Other financial discussions

Join TurboTax Community: Your Tax & Finance Guide for Credit Karma Members!

As you may know, getting your free credit scores through Credit Karma is just one part of your financial journey. Although understanding your credit score is crucial for making important decisions, it’s just one part of the puzzle in managing your fi... read more

Getting Over Bad Money Decisions

Last week, on the Turbo blog, we talked about ways to forgive yourself and move on from past financial mistakes. CFSW, Marsha Barnes, shared five key ways to move on and get better with your money: 1. Recognize previous spending behaviors and forgive... read more

How to gift an ounce of gold to each of my adult children?

I have two 1-ounce bars of gold that were given to me with no records from a friend a couple of years ago. I want to pass them along to my son and daughter as Christmas gifts, one bar to each of them. I would not want them to have to pay capital gain... read more

I am located in Texas. I am a mother not working the father is not on the birth certificate due to an unresolved marriage. Can I allow him to claim my son on his taxes if I receive WIC, Food stamps and Medicaid? Or is it not even worth it?

My boyfriend provides other things such as baby necessities and shared custody. He makes about 75,000 a year. I am on benefits and am not working but have agreed to let him claim him will this open up a child support case or cause any legal issues fo... read more

sale of a home

my husband and I have lived in our home for 25 years...the deed however is in my name and my sisters. she has no claim to the home...how would the capital gain work here...can my husband and I claim the full exclusion of $25K each...we meet the look ... read more

Got 2 stimulus checks

My aunt got 2 stimulus checks. She sent one back But the irs said they never got it And they are charging her interest every day

Why $70 for TurboTax desktop 2024 from Intuit when $55 on Amazon.

Talking Desktop Deluxe here and not trying to give Intuit a hard time, well not too hard of a time, but why the price disparity between Intuit's $70 charge and the same product from Amazon for $55 - as it seems both are available early as opposed to ... read more

Accidentally paid for US package, needa Canadian turbotax package

Hi,I accidentally bought a turbotax package for the US. Is there a way to exchange it or get a refund?! I need a Canadian Turbotax package!

How likely am I to be audited if the Bank files a form 8300 for a large cash deposit?

My mother is on hospice watch and I'm preparing to deal with estate / will / property issues. I believe she has a large sum of money exceeding $10K in her safe. I know of FinCEN / IRS form 8300 requirements if there is a large cash deposit of $10K or... read more

2024 on mac

So if I can’t put Ventura on my Mac and I have old returns there and I do t want to do the TurboTax cloud version is my only option to buy a new computer?

Need in-depth tax help. Need to go over several years. Is this something that your company offers?

Using Carryover losses from prior

Let’s say I have $10,000 carryover losses from prior year. Filing jointly.1) Scenario 1(A) This year, I have $7,000 gain, that mean I can use $7,000 carryover to offset all the gain, leaving $3,000 left carryover, CORRECT?(B) Can I ALSO use the last ... read more

Converted Primary residence 1985

Primary residence purchased in 1985, converted to rental in 1990. Converted back to Primary residence in 2024. Need help finding rules impacting sale in the future.I remember reading something previously that homes owned prior to a certain date were ... read more

2024 desktop possible error in forms

i have installed 2024 Turbo tax Deluxe. upon reviewing I believe I found an error in 2024 Capital Loss carryover Worksheet. Line 1 and Line 9 has different numbers from the 2023 Capital Loss Carryforward Worksheet. Who do I contact? Does the tech peo... read more

Questions about gift tax and capital gains

My sister did a quitclaim deed to transfer her house to our three children, with a life estate option. Are there gift tax implications? She subsequently passed away while living in the house, and the house was sold. What kind of capital gains from th... read more