will be used to the extent of capital gains + $3,000. look at schedule D.
11 hours ago
To receive a certified version, you cannot simply download it; you must submit a formal request and have it processed by the state. Use the official Request for Copy of Tax Returns (DR 5714) form...
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To receive a certified version, you cannot simply download it; you must submit a formal request and have it processed by the state. Use the official Request for Copy of Tax Returns (DR 5714) form. On the form, you must explicitly check the box for a "Certified Copy" rather than just a standard copy. For security and identity protection, your signature on Form DR 5714 must be notarized before submission.
The Colorado Department of Revenue does not accept these requests via fax, email, or digital upload due to the requirement for original signatures. Mail the notarized form to: Colorado Department of Revenue Tax Files — Room B112 P.O. Box 17087 Denver, CO 80217-0087
11 hours ago
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11 hours ago
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11 hours ago
Here is how to amend a return to update for the 1099-R, from How do I amend my federal tax return for a prior year?:
"TurboTax Online
1. On the Tax Home screen, scroll down to Your tax return...
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Here is how to amend a return to update for the 1099-R, from How do I amend my federal tax return for a prior year?:
"TurboTax Online
1. On the Tax Home screen, scroll down to Your tax returns & documents and select 2025.
2. Select the Amend (change) return dropdown, then Amend using TurboTax Online. If you're told to amend your return via TurboTax Desktop, follow the steps for TurboTax Desktop instead.
3. Continue through the screens, make the changes you need to make, and carefully answer the remaining questions to finish amending your return."
11 hours ago
I had to reinstall TT premier , i had downloaded the NY tax and worked on it , but after reinstall it keeps looping tax software is uptodate and does not load state form. i have uninstalled a...
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I had to reinstall TT premier , i had downloaded the NY tax and worked on it , but after reinstall it keeps looping tax software is uptodate and does not load state form. i have uninstalled and rebooted and installed fresh
11 hours ago
Yes, it is perfectly fine for your entry to appear under the "1099-B" section even though you have a 1099-S. TurboTax uses the same investment interview (Form 8949/Schedule D) to process most propert...
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Yes, it is perfectly fine for your entry to appear under the "1099-B" section even though you have a 1099-S. TurboTax uses the same investment interview (Form 8949/Schedule D) to process most property and asset sales.
Since you sold a permanent easement but still own the underlying land, you usually do not have to pay tax on this money immediately. Instead, the IRS considers this a "recovery of cost". You should reduce the original cost (basis) of your property by the amount you received ($9,475).
Because the IRS received a copy of your 1099-S, you must report it to avoid a mismatch notice. To make it non-taxable: Enter $9,475 as the Sales Proceeds. Enter $9,475 as the Cost Basis (this results in $0 gain). Keep a record that your property's actual basis has now decreased by $9,475 for when you eventually sell the entire property in the future.