Other financial discussions

Community Chatter: Tax Credit

🤑 Hey there! 👋 Welcome to our TurboTax Community, we’re happy to have you join us. We have another fun #CommunityChatter post for you today. Are you tired of the same old tax deductions? Brace yourself for an awesome idealistic opportunity: on one ... read more

Getting Over Bad Money Decisions

Last week, on the Turbo blog, we talked about ways to forgive yourself and move on from past financial mistakes. CFSW, Marsha Barnes, shared five key ways to move on and get better with your money: 1. Recognize previous spending behaviors and forgive... read more

Alternative to IRS Free File Fillable Forms

Team, We had been filing US Federal Returns online thru IRS Free File Fillable Forms. Every year a User/Password had to be created. This time IRS has mandated to have a US Phone Number where a Text Message can be received. Since we are currently not ... read more

Turbo Tax charged me the incorrect price

When I placed my order for Turbo Tax online, the payment summary for the order was $167.20 plus tax, however, I was charged for $193.00 plus tax. Here is the proof when I placed the order, but they refuse to credit me back the difference. This is una... read more

Credited on Student Account

I have payment acknowledgement that the parents of a college student paid. the message on the paid acknowledgement says your payment will be credited on the student account. My question is what form do I use to enter the payment the parents made?

Rental Property Depreciation

I have a rental house that is depreciated since 01/01/2005, date in service. Using the SL method over 27.5 yr life, it has been depreciated $2,278 each year. Why does the Turbo Tax Premier for Rental Propery only allow a lower depreciation than what ... read more

subscription and billing options question

We were paying our accountant for our QB Online for the last couple of years. We decided to move on and took back the control and billing for the QBOL. I was paying the accounting firm $130 a month. I just got billed $172 from intuit for QuickBooks O... read more

Download Transaction History

Looking for help on how to download my transaction history from Mint, AFTER I was forced to migrate to Credit Karma.I tried to get help from Credit Karma and they said it is not possible to download the information from them, but suggested I reach ou... read more

1099-NEC

Although my initial question was answered, I still cannot determine how to offset the money from a 1099-NEC. I reported it as sporadic income as it was a one-time event. I do not see anywhere in the TurboTax program to enter an expense to offset it a... read more

QuickBooks Reconciliation Discrepancy([phone number removed])Call☎

Which statement is true about the reconciliation discrepancy report QuickBooks?Are you using QuickBooks for your business accounting needs and struggling with reconciliation discrepancies? If so, you've come to the right place. In this article, we wi... read more

1099R for deceased parent

I have a 1099-R for a distribution from my deceased mother's 401k. The distribution code is 4 (death). How do I report this on my income tax?

change depreciation amount

I bought a $400,000 rental property (condo) last year. The land value was entered as $20,000. The land value was entered too low in last year tax return. It seems the land value should be $80,000 or $120,000. Can I change the land value to $80,000 or... read more

Rmd withdrawal

My husband was born in 1946, died in 2007 age 60. I was the beneficiary in 2007. Do I have to pay RMD when he would of turned 73?I was 50 at the time of his death.

Advance Deposit

I received an advance from my client for traveling expenses. and I bill my client each month for traveling expenses. It is subject to refund upon conclusion of my consulting engagement. The client issued a 1099-NEC to me. Should it be reported as tax... read more