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Hello All,   My taxable income on line 15 is $42960. If the LTCG tax is $0 up until $96700 for married filing jointly why does Turbo Tax show me owing more in federal tax when I enter any capital g... See more...
Hello All,   My taxable income on line 15 is $42960. If the LTCG tax is $0 up until $96700 for married filing jointly why does Turbo Tax show me owing more in federal tax when I enter any capital gains up to that amount?  I was trying to see how much more I could pull out of stock without incurring additional tax and was blindsided by this increase in tax.  Thanks ahead for any words of wisdom.
Go back and try to remove the document and try to file without it.   There should be an option that says to check the box if you don't have an id.   The IRS doesn't require it and only a few states d... See more...
Go back and try to remove the document and try to file without it.   There should be an option that says to check the box if you don't have an id.   The IRS doesn't require it and only a few states do - do you have a state return attached?   If so, what state?  
I moved to Rhode Island mid-year from New Jersey. I completed all of the TurboTax questions. Before filing, I noticed that Schedule W does not reflect all of the W2s and 1099s that are listed for my ... See more...
I moved to Rhode Island mid-year from New Jersey. I completed all of the TurboTax questions. Before filing, I noticed that Schedule W does not reflect all of the W2s and 1099s that are listed for my Federal or New Jersey tax return. Is there a way to fix this before filing? Is there an issue with the logic for completing Rhode Island tax forms? 
See if your return shows a Form 8962 and Form 1095-A as being included with the return.  If so, delete those forms. When using the online editions - Click on Tax Tools on the left side of the onl... See more...
See if your return shows a Form 8962 and Form 1095-A as being included with the return.  If so, delete those forms. When using the online editions - Click on Tax Tools on the left side of the online program screen Click on Toos Click on Delete a form   When using the desktop editions, click on Forms When in forms mode see if the 8962 and 1095-A are listed on the left side of the page.  If they are click on each one to open and then click on Delete Form at the bottom of the form.
The standard deduction of $34,700 is on line 12e of the 1040-SR.  The additional $12,000 deduction is listed just below on line 13b.  All this info is readily available to view when you save your ret... See more...
The standard deduction of $34,700 is on line 12e of the 1040-SR.  The additional $12,000 deduction is listed just below on line 13b.  All this info is readily available to view when you save your return to a PDF file.   Hope this helps.
Use the Delete A Form tool to remove any and all instances of Form 1095-A and Form 8962 in your return.       How to delete forms in TurboTax Online    How to delete forms in TurboTax Desktop ... See more...
Use the Delete A Form tool to remove any and all instances of Form 1095-A and Form 8962 in your return.       How to delete forms in TurboTax Online    How to delete forms in TurboTax Desktop  
What you do depends on the type of trust. If it was a revokable trust, your basis in the house is used and sold as a second home on sch D.   You will want to talk to the lawyer that set up the tr... See more...
What you do depends on the type of trust. If it was a revokable trust, your basis in the house is used and sold as a second home on sch D.   You will want to talk to the lawyer that set up the trust for other scenarios. irrevocable trust  qualified personal resident trust  I am very sorry for your loss.
You don't have to do anything on your tax return with regards to showing the business was shut down. You can simply stop filing the Schedule C.   If you update your business profile, which you wi... See more...
You don't have to do anything on your tax return with regards to showing the business was shut down. You can simply stop filing the Schedule C.   If you update your business profile, which you will see when you enter the business section, there is an option on the screen that says Lets confirm your business info that says Disposed of Business. You can use that option to indicate the business has been disposed of. Once you do that, if the business has no income or expenses you should be able to delete it if the schedule C still shows in your program.
That's one way to resolve the problem, perhaps.  Or go back to using the tax return product I've used for the last four years, which never made these kinds of errors.  Decisions, decisions....
To view your filed 2025 tax return:   1) Sign into TurboTax  2) Go to Tax Home on the left menu 3) Scroll down to Tax returns & docs   See instructions here   You can contact your sta... See more...
To view your filed 2025 tax return:   1) Sign into TurboTax  2) Go to Tax Home on the left menu 3) Scroll down to Tax returns & docs   See instructions here   You can contact your state Department of Revenue to check on the status of your refund at this link.
Not everyone qualifies for the No tax on Overtime deduction.  If you meet all of the criteria below, please go back and walk through the steps of your W-2 and the additional questions again.   To... See more...
Not everyone qualifies for the No tax on Overtime deduction.  If you meet all of the criteria below, please go back and walk through the steps of your W-2 and the additional questions again.   To qualify for the No Tax on Overtime Deduction the following must apply: You must be a non-exempt employee eligible for Overtime under the federal Fair Labor Standards Act The Overtime must be on hours worked OVER 40 hours.  (if you live in a state where OT pay is required after 8 hours, this does not apply) Overtime must be paid at more than your regular hourly rate.   Only the amount that is over your regular hourly rate is deductible.  For example,  If you make $30 per hour and are paid OT at $45 an hour, you can only deduct $15 per hour as overtime deduction. The deduction is limited to $12,500 Your filing status cannot be Married Filing Separately Your income must be less than $150,000 if you are single or $300,000 if Married Filing Jointly. 
Form 8962: Your calculations could not be completed. Reference code: 6-399-259. The error Im getting. And I don’t have a 1095-A. I click on I don’t have it and still is showing the error, I also talk... See more...
Form 8962: Your calculations could not be completed. Reference code: 6-399-259. The error Im getting. And I don’t have a 1095-A. I click on I don’t have it and still is showing the error, I also talked with an agent and she couldn’t figure it out, told me she’ll call in an hour and never happened.
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Did the reply above answer your question? If so, select “Mark as Best Answer” to help others find this thread. Respond below with any follow-up questions so we can point you in the right direction.  ... See more...
Did the reply above answer your question? If so, select “Mark as Best Answer” to help others find this thread. Respond below with any follow-up questions so we can point you in the right direction.    If you’d like to change subjects, Select a Topic and find the button to Post your Question.  Thanks for visiting the community, @williamg731