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It's Feb 13 and I am still getting the message that depreciation forms are not ready.  How is this possible even the free tax filing companies already have this done???  How do I get a refund for wha... See more...
It's Feb 13 and I am still getting the message that depreciation forms are not ready.  How is this possible even the free tax filing companies already have this done???  How do I get a refund for what I paid for Turbo Tax?
I need help in handling RSU sales which are all basically losses. There are DRIPs that contributed wash sales as well.   The brokerage tax document contains both 1099B and supplemental forms. Howev... See more...
I need help in handling RSU sales which are all basically losses. There are DRIPs that contributed wash sales as well.   The brokerage tax document contains both 1099B and supplemental forms. However, the dates, qty, basis are different in 1099B versus supplemental. While supplemental shows all of them LT, there are 2 txns that appear in 1099B Short term txn basis reported to IRS.   The total basis match exactly between supplemental and all of 1099 txns.   When TurboTax auto downloaded the txn from the brokerage, it downloaded txns that are on supplemental form.   For example, 1099B ST has a txn 4.924 dated 4/10/25, while supplemental has 3 lots (0.352, 4.063, 0.509 all dated 3/6/21). TurboTax also shows only the 3 txns (0.352, 4.063, 0.509) and defaulted to Long term covered.   Another example: There is a RSU sale for 60 (3/4/21) is split in 1099B to 7.447 ST-reported with date 4/10/25, and 52.553 LT-not reported with date 3/12/21.   Turbotax also asked me to upload the PDF consolidated pdf, and it went and adjusted basis some of the RSU lots, asked me to verify.   Do I simply use what is in the supplemental or try to match the 1099B for ST/LT etc?   Appreciate advise on this please. Thanks.
I received a call back from a TurboTax specialist this morning.  She told me that now an interview question asks about if any room and board (I can't remember if it asked this question previously), s... See more...
I received a call back from a TurboTax specialist this morning.  She told me that now an interview question asks about if any room and board (I can't remember if it asked this question previously), she said when you click "yes" there is a drop down that allows you to enter the amount.  I'm holding off on trying again until Monday night to allow the dust to settle since I've already burned too much time on taxes this year.   She also said that while it does not specifically ask about other education expenses such as Computer, Software and Internet Service as it did in year(s) past, she says I can enter those types of Education expenses where it asks, "Books and materials not required to be purchased from the school."     She assured me that when you enter the various education expenses on that line, even though I did not purchase from the school, the amount on the form is always lumped together anyway, so it is okay to do so, if that makes sense.   For those who work on their taxes tomorrow (after the Friday 2/13/26 TurboTax update, I'm looking forward to hearing if it works or not; specifically, if it now allows you to enter an amount for Room and Board.
Yes, that is typical. The state returns normally just start with the federal adjusted gross income!
I received a call back from a TurboTax specialist this morning.  She told me that now an interview question asks about if any room and board (I can't remember if it asked this question previously), s... See more...
I received a call back from a TurboTax specialist this morning.  She told me that now an interview question asks about if any room and board (I can't remember if it asked this question previously), she said when you click "yes" there is a drop down that allows you to enter the amount.  I'm holding off on trying again until Monday night to allow the dust to settle since I've already burned too much time on taxes this year.   She also said that while it does not specifically ask about other education expenses such as Computer, Software and Internet Service as it did in year(s) past, she says I can enter those types of Education expenses where it asks, "Books and materials not required to be purchased from the school."     She assured me that when you enter the various education expenses on that line, even though I did not purchase from the school, the amount on the form is always lumped together anyway, so it is okay to do so, if that makes sense.   For those who work on their taxes tomorrow (after the Friday 2/13/26 TurboTax update, I'm looking forward to hearing if it works or not; specifically, if it now allows you to enter an amount for Room and Board.
No one can see your screen or your tax return, so we have no idea who you mean by "her."   Or who "he" is.  Can you provide some details so we will know what you are trying to ask about?
I received a call back from a TurboTax specialist this morning.  She told me that now an interview question asks about if any room and board (I can't remember if it asked this question previously), s... See more...
I received a call back from a TurboTax specialist this morning.  She told me that now an interview question asks about if any room and board (I can't remember if it asked this question previously), she said when you click "yes" there is a drop down that allows you to enter the amount.  I'm holding off on trying again until Monday night to allow the dust to settle since I've already burned too much time on taxes this year.   She also said that while it does not specifically ask about other education expenses such as Computer, Software and Internet Service as it did in year(s) past, she says I can enter those types of Education expenses where it asks, "Books and materials not required to be purchased from the school."     She assured me that when you enter the various education expenses on that line, even though I did not purchase from the school, the amount on the form is always lumped together anyway, so it is okay to do so, if that makes sense.   For those who work on their taxes tomorrow (after the Friday 2/13/26 TurboTax update, I'm looking forward to hearing if it works or not; specifically, if it now allows you to enter an amount for Room and Board.
Since we do not know who is 'he' or 'her' or 'you' and why he cannot claim 'her', much more information is need to be able to advise and help.
I just talked with a live turbo tax expert and she said that the 1040 Schedule E is not required and is not included with the Georgia tax return.
Foreign tax credits have a 10-year carryforward life. This means any excess credits generated in 2015 expire at the end of 2025.   Prepare your 2023 and 2024 amendments to determine what the carr... See more...
Foreign tax credits have a 10-year carryforward life. This means any excess credits generated in 2015 expire at the end of 2025.   Prepare your 2023 and 2024 amendments to determine what the carryover amounts are after each year. Then prepare your 2025 return and report those carryover amounts for 2023 and 2024 in the carryover screen on your return. Then immediately file your 2023 and 2024 amendments.   If they process your 2025 return first and see a carryover that doesn't match their old 2024 record, they might send a notice. However, once they process the 1040-Xs, the records will align.          
When you enter your Form 1099-MISC, you need to indicate that the rental income was from rental real estate on the screen that says Source of Form 1099-MISC. You need to then go the Rental Property s... See more...
When you enter your Form 1099-MISC, you need to indicate that the rental income was from rental real estate on the screen that says Source of Form 1099-MISC. You need to then go the Rental Property section in Wages and Income. There you can edit the property created from the Form 1099-MISC entry and enter in the expenses you had that are associated with it.        
I have the same problem, @htgreen3, on the same type of system - Surface ARM chipset, Win 11. I've tried the same things, including your suggestions, @mesquitebean. I've had TTax installed for over a... See more...
I have the same problem, @htgreen3, on the same type of system - Surface ARM chipset, Win 11. I've tried the same things, including your suggestions, @mesquitebean. I've had TTax installed for over a month and nearly finished my taxes. I'm guessing this was either a TTax or Windows update that caused a conflict with the ARM chipset. It's not the first time I've run into a problem with the ARM chipset compatibility. Sure hope this gets fixed quickly!  
Turbo Tax, you went from saying before Feb, to Feb 13, to after Feb 13.   The forms are out and work with CPA's and every other program.  Perhaps I should switch to a new program that lets me actuall... See more...
Turbo Tax, you went from saying before Feb, to Feb 13, to after Feb 13.   The forms are out and work with CPA's and every other program.  Perhaps I should switch to a new program that lets me actually work on my taxes.
Why are you using the "what if" feature?   If you are trying to use it to compare MFJ to MFS, when you file married filing separately you cannot get the senior deduction.  You only get that deduction... See more...
Why are you using the "what if" feature?   If you are trying to use it to compare MFJ to MFS, when you file married filing separately you cannot get the senior deduction.  You only get that deduction for a joint return if you are married.
Yes, it would be unwise to file in this situation, which is why I am pointing out that the software should catch this during the review and prevent the user from filing, or at least flag that somethi... See more...
Yes, it would be unwise to file in this situation, which is why I am pointing out that the software should catch this during the review and prevent the user from filing, or at least flag that something is missing. As it is, the review is completed, and the user is told that everything looks great. 
Yes, totally agree, I deleted and re-entered about 4 times, luckily only the non-cash etc., and I had about 6 entries. Yes, quite frustrating, and the reps didn't know any answers as well. I looked... See more...
Yes, totally agree, I deleted and re-entered about 4 times, luckily only the non-cash etc., and I had about 6 entries. Yes, quite frustrating, and the reps didn't know any answers as well. I looked back at mine, and I only see it included with Federal 1040 not my California state. I feel your pain, fingers crossed for you, and sorry, it was sure not fun to work through the issue. Good luck!   EO