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Rentals are often at a tax loss after you subject expenses and depreciation, so the rent income may not necessarily be adding to your taxable income.  And if that net rental amount is negative, it ma... See more...
Rentals are often at a tax loss after you subject expenses and depreciation, so the rent income may not necessarily be adding to your taxable income.  And if that net rental amount is negative, it may also not be reducing your taxable income either because rental losses by default can't reduce your taxable income, so the tax loss just gets suspended and carried forward until you can use it in a future year if you either have future positive net passive (rental) income, or if you sell the property that also unlocks it.   The carry forward calculations and amount appear on form 8582.  TurboTax will carry it forward each year for you, but if you ever change tax software, you have to make sure it gets carried over.   There are exceptions that can allow rental loss to reduce your taxable income, including if your overall income is under $150k (in that case up to $25k in losses can offset your other income, but if your income is $100k-$150k, that $25k is reduced). 
Maybe you are waiting for some forms.  Click Review to see if you are missing some forms needed in order to e-file.   Many federal and state forms are not yet available.  Check here for form avai... See more...
Maybe you are waiting for some forms.  Click Review to see if you are missing some forms needed in order to e-file.   Many federal and state forms are not yet available.  Check here for form availability. The dates are subject to change.   Tax form availability tool     Be patient.    IF you e-file now, your return will go into “pending” until the IRS starts to accept/reject returns in late January. You cannot make any changes while the return is on the server. The IRS will start to accept/reject 2025 e-files on January 26.   And….a state return cannot be accepted until after the IRS accepts your federal return.         https://www.irs.gov/newsroom/irs-announces-first-day-of-2026-filing-season-online-tools-and
Good afternoon, I received the TT email regarding form 5695 which stated:  "The tax forms we needed to finish up your taxes are ready. - Form 5695, Residential Energy Credits Open TurboTax on you... See more...
Good afternoon, I received the TT email regarding form 5695 which stated:  "The tax forms we needed to finish up your taxes are ready. - Form 5695, Residential Energy Credits Open TurboTax on your computer, install the updates when prompted, and your forms will be automatically included. " I installed the update, but TT portion for home energy credits still indicates still indicates "available soon" I don't understand. I downloaded and installed the update.  
For those saying “you shouldn’t want a refund, then you overpaid”. Some of us put in Solar Systems last year, mine was done in December. It would have been impossible to adjust my withholding or quar... See more...
For those saying “you shouldn’t want a refund, then you overpaid”. Some of us put in Solar Systems last year, mine was done in December. It would have been impossible to adjust my withholding or quarterly payments not knowing I would qualify for this tax credit on my 2025 taxes. It’s a doozy too, mine is $15,000. So move along. 
Have you tried clearing your cache & cookies yet?   Your browser stores recently visited webpages as temporary files in a cache, which enables the pages to load more quickly when revisited.   ... See more...
Have you tried clearing your cache & cookies yet?   Your browser stores recently visited webpages as temporary files in a cache, which enables the pages to load more quickly when revisited.   However, a full or corrupted cache can cause problems in TurboTax, so sometimes you need to clear your cache (that is, remove these temporary files).   Here are the official instructions for the most popular browsers: Google Chrome Mozilla Firefox Microsoft Edge Apple's official support site doesn't appear to contain instructions for clearing the cache in Safari. Your best bet is to search the Internet for clear Safari cache or similar search terms.     Cookies are small files that temporarily store data on your computer. We use them to personalize your experience so you see information you already entered and not items that are irrelevant or repetitive.   On rare occasions, they may make your browser think you already did something that you still need to do. To fix that, you'll need to delete (clear) the cookies from your browser.   Each browser has a slightly different method for deleting cookies. Choose the browser you're using: Microsoft Edge Mozilla Firefox Google Chrome Safari Safari for iOS (mobile devices)     For more information, please see TurboTax FAQ: How to clear your cache?   For more information, please see TurboTax FAQ: How do I delete cookies?  
I got an email on Oct 22.  That was before the Desktop program was released in November.  
I'm getting the activation request each time I open or update the program.  I am not sure which action actually triggers this as I wasn't paying attention.   Not sure if there is current informatio... See more...
I'm getting the activation request each time I open or update the program.  I am not sure which action actually triggers this as I wasn't paying attention.   Not sure if there is current information on this issue and sorry for the post if there is a solution that I have not been able to find.  I did run across various potential fixes that seem to be met with approval/disapproval by users and not to eager executing them and finding they didn't work.  Especially if the 5 license limit is impacted by unsuccessful attempts.     I've never experienced this before and I have used Turbo tax going back to at least 2006.     Any info would be much appreciated. dp
@wheresjonny  using the simplest manifestation of the scenario  i.e. an US person ( citizen/GreenCard/Resident for tax purposes ) owning a foreign residential property, used as income property, havin... See more...
@wheresjonny  using the simplest manifestation of the scenario  i.e. an US person ( citizen/GreenCard/Resident for tax purposes ) owning a foreign residential property, used as income property, having foreign bank account(s) and having  US tax-home,  YES,  TurboTax of appropriate level  ( I use  windows  Home & Business  and partial to it ) can indeed do an excellent job of  helping prepare a correct return ( both federal and State). There is very little difference between  a Schedule-E for a domestic prop. vs. a foreign prop. Form 1116 is supported by TurboTax adequately. Filing of FBAR is  done directly at FinCen.gov ( form 114 and ONLY on-line  ).   FATCA  ( form 8938 ) is filed along with your return and supported by TurboTax Note that rental income recognition for US purposes is per US tax laws only and , based on the tax regime at the host country, may or may not result in the same foreign source income and/or  FTC. Have zero opinion on whether the  holding of the foreign income prop. should be through an entity ( domestic or foreign ) or individual. Also please consider familiarization with US-that country tax treaty. Is there more i can do for you   
@terri_romero You cannot make any changes after e-filing unless the IRS rejects your e-file.  Then you can fix it and re-file.   But....did you enter a qualified dependent?   If you did not enter a q... See more...
@terri_romero You cannot make any changes after e-filing unless the IRS rejects your e-file.  Then you can fix it and re-file.   But....did you enter a qualified dependent?   If you did not enter a qualified dependent, you cannot file as HOH.   Am I Head of Household?   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-filing-status/qualify-head-household-2021/L0NxUtVc2_US_en_US?uid=m5x19jkx What is a "qualifying person" for Head of Household?   If you qualify as Head of Household, when you enter your marital status (single or married filing separately) into MyInfo, and then enter your qualifying dependent, TurboTax will offer HOH as your filing status.  
It depends. Let's look at the reasons on each side of the decision and checking in the program.  Claiming the retirement subtraction is up $24k for single filers/ $48k married. High incomes generally... See more...
It depends. Let's look at the reasons on each side of the decision and checking in the program.  Claiming the retirement subtraction is up $24k for single filers/ $48k married. High incomes generally do better taking the subtraction. If you don't take the retirement subtraction, you can take: Homestead credit - if you have a large credit here,  try both ways in the program. This is a refundable credit and that matters. Married couple credit - up to $480 Itemized deduction credit - 5% of some expenses School property tax credit - up to $300 Working families tax credit Earned income tax credit In addition, if you have low retirement income and high property taxes or medical expenses, the itemized deduction credit may be better. Finally, the program allows you to change your answers so you can try one method and then the other. Check your tax liability and refund both way. 
Yup it doesn't work.  I have the visual basic update, ran as administrator, no VPN, etc. Loaded program errors out on launch: "Looks like we've run into an error" window.  Switching to H&R Block afte... See more...
Yup it doesn't work.  I have the visual basic update, ran as administrator, no VPN, etc. Loaded program errors out on launch: "Looks like we've run into an error" window.  Switching to H&R Block after 20+ years of Turbo tax.  
You may have received an automated email indicating that Form 5695 was available. While the form has been finalized, the final software update is still being deployed, and some customers may not yet ... See more...
You may have received an automated email indicating that Form 5695 was available. While the form has been finalized, the final software update is still being deployed, and some customers may not yet see the form available in their product.   The update is actively rolling out across all platforms, and full access will be available once deployment is complete. No action is needed from you at this time. Check again tomorrow and/or this weekend to complete filing 5695. If you continue to see this form blocked after this weekend (1/25/26), please tell us in the replies below.   @jenlang6666   
I figured it out, i had to go back to where I entered the premium in my 1099R to be able to change it.  
Im having the same issue...seems like that automated email notifying of an available form should go out AFTER it is actually available to the customers. 
I agree.  TurboTax was once a good product.  Now they are trying to monetize every element (like eliminating ItsDeductible and charging $30+ for Deductible Duck) to gouge long-time customers.   I am ... See more...
I agree.  TurboTax was once a good product.  Now they are trying to monetize every element (like eliminating ItsDeductible and charging $30+ for Deductible Duck) to gouge long-time customers.   I am looking for alternatives  
Yes for 2025, I already submitted my 2025 and I didn't realize I entered single instead of head of household until it was approved.  I wanted to amend it.
TT notified customers only AFTER a vast majority of us had used our "automatic renewal" for the desktop version. This is sooooooo disappointing.  I haven't made a final decision how I will proceed fo... See more...
TT notified customers only AFTER a vast majority of us had used our "automatic renewal" for the desktop version. This is sooooooo disappointing.  I haven't made a final decision how I will proceed for 2025 but I will be cancelling automatic renewals!