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March 15, 2026
8:57 AM
I can't find the "jump to" either. I use the search part and all I get is a digital "ai" assistant who really can't help me so I have to go through hoops to find it by either waiting for an answer, ...
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I can't find the "jump to" either. I use the search part and all I get is a digital "ai" assistant who really can't help me so I have to go through hoops to find it by either waiting for an answer, going to the community, or asking direct question. Not liking this at all, the jump to feature was perfect why was it changed. the answer to annette (below) says it "may" take there, well sometimes it do and sometimes it don't.
March 15, 2026
8:57 AM
1 Cheer
Because it is inherited property, it would receive the same tax treatment as if it were inherited property from the U.S. so you have to look at how the transaction occurred before you received it. I...
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Because it is inherited property, it would receive the same tax treatment as if it were inherited property from the U.S. so you have to look at how the transaction occurred before you received it. In general, you would not have to pay income tax on inherited property, but there may be reporting requirements and income tax due depending on how the property was distributed.
If you received the actual rental property (or a share) as the bequest and later sold it, you would report as a capital gain. If you just received the proceeds as a bequest, you would not have to pay income tax on it. See How Can I Protect My Inheritance From Taxes?
The situation becomes a bit more complicated because it crossed the border- you would have to be mindful of foreign asset reporting- see FBAR Compliance: Reporting Your Foreign Bank Accounts. Depending on the situation on the disposal, you may also have foreign tax credits (but once again, this is dependent on if the taxes were paid before distribution.)
If you have additional questions, please feel free to add to this question to keep the details consolidated.
March 15, 2026
8:56 AM
For a capital loss, the loss only carries forward, unless they are Section 1256 contract losses. In the case of a regular capital loss, you may ignore the options to carryback/carryforward. If yo...
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For a capital loss, the loss only carries forward, unless they are Section 1256 contract losses. In the case of a regular capital loss, you may ignore the options to carryback/carryforward. If you have a Net Operating Loss (NOL), you must choose to carry the loss forward or apply the loss to previous years (carryback). For more help, see IRS Instructions for Form 172, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. @slowreader
March 15, 2026
8:56 AM
At the screen Select the health-related accounts you had in 2025, make sure that Health Savings Account is selected for both taxpayers.
In TurboTax Online, return to HSA contributions as follow...
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At the screen Select the health-related accounts you had in 2025, make sure that Health Savings Account is selected for both taxpayers.
In TurboTax Online, return to HSA contributions as follows:
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Deductions and credits.
Click the down arrow to the right of Medical.
Click to the right of HSA, MSA Contributions.
Be sure to check the box that you have an HSA account.
At the screen Let's enter your HSA contributions, the second entry box allows you to report contributions personally made.
@kevinwrede1
March 15, 2026
8:54 AM
Product: TurboTax 2025 Desktop (Windows)
Edition: Premier
Topics:
As others have said, most tax experts, including me, believe that you are not allowed to count past year scholarships for the penalty exception. But there is some disagreement on that. Although, ...
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As others have said, most tax experts, including me, believe that you are not allowed to count past year scholarships for the penalty exception. But there is some disagreement on that. Although, most of those on the other side say it must still be done before graduation. See references below for past detailed discussion.
But your question was not can you but how to. Here's an old post that may or may not help.
https://ttlc.intuit.com/community/college-education/discussion/final-withdrawal-from-529-account/00/2175909 how to enter in desktop
Past discussion on "can you"
https://ttlc.intuit.com/community/college-education/discussion/529-plan-withdrawals-and-prior-year-scholarships/00/825550#:~:text=To%20be%20a%20qualified%20distribution,the%20scholarship%20paid%20for%20expenses.
https://ttlc.intuit.com/community/college-education/discussion/re-529-plan-distribution-with-scholarship/01/3324182#M56502
https://www.forbes.com/sites/josephhurley/2016/02/04/dont-make-these-mistakes-when-reporting-529-plan-withdrawals/#643c9dc26155
https://www.investopedia.com/news/penaltyfree-way-get-529-money-back/
https://ttlc.intuit.com/community/college-education/discussion/re-529-plan-scholarship-refunded-late/01/2563740/highlight/false#M45523
March 15, 2026
8:53 AM
During the year I transferred a PTP to a revocable trust. Both have the same tax ID. There was also a small sale of units during the first quarter of 2025. I was issued two K-1s, one reflecting the d...
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During the year I transferred a PTP to a revocable trust. Both have the same tax ID. There was also a small sale of units during the first quarter of 2025. I was issued two K-1s, one reflecting the distribution of capital and reduction of nonrecourse debt to $0.00. In addition, it reflects the share of current year income, deductions, credit and other income for the period prior to the transfer to the revocable trust. The second K-1 reflects the share of current year income, deductions, credit and other income for the period after the transfer to the trust, a capital contribution that equates to the basis reported by the broker on the date of the transfer and nonrecourse debt substantially less than the other K-1. Question, since this was not a sale can I report it as one K-1 combining the current year income, deductions, credit and other income from the two K-1s and using the reported capital distribution from the initial K-1 and using that as the beginning balance on the modified/combined K-1?
March 15, 2026
8:53 AM
I made sure this part was no-Do you want to start the Maryland estimated taxes section now?
Topics:
March 15, 2026
8:51 AM
Improvements to your own home are not deductible. Save your records and invoices for someday when you sell the house. If this is for a rental property that you own, and not for your own home, po...
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Improvements to your own home are not deductible. Save your records and invoices for someday when you sell the house. If this is for a rental property that you own, and not for your own home, post back for further help.
March 15, 2026
8:50 AM
Your short-term stock sales are reported on your 1099-B, Proceeds from Broker Transactions. Those transactions are reported in the Investments & Savings Section under Wages & Income. TurboTax automat...
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Your short-term stock sales are reported on your 1099-B, Proceeds from Broker Transactions. Those transactions are reported in the Investments & Savings Section under Wages & Income. TurboTax automatically completes Form 8949 when you enter your stock sales. You can choose to type it yourself instead of import.
Follow the steps below to enter your 1099-B:
Launch TurboTax
Select Wages & Income
Select the dropdown by Investments and Savings
Select Start/Revisit by Stocks, Bonds, Mutual Funds (1099-B) TurboTax will guide you through the screens to enter your 1099-B.
Review the TurboTax article Where do I enter or import a 1099-B? for navigation instructions.
For more information on broker transactions, refer to the TurboTax article What is Form 1099-B: Proceeds from Broker Transactions? and Video: When to Use IRS Form 8949 for Stock Sales for additional information.
March 15, 2026
8:50 AM
1 Cheer
According to the Forms availability lookup tool, Ohio municipal tax return 37 is available for preparation and mail using TurboTax Online/Desktop, but isn't supported for e-file in the software. If y...
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According to the Forms availability lookup tool, Ohio municipal tax return 37 is available for preparation and mail using TurboTax Online/Desktop, but isn't supported for e-file in the software. If you want to mail your Form 37, you can continue completing it in TurboTax; or if you would like to file it on the Ohio RITA website, you can continue to enter it online.
If you need help preparing and filing your RITA return, please see the 2025 instructions.
If you need to look at the Form's columns and labels in full, please see the 2025 Form 37 PDF.
March 15, 2026
8:50 AM
Topics:
March 15, 2026
8:49 AM
I am able to access my account. I followed your suggestions but still cannot edit/update the old phone number that shows under Contact Info section under my profile, and that incactive number is wha...
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I am able to access my account. I followed your suggestions but still cannot edit/update the old phone number that shows under Contact Info section under my profile, and that incactive number is what shows up when I try to connect to Live Help!
March 15, 2026
8:48 AM
roof
Topics:
March 15, 2026
8:47 AM
Distributions from a 401(k) have no bearing on eligibility to deduct a traditional IRA contribution. He is covered for 2025 only if additions where made for his benefit to an employer plan for the p...
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Distributions from a 401(k) have no bearing on eligibility to deduct a traditional IRA contribution. He is covered for 2025 only if additions where made for his benefit to an employer plan for the plan tax year ending in 2025. Is box 13 Retirement plan marked on his 2025 W-2? If so, he is covered for 2025, perhaps because his current employer provides a pension plan rather than a 401(k). Does box 12 of his 2025 W-2 have any amounts shown with code D, E, F, G, S, AA, BB or EE? These codes indicate employee contributions to an employer plan. Are you covered for 2025? If so and MAGI is high enough, his traditional IRA contribution is not eligible for a deduction.
March 15, 2026
8:46 AM
For QBI reported on Statement A with Schedule K-1 (1120S), add together all numbers for each QBI category and enter the sum. The separation of multiple sources is not necessary for QBI because you ar...
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For QBI reported on Statement A with Schedule K-1 (1120S), add together all numbers for each QBI category and enter the sum. The separation of multiple sources is not necessary for QBI because you are a member of the S-Corp that owns the companies (QBI flows through to you as one number).
March 15, 2026
8:46 AM
IRS form 172 is not supported. This TurboTax website, page 15, states:
The program does not calculate the amount of NOL to be carried back or forward to another year. To determine your NOL, if...
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IRS form 172 is not supported. This TurboTax website, page 15, states:
The program does not calculate the amount of NOL to be carried back or forward to another year. To determine your NOL, if any, refer to Form 172 (not included with this program).
IRS form 172 will need to be printed and mailed with your income tax return that claims the NOL.
If you know the amount of your carryforward loss, then you can enter that information into TurboTax under Wages & Income / Business Deductions and Credits.
IRS form 172 Instructions may be found here.
March 15, 2026
8:44 AM
The best answer turned out to be something that SteamTrain said in their first post: Delete the problematic 1099-DIV and re-enter its data manually. I then specified "Massachusetts" vs. "Multi State"...
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The best answer turned out to be something that SteamTrain said in their first post: Delete the problematic 1099-DIV and re-enter its data manually. I then specified "Massachusetts" vs. "Multi State" income in the interview, and TT correctly captured the Massachusetts income only to Mass. Schedule B.
March 15, 2026
8:42 AM
The form indicates it is populating from lines on the 1040; however, its incorrect. What the heck. I can do it more accurately manually; however, it doesn't let me edit the form. The final AGI is c...
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The form indicates it is populating from lines on the 1040; however, its incorrect. What the heck. I can do it more accurately manually; however, it doesn't let me edit the form. The final AGI is correct;however, the form concerns me.