All Posts
a month ago
Is the total yearly amount of a government pension a required minimum distribution?
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a month ago
i cant find any location in the software to enter these numbers
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a month ago
To enter estimated tax paid in 2025
Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates
a month ago
It's advised to enter all income and expense information in Step-by-Step view in the desktop software, that's how I was able to get it to add back automatically. Then, switch to Forms view for edits ...
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It's advised to enter all income and expense information in Step-by-Step view in the desktop software, that's how I was able to get it to add back automatically. Then, switch to Forms view for edits and detail entries after entering most of your tax return information in Step-by-Step. I'm glad you got everything working in the end!
By the way, no, this is not on our list of investigation issues at all, there isn't a particularly good reason that ChatGPT would respond with that.
a month ago
Year 2021 tax return, looks like it says I didn't pay full tax, but it seems it's linked to PFL benefits received that year.
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a month ago
Whether the income came from your former job or from retirement income is irrelevant. All of your income must be entered; the software will reconcile the amount of income you received and the tax t...
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Whether the income came from your former job or from retirement income is irrelevant. All of your income must be entered; the software will reconcile the amount of income you received and the tax that was withheld to determine if you get a refund or owe more tax. As for saying that you are retired---the only place to indicate that is "occupation" in MY INFO. You can say you are retired in MY INFO if you choose to. The IRS only uses occupation for statistical purposes; it has no effect on your tax due or refund.
a month ago
I sold my shares from work how much do I have to pay for capital gains
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a month ago
Why won't TurboTax let you delete a message to the community?
a month ago
your program doesnt allow for entering last years capital loss carryover. I didn't use your program last year. call me
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a month ago
The credit is allowed for your main home and secondary/ vacation homes (not a rental property). The credit is used to reduce your tax liability. The credit is 30% of the total. There is not a good w...
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The credit is allowed for your main home and secondary/ vacation homes (not a rental property). The credit is used to reduce your tax liability. The credit is 30% of the total. There is not a good way to enter a second home and address. You can enter the full expenses for one address that you select.
For a rental property, enter the solar installation as a depreciable asset in the Rental section or use Form 3468 in Wages & Income > Business Deductions & Credits >Other Business Credits.
@user17737679674
a month ago
Please note that the IRS publication also says, "Deduction over $500 for certain clothing or household items. You must include with your return a qualified appraisal prepared by a qualified appraiser...
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Please note that the IRS publication also says, "Deduction over $500 for certain clothing or household items. You must include with your return a qualified appraisal prepared by a qualified appraiser of any single item of clothing or any household item that is not in good used condition or better and for which you deduct more than $500." This refers to single items over $500. You're saying the IRS wants appraisals and detailed info when someone donates dozens of pieces of clothing or other household items, purchased over many years, each now worth $5, $10, maybe $50 at most? I used Deductible Duck to enter my donations (now that ItsDeductible is gone), and it says the $500 rule only applies to single items worth that much or more. Why doesn't TurboTax abide by this?
a month ago
If you already e-filed you are stuck with "5 days early" if the return is accepted. If it rejects you can try to remove that option in the FILE section before you re-file.
"5 days earl...
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If you already e-filed you are stuck with "5 days early" if the return is accepted. If it rejects you can try to remove that option in the FILE section before you re-file.
"5 days early" means you are supposed to receive your federal refund from one to five days sooner than the refund date shown on the IRS refund site. If it does not meet that "at least one day sooner" date, they are supposed to refund the $35 fee.
You have to pay attention to the date on the IRS refund site.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
a month ago
no me deja continuar con el QMID costo
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a month ago
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/m...
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Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
a month ago
A step by step explanation would be greatly appreciated.
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a month ago
What you did with the gain on the sale of the home is no longer relevant.
If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year...
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What you did with the gain on the sale of the home is no longer relevant.
If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).
Gain or Loss = Sales Price minus Sales Expenses minus Adjusted Basis (Purchase Price plus the cost of improvements prior to the sale)
Selling cost can include escrow fees, legal fees, real estate agent commissions, advertising costs, and even home staging fees.
If you had a gain greater then the exclusion amounts then you would have to report the sale. Also, if you received a Form 1099-S for the sale either with a gain or a loss, the sale has to be reported. You will need the online TurboTax Premium edition to report the sale if you are using the online editions. Make sure that you indicate that you want the sale of the home reported on your tax return.
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Less Common Income On Sale of Home (gain or loss), click the start or update button
a month ago
Online only supports one return per account. You have to setup another account to do your son's return but you can use the same email address for up to five accounts. Each return incurs a separat...
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Online only supports one return per account. You have to setup another account to do your son's return but you can use the same email address for up to five accounts. Each return incurs a separate charge unless you can use the Free Edition.
a month ago
It's not just people new to finances who find it frustrating to track down a number that ends up not being used. You say the number is needed. But if the calculation is A*B, and we have already tol...
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It's not just people new to finances who find it frustrating to track down a number that ends up not being used. You say the number is needed. But if the calculation is A*B, and we have already told you that A is zero, then B is not needed. In this case, we have already indicated that there were never any non-deductible contributions to any of our IRAs. That means 0% of our Roth conversion is non-taxable. In my case, I looked up and put in the real number. It does not appear on Form 8606. So when you say the IRS needs it, I disagree. If it did, then isn't it a bug that it doesn't appear on the 8606? I don't mean to beat this into the ground. But the fact that an Employee Tax Expert, who undoubtedly knows this area better than me, won't concede that (in this case) the question is unnecessary makes me wonder whether I truly understand the underlying tax issue. And that's why I keep pressing for an explanation of why that number is necessary.