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The 5 Filing Statuses - Get it Right!

The first step to maximizing your tax refund - and possibly keeping the IRS at bay - is to use the correct filing status on your tax returns. If only it were as simple as choosing Single or Married. But alas, there are a whopping five (5) filing stat... read more

Jumpstart Your Taxes: Get Ready for Tax Time!

Be prepared and make tax preparation a breeze! Imagine how beneficial and stress-free it would be to not rush around last minute gathering your tax info. You can begin by making a list of what's changed since last year and gather your supporting docu... read more

Last Minute Tax Tips & Money Strategies!

The end of the year is more than just holidays, great food, and family! It’s also the perfect time to make smart money decisions, take action to reduce your tax liability and give yourself peace of mind! The following links are filled with tips and s... read more

Only one page Form 8949 (Copy 1) showing in "Forms in My Return" but 22 pages in Print Center!

When I view Form 8949 (Copy 1) in "Forms in My Return" it looks like a one page abbreviated summary, with only a few transactions for January and then line 2 is the Total for transactions for the rest of 2024. However, when I print "All Official Form... read more

Error

I file all my taxes correctly, I have T4A cause I am full time student last year and file my T4. Should be easy but it saying error and diffrent province of my self employment? I am not not self employed.

Convert a rental property to primary residence in Desktop version of Turbo Tax

Hello,I have a small rental property that I have rented out for over 15 years. At the end of 2023 I decided to make the home my primary residence but have not moved into it yet because I need to make major improvements and finish battling with the co... read more

Tax Rate for box 2a 1099 DIV

For every $1,000 I enter in box 2a of 1099-DIV my tax increases by $240, i.e. a 24% tax rate. I was expecting a 20% tax rate. Why the difference?

Can I remove the deluxe version of turbotax?

It is charging me and I wanted to use the free version

8338

My twins live with me full time. They spend every other Saturday and half Sunday with their dad. We agreed when the twins were born that I would claim one and he would claim the other. He has never had them longer than a day and a half. He wants me t... read more

Intangible Drilling costs - California Tax Return

How does one report Intangible Drilling costs on California Tax Return in TTD?

We support our daughter ,age 22, college student. TT gives AOTC of $ 2500 if we do not claim her as dependent. Should we say we have no dependent on our tax return ?

On our tax return, Turbotax specifically asks us if we have any dependents. IF we misrepresent this question for the American Opportunity tax credit, will there any issues? How does Turbotax give AOTC to a dependent ? Is there a flaw? Please advise t... read more

Where I have to enter the PIN (error 181) in my TurboTax Delux software, please?

Question about Form 6252

Hello! I did an installment sale this year to sell my rental property. The buyer paid off my existing mortgage on the rental property. This is a part of the selling price. So for example I sold the property for a selling price of 400k and the mortgag... read more

I am Having trouble getting a verification code. The forms are done, my email is correct, my cell phone number is correct. When I set up the form, it sends me a

How can I get my final verification code

Capital loss carryover not offsetting my capital gain. Not show in the Schedule D

Why my 2023 loss carryover not show in the 2024 schedule D and not offsetting 2024 gains. I have input manually the carryover losses info from 2023 tax return as per TT instruction. Pls advise how to manual change the loss carryforward for year 2024 ... read more