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Wheres' my refund it's been 4 months - no notes, no letters from IRS - "just being processed message" inquiry filed w/IRS - still waiting since Feb 1st. Very much appreciate this advice. I followed these instructions today and got through to a rep who told me my return (filed April 15) is under “examination” by the same department who ...
Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday. When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line. So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead.
I only entered the Schedule E expenses for the months the single family home was advertised or rented (7 months or 183 days). Example, I used 183/365 x property taxes to get my number. </p><p>Turbo Tax is using a full year of depreciation for the rental house, stove, refrigerator, etc. just like last year.
Why did I receive a check from the United States Treasury in the mail today after already receiving my tax return through direct deposit? Only the IRS can tell you. A separatre letter will be on the way to you from the IRS.
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
To be claimed as a dependent, your relative must also: In addition, children who were under 19 at the end of 2023 (24 if they attended school full time for at least part of five calendar months of the year) must have lived with you for more than half of the year to be claimed (time spent away at school counts as time lived with you if your home ...
You must make quarterly estimated tax payments for the current tax year if both of the following apply: - 1. You expect to owe at least $1,000 in tax for the current tax year, after subtracting your withholding and credits. - 2. You expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your current ...
It seems like a couple times a week I keep getting emails from TurboTax telling me I need to file my taxes. Today I got a "scare" email telling me if I don't file: Don’t wait. The Failure to File penalty is 5% of your unpaid taxes for each month that your tax return is late. I filed my taxes months...
But what turbotax did was calculate the average for the first house as ($422k+0)/2 = $211k. Then added the entire amount of the 2nd house mortgage $1.1m to that amount = $1.3m. And calculated my deductible interest as 750k/1.3m = 58% of all the interest I paid ($16k) = $9,280.
However, since the jointly yearly wage is 150k, I can't deduct the loss. If I split the expenses between Schedule E (5 months of the expenses) and Itemized Deduction (7 months of expenses), I have a smaller loss in Schedule E but I can deduct the rest on Itemized Deductions. I wonder if in this case the splitting is applicable. Thanks.