Browse
TurboTax Support
Go to TurboTax
Discuss
Discover
Community basics
Support
TurboTax™
TurboTax.ca
Open TurboTax
Sign In
Why sign in to the Community?
Submit a question
Check your notifications
Sign in to the Community
or
Sign in to TurboTax
and start working on your taxes
Discuss
Discover
Community Basics
Support
TurboTax™
Go to TurboTax
TurboTax Support
Browse by topic
Help Videos
Community
Community home
Discuss your taxes
Canada (English)
EN
Canada (English)
Canada (French)
United States (English)
United States (Spanish)
Main Menu
Canada (English)
Canada (French)
United States (English)
United States (Spanish)
Open TurboTax
Canada (English)
EN
Canada (English)
Canada (French)
United States (English)
United States (Spanish)
Main Menu
Canada (English)
Canada (French)
United States (English)
United States (Spanish)
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Yes
No
Hi Palms
Level 6
Member profile
Latest badges earned
View All
Replies
Posts
Re: Form 3115 unreported depreciation > 50,000
Yes, negative adjustment.Don't forget to attach a sheet showing your calculations.
Hi Palms
Updated
Apr 04, 2025
Re: Letters Testamentary will arrive after tax day
You can file an extension.https://www.irs.gov/pub/irs-pdf/f4868.pdfA 1310 is not needed if you are the personal representative and have a court cert showing you...
Hi Palms
1
Updated
Apr 03, 2025
Re: Form 709 gift of equity
You're correct but watch where you subtract the annual exclusion (the $18k per donee). That's in the computation part of Schedule A.
Hi Palms
Updated
Apr 03, 2025
Re: Form 709 gift of equity
You're going to have to allocate part of the basis to each donee.
Hi Palms
2
Updated
Apr 03, 2025
Re: Filing Form 709 for Deceased
@throwaway_123wrote:@Hi Palmsdoes the personal representative need to file form 56?Sure. Check the "709 box" in Section B, Line 4.
Hi Palms
Updated
Mar 26, 2025
Activity Feed for Hi Palms
Cheered
Re: Letters Testamentary will arrive after tax day
for swtxsteph.
yesterday
Cheered
Re: Filing Form 709 for Deceased
for throwaway_123.
a week ago
Cheered
Re: Filing Form 709 for Deceased
for RobertB4444.
a week ago
Cheered
Re: Trustee for irrevocable Trust changing states
for frankharry.
2 weeks ago
Got Cheered for
Re: My dad forgot to file a 709 6 years ago, question?
.
3 weeks ago
Got Cheered for
Re: My dad forgot to file a 709 6 years ago, question?
.
3 weeks ago
Got Cheered for
Re: I have a family trust that invests in private lending. Unfortunately, we’ve had to pay legal expenses to foreclose on some borrowers. Can I deduct legal expenses?
.
3 weeks ago
Cheered
Re: Form 709
for magicjack916.
4 weeks ago
Cheered
Re: Form 709
for jlavs.
a month ago
Cheered
Re: Clarification on Reporting Gift Splitting on Schedule A of Form 709
for Vlad63.
January 12, 2025
8:10 AM
Cheered
Re: Form 1041 title insurance, office, and mailing expenses
for rhalexda.
January 10, 2025
9:23 PM
Got Cheered for
Re: Form 1041 title insurance, office, and mailing expenses
.
January 10, 2025
5:15 PM
Got Cheered for
Re: Form 1041 title insurance, office, and mailing expenses
.
January 10, 2025
12:10 PM
Cheered
Re: Do I Need a New EIN?
for Hailun Feng.
December 30, 2024
12:28 AM
Got Cheered for
Re: How to start investing
.
February 19, 2020
3:04 PM
Got Cheered for
Re: As per Article 179 can I deduct 100% cost of used Tesla X 6000 lbs for 2019 for my business?(More than 50% business use. 2019 limits are up to 1 mil)
.
October 12, 2019
5:54 PM
Got Cheered for
Re: As per Article 179 can I deduct 100% cost of used Tesla X 6000 lbs for 2019 for my business?(More than 50% business use. 2019 limits are up to 1 mil)
.
October 11, 2019
5:59 PM
Got Cheered for
Re: Have 5 rent homes. Spent $ on items for 2. Should I answer Y or N to each TT question, "Did you buy any items for any ... rental property that cost $2,500 or less ...?
.
October 9, 2019
10:45 AM
Got Cheered for
Re: Bonus Depreciation
.
October 8, 2019
12:49 PM
Got Cheered for
Re: Question with contrabution deductions and posting
.
September 27, 2019
6:08 AM
Membership stats
154
Posts
9
Solutions
125
Cheers Given
27
Cheers Received
Member Since
3/30/2019
Public Statistics
Date Registered
March 30, 2019
1:45 PM
Date Last Visited
yesterday
Total Messages Posted
154
Total Cheers Received
25
Quick links
Community Guidelines
Sign In
Canada (English)
EN
