turbotax icon
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

The IRS is also informed of your RMD that is due 04/2026 and subsequent years.  They will make sure you took at least the RMD amounts before the due date and base any potential penalties on that.  Yo... See more...
The IRS is also informed of your RMD that is due 04/2026 and subsequent years.  They will make sure you took at least the RMD amounts before the due date and base any potential penalties on that.  You won't need to specify the RMDs next year.  Next year you will enter the RMD amount due at 12/31/26 and turbo tax will assess any potential penalties based on that.
after choosing stocks, Cryto, Mutual Funds, Bond and others, no more question on "collectible", why? How to choose "collectible" for this gain?  Please advise.
$268 of federal tax were withheld from my paychecks throughout the year 2025. I made an additional federal estimated tax payment of $3000 on Dec 29th 2025. Please explain why I have a refund of $74... See more...
$268 of federal tax were withheld from my paychecks throughout the year 2025. I made an additional federal estimated tax payment of $3000 on Dec 29th 2025. Please explain why I have a refund of $740 but with a $57 penalty for underpayment of estimated taxes, even though federal tax withholding were made during the year by the employer through my regular paychecks?
When you enter the 1098 for the first loan that was paid off, enter $0 for the Box 2, Principal Balance, even if your 1098 has an amount. Be sure the loan origination dates are correct on the 1098's ... See more...
When you enter the 1098 for the first loan that was paid off, enter $0 for the Box 2, Principal Balance, even if your 1098 has an amount. Be sure the loan origination dates are correct on the 1098's and choose NO for 'is this the most recent loan' for the paid off mortgage.    @tashreve92 
It sounds like when you went through the interview questions in MY INFO, you chose a wrong answer when it asked if your SSN card was marked "not valid for employment."   Click your name in MY INFO an... See more...
It sounds like when you went through the interview questions in MY INFO, you chose a wrong answer when it asked if your SSN card was marked "not valid for employment."   Click your name in MY INFO and go back through those questions very slowly and carefully, reading every screen top to bottom to find your mistake and correct it
Yeah I feel like turbo tax keeps nickel and dimming more and more I had to pay about $100 to file and I have the most basic CA tax return with just government mandated health insurance + a w2 and the... See more...
Yeah I feel like turbo tax keeps nickel and dimming more and more I had to pay about $100 to file and I have the most basic CA tax return with just government mandated health insurance + a w2 and the whole time every couple pages they throw in a sneaky thing to try and get you to upgrade and pay even more for services I won't use. Definitely the last year im filing through turbo tax the convenience is not worth the squeeze. Especially when you look into it companies like turbo tax and H&R block lobby tons to the government to prevent tax reform that would make taxes simpler to do, so yeah last year im giving turbo tax my money and im going to try and encourage other people to stay away from turbo tax.
The pensions distributions on IRS form 1099-R in box 1 reported $86,980.  On the Federal 1040 income tax return, are you saying that the box 2a (taxable amount) was reduced to $39,684 by use of the s... See more...
The pensions distributions on IRS form 1099-R in box 1 reported $86,980.  On the Federal 1040 income tax return, are you saying that the box 2a (taxable amount) was reduced to $39,684 by use of the simplified method or general rule?  Or are you saying something else?   For instance, are you saying that the Federal 1040 income tax return reports a taxable amount of $86,980 and a state income tax return reduced the taxable amount to $39,684?  What state would that be?   Please clarify.
Look for Schedule 1-A, where it's calculated in Part V. The amount, if any, is not part of the standard or itemized deductions. It's extra appearing on line 13b of the 1040 
Try deleting Form 1099-Q and then re-enter it.   To delete a form in TurboTax Desktop, follow the instructions below: Open your tax return Select the Forms icon Select the Form 1099-Q ... See more...
Try deleting Form 1099-Q and then re-enter it.   To delete a form in TurboTax Desktop, follow the instructions below: Open your tax return Select the Forms icon Select the Form 1099-Q from the menu Once the form is generated, select Delete Form Follow any instructions to delete the form(s). For more information, refer to the TurboTax help article How do I delete a tax form in TurboTax Desktop?   If this doesn't work, reply back so we can give you another option.  
That's strange, because everything that I have ever read says that it shouldn't. Not sure how a college would get away with it, because that box is supposed to be for expenses that you can get the co... See more...
That's strange, because everything that I have ever read says that it shouldn't. Not sure how a college would get away with it, because that box is supposed to be for expenses that you can get the college tax credits for, which wouldn't include room & board.     Even TT says that it does not. Solved: Is 1098-T "Tuition Statement" Box 1 supposed to include amounts paid for room and board or not?  
Yes, you can do this in TurboTax Desktop now.  After you enter your W-2, TurboTax asks if your Box 1 included 'tips not reported on W-2'.  Then you can enter the amount your Unreported Tips from your... See more...
Yes, you can do this in TurboTax Desktop now.  After you enter your W-2, TurboTax asks if your Box 1 included 'tips not reported on W-2'.  Then you can enter the amount your Unreported Tips from your last pay stub. There's a few more questions after that.  Keep going until you see the amount of your tips deduction.   @user17713458424       
You certainly may.  If you report as miscellaneous income or hobby income, you will only be able to report the gross proceeds, no cost of sales.  Do not know how much your cost basis on the sold item... See more...
You certainly may.  If you report as miscellaneous income or hobby income, you will only be able to report the gross proceeds, no cost of sales.  Do not know how much your cost basis on the sold items will be.   Using the Desktop version, the entries would be Miscellaneous income / Other reportable income / +Add.   Self-employment income or personal item sales may report the cost of sales but, I think, you are using a Basic version which may require an upgrade.   Post if you have further questions or need the Desktop entries.   @jrc0109