wendyle1993
Level 3
Member profile
- Replies
- Posts
-
Understood. But the 2022 foreign tax credit was $126,735 while the tax paid was $81,258, utilizing the previous years' carryover, and TurboTax accepted it witho...
-
Thanks! Is the gain on disposal of property part ($31,408) of the gross income ($188,024), and I should leave out the $31,408, otherwise it will be double count...
-
I have received the following numbers for AJ:Aggregate Business Activity Gain (Loss) on Dispo. of Property, $31,408Aggregate Business Activity Gross Income, $18...
-
OK, now I understand the concept. I am wondering if the foreign income exclusion of $120,000 will be added back for calculation if I am taking a foreign tax cre...
-
It worked. Thanks a lot!
Activity Feed for wendyle1993
- Posted Why there is a reduction in foreign taxes adjustment in carryover calculation sheet by Turbotax? on Get your taxes done using TurboTax. ‎April 14, 2024 10:57 AM
- Posted Re: Foreign Tax Credit Carryover on Get your taxes done using TurboTax. ‎April 14, 2024 7:28 AM
- Posted $7,500 IRA contribution limit on Get your taxes done using TurboTax. ‎April 13, 2024 2:04 PM
- Posted Foreign Tax Credit Carryover on Get your taxes done using TurboTax. ‎April 11, 2024 9:02 PM
- Posted Form 1116 - Foreign Tax Computation Worksheet does not allow the current year credit exceeding the payment on Get your taxes done using TurboTax. ‎April 11, 2024 4:17 AM
- Posted I replaced an a/c for a rental property. How to calculate the depreciation expense of this? on Get your taxes done using TurboTax. ‎April 10, 2024 4:04 AM
- Cheered Re: Why my calculation of depreciation expense is different from Turbotax for MinhT1. ‎April 10, 2024 3:51 AM
- Cheered Re: For self-used property later converted to rental property, how depreciation expense is calcul... for PaulaM. ‎April 10, 2024 3:51 AM
- Posted For self-used property later converted to rental property, how depreciation expense is calculated? on Get your taxes done using TurboTax. ‎April 9, 2024 6:02 AM
- Posted Why my calculation of depreciation expense is different from Turbotax on Get your taxes done using TurboTax. ‎April 9, 2024 5:59 AM
- Posted K-1 Box 13A on Get your taxes done using TurboTax. ‎April 9, 2024 5:39 AM
- Cheered Re: If I live in PA, but have a rental property in FL. Do I need to file FL state tax return? for tagteam. ‎April 8, 2024 6:21 PM
- Posted If I live in PA, but have a rental property in FL. Do I need to file FL state tax return? on Get your taxes done using TurboTax. ‎April 7, 2024 2:40 PM
- Posted Should I report rental income from another State to my own State tax? on Get your taxes done using TurboTax. ‎April 7, 2024 2:27 PM
- Posted Re: 1065 K-1 Box 20 AJ Code on Self employed. ‎April 2, 2024 4:57 AM
- Posted Re: 1065 K-1 Box 20 AJ Code on Self employed. ‎March 31, 2024 9:52 AM
- Posted Re: I came up a different number of tax amount than Turbotax on Get your taxes done using TurboTax. ‎March 2, 2024 6:33 AM
- Posted I came up a different number of tax amount than Turbotax on Get your taxes done using TurboTax. ‎March 2, 2024 5:03 AM
- Posted Can I offset my stock trading loss against my rental income? on Investors & landlords. ‎February 29, 2024 5:37 AM
- Posted If I never rent out my second home, when I sell it for a profit, should I add back any depreciation recapture? on Investors & landlords. ‎February 13, 2024 2:54 PM