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3 hours ago
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3 hours ago
@marylin-miller1 an "Accepted" from the IRS means that the return has passed the preliminary checks and is accepted for processing. Unless there are issues found during the processing, your refun...
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@marylin-miller1 an "Accepted" from the IRS means that the return has passed the preliminary checks and is accepted for processing. Unless there are issues found during the processing, your refund should be issued within three weeks or sooner. AS a return filer, you are done for the year. Obviously, if some inconsistency is discovered during processing, IRS will contact you directly, by mail.
Till next year
3 hours ago
When you are in the Schedule C business activity, scroll to find 'Vehicle' then edit or delete your vehicle. If you scroll through the expenses and you don't see 'Vehicle' select to 'Add more expense...
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When you are in the Schedule C business activity, scroll to find 'Vehicle' then edit or delete your vehicle. If you scroll through the expenses and you don't see 'Vehicle' select to 'Add more expense categories' and scroll to 'Vehicle'. If you must do the latter, then your vehicle has already been removed.
In TurboTax Online or TurboTax Desktop:
Search (upper right) > Type schedule c > Click the Jump to... link
Continue to review your information and remove or edit your vehicle
It's not clear why you want to delete your vehicle in your business, however, this vehicle will be a tax asset until it is sold, traded or junked. Be sur to keep all of the records for the time it was used for business so that you are prepared for the taxes when you do get rid of your vehicle. In tax law a sale or a trade are both treated like a sale and must be reported to recapture the depreciation expense (this includes using the standard mileage rate).
@algerriv
3 hours ago
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3 hours ago
If you are being asked to enter details of a mortgage, but you do not have a mortgage, then the solution is often to delete any blank 1098 forms.
Go to Federal > Deductions & Credits > Deduct...
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If you are being asked to enter details of a mortgage, but you do not have a mortgage, then the solution is often to delete any blank 1098 forms.
Go to Federal > Deductions & Credits > Deductions & Credits Summary > Your Home > Mortgage Interest and Refinancing (Form 1098) > Add/Edit/Revisit
Expand the bank details by clicking on it
Choose "Delete"
Alternatively, go to Tax Tools on the left of your screen, Tools, Delete a Form. Find "Home Mortgage Interest Worksheet" and choose the trash can to delete.
3 hours ago
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3 hours ago
Perhaps it is not taxable. That would be the situation if you did not itemize in 2024 or your taxes were in excess of the cap of $10K for all Schedule A taxes, or you took the sales tax deduction rat...
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Perhaps it is not taxable. That would be the situation if you did not itemize in 2024 or your taxes were in excess of the cap of $10K for all Schedule A taxes, or you took the sales tax deduction rather than the state income tax deduction. In TurboTax there is a state refund worksheet where the taxable amount, if any, is calculated. You may not be able to see it in any of the online versions until your fees are taken care of
3 hours ago
Well, I'm sorry to say that I followed these steps exactly and it ends at step 20 as you outlined. It only asks me about disaster distributions. There are no prompts about non-deductible contribution...
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Well, I'm sorry to say that I followed these steps exactly and it ends at step 20 as you outlined. It only asks me about disaster distributions. There are no prompts about non-deductible contributions, and rollovers, etc. After I select "no" and hit continue it asks me no more questions and goes back to the top of income questionnaire where it says: Let's talk about your income I have then tried to go through my entire federal review step by step again answering all questions. When I get to the final review it finds there is a problem with my 1099-R. I click on fix and it asks me "How much of the distribution applied to December 31st, 2025." I click on "none of this distribution applied to 2025." It asks me how I calculated my substitute amount. I explain that I received a transaction statement from ALLIANZ that detailed the withdrawl and the federal and state taxes withheld. I click continue. It asks me to explain how I tried to get a 1099-R. I answer how the automatic transfer from ALLIANZ did not go through this year and how I have rectified it during the correction window. I click continue. It then asks me if I have taken a disaster distribution. I select no and click continue. No other questions. It takes me back to me TO-DO list where again it asks me to fix my 1099-R. It is caught it a loop where it will not prompt me about missed RMDs. Any other suggestions?
3 hours ago
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3 hours ago
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3 hours ago
Yes, you can enter the federal identification number if you don't have a state number. Simply enter the number with no dashes in box 13 and you should be able to move forward.
3 hours ago
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3 hours ago
Good Afternoon: I'm facing confusion about whether Virginia allows a deduction for my wife's payment of medical insurance premiums, and if so, whether Turbotax is treating them correctly (which...
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Good Afternoon: I'm facing confusion about whether Virginia allows a deduction for my wife's payment of medical insurance premiums, and if so, whether Turbotax is treating them correctly (which seems doubtful). Here's the status: Both spouses are over 66. My income is greater than what the Va Smart Worksheet implies is a $30k income limit for Seniors to take a deduction on the premiums. My wife works part time and is under that limit. We're filing jointly. Spouse is covered by my health care plan and dental -- paid by the employer, pre-tax. She is also on Medicare, and we pay Part B premiums for her. The TTax interview for Virginia initially asks about medical and dental insurance premiums, independent of asking about a particular spouse, and without asking about the pre-tax status of the premiums paid. The next screen appears designed to allow allocation of premiums between spouses, showing the total premiums figure and asking for an entry about my spouse's premiums -- but Turbotax fills in the total figure, and does not permit changes. Switching to the Smart Deductions worksheet to investigate reveals the following: 1. Both spouses over 66 2. Earned income figures of $20k plus for both spouses. 3. Federal AGI of <$30k for my wife; > $30k for me. 4. A figure for the total medical premiums we paid (no allocation) on line "B," and a bottom-line total on line "F" which appears to be designed to allow allocation between taxpayer and spouse -- but again the program assigns the entire amount of the premiums to my spouse. The program then appears to deduct the entire amount of premiums we paid for 2025 from our Virginia taxes, which significantly changes the tax due figure. The TurboTax Virginia Info Worksheet correctly notes that we file jointly. The Review runs without flagging an issue. Something seems quite wrong here. Various online sources of uncertain reliability report that Virginia generally allows deductions only if over 7.5% or 10% of federal AGI. It appears that there may be a more generous deduction for seniors (>66). But the program's handling of the premium payments, most of which are paid pre-tax by my employer, suggests that we can deduct the entire sum in Virginia without even allocating between the two spouses filing jointly. That seems quite unlikely. If this is permitted, I'm delighted. But I suspect problems here. Can anyone help or let me know how to report a bug in the program? I'm trying to get the taxes filed, and this is the one item holding up the show. Thanks in advance for any thoughts.
3 hours ago
Yes, a new and expanded Wisconsin retirement income subtraction began with the 2025 tax year. Residents aged 67 or older can now subtract up to $24,000 of taxable retirement income ($48,000 for marri...
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Yes, a new and expanded Wisconsin retirement income subtraction began with the 2025 tax year. Residents aged 67 or older can now subtract up to $24,000 of taxable retirement income ($48,000 for married couples if both are 67+) from their state taxes, including pensions, 401(k)s, and IRA distributions.
See How Your Retirement Benefits Are Taxed
3 hours ago
box D can be left blank. however. You may need to delete the W-2 and re-enter
3 hours ago
To answer your questions: 1. Is this the right way to claim the credit? Yes. Even though Maryland and Pennsylvania have a reciprocity agreement for state taxes, that agreement does not cover loc...
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To answer your questions: 1. Is this the right way to claim the credit? Yes. Even though Maryland and Pennsylvania have a reciprocity agreement for state taxes, that agreement does not cover local taxes like the Philadelphia Wage Tax. Maryland allows a credit for income taxes paid to another state and its political subdivisions (localities). Since you paid a local tax to Philadelphia on income that Maryland is also taxing, you are entitled to a credit on your Maryland return to prevent double taxation. Using Form 502CR is the correct way to handle this. In TurboTax, entering Philadelphia's information as if it were the "state" tax is effective. Here is the navigation path for the credit for taxes paid to other states: State > Go to state returns > Maryland and Continue > Continue through the interview until you reach Take a look at Maryland credits > Other Credits > Credit for taxes paid to another state > Add PA. You'll get a warning that PA is a reciprocal state, but you can claim a credit on any other type of income taxed by both PA and MD. 2. Is the W-2 sufficient documentation? The Maryland Comptroller should be aware that Philadelphia does not require non-residents to file a separate city tax return if their employer correctly withholds the tax. Because there is no "local return" for you to provide, your W-2 is your primary piece of evidence. On the W-2, you should see Philadelphia listed in the local tax boxes. When you file, including the W-2 is usually sufficient. If you are e-filing, TurboTax will package your W-2 data with the return. If you are filing by paper, you would simply attach the W-2. If Maryland ever asks for more information (which is possible), a simple letter explaining that you are a non-resident of Philadelphia and therefore not required to file a local return is all they need. 3. Will this block electronic filing? Likely no, it should not block you from e-filing. Maryland’s tax system is designed to accept Form 502CR electronically. TurboTax is built to handle this credit and will transmit the necessary data from your W-2 and the 502CR as part of your electronic tax package. If you do encounter an e-filing reject, you can print your return and mail it in.
3 hours ago
Even if you completed the federal return using TurboTax to get the state return, it would have to be mailed because the federal return apparently was not e-filed through TurboTax.
3 hours ago
anyone having difficulties with Turbotax not allowing your full loss deduction from your K1?
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3 hours ago
It would be fantastic in 2026 if Turbotax, with all their automation, and AI based support, could take 5 min to use Claude and create an acknowledgement email when someone takes advantage of your ref...
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It would be fantastic in 2026 if Turbotax, with all their automation, and AI based support, could take 5 min to use Claude and create an acknowledgement email when someone takes advantage of your referral code. This is the going to be the first and last year I use TurboTax after over 15 years with one of their incompetent competitors if I don't see this in 45 days as indicated.