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I'm in CA and have Vanguard funds. I manually enter mine so I don't know if the import picks up all the right amounts for US Govt Obligations. Years ago I had to make a spreadsheet to calculate the amounts each year.   Vanguard used to include the extra sheets with the 1099 statement but now you have to get them online to see which funds you can exclude and how much. I go though and circle all my funds. Tax information for Vanguard Funds https://investor.vanguard.com/investor-resources-education/taxes/funds-tax-information   You probably need these 2 …. US government obligations income information https://investor.vanguard.com/content/dam/retail/publicsite/en/documents/taxes/USGO_012025.pdf Tax-exempt interest dividends by state https://investor.vanguard.com/content/dam/retail/publicsite/en/documents/taxes/INBST_022025.pdf  

I have the same scenario. I went into the transaction pulled from my broker, and adjusted the cost basis to equal proceeds (W2 income plus cost basis), which leaves a zero gain.  The total gain is already reported on my W2.  TT is now telling me this line needs review.  Not sure if this makes a difference, but on the broker 1099-B under the section labeled Short term transactions for covered tax lots, it says the basis is provided to the IRS on line 12.  

Yes, generally  you need to report your Robinhood investments even if you did not receive a consolidated 1099.    Robinhood typically provides a Form 1099-B as part of a consolidated 1099 document. This document includes information on gains and losses from selling securities, and it is usually available by mid-February - see instructions to access online here.

If you started renting in 2024, when you set up your Rental Property with a 'service date' TurboTax calculates the amount of Mortgage Insurance/Property Tax that applies to the rental from that date ONLY if you select to 'let TurboTax do the calculations' in the interview.    However, if you only rented part of the home for part of the year, you need to do the calculations.    You may want to delete Schedule E and worksheets and step through the Rental section again.     If you're using TurboTax Online, clear your Cache and Cookies after deleting, BEFORE stepping through the Rental section again.  Here's How to Delete Forms in TurboTax Online.   @frementnewark   

I am not sure where you are in TurboTax or what you are looking at, but there is a question when you enter your Form 1098 that asks if you have a seller-financed mortgage. You may have accidentally checked that box. You can review your Form 1098 information in TurboTax 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/enter your information about your mortgage interest  Your screen will say, "Did you pay any home loans in 2024?" Make sure that is answered "Yes" On the screen that says "Do any of these apply" make sure this box is not erroneously checked "This is a seller-financed loan and I did not receive a Form 1098" On the next screen enter your seller's information and "Continue" On the screen "Let's get the rest of your mortgage information" enter your interest and other details On the screen "Is this loan secured by a property of yours?", if the answer is not yes, the interest will not be applied   Your TurboTax screens will look something like this:             Click here for "Where do I enter my 1098 mortgage interest statement?"

You may be able to claim him as a dependent on your tax return using the Qualifying Relative rules if he meets all the requirements under the rules.   To be a Qualifying Relative - 1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld. 2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 3. The person's gross income for the year must be less than $5,050 (social security does not count) in 2024 4. You must provide more than half of the person's total support for the year. 5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year. 6. The person must not file a joint return with their spouse with the following exception - You can claim a person as a dependent who files a joint return if that person and that person’s spouse file the joint return only to claim a refund of income tax withheld or estimated tax paid.

You will need to file as a part-year resident for Illinois for the period of time you still lived there in 2024.  Even if you were working in Texas, you didn't become a Texas resident until your move date.  

Yes, the home was technically your home when the taxes were paid. It wasn't quite official until 2025, however the home was yours and you were required to pay the real estate taxes.  If the estate paid the taxes it would be a deduction on the estate tax return, if there was no estate tax return then they would be allowed on your tax return.

I found my error.  My property has a rental unit.  TurboTax had already added the deduction from the personal use part of my property, which looks to be correct.  A pop-up in TurboTax informed me about Mortgage Interest for Personal Use from Schedule E.  

What does it mean to “let it ride”? How do I/where do I make the selection? We’ve already filed our taxes claiming our 22 yo as a dependent. She’s still in school but got a full time job mid October 2024 and now has a HDHP with an HSA. We did not know that she could not have both and kept her on our insurance which is not an HDHP until the end of the year. Her employer apparently made a contribution to her HSA at the end if 2024 and that “excess” is now a problem on TT. She will be filing independently for tax year 2025, so rolling it over is fine. She won’t exceed the maximum contribution for 2025. But I don’t understand how to roll that excess over to 2025 on the forms. .