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It would be better to use the date when you started keeping mileage and expense records as this would be "official" and you have records to back up your claims.  
line 26 Total Payments/credit of Virginia form 760 shows zero amount. It does not reflects taxes that was withhold in W-2
The prices vary according to your individual situation. You can start for free, and if you have a basic/simple situation you might be able to file for free.  As you work on your return, you might nee... See more...
The prices vary according to your individual situation. You can start for free, and if you have a basic/simple situation you might be able to file for free.  As you work on your return, you might need to upgrade to a different version of TurboTax. You will know exactly what you are being charged depending on the type of forms or schedules you need to file. See the link below for additional information. You can click what applies to you and will know the price range for that situation.    Know Your Price Up Front
Hello, I think this has been asked before but a conclusive answer still eludes me. Here's my scenario:   Say 100 RSU from my employer vested at $50 each Right on that day and the same price, 30 ... See more...
Hello, I think this has been asked before but a conclusive answer still eludes me. Here's my scenario:   Say 100 RSU from my employer vested at $50 each Right on that day and the same price, 30 socks were sold (30 * $50 = $1500) by my employer to pay for taxes. So, I'm left with only 70 vested RSU now. My employer reported $5000 in the W2 as earned income for #1 2 years later I sold the remaining stocks at $70 (70 * $70 = $4900) Now, what is my cost-basis for reporting #4 while filing taxes: Is it $5000 since that was reported in W2 Is it $3500 since the per stock price was $50 and I had 70 RSU remaining thanks in advance!
My work sent me to Ohio for a few days --- so I received a W-2 from Ohio for wages earned while in that state. Do I need to file a state return in Ohio? Or do I just need to consider claiming the tax... See more...
My work sent me to Ohio for a few days --- so I received a W-2 from Ohio for wages earned while in that state. Do I need to file a state return in Ohio? Or do I just need to consider claiming the taxes I paid in Ohio on my California return? (Ohio state wages show as $2,614, local wages as $2698, state income tax at $66 and local income tax as $68)
Yes, a capital loss should lower your tax bill, not increase it.   Are you sure it is not your refund amount that went up?   What is on Line 7 of your tax return?  Preview Form 1040 in TurboTax Onlin... See more...
Yes, a capital loss should lower your tax bill, not increase it.   Are you sure it is not your refund amount that went up?   What is on Line 7 of your tax return?  Preview Form 1040 in TurboTax Online.   Use Forms Mode if you are using the desktop software.   Cryptocurrency Guide
Thank you so much for reviewing it. The gain was based on the Zonal/BIR value from the document we received after paying for the estate taxes of my dad. That was less than 4 years before the sale of ... See more...
Thank you so much for reviewing it. The gain was based on the Zonal/BIR value from the document we received after paying for the estate taxes of my dad. That was less than 4 years before the sale of the land. The Zonal/BIR value is very low compared to the offers we were receiving. We didn’t take the highest offer and took a lower offer from a family member so I feel like the Cost basis should be higher and the gain is lower (even a loss)? How do I handle that?  The land was in a very rural area in the Philippines.  Thank you! 
I found the worksheet but was unable to enter the code in column F . Can you please advise. Thanks
I sold stock held in my Personal Asset trust.  I am the trustee and sole beneficiary of the trust.  I made a profit, and left the proceeds of the sale in the trust.  So I'm not sure if the proceeds h... See more...
I sold stock held in my Personal Asset trust.  I am the trustee and sole beneficiary of the trust.  I made a profit, and left the proceeds of the sale in the trust.  So I'm not sure if the proceeds have been "allocated", or not.   Business TurboTax aske me:   "Enter the portion of your long-term capital gain that is allocable to the beneficiaries"   Question:  What do I put down?  $0?  Or the full $ amount of the gain?
For tax year 2024, I was a resident alien, and my spouse was a nonresident alien. For the federal return, we are going to treat my NRA spouse as a resident for US income tax purposes and choose Marri... See more...
For tax year 2024, I was a resident alien, and my spouse was a nonresident alien. For the federal return, we are going to treat my NRA spouse as a resident for US income tax purposes and choose Married Filing Jointly in Form 1040. For GA state tax return, however, could we still treat my NRA spouse as a resident for tax purposes and choose Married Filing Jointly in Georgia Form 500? My spouse and I lived in GA the entire year (2024) and had no any income out of GA. Thank you.
HI I forgot to change to new bank account after my taxes were completed and sent in  
Sounds like exactly what I've been doing for years and years. I'm letting it hold for a few days and if TurboTax still won't let it be fixed, I'm just deleting the form. It's almost exactly right, ju... See more...
Sounds like exactly what I've been doing for years and years. I'm letting it hold for a few days and if TurboTax still won't let it be fixed, I'm just deleting the form. It's almost exactly right, just off where I gave a few refunds and I've already been taxed elsewhere for it, so why do I need it???
If you're using TurboTax Online, clear your Cache and Cookies after the first import.  If the second import uses the same Sign In credentials, however, it may import over the first one.   If the ... See more...
If you're using TurboTax Online, clear your Cache and Cookies after the first import.  If the second import uses the same Sign In credentials, however, it may import over the first one.   If the brokerage account allow you to choose what to import, you could chose the largest one (1099-B, maybe?) and make a one-line entry for the totals for each account for 1099-INT/DIV items.     In TurboTax Online, you can attach a PDF copy of your 1099-B to your return.  For TurboTax Desktop, here's How to Enter a Summary in Lieu of Individual Transactions.  This is perfectly acceptable to the IRS, since they have copies of all your 1099's.   Since you're having issues importing from two different brokers, here's How to Turn Off Anti-Virus Programs, which may be causing connectivity issues.  If you can give more into about the error/message you get, we'll try to help.   @yodimaster 
A dependent making $1700 does not need to file a return and can have the IRA funded for the earnings amount by April 15, 2025 to be claimed for 2024 deposit.   For anyone, you can open a brokerag... See more...
A dependent making $1700 does not need to file a return and can have the IRA funded for the earnings amount by April 15, 2025 to be claimed for 2024 deposit.   For anyone, you can open a brokerage account. Beware that you don't pass the gift limitations and end up needing to file a gift return. Only retirement plans have earned income rules. Reference: IRS releases tax inflation adjustments for tax year 2025
The answer assumes you need to know how to allocate the income to New York (NY) and that you moved to NY in September. Since the self employment is for NY only, enter the self employment tax deductio... See more...
The answer assumes you need to know how to allocate the income to New York (NY) and that you moved to NY in September. Since the self employment is for NY only, enter the self employment tax deduction the same in the NY box as the federal amount. Likewise you should enter the same figure on the screen titled: Allocate Federal Adjustments to Income for NYC (under NYC and Yonkers Information > Part-year additional allocations).   The NY tax is calculated by using the tax on all of the income, then only the NY income divided by all of your federal income to arrive at a percentage. You will see the tax on line 50, Form 203, page 3.   Massachusetts (MA) return has the correct income taxed and none of the self employment from 1099-NEC. MA calculates a percentage based on the number of days in MA against the whole year. On the screen Income Earned While Not a Resident should be zero. This is currently reducing your wages on the MA return.    Your business income has been accurately reflected by indicating it was not earned while a resident.   Once these changes are made you are good to go. @saradraddy 
Thanks for your response. This is the treaty I am referring to US-India Tax Treaty Article 21(2). I know Indian students on F1 visa are eligible for standard deduction based on this treaty. However, ... See more...
Thanks for your response. This is the treaty I am referring to US-India Tax Treaty Article 21(2). I know Indian students on F1 visa are eligible for standard deduction based on this treaty. However, I am unsure if I am, as I have lived in the US for more than 5 years and had been a resident for tax purpose then and am now a non-resident.
Are you using the Desktop installed program or the Online browser version?   You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other T... See more...
Are you using the Desktop installed program or the Online browser version?   You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you.  It's form 2210.   It's under Federal or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button   If you have the desktop program you can switch to Forms Mode (click forms in the upper right (left for Mac)) and open the 2210 form.  If the 2210 doesn't show up in the left column, click on Open Forms at the top of the left column.  Type 2210 in the search box and open the 2210 form.  Check box C to let the IRS calculate it.
Where can I view Schedule D?
I know the official answer is when I started using the vehicle for business and as is stated here: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-does-date-placed-in-service... See more...
I know the official answer is when I started using the vehicle for business and as is stated here: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-does-date-placed-in-service-mean-vehicle-expense/01/682493#M89734   However, I did not know I was using it for business or did not know I could deduct it so I never kept any records.   So again what date should I use. A random date when I may have started using it long ago, or the more recent date when I started keeping mileage and expense records as a proper business expense.   The second one makes more sense to me, but I would like know the proper way to do it. Thank you.