turbotax icon
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

Yeah I have been using TurboTax for over 20 years and this is the 1st year I went to someone else over this issue. Probably won't be using TurboTax ever again.
You should probably check out this thread.   https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/nua-stock-sale-and-3-8-niit/01/3075360   Something that I hadn't consid... See more...
You should probably check out this thread.   https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/nua-stock-sale-and-3-8-niit/01/3075360   Something that I hadn't considered is that the NUA should be exempt from NIIT.   It looks to me that you might have to use forms mode of a desktop version of TurboTax to make an entry of $12,200 on the Form 8960 Worksheet line 5b Adjustment for gain or loss on dispositions.  This will put -$12,200 on line 5b of Form 8960.  (If your income is not high enough to subject you to NIIT such that your tax return does not include Form 8960, you don't need to do this.)
Whoever is receiving the rent income would have to file a Schedule E to report it on their tax return.
That question is in the middle of the dependent interview, so you can't go directly to that specific question.   Go back to the My Info section, scroll down to dependents and click on Edit next to th... See more...
That question is in the middle of the dependent interview, so you can't go directly to that specific question.   Go back to the My Info section, scroll down to dependents and click on Edit next to the dependent you need to edit.   Then slowly go back through the questions.   You may want to delete the entry completely and re-enter the dependent from scratch.   How do I add or remove a dependent?
Same issue here! Very frustrating!!
Hi everyone!   I’ve read a few forms addressing this similar question, but I can’t wrap my head around what I’m supposed to do for my specific situation. I transferred $15k from my 401k to a Tradit... See more...
Hi everyone!   I’ve read a few forms addressing this similar question, but I can’t wrap my head around what I’m supposed to do for my specific situation. I transferred $15k from my 401k to a Traditional IRA and then rolled it over to a Roth IRA. I received a 1099-R for the Roth IRA. Box 1 and 2a are both $15k, both boxes for 2a are checked: taxable amount not determined and total distribution, box 7 has the number 2. What is my basis, is it $0 or $15k?!? And can you please explain it as simple as possible!   TIA!!!
Print it, sign and date it in ink, and mail It in.       Use a mailing service like certified mail  to track so you will know it was received since you will have a long wait.   Do not expec... See more...
Print it, sign and date it in ink, and mail It in.       Use a mailing service like certified mail  to track so you will know it was received since you will have a long wait.   Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/filing/wheres-my-amended-return  
Exactly what amount was lowered? Do you mean the refund on line 35a of your 2025 Form 1040? Or are you talking about the amount you actually received, which could be less than line 35a? An offset wou... See more...
Exactly what amount was lowered? Do you mean the refund on line 35a of your 2025 Form 1040? Or are you talking about the amount you actually received, which could be less than line 35a? An offset would not be reflected on your Form 1040. And what are you comparing it to? Line 35a on your 2024 Form 1040? If line 35a on your 2025 tax return is significantly lower than line 35a on your 2024 tax return, compare the two 1040 forms line by line to see where the significant differences are.  
Your are mainly concerned about your self-employment income, as you will have tax withheld from your salary wages. You can use the estimated tax tool in TurboTax to get an estimate. You will find tha... See more...
Your are mainly concerned about your self-employment income, as you will have tax withheld from your salary wages. You can use the estimated tax tool in TurboTax to get an estimate. You will find that in the Other Tax Situations tab, and then Other Tax Forms and then Form W-4 and estimated taxes. You can also look up your marginal tax rate here based on your estimated taxable income and tack on another 15% on your self-employment income for self-employment tax purposes.
If you're not itemizing deductions, enter your gambling winnings/losses as @DianeW777 instructed.  The loss will show on Schedule A, even if you're taking the Standard Deduction, and the winnings wil... See more...
If you're not itemizing deductions, enter your gambling winnings/losses as @DianeW777 instructed.  The loss will show on Schedule A, even if you're taking the Standard Deduction, and the winnings will be properly reported as income on Schedule 1, Line 8b.   @bt324 
Please note that several users have already tried all of these steps.  INTUIT needs to get the software updated to fix this glitch.  Thank you from a very frustrated TurboTax Business desktop user.
Thanks for your reply. After I received the email that a decision would be made if I would be approved or not it was rejected I corrected the error and Tt told me that the option of the loan would be... See more...
Thanks for your reply. After I received the email that a decision would be made if I would be approved or not it was rejected I corrected the error and Tt told me that the option of the loan would be no longer available and it will default to the other disbursed method. Would it have did that?
What state are you in?  Your state tax return could sit in a pending status for up to 3 weeks, depending on your state - it is normal for time time of year.  
Just report it on your return. 
see the earlier response from TurboTax  ""We anticipate the more complex depreciation calculations within the software should be updated after February 13, 2026. These updates should include Special ... See more...
see the earlier response from TurboTax  ""We anticipate the more complex depreciation calculations within the software should be updated after February 13, 2026. These updates should include Special Depreciation carried over from prior years. Our tech team is working hard to release the updates before that date. ""
Since I imagine that interest is likely his only income for 2025, you can disregard it.  The amount is well below the amount of income that requires a taxpayer to file a tax return. 
In years past you were able to select a date that you donated pick the items you donated and it would give you a total.  Those lines would show up on tax return so if you donated 5 times you would ha... See more...
In years past you were able to select a date that you donated pick the items you donated and it would give you a total.  Those lines would show up on tax return so if you donated 5 times you would have 5 individual lines on your filling with the dates and amount donated now it looks like you just select an overall total donated for 2025 is there a way to break it out. And submit it by donation?
This worked! Interestingly, we needed to get TT-H&B installed on two 14 yrs old asus pcs upgraded from Win 10 to 11 (that alone was a real hassle only accomplished with a script work around from Git... See more...
This worked! Interestingly, we needed to get TT-H&B installed on two 14 yrs old asus pcs upgraded from Win 10 to 11 (that alone was a real hassle only accomplished with a script work around from GitHub.  This was on two totally different pcs and even in different countries.  One pc had no problem with the "Temp" folders and no issues occurred at all during the install.    For the other pc it was totally different story.   Got the "failed to run setup.exe working dir appdata\local\temp to see if this file is in the exe". Then found the "change Temp folder" fix above.  Did reassign the Temp folders to a different drive entirely (d:\Temp)  since another drive was available.   DO this fix before anything else!
No, your loan application would not have been cancelled.   To track the status of your Refund Advance and access money once approved, go to your Credit Karma Money™ account here or visit your TurboTa... See more...
No, your loan application would not have been cancelled.   To track the status of your Refund Advance and access money once approved, go to your Credit Karma Money™ account here or visit your TurboTax homepage.
Has anybody got a response yet on when this form will be available? What is the hold up?