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Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows... See more...
Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.
To view what you were charged for:   Gog into TurboTax On the left sidebar toward the bottom Click Intuit Account A screen with boxes will show up From the left sidebar Select Pr... See more...
To view what you were charged for:   Gog into TurboTax On the left sidebar toward the bottom Click Intuit Account A screen with boxes will show up From the left sidebar Select Products and Billing For billing issues you can contact the TurboTax Support Phone Number
Yes, first it will go to Form 8995 and if there is any allowable qualified business income deduction (QBID) it will carry to your 1040, Line 13 as indicated by our amazing Tax Expert @MonikaK1. When ... See more...
Yes, first it will go to Form 8995 and if there is any allowable qualified business income deduction (QBID) it will carry to your 1040, Line 13 as indicated by our amazing Tax Expert @MonikaK1. When you enter the information TurboTax will automatically do the calculations.   Wages are not part of qualified business income however the taxable income is factored in to see what the allowed QBID might be. It is a 'lesser than' calculation. You cannot use that loss against personal income.  You can carry it forward to offset any future qualified business income (QBI) for a business or investment K-1 profit or positive qualified business income (QBI).   To include your QBID carryforward loss so that it is not lost you can use the steps below. TurboTax Desktop or TurboTax Online Business Income and Expenses > Less Common Business Situations > Net Operating Loss/QBI Carryforward Loss @hawapani123 
When you look at your 8889, line 3 will have your annual HSA contribution limit, which will be zero in your case for saying that you did not have HDHP coverage in any month.   Note that the line ... See more...
When you look at your 8889, line 3 will have your annual HSA contribution limit, which will be zero in your case for saying that you did not have HDHP coverage in any month.   Note that the line 3 amount can be changed on the subsequent lines, like if you are under a Family HDHP plan or are 55+, but what you are asking about is line 3. But not to worry, since line 3 is correct, the rest of the numbers will be correct, and you won't have to tell the IRS anything.   Yes, if you file by mail, you likely leave line 1 blank, but we have to give you this workaround to get you to e-file. Note that the IRS Instructions do not address this situation.   @BlindFaith 
Continue past the pages for Passive loss carryovers and QBI Carryovers. The third page asks about Section 199A (from Box 14 Code I).   @skaybee 
Finally approved. I checked Sunday and was approved for DD April 10th. If you called and they said everything looks good just hang in their it looks like. For some reason they seem to be extra slow t... See more...
Finally approved. I checked Sunday and was approved for DD April 10th. If you called and they said everything looks good just hang in their it looks like. For some reason they seem to be extra slow this year.
Thank you. I did the math and dividing line 18 by line 15 gives me a blended tax rate of 10.4%. That is far below the 42.5%. What should I check in the entries I have made to my tax form to fix this?
This doesn't seem to be how turbotax handles this. I paid OVER 110% of the 2023 tax liability amount through withholding and estimates in 2024, and TT is assessing me underpayment. is there a way to ... See more...
This doesn't seem to be how turbotax handles this. I paid OVER 110% of the 2023 tax liability amount through withholding and estimates in 2024, and TT is assessing me underpayment. is there a way to correct this?
Thank you Dana for your respond.   I am not eligible for roth IRA contribution, so have been doing backdoor in $6000 in 2020 and $6000 in 2021.  No contribution in 2022, and 2023. So I forgot how ... See more...
Thank you Dana for your respond.   I am not eligible for roth IRA contribution, so have been doing backdoor in $6000 in 2020 and $6000 in 2021.  No contribution in 2022, and 2023. So I forgot how to do backdoor in 2024, and contributed $7000 directly to Roth, and then immediately withdraw the $7000 in 2024.   Since my roth IRA fund is from conversion from traditional IRA in 2020 and 2021, do they count as Roth IRA contributions where you want me to enter at  Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen Thank you for your help!  
Depending on what type of Foreign Income you have, the foreign tax you paid is reported in the Foreign Tax Credit section, under Deductions & Credits.   The income is reported in the Income secti... See more...
Depending on what type of Foreign Income you have, the foreign tax you paid is reported in the Foreign Tax Credit section, under Deductions & Credits.   The income is reported in the Income section in the appropriate topic (such as Rental, Self-Employment, Wages, etc.)   If you paid Foreign Tax on a 1099-INT/DIV, when you report the income, the tax amount is carried over to the Foreign Tax Credit section for you.   Here's more info on Claiming the Foreign Tax Credit.   @ladyswg     
In 2024, I receive $88 per month as a Veterans Pension Benefit. Which totaled $1056 for 2024. Is this Tax Free as I understand it?
If you are in the My Info portion of the return and it is requesting your job, you can simply type Retired
Order Summary Not Available - Why I find my Order Summary
Same with me.  NJ "accepted" my return on Feb 6.  Today is April 7 and it's still showing as "Processing".  
If you do not have any tax due but a tax refund, you are not required to file an extension.
Answer no. It is a question PA now is asking to all PA tax filers. There is no type of penalty for not having insurance in PA.  It has no affect on your return. It is similar to how PA asks if you wa... See more...
Answer no. It is a question PA now is asking to all PA tax filers. There is no type of penalty for not having insurance in PA.  It has no affect on your return. It is similar to how PA asks if you want to register to vote when you get your drivers license.  It is just the state trying to make things easier for people to apply for while doing something else. 
It might be technically available, but I just filed my VA return through TurboTax online and it didn't appear to attach the form, but should have. Is there some other way TurboTax is reporting this i... See more...
It might be technically available, but I just filed my VA return through TurboTax online and it didn't appear to attach the form, but should have. Is there some other way TurboTax is reporting this information?
This is something you will have to work out with the IRS. You can call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday.   Also, if you can not verify him using last year's AGI,... See more...
This is something you will have to work out with the IRS. You can call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday.   Also, if you can not verify him using last year's AGI, you may have to mail your tax return. If you can't find your AGI to e-file, you can print and mail your return. You can follow this to mail your tax return: How do I file my return by mail?   You stated that your 2023 refund amount was not as expected, but you did receive one? So the return was processed for 2023.   You can use this IRS tool Where's My Refund? to check on the status of your refund. It provides updates regarding the processing of your tax return.    If your refund is missing, you can Use IRS Form 3911. This form notifies the IRS about the missing refund and initiates a 'trace' on your refund.    Check the "Where's My Refund" tool before filing Form 3911 because Form 3911 is only helpful if the IRS has processed your tax return and the refund has been issued.   If the "Where's My Refund?" tool confirms that your refund has been sent to you but  you have not received it, you should consider filing Form 3911.   This article provides some more details about filing Form 3911.  Click here for "Missing your Tax Refund Payment? File Form 3911"   Click here for Form 3911.   Click here for additional information about Form 3911.   Click here for How do I find last year's AGI?  
Yes it was my state. I didn’t have any federal taken out of my checks because of my income being low of 7k during 2024. And didn’t owe any money on my taxes for federal. Could that be the reason why?
You can't claimed the donation without the signed form.  Per IRS: You must attach the completed Form 8283 with all the required signatures to your tax return, either as a PDF attachment when electr... See more...
You can't claimed the donation without the signed form.  Per IRS: You must attach the completed Form 8283 with all the required signatures to your tax return, either as a PDF attachment when electronically filed, or mailed to the IRS with Form 8453.