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Are you referring to the Nebraska NOL Carryforward?   NOL stands for Net Operating Loss.  Did you report a Net Operating Loss in a previous tax year?  A portion of the loss may carry forward to t... See more...
Are you referring to the Nebraska NOL Carryforward?   NOL stands for Net Operating Loss.  Did you report a Net Operating Loss in a previous tax year?  A portion of the loss may carry forward to the current year and offset current year income.  
Then you'll have to go thru the entire chariot donations table and look at (Edit) each one to see what was supposedly claimed by you for each charity....to see where the difference occurs. _________... See more...
Then you'll have to go thru the entire chariot donations table and look at (Edit) each one to see what was supposedly claimed by you for each charity....to see where the difference occurs. ___________________ Of course, one other "remote'" possibility....if you made some large donations last year, it's possible that there were some carry-over amounts for some donation(s) that exceeded the % of AGI limit for the type of donation you made.    For those using Desktop software, they can see those carryover charity amounts (IF they occurred) on the Federal Carryover Worksheet.   Go to Forms Mode, then scroll down the list of forms, and neat the end of the Federal list of forms is the Carryover Wks.  Select that and down in lines 26 & 27 ate two tables where any charity contributions may have carried over from last year.
If it was within the 60 days, after you enter the 1099R it will ask what you did with it. Pick you moved the money to another account even if you put it back into the same account. Then that will exp... See more...
If it was within the 60 days, after you enter the 1099R it will ask what you did with it. Pick you moved the money to another account even if you put it back into the same account. Then that will expand and you pick I rolled over all this money. Then it will expand to enter how much you rolled over.  THIS QUESTION IS NOT BEING ASKED.  Thanks!
When will the 1099-R be available for me to enter my information?  I've done every update including this mornings but the status still show's "coming soon".  I'm trying to enter my retirement income.... See more...
When will the 1099-R be available for me to enter my information?  I've done every update including this mornings but the status still show's "coming soon".  I'm trying to enter my retirement income.  I'm using Turbo Tax Deluxe on my desktop computer.  The IRS will start accepting returns in one week and I'm still not able to complete my taxes due to this holdup.  Please advise when I can expect this portion of your software to be updated.     Respectfully,    Richard Riddle
I received the same message about hitting a snag. I could only resolve it by CALLING Intuit and ordering the state needed on the phone. They then provide the download to my email to click onto and us... See more...
I received the same message about hitting a snag. I could only resolve it by CALLING Intuit and ordering the state needed on the phone. They then provide the download to my email to click onto and use on your Turbotax desktop software.
The link provided shows the form is available in Turbotax, but when I go to that section it continues to say "This section will be ready soon".  What is up?
@user17689364450 Click on Online at the top of the desktop program screen.  Click on Check for Updates. The Form 1099-R section has been updated and it is available.   To enter, edit or delete ... See more...
@user17689364450 Click on Online at the top of the desktop program screen.  Click on Check for Updates. The Form 1099-R section has been updated and it is available.   To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button    
The update is now available (Friday 1/22) on both TurboTax Online and TurboTax Desktop.
Yes.  If you paid more than 110% of your 2024 tax liability in 2025, then you would be able to request a waiver of penalty.  To request a waiver, you must have either paid at least 90% of your 2024 t... See more...
Yes.  If you paid more than 110% of your 2024 tax liability in 2025, then you would be able to request a waiver of penalty.  To request a waiver, you must have either paid at least 90% of your 2024 tax years tax liability in 2025 or 110% of your 2024 tax liability in 2025 if your AGI is more than $150,000 ($75,000 if married filing separately)    However, since you did the conversion at the end of the year, what you actually need to do is the annualized income method instead of the penalty waiver. Generally at the end of the interview questions TurboTax will ask you if any of these situations apply and then ask if you would like to see if you qualify for a waiver of the penalty.  If you are not seeing this screen, you can select the following to get to the waiver of penalties section: Federal Other Tax Situations Additional Tax Payments Start next to Underpayment penalties When asked if you want the IRS to calculate the penalty for you say no You will then go to the annualized installment method section where you will enter the amount you earned each quarter (showing the last quarter with the conversion) and the amount of taxes you paid with each quarter.   TurboTax will then fill out form 2210 Schedule AI. You currently may not be getting this option at this point due to the fact that some forms (including form 2210) are not quite ready yet.  You can use this tool to check form availability.   
The Form 1099-R section is available when using the TurboTax online editions.  If you are not seeing the section as being available, clear cache and cookies on your web browser.   To enter, edit ... See more...
The Form 1099-R section is available when using the TurboTax online editions.  If you are not seeing the section as being available, clear cache and cookies on your web browser.   To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
What updates other than Security are required? Bug fixes? Bugs never end
I'm still showing "update coming soon" to enter 1099-R's.  I am using a desktop with TurboTax deluxe software.  When will this become available so I can enter my 1099-R information? 
The OBBA has introduced a new deduction for overtime pay from tax year 2025. You may deduct up to $12,500 of qualified overtime premium on your Federal tax return (up to $25,000 for MFJ). The deducti... See more...
The OBBA has introduced a new deduction for overtime pay from tax year 2025. You may deduct up to $12,500 of qualified overtime premium on your Federal tax return (up to $25,000 for MFJ). The deduction is gradually phased out if your MAGI exceeds $150,000 ($300,000 for MFJ). The deduction is for the overtime premium, which is the portion over your regular pay.   For tax year 2025, your employer may list non-taxable overtime in box 14 with a specific label like "FLSA OT Prem". You might also receive a separate year-end statement giving you the amount. Otherwise, you have to calculate the overtime premium to enter on your tax return.   For tax year 2026 onwards, a specific Box 12 code will be used. This amount is an above-the-line deduction, meaning it will be subtracted from your gross income on form 1040.   In TurboTax Online, this is how you enter the qualified overtime premium: After entering your form W-2, you'll see a screen titled Let's Check for Other Situations Put a checkmark on Overtime and click Continue Follow the TurboTax questionnaire to enter your qualified overtime premium This deduction will transfer to Schedule 1-A of your form 1040, then to line 13b of your form 1040.  
Yes. The IRS will officially begin accepting and processing 2025 tax returns on Monday, January 26, 2026. They do some testing prior to that time so if you get an acceptance from the IRS it means you... See more...
Yes. The IRS will officially begin accepting and processing 2025 tax returns on Monday, January 26, 2026. They do some testing prior to that time so if you get an acceptance from the IRS it means your return was part of the testing. When your state opens for processing varies by state. You could look on your states' department of revenue website to see when they will open. It will be on or after Jan 26th at the earliest.
I ran into the very same problem again this year as well.  However, based on my problem a year ago with the 2024 software, I simply (A) created a temporary folder on my Win11 desktop, (B) copied last... See more...
I ran into the very same problem again this year as well.  However, based on my problem a year ago with the 2024 software, I simply (A) created a temporary folder on my Win11 desktop, (B) copied last year's .tax into the folder, and (C) browsed instead to this copy to load. It worked for me;  note that I have OneDrive disabled on my PC.  Every PC configuration is different, so who knows if that's the magic bullet.  But it did work after indeed *FAILING* when I browsed to last year's file under my Documents folder (I thought I'd try to see if the bug was fixed). Good luck, Ozzer
10th year business and first year using turbotax for this business. I have entered in the intangibles as prompted, confirming their prior amortization and CY amortization expense. Looks good there. M... See more...
10th year business and first year using turbotax for this business. I have entered in the intangibles as prompted, confirming their prior amortization and CY amortization expense. Looks good there. Moving on from that section, Turbotax is not picking up the total amortization expense for Schedule K. When I go in to manually add it as 'other deduction' within the rental activity section, there is not an other option on the step by step. I go to forms and there is an "other deductions" line but it will not update the overall calculation and I do not balance by the amortization amount. This is a little detail that is a huge pain. If you have rental activity, using turbotax business desktop, and amortization... I do not see a solution unless the software updates.  Please help