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

1- No.  That isn't income.  You unloaded personal items.  It's like a garage sale - you don't need to report it.   2- Nothing.  Distributions of items that are not taxable don't have to be report... See more...
1- No.  That isn't income.  You unloaded personal items.  It's like a garage sale - you don't need to report it.   2- Nothing.  Distributions of items that are not taxable don't have to be reported.  Make sure you dot the I's and cross the T's for the laws in your area but there are no federal forms that you need to file for this estate.   However, you and your siblings may need to report your portion of the sale of the house on your personal returns.  You will report it as a sale of a house with the amount of the proceeds that you received as a sale price and the exact same amount as the cost or 'basis' of the property sold.     @DBRankin 
The refund advance program ended at the end of February.
Yes, if you filed with TurboTax Easy Extension your Form 4868 was automatically filed.   @kjsbroke     
Did you get this resolved?  I am having the same issue.  I've used this company for several years and have always just entered the SSN because they don't have an EIN.  Now nothing works and says I ha... See more...
Did you get this resolved?  I am having the same issue.  I've used this company for several years and have always just entered the SSN because they don't have an EIN.  Now nothing works and says I have to file by mail.  I have deleted it and re-added it three times, and I am still getting the same error.
If it's a .tax2024 file then it should be a native turbo tax file.  You shouldn't need to import it, you can just open it.  The import function is looking for a file with a different extension.
you need to provide more details for anyone to help...   are you talking about 1099-INT Box 8 or 1099-DIV Box 12?   What do you mean by "whole other number" - is it close but off by a small adjus... See more...
you need to provide more details for anyone to help...   are you talking about 1099-INT Box 8 or 1099-DIV Box 12?   What do you mean by "whole other number" - is it close but off by a small adjustment, or just totally missing the 1099 amount?   If 1099-INT do you have any premium or accrued interest adjustments?   If 1099-DIV double-check the state assignments in the interview screens following the screen with the box amounts, are split correctly, and the 1099-DIV is not flagged for "needs review" when you look at the list of your 1099s.   If you are seeing strange numbers from a 1099 it's worth trying to re-input as a fresh 1099 especially if imported.
Non resident of GA.  Only income I had was sale of inherited house when parent passed away.  Sold house 4 months after inherited for the "stepped up" basis - Sold for $240K, date of death value 240K.... See more...
Non resident of GA.  Only income I had was sale of inherited house when parent passed away.  Sold house 4 months after inherited for the "stepped up" basis - Sold for $240K, date of death value 240K.  Submitted Fed and GA taxes but noticed the data for the G2-RP is incorrect on the GA form.  Shows income of $0 instead of 240K.  I will amend my GA tax return.  So my question is - how do you properly annotate the GA return to show zero gain on the sale.  I can correct the G2-RP data (changing from $0 to $240k) but where do you annotate the deduction for the sale since there was no income.  FYI - I had to pay the 3% tax when sold ($7200) and should get that back since there was no gain and I had no other GA income.  Thank you!
For a number of years, I havebe prepared my Grandson's tax return using TurboTax.  The  2023 return was rejected due to a required 1095-A  data input that had not been done. Return was mailed and rec... See more...
For a number of years, I havebe prepared my Grandson's tax return using TurboTax.  The  2023 return was rejected due to a required 1095-A  data input that had not been done. Return was mailed and received at the Austin officc.  I  checked  for itg online and was given a status.   I looked again mid-summer, It was missing.We did not receive a refund check in the amount expected. This year's (2024) return was rejected because they could not verify hlm  due  to the Last  Year's AGI  entry not being matched. Now with numerous attempts to get  IRS help,  it appears that He has been dropped from the IRS accounts data banks.    HELP!!
Follow these steps: Return to the federal entry screen for deductions and credits. Edit your real estate tax. Enter the correct amount after credits.
If you don't record losses and carry them forward each year, you are giving  up a valuable deduction. If corrections are needed, the deadline for an amended  2021 tax return is April 15, 2025 If no... See more...
If you don't record losses and carry them forward each year, you are giving  up a valuable deduction. If corrections are needed, the deadline for an amended  2021 tax return is April 15, 2025 If not carried onto 2022, the deadline is one year later.   @wisdomseeker1992 
Are you checking the IRS Where's My Refund? site.  If you requested a Refund Advance when you filed, you could get your refund before the IRS is done processing your return.   Here's more info on... See more...
Are you checking the IRS Where's My Refund? site.  If you requested a Refund Advance when you filed, you could get your refund before the IRS is done processing your return.   Here's more info on the Refund Advance Program.   If you can give more details, we'll try to help.    @sierrajcurry 
As she is your dependent, you only can claim the AOTC for her. She cannot claim it.   To be eligible for AOTC, the student must: Be pursuing a degree or other recognized education credential... See more...
As she is your dependent, you only can claim the AOTC for her. She cannot claim it.   To be eligible for AOTC, the student must: Be pursuing a degree or other recognized education credential Be enrolled at least half time for at least one academic period* beginning in the tax year Not have completed the first four years of higher education at the beginning of the tax year Not have claimed the AOTC or the former Hope credit for more than four tax years Not have a felony drug conviction at the end of the tax year What are the income limits for the AOTC? To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly). You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly). You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers). If you cannot claim the AOTC, then she cannot claim it either, but she will have less taxable scholarship.
The diagnostic file was reviewed.  You will need to delete and re-enter your entries.  When you go in to delete the information, the Forms don't show as 1098, they show as Home Mortgage Interest Work... See more...
The diagnostic file was reviewed.  You will need to delete and re-enter your entries.  When you go in to delete the information, the Forms don't show as 1098, they show as Home Mortgage Interest Worksheet.     To delete the forms: Continue your return Select Tax Tools option on the left menu  Select Tools Under Other Helpful Links, choose Delete a form Find the home mortgage interest worksheets and delete them Once you delete the forms, reenter them.  Make sure that you don't enter any 0 for any boxes that are blank.     Where do I enter my 1098 mortgage interest statement?   @dzmz1217 
If you did the extension through TurboTax, you should have received an email confirmation.  If you do not have the confirmation, check your return to make sure it was filed.
You can deduct expenses that are ordinary and necessary for your business. The business you were trying to start is a rental so it goes on Sch E. You would list appraisal fees and inspection fees as ... See more...
You can deduct expenses that are ordinary and necessary for your business. The business you were trying to start is a rental so it goes on Sch E. You would list appraisal fees and inspection fees as "other expenses". Be sure you keep all documentation and that you qualify. If you really are in the business of rentals, great. See Where do I enter income and expenses from a rental property?
In general  severance pay is taxable in the year that you receive it. Your employer will include this amount on your Form W-2 and will withhold appropriate federal and state taxes.    See Publicati... See more...
In general  severance pay is taxable in the year that you receive it. Your employer will include this amount on your Form W-2 and will withhold appropriate federal and state taxes.    See Publication 525, Taxable and Nontaxable Income below, which states the following: Severance pay. You must include in your income amounts you receive as severance pay and any payment for the cancellation of your employment contract.   Health insurance premiums  are deductible on Schedule A,    Did you have a severance agreement with your employer?  I would not adjust your W-2 when inputting it into TurboTax as Form W-2 is transmitted to the IRS. I would contact your employer and discuss with them if you W-2 was issued correctly. If it was not, they should issue you a corrected Form W-2.     Click here for Publication 525 (2024), Taxable and Nontaxable Income