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April 13, 2025
10:42 AM
Can you provide additional information to better answer your question. What delivery date are you referring to?
April 13, 2025
10:42 AM
Original question; 'How do I add form 1065 to my home and business download?'. JohnB5677 responded correctly with TurboTax Business software for Form 1065, Partnerships. Subsequent response indic...
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Original question; 'How do I add form 1065 to my home and business download?'. JohnB5677 responded correctly with TurboTax Business software for Form 1065, Partnerships. Subsequent response indicated , 'how do I add a K-1 received from a 1065 partnership?'. Those are two different concepts.
April 13, 2025
10:42 AM
Box 2a is marked as UNKNOWN, Box 5 says None, and Box 9b is blank. (There is no 9a on my form.) Box 7 is "7". There has been federal income tax withheld (an amount listed in Box 4) and state tax ...
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Box 2a is marked as UNKNOWN, Box 5 says None, and Box 9b is blank. (There is no 9a on my form.) Box 7 is "7". There has been federal income tax withheld (an amount listed in Box 4) and state tax withheld (an amount listed in Box 14). Do I leave Box 2a blank on my taxes, put down the full amount listed in Box 1, or something else altogether? For additional context, this is a monthly payment received as part of my former spouse's retirement, per divorce decree.
April 13, 2025
10:41 AM
I am trying to file my taxes, but I keep getting an error saying that I must fill in 36i (Special Depreciation Allowance) and 36j (AMT Special Depreciation Allowance) on Schedule C: Car & Truck Expen...
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I am trying to file my taxes, but I keep getting an error saying that I must fill in 36i (Special Depreciation Allowance) and 36j (AMT Special Depreciation Allowance) on Schedule C: Car & Truck Expense Worksheet. The car was put into service in 2015 and is still in use today. I'm using the actual expenses method (which I have from the beginning) and on last year's taxes (through Turbo Tax) the boxes for these 2 items were left blank. BTW, I'm in Texas. Please, please let me know what to do to find out what should be entered there and if it is indeed supposed to be blank--how do I correct the error I'm getting from TurboTax? Help is GREATLY appreciated
April 13, 2025
10:41 AM
The US Averages page only shows the average tax return data for taxpayers within the same income range you're in.
April 13, 2025
10:41 AM
Having stocks that are flagged and need review it's because they might have missing information that either wasn't imported properly or aren't easily located within your documents. Some of these miss...
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Having stocks that are flagged and need review it's because they might have missing information that either wasn't imported properly or aren't easily located within your documents. Some of these missing information could be: Cost basis, proceeds, date acquired, date sold or, description. With a copy of your Form 1099-B you can check one by one to make sure the information that was imported is correct.
If you have more than 25 transactions that need to be reviewed or corrected, you might want to enter them as a sales summary instead of fixing them one by one. Below is a link on how to remove those transactions and instead input them as a whole summary How do I fix multiple “Needs Review” transactions?
April 13, 2025
10:40 AM
April 13, 2025
10:40 AM
Please clarify your question.
What form # is the 11B on?
Do you have a type of 1099-XXX?
Is it a K-1?
Is it some other document?
Please contact us again to provide some addition...
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Please clarify your question.
What form # is the 11B on?
Do you have a type of 1099-XXX?
Is it a K-1?
Is it some other document?
Please contact us again to provide some additional details.
April 13, 2025
10:39 AM
adding the additional income may be affecting some other things on the return so you need to look at what is changing on the 1040 line by line to result in the higher amount due than expected; deduct...
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adding the additional income may be affecting some other things on the return so you need to look at what is changing on the 1040 line by line to result in the higher amount due than expected; deductions or credits may phase out giving the impression of higher tax on the income that was added, or triggering underpayment penalty (if you are on desktop looking at the Fed due ticker that includes any penalty). TT tax calcs are very solid so there will be some explanation for the effective 23%. It will be hard to solve here without more details but I would start with the 1040 and see the changes thru to taxable income on line 15 etc.
April 13, 2025
10:38 AM
Different people see different averages on that page because it is the average from only a range of tax payers. See the line right under your name to see the "National adjusted gross income range us...
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Different people see different averages on that page because it is the average from only a range of tax payers. See the line right under your name to see the "National adjusted gross income range used below" for your averages.
April 13, 2025
10:38 AM
Line 4 of the 1040 is for distributions (money taken out of your account), not contributions. Contributions would be listed on Schedule 1, if deductible, or Form 8606.
April 13, 2025
10:38 AM
If you're using TurboTax Online, clear your Cache and Cookies first.
Sometimes this error is related to a Foreign Address for a payer on another document entered, such as a 1099-R. Go back to ...
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If you're using TurboTax Online, clear your Cache and Cookies first.
Sometimes this error is related to a Foreign Address for a payer on another document entered, such as a 1099-R. Go back to the original entry and change the country.
If this is not your situation, please give more details and we'll try to help.
@Myturn
April 13, 2025
10:38 AM
I've seen a lot of posts where people have complained about Turbotax not reconciling the employer taxes the users have already paid for their nanny's wages with what is getting reported in schedule H...
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I've seen a lot of posts where people have complained about Turbotax not reconciling the employer taxes the users have already paid for their nanny's wages with what is getting reported in schedule H. I have followed the instructions to enter in the taxes already paid under "Estimated Taxes". Doing this seems to mostly negate out any taxes owed, however, Turbotax is still assessing that I have an underpayment penalty of $840... then increases it to $940 when I say I will pay by the filing deadline. It seems that that there is still a disconnect in Turbox between recognizing that the estimated payments made with what is being reported in the schedule H. One more note, mathematically, it seems that TurboTax is implying that I under paid taxes by $63 (after I enter in my state unemployment tax payments already made). Not sure how accurate that is, or if that actually warrants an underpayment fee 13-15X the amount that is due?
Topics:
April 13, 2025
10:37 AM
I sold all of stock in a private company (no employment) which had a negative basis (due to historic loss).. Turbo Tax does not allow begative basis. There is also a deferred payment. Can I use insta...
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I sold all of stock in a private company (no employment) which had a negative basis (due to historic loss).. Turbo Tax does not allow begative basis. There is also a deferred payment. Can I use installment sale method?
Topics:
April 13, 2025
10:37 AM
1 Cheer
It keeps them for years. I have them going back 10 years. You might have used a different user id. How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/acc...
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It keeps them for years. I have them going back 10 years. You might have used a different user id. How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/
April 13, 2025
10:37 AM
Yes, you can file the amendment and setup a payment plan.
You can do this in TurboTax, or in the IRS Website IRS Payment Options
April 13, 2025
10:37 AM
In general, your regular commute to work and back is not deductible on your federal tax return. Depending on your state, you may be able to claim certain types of mileage. California, Massachusetts a...
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In general, your regular commute to work and back is not deductible on your federal tax return. Depending on your state, you may be able to claim certain types of mileage. California, Massachusetts and Illinois have specific rules on reimbursing employees for certain types of travel.
If you are self-employed you can deduct business miles other than your regular commute.
The Tax Cuts and Jobs Act of 2017 eliminated itemized deductions for unreimbursed mileage
Driving from home to your principal place of business is considered a commute, even for those who are self-employed or small business owners. Only people who work from home and have a home office as their main place of business can deduct mileage when driving to and from home for work.
Click here for Driving Down Taxes for Persons With Auto-Related Tax Deductions. Click here for Topic no. 510, Business use of car.
April 13, 2025
10:37 AM
Thank you, Sharon! I already have my K-1 entered. The rentals are completely separate from my business, I included that info because they are the reason I do Home and Business. I was overthinking...
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Thank you, Sharon! I already have my K-1 entered. The rentals are completely separate from my business, I included that info because they are the reason I do Home and Business. I was overthinking things, worrying that my LLC W-2 income may be counted twice since it was already taken into consideration in my business taxes and reflected in my K-1.
April 13, 2025
10:37 AM
Please read this TurboTax Help topic for instructions on how to file a Federal extension and this one on how to file a state extension.
April 13, 2025
10:37 AM
How does this work in NJ State return form (NJ DOP), since unlike federal form/return, turbo tax doesn't automatically populate current year NJ form with prior year capital losses in NJ form? M...
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How does this work in NJ State return form (NJ DOP), since unlike federal form/return, turbo tax doesn't automatically populate current year NJ form with prior year capital losses in NJ form? My understanding is that NJ tax rules doesn't allow for capital loss carryover from prior years in Federal return into NJ returns, one must manually input carry over capital losses in NJ DOP manually each each year to be eligible for offsetting current year capital gains with prior year capital losses. Another thing i like to confirm is that unlike federal rules, NJ rules doesnt allow $3000 loss offset against ordinary income every year?