Can someone help me - this is driving me nuts. So I have no clue what I should be doing now with this form. I am then looking at Form 1099-B and see highlighted for Form 1099-K reconciliation with a dollar amount which is $500 less than what the 1099-K (I did state that $500 was a loss). Add sale(s) on this worksheet with sale proceeds to match the amount reported on Form 1099-K" "Form 1099-B worksheet: Amount from 1099-K has an amount from linked form(s) 1099-K, but the sales proceeds on this worksheet don't match the payment amount from Form 1099-K. I then run the "smart check" and I get the "check this entry" which says New Tax Laws & Changes BE INFORMED Key Tax Dates For Next Season GAIN KNOWLEDGE All Tax Tips & Resources However you file, your taxes are backed by our Tax Return Lifetime Guarantee We do your taxes for you Have a dedicated tax expert do your taxes from start to finish, usually in a day. But in any event, let's say $500 was for a loss. Of course, I do not have an exact dollar amount since it's been 20+ years. When I choose option A, I then am prompted with this entry - Enter the total proceeds for items sold at a loss or no gain. Then I am asked " Enter the total proceeds for items sold at a loss" with 2 optionsĪ) I sold some items at a loss or had no gain.ī) All items were sold at a loss or had no gain I cannot prove what was the original cost. However, filing a tax return for either of these entities requires you to prepare Form 1041, which many refer to as a. Just like your obligation to pay income taxes and file a return, trusts and estates must do so as well. For the most part (about 90%) I have made a profit on the older stuff just knowing I did not pay what i sold the items for. Video transcript: Hello, Im Scott from TurboTax with some important information about fiduciary income tax returns. As you may know, if you make 72,000 or less, you’re eligible for a free return through the IRS Free File program, including software provided by Intuit, the company that operates TurboTax. The odds and ends in my home I have had for 20+ years and have no receipts. They were labeled as 64bit rather than 32 bit.I have odds and ends at my home to make some extra money and sold them on ebay. Note: The Turbo Tax files were located in the Program Files and not the Program Files (x86) folder where they used to load. If this happens again, can I write over the Program files? What I don't understand is why this error happened, when the program worked fine at first and no changes to the program were made in between the original 2023 Turbo Tax file and the edit. Not being sure if I could reinstall over top of the Program Files, I deleted and shredded the files manually. There’s a new wrinkle: It turns out, Intuit, the maker of TurboTax, is deliberately hiding the truly free edition TurboTax Free File from Google Search. (Intuit), for deceiving consumers into paying for tax services that should have been free. The problem was that only parts of the "Program Files-TurboTax" folder and the desktop icon were deleted. Slatery III, along with New York Attorney General Letitia James, announced today they have secured 141 million from the owner of TurboTax, Intuit Inc. I uninstalled the program thru the "Control Panel-Features and Programs". Savings and price comparison based on anticipated price increase. E-file fees may not apply in certain states, check here for details. Additional fees apply for e-filing state returns. After installing it and successfully creating a 2023 return I re-opened Turbo Tax to amend the return and was told that I was missing files and to uninstall and reinstall the program. The IRS Free File program is a public-private partnership between the agency and the Free File Alliance, a group of tax preparation companies with online software such as TurboTax, TaxAct. TurboTax Desktop Products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. I never received the CD I originally ordered. tax file with these apps you could end up with a return that does not match what was filed. You can access a copy of the form on the TurboTax website and fill it out in a matter of minutes. Share or Use Your Free File Data with Our Partners (including Financial Companies) for Joint Marketing Purposes. the original program for that year issued by TT and would likely not reflect any law changes for those years. Completing Form 4868 allows you to obtain the extension to file your return. We will not market other TurboTax services to users of the IRS Free File Program. I installed Turbo Tax Deluxe with a download I received by phone thru Turbo Tax support. while you may be able to but the desktop apps for 2003 & 2004 on the web, they are likely the beta versions.
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