All Posts

It's great that we will be able to download information directly into Turbo Tax for inclusion on Schedule A but not sure at this point whether it would also include the preparation of Form 8283, Non-cash Charitable Contributions.

Since it appears to be one payment split then enter it as "Other reportable income"; no need to use a Schedule E for this.    In the "Wages and Income" section scroll to "Less Common Income"  Start/Update "Miscellaneous Income" Start/Update "Other reportable income" Did you receive other taxable income?  YES Description - If you received a form 1099-Misc be sure to indicate form 1099-Misc in the description box.  Something like "1099-Misc Good Neighbor or Windfarm Nuisance" should work.  If there was no 1099-Misc then just describe as "Good Neighbor or Windfarm Nuisance payment." Enter the payment amount Done This will enter the amount as other income on Schedule 1, line 8z which carries to line 8 on the form 1040.   Alternatively, if you received a 1099-Misc, you can follow Pattif's instructions in the earlier post and extracted below. This too will enter the income on Schedule 1, line 8z.   Go to Other Common Income in the Income & Expenses section, Click Start at the 1099-MISC box Enter info from 1099-MISC, Describe the reason for this 1099-MISC, and Continue Does one of these uncommon situations apply?, Choose None of these apply and Continue Check that No, it didn't involve work like my main job How often did you get income for windfarm nuisance fee, Choose I got it in 2021 and Continue Did the windfarm nuisance fee pay involve an intent to earn money, Choose, No, it didn't …. And Continue

@juham2013   I haven't bought my 2025 program yet but I have installed prior  years on different computers when I need to get a new computer.    I had to go from Windows 8 to Windows 10 a couple years ago to install Turbo Tax.   I was able to transfer everything from the Windows 8 computer and able to install the prior years programs too.     Yes all you need to transfer into 2025 is the file ending in .tax2024 from the old computer.  So make sure you have that file and know where it is.  It should be in your Documents in a Turbo Tax folder.  Copy the .tax2024 file to a flash drive so you can copy it into the new computer.    And actually you can transfer the .tax2024 file into Windows or Mac desktop programs.  Mac uses the same data file.     Regarding viewing your return  I say that so if you need to print or look at a prior year without installing that program you can get a copy of the pdf, like to give to someone like a lender etc.  You should be saving each year as the .taxyyyy data file and also as a PDF file when you are done filing.  

I am in a similar situation as both my Windows and my Mac are no longer supported by TT 2025. I researched H&R Block and their 2025 Deluxe download is still compatible with Windows 10 and my current Mac OS Ventura so after over 20 plus years I will be switching to H& R Block in 2025. H&R will collect TT2024 data transfer to their 2025 Deluxe version 

There are 2 different loans you can get. There is a Flex Loan you can get now before you file your 2025 return or the Refund Advance based on your 2025 tax return. Apply for a Flex Loan https://turbotax.intuit.com/personal-loan What is the Turbo Tax Flex Advance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US?uid=mhz8qpz8 The Refund Advance usually starts in January and just when you are ready to file. And only if they offered it to you. You can't self select it. Then you don't get it until AFTER your efile is Accepted by the IRS which is usually late January. https://turbotax.intuit.com/refund-advance  

Hi "VolvoGirl"! Sure value the quick response.   Now, from some of your other responses to other people, I am assuming that you have actually done this already and thus can unequivocally state that I won't have a problem, correct? Indeed, under "Documents\TurboTax", I do see filing documents (PDFs as I save filings - by fault - as PDF every year) from prior years.   That said, there is no need to worry about the incompatibility between TT SOFTWARE versions (Windows 10/Windows11) and TT2025 would be able to import DATA from those PDF files, correct? I was a little confused by "to view your return" that you wrote as, I am not necessarily needing to VIEW but rather need to have TT2025 IMPORT all the DATA automatically. Cheers! JJ

Also you will need Mac OS Sonoma 14 for 2025.   Click on the 2025 tab at the top. https://turbotax.intuit.com/personal-taxes/cd-download/tta-system-requirements   You can buy the current Desktop Download program here, https://turbotax.intuit.com/personal-taxes/cd-download    

@juham2013   Also will you want to install the 2024 program or prior on the new computer?   Since you now have to log into an Intuit Account when you first install it, all your downloads and license codes are listed there (even if you bought it from somewhere else) so if you need to install it again or install on another computer, even on the other operating system (Windows, Mac) you can download it again here, https://accounts.intuit.com/app/account-manager/productsBilling/turbotax   See this article on how to move your tax return to another computer……. https://ttlc.intuit.com/community/tax-data-file/help/how-do-i-move-my-tax-data-file-to-another-computer/00/26128  

@juham2013   Nothing has changed.  You can Transfer 2024 data into 2025,  either to the desktop program or to online.  You just need to copy the tax return data file to the new computer.   You only need the tax return data file ending in .tax2023 to transfer into 2024 or .tax2024 to transfer into next year. You can't transfer the programs. They have to be installed from the CD or Download. You don't need to install older programs unless you need to amend or you didn't save the pdf file. And they only support the last 3 years. If you install an older year you won't be able to update it or download any state programs, so you won't be able to open your return.   For Windows…..What I would do on the old computer, is copy the whole Turbo Tax folder that is under your Documents. That should be where the .tax files and pdf files are stored. Also if you haven't done it, I would open each year in the program and save it as a pdf file, go to FILE - SAVE TO PDF so you don't need the program installed to view your return. Copy that folder to a flash drive or best yet is to burn it to a CD or DVD and then you will have a backup of them. Then on the new computer copy the folder (or files) from the flash drive to your Documents folder.    

Oodles of responses here which I scanned through quickly.   I suppose that TT is trying to FORCE people to file taxes NOT using downloaded versions of TT!     The laptop which has Windows 10 Home edition on it that I have used for filing my taxes  via a downloaded version of TT for many years is not compatible with Windows 11.  It would appear that I need to buy a new lap-top. Now, could someone confirm to me the following? 1. How will TT 2025 be able to import ANY data from my tax filing from 2024 that was done using TT2024 software as TT2025 and TT2024 are installed on TWO different lap-tops? 2. I believe the answer to the above is - NO, TT2025 won't be able to import ANY DATA. IF, indeed, the answer is NO, that really sucks as one of the great features has been to be able to have TT software automatically import DATA from previous years!    Data from sale of stock for instance, especially those sales that were made at a LOSS that carry over. I would value suggestions and answers very much? JJ

@rudygac  How to determine if my computer is in S mode To determine if your computer is in S mode, follow these steps: Open the (PC) Settings app by clicking the Start button or pressing the Windows key on your keyboard. Go to System and then select About (at the bottom you may have to scroll down to see it). Look for the Windows specifications section (at the bottom you may have to scroll down to see it). If your system is in S mode, it will indicate that your Windows is running in S mode, such as "Windows 11 Home in S mode" or "Windows 11 Pro in S mode".    If you need to switch out of S mode, you can do so through the Settings app by selecting Privacy & Security and then Activation. From there, you can choose to switch to Windows 10/11 Home or Windows 11 Pro, which will allow you to install apps from outside the Microsoft Store