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About Publication 527, Residential Rental Property (Including Rental of Vacation Homes)  page 28 states and the worksheet  5-1 begins on page 29: Used as a home and rented 15 days or more. If you... See more...
About Publication 527, Residential Rental Property (Including Rental of Vacation Homes)  page 28 states and the worksheet  5-1 begins on page 29: Used as a home and rented 15 days or more. If you use a dwelling unit as a home and rent it 15 days or more during the year, include all your rental income in your income. Because you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use, as described earlier in this chapter under Dividing Expenses. The expenses for personal use aren’t deductible as rental expenses. If you had a net profit from renting the dwelling unit for the year (that is, if your rental income is more than the total of your rental expenses, including depreciation), deduct all of your rental expenses. You don’t need to use Worksheet 5-1. However, if you had a net loss from renting the dwelling unit for the year, your deduction for certain rental expenses is limited. To figure your deductible rental expenses and any carryover to next year, use Worksheet 5-1.
There is no direct federal tax credit for paying student loan principal, but you can claim a federal tax deduction for up to $2,500 of interest (not the amount of the whole payment) paid on qualified... See more...
There is no direct federal tax credit for paying student loan principal, but you can claim a federal tax deduction for up to $2,500 of interest (not the amount of the whole payment) paid on qualified student loans. This deduction reduces your taxable income, and you do not need to itemize to claim it.   In TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: --Education   -Student Loan Interest paid (form 1098-E) It is an adjustment to income (above the line deduction).
Wrong account number 
For those who live in California and have GHPP (Genetically handicapped persons program) and HIPR (Health Insurance Premiums Reimbursement), are the reimbursements from the HIPR program taxable?   ... See more...
For those who live in California and have GHPP (Genetically handicapped persons program) and HIPR (Health Insurance Premiums Reimbursement), are the reimbursements from the HIPR program taxable?   These reimbursements are sent to me directly via check. This program reimburses me for medical premiums that are paid by payroll deduction (pre-tax).
The Form 1099-R section has been available for over a month. Clear cache and cookies on your web browser.  Or change your web browser to one of these you are not currently using, Google Chrome, Moz... See more...
The Form 1099-R section has been available for over a month. Clear cache and cookies on your web browser.  Or change your web browser to one of these you are not currently using, Google Chrome, Mozilla Firefox or Microsoft Edge.
Umm...obviously many other people are seeing a different message...one that uses the word "requires."
@Cruzer1943    I didn't have an issue getting a full amount of 40,000 to be used on the Sched A.  Cash $25,000 to one and $15,000 to another.  With a 75,000 AGI. __________________ Two things to ... See more...
@Cruzer1943    I didn't have an issue getting a full amount of 40,000 to be used on the Sched A.  Cash $25,000 to one and $15,000 to another.  With a 75,000 AGI. __________________ Two things to check: 1)  Examine your form 1040/1040-SR and make sure your expected ~$75,000 AGI is on line 11.  IF it's much lower, then the deduction may be limited because your donations exceeded 60% of AGI.  (or maybe you mis-entered some of your income, so that your AGI is lower than you expected.  If you are retired, the $$ amount of your Social Security included in AGI may be lower than you expected too.)   2)   After moving on from the table of charities, there is a question about the ones you donated to... "Are any of the charities you donated to a fraternal society, veterans' organization, nonprofit cemetery, or private foundation?"    Along with a series of checkboxes   Checking YES to any of them, can very well limit your cash deduction allowed for the ones you said Yes to.  The church donation should not be labelled a YES....but i don't know who else you donated to.
HELP! It's now March 3rd and my 1099-R section in Online Deluxe says "Available Soon". I was seeing that it should have been available at the end of January. Is there something I need to do?     
I've always assumed they are not reportable if under % of income.
Thanks so much for your offer, although things seem to be working on the new return that I just created. I appreciate your offer to help out.   With my previous returns (2024 and prior), which were... See more...
Thanks so much for your offer, although things seem to be working on the new return that I just created. I appreciate your offer to help out.   With my previous returns (2024 and prior), which weren't done in TurboTax, all schedule E expenses were recorded in total and the loss (triggered largely by depreciation) was transferred to form 8562 where it was disallowed based on my income, due to passive activity loss limitations (my income is over $150k). For some reason on my first attempt at a 2025 return, TurboTax allowed all of the expenses except depreciation on schedule E and then failed to limit the loss based on my income. So, I had two issues, TurboTax was not transferring depreciation to schedule E and it was allowing a passive activity loss that should be disallowed based on my income. That's why I started over with a new return.   With the new 2025 return, I can see that TurboTax is reallocating my rental property expenses as either personal (based on my percentage of personal use of my vacation home rental property) or disallowed based on not letting expenses exceed my income from the property. So, the depreciation is still not showing up on schedule E, although I can see why my expenses are limited to my income from the property so that I don't show a loss. I can now capture the disallowed expenses for my passive activity loss carryforward, so that I can deduct them when we exit the activity (i.e., when we sell the property). I prefer to see the loss calculated on schedule E and transferred to form 8562, which was the case with my 2024 return, although the method used by TurboTax does get me to the right result.   Hopefully that makes sense. Thanks again for your offer to help out.
Sometimes the state system skips the payment page because electronic payments aren't supported through banking services, or if ‌technical issues occur.  To correct this, follow next steps: C... See more...
Sometimes the state system skips the payment page because electronic payments aren't supported through banking services, or if ‌technical issues occur.  To correct this, follow next steps: Clear the Cache and Cookies from your computer to clear out any remaining data. How do I delete cookies  How to clear your cache    Go back into your software, and select "e-file state only" to initiate the payment process again. Make sure your state's tax forms are finalized and accepted for filing. If the problem continues, consider printing and mailing your state return.   
Thinking it is a requirement is totally understandable...since they clearly use the word "requires" at the top of the screen.
On re-login, there is no trace of that in-progress 2024 amendment; and now I do not see start amendment online option at all, it instead asks to use desktop software. How do I recover the in-progress ... See more...
On re-login, there is no trace of that in-progress 2024 amendment; and now I do not see start amendment online option at all, it instead asks to use desktop software. How do I recover the in-progress amendment? else, at least how do I restart the amendment using TurboTax Online? Appreciate your help.
Similar issue downloading 2025 1099s No issue in prior years (at least 5 years), so I suspect something with software updates, or maybe my new Win11 PC?   everything appears to be working normally ... See more...
Similar issue downloading 2025 1099s No issue in prior years (at least 5 years), so I suspect something with software updates, or maybe my new Win11 PC?   everything appears to be working normally  until, after it reports Connection established, I get a  screen I haven't seen in previous years for a final security check. I do not get a popup, but the screen showing the final security check shows what appears to be a sample, that has an "Allow" button that responds to the cursor hovering over it, but does nothing. This page says that if there is no popup, no further action is needed. But there is no "Continue" or equivalent button. and closing this page just takes me back to the start of download for this brokerage account (same result for two different brokerage accounts). Nothing is downloaded.
Even though the wording at the top of the screen uses the word "requires." Here is what I see on screen "We see you're trying to import a 1099-B, which requires an upgrade to Premier."
@atnovanow  I just sent a massive reply to you, but I'm not sure it posted. I don't see it in the thread; so if you didn't just get a lengthy explanation from me, please let me know, I'll re-type it... See more...
@atnovanow  I just sent a massive reply to you, but I'm not sure it posted. I don't see it in the thread; so if you didn't just get a lengthy explanation from me, please let me know, I'll re-type it.    Sheesh, even the TT forums are full of bugs!
Thank you for the response. Your response included: Answer 'Yes' to Do all of the following apply...? Please clarify why I should answer Yes to this question as I did not sell the car for a profi... See more...
Thank you for the response. Your response included: Answer 'Yes' to Do all of the following apply...? Please clarify why I should answer Yes to this question as I did not sell the car for a profit. I paid much more for it than the value I received as a trade in which holds true when reducing for business % values.   @DianeW777 
When I finished entering my tax data for 2025 (Premier, desktop), I knew that itemized deductions were a little better than standard for us this year (CA residents, so it was advantageous to us that ... See more...
When I finished entering my tax data for 2025 (Premier, desktop), I knew that itemized deductions were a little better than standard for us this year (CA residents, so it was advantageous to us that SALT cap went up.)  I was "done" on 2/13.   But I didn't notice then that standard deduction was used in the 1040. Fortunately I held off filing until 3/2 because I wanted to verify no changes to my 1099 from Schwab (others reported trouble getting theirs pulled into TurboTax, so wanted to wait until 2/27, when Schwab said everyone's 1099s would be available.)  Anyway, I caught the standard deduction in time to change it to itemized (saving $819).  Shouldn't I have seen the page for choosing when I went through it the first time?  Was there a software update that reset the choice?  I'm nervous about filing early now, since there was an update available when I returned to TurboTax yesterday to file (so if I'd filed after I was "done" before, I wouldn't have captured the latest update.