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That is what we pay turbo tax to do.  Do you see that many other people had the same issue.  Turbo Tax should at least acknowledge their mistake, maybe even compensate users who had this problem.  I ... See more...
That is what we pay turbo tax to do.  Do you see that many other people had the same issue.  Turbo Tax should at least acknowledge their mistake, maybe even compensate users who had this problem.  I still have a bad taste in my mouth about this tax service and would not recommend them and I have been using turbo tax for a long time.  
I have a filing fee with turbo tax.How do I pay for this ?
does the letter from IRS not tell you exactly what to do ?   @allenr74 
The Pennsylvania Form REV-1882, Health Insurance Coverage Information Request, is included in the TurboTax Pennsylvania state program for tax year 2024.
We lived in PA until August and then moved to VA. We paid tax in both states but VA wants additional proof of tax paid to PA.
No.   The instructions for form 5695 specify which types of equipment are eligible,  https://www.irs.gov/instructions/i5695   A crawlspace dehumidifier actually increases energy usage, but im... See more...
No.   The instructions for form 5695 specify which types of equipment are eligible,  https://www.irs.gov/instructions/i5695   A crawlspace dehumidifier actually increases energy usage, but improves comfort, and prevents structural damage due to moisture issues.  You may be told by the contractor that you will save energy because your AC has to run less to make the house comfortable -- I'm not convinced this is true, but even if it is, the relationship is too indirect to qualify.   If the dehumidifier is energy star rated, some states may have rebates or other programs, but the federal government does not.  
Give the IRS a change of address form for your children. Their current address is where the IP PINs will be sent by US Mail.   @Heavenlyz 
I didn't make any updates my taxes was filled and I already got my money back in March there is no reason for me to make any updates
There is no fee to amend your tax return unless the change you are making requires an upgrade to a higher version of the software.
Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax giv... See more...
Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2024 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
Q. TurboTax requested I file a SS-8 with IRS. Is that necessary? A. No. That is just one way of doing it.    Since the income was reported on a 1099-NEC, the usual way  to report a 1099-NEC is ... See more...
Q. TurboTax requested I file a SS-8 with IRS. Is that necessary? A. No. That is just one way of doing it.    Since the income was reported on a 1099-NEC, the usual way  to report a 1099-NEC is as self employment income on Schedule C.    However, what you describe is a stipend.  Stipends are usually reported as scholarship income.   If you  have a 1098-T, one of the follow-up questions will be do you have any scholarships not shown on the 1098-T. Enter the additional scholarship/stipend there.  When asked if any was used for room and board (R&B), answer yes. Then enter the amount you want to be taxable (usually all of the 1099 amount), in the pop up box. R&B are not "qualified educational  expenses".  So, this is how you tell TT that it is taxable. Note the wording at that screen “or other expenses”. You didn’t have to literally use the scholarship for R&B.  This will put the income on line 8r of Schedule 1* (this line was added in 2022).   Q. Will the IRS question that the 1099-NEC is not reported? A. Possibly. But you should be able to explain it away.     There is a way to possibly head off an IRS inquiry and is sometimes  recommended, in this forum. After reporting the income as stipend (line 8r, Sch 1), also report the 1099-NEC as misc line 8z, Schedule 1 income  (enter in TurboTax at the 1099-NEC screen and identify it as sporadic income ["did not involve intent to earn money"]). Then enter a line 8z deduction, for the same amount.  In TurboTax (TT), enter the deduction at: - Federal Taxes tab  - Wages & Income Scroll down to: -Less Common Income       -Misc Income, 1099-A, 1099-C        - On the next screen, choose – Other reportable income -  Answer yes to Any other Taxable Income -On the next screen, Enter the number with a minus sign (-) in front.  Briefly explain at description. Call it something like "stipend erroneous reported on1099-NEC". $0 will go on line 8z, but the explanation will appear. 
Meant to say "tax credit" not deduction.  
I am a usa citizen. New york city resident. Will be permanently moving to a foreign country. I am going to open a savings or a cd account which will be my only source of income. No work. Just bank in... See more...
I am a usa citizen. New york city resident. Will be permanently moving to a foreign country. I am going to open a savings or a cd account which will be my only source of income. No work. Just bank interest income.    Do I need to file taxes on that interest income which will be around $12,000 a year. That's my only source of income.    How much tax can I be charged? Federal and nys tax. 
It sounds like you need to override values and you may need to purchase the desktop version and use direct input. https://ttlc.intuit.com/community/taxes/discussion/can-i-efile-with-an-overridden-fie... See more...
It sounds like you need to override values and you may need to purchase the desktop version and use direct input. https://ttlc.intuit.com/community/taxes/discussion/can-i-efile-with-an-overridden-field/00/479332#:~:text=The%20TurboTax%20CD%2FDownload%20software,overridden%20values%20in%20your%20return. Any professional tax software (not consumer software) can also override.   I would report all of the Sch-C's that you have on your return as normal (100% ownership), then override the community property allocation, override the total income, then review the results and search for more possible overrides. Include a disclosure statement form for your explanation.   For your wife, I would enter community property allocation amounts and that should be it. Since there are no overrides, don't worry about disclosure statements but include one anyways just for kicks.   The goal is just to report everything and pay all of the required SE tax and income tax. I normally recommend filing jointly to save on taxes and keep a community property return simple. I also recommend it for pending divorce cases as long as there is an agreement on how the refund or amount due will be split.
Hello, I sold some stocks this month and will owe capital gains taxes from the sale (taxes were not withheld by brokerage). Can I send one time estimated taxes to IRS or does this need to be quarterl... See more...
Hello, I sold some stocks this month and will owe capital gains taxes from the sale (taxes were not withheld by brokerage). Can I send one time estimated taxes to IRS or does this need to be quarterly payments? Thanks 
I presume you mean a Federal tax refund.   An efiled return normally takes up to 21 days for the IRS to process, but it's not uncommon for it to be further delayed (even up to several weeks) if the... See more...
I presume you mean a Federal tax refund.   An efiled return normally takes up to 21 days for the IRS to process, but it's not uncommon for it to be further delayed (even up to several weeks) if the IRS has to review anything. A mailed paper return can take 6 weeks or longer to process.   First, you need to be sure the return was successfully filed. It depends on how you chose to file the return.  If you filed a paper return by mail, TurboTax does not mail it for you.  If you chose that method, you would have had to print it, sign it, date it, and mail it yourself.  It takes at least 4 weeks for a mailed return to show up in the IRS WMR tool.     If you efiled, double-check to be sure the return was efiled successfully and accepted.  If you used Online TurboTax, you can sign into your Online Account and check the efile status at the Tax Home.   What word is used there for the status:  accepted, rejected, printed, started, ready to mail, or something else? If that showed it was accepted, (or if you mailed a paper return), you can use the "Where's My Refund" tool at the IRS website below to monitor the status of your Federal refund.   Is there any message there? https://www.irs.gov/wheres-my-refund   Here are some tips when using that IRS tool:   Be sure you enter the correct tax year, SSN, and filing status. Be sure you are using only the Federal refund amount.   Do not include any state refund or any total refund or net refund (Fed and State) that TurboTax may have provided on a summary screen.   Look at your actual Federal return to get the Federal refund amount to use in the tool, i.e., your Form 1040, Line 35a.
Why are you doing a return with no income?
It would only be necessary if you believe that you were an employee rather than being treated  as an independent contractor which the school is doing. If you report the income on Sch C and pay the in... See more...
It would only be necessary if you believe that you were an employee rather than being treated  as an independent contractor which the school is doing. If you report the income on Sch C and pay the income and self employment tax nothing further needs to be done.