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To file IRS Form 172, which deals with Net Operating Losses (NOLs) for individuals, estates, and trusts, you can follow these steps: Download Form 172: You can find the form on the IRS website here Complete the Form: Follow the instructions provided by the IRS to fill out the form. Detailed instructions are available here File the Form: Since TurboTax does not support Form 172, you will need to manually file it. You can mail the completed form to the IRS address specified in the instructions. For additional help, you can refer to TurboTax's community discussions on handling NOLs here

Thank you Mindy for your response, it was very helpful! To confirm: She does not provide more than half of her own support and lives with me full-time, so I can claim her as a dependent. If I do claim her as a dependent do I add her income from her W2?  And with the 1098-T received from her school, box 5 is a greater amount than box 1, will that change things when I claim her?

Don't stress, not everyone needs an IP PIN.   Please see this TurboTax Help Article for more information: What's an IP PIN? Do I need one?   Also see this help article if it applies How do I fix e-file reject IND-181-01?   @austinjasper 

How do I get a refund??  I pd for efile.  Turbo soft ware is not allowing it to file . Every thing noted was fixed. actually  it was never wrong. I want a refund on this 2024 turbotx premier I both. It has too many flaw in it.  No good.  Next year I will NOT use turbo tax. Whoever wrote this package must have been on drugs. Aweful.

If you changed your mind about MAX, you can remove it as long as you haven't already paid for it. See this help article for more information.   Please see this help article for more information about the benefits you receive with MAX including a link to the Membership Agreement with more details about the services, privacy rules, and how to terminate the membership.  

I didnt even know about this pin for either of us and I am stressing out trying to find it because the IRS rejected my tax return because it is missing a pin.....which I didn't see where you would even put it.  Please help...only 2 days left.  Thank you  

Entering your mortgage interest will only change your tax when you have already entered enough itemized deductions to exceed the standard deduction.    Here are the standard deductions for 2024:   Single and Married Filing Separately taxpayers: $14,600 Married Filing Jointly taxpayers: $29,200 Head of Household: $21,900

You're saying that if I had filed, I would have exactly 3 years from the day I filed the return to claim the refund right? I haven't filed my return yet so I'm hoping that this is irrelevant in my case.  Can you confirm if the lookback period that determines the max refund I can claim does go back 3.5 years since I filed for the extension? @MindyB  the timeline is as follows: 1. Estimated Tax payments made in 2021. 2. Extension filed in 2022 April 15 2022. 3. Extension payment made on April 20 2022. 4. Another payment made in Oct 2022. 5. Have no filed return yet If I file on Oct 15 2025, will I be eligible to claim refunds from all of the payments I have made during 2021 and 2022? or will I be limited to payments made past Oct 15 2022 (which is past all dates I made tax payments and therefore I lose ability to claim refund)

You will be asked if you go through the My Home interview in the Deductions & Credits section.   But you can skip it.  And if you are asked about mortgage interest, but you know you are not going to itemize, you can answer NO.   If you already started that section but did not mean to, you may have an empty Form 1098 in your return that is causing errors.   If this is the case, you can delete that Lender Form 1098.   How to delete forms in TurboTax Online   How to delete forms in TurboTax Desktop

Mortgage interest and property tax are itemized deductions that go on Schedule A.    If you have enough itemized deductions to exceed your standard deduction, then your refund or tax due might be affected by using itemized deductions.   The software might ask you for your mortgage interest and property tax, especially if you have entered it in the past.   If you want to skip entering your itemized deductions you can do that.  Many people will not have enough itemized deductions this year to itemize, and will just be getting their new higher standard deduction.  The thing is, though, that some of those deductions could make a difference on a state return even if they do not affect your federal return.  Information flows from your federal return to your state return, so it might not be a bad idea to go ahead and enter them anyhow.  It cannot hurt you.   The following states allow you to itemize deductions on just the state return: Alabama, Arizona, Arkansas, California, Delaware, Hawaii, Idaho, Iowa, Kansas, Kentucky, Minnesota, Mississippi, Montana, New York, North Carolina, Oregon, and Wisconsin,        Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.  The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting  tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach. (Only the amount that is MORE than 7.5% of your AGI counts)   The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.  Under the tax laws that have been in effect since 2018, some deductions have been capped—there is a $10,000 limit to the itemized deductions for state, local, property and sales taxes.   The standard deduction makes some of your income “tax free.”  It is not a refund.  You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.     2024 STANDARD DEDUCTION AMOUNTS SINGLE $14,600    (65 or older/legally blind + $1950) MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550) MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550) HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)  

If you cannot contact your employer, you can log into your IRS account to obtain copies of your W-2 transcripts. Here are the steps: Creating or Logging into Your IRS Account Visit the IRS Online Account page: IRS Online Account Sign in or create an account: If you're a new user, have your photo identification ready for identity verification. Follow the prompts to create your account or log in if you already have one. Obtaining W-2 Transcripts Access your tax records: Once logged in, navigate to the "Tax Records" section. Select "Get Transcript Online." Request a Wage and Income Transcript: This transcript includes the federal tax information your employer reported to the Social Security Administration (SSA). You can view, print, or download your transcript directly from your online account. For more detailed information, you can refer to the IRS page on getting your tax records and transcripts  

I'm very frustrated with the new Turbo Tax.  It is not user friendly and there is no help.  Ive asked for help several times.  Ive used Turbo Tax for at least 15 years NS CAN NOT LOCATE MY 23 TURBOTAX DATA ON MY MAC.