Can i use turbo tax for other family members
WebFeb 13, 2024 · Tax law provides for an extended period of time during which a surviving spouse may take up to $500,000 of home-sale profit tax-free, rather than being restricted … WebJun 4, 2024 · Yes, you can. However, you will need to create a new account to file multiple returns online. Never start another return by going back and overwriting everything in the …
Can i use turbo tax for other family members
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WebFeb 2, 2024 · Tax treatment of an LLC. The IRS assumes that LLCs with more than one member are partnerships for tax purposes. That means the LLC itself pays no tax, but taxable profits and deductible losses are passed through to the members, who are treated as partners under the tax rules. So at tax time, to keep the IRS happy, an LLC that … WebJun 4, 2024 · Can I let family members use my Turbotax premier, which I downloaded onto my desktop, on their computer? Do they use my account to download onto their computer? In the past I would get a CD which I would simply hand over to family members who can then do their taxes.
WebJan 13, 2024 · In the CD/Download version of TurboTax, you can prepare as many federal returns as you want.Up to five can be e-filed. Additional returns must be printed and mailed. You can also use TurboTax Online or the mobile app to prepare multiple returns, but each return requires its own unique login and must be paid for separately.. Most customers … WebJan 23, 2024 · If you use the same account and user ID for a second return, you overwrite the first one and lose it forever. When you use Desktop TurboTax, which you install from a CD or download to your own hard drive, you can prepare and e-file multiple returns for the cost of the software. You can e-file up to 5 Federal returns—more if you mail the ...
WebJun 3, 2024 · Compare TurboTax products. All online tax preparation software. Free Edition tax filing. Deluxe to maximize tax deductions. Premier investment & rental property taxes. Self-employed taxes. Free Military tax filing discount. TurboTax Live tax expert products. TurboTax Live Basic Full Service.
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WebJan 13, 2024 · While there are no IRS rules that specifically forbid you from depositing your refund into someone else's account, we don't recommend it. Most banks have fraud-prevention measures that won't allow a direct deposit into an account with a different name. If you decide to enter someone else's account information anyway, chances are the bank … hailee string elfWebOct 18, 2024 · By limiting their scope of authority, you ensure that the representative can't discuss other types of tax returns or other tax years without your authorization. Make sure you don't leave line 3 blank. If you do or if you use general terms like "all taxes" or "all years" in this section, the IRS will reject your power of attorney request. hailee strongWebApr 13, 2024 · The deadline to file your taxes is Tuesday, which is just around the corner. Filing U.S. tax returns — especially for the first time — can seem like a daunting task, but there are steps you can take to make it less stressful. Whether you do your taxes yourself, go to a tax clinic or hire a professional, navigating the tax system can be complicated … brandname shedsWebMar 18, 2024 · Employee Tax Expert. March 18, 2024 12:55 PM. No, your daughter will only access the downloaded file to install the TurboTax program. Your tax return is not saved online. It is saved locally on your laptop. Likewise, your daughter's return will be saved on her computer. She does not see your return and vice versa. brand names heat pumpsWebMar 21, 2024 · When you use Desktop TurboTax, which you install from a CD or download to your own hard drive, you can prepare and e-file multiple returns for the cost of the software. You can e-file up to 5 Federal returns—more if you mail the additional ones. If you have multiple returns to prepare for family members, Desktop is more cost effective. hailee swain basketballWebMar 24, 2024 · Still, whether you can claim a tax benefit for the financial help you provide to your family living abroad or not, nothing can take away the joy and satisfaction of helping them. If you have questions, you can connect live via one-way video to a TurboTax Live tax expert with an average of 12 years experience to get your questions answered ... hailees wedding ringWebFeb 16, 2024 · Key Takeaways. • The Child Tax Credit can reduce your taxes by up to $2,000 (tax year 2024) per qualifying child age 16 or younger. If you do not owe taxes, up to $1,500 of the child tax credit may be refundable through the Additional Child Tax Credit for 2024. • If you adopt a child, you may qualify for the Adoption Tax Credit, a ... hailee strong instagram