Activity Feed for AlanT
- Got Cheered for Single member LLC's income and expenses are reported as s.... November 10, 2019 8:28 AM
- Posted Unfortunately, you can no longer deduct the mileage. Mi... on Deductions & credits. June 7, 2019 5:28 PM
- Posted Mortgage information is entered on Form 1098, in TurboTax... on Deductions & credits. June 7, 2019 5:23 PM
- Posted The IRS has a provision that can help homeowners avoid ca... on Investors & landlords. June 7, 2019 5:21 PM
- Posted If you qualify for the exclusion to make all of your prof... on Investors & landlords. June 7, 2019 5:21 PM
- Posted Yes, you can enter the total charity miles as a single en... on Deductions & credits. June 7, 2019 5:18 PM
- Posted No Need. The IRS knows many people are in your position.... on Get your taxes done using TurboTax. June 7, 2019 5:17 PM
- Posted Unfortunately, you cannot E-file your State Income Tax Re... on Get your taxes done using TurboTax. June 7, 2019 5:17 PM
- Posted Unfortunately, you cannot add your 2017 gross income to y... on After you file. June 7, 2019 5:13 PM
- Posted Unfortunately, a state garnishment it is still considered... on After you file. June 7, 2019 4:45 PM
- Posted Yes, you can change for e-file to mail in as long as you... on Get your taxes done using TurboTax. June 7, 2019 4:37 PM
- Posted If you filed your income taxes with a TurboTax CD/downloa... on After you file. June 7, 2019 4:32 PM
- Posted No, you cannot e-file your 2017 income tax return with yo... on After you file. June 7, 2019 4:28 PM
- Posted If you already submitted your income tax return you do no... on Get your taxes done using TurboTax. June 6, 2019 2:36 AM
- Posted Miscellaneous deductions subject to the 2% limit, includi... on Investors & landlords. June 6, 2019 2:14 AM
- Posted bsch4477 gave the best solution. You would either have t... on Get your taxes done using TurboTax. June 6, 2019 2:14 AM
- Posted What can I do to be more helpful? Where does your daught... on Get your taxes done using TurboTax. June 6, 2019 2:14 AM
- Posted Yes, your daughter can use the software to prepare her in... on Get your taxes done using TurboTax. June 6, 2019 2:14 AM
- Posted Please see the FAQ below for information on removing data... on Retirement tax questions. June 6, 2019 2:10 AM
- Posted The new requirement to deduct the interest requires that... on Deductions & credits. June 6, 2019 2:10 AM
AlanT
Level 1
Member profile
June 7, 2019
5:28 PM
Unfortunately, you can no longer deduct the mileage. Miscellaneous deductions subject to the 2% limit, including unreimbursed job expenses (reported on Form 2106) have been repealed for tax years 2018 – 2025. Self-employed (Schedule C) filers can still deduct these business-related expenses, as they have in the past. The repeal of unreimbursed work-related deductions only affects wage- and salary-earning employees who don’t own a business or work as a contractor. Affected deductions include:
Job-search expenses
Home office†
Union dues†
Work-related travel, mileage, and transportation (including DOT per diem)†
Work-related meals, entertainment, gifts, and lodging†
Work-related tools and supplies†
Specialized clothing or uniforms†
Work-related education†
Investment fees and expenses
Safe deposit box rental fees
Depreciation on computers used for work† or investments
Membership in professional societies†
Subscriptions to professional journals or trade magazines†
Licenses and regulatory fees†
Malpractice insurance†
Tax-preparation fees†
Tax advice fees†
Educator expenses in excess of $250
Appraisal fees for casualty losses or donations
Hobby expenses
... View more
June 7, 2019
5:23 PM
Mortgage information is entered on Form 1098, in TurboTax - please follow these steps to delete:
In your return, Click on Federal Taxes
Click on Deductions & Credits
Under "Your tax breaks", click on Edit/Add button for Mortgage Interest, Refinancing, and Insurance
On the "Mortgage deduction summary" page, click on the trash can to the right of the Mortgage Lender which you wish to remove
Click on the "Yes" button in answer to the question, "Are you sure you want to delete this lender?"
The mortgage lender is deleted
Or
To remove the reference to home mortgage interest on your return, please follow these steps:
Click on Federal > Deductions & Credits.
In the Your Home section, click on the Start/Revisit box next to Mortgage Interest, Refinancing, and Insurance. [See Screenshot, below.)
Click Trashcan. Confirm deletion.
... View more
June 7, 2019
5:21 PM
The IRS has a provision that can help homeowners avoid capital gains on the sale of their primary residence. To qualify,
You must have owned your home and used it as your main residence for at least two years in the five-year period before you sell it.
You also must not have excluded another home from capital gains in the two-year period before the home sale.
If you meet those rules, you can exclude up to $250,000 in gains from a home sale if you’re single and up to $500,000 if you’re married filing jointly.
... View more
June 7, 2019
5:21 PM
If you qualify for the exclusion to make all of your profit tax-free, don't report the home sale. But make sure all your paperwork is in order to show the IRS if it asks.
... View more
June 7, 2019
5:18 PM
Yes, you can enter the total charity miles as a single entry. You do not have to list each trip separately. Note Keep the information from your mileage app in case the IRS ever questions the deduction.
... View more
June 7, 2019
5:17 PM
No Need. The IRS knows many people are in your position. They are going to waive the penalty. See the following from the IRS. <a rel="nofollow" target="_blank" href="https://www.irs.gov/newsroom/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018">https://www.irs.gov/newsroom/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018</a>
... View more
June 7, 2019
5:17 PM
Unfortunately, you cannot E-file your State Income Tax Return before you E-file your Federal Income Tax Return. You can, However, mail your State return at any time and E-file your Federal later.
... View more
June 7, 2019
5:13 PM
Unfortunately, you cannot add your 2017 gross income to your 2018 income tax return. Any income earned in 2017 must be filed on your 2017 income tax return.
... View more
June 7, 2019
4:45 PM
Unfortunately, a state garnishment it is still considered a refund and is considered income on your 2018 income tax return if you itemized in 2017.
... View more
June 7, 2019
4:37 PM
Yes, you can change for e-file to mail in as long as you have not filed. Please follow the instructions below
Sign in to your TurboTax Online account.
Click File and you’ll get to the [Your name], just (…) more steps and we'll file your returns screen.
Complete Steps 1 and 2 if you haven’t already done so, then click Start next to Step 3.
On the Let’s get ready to e-file screen, select File by mail, then on the pop-up screen make sure you select File by mail for federal and all of your states.
Follow the onscreen instructions to print your return.
... View more
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