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a month ago
To qualify for the Colorado Earned Income Tax Credit as a young filer without children, your student status and personal history determine your eligibility. A "Specified Student" is generally someone...
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To qualify for the Colorado Earned Income Tax Credit as a young filer without children, your student status and personal history determine your eligibility. A "Specified Student" is generally someone enrolled at least half-time for five months of the year, and they must be at least 24 years old to claim the credit.
If you are not a specified student, you can qualify starting at age 19. However, if you are a Qualified Homeless Youth (unaccompanied and self-supporting) or a Qualified Former Foster Youth (in care on or after age 14), you are eligible beginning at age 18 regardless of your student status.
See more information here: Income Tax Topics: Earned Income Tax Credit
a month ago
You may need to enter the actual distributions by partner on the Schedule K-1 Worksheet (Sch K-1 Wks) using Forms Mode.
The form has an embedded scroll bar to move between the partners, or you ...
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You may need to enter the actual distributions by partner on the Schedule K-1 Worksheet (Sch K-1 Wks) using Forms Mode.
The form has an embedded scroll bar to move between the partners, or you can use the page-up/page-down keys.
Distributions are entered on the left column under the Capital column. Amounts you enter here should automatically transfer to Schedule K-1 Line 19 Code A. Be sure the Amended K-1 box is checked at the top of each K-1.
a month ago
Your state refund may be taxable, if you itemized your deductions in 2024. If you did not itemized for 2024 you don't need to enter your refund.
If you did itemize in 2024, when you enter th...
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Your state refund may be taxable, if you itemized your deductions in 2024. If you did not itemized for 2024 you don't need to enter your refund.
If you did itemize in 2024, when you enter them, TurboTax will figure out if they are taxable or not. The questions you are seeing are regarding your 2024 return because the amount of your refund that will be taxable, depends on how much the deduction affected your refund or tax bill in 2024.
To go back to this section and review your entries:
Go to the the Did you have any of these types of income? screen under Wages & Income
Select Yes, on the State and local tax refunds and other government payments screen
Select State or local income tax refunds even if not reported on Form 1099-G
Select Continue
On the Did you get a state or local tax refund in 2025? screen, select Yes
On the Tell us about the refund screen, enter your total refund received in 2025
You will need to enter information from your 2024 tax return.
Where do I enter a 1099-G for a state or local tax refund?
a month ago
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/
...
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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.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US
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.
a month ago
How do I resubmit my rejected state return?
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a month ago
Website states "Depreciation and Amortization will be ready by February, but likely sooner". It is now Feb 14 and it is not available.
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a month ago
I never been married
how do I remove a spouse
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a month ago
MY DEPENDENT HAD A JOB
If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on...
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MY DEPENDENT HAD A JOB
If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on your own return. He/she can file his own return for a refund of some of his withheld wages from boxes 2 or 17 (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return. (Supervise this closely or prepare it for him!)
If your dependent’s earnings were over $400 and were reported on a 1099Misc or 1099NEC then he must file a return and pay self-employment tax for Social Security and Medicare.
You might also want to use free software from the IRS Free File versions:
https://apps.irs.gov/app/freeFile/
a month ago
Hello, Two Questions. Does TurboTax still not prepare a form 8621? If tax is filed online, how can i send form 8621? Do I need to do it through an amended return, done outside of the Turb...
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Hello, Two Questions. Does TurboTax still not prepare a form 8621? If tax is filed online, how can i send form 8621? Do I need to do it through an amended return, done outside of the TurboTax system? Thank you, Jim
a month ago
in turbo tax for 2025
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a month ago
I found an error in the Turbo Tax calculation for state filing for 2025. Oklahoma is supposed to not count military pay as taxable. I enter the military pay but I'm taxed as if it is taxable. So ...
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I found an error in the Turbo Tax calculation for state filing for 2025. Oklahoma is supposed to not count military pay as taxable. I enter the military pay but I'm taxed as if it is taxable. So I end up owing a large amount to the state. My issue: I made $3K in non-military pay (taxable income), and about $50K in military pay (non-taxable income). Turbo Tax is telling me I owe the state of Oklahoma over $1700 in state taxes (over 50% of my taxable income). That doesn't make sense and its not logical. I entered it as military pay, but Turbo Tax is mistakenly counting it as taxable income. The only way I can get around it is to deduct the $50K in military pay from my total income for the state (basically not report it on the state filings). It makes me think that in past years I've been overpaying the state taxes.
a month ago
HOW DO I get a copy of my 2021 tax report ???
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a month ago
I'm trying to import both my wife and my 1099-DIV from ComputerShare. It imports mine OK, but then when I try to import my wife's using her last name, SSN, zip, and control number, it gets the file ...
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I'm trying to import both my wife and my 1099-DIV from ComputerShare. It imports mine OK, but then when I try to import my wife's using her last name, SSN, zip, and control number, it gets the file but then it wipes out my previous import. Opposite thing happens if I do hers first and then get mine, it wipes out hers. There isn't any option to keep the previous import. I even tried to do hers as a 'Add' investment account but it does the same thing. The only way I can do it is to had hers as a manual entry skipping the import. Why can't we download the files when it's under either one of our names???
a month ago
You received an email that we cannot see that tells you why your tax return was rejected.
Some rejected returns can be fixed and re-filed. Some have “un-fixable” reasons for the rejection and ha...
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You received an email that we cannot see that tells you why your tax return was rejected.
Some rejected returns can be fixed and re-filed. Some have “un-fixable” reasons for the rejection and have to be mailed instead.
What is the rejection code or rejection message?
If it was rejected for AGI—-your 2024 AGI might not be in the IRS system if you filed late. Try using zero instead.
If filing with zero is rejected then file again but select the option that you did not file last year. The IRS does not see that question and it will allow you to e-file with no AGI question.
https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311
If that does not work and you still cannot e-file, then print, sign, and mail your tax return.
a month ago
This is definitely a TurboTax bug; someone from Intuit helped me out in a different thread. I had to dig into the TurboTax bowels and delete my 1099-SA data and start over, and then the New button st...
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This is definitely a TurboTax bug; someone from Intuit helped me out in a different thread. I had to dig into the TurboTax bowels and delete my 1099-SA data and start over, and then the New button started working. https://ttlc.intuit.com/community/taxes/discussion/re-how-can-i-add-more-than-one-1099-sa-the-add-button-just-overwrites-my-first-one/01/3778184#M1404215
a month ago
1 Cheer
How you account for the exclusion depends on whether box 2b (taxable amount not determined) is checked.
If box 2b is checked
Enter the appropriate taxable amount in box 2a of the Enter...
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How you account for the exclusion depends on whether box 2b (taxable amount not determined) is checked.
If box 2b is checked
Enter the appropriate taxable amount in box 2a of the Enter your 1099-R details screen.
Enter the amount in box 1 as it's shown on your 1099-R.
Subtract your documented housing expenses from the gross. distribution amount in box 1 and enter the result or zero (whichever is greater) in Box 2a - Taxable amount.
Check Taxable amount not determined box is checked in the box 2b section.
Enter the rest of your 1099-R as you see it.
If box 2b is not checked
Enter your 1099-R exactly as you see it and complete the 1099-R section.
Search for other reportable income and then select the Jump to link in the search results.
Answer No to Did you receive any other wages? and select Continue.
Scroll all the way to the bottom of the Let's Work on Any Miscellaneous Income screen and select Start next to Other Reportable Income.
Answer Yes to Any Other Taxable Income?
On the Other Taxable Income screen, type Clergy Housing Allowance in the description and enter your documented housing expenses as a negative number up to the amount reported in Box 2a Taxable Amount (precede the expenses with a minus sign, like -10,000).
This will remove the nontaxable portion from the distribution reported on your 1099-R.
In TurboTax Online, report the IRS form 1099-R by following these steps:
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & income.
Scroll down to Retirement Plans Social Security. Click the down arrow to the right.
Click Start / Revisit to the right of IRA 401K Pension Plan Withdrawals.
At the screen Did you get a 1099-R in 2025?, select Yes.
See this TurboTax Help.
a month ago
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS. ...
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TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS.
First, check your e-file status to see if your return was accepted:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
To track your state refund:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh
.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act. Do not expect your refund before early March
https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US
Note: “Accepted” is not the same as “approved”. TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing. Only the IRS can approve of the refund, which is a later stage of processing. If the IRS approves your refund they will provide a date for the refund to be issued.
FROM THE IRS WHERE’S MY REFUND SITE:
https://www.irs.gov/wheres-my-refund
How it works
Where's My Refund shows your refund status:
Return Received – We received your return and are processing it.
Refund Approved – We approved your refund and are preparing to issue it by the date shown.
Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.
a month ago
, Enter at Educational Expenses and Scholarships, under Deductions and credits (not the income section).
After answering no to having a 1098-T*, answer yes to qualifying for an exception (that gets...
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, Enter at Educational Expenses and Scholarships, under Deductions and credits (not the income section).
After answering no to having a 1098-T*, answer yes to qualifying for an exception (that gets you to the entry screens). You will have to go thru the whole education interview to get to the scholarship screen. At the scholarship screen, enter the amount of the grant. When asked if any was used for room and board, answer yes. Then enter the amount you want to be taxable (usually all of it), in the pop up box. R&B are not "qualified educational expenses". So, this is how you tell TT that it is taxable. Note the wording at that screen “or other expenses”. You didn’t have to literally use the scholarship for R&B. This will put it on line 8r of Schedule 1 (this line was added in 2022).
*If you do have a 1098-T, one of the follow-up questions will be do you have any scholarships not shown on the 1098-T. Enter the additional scholarship/stipend there.
Scholarships that pay for qualified educational expenses (QEE - tuition, fees, books and other course materials) is tax free. Scholarship amounts that exceed QEE is taxable income, on the student’s tax return. Room & board are not QEE.
If box 5 of the 1098-T exceeds box 1, TurboTax (TT) will treat the difference as taxable income, unless you enter additional QEE at books and other expenses.
a month ago
when I click the "Add" button it just overwrites the prior 1099-SA
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