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- Got Cheered for It depends. Those states each require a tax return. You.... July 30, 2019 3:33 PM
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- Posted It will get it through the system. on Deductions & credits. June 11, 2019 9:08 AM
- Posted You'll have to, unless your mom is willing to let you put... on Deductions & credits. June 11, 2019 9:08 AM
- Posted Change the method you are using. Rather than use Sectio... on Deductions & credits. June 7, 2019 5:32 PM
- Posted In your initial question you mentioned that you had less... on State tax filing. June 7, 2019 5:20 PM
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- Posted If you are not a bona fide resident of Puerto Rico, you a... on State tax filing. June 7, 2019 5:20 PM
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DanielV01
Level 12
Member profile
June 11, 2019
9:08 AM
You'll have to, unless your mom is willing to let you put her information there. It won't hurt anything since you will not be claiming any child care you actually paid to her. If in a worst-case scenario you get a diagnostic error for a zero, then change the amount to $1.
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June 7, 2019
5:32 PM
Change the method you are using. Rather than use Section 179, what you want to claim is Bonus Depreciation. This IRS website explains in more detail: Bonus Depreciation on Vehicles. You will see this information on the site: The new law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017. If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation deduction is:
$10,000 for the first year,
$16,000 for the second year,
$9,600 for the third year, and
$5,760 for each later taxable year in the recovery period.
If a taxpayer claims 100 percent bonus depreciation, the greatest allowable depreciation deduction is:
$18,000 for the first year,
$16,000 for the second year,
$9,600 for the third year, and
$5,760 for each later taxable year in the recovery period.
The new law also removes computer or peripheral equipment from the definition of listed property. This change applies to property placed in service after Dec. 31, 2017. Section 179 is calculated differently, and is limited to $10,000 on a vehicle. So to get $18,000, you need to use bonus depreciation.
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June 7, 2019
5:20 PM
In your initial question you mentioned that you had less than the required amount to file a PR return. If you were to file a PR return your US income is excluded. You can file if you choose, but it doesn't sound like you have to. But I provided the website in my answer to Puerto Rico's Department of Taxation to further assist you, since TurboTax does not prepare Puerto Rico returns.
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June 7, 2019
5:20 PM
I'd need a little more detail to answer your question. If you'd like, could you post a separate question providing detail specific to your situation? Two situations may seem the same and be completely different.
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June 7, 2019
5:20 PM
If you are not a bona fide resident of Puerto Rico, you are not required to file a Puerto Rico return. You will report your income to the U.S. in this case. The following link provides more information on this subject: Topic No. 901. Of note on that link is the following parragraph:
U.S. citizens and resident aliens who aren't bona fide residents of Puerto Rico during the entire tax year are required to report all income from worldwide sources on their U.S. income tax return. However, a U.S. citizen who changes residence from Puerto Rico to the United States, and who was a bona fide resident of Puerto Rico for a period of at least two years before changing residency, can exclude any Puerto Rican source income from his or her U.S. income tax return attributable to the part of the year he or she was a bona fide resident of Puerto Rico. (Bolding added)
The general rule is that you either taxed in Puerto Rico or the United States, but not to both. Puerto Rico will not factor in your US income because you are not a bona fide resident of Puerto Rico. However, if you do need access to the Puetor Rico Department of Revenue, you may visit this website (in Spanish): http://www.hacienda.gobierno.pr
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June 7, 2019
5:18 PM
The instructions you are looking at are for 2017, but I just reviewed the 2018 instructions. No change. You meet the definition in New Mexico of a first-year resident.
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June 7, 2019
5:12 PM
This FAQ provides information on how to amend a state return: https://ttlc.intuit.com/replies/4653469
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