Ashby
New Member
Member profile
Activity Feed for Ashby
- Got Cheered for You need to report this as 1099 income that's not self-em.... July 15, 2020 6:50 PM
- Got Cheered for The default tax method of depreciation for equipment is M.... June 16, 2020 4:59 AM
- Got Cheered for I see no reason why you can't. The qualifications are lis.... May 16, 2020 7:09 PM
- Got Cheered for Medical expenses are still deductible in the post tax ref.... April 25, 2020 2:30 PM
- Got Cheered for You can deduct student loan interest paid from a Parent P.... March 29, 2020 2:33 PM
- Got Cheered for Nothing in the MA code says you cannot. More importantly,.... March 29, 2020 9:58 AM
- Got Cheered for The default tax method of depreciation for equipment is M.... March 16, 2020 10:45 AM
- Got Cheered for Yes it should be zero. And you're right, it is an odd que.... February 27, 2020 7:33 PM
- Got Cheered for Unfortunately, no - See below: The IRS also notes that re.... February 11, 2020 4:46 PM
- Got Cheered for Yes, there will not be an additional charge to attempt th.... February 7, 2020 7:51 AM
- Got Cheered for No, you do not need to delete. Even though you can see th.... November 8, 2019 1:21 PM
- Posted My apologies, I jumped right to real estate professional... on Investors & landlords. June 11, 2019 10:29 AM
- Posted Under Income & Expenses, you will enter your properties u... on Investors & landlords. June 11, 2019 10:29 AM
- Posted There are exceptions to the 10% tax penalty for early dis... on Retirement tax questions. June 7, 2019 5:43 PM
- Posted The IRS should catch the double payment and issue you a r... on Get your taxes done using TurboTax. June 7, 2019 5:37 PM
- Posted If you've already filed your federal taxes, here's how yo... on After you file. June 7, 2019 5:26 PM
- Posted Do you know for sure you had a penalty? You have no penal... on Get your taxes done using TurboTax. June 7, 2019 5:03 PM
- Posted If you have filed your return and paid your tax due, then... on Get your taxes done using TurboTax. June 7, 2019 5:03 PM
- Posted You should mark no. These referral bonuses should be cons... on Get your taxes done using TurboTax. June 7, 2019 5:02 PM
- Posted An extension payment is if you request an extension of ti... on Get your taxes done using TurboTax. June 7, 2019 5:02 PM
a week ago
1 Cheer
Simple answer: No.
The event of paying off a student loan is not deductible by anyone.
Only the interest paid on a student loan is deductible. You cannot deduct that interest, even though you paid it, since you were not legally obligated to do so. There might be one exception: if your spouse co-signed the loan with his/her son and you file a joint a return with your spouse.
Your stepson may deduct the interest you paid, under the theory that you paying it was a gift to him and it really was him paying it.
If educational expenses were paid with loan money, in 2020, those expenses qualify for the student (or whomever claims him as a dependent) to claim an education credit
... View more
a week ago
@dickpodolec wrote:
How can I reach an agent who can answer a question I have.?
What # can I call?
Ask your question here and someone should be able to help you.
See this TurboTax support FAQ on how to contact Support - https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991
... View more
2 weeks ago
I claim my adult son who hasn't had a job in the last two years, and I pay for everything that he need except medical. His wife left 2 yrs ago and went back home to England. I was doing an estimate of my taxes and add him on my taxes like i did last year Now they are charging me for his medical for a 750.00 for the year 2020. Did something change.
... View more
July 16, 2020
12:55 AM
Link doesn't help. I think what people are asking is after filling out your extension request, while using TurboTax, after finishing the form, TurboTax will open the form with Adobe, after printing it off (Which is fine) what Id like to know is does the software submit this for you? And if so, how do we track that?
... View more
https://ttlc.intuit.com/community/college-education/discussion/do-tuition-fees-paid-at-international-universities-count-towards-education-credits-line-50/00/128014
... View more
July 12, 2020
5:36 PM
1 Cheer
If you incorrectly submitted the nonfiler form to request your economic impact payment ("stimulus check") even though you needed to file a tax return then yes, this will cause you to be ineligible to e-File a tax return this year. A tax return was filed when filling out the nonfiler form. Your tax return will be required to be submitted by mail.
@dluchs
... View more
July 12, 2020
5:24 PM
Agreed. I was tricked into upgrading to Premier for the purpose of reporting cryptocurrency, but it's only in the app, not the downloaded desktop version.
... View more
July 6, 2020
12:19 PM
The reference link in this post is nice, but the program should have this explanation in the right-click "about interest adjustment", and it should have a "Data Source" link back to the calculation or source value.
... View more
July 5, 2020
12:24 PM
To enter your paid family leave reported in box 3 of a Form 1099-MISC, use the path Federal>>Income and Expenses>>Other Common Income>>Form 1099-MISC.
For purposes of this PFL 1099-MISC, you select "didn't involve work like my main job" (because you were on leave, not working) and "didn't involve an intent to earn money" (same reasoning, you were on leave not working).
... View more
June 25, 2020
1:15 PM
" Incorrect. You must enter on your federal 1099-R form indicating it came from active military status - it will then automatically include it on your MA return. " brmosena1, since your most recent reply repeats as being the correct what I have already said, I must assume that you are agreeing with me that the original answer is incorrect, not that my correction to the original question is incorrect. This question is also talking about a MD tax return, not a Massachusetts tax return.
... View more