Everyone knows there are tax benefits to having children and dependents
and some are pretty amazing! If you’ve ever had questions about the
popular Child Tax Credit (CTC) or Earned Income Credit (EIC), this is
the place to be! TurboTax does the think...read more
It seems the most popular question at tax time is “Can I deduct this…?”.
Of course you don’t want to pay more taxes than you need to; and you
want to get all the tax deductions and credits you’re entitled to take.
The resources below have helped many...read more
I am a home infusion/hospice nurse that works for a major hospital
chain. I commute directly from my home to a patient's home, work with
them, and then commute to another patient's home, etc. My work schedule
is set so that I see the same patients on...read more
IrasacoPosted yesterday
| Latest post an hour ago by
Irasaco
If I have a negative amount from rental income in a schedule E and
capital gains and dividends also would the rental income which is
negative offset the gains and dividends so I would qualify for the eic
I use my primary home for business (30% use). I'm using TurboTax for
Home and Business. I had thought that the energy tax credit would be
calculated as Total cost $6000 of biomass stove by 70% residential
portion of home, multiplied by 30% of the cos...read more
RowgirlPosted 2 weeks ago
| Latest post 2 hours ago by
Opus 17
Why would a consumer product start out by asking for control of my
keychain to install (before even getting the product key for
activation)? tmx-bpl_uuid_service being asked for with no explanation.
Awful UI or trojan exploit? Best I can tell, maybe ...read more
Bill0071Posted a week ago
| Latest post 2 hours ago by
Opus 17
I am considering doing a cash back refinance of my current home and
using the money to purchase a rental property. In this case, is the
interest on the loan deductible? It seems like it should be but I can't
find anything conclusive in IRS documents.
karlameyerPosted 6 hours ago
| Latest post 3 hours ago by
zomboo
First off, way is this checked yes? After spending hours reading forums
and various other posts, there was a bug in TT on a past return that is
causing this and requiring this? If so, why isn't there a fix or a step
by step solution guide? Isn't the ...read more
Purchased home 05/2016, mortgage of 585,000.Did cash-out refi in 11/2021
for 822,375.All cash proceeds of 222,768 were used to improve property
(pool, basement remodel, new screen porch, etc.).Would I be able to use
1M cap, rather than 750K cap, and ...read more
jb_atlPosted 13 hours ago
| Latest post 7 hours ago by
maglib
Hi,This is for Tax Year 2023 using TurboTax Home & Business Desktop
(Mac).Problem: TurboTax calculates by Foreign Tax Credit to be $0.
Here's my situation:I received bank interest from some foreign banks. I
paid foreign income tax on the bank interes...read more
gmangeshPosted a week ago
| Latest post 7 hours ago by
gmangesh
Can I skip this for now? it will take a lot of research to find these
figures and I'd like to finish for now and enter next year instead. Can
I just delete the amount that TT entered and go on? Thanks.