turbotax icon
Announcements
Ask the Experts Tax Law Changes - One Big Beautiful Bill (OBBBA)! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

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

All Posts

When i was filing my taxes on the payment page i selected for request for payment plan for federal taxes, do i just wait? will i get emails or mails or notifications on my IRS account? I went ahead a... See more...
When i was filing my taxes on the payment page i selected for request for payment plan for federal taxes, do i just wait? will i get emails or mails or notifications on my IRS account? I went ahead and made an initial payment just to lower it a bit. Just want to know if I was supposed to do anything else? Usually when i look online it says theres either a form or you apply online but when i filed thru turbotax it just says to select the payment plan option. 
Keep in mind that you are paying two (technically three) different types of taxes here being self-employed: The $32,000 in taxable income taxed at approximately 12% is federal income tax While ... See more...
Keep in mind that you are paying two (technically three) different types of taxes here being self-employed: The $32,000 in taxable income taxed at approximately 12% is federal income tax While the facts don't provide sufficient detail on exactly what your SE taxable income is, this tax is for two types of tax: Social Security tax is 12.4% Medicare tax is 2.9% Combined 15.3% SE tax
Same issue here. Nowhere on the website during checkout did it say TurboTax Live nor did it mention this when starting my file. I only noticed when I received the invoice. Sent an email to customer s... See more...
Same issue here. Nowhere on the website during checkout did it say TurboTax Live nor did it mention this when starting my file. I only noticed when I received the invoice. Sent an email to customer service for a partial refund and was denied. I had a feeling I should of used another service this year! Never again 
You can contact TurboTax Customer service using this link: Turbo Tax Customer Service
The bank interest was repealed for TY 24. See Learn about the filing requirements for dividends and interest.   @Iseewhatshappeninghere   
as Trustee (trust owned by my adult sons) for which management is my responsibility; being paid for that management, can I include such enumeration under regular income?
How are those taxes reported on the 1099-B reported in turbotax, with a basis of $0?
This had to be about HOH.  One of the questions was specifically who pays more than half of the expenses.  As per the divorce agreement the mortgage is owed and paid by my ex-husband. (Just realized ... See more...
This had to be about HOH.  One of the questions was specifically who pays more than half of the expenses.  As per the divorce agreement the mortgage is owed and paid by my ex-husband. (Just realized I wrote "husband")  However, if it's considered alimony I don't have to report it from what I read.  I wasn't sure if the payment affected HOH status.   Thank you both for responding.
There are three different kinds of K-1’s that can be entered into TurboTax software.   Partnerships/LLCs (form 1065) S corporations (form 1120S) Estates and trusts (form 1041) You sh... See more...
There are three different kinds of K-1’s that can be entered into TurboTax software.   Partnerships/LLCs (form 1065) S corporations (form 1120S) Estates and trusts (form 1041) You should be able to read the top of the form and determine which K-1 that you will be entering.   Please follow these directions.   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages & Income. Click the down arrow to the right of S-corps, Partnerships, and Trusts. Click to the right of Schedule K-1. At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received. For several screens, you will be entering data right off the K-1 form.  
Thanks for the help. I did finally get to clear and start over. Cleared everything and it gave me some pages that didn't show up with my original start. With everything showing that I needed and ente... See more...
Thanks for the help. I did finally get to clear and start over. Cleared everything and it gave me some pages that didn't show up with my original start. With everything showing that I needed and entering all my own data, 22 minutes later I filed. I clicked on file section and that gave me the complete list on the left so that I could clear. I had tried every other section and it didn't help. Had been hesitant to click on file section. Had forgotten how many chances you get to check things before actually filing. 🤓👍
Thanks Patricia,  Yes 0 does work.  It doesn't feel like the correct number as there are carry over losses, and baffles the mind why TT is asking when it knows the answer. 
That did it for me, Patricia. Thank you very much.
If your child's birthdate indicates that he/she is under 19, you will not get the FT student question in personal info. Later, in the educational expenses section, you will indicated her student stat... See more...
If your child's birthdate indicates that he/she is under 19, you will not get the FT student question in personal info. Later, in the educational expenses section, you will indicated her student status. 
It depends on what program you are using. See your options here: How do I file an IRS tax extension? - TurboTax Support - Intuit    This will extend the time you have to file your taxes until Oct... See more...
It depends on what program you are using. See your options here: How do I file an IRS tax extension? - TurboTax Support - Intuit    This will extend the time you have to file your taxes until October 15th, 2025.     Also, you may have to do your state taxes: Do I need to file an extension for my personal state taxes?     Remember, an extension gives you more time to prepare your taxes, but it doesn't extend the time to pay your taxes.  If you have an indication that you will owe taxes, you should make the payment by the original due date of the tax return to avoid additional interest and penalties.   
May I speak with a live agent?
If you enter the sale (assuming the entire 1099-k was for this one transaction) as a capital gain, you can skip entering the 1099-K.   Just keep it with your tax records.    How to enter a capital ga... See more...
If you enter the sale (assuming the entire 1099-k was for this one transaction) as a capital gain, you can skip entering the 1099-K.   Just keep it with your tax records.    How to enter a capital gain - you will enter it as if you have a 1099-B form.   Personal losses are not deductible and must be indicated as such if included.   
You must file a Pennsylvania tax return as well as a New Jersey tax return.   "Every resident, part-year resident or nonresident individual must file a Pennsylvania Income Tax Return (PA-40) when... See more...
You must file a Pennsylvania tax return as well as a New Jersey tax return.   "Every resident, part-year resident or nonresident individual must file a Pennsylvania Income Tax Return (PA-40) when he or she realizes income generating $1 or more in tax, even if no tax is due"   Commonwealth of Pennsylvania - Brief Overview and Filing Requirements   You must file a New Jersey tax return if your income  is above a certain threshold - $10,000 if Single.   NJ Division of Taxation   New Jersey and Pennsylvania are reciprocal states.   Just be sure to fill out your Personal Info correctly during the program interview; i.e., that you are a resident of New Jersey, and that you work in Pennsylvania.   Also, when completing your state tax returns, be sure to finish the non-residential return first (Pennsylvania), and then the residential return second (New Jersey).  Doing this will insure that NJ will give you credit for any tax that your employer withheld in PA.     In the future...   "A reciprocal agreement, also called reciprocity, is an agreement between two states that allows residents of one state to request exemption from tax withholding in the other (reciprocal) state. This can save you the trouble of having to file multiple state returns.   If your employer has withheld taxes for the work state instead of the resident state, you'll have to file for a refund from your work state. You'll still file your resident return that also includes that income and pay tax on it.   TurboTax handles reciprocal states and will generate the correct state(s) based on your personal information and your W-2."   "As a worker in a reciprocal state, you can fill out that state's exemption form and give it to your employer if you don't want them to withhold taxes for your work state. If you do this, make sure your employer also withholds taxes for your resident state, otherwise you may get hit with underpayment penalties come tax time."   Pennsylvania Department of Revenue - Employee's Nonwithholding Application Certificate (REV-419   For more information, please see TurboTax FAQ: What is a state reciprocal agreement?   For more information, please see TurboTax FAQ: Which states have reciprocal agreements?
There is a link below Box 1 on the 1098T that you will check.    if using TurboTax Online, it says this is not what XX paid to the school.  You will select this and put in $58,000.  If in t... See more...
There is a link below Box 1 on the 1098T that you will check.    if using TurboTax Online, it says this is not what XX paid to the school.  You will select this and put in $58,000.  If in the software, it will say this isn't the amount I paid to this school. Select this and make the correction.    Be sure you have all documentation ready in case proving the payments were made if the IRS questions this.     
Yes.  If your improvements cost $13,700 and you paid $100k, then you would enter $113,700 for your cost basis.