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I'm a fellow user, not a tax expert, but I wonder if it's this.    Do you have other capital gains and qualified dividends that invoked the use of the QDCGT Worksheet for your tax calculation?   If... See more...
I'm a fellow user, not a tax expert, but I wonder if it's this.    Do you have other capital gains and qualified dividends that invoked the use of the QDCGT Worksheet for your tax calculation?   If so, the Qualified Dividends and Capital Gains Tax worksheet uses the IRS Tax Tables (if income less than $100,000) for the final calculation to help it to determine which is the lower rate.   At your income level the IRS Tax Tables are in $50 increments.  Think of them as $50 brackets.  If you are near the top of one $50 bracket and add a few dollars of income, it can push you into the next $50 bracket of the IRS Tax Table.   Look at the QDCGT Worksheet in Forms Mode and the calculations on the last 4-5 lines.   Specifically, look at Lines 22 and 24 of that worksheet.   Then look up the tax figure shown there in the IRS Tax Tables, which you can find in this IRS Publication, and you'll see how the $50 "brackets" would work with your income figures. https://www.irs.gov/pub/irs-pdf/p1040.pdf [EDIT NOTE:  2/13/2026 at 6:10 PM Pacific   Link revised from the IRS HTML web version to an IRS PDF version, which is much easier to read.]   Try looking at the QDCGT Worksheet and the IRS Tax Table amounts both before you add the additional interest, and look at the QDCGT Worksheet and IRS Tax Table after you enter the extra interest to see how it changed in regard to the IRS Tax Table $50 "brackets."   You may have simply been about $3.63 below the next $50 bracket, and if so, then the extra $3.69 sent you over the cliff into the next $50 bracket in the IRS Tax Table.
ERROR Message I'm still getting even though the other 5 asset work sheets were fixed with the Feb 13th update but this one still exists:   Asset Entry Worksheet (Name of Asset) Special Depr Allowa... See more...
ERROR Message I'm still getting even though the other 5 asset work sheets were fixed with the Feb 13th update but this one still exists:   Asset Entry Worksheet (Name of Asset) Special Depr Allowance is too large. It cannot exceed 0% of eligible basis.
@DORRITO wrote: I'll never understand why someone replies when they have no idea what they are talking about.  I'm ready to leave as well, been waiting solely on this.  Can't get updates. Not... See more...
@DORRITO wrote: I'll never understand why someone replies when they have no idea what they are talking about.  I'm ready to leave as well, been waiting solely on this.  Can't get updates. Not sure to what you are referring but H&R Block was just updated yesterday and NOW the depreciation section in rentals is functioning properly.    I have no idea why you can't get updates but YOU are the one who has no idea what you are talking about, I suppose, since everyone else can get updates without experiencing any issues. Looks like user error on your part.
A scholarship COULD be contributed, but as stated earlier, it needs to be earned income and reported on a W-2. Some Fellowship Grants are reported on a W-2 and that would qualify.    The scholarshi... See more...
A scholarship COULD be contributed, but as stated earlier, it needs to be earned income and reported on a W-2. Some Fellowship Grants are reported on a W-2 and that would qualify.    The scholarship listed in Box 5 on a 1098-T can be used towards your Earned Income Credit if you are otherwise eligible, but excess in Box 5 on your 1098-T can not be used to make a deductible IRA contribution.    Excess (taxable) scholarship income is funny, sometimes it counts as earned Income and other times it doesn't.  For an IRA contribution, it doesn't.     "Yes it states that  taxable non-tuition fellowship and stipend payments qualify along with wages, salaries, self-employment income." Those Fellowships and Stipends are reported on a W-2.     HERE is a similar question 
My son worked in our home state during the summer, but when he went to college out of state he got a job for a few months.  Does a separate state need to be purchased and filed?  The home state is Ma... See more...
My son worked in our home state during the summer, but when he went to college out of state he got a job for a few months.  Does a separate state need to be purchased and filed?  The home state is Maryland, and the other state is South Carolina.  If we have to purchase SC, do we need to create a separate federal form for just that W-2 so it can be filed in SC?  If we can use the same federal form and include all income from both states, is the software smart enough to know how to calculate the tax information for just the other state (SC)?  What if the cost of purchasing the extra state is more than the amount of the return he would get?
oh well - have to be patient and take it day by day, there is no firm date in the other threads.  IRS updated instructions 2 days ago on 2/11, presumably Intuit is doing final checking against that. ... See more...
oh well - have to be patient and take it day by day, there is no firm date in the other threads.  IRS updated instructions 2 days ago on 2/11, presumably Intuit is doing final checking against that.   https://www.irs.gov/pub/irs-pdf/i4562.pdf
ERROR Message I'm still getting even though the other 5 asset work sheets were fixed with the Feb 13th update but this one still exists:   Asset Entry Worksheet (Name of Asset) Special Depr Allowa... See more...
ERROR Message I'm still getting even though the other 5 asset work sheets were fixed with the Feb 13th update but this one still exists:   Asset Entry Worksheet (Name of Asset) Special Depr Allowance is too large. It cannot exceed 0% of eligible basis.
Which turbo tax version do you have that has updated? I have desktop premier and it still hasn't update the form 4562
i downloaded 2025 Premier Turbo Tax and accidentally downloaded it as desktop and i want it to be online. How can i correct this before i start entering all my info?
I am a CA non-resident and a UT resident. I received a Utah TC 20 schedule K-1, which has a ordinary business loss of $2532. When I am entering data for Utah, turbotax [1] did not ask me to enter any... See more...
I am a CA non-resident and a UT resident. I received a Utah TC 20 schedule K-1, which has a ordinary business loss of $2532. When I am entering data for Utah, turbotax [1] did not ask me to enter any schedule K-1 or [2] there is any field where I can click on schedule K-1. Very different from Federal returns which has both of these features. Can someone pls help?
The IRS has not updated their W-4 Calculator, for changes for the OBBB.  The TurboTax link says '2026' at the top, so should give you a pretty accurate result.   @username6841651 
Your car registration fee is deductible if it’s a yearly fee based on the value of your vehicle and you itemize your deductions.   In California, you can deduct The Vehicle License Fee (VLF) portion ... See more...
Your car registration fee is deductible if it’s a yearly fee based on the value of your vehicle and you itemize your deductions.   In California, you can deduct The Vehicle License Fee (VLF) portion of your registration fee.   Where do I enter my car registration expenses?   Follow these directions: Open or continue your return. Navigate to the car registration section: TurboTax Online/Mobile: Go to the car registration screen under Deductions & Credits. TurboTax Desktop: Go to Federal Taxes. Go to Deductions & Credits. If asked How do you want to enter…?, select I’ll choose what I work on. Under Cars and Other Things You Own, select Start or Update next to Car Registration Fees.
Where do I add all of Savannah's college expenses... computer, dorm supplies
What version do you have? I still don't have an update with premier and today is Feb. 13 :(  
Q. Should I put that I support myself under full-time student if my bills are paid by the head of household, but I pay my own tuition? A. Simple answer: No.  If it has already been determined that ... See more...
Q. Should I put that I support myself under full-time student if my bills are paid by the head of household, but I pay my own tuition? A. Simple answer: No.  If it has already been determined that you are somebody else's dependent, then you did not support yourself.    That said, it really depends on more information.  What is the source of funds by which  you pay your own tuition? If student loans, did your parent co-sign the loan?  Which is the more,  your tuition or your bills paid by the head of household?   With the 2018 tax law change, most students will get the same refund whether they claim themselves or not. The personal exemption has been eliminated and the standard deduction increased. However, you only qualify for an education credit, if you are not a dependent. _______________________________________________________________________________________________ There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test. The support test is different for each type. The support test, for a QC, is only that the child didn't provide more than half his own support. The support test for a Qualifying Relative is that the taxpayer provided more than half the relative's support.   A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if: He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled He did not provide more than 1/2 his own support. Scholarships are excluded from the support calculation He lived with the parent (including temporary absences such as away at school) for more than half the year   So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on himself. The support value of the home, provided by the parent, is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf See full dependent rules at: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Rules-for-Claiming-a-Dependent-on-Your-Tax-Return/INF12139.html    
I make a Roth conversion Go/NoGo decision each October. This past year (2025) was my first year using this strategy. I did a $70K conversion on 10/10/2025. I immediately (next day) went to the IRS si... See more...
I make a Roth conversion Go/NoGo decision each October. This past year (2025) was my first year using this strategy. I did a $70K conversion on 10/10/2025. I immediately (next day) went to the IRS site and made a direct payment of $13,115. Turbo Tax is calculating I will have a Penalty/Interest amount of $164.  If I do not know whether I will have a conversion until October, how can I avoid this penalty without grossly overpaying if I choose not to do a Roth conversion? Can I go into my Turbo Tax return and force it to use the Form 2210 annualized income method? As a retired engineer, I created a detailed spreadsheet that documents monthly incomes, interest earned, Federal Tax withholding, etc. and calculates MFJ federal tax.  That spreadsheet was within $1 of Turbo Tax solution, EXCEPT this $164 penalty. 😕
Florida does not impose an income tax.   The sales tax rate in Florida is a base 6% with counties adding a surtax (see rates at the site below).   https://floridarevenue.com/Forms_library/current... See more...
Florida does not impose an income tax.   The sales tax rate in Florida is a base 6% with counties adding a surtax (see rates at the site below).   https://floridarevenue.com/Forms_library/current/dr15dss.pdf
Please share this with your call colleagues.  They kept telling me I had to enter the federal EIN.  
Any update on when this will be updated? It's now February 13.