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October 14, 2025
10:52 PM
Having a spreadsheet was good. Why couldn’t you manually enter the totals into Schedule C on Turbo Tax? Since you have the Home & Business Desktop program you could have entered the income and ex...
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Having a spreadsheet was good. Why couldn’t you manually enter the totals into Schedule C on Turbo Tax? Since you have the Home & Business Desktop program you could have entered the income and expenses directly on the Schedule C form or gone through the interview steps. To get a refund How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991 Or Turbo Tax Refund request form How do I request a refund for my TurboTax product?
October 14, 2025
10:39 PM
Yes you have to report all your sales. Doesn’t matter what you did with the proceeds. You can deduct a net loss on your tax return, up to 3,000. The rest you carry over to next year. You can ...
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Yes you have to report all your sales. Doesn’t matter what you did with the proceeds. You can deduct a net loss on your tax return, up to 3,000. The rest you carry over to next year. You can enter a 1099B manually or try to import it. If you import it be sure to check it over close and make sure the cost basis got imported and is right. How to import your 1099 https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-1099/00/26254 You need to use the Online Premium version to enter a 1099B for sales. Or any of the Desktop programs. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. Enter a 1099B under Federal Taxes Tab or Personal (Home & Business) Wages & Income Then scroll down to Investment Income, Then Stocks, Mutual Funds, Bonds, Other - click Start or Update If you have a sale for shares that you bought at different times you can put various for the date purchased. But you should split the sale into 2 sales for short term and long term lots. So if you bought any shares or reinvested dividends within a year of the sale they would be short term.
October 14, 2025
10:39 PM
I completed my forms in April. I need to pay you to get information. How do I do this
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October 14, 2025
10:37 PM
I hired a tax expert frim TurboTax and he told me to have my taxes done by a local tax preparer. I went to H&R Block and it cost me over $500. I would at least like the cost of my TurboTax product (...
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I hired a tax expert frim TurboTax and he told me to have my taxes done by a local tax preparer. I went to H&R Block and it cost me over $500. I would at least like the cost of my TurboTax product (home and business).
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October 14, 2025
10:36 PM
No its a system error Ive used the same account for 10 years i was able to go back into the main dashboard and see my 2023 taxes that were accepted and download them to get the adj gross income to su...
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No its a system error Ive used the same account for 10 years i was able to go back into the main dashboard and see my 2023 taxes that were accepted and download them to get the adj gross income to submit it. Unacceptable error here from turbotax
October 14, 2025
10:35 PM
Are you filing Schedule C for your business or a separate Business return? Do you need to prepare W2s for employees you paid or enter them into your tax return? Employee pay goes on 1040 Schedul...
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Are you filing Schedule C for your business or a separate Business return? Do you need to prepare W2s for employees you paid or enter them into your tax return? Employee pay goes on 1040 Schedule C line 26 Wages. If Employee Expenses doesn't show up in the list of expenses you need to go back to the Business Profile section and click Edit by Has Employees and change it to yes. These are instructions for the Desktop Home & Business version but might help you find it in other versions…. Go to Business tab- then Continue Business Income and Expenses - Click the Start or Update button You should see the Business Summary page that lists your businesses, (right below the list you can Add Another Business) Then click EDIT by the business name and the next screen should be a list of topics, Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last. Click Start or Update by Business Profile Then Click Edit by Has Employees and change it to yes.
October 14, 2025
10:32 PM
i lost money on my stock sales with schwab last year. do i have to record that loss on my taxes as i have the made the money back up with a new account at fidelity.
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October 14, 2025
10:25 PM
From your answer, I figure that I need to delete capital gains/losses that showed up in the taxable income for Wisconsin column on my 1NPR form. I am a nonresident and the capital gains are not fro...
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From your answer, I figure that I need to delete capital gains/losses that showed up in the taxable income for Wisconsin column on my 1NPR form. I am a nonresident and the capital gains are not from Wisconsin. How do I do this deletion within TurboTax please. What screens do I use? Thank you.
October 14, 2025
10:25 PM
You have to get another copy from your employer or from Social Security
How to get a W2 copy from SSA
https://www.ssa.gov/faqs/en/questions/KA-02501.html
October 14, 2025
10:20 PM
The Home & Business Desktop program does not have a Federal tab. It splits out Federal into 2 tabs Business and Personal. So whenever you see to go to Federal you go to Personal. The 6-digit ...
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The Home & Business Desktop program does not have a Federal tab. It splits out Federal into 2 tabs Business and Personal. So whenever you see to go to Federal you go to Personal. The 6-digit Identity Protection PIN (IP PIN) is different from the 5-digit e-filing PIN, and is entered in a different place. Here's how to enter your IP PIN in TurboTax if you are e-filing. Click the Federal Taxes tab or Personal (Home & Business) Click "Other Tax Situations." Scroll down to the section "Other Return Info." Click the Start, Update, or Revisit button for "Identity protection PIN."
October 14, 2025
10:19 PM
I lost w2 in moving and business closed
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October 14, 2025
10:15 PM
For deletion
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October 14, 2025
10:14 PM
Are you self employed and get a 1099NEC or are you an employee with a W2? If you are a W2 employee you can no longer deduct expenses for your job. See Deductions that have been suspended for ...
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Are you self employed and get a 1099NEC or are you an employee with a W2? If you are a W2 employee you can no longer deduct expenses for your job. See Deductions that have been suspended for 2018-2025. Can employees deduct any job-related expenses?
October 14, 2025
10:05 PM
this relates to my schedule C
October 14, 2025
10:05 PM
You might have another account. 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=ll...
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You might have another account. 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/ If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. You can also request a transcript from the IRS https://www.irs.gov/individuals/get-transcript
October 14, 2025
10:01 PM
I got the same issue and went to confirm everything was approved from last year. Definitely must be a system error that they need to address
October 14, 2025
10:00 PM
You should gave tax withholding taken out on it, that will help. Or send in an estimated payment. If Turbo Tax calculates a penalty on 1040 line 38…..You might be able to eliminate it or at le...
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You should gave tax withholding taken out on it, that will help. Or send in an estimated payment. If Turbo Tax calculates 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. It's under Federal or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button
October 14, 2025
9:58 PM
Hi, I'm filling out the Form 8615 questionnaire for my children in TT, and the instructions I see do not make sense in the context of my return. As one example, see the question on 'Parents Capi...
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Hi, I'm filling out the Form 8615 questionnaire for my children in TT, and the instructions I see do not make sense in the context of my return. As one example, see the question on 'Parents Capital Gains': "If the parents of [child] had any capital gains or losses, enter any amounts that appear on their 2024 Schedule D, the Qualified Dividend and Capital Gains Tax Worksheet line 3 and Form 4952." The data entry boxes given are for "Schedule D, Line 7", "Schedule D, Line 15 OR Qualified Div/Cap Gain Wksht Line 3", "Schedule D, Line 18", "Schedule D, Line 19", and "Form 4952, Line 4g". I filed a 2555 with my return (live and work overseas at the moment), and I filed neither Schedule D nor Form 4952, nor do I have a Qualified Dividend/Capital Gains Tax Worksheet, so I don't know how to answer the above question. TT made me a Schedule D worksheet, and figured out my tax using the Foreign Earned Income Worksheet. What should I use here?
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October 14, 2025
9:55 PM
How do I avoid an underpayment penalty when I do a large ROTH conversion? I plan on doing a ROTH conversion of around $80K. The goal is to put my taxable income near the top of the 24% tax brack...
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How do I avoid an underpayment penalty when I do a large ROTH conversion? I plan on doing a ROTH conversion of around $80K. The goal is to put my taxable income near the top of the 24% tax bracket for single filers. That will be $197,300. I have never paid estimated payments before. I receive a paycheck and get a W2 at the end of the year. Last year I converted $70K and paid a $250 penalty. I'd like to avoid that this year. Does it matter when during the year I do the ROTH conversion to avoid a penalty? Thanks
October 14, 2025
9:54 PM
The actual Form 4562 that is filed with your return is just a Summary of the Depreciation for the current year and only lists out the new assets and not the prior the items. You may have a 4562 Depre...
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The actual Form 4562 that is filed with your return is just a Summary of the Depreciation for the current year and only lists out the new assets and not the prior the items. You may have a 4562 Depreciation and Amortization Report which does list all the items including fully depreciated items. If you don't have the 4562 Depreciation and Amortization Report or need more info you need the Asset Life History. The history is only available in the Desktop program not the Online version. If you are using the Online version you would have to download your .tax20yy file and open it in the desktop program.