Tag Archives: turbotax

TurboTax The License Code You Entered is Not Valid (Error Code: 606) [SOLVED]

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So you bought TurboTax online from Amazon (or another seller), downloaded it from InstallTurboTax.com, and now you’re staring at that frustrating “The license code you entered is not valid. Error code: 606” or “Error code: 607” message? 😡 Yeah, it’s a headache, but let’s break down what’s happening and how to (hopefully) fix it. ✅ Why Is This Happening? Error Code 606 usually pops up due to a mismatch between the version you purchased and the version you downloaded. TurboTax

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TurboTax 2024: Which Version to File a Trust Tax Return (Form 1041) in 2025?

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Filing taxes for a trust? 🤔 You’ll need the right TurboTax version to avoid any headaches. Here’s the quick answer: If you’re filing for a trust (Form 1041) You need TurboTax Business 2024. ✅ This is the only version that supports trusts, estates, and corporations. Other versions (Deluxe, Premier, etc.) won’t work for this. You can grab it here:👉 TurboTax Business 2024 on Amazon What if it’s a living trust? Good news! 🎉 If your trust is revocable (aka a

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How to add third party designee in TurboTax? [SOLVED, Desktop version]

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Question. Can you explain step by step how i add how to add 3rd party designee in Turbotax? Answer. Sure, I can explain how to add a third party designee in TurboTax.  A third party designee is a person you authorize to answer questions and provide information regarding federal tax issues on your behalf. You can do that only in the Desktop installed program using Forms Mode. There is no question and answer steps for it. Here are the steps to

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How to maximize my Earned Income Credit [Self Employed]

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Here is some very helpful info if you are self employed with (or without) chilren and you want to know the maximum credit you may receive: How Is My Earned Income Credit Calculated? TurboTax can calculate this for you automatically. The amount of your earned income credit depends on: – Your income (both your wages & total income are part of the calculation) – How many qualifying children you have: none, one, two or three. To receive the maximum credit

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Update Quicken 2015 to R5 for taxes

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Quicken has recently (3/24/2015) released their version R5 patch for Quicken 2015. If you like to have all your financial software up to date while doing taxes, you may want to backup and then perform the upgrade! There are a couple ways you can update, you can find info on both below. #1 Perform a “One Step Update” from the Tools menu in the application, after the update completes it should show you a notice about the new update: After

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