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March 5, 2026
3:40 PM
1 Cheer
It depends. A loss is only counted on the business portion while a gain can be personal and business.
If you have a gain, you use the original 2011 purchase price
If you have a loss, you use ...
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It depends. A loss is only counted on the business portion while a gain can be personal and business.
If you have a gain, you use the original 2011 purchase price
If you have a loss, you use the FMV at conversion. You may want to look up the Blue Book value for that time frame.
I would not expect a gain on a personal vehicle - there is a much higher chance you have a business loss.
Pub 551 page 17 explains property changed to business use basis.
Pub 544 covers everything disposition related. You can use ctrl F to search terms.
March 5, 2026
3:39 PM
1 Cheer
Are you entering data directly into Forms mode? We discourage this as much as possible.
If you are unable to do this, I would look at the reasons why the State might not allow this exclusion. ...
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Are you entering data directly into Forms mode? We discourage this as much as possible.
If you are unable to do this, I would look at the reasons why the State might not allow this exclusion.
For example,
* Do not include any amount subtracted for military retirement income (see code letter u in Instruction 13) or public safety retirement income (see code letter v in Instruction 13).
* You can't claim both pensions exclusions, the standard on Line 10a and the Retired Forest/ Park/ Wildlife Ranger on Line 10b of Form 502.
* you and your spouse are not 65 (unless disabled).
* you are trying to exclude a distribution from an IRA. (Plans under Sections 401(a), 403 or 457(b) of the Internal Revenue Code only)
* and so on - see Instructions for Line 13 on page 7 in the Maryland 2025 Resident Instruction Booklet
I am not sure, but I can see TurboTax not allowing the entry on the 502, if this is not a valid amount to exclude.
March 5, 2026
3:39 PM
I did not receive a W-2 but I did get a 1098-T how do I file?
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March 5, 2026
3:39 PM
I am having the same problem. It appears it has not been fixed for 2025.
March 5, 2026
3:38 PM
I am having the same problem. It appears this has not been fixed for 2025.
March 5, 2026
3:38 PM
@Thefrg wrote: I saved .pdf files. Wasn’t the .tax2024 data file supposed to save automatically? Yes, the *.tax2024 data file is saved automatically, whether using Online TurboTax or deskto...
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@Thefrg wrote: I saved .pdf files. Wasn’t the .tax2024 data file supposed to save automatically? Yes, the *.tax2024 data file is saved automatically, whether using Online TurboTax or desktop TurboTax. If you used 2024 desktop software, the default folder for the data file (at least the Windows version) would be the Documents\TurboTax folder, but it could have been saved in another location. You can search your entire system for any file ending in *.tax2024 or you can also search for just *.tax to see if you can find the data file. And also look in the Recycle Bin and search any external storage. If you use any cloud storage like OneDrive also look there.. If you have the Windows version and have multiple Windows user accounts, such as an admin account, etc., then do the searches from within each user account.
March 5, 2026
3:37 PM
Turbo Tax program should verify when a IP PIN was used last year, and therefore needs to be used again this year. Also include the IRS address / contact information on how to view current IP PIN onl...
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Turbo Tax program should verify when a IP PIN was used last year, and therefore needs to be used again this year. Also include the IRS address / contact information on how to view current IP PIN online. This should be done before submission of taxes to IRS to avoid wasting time, especially this year as apparently IRS messed up the IP PIN numbers sent out in Jan. Also advise user that IRS doesn't send out IP PINs to folks who voluntarily got them last year - must go online to IRS to get new IP PIN every year.
March 5, 2026
3:37 PM
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March 5, 2026
3:36 PM
You need to get to the 8960 worksheet. You can select "View" and "Forms" to get into forms mode. You can select the "Open Form" icon (near top left) and search for the 8960 Worksheet (note: The wor...
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You need to get to the 8960 worksheet. You can select "View" and "Forms" to get into forms mode. You can select the "Open Form" icon (near top left) and search for the 8960 Worksheet (note: The worksheet must be edited not the actual 8960 form). Another way to get to the worksheet if it is not listed is to open the 8960 form and select the field 5B, you should then see a magnifying glass icon that will take you to the worksheet. When on the worksheet you should be able to enter a description and positive # for NUA not subject to NIIT in the bottom section of the Line 5b Adjustment area (I used my NUA per share X number of shares sold ( hope this is correct). I also checked the box (if capital gain or loss) , not sure if box should be checked. When you go back to the actual form 8960, line 5B should show a negative amount and be deducted from your capital gains with the results on line 5d.
March 5, 2026
3:36 PM
I do not want expert assistance
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March 5, 2026
3:36 PM
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March 5, 2026
3:36 PM
1 Cheer
You will need to edit your 1099-R if you receive it and it does not match what is necessary.
If you receive a 1099-R in 2027 for the 2026 tax year that includes amounts that you have already re...
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You will need to edit your 1099-R if you receive it and it does not match what is necessary.
If you receive a 1099-R in 2027 for the 2026 tax year that includes amounts that you have already reported on your 2025 tax return you will need to remove that amount from the 1099-R. You already reported it.
You can do that by just entering the correct code as though that P appeared in box 7. The TurboTax software has space for two codes in box 7. You'll enter that P even if it isn't there and the system will prompt you to enter the amount that was reported on the prior year's tax return. That way you aren't taxed on it next year.
March 5, 2026
3:35 PM
You can go back to Deductions & Credits >> Medical, then 1095-A to tell TurboTax you did NOT have a 1095-A. If you erroneously started one, you may need to delete it and Form 8962.
You can also ...
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You can go back to Deductions & Credits >> Medical, then 1095-A to tell TurboTax you did NOT have a 1095-A. If you erroneously started one, you may need to delete it and Form 8962.
You can also search for 1095-A and use the Jump to 1095-A link to be taken to that section. When you go to enter a 1095-A form, the first question is whether or not you had Obamacare. Where do I enter my 1095-A?
How to delete forms in TurboTax Online
How to delete forms in TurboTax Desktop
March 5, 2026
3:34 PM
Can someone from TT confirm that it's a bug and provide an estimate for the fix?
March 5, 2026
3:33 PM
Thanks @Vanessa A for the response. I do not have joint occupancy. Should it still be making the incorrect calculation for me?
March 5, 2026
3:33 PM
Desktop Deluxe 2025 When you print out your 2025 tax return with Turbotax there are some informational pages at the beginning of the document before the actual federal tax returns. One of the th...
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Desktop Deluxe 2025 When you print out your 2025 tax return with Turbotax there are some informational pages at the beginning of the document before the actual federal tax returns. One of the things listed on these pages in the section called "2025 Federal Tax Return Summary" is called the "Effective Tax Rate." The standard definition of effective tax rate is Total Tax divided by Taxable Income. But when you make this calculation using the "Total Tax" and "Taxable Income" given in that same section, the result doesn't equal the result yielded by that standard definition of effective tax rate. I've noticed this in previous years as well. So what calculation is used to calculate the "Effective Tax Rate" given in this section?
March 5, 2026
3:31 PM
You may need to return to your self-employed business and look for the Home Office topic. If an entry has been made, delete it. Or answer "No," that you do not have a home office.
March 5, 2026
3:31 PM
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March 5, 2026
3:29 PM
This was not an import problem. The entries for the 1099-Rs were all done manually. As already noted I fixed this by deleting all the 1099-Rs and entering them again in a different order. That res...
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This was not an import problem. The entries for the 1099-Rs were all done manually. As already noted I fixed this by deleting all the 1099-Rs and entering them again in a different order. That resolved the problem
March 5, 2026
3:29 PM
Are you asking about box 7 codes on a 1099-R? @cwinans What do all the codes in Box 7 of the 1099-R mean? Code 9 – Cost of current life insurance protection Code D – Annuity payments fro...
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Are you asking about box 7 codes on a 1099-R? @cwinans What do all the codes in Box 7 of the 1099-R mean? Code 9 – Cost of current life insurance protection Code D – Annuity payments from nonqualified annuities and distributions from life insurance contracts that may be subject to section 1411 taxes Code 7 - Normal distribution