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March 18, 2026
2:05 PM
I am a renter. I filled in the portion on the Property Tax Information form for my landlord and monthly rent. It's still insisting that I fill in a number for 2f, Taxable value of homestead. How am I...
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I am a renter. I filled in the portion on the Property Tax Information form for my landlord and monthly rent. It's still insisting that I fill in a number for 2f, Taxable value of homestead. How am I supposed to know this as a renter?
March 18, 2026
2:04 PM
Topics:
March 18, 2026
2:04 PM
Can you clarify what you are trying to change? Where are you at in the program and are you using TurboTax Desktop or TurboTax Online?
March 18, 2026
2:04 PM
To fix your return:
Sign in to your account
Select the Fix my return button
Follow any “fix it” instructions to update the information causing the rejection.
What does ...
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To fix your return:
Sign in to your account
Select the Fix my return button
Follow any “fix it” instructions to update the information causing the rejection.
What does my rejected return code mean and how do I fix it?
@user17737820630
March 18, 2026
2:04 PM
I understand - you may have to try various sites to find the FMV of your car when placed in service. You could use an educated guess or the number you should see in your tax return assuming the car i...
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I understand - you may have to try various sites to find the FMV of your car when placed in service. You could use an educated guess or the number you should see in your tax return assuming the car is still listed in your return.
You show that and it's correct - 231,954 miles.
No, it must be total business miles for all years the car was used including the 10 miles for 2025. Then divide by your total miles (odometer when traded in 1 above).
No, the business cost is the total original cost or FMV x the percentage arrived at in 2 above. It should be the same as the cost of the property showing in your tax return, assuming that's the car in the tax return.
You must have an idea of the FMV when the car was placed in service, or use the advice in the first paragraph (it would seem it should still be in the tax return for your vehicle).
No. Each year you must use the rate x the business miles for that specific year. This will give you the total depreciation assuming you always used the standard mileage rate (SMR) for your vehicle deductions each year. Due to the age of the vehicle and the sale price, this will be a reasonable amount for prior depreciation.
2025: $.33
2024: $.30
2023: $.28
2022: $.26
2021: $.26
2020: 0.27
2019: 0.26
2017–2018: 0.25
2015–2016: 0.24
2014: 0.22
2012–2013: 0.23
2011: 0.22
2010: 0.23
2008–2009: 0.21
2007: 0.19
2005–2006: 0.17
2003–2004: 0.16
2001–2002: 0.15
2000: 0.14
Go ahead and use $.14 for each earlier year, it won't be off that much.
Select 'I stopped using this vehicle in 2025', enter the date you stopped using it, do not say it was part of a trade-in.
Yes, you have all the numbers except step 5 and original FMV. No other fields required.
This is what AI produced when asked what your car would have sold for: In 1993, a new Honda Civic typically cost between $8,830 and $12,980, depending on the trim level. Base models like the CX Hatchback started around $8,830, while the top-tier EX Coupe with more power and features listed closer to $12,980. The average new car price that year was roughly $16,000, making the Civic an affordable choice. The FMV would have been approximately the same if it was placed in service for business the same year. If not, then the FMV would be less since vehicles lose value quickly.
@SyberKnight
March 18, 2026
2:03 PM
yes I received an answer - thank you
March 18, 2026
2:02 PM
Thank you @dmertz ! So I will file my 2025 tax first then file the 2021 Form 8606 (where I will report the 2021 non-deductible contribution of $7000). Sorry - I have one more questio...
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Thank you @dmertz ! So I will file my 2025 tax first then file the 2021 Form 8606 (where I will report the 2021 non-deductible contribution of $7000). Sorry - I have one more question for this post - this is for my extra TO-DO item for Tax Year 2026: I believe I will need to make just one manual adjustment in Turbo Tax 2026 as follows - am I correct? IRA Information Worksheet: add $7000 ( to be reported in the 2021 8606 form that I will send to IRS) to the amount shown in "Part III Traditional IRA Bais Detail, Line 12 Basis for 2024 and earlier years" as this worksheet does not currently include the $ 7000 amount in Line 12 for the 2025 tax year (please see screenshot below). Note to self: I will store a copy of the 2021 Form 8606 (to be submitted to the IRS) - and store copies of Forms 1040 / 5498 / 8606 for every tax year going forward to correctly track the IRA and Roth Conversion basis.
March 18, 2026
2:01 PM
To split your return:
Go back to How would you like to receive your federal refund?
Select See other options then the last option: Split my refund between multiple bank accounts or U.S. ...
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To split your return:
Go back to How would you like to receive your federal refund?
Select See other options then the last option: Split my refund between multiple bank accounts or U.S. savings bonds
Then select Continue
On the next screen, select I want to deposit my federal refund into multiple bank accounts
Select Continue
Enter the amount you want to go to the first account and then enter the account information
When finished, select Add another bank account
You can split your refund among as many as three accounts. When you're finished entering your account information, select Continue.
Review your bank information and deposit amounts, and select Continue if all looks well. If you need to make changes, select Edit next to the entry you need to modify.
How do I split my refund into 2 different accounts?
March 18, 2026
2:00 PM
Wow. What a way to discourage non-cash donations, if at least some of the point is to get a tax deduction. Since the IRS seems to consider "Clothing and household items" as a single type of property,...
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Wow. What a way to discourage non-cash donations, if at least some of the point is to get a tax deduction. Since the IRS seems to consider "Clothing and household items" as a single type of property, I don't think I can take a deduction for the full value of what I donated. Getting these items appraised in the future probably won't be worth the cost and the hassle. Thanks for the info, though; better than having to deal with an audit.
March 18, 2026
1:59 PM
Purchased stock in 2013 sold in 2025. Can't find original cost.
Topics:
March 18, 2026
1:59 PM
If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are...
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If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
March 18, 2026
1:59 PM
First, at the top, check the box to copy column 1 to column 2 to activate the formulas. You will enter the amounts you know, best guess is really all you can do at this point in the year. You can com...
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First, at the top, check the box to copy column 1 to column 2 to activate the formulas. You will enter the amounts you know, best guess is really all you can do at this point in the year. You can come back throughout the year and make changes to better match your situation. Social Security maxes out at 85% taxable. The program will calculate the taxable amount for you.
Reference:
Calculating taxable Social Security
March 18, 2026
1:59 PM
There is not a special section or box to check. Just enter your correct information and TurboTax will take it from there. If eligible you will find this on Schedule 1-A Part V and line 13b of your ...
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There is not a special section or box to check. Just enter your correct information and TurboTax will take it from there. If eligible you will find this on Schedule 1-A Part V and line 13b of your form 1040. TurboTax will automatically calculate it based on your date of birth and your income.
For Tax Year 2025 through 2028, seniors may claim an additional deduction of $6,000 per taxpayer over 65. This is NOT a refundable credit. This is a deduction of your income.
If your income is above $75,000 ($150,000 if Married filing jointly) the bonus deduction decreases by $.06 for every dollar over the relevant amount.
This deduction is available whether you itemize or take the standard deduction.
If your filing status is married filing separately you are not eligible for this deduction.
This bonus deduction is ONLY for those who were 65 or older as of December 31, 2025, it does not apply to those who are blind and under 65
Yes, you can take the senior bonus deduction using the Free TurboTax program
March 18, 2026
1:58 PM
Resolved that one. Thank you.
March 18, 2026
1:58 PM
Topics:
March 18, 2026
1:58 PM
To enter an investment sale -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if...
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To enter an investment sale -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA), click the start or update button
Using the online editions -
On the screen Did you have investment income in 2025? click on Yes
On the screen Save time and connect your financial accounts click on Enter a different way
On the screen How do you want to add your docs?, select Type it in myself
On the screen OK, let's start with one investment type, select Stocks, Bonds, Mutual Funds and continue
March 18, 2026
1:57 PM
When you work through the sales tax section, you will see a screen that says Places you Lived. On that screen, you need to enter the state you lived in and the dates lived there and the sales tax rat...
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When you work through the sales tax section, you will see a screen that says Places you Lived. On that screen, you need to enter the state you lived in and the dates lived there and the sales tax rate for that state in order to enable you to assign your purchase to that state. That information is used to calculate the sales tax on your major purchase, but it won't appear on your tax return.
March 18, 2026
1:57 PM
In turboTax, where does one enter Indiana's School Scholarship Credit (SGO) #849 contributions for a tax credit?
Topics:
March 18, 2026
1:56 PM
It depends on your filing status. Are you a US Citizen, Resident Alien or Non-Resident Alien?
If you are a US Citizen or Resident Alien, if they do not have an SSN or ITIN and you choose to fil...
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It depends on your filing status. Are you a US Citizen, Resident Alien or Non-Resident Alien?
If you are a US Citizen or Resident Alien, if they do not have an SSN or ITIN and you choose to file Married Filing Separate, you can try typing NRA in as your spouses last name. Make sure you put a check mark in the box that says My spouse is a Non-Resident alien in the My info section. When you get to the end and try to transmit the return, ignore the e-file errors regarding your NRA spouse and select transmit your return. If that does not work you will need to print and mail your return and write NRA (Non Resident Alien) in the space for her SSN. When you print your return, the instructions for mailing your return will be printed on the cover sheet of your return.
If you file as Married Filing Separate, then you would only include your income.
If your spouse chooses to be treated as an US Citizen for tax purposes, and you want to file as Married Filing Joint, you would need to include their income on your return. If you choose filing jointly, you will need to print and mail your return along with the W-7 and any other required documents to
IRS
ITIN Operation
P.O. Box 149342
Austin, TX 78714-9342
The benefit to filing as Married Filing Jointly with a spouse that has no income is that your standard deduction is increased to $31,500 instead of $15,750 and you are not excluded from several of the credits. So depending on your current tax situation and their worldwide income, it may benefit you to include him on your return.
Married Filing Joint versus Separate
If you are maintaining a household for a qualified dependent, and are treating your spouse as a non-resident alien, you may be able to file as head of household and then you would not need to include them on your return. To qualify, you have to meet certain criteria. To file as Head of Household, you have to:
Pay for more than half of the expenses for a qualifying household
Be considered unmarried on the last day of the tax year or if married not have lived with your spouse at all for the last 6 months of the year
Have a qualifying child or dependent
If you are a non-resident alien, then you would need to file a form 1040 NR which TurboTax does not support. You can file the 1040NR using our partner Sprintax.com
(Edited 3/18/2026 @ 2:55PM PST) @clicknirmal
March 18, 2026
1:56 PM
Can I take the $6.000. Senior Deduction using Free Turbo Tax?
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