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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 Depre... See more...
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.    Before filing you can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160   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.
This is NOT resolved; I purchased from Costco and it doesn't work. They sent a new one and that doesn't work either. TT needs better programmers to get past this issue.
Do you have income requiring you to file?
My spouse received multiple 1042-S as a nonresident alien last year, 3 on 3-7-25 and 2 on 3-12-25. We are filing an amended 1040 for 2024 and need to know which realized capital gain to show: all of ... See more...
My spouse received multiple 1042-S as a nonresident alien last year, 3 on 3-7-25 and 2 on 3-12-25. We are filing an amended 1040 for 2024 and need to know which realized capital gain to show: all of the 5 amounts, or does the more recent 3-12-25 1042-S supersede the older 3-7-25 form? Also, according to the below, since she had no other income than investments, perhaps we don't need to show any investment capital gains? Thanks.   f You Receive Form 1042-S, Does That Mean You Have U.S. Tax Obligations? "No, this does not trigger automatic U.S. filing requirements. As mentioned above, certain types of income received are passive in nature and are subject to a flat tax corresponding to the statutory 30% withholding. If that constitutes the entirety of your US-sourced income, you likely do not have a filing requirement, since IRS already has their money. " 
Scheduled for January 21. 
The loan was in the builder's name, but we paid the intereset on the loan for four months before we purchased the home.
My spouse received multiple 1042-S as a nonresident alien last year, 3 on 3-7-25 and 2 on 3-12-25. We are filing an amended 1040 for 2024 and need to know which realized capital gain to show: all of ... See more...
My spouse received multiple 1042-S as a nonresident alien last year, 3 on 3-7-25 and 2 on 3-12-25. We are filing an amended 1040 for 2024 and need to know which realized capital gain to show: all of the 5 amounts, or does the more recent 3-12-25 1042-S supersede the older 3-7-25 form? Also, according to the below, since she had no other income than investments, perhaps we don't need to show any investment capital gains? Thanks.   f You Receive Form 1042-S, Does That Mean You Have U.S. Tax Obligations? "No, this does not trigger automatic U.S. filing requirements. As mentioned above, certain types of income received are passive in nature and are subject to a flat tax corresponding to the statutory 30% withholding. If that constitutes the entirety of your US-sourced income, you likely do not have a filing requirement, since IRS already has their money. " 
After you enter your W-2 any unreported Tips is entered.  On the screen Let's check for other situations, check the box Tips not reported on my W-2.  Tips reported to your employer should have been o... See more...
After you enter your W-2 any unreported Tips is entered.  On the screen Let's check for other situations, check the box Tips not reported on my W-2.  Tips reported to your employer should have been on your W-2 in box 7.  
@Mike9241  I think you are correct.  What tripped me up was the title of the header "Giving property that has increased in value" (which used hearing aids do not do), and the first sentence which i... See more...
@Mike9241  I think you are correct.  What tripped me up was the title of the header "Giving property that has increased in value" (which used hearing aids do not do), and the first sentence which is "giving property whose FMV is more than the basis" which is a similar but different concept.     @knowitall80  I agree that you can claim the FMV for the hearing aids if you have owned them more than one year, regardless of whether your spouse is alive or not.   My previous answer is still partly true, however.  If your spouse has passed away, then your basis is equal to half or all of the FMV (depending on what state you live in) and you could claim that value even if it has been less than a year.  
Everyone....Here's some posts I found about Transferring from 2024 into 2025 on Mac. This post got it to work a weird way…. https://ttlc.intuit.com/community/taxes/discussion/2025-turbo-tax-will-... See more...
Everyone....Here's some posts I found about Transferring from 2024 into 2025 on Mac. This post got it to work a weird way…. https://ttlc.intuit.com/community/taxes/discussion/2025-turbo-tax-will-not-import-my-information-from-my-2024-turbo-ta/01/3723096 "I was having the same issue and stumbled upon a workaround. I tried opening the 2024 return using the 2025 software. Then a dialogue box opened up offering to transfer the file and this actually worked." This user found he didn't hit the Begin button to start https://ttlc.intuit.com/community/taxes/discussion/transfer-information-from-previous-year-s-turbotax/01/3723027 Several ideas and fixes in this thread. https://ttlc.intuit.com/community/taxes/discussion/attempting-to-import-last-year-s-tax-return-but-turbotax-will-not-do-it-found-the-correct-file/00/3718897 Some posts I found said…. After the program said it successfully transferred the information, I would click through and then it didn't show anything. All the fields were blank. I tried multiple times. What finally seems to have worked is I chose to select a file from my computer, instead of the .tax file that automatically showed up to select. I just saw another post where someone said they kept "fiddling with it" so I exited out of 2025 TurboTax and back in again and then it worked....so I transferred it quick! I opened my 2024 tax file using TurboTax 2024. It notified me that there were updates necessary to the software. I allowed it to update TurboTex 2024 and open my last-year's file. Then I re-saved the file. I then quit TT2024, re-opened TT2025, and was able to transfer the data.
Taxable Social Security benefit in 2024 - This is my question.  Do I enter $16,632 or do I enter $0?  It says enter zero if your social security benefits weren't taxable but not sure how to answer. ... See more...
Taxable Social Security benefit in 2024 - This is my question.  Do I enter $16,632 or do I enter $0?  It says enter zero if your social security benefits weren't taxable but not sure how to answer.   TurboTax software wants you to enter the taxable Social Security benefit that was reported on the 2024 income tax return that has already been filed.   If you had not received any Social Security benefit prior to the 2025 lump sum payment, you would report $0.    
The Form 1099-R section is estimated to be finalized and available in TurboTax on 01/21/2026
After you enter your W-2 any unreported Tips is entered.  On the screen Let's check for other situations, check the box Tips not reported on my W-2.  Tips reported to your employer should have been o... See more...
After you enter your W-2 any unreported Tips is entered.  On the screen Let's check for other situations, check the box Tips not reported on my W-2.  Tips reported to your employer should have been on your W-2 in box 7.    
I’m in my home country right now ( Egypt ), I was just asking because it shows that the federal taxes refund are accepted by the IRS and they estimated the reimbursement would be on 02/06/2026 but it... See more...
I’m in my home country right now ( Egypt ), I was just asking because it shows that the federal taxes refund are accepted by the IRS and they estimated the reimbursement would be on 02/06/2026 but it still said pending on the Maine state tax refund and I thought it might be something wrong from my side.
Will the update be available as suggested in earlier posts?
Each year, TurboTax has to calculate your annual HSA contribution limit. The limit is not a hard-and-fast $4,300, but a dollar amount based on what type of HDHP coverage you have and the number of mo... See more...
Each year, TurboTax has to calculate your annual HSA contribution limit. The limit is not a hard-and-fast $4,300, but a dollar amount based on what type of HDHP coverage you have and the number of months you are covered, that can max out at $4,300 for Self-only coverage.   How many months did you have HDHP coverage? And which months were they? Did you see the question, "What type of HDHP coverage di you have on December 1, 2024?" (yes, really, 2024)? How did you answer it?
If you've already submitted your tax return to the IRS, you will have to wait for it to be accepted or rejected before filling an amended tax return.  In addition, the IRS hasn't started accepting 20... See more...
If you've already submitted your tax return to the IRS, you will have to wait for it to be accepted or rejected before filling an amended tax return.  In addition, the IRS hasn't started accepting 2025 tax returns until Monday, January 26, 2026.   If you haven't filed your tax return, and want to start over: Log back into TurboTax Select an Item like Personal Info from the center listing Then click on Preview/Edit or Continue This will turn on the left side menu In the bottom left choose Switch Products Then select Clear and Start Over