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

Are you entering more than one rental property?  Are you using TurboTax Home & Business?  If not, what product?  If you're entering separate rental properties in Home & Business, you will enter the i... See more...
Are you entering more than one rental property?  Are you using TurboTax Home & Business?  If not, what product?  If you're entering separate rental properties in Home & Business, you will enter the insurance for each property when you enter each property's expenses.   If you still need help, reply back.    
No, it isn't ready to be filed if it has the watermark.   Have you been through the filing steps yet and paid any fees?   Either the form has not been finalized by the city yet (unlikely for a city r... See more...
No, it isn't ready to be filed if it has the watermark.   Have you been through the filing steps yet and paid any fees?   Either the form has not been finalized by the city yet (unlikely for a city return) or you have not gone through all of the filing steps yet.   What city and state are you filing a return for?   And have you already e-filed your federal and state returns?  
The pictures I posted are my options 
My 2024 W2 with a new remote job had no KY state ID number.  When I reached out to the company, they had taken KY taxes from the paycheck but had not yet gotten a tax number and remitted the taxes to... See more...
My 2024 W2 with a new remote job had no KY state ID number.  When I reached out to the company, they had taken KY taxes from the paycheck but had not yet gotten a tax number and remitted the taxes to the state.  They did so immediately in April 2025, and received a new 9 digit state ID number.  The 9 digit number was verified with the state, as they just went through a system upgrade and apparently are using 9 digit ID's now.  TT will not accept this 9 digit ID for my 2024 W2, and will also not accept the company federal EIN.  Any ideas on how to get TT to efile my returns?  Keeps stopping the transmit and saying I have to put a 6 digit number that does not exist.
This is what Turbo Tax has on their wages/income tab. Total up all insurance premiums and enter them below. Some examples include: Fire insurance Theft insurance Workers' compensation General lia... See more...
This is what Turbo Tax has on their wages/income tab. Total up all insurance premiums and enter them below. Some examples include: Fire insurance Theft insurance Workers' compensation General liability insurance
   
Yes, you may split your mortgage interest amount any way that you mutually agree upon such as 70/30, 60/40, 50/50, etc., as a married couple (if you live in a community state, the rules differ depend... See more...
Yes, you may split your mortgage interest amount any way that you mutually agree upon such as 70/30, 60/40, 50/50, etc., as a married couple (if you live in a community state, the rules differ depending on where you live, but probably requires a 50/50 split).   "Yes, you can split the mortgage interest paid even though the form 1098 has only one taxpayer social security number.    As a married couple who co-owns the home loan and are filing separately, you can each just split the 1098 amounts (boxes 1 and 2) in your TurboTax entries for the home loan.     In other words each of your TurboTax entries will include a form 1098 from the lender that includes only your share of the interest and loan amount."   See TurboTax Expert DMarkM1's original post HERE.  
This does not work for the Oklahoma state return... which my investments shouldn't even be on because I am not a resident of Oklahoma. 
"You will enter $6,870 as Roth IRA contribution for 2024 in the IRA contribution interview ($7,000 - $130 that you withdrew by the due date)."   If that 130 earned any money, that just puts you in ... See more...
"You will enter $6,870 as Roth IRA contribution for 2024 in the IRA contribution interview ($7,000 - $130 that you withdrew by the due date)."   If that 130 earned any money, that just puts you in the same boat for 2024 as you are in for 2023. an additional excess will appear. Moreover, that means you won't have 130 2024 dollars available to offset 130 2023 dollars.   This is a bad solution unless you take out extra such as $150 or $200 as a cushion. It is still complex but more so. @pbartoli  @DanaB27 
If you are talking about the NY property tax credit, no, you must be a resident of NY to get this credit. 
The personal loan would not be added to your taxes, just the interest earned. Unless you mean you sold a house or something and carry the debt, that would be under an installment sale.
No, you're doing it correctly!  If you end up filing a non-resident return for rental income and paid tax there, you would have a credit for out of state tax paid on your California return.    @p... See more...
No, you're doing it correctly!  If you end up filing a non-resident return for rental income and paid tax there, you would have a credit for out of state tax paid on your California return.    @plawlor78 
I am using Turbo Tax Premier desktop.  I have added the new floors and appliances as assets, but TT did not adjust my basis to include the additional items.    
Can property school taxes be refunded if the owner is a nonresident 
How do I show this withdrawal on my tax return and avoid paying the penalty.
Do you have a business or are you self-employed? Your Form 1099-MISC from Morgan Stanley isn't Self-Employment income. Did Morgan Stanley give you some kind of bonus?   If you're not self-employe... See more...
Do you have a business or are you self-employed? Your Form 1099-MISC from Morgan Stanley isn't Self-Employment income. Did Morgan Stanley give you some kind of bonus?   If you're not self-employed or have a business, delete the 1099-MISC and enter it under Other Common Income in the Income & Expenses Section. Refer to the TurboTax Help article How do I edit or delete a 1099-MISC? for navigation instructions to delete.   You can enter the income as “Other Income” so it won’t be subject to self-employment taxes.  Follow the steps below: Open TurboTax Select Federal Taxes Select Wages & Income select Start by Form 1099-MISC under Other Come Income Select Yes to Did you get a 1099-MISC? Follow the prompts to enter your 1099-MISC Enter the reason (Morgan Stanley) to Describe the reason for this 1099-MISC Select None of these apply to Does one of these uncommon situations apply? Select No to it didn’t involve work like your main job Make your selection to How often did you get the income? Select No to Did it involve an intent to earn money? For additional information, review the TurboTax articles What's the difference between self-employment income and other income? and Where do I enter a 1099-MISC?    
form 2106 is only supposed to be used by Armed Forces reservists, qualified performing artists, fee-basis state or local government officials, and employees with impairment-related work expenses
No, I do not have a 1098. I bought the house under land contract from my grandparents.