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From the community
Daughter NY State taxes find error: Deductible Home Mortgage interest Wks: Principal paid -1 is not between prescribed upper and lower limits. Principal paid -232. Means?
From the answer: I had precisely the same problem.... I spent several hours on the phone the past two days with TurboTax customer service reps, including a CPA.
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From the community
will the deluxe version of turbotax address QCDs?
From the answer: Yes. Deluxe can handle QCDs.
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From the community
Can I take non cash donations made this year in 2019 if I took the standard deduction for 2018?
From the answer: Yes, you can certainly deduct contributions made in 2019 on your 2019 tax return.... You cannot take a deduction on your 2019 tax return for contributions made in 2018.
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From the community
When closing business, still have to "dispose" of business property even if still own (not selling or donating)?
From the answer: In the program you need to take all the assets out of service to stop the depreciation even if they are actually sold but converted to personal use ... then later you will add them back into the asset section of the new business.
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From the community
Wife works out of house in IL for a company in NJ full time. Can she write off home office since there is no office here for her? If so, How She has in past
From the answer: No. Remote employees working from home can no longer take the home office deduction as of 2018 due to the Tax Cuts and Jobs Act that was signed into law in December of 2017.
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From the community
How do I find an IRS Notice by it's number?.
From the answer: Notice 87-32 provides that a trust or estate that has a short taxable year (a period of less than 12 months) must pay installments of estimated tax on or before the following: The fifteenth day of the fourth month of such taxable year, The fifteenth
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From the community
How do I file a final return for a partnership that ends after 4 months into the year?
From the answer: On line G (2) Form 1065 there is a box next to the word Final where you would click to make it a final return.
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From the community
Can I enter properly taxes paid on a home sold in late 2018? I paid all property taxes on that property and paid property taxes on my new Home in 2018. Can Both be added?
From the answer: Yes , you can claim property taxes paid on both homes.
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From the community
I am using TT Business to prepare estate income tax returns. How do I obtain Maine form 1041ME? I am in Wisconsin, ME does not appear in drop-down list for add'l states.
From the answer: TurboTax Business does not support state software for the State of Maine (due to low demand).... Sorry.... See https://ttlc.intuit.com/questions/1900548-which-states-are-not-supported-in-turbotax-business
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From the community
Can I get a refund advance?
From the answer: Please see below for information on obtaining a refund advance.... https://ttlc.intuit.com/replies/6467221
