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toecheese
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- Got Cheered for Re: Is there any reason to enter charitable receipts if I am not itemizing?. June 28, 2020 11:55 AM
- Posted Re: Is there any reason to enter charitable receipts if I am not itemizing? on Deductions & credits. June 28, 2020 10:34 AM
- Cheered Re: why can't I contribute to an IRA when my wife has a SEP-IRA (but I don't)? for macuser_22. June 28, 2020 10:30 AM
- Posted Re: Can I deduct the turbo tax program and audit defense subscription off my schedule C? on Deductions & credits. June 28, 2020 10:29 AM
- Cheered Re: Is there any reason to enter charitable receipts if I am not itemizing? for DoninGA. June 27, 2020 7:20 PM
- Posted Can I deduct the turbo tax program and audit defense subscription off my schedule C? on Deductions & credits. June 27, 2020 7:19 PM
- Posted why can't I contribute to an IRA when my wife has a SEP-IRA (but I don't)? on Retirement tax questions. June 27, 2020 6:54 PM
- Posted Is there any reason to enter charitable receipts if I am not itemizing? on Deductions & credits. June 27, 2020 4:12 PM
- Posted delete me on Investors & landlords. June 20, 2020 2:38 PM
- Posted where would I find my AMT Carryover from the previous year on a Schedule E? on Investors & landlords. June 20, 2020 2:35 PM
- Posted Re: What line number do I fine the passive loss carryover for rental property on the Schedule E? on Investors & landlords. June 16, 2020 8:29 PM
- Posted Re: What line number do I fine the passive loss carryover for rental property on the Schedule E? on Investors & landlords. June 16, 2020 8:25 PM
June 28, 2020
10:34 AM
1 Cheer
Actually, I found a reason to enter them--for the state return. Some states (like mine, California), have lower standard deductions than the federal amounts, so entering charitable donations might generate tax savings on the state return. https://www.nolo.com/legal-encyclopedia/do-charitable-deductions-help-lower-my-state-tax-bill.html
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June 28, 2020
10:29 AM
Thanks. My schedule Cs are the only reason I buy Audit Defense--they are the most likely reason I'd get audited, since my Schedule A is so simple.
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June 27, 2020
7:19 PM
Normally if you use an accountant, you can deduct their charge for preparing your schedule C off next year's schedule C. But how do I do that with my purchase of the TurboTax program? Can I write that off my schedule C? Likewise, can I deduct my purchase of Audit Defense last year off this year's Schedule C?
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June 27, 2020
6:54 PM
My wife is contributing to her SEP-IRA but I do not have one (I do have a schedule C, but I am not making a SEP contribution from it). I'd like to contribute to a Traditional IRA instead. But TT tells me our income is too high while being covered by a retirement plan at work. I get that my wife's SEP means she's covered by a retirement plan at work, but why is that affecting my contribution? Shouldn't the two be separate?
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June 27, 2020
4:12 PM
I'm not itemizing (but I do have a schedule C). Is there any reason to bother entering all of my charitable receipts? They won't make any difference towards pushing me over the standard deduction amount.
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June 20, 2020
2:35 PM
I've read that my regular passive loss carryover can be found on form 8582, column b. But TT is also asking me for mt AMT carryover. Where would I find that on last year's taxes?
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June 16, 2020
8:29 PM
Do I enter this number as a negative or a positive?
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June 16, 2020
8:25 PM
where would I find the AMT Carryover from the previous year?
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