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If you are using the actual sales tax method where you add up your sales tax from your receipts, you can include all purchases on which you pay the standard sales tax charged in the location where th... See more...
If you are using the actual sales tax method where you add up your sales tax from your receipts, you can include all purchases on which you pay the standard sales tax charged in the location where the travel occurred.  You can't include special taxes, like a special hotel tax on out of town visitors, or all the special taxes on air fare.  Just the standard local sales tax rate, if you can prove it.   If you are using the standard method, where the IRS gives you a sales tax allowance based on your income and where you live, then no, you can't include a vacation.  There is no such thing as a "major purchase" addition to the standard method.  The law specifically states that the only thing you can add to the standard method is the purchase of a motor vehicle, airplane, a home, or substantial renovation to a home. 
The only thing that it changes is that the substitute 1099-R that you are going to enter for 2024 is going to be from Edward Jones so that it matches the one from 2025.   @danwhitmire1962 
Thanks Brittany. This helps! 
Ok, thanks, so if I have only one child, even with $25,000 additional expenses beyond the $5,000 of the FSA, I am just not eligible?
Yes, according to the IRS rules in Pub 555 Community Property, net profits from a sole proprietorship are community income and must be evenly split. Once the business activity is equally distributed ... See more...
Yes, according to the IRS rules in Pub 555 Community Property, net profits from a sole proprietorship are community income and must be evenly split. Once the business activity is equally distributed to each partner, the net gain or loss combines to be included in taxable income.   @nataliacanada 
Correct, you cannot enter a negative number as "other income not already reported on a Form W-2 or 1099", that section is for earned income, such as wages only.    a) Enter Form 1099-NEC so the I... See more...
Correct, you cannot enter a negative number as "other income not already reported on a Form W-2 or 1099", that section is for earned income, such as wages only.    a) Enter Form 1099-NEC so the IRS can match it b) Back out the income so you are not taxed on the rebate    To do that- Enter the 1099-NEC Under   Wages & Income Other Common Income Income from Form 1099-NEC   START Enter the 1099-NEC as it was reported, Type "Real Estate Rebate" in for the description,  Select "This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby" DONE   THIS GETS THE FORM ON YOUR RETURN, now back out the non-taxable income-   Wages & Income LESS COMMON INCOME Miscellaneous Income, 1099-A, 1099-C    START  Scroll all the way down to the LAST option- Other reportable income   START  Type "Real estate rebate on 1099-NEC" or some other description the IRS will understand and enter the amount AS A NEGATIVE AMOUNT (put a minus sign (-)  in front of the number Done   The 1099-NEC as well as the negating entry will both be on Schedule 1    @ghostrider25   [Edited 4/10/2025 I 9:28am PST]
Something else I noticed last night when trying to amend 2023 - TurboTax is asking for all this information under "Traditional & Roth IRA Contributions".  There is no 1099-R for this under "IRA, 401(... See more...
Something else I noticed last night when trying to amend 2023 - TurboTax is asking for all this information under "Traditional & Roth IRA Contributions".  There is no 1099-R for this under "IRA, 401(k), Pension Plan Withdrawals (1099-R)" - so when I originally did this return I didn't enter the IRA 1099-R under that section.     Do I need to add it there also?
One guess---we have seen some users who missed a screen after entering their SSA1099 information and they did not answer correctly on a screen that asked if you lived in certain foreign countries whi... See more...
One guess---we have seen some users who missed a screen after entering their SSA1099 information and they did not answer correctly on a screen that asked if you lived in certain foreign countries while receiving Social Security.  Missing that screen affects the taxability of your SS.
What usually happens is the IRS changed some other income on your return. Like the taxable amount of a 1099R you got or you missed entering some income. Like if a 1099R got entered on the wrong line ... See more...
What usually happens is the IRS changed some other income on your return. Like the taxable amount of a 1099R you got or you missed entering some income. Like if a 1099R got entered on the wrong line 1040 line 4 or 5, the IRS would miss it and think you didn’t report it. By increasing your other income it made more of your SS taxable.   Or There is a new question this year asking if you lived in a foreign place. People have been answering it wrong or skipping it. Go back through the Social Security entries.
What do I need to do to file a 1065 electronically?
Thanks for your response, now if I only knew what it meant :).  Proportional share of the basis? 
To enter the form manually In TurboTax Premium Online, follow these steps:   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Clic... See more...
To enter the form manually In TurboTax Premium Online, follow these steps:   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click the down arrow to the right of Investments and Savings. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B). Click Add investments. On the Let's import your tax info screen, select Enter a different way. On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue. At the screen Which bank or brokerage, enter the information.  Click Continue. Do these sales include any employee stock, enter No. Do you have more than three sales, enter No. Do these sales include any other types of investments, enter No. Did you buy every investment listed, enter Yes.  Continue. On the screen Now, choose how to enter your sales, select One by One.  Select Continue. At the screen Look for your sales on your 1099-B, select Continue. Enter the IRS form 1099-B information. Select Add another sale to add another transaction.
CA renter's credit is a nonrefundable credit. Nonrefundable tax credits can reduce the amount of tax you owe, but they do not increase your tax refund or create a tax refund when you wouldn’t have al... See more...
CA renter's credit is a nonrefundable credit. Nonrefundable tax credits can reduce the amount of tax you owe, but they do not increase your tax refund or create a tax refund when you wouldn’t have already had one.
@DaveF1006 that's not correct way to get the % and will significantly understate the state exemption in this case as it can be more than just T-Bills that qualify; prospectuses and other asset alloca... See more...
@DaveF1006 that's not correct way to get the % and will significantly understate the state exemption in this case as it can be more than just T-Bills that qualify; prospectuses and other asset allocation information provided on fund websites should not be used .  The correct source is the tax supplement provided by the fund.
IRS has adjusted my 1040 return saying taxable social security income for 2024 was understated.  As this number is calculated by TurboTax I am unable to determine why this adjustment was made.  Is th... See more...
IRS has adjusted my 1040 return saying taxable social security income for 2024 was understated.  As this number is calculated by TurboTax I am unable to determine why this adjustment was made.  Is there a glitch in the software that is causing widespread issues?  in 2024 my SS income went up slightly but the taxable amount went down by about 25%.  What is up with this?
Rejection code IL1040-10000-1 - From the state of Illinois: "The Secondary Taxpayer Prior Year Adjusted Gross Income (AGI) did not match the Prior Year AGI on the Illinois Department of Revenue (IDOR... See more...
Rejection code IL1040-10000-1 - From the state of Illinois: "The Secondary Taxpayer Prior Year Adjusted Gross Income (AGI) did not match the Prior Year AGI on the Illinois Department of Revenue (IDOR) production file.    When you get to the screen that asks you if you filed a tax return in 2023, click the box that says "I don't have my AGI from those tax years." It will take you to a screen that will ask for either your IL PIN or your driver's license. You can find your IL PIN by going to this website: https://mytax.illinois.gov/_/#1   One common cause of the IL1040-8100-1 reject code is inaccurate personal information, such as misspelled names or incorrect Social Security numbers.   Revisit your Personal Info (or My Info) page and recheck that your information is correct.    
Using TT Home and Bus. 2024. Entered all of business expenses in Schedule C.  Had a $14,000 business loss.  Did not check the box " funds at risk" as instructed by TT, but check box "yes, my funds ar... See more...
Using TT Home and Bus. 2024. Entered all of business expenses in Schedule C.  Had a $14,000 business loss.  Did not check the box " funds at risk" as instructed by TT, but check box "yes, my funds are at risk".  The more deductions I enter, NO change in the Due/refund.  If I remove the deduction, then TT says I owe.            
HELP....noone at turbo tax seems to know why??? 2024 tax return I have completed the federal deductions and on filing of the return the standard is better - however for NY I want to file itemized an... See more...
HELP....noone at turbo tax seems to know why??? 2024 tax return I have completed the federal deductions and on filing of the return the standard is better - however for NY I want to file itemized and turbo tax is giving me the standard deduction - Is there a glitch in the system. ?? I have state taxes for itemized deductions of 15,000 although I am allowed 10,000 but on NY return I am only getting the standard deduction of 8,000 - I should get the itemize deduction of 10,000 ( maximum allowed in state taxes to deduct? 
where do I access my saved tax return to now efile my state. I paid for both