All Posts
April 14, 2025
8:28 AM
I'm trying to subscribe to a yearly . When I try to enter the expiration date of my credit card from the pulldown, it will not accept it. Please text when the issue is resolved
Topics:
April 14, 2025
8:28 AM
You would need to change the acquisition or date of sale for the security in TurboTax to reflect holding the investment for one year or less.
April 14, 2025
8:27 AM
If column A and B are 0, then you had not premium to cover for that month. Leave column C blank.
April 14, 2025
8:27 AM
The boxes you chose for forms 1116 are automatically propagated to 1116 AMT forms.
April 14, 2025
8:27 AM
I just completed my 2024 return on turbo tax. I noticed I left out expenses and needed to amend. I submitted the amended return and my federal amended return has already been accepted. I'm assuming t...
See more...
I just completed my 2024 return on turbo tax. I noticed I left out expenses and needed to amend. I submitted the amended return and my federal amended return has already been accepted. I'm assuming this amended return has been submitted by e-file the 1040-x form in turbo tax? If the amended returns have been accepted by the IRS. Do I need to mail 1040-x.
April 14, 2025
8:27 AM
I'm leaving for another app. This has become too commercialized!
Topics:
April 14, 2025
8:27 AM
No one in the user forum can resolve a billing issue. If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help. Do not use the word ...
See more...
No one in the user forum can resolve a billing issue. If you have a question about your TurboTax fees or billing, make sure you use the word “billing” in your request for help. Do not use the word “refund.”
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
April 14, 2025
8:26 AM
It is entered under business expenses. First, when entering in your general business information check the box for "subject to the Department of Transportation (DOT) hours of service limits." Then, g...
See more...
It is entered under business expenses. First, when entering in your general business information check the box for "subject to the Department of Transportation (DOT) hours of service limits." Then, go to:
Business Expenses
Other Common Business Expenses
Meals and Entertainment
Then select 80% Limit to enter your meal expenses.
If you have lodging expenses, those go under Business Travel
April 14, 2025
8:26 AM
You will selectyou earned exempt-interest dividends in the dividend input screen. See the screenshot below:
April 14, 2025
8:26 AM
April 14, 2025
8:25 AM
You enter your casualty loss for actual damages in the Deductions and Credits section of TurboTax using the instructions provided below. If you are using TurboTax Desktop, you will: Click on th...
See more...
You enter your casualty loss for actual damages in the Deductions and Credits section of TurboTax using the instructions provided below. If you are using TurboTax Desktop, you will: Click on the "Deductions & Credits" tab on the gray bar across the top of your TurboTax screen Click on "I'll choose what I work on" Scroll down to "Casualties and Thefts" Click on "Start" Click on "Add a Casualty or Theft" Enter your information on the follow-up screens If you are using TurboTax Online you will: Continue your tax return Click on "Deductions & Credits" in your left panel Scroll down to "Other Deductions and Credits" Click on the (down-facing) caret to the right of "Other Deductions and Credits" Scroll down to "Disasters, Theft, and other property loss or damage" Click on "Start" Enter your information on the follow-up screens Note: Your actual property loss: The IRS requires you to use the lesser of your property’s tax basis or the decrease in fair market value to determine the deductible amount of your casualty loss. In most cases, your tax basis is equal to the amount that you originally paid for your property. Deductible property loss: Once you have determined your actual loss, you must then reduce it by $100. This $100 reduction is applied to each separate casualty event. if the casualty loss is not the result of a federally declared disaster, you must itemize your deductions to claim the loss. Click here for "About Casualty Deduction for Federal Income Tax" Click here for "Uncle Sam to the Rescue" Click here for "Tax Benefits Available for Victims of Natural Disaster
April 14, 2025
8:25 AM
A related question... he wants to file taxes this year even though there was no income in 2024. He says the reason is that he will apply for FAFSA at the end of the year and if IRS has no data about ...
See more...
A related question... he wants to file taxes this year even though there was no income in 2024. He says the reason is that he will apply for FAFSA at the end of the year and if IRS has no data about him, he won't be able to complete his FAFSA and it may impact his loans. Not sure if any of that is true, but if he does file, should he select YES to the question when TT asks if he can be claimed as a dependent?
April 14, 2025
8:25 AM
Yes once again this nothing to do with my irs refund please advise as i was over charged
Topics:
April 14, 2025
8:25 AM
1 Cheer
Interest on a Home Equity Line of Credit (HELOC) is only tax-deductible if the funds are used to buy, build, or substantially improve the home that secures the loan. This means that if you use HELOC ...
See more...
Interest on a Home Equity Line of Credit (HELOC) is only tax-deductible if the funds are used to buy, build, or substantially improve the home that secures the loan. This means that if you use HELOC funds for home repairs or renovations, the interest may be deductible.
However, if the funds are used for purchasing a vehicle, groceries, paying off other debt, or any personal expenses, the interest is not deductible
April 14, 2025
8:25 AM
Topics:
April 14, 2025
8:24 AM
My son is at an out of state college and we send money to support him. Until recently, his only source of income was from gigs and he hasn't made enough to file taxes. Can I claim him as a dependent...
See more...
My son is at an out of state college and we send money to support him. Until recently, his only source of income was from gigs and he hasn't made enough to file taxes. Can I claim him as a dependent? He is only 20 years old.
Topics:
April 14, 2025
8:24 AM
From my turbo tax account I mean.
Topics:
April 14, 2025
8:24 AM
You could try logging out of the program, and clearing your cache and cookies. Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cook...
See more...
You could try logging out of the program, and clearing your cache and cookies. Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cookies.
You may also try using another browser. Also, make sure that all updates have been run for your TurboTax program.
You could also try deleting your Form 1098 and re-enter it.
To delete a Form 1098, you can do the following if you are using TurboTax Desktop:
Click on "Forms" at the top right of your TurboTax screen to switch to "Forms Mode"
In your left panel search for "Form 1098"
Click on "Form 1098" and it will appear in your right panel
At the bottom left of your "Form 1098" click on Delete Form
A box will appear to confirm the deletion, Select "Yes"
If you are using TurboTax Online you can delete a Form 1098 as follows:
Continue your return
Choose "Tax Tools" option on the left menu bar in the federal section of TurboTax
Choose "Tools"
Under "Other Helpful Links" choose "Delete a form"
Find the Form 1098 and click on the option to delete it
To manually enter a Form 1098 in TurboTax you can do the following:
Click on the search icon at the top right of your TurboTax screen
Type "1098" in the search bar
Click on the link "Jump to 1098"
Enter your Form 1098 and answer all of the follow-up questions accurately
Click here for information on manually updating TurboTax.
April 14, 2025
8:24 AM
You need to enter proceeds and cost basis for investment sales. I'm not sure how that is listed on your Form 1099-B, but the sales proceeds less the cost basis would give you the net gain on sale. Th...
See more...
You need to enter proceeds and cost basis for investment sales. I'm not sure how that is listed on your Form 1099-B, but the sales proceeds less the cost basis would give you the net gain on sale. Those are the amounts you need to enter in TurboTax.
April 14, 2025
8:24 AM
Under Tax Tools, nothing is under pull down, need to get to tools.