turbotax icon
Announcements
Attend our Ask the Experts event about One Big Beautiful Bill (OBBBA) on Jan 14! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

You need to file an amended return for the partnership (Form 1095) or S-Corp (Form 1065) that issued the K-1s.
The amended tax return was accepted by irs says an email. Turbo tax documents reflect this when downloaded but still erroneously show i owe in browser interface. Irs refund check says no info submitte... See more...
The amended tax return was accepted by irs says an email. Turbo tax documents reflect this when downloaded but still erroneously show i owe in browser interface. Irs refund check says no info submitted for amending....
I confirmed my EV is eligible for the tax credit, but the "make" of my vehicle isn't in the dropdown list. I'm not sure if a tax professional can help enter it in manually or if there's a way for me t... See more...
I confirmed my EV is eligible for the tax credit, but the "make" of my vehicle isn't in the dropdown list. I'm not sure if a tax professional can help enter it in manually or if there's a way for me to do it myself manually
Using 2024 TurboTax Premier Desktop, not online. I updated the software online just an hour ago. I am finished with taxes.  I have done the taxes offline except to get update on software and import ... See more...
Using 2024 TurboTax Premier Desktop, not online. I updated the software online just an hour ago. I am finished with taxes.  I have done the taxes offline except to get update on software and import state.   I want to edit my 5329 explanation. However, in FORMS mode, TurboTax is NOT allowing me to make changes.   ALSO: when I tried printing the entire tax return via Print to Mail... form 5329 was totally blank and Explanation was omitted.  So, I saved as PDF, and there it is.  BUT the explanation is not legible because letters are microscopic.  It needs fewer words per line.  But it will not allow me to edit the form.   At this point, taxes are finished.  I have run all the reviews and had almost no corrections.   Another problem is that all the TurboTax "typing" on my return is very light and hard to read, even though the FORM itself is dark and visible.  It is not like prior years with legible entries.  How can I get the lettering more legible?
We filed 2 separate returns ( married filing separately) in 2021 i want to amend our taxes to married filing jointly so we can claim Turin expenses for that year and receive the  American opportunit... See more...
We filed 2 separate returns ( married filing separately) in 2021 i want to amend our taxes to married filing jointly so we can claim Turin expenses for that year and receive the  American opportunity credit    What do I filled and what do I submit to show this ?
The deadline to pay is 4-15-2025.  There is no grace period.   Pay as much as you can by the deadline and pay the rest when you are able to ----there may be some interest owed if you are late.   ... See more...
The deadline to pay is 4-15-2025.  There is no grace period.   Pay as much as you can by the deadline and pay the rest when you are able to ----there may be some interest owed if you are late.     TO CANCEL A TAX PAYMENT YOU SCHEDULED   If your return was accepted, you cannot change your payment method  or payment date.  The only thing you can do is cancel the payment and then pay by a different method on your own.   Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to ask about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling. Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.      
Sure!  Here, you can file an extension for 2024: Free Federal Extension
If your LLC taxed as a partnership had losses in 2021 and 2022, then you should have received a Form K-1 for each year that showed the loss.  Unless it was a passive loss, each year that loss would h... See more...
If your LLC taxed as a partnership had losses in 2021 and 2022, then you should have received a Form K-1 for each year that showed the loss.  Unless it was a passive loss, each year that loss would have offset other income reported on your tax return or created a Net Operating Loss.  If it created an NOL you should have prepared an NOL Worksheet to show to include with your tax return to show the amount you were carrying forward.     If you are referring to an NOL for 2021 and 202, you will need to file amended returns for 2021, 2022, and 2023 to show your NOL Carry Forward each year and to deduct the usable NOL on the 2023 return.
Generally, if you don't have enough withheld in taxes as you earn income throughout the year, then you could still be subject to an underpayment penalty.  I recommend updating your W-4 withholding st... See more...
Generally, if you don't have enough withheld in taxes as you earn income throughout the year, then you could still be subject to an underpayment penalty.  I recommend updating your W-4 withholding statement with your employer to ensure you have enough withheld from your paychecks to avoid the penalty in the future.   Also see why am I getting an underpayment penalty for more details.
Its an upkeep expense and considered home improvement. Because it is dead and dying and a hazard.
I had a K1 last year but this year I don't.  How can I remove this K1 from this year? I don't see it anywhere.
TAX EXTENSION
I had this too, in TurboTax 2024 desktop on Mac. For me it was:   1. Asked for signature date, put it in 2. TurboTax says it's invalid, and I need to correct. I try just clicking continue, since i... See more...
I had this too, in TurboTax 2024 desktop on Mac. For me it was:   1. Asked for signature date, put it in 2. TurboTax says it's invalid, and I need to correct. I try just clicking continue, since it's already in the required range. 3. TurboTax still says it's invalid. I click continue a second time, and this time it's accepted.   I didn't change the date in the field at all, I just clicked continue twice and it worked the second time.
To start/use the TurboTax Online Free Edition, go HERE and click on the blue Start For Free box.   When using TurboTax Online, the version of the program you need is based on the forms required f... See more...
To start/use the TurboTax Online Free Edition, go HERE and click on the blue Start For Free box.   When using TurboTax Online, the version of the program you need is based on the forms required for your tax return.    Please go here for a comparison of the TurboTax Online Products and what forms are included with each: TurboTax Online Product Comparison   
Are you asking about a tax penalty on 1040 line 38? It is not about 2023 or not paying estimates. And the penalty is just an estimate so it is possible for the IRS to recalculate it and send you a re... See more...
Are you asking about a tax penalty on 1040 line 38? It is not about 2023 or not paying estimates. And the penalty is just an estimate so it is possible for the IRS to recalculate it and send you a refund or a bill for more. If you do not pay in enough tax from withholding and estimates, you may have to pay a penalty for underpayment of estimated tax. The penalty is an Estimated amount. Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. It is included in your tax due or reduces your refund. Have you filed yet?  If you get a penalty on 1040 line 38, you might be able to eliminate it or at least reduce it. You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you. It's form 2210. How to add form 2210 for Underpayment Penalty https://ttlc.intuit.com/community/tax-payments/help/how-do-i-add-form-2210/00/25703   It's under Federal or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button
1: When entering the cost of the water heater it says to include Labor. What can I put for Labor when I had to install the unit myself ? Do I just use the labor rates from the outrageous quotes I had... See more...
1: When entering the cost of the water heater it says to include Labor. What can I put for Labor when I had to install the unit myself ? Do I just use the labor rates from the outrageous quotes I had received? 2: The water heater is also for my house heating - is there any way I can get a  second credit for this unit?
Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D).   If you have a net capital loss, you can deduct up to $3,000 per year as a capital l... See more...
Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D).   If you have a net capital loss, you can deduct up to $3,000 per year as a capital loss.  Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is used up.   How is a capital gain or loss calculated? You can't choose which tax years to apply your carryover to. Carryovers from this year's return must be applied to next year's.