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

This is very frustrating. California Amended returns can be e-filed, but Turbo Tax is not giving an option to mail the Amended return in. I have used all my allowed e-files for family, and I do not w... See more...
This is very frustrating. California Amended returns can be e-filed, but Turbo Tax is not giving an option to mail the Amended return in. I have used all my allowed e-files for family, and I do not want to purchase the professional edition just for this one return.
We have been renting a building for business purposes for 17 years but renovated before moving in,  and therefore lots of leasehold improvements that we have depreciated over the years.  Just before ... See more...
We have been renting a building for business purposes for 17 years but renovated before moving in,  and therefore lots of leasehold improvements that we have depreciated over the years.  Just before our lease ended last summer, we had to do a bunch more renovating/repairs (due to aging, not misuse) that we agreed to with the owner.  Do we add that amount to the leasehold improvements or simple contribute it to repairs.  
@rmeades Go to this IRS website for information on using an IP PIN when duplicate SSN have been used on e-filed tax returns - https://www.irs.gov/newsroom/irs-takes-steps-to-help-prevent-refund-delay... See more...
@rmeades Go to this IRS website for information on using an IP PIN when duplicate SSN have been used on e-filed tax returns - https://www.irs.gov/newsroom/irs-takes-steps-to-help-prevent-refund-delays-by-accepting-duplicate-dependent-returns-with-an-ip-pin-for-2025-filing-season-taxpayers-encouraged-to-sign-up-soon-for-ip-pin-online-account  
For real estate, you don't divide the percentage like you referred to; you report 100%.  However, TurboTax is not set up to automatically report this situation (and in prior years directly told you t... See more...
For real estate, you don't divide the percentage like you referred to; you report 100%.  However, TurboTax is not set up to automatically report this situation (and in prior years directly told you to report it incorrectly and pay WAY more tax than you should).  It isn't easy to report it, so you may consider a tax professional this year. If you try it in TurboTax, you need to know:   How much depreciation was taken. Exact purchase price (including closing costs that add to the Basis). Exact selling price (after subtracting pertinent selling fees).   Without knowing the exact numbers, my first guess is that you have no gain and no loss.  But if you have a 1099-S, it needs to be reported.
To change your 2023 AGI, click on File on the left side of the online program screen.  On Step 3 click on Revisit.  Change the AGI in Step 3
every year I prepare form 1116 for foreign tax credit and the desktop generate an equivalent form for AMT calculation. This year (2024) the forms are created but no data carries over.
How do I wire Oklahoma NR form 500-B if none of your associates/experts I spoke with know what it is, and it is not in your data base?  I need to wire this verification of withholding form to get my ... See more...
How do I wire Oklahoma NR form 500-B if none of your associates/experts I spoke with know what it is, and it is not in your data base?  I need to wire this verification of withholding form to get my refund!
In reddit, there is some evidence that people tried the identity protection PIN route, but ended up still having to submit by mail instead of electronically.  Plus, since it wasn't fraud, I'm worried... See more...
In reddit, there is some evidence that people tried the identity protection PIN route, but ended up still having to submit by mail instead of electronically.  Plus, since it wasn't fraud, I'm worried that requesting the ID protection PIN will throw a bad light on my dependent's return event though she successfully corrected it, or on us for all future returns.  But I also worry that just filing by mail will delay the IRS receiving our payment now that it is April 19! (I just kept clicking resubmit since April 15.)
To change your filing status or your dependency status and you are using the TurboTax online editions, click on My Info on the left side of the online program screen.  Edit your personal information.... See more...
To change your filing status or your dependency status and you are using the TurboTax online editions, click on My Info on the left side of the online program screen.  Edit your personal information.   For your dependency status, on the screen Let's check for some other situations, check or un-check the box Another taxpayer can claim me as a dependent on their tax return.    
I bought a condo in 2005, converted it 12 years later to a rental property in 2017, and sold it in 2024. Is the "Business Portion" of the asset sale 100%, or is it the % of time it was a rental from ... See more...
I bought a condo in 2005, converted it 12 years later to a rental property in 2017, and sold it in 2024. Is the "Business Portion" of the asset sale 100%, or is it the % of time it was a rental from 2017-2024? If it's the latter, it would be a rental for 7 of the 19 years of ownership which is 36.8% business portion.   More data: 11/2005 - condo purchased for 304k   1/2017 - condo rented out - I could have sold at that point in time for around 220k (loss due to housing crash in 2008); At that time I used that value of 220k for FMV.   8/2024 - tenant moved out; unit vacant until sale   12/2024 - condo sold for 265k   Condo was sold for a loss compared to what I initially paid. But it seems like turbotax is using the 220k estimate from 2017 when it converted to a rental to calculate a gain on my sale. I'm hoping I can accurately claim the 36.8% business portion as taking a loss on the sale of the property and then paying taxes on a "gain" is brutal. Should I go back to 2017 and change my FMV? I'm confused how I can pay on a gain that isn't really a gain; can anyone explain that to me? More info below:   My 4797 looks as follows:   Part I, line 2 - gross sales price (d) 90,618; cost or other basis (f) 71,181; gain (g) 19,437 line 6 gain - 54,628 line 7 combination gain - 74,065   Part 3, line 20 - gross sales price - 171,882 line 21 - cost or other basis plus expense of sale - 160,195 line 22 depreciation - 42,941 line 23 adjusted basis - 117,254 line 24 total gain - 54,628
You will need to get an Identity Protection PIN from the IRS so that you can e-file your 2024 tax return.  Otherwise you will have to print and mail your tax return.   Go to this IRS website for ... See more...
You will need to get an Identity Protection PIN from the IRS so that you can e-file your 2024 tax return.  Otherwise you will have to print and mail your tax return.   Go to this IRS website for an IP PIN - https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin   To enter, edit or delete a 6 digit IP PIN Click on Federal Taxes (Personal using Home and Business) Click on Other Tax Situations Scroll down to Other Return Info On Identity Protection PIN, click the start button   See this TurboTax support FAQ for how to print and mail a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/print-mail-return-turbotax-online/L5bwuqXGy_US_en_US?uid=m9om39w8
My college student dependent went through the process of filling out forms to change her tax status to dependent and resubmitted her taxes and they were approved. My taxes were correct, but when I res... See more...
My college student dependent went through the process of filling out forms to change her tax status to dependent and resubmitted her taxes and they were approved. My taxes were correct, but when I resubmit the same way, it continues to reject mine.
need help
I have been using Turbo Tax for 20 years.  Guess what.  Ill never use it again.  The cost is ti high and program sucks.
These are the same 1099-Rs that I have been using for years. I donot understand now why the IRS is rejecting the taxes for this reason. I have double checked all information is still the same from l... See more...
These are the same 1099-Rs that I have been using for years. I donot understand now why the IRS is rejecting the taxes for this reason. I have double checked all information is still the same from last year.
Oh if the refund went through the 3rd party bank and they had to send you a check instead of Direct Deposit there was probably another fee for that like $35.
This worked, Redistributable C++.   Now I hope this doesn't give anyone a means to enter our computer systems, LOL