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You don’t report that directly.  She can deduct the actual expenses no matter how or from where she paid them.    If you are a sole proprietor or self employed, you don't account for cash, money... See more...
You don’t report that directly.  She can deduct the actual expenses no matter how or from where she paid them.    If you are a sole proprietor or self employed, you don't account for cash, money or loans you put into the business. The schedule C is all your personal income and expenses in the first place. Doesn't matter what account the money came out of. It is not income or an expense. You just enter the gross income you received and actual expenses you paid. If you paid for something you can take the expense. Doesn't matter how you paid it. You deduct the money you put in to the business by entering the expenses you used it for.
No one else has access to your tax return or to your account.  You will have to look over your 2024 return for yourself and see what YOU entered as the school district number---look in the worksheets... See more...
No one else has access to your tax return or to your account.  You will have to look over your 2024 return for yourself and see what YOU entered as the school district number---look in the worksheets that are part of the pdf of the return.     You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2025 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     hhttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0   You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.              
Where did you buy it?  There are some unauthorized places selling used license codes.   Or contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991
Needs an update
I’ve seen Jan 21.  I was able to enter my 1099R into the Forms mode.
Hi - Thanks for your repsonse.  Please resend the instructions PM.  When I saw the case number was missing and saw a second PM, I deleted the first one expecting the full email instructions with case... See more...
Hi - Thanks for your repsonse.  Please resend the instructions PM.  When I saw the case number was missing and saw a second PM, I deleted the first one expecting the full email instructions with case number, but you only included the case number without instructions.  My mistake for being too quick on the delete function.  Thanks.
I don’t know anything about car interest but for the Social Security….   The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which... See more...
I don’t know anything about car interest but for the Social Security….   The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it if you qualify.   1040 Schedule 1-A, page 2 Part V Enhanced Deduction for Seniors https://www.irs.gov/pub/irs-pdf/f1040s1a.pdf   The maximum deduction is $6,000 for each person 65. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). The MAGI is normally the same as your AGI but with some Foreign items from Form 2555 added back in. On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. This deduction is intended to provide tax relief for seniors and is in addition to the existing Standard Deduction or your Itemized Deductions. Expires December 31, 2028.  
I have tried both guided method and straight to the 1099R form method.   Getting the message "This section will be ready soon".    Anyone know ETA?    
You can only do a 1120-S return using the Windows Desktop Business program so it’s only saved on that computer and any backups you made, not Online.   You should have saved both the pdf file and the ... See more...
You can only do a 1120-S return using the Windows Desktop Business program so it’s only saved on that computer and any backups you made, not Online.   You should have saved both the pdf file and the data file ending in .tax2024.   By the way, A business return file ends in the same .tax2024 as a personal 1040 return.   It should be in your Documents in a Turbo Tax folder.    Or you could have used the Turbo Tax live expert help service which is a lot more expensive and only done online.   
Where do you enter schedule 1-A information?
And may I ask why you are filing separate returns?  Sometimes people don't realize the differences between filing  Joint and MFS.   Joint is almost always better.  Here's some things to consider ab... See more...
And may I ask why you are filing separate returns?  Sometimes people don't realize the differences between filing  Joint and MFS.   Joint is almost always better.  Here's some things to consider about filing separately……   In the first place you each have to file a separate return, so that's two returns.  And if you are using the Online version that means using 2 accounts and paying the fees twice.  The Desktop CD/Download program would be better to use.   Many people think they come out better when filing Married Filing Separate but they are probably doing it wrong.  If one person itemizes deductions on Schedule A then the other one must itemize too, even if it's less than the standard deduction, even if it is ZERO!  And if you are in a Community Property state it can be complicated to figure out.   And there are several credits you can't take when filing separately, like the EITC Earned Income Tax Credit Child Care Credit Educational Deductions and Credits   And contributions to IRA and ROTH IRA are limited when you file MFS.   Also if you file Married Filing Separately up to 85`% of your Social Security becomes taxable right away even with zero other income.   See ……. https://ttlc.intuit.com/community/married/help/is-it-better-for-a-married-couple-to-file-jointly-or-separately/00/25590
I get error code 605 in attempting to activate the software.  It does not recognize  the license number that was provided to me.  
Last year to file 2024 I used turbo tax for creating a paper /excel return with line numbers for my accountant. Problem is that I cannot find that 1120 S in my usual account. So I am now doubting as ... See more...
Last year to file 2024 I used turbo tax for creating a paper /excel return with line numbers for my accountant. Problem is that I cannot find that 1120 S in my usual account. So I am now doubting as to which account I (may have) used last year,  does 1120 S gets created based on business account. I cannot find any turbo tax email from last year either telling me of my status on that return, was 1120 S even available online to complete or only by downloading desktop last year and may be I saved it on my old PC that I no longer have....what can I do to find that return or better just continue this year with the same plan like last year use turbo tax and create a new 1120 S for 2025. Problem is that TT does not allow 1120 S on my personal account ...not sure how...
After picking refund advance option and then accept agreements it goes to the trump account info then when I click next redirects me back to the page I just came from. It wont let me file anyone else ... See more...
After picking refund advance option and then accept agreements it goes to the trump account info then when I click next redirects me back to the page I just came from. It wont let me file anyone else having issues
When married filing separately, the amount that you are eligible to contribute to a Roth IRA phases out between $0 and $10,000 of MAGI for this purpose.  If your MAGI is $10,000 or more, you are not ... See more...
When married filing separately, the amount that you are eligible to contribute to a Roth IRA phases out between $0 and $10,000 of MAGI for this purpose.  If your MAGI is $10,000 or more, you are not eligible to contribute to a Roth IRA and any contribution would be an excess contribution subject to penalty unless timely corrected.  Correction by the due date of your tax return, including extensions, can be by an explicit return of contribution or by recharacterizing to a traditional IRA.   If married filing jointly, the amount that you are eligible to contribute for 2025 phases out between $236,000 and $246,000 of MAGI.
My wife started a business reselling estate items. She gets cash every payday from our account which she uses to purchase items, and pay for her rental space in a co-op store.
HOMEOWNERSHIP DEDUCTIONS   Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2025   You should have a 1098 from ... See more...
HOMEOWNERSHIP DEDUCTIONS   Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2025   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.     It is very hard for a lot of people to use itemized deductions now that the standard deduction is so much higher.  Your home ownership may not have any effect on your tax due or refund, especially if you purchased the house late in the year.   Standard Deduction Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.  The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting  tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach.  The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.       2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     There is not a first time home buyers credit on a Federal return. That ended in 2010. If your state has such as credit, you will be able to enter it when you prepare your state return.   Buying a home is not a guarantee of a big refund.  Your deductions for homeownership combined with your other deductions (if any) must exceed your standard deduction to change your tax due or refund. If you purchased your home late in the year, you do not even have a full year of home ownership deductions.   Your closing costs on your new home are not deductible except for prepaid interest, prepaid property tax or loan origination fees.  There are no deductions for appraisal, inspections, title searches, settlement fees. etc.   Your down payment is not deductible.   Your homeowners insurance for fire, hazard, flood, etc. is not deductible for your own home.   Home improvements, repairs, maintenance, etc. for your own home are not deductible.  (With possible exceptions for certain energy credits) (BUT——do make sure you keep careful written records/invoices, etc.  of any improvements you make to the home for someday when you sell it.)   Homeowners Association  (HOA) fees for your own home are not deductible.