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This FAQ will explain how the form is generated automatically through TurboTax Desktop. Click TurboTax Desktop in the FAQ. What can I depreciate or expense with the business safe harbor method?
You can file your extension at TurboTax Easy Extension website.  
I got insurance from my job last year and i was apparently covered through the state in Jan by "non payment" so there is nothing to put in these rows? What am I supposed to do? I have trying to figure... See more...
I got insurance from my job last year and i was apparently covered through the state in Jan by "non payment" so there is nothing to put in these rows? What am I supposed to do? I have trying to figure this out for weeks!
Exactly! I called in, and the agent verified the amount, but referred me to the IRS website when I pressed for documentation. There is a calculator there and the result confirmed $2024. 
how to file a substitute 1099 R
The problem is that you don't need to file form 1116 if your foreign tax credit is less than $600. Turbotax is smart enough to realize this (hence why it says don't file the form), but its still flag... See more...
The problem is that you don't need to file form 1116 if your foreign tax credit is less than $600. Turbotax is smart enough to realize this (hence why it says don't file the form), but its still flagged as a problem and efile is still trying to file 1116 with my return. Please fix your software, so I can eFile my taxes.
Generally, alimony or separate maintenance payments are deductible by the payer spouse and includible in the recipient spouse's income if paid under a divorce or separation agreement executed before ... See more...
Generally, alimony or separate maintenance payments are deductible by the payer spouse and includible in the recipient spouse's income if paid under a divorce or separation agreement executed before 2019.    If you need to enter: 1. Click on Federal Taxes (Personal using Home and Business) 2. Click on Wages and Income (Personal Income using Home and Business) 3. Click on I'll choose what I work on (if shown) 4. Scroll down to Less Common Income 5. On Alimony Received, click the start or update button  
Alternatively, you can delete the form used to claim the credit.     If you see form 8880, delete it. Click here for instructions
Hey all .. I moved from NC to VA and we had an IRA distribution withdrawal once we got to VA.  It's my dad's retirement fund as he passed few years ago and we've been withdrawing various amounts of ... See more...
Hey all .. I moved from NC to VA and we had an IRA distribution withdrawal once we got to VA.  It's my dad's retirement fund as he passed few years ago and we've been withdrawing various amounts of the past few years.  We always ask for more to be withdrawn to cover taxes and this was done for both fed and state.  On the 1099-R statement it says there was state tax withheld for the state of VA.  In TT it is asking me what my portion of that taxable IRA distribution is earned/received while a resident of VA.  I'm not sure if it should be the full amount of the distribution, the amount of the distribution minus the state tax withheld or 0.  I doubt it was be 0 but I'm still a bit confused since the state received taxes on the distribution.   Anyhow, thanks in advance.
If everything looks correct, will it let you move past the review by selecting file or does it keep returning back to the review section?
Yes, you should use the full time it was a rental property (2014-2024) to accurately capture the correct depreciation and change in accounting.   @By55 
Hi there, I am trying to properly deduct mortgage interest paid on multiple loans, one of which was transferred between lenders in 2024. Because both 1098s say that "outstanding mortgage principal" ... See more...
Hi there, I am trying to properly deduct mortgage interest paid on multiple loans, one of which was transferred between lenders in 2024. Because both 1098s say that "outstanding mortgage principal" in Box 2, it looks like I have way more debt than I actually  have (almost double), because Turbotax is treating these like multiple loans on a single property, rather than a transferred loan. Is there a way for me to get into the form and amend this manually since the question prompts do not allow me to report the debt total accurately (and there is a cap on the amount of interest that you can claim that I have not reached, but it LOOKS like I have reached it because of this glitch in the software). Thank you!
If you made a permanent change of residency to another state in July 2024, then you would file a Resident return for your new state and a Part-Year resident return for California. You would normally ... See more...
If you made a permanent change of residency to another state in July 2024, then you would file a Resident return for your new state and a Part-Year resident return for California. You would normally file the current resident state (if it has an income tax) last. You may be able to get a credit for your new state for tax paid to California if duplicated.   Residents of California are taxed on ALL income, including income from sources outside California. Nonresidents of California are taxed only on income from California sources. Nonresidents of California are not taxed on pensions received after December 31, 1995. For more information, get FTB Pub. 1005, Pension and Annuity Guidelines. Part-year residents of California are taxed on all income received while a resident and only on income from California sources while a nonresident.   See this California FTB publication for more information about determining resident status in California.    
Please see this link to confirm your purchase was from an authorized retailer.   There is limit of 5 installations as part of the license agreement.  If you have not exceeded that amount, you sho... See more...
Please see this link to confirm your purchase was from an authorized retailer.   There is limit of 5 installations as part of the license agreement.  If you have not exceeded that amount, you should be able to install the program with the same license code you used when you loaded the program on your first computer.  Please see how do I find my license code for TurboTax Desktop for more guidance.  There is also a link you can use to contact us (located at the bottom of that link) for further assistance if you are still having issues installing on your second computer.
Same thing is happening to me. Its pushing my MAGI to the point where I don't get to claim full dependent credits. This is ridiculous. Its clearly a direct rollover, not taxable, and fully into a new... See more...
Same thing is happening to me. Its pushing my MAGI to the point where I don't get to claim full dependent credits. This is ridiculous. Its clearly a direct rollover, not taxable, and fully into a new qualified account. What should I do?
Yes, it will however I would recommend indicating it was rented all year and fair rental value (FRV) assuming your rent is close to the rent in your area for the same type of property. As indicated b... See more...
Yes, it will however I would recommend indicating it was rented all year and fair rental value (FRV) assuming your rent is close to the rent in your area for the same type of property. As indicated by our tax expert @AmyC, and I concur, you should do the math.   You will prorate the mortgage interest and real estate taxes, insurance based on personal use days and rental days in 2024. Any expenses after the rental activity began (placed in service date) would be rental expense.    When you enter the asset for your rental property you will be asked the date placed in service. TurboTax will calculate the depreciation accurately for the time in service during 2024. In the screen image select converted from personal to rental, however as indicated you should respond to the questions above as instructed.  If you have land be sure to enter the full cost and then land in the space provided. Again, TurboTax will reduce the cost by the land before calculating the correct depreciation.   @GSP2025 
Here are the requirements for the credit:   "To qualify for the credit, the property must be used to store or dispense clean-burning fuel or to recharge electric motor vehicles. In addition, th... See more...
Here are the requirements for the credit:   "To qualify for the credit, the property must be used to store or dispense clean-burning fuel or to recharge electric motor vehicles. In addition, the property must: Be placed in service during the tax year Have original use that began with the taxpayer Be used primarily in the U.S. and U.S. territories Be in an eligible census tract (as of January 1, 2023) If for business or investment use, be depreciable property If for personal use, be installed on property used as a main home As of January 1, 2023, the definition of qualified property includes charging stations for 2- and 3-wheeled electric vehicles (for use on public roads) and includes bidirectional charging equipment."   For more information, see the link below: Alternative Fuel Vehicle Refueling Property Credit