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4 weeks ago
Let’s see tax forms and rules are IRS defined not by Intuit or any preparer. So no, the Online software does not make any different calculations or fill any different forms than the PC version. The...
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Let’s see tax forms and rules are IRS defined not by Intuit or any preparer. So no, the Online software does not make any different calculations or fill any different forms than the PC version. Therefore, they should cost the same. PC version $70 Online version $140 Why 2x price different?
4 weeks ago
We have passive income losses from rental properties occurred in 2024 and plan to rollover these passive losses in our personal tax return form 1040 (TT premier) for 2025 tax year due to depreciation...
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We have passive income losses from rental properties occurred in 2024 and plan to rollover these passive losses in our personal tax return form 1040 (TT premier) for 2025 tax year due to depreciations and rental expenses were exceeding rental income. In 2025, we decided to put these properties in partnership LLC. However, I'm still getting form 1098 mortgage interest statements from lenders as expected. I didn't want to trigger a taxable event should I decide to transfer rentals into an LLC. Question is should I continue filing rental income/expense/mortgage interests including prior year passive losses this year and form 1040 OR rollover rental passive losses including incurred last year expenses, depreciation and mortgage interests (while it is in my name) onto the new LLC and form 1065 (TT business)? I think the latter is quite confusing due to a) mortgage interests are in my name and b) passive losses from depreciation were previously reported at personal level return. My end goal is to avoid unnecessary risk from being audited.
4 weeks ago
According to our information, this issue has been fixed.
You will need to update your desktop software.
You should now be able to Efile.
4 weeks ago
Yes. CT - MFJ or JFS - allows you to file separately or jointly to determine the lowest tax for you. See CT Income Tax Dashboard - Filing Status | Connecticut Data
NC - MFS See Your Filing Statu...
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Yes. CT - MFJ or JFS - allows you to file separately or jointly to determine the lowest tax for you. See CT Income Tax Dashboard - Filing Status | Connecticut Data
NC - MFS See Your Filing Status - Individual Income Tax follows federal unless you have an exception, which you do. Only one spouse had income there.
4 weeks ago
1 Cheer
Hi - just wanted to expand/share - I just installed TTax desktop and refused to open. Tried several times and no go. Came across this posting and did it - went to the official channel: https://lear...
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Hi - just wanted to expand/share - I just installed TTax desktop and refused to open. Tried several times and no go. Came across this posting and did it - went to the official channel: https://learn.microsoft.com/en-us/cpp/windows/latest-supported-vc-redist?view=msvc-170. Got the latest X64 package which contains both ARM64 and X64 (mine), https://aka.ms/vc14/vc_redist.x64.exe installed it, and the program opens as expected - good luck all.
4 weeks ago
Yes. I am assuming you are talking about the Itemized deduction section. The supplemental Medicare insurance is included in additional medical insurance for itemized deductions.
Your health ...
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Yes. I am assuming you are talking about the Itemized deduction section. The supplemental Medicare insurance is included in additional medical insurance for itemized deductions.
Your health insurance and all medical expenses are only deductible for the amount that is over 7.5% of your AGI. This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.
Itemized expenses include mortgage interest, gambling losses up to 90% or up to winnings (whichever is less), charitable contributions, state and local taxes up to $40,000, medical expenses in excess of 7.5% of your AGI and federally declared disaster casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.
Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.
The 2025 Standard Deductions are as follows:
Married Filing Joint (MFJ) $31,500
Married Filing Separate (MFS) $15,750
Head of Household (HOH) $23,625
Single $15,750
Blind or over 65 and MFJ or MFS add $1,600
Single or HOH if blind or over 65 add $2.000
(Edited 2/5/26@4:52AM)
4 weeks ago
1 Cheer
Medicare Supplement Insurance (Also known as Medigap) is a valid medical expense. You can deduct the premiums paid for this insurance as an itemized medical deduction on Schedule A.
4 weeks ago
If you are paying out of pocket for a supplemental insurance plan, vision or dental plan, or "Medicare Advantage" plan, etc. you can enter those premiums as a medical expense. If you get Social Se...
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If you are paying out of pocket for a supplemental insurance plan, vision or dental plan, or "Medicare Advantage" plan, etc. you can enter those premiums as a medical expense. If you get Social Security benefits, the amount deducted from your Social Security is on your SSA1099; when you enter the SSA1099, that amount automatically flows to the medical expense section of the software, so do not enter that again.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
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)
4 weeks ago
I'm doing taxes in 2025 with Turbo Tax and this is still happening - it's deducting California taxes from EE Bonds. I've deleted the form several times. It keeps coming back.
4 weeks ago
1 Cheer
It looks like you misunderstood the Deductions & Credits summary page. You pointed to the Sales Tax line as being incorrect. But the Sales Tax line shows the sales tax amount, whether it's larger or ...
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It looks like you misunderstood the Deductions & Credits summary page. You pointed to the Sales Tax line as being incorrect. But the Sales Tax line shows the sales tax amount, whether it's larger or smaller than the state and local income tax. The Sales Tax line on the summary screen is not supposed to show the amount that is being deducted. It just always shows the sales tax. This is not a bug. It's displaying what it's supposed to display. The Deductions & Credits summary screen is not supposed to show the amount of the deduction.
4 weeks ago
Here's more info on Transferring a Prior Year Return and Finding a Tax File on Your Computer.
4 weeks ago
Yes, it is. Make sure you are entering your 1099-R as it appears. You will be asked follow up questions about your QCD after you have entered the form as is.
To report a qualified chari...
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Yes, it is. Make sure you are entering your 1099-R as it appears. You will be asked follow up questions about your QCD after you have entered the form as is.
To report a qualified charitable distribution on your Form 1040 tax return, you'll use the 1099-R (even though there's no indication that it was a QCD). Enter the info as a 1099-R and you'll be asked in one of the follow-up questions if it was a Qualified Charitable Distribution.
TurboTax includes the full amount of the distribution reported on your Form 1099-R on line 4a (IRA Distributions) of your Form 1040 or 1040-SR. The taxable amount reported on Line 4b will be the total distribution less the QCD amount and will have "QCD" entered next to it. Rules and Qualifications for QCD - Qualified Charitable Donations
4 weeks ago
If you can give some details about your issue, we'll try to help.
@pbtaxpayer
4 weeks ago
You enter the total amount for the year. If you have a letter from the church, use the amount on the letter. Otherwise use the amount that was actually deducted from your bank account during the ye...
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You enter the total amount for the year. If you have a letter from the church, use the amount on the letter. Otherwise use the amount that was actually deducted from your bank account during the year (the December 31 draft would not qualify).
According to the IRS, to deduct a cash contribution, regardless of the amount, you must have (and keep) one of the following:
1. Bank record that shows the name of the qualified organization, the date of the contribution, and the amount of the contribution. Bank records may include:
a. A canceled check.
b. A bank or credit union statement.
c. A credit card statement.
d. An electronic fund transfer receipt.
e. A scanned image of both sides of a canceled check obtained from a bank or credit union website.
2. A receipt (or a letter or other written communication such as an email) from the qualified organization showing the name of the organization, the date of the contribution, and the amount of the contribution.
3. The payroll deduction records (when applicable).
You can claim a deduction for a contribution of $250 or more only if you have a contemporaneous written acknowledgment of your contribution from the qualified organization.
If you made more than one contribution of $250 or more, you must have either a separate acknowledgment for each or one acknowledgment that lists each contribution and the date of each contribution and shows your total contributions.
Amount of contribution. In figuring whether your contribution is $250 or more, don't combine separate contributions. For example, if you gave your church $25 each week, your weekly payments don't have to be combined. Each payment is a separate contribution.
For more information see IRS Publication 526
4 weeks ago
1 Cheer
Another TurboTax shortcoming. In interview mode, there is no way to enter an "N". It can only be done in forms mode
These are instructions for using code N per 8949 instructions
You received a ...
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Another TurboTax shortcoming. In interview mode, there is no way to enter an "N". It can only be done in forms mode
These are instructions for using code N per 8949 instructions
You received a Form 1099-B or 1099-S (or substitute statement) as a nominee for the actual owner of the property (Use code) N (column (f) Report the transaction on Form 8949 as you would if you were the actual owner, but also enter any resulting gain as a negative adjustment (in parentheses) in column (g) or any resulting loss as a positive adjustment in column (g). As a result of this adjustment, the amount in column (h) should be zero. However, if you received capital gain distributions as a nominee, report them instead, as described under Capital Gain Distributions in the Instructions for Schedule D
4 weeks ago
To find out which dependent was already claimed, review your rejection code that appears when you log into your TurboTax account.
The code for someone already claimed should have two digits at ...
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To find out which dependent was already claimed, review your rejection code that appears when you log into your TurboTax account.
The code for someone already claimed should have two digits at the end (e.g. IND-XXX-01).
The last two numbers let you know the position of the dependent who was already claimed (e.g. 01 = first dependent listed on your return).
Learn more about What does my rejected return code mean and how do I fix it?
You may need to contact the Internal Revenue Service (IRS) to obtain an IP PIN if you suspect fraud, or other error.
4 weeks ago
While many tax documents arrive by January 31, some brokerages delay consolidated 1099 statements (like 1099-B) until mid-February due to account complexity. If your data isn't ready to import yet, c...
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While many tax documents arrive by January 31, some brokerages delay consolidated 1099 statements (like 1099-B) until mid-February due to account complexity. If your data isn't ready to import yet, check back in a week or two.
If you are using TurboTax Online, try importing using a different browser. Make sure any VPN or Anvi-Virus is turned off.
See the following TurboTax Help articles for potential fixes:
What if I can't import my 1099?
How can I fix my 1099 import issue?
How do I import my 1099s?
How do I enter a large number of stock transactions in TurboTax?
4 weeks ago
I've checked the worksheets which had no errors. Here's the complete response after checking the "Check E-file Status: " Description of errors: A computational error occurred in calculating the N...
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I've checked the worksheets which had no errors. Here's the complete response after checking the "Check E-file Status: " Description of errors: A computational error occurred in calculating the New York State Adjusted Gross Income on return. What needs to be done: Your New York tax return has not been e-filled successfully due to an issue affecting the reporting of your inflation refund check. This has been fixed, and the inflation refund check no longer affects your New York income tax return. Please sign in to Turbo Tax, complete a final review of your return, and e-file your New York return. If you're using a desktop version of Turbo Tax, make sure your Turbo Tax product is up to date before re-filling your return. As a result of this update, you may notice a small change to your New York tax results, such as a slightly lower refund or a slightly higher balance due. We sincerely apologize for any inconvenience this may have caused. Rest assured, we are committed to helping you file your taxes as soon as possible with confidence and that you receive your maximum refund, guaranteed." I'm reluctant to re-file my NYS taxes since there were no changes to the printed PDF forms (before vs. after). Any suggestions would be appreciated. Maybe there's a New York State Turbo Tax update in the works? I hope so.
4 weeks ago
Try updating your program today. It was announced that this issue has been fixed.
@user17699007357
@ed2012
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