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

Please clarify your question by providing some additional information so we may better help you. Such as: What version of TurboTax are you using? What are you entering? What TurboTax screen are you o... See more...
Please clarify your question by providing some additional information so we may better help you. Such as: What version of TurboTax are you using? What are you entering? What TurboTax screen are you on? Is the error on your Asset Entry Worksheet? Do you have a rental property? Are you claiming miscellaneous itemized deductions? Are you a government official or in the Armed Services, or do you have impairment-related work expenses?
How do I "hand over" my filing to an expert?
En TurboTax no podras preparar y enviar electrónicamente el formulario 5472 del IRS.  Si puedes preparar el formulario 1120 federal y de Delaware.    
Yes, you need to file Maryland Part year resident return. Only income earned while you were Maryland resident is taxable on your Maryland state return. TX does not have any income tax. How do I fil... See more...
Yes, you need to file Maryland Part year resident return. Only income earned while you were Maryland resident is taxable on your Maryland state return. TX does not have any income tax. How do I file a part-year state return?   Is federal wage info in boxes 1–14  the same on both W-2s? Did your employer enter TX in box 15 on one of the W-2? 
Additional info: my taxable income decreased quite a bit this year from last year, while my blended tax rate increased from about 32% to 42%. I had no other changes from last year to this year other ... See more...
Additional info: my taxable income decreased quite a bit this year from last year, while my blended tax rate increased from about 32% to 42%. I had no other changes from last year to this year other than my income decreasing. Why would this happen?
You will have to split Form 1099-R into two separate Forms for TurboTax to handle this situation. One for the rollover to the traditional IRA and one for the conversion to the Roth IRA. As long as th... See more...
You will have to split Form 1099-R into two separate Forms for TurboTax to handle this situation. One for the rollover to the traditional IRA and one for the conversion to the Roth IRA. As long as the total and distributions codes match entering it like this will not cause a problem.   Click on "Search" on the top right and type “1099-R”  Click on “Jump to 1099-R” Enter the first 1099-R for the rollover into the traditional IRA: Box 1 Enter amount send to traditional IRA Box 5 blank On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No" On the "Did you move the money to a Roth IRA?" screen answer "No" Enter a second 1099-R for the conversion to Roth IRA: Box 1 Enter amount send to Roth IRA Box 5 enter amount listed on Form 1099-R On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No" On the "Did you move the money to a Roth IRA?" screen answer "Yes"
1384109225 - 21126696   turbotax 2024 deluxe is up to date. also ran the super patch on top of it. hawaii e-file is still blocked by schedule X.
You would enter as a negative number any investment expense that you entered on the Federal return that was attributable to income not taxed in California.    If the expense was incurred to manag... See more...
You would enter as a negative number any investment expense that you entered on the Federal return that was attributable to income not taxed in California.    If the expense was incurred to manage an account that has items both taxable and not taxable by California you could allocate the percentage that applied to nontaxable California income. If the fee is the same regardless of the California items, you don't have to enter any adjustment.    
I had a company 401K that I contributed to for about 20 years, and some of the early contributions to that 401k were ‘after tax’.  Post retirement, in 2024, I withdrew the ‘after tax’ $ (say that was... See more...
I had a company 401K that I contributed to for about 20 years, and some of the early contributions to that 401k were ‘after tax’.  Post retirement, in 2024, I withdrew the ‘after tax’ $ (say that was $10k) and converted them to a Roth IRA.  I was also required to withdraw the earnings from those ‘after tax’ $ (say that was $40k) and those were rolled over to a rollover IRA.   The Form 1099-R shows: Box 1 (Gross Contribution) of $50k Box 2a (Taxable amount) and 2b are blank Box 5 (Employee contrib/desig Roth contrib or insurance premiums) showing $10k and Box 7 (code) shows G-Direct rollover and rollover contribution.        In Turbotax,  it asks: Is this 1099-R reporting a rollover of funds from a 401(k), 403(b) or governmental 457(b) plan to a designated Roth 401(k) or Roth 403(b) plan? The available answers are Yes and No.   However, in my case, some of the money went to a Roth 401(k) and some went to a Rollover IRA, so how do I answer that question (it’s not a Yes or No question for me)? One further question related to this, in the Turbotax ‘Picture of Your 2024 Income’, that $50k shows as a line item and drives up my 2024 Total Income by $50k (even though I don’t get taxed on it).  Turbotax never did ask me about where that other $40k went (ie that it went into a Rollover IRA).  Shouldn’t Turbotax ask me whether the $40k went into a rollover IRA?  Your input on this is greatly appreciated. 
Please see this guide How do I find my license code for TurboTax Desktop?   For installation and software issues you can contact the TurboTax Support Phone Number   Edited 04/08/2025 : 07:55 AM P... See more...
Please see this guide How do I find my license code for TurboTax Desktop?   For installation and software issues you can contact the TurboTax Support Phone Number   Edited 04/08/2025 : 07:55 AM PST  
MY PARENTS ARE CORRECTLY CLAIMING ME AS A DEPENDANT. HOW DO I LET TURBO TAX KNOW THIS SO I DON'T CLAIM ME?
what is this tax on my retirement for reason
what is this tax on my retirement for reason
If you mean you will be given a Form 1099-NEC for work performed in 2025, then yes, you should pay estimated taxes of at least 15% of your net self-employment income, to cover the self-employment tax... See more...
If you mean you will be given a Form 1099-NEC for work performed in 2025, then yes, you should pay estimated taxes of at least 15% of your net self-employment income, to cover the self-employment tax you will be subject to. In addition, you will likely be subject to income taxes of 12% to 22% of your taxable income, so you should pay in estimated taxes for that as well.   The first quarter estimated tax is Due April 15, so you should make your payment by then.  
You could try manually changing to Itemizing Deductions from the Standard Deduction in TurboTax.   If you are using TurboTax Online to switch to Itemized Deductions from the Standard Deduction yo... See more...
You could try manually changing to Itemizing Deductions from the Standard Deduction in TurboTax.   If you are using TurboTax Online to switch to Itemized Deductions from the Standard Deduction you will do the following:   In your left panel scroll down to "Tax Tools" Click on "Tools" Click on the box "Topic Search" In the Box "I'm looking for:" type in "standard deduction" This will take you to the page "Based on what you told us..." Here you can change your deduction by clicking the box "Change my Deduction"   If you are using TurboTax Desktop to switch to the Standard Deduction you will do the following: Go to "Federal Taxes" tab in the gray bar at the top of your screen Select the "Deductions & Credits" tab (under Federal Taxes in the gray bar at top of your screen Click on "I'll Choose What to Work On" Select "Continue" at the bottom of page Select "Continue" on the next page that says "Let's Check Your Deductions and Credits" Select "Continue"  on the next page that says "Here Are Your 2024 Deductions & Credits" The following page will give you the opportunity to change your deduction by clicking on the box "Change my deduction"   You could also try deleting your Form 1098's and re-entering them. Sometimes this works. Also, you must answer the question, "Is this loan secured by a property of yours?" as "Yes" in order for your mortgage interest to be included.   You can get back to your entry screens in TurboTax for Mortgage Interest to check that your entries are correct as follows:    Click on "Search" (magnifying glass) at the top right of your screen and  Type "1098" in the search bar. ‌ Click on "Jump to 1098."  This will allow you to review your entries for your mortgage interest from Form 1098 and delete your Forms 1098.   Click here for "Where do I enter my 1098 mortgage interest statement?"   Click here for additional information on the Mortgage Interest Deduction   Click here for additional information on mortgage interest.
You do not report interest earned/gained as taxable income. unless it is paid out to you. You do have a 8938 filing requirement if the balance on the accounts exceeds $50,000 on the last day in the y... See more...
You do not report interest earned/gained as taxable income. unless it is paid out to you. You do have a 8938 filing requirement if the balance on the accounts exceeds $50,000 on the last day in the year or $75,000 at any time during the year if you file Single.  The thresholds are $100,000/$150,000 respectively if Married Filing Jointly.