All Posts

Gambling losses are only deductible if you itemize your deductions on your federal return, and they are also limited up to the amount of your winnings.     If you decide to itemize, to claim your losses, you would have to enter them in your itemized deductions section of your federal return.  TurboTax will transfer your itemized deductions to your Oklahoma return.     Can I deduct my gambling losses?

Q. Is there a way for me to manually enter this amount? A. It depends on whether you are just trying to report taxable scholarship or also trying to claim the tuition credit, on the student's return, rather that he parent's separate tax return.     If just trying to report taxable scholarship, on the student's return, enter the 1098-T with 0 in box 1 and the manually calculated taxable amount of scholarship in box 5.     Otherwise, you are doing it the right way, allocate the taxable amount to room & board.  There was a glitch earlier, but it has supposedly been fixed.  Be sure you're  updated. 

The SSI and SSDI goes on line 1 and line 2. Line 5 say to add lines 2-4 to equal the amount on line 1. It is for record keeping. This is a worksheet to help you figure it out. It is not a tax form, it is just a way to help you figure out if you paid more than half of the support.  Vacations are support, if you pay for it instead of the ABLE account.   I agree with what Diane said If the money remains in the account until Dec 31 - it is not used for support. A nuance -If the money was contributed by you or other's and removed the same year, it is not support provided by the child.   For you to claim your dependent, putting the SSI and SSDI into the ABLE account and having it stay there will help you use your expenses to claim support.   My apologies, I thought you were just asking about the ABLE account. I edited my first post. Let me give you: Examples from Pub 501 to go with the support worksheet Qualifying Disability Expenses

Thank you for your detailed reply.    My version of TurboTax works differently than you describe. Your Step 1 using the search function just opens up Intuit's idiotic Digital Assistant.    When I correctly entered taxable social security benefits (Form 1040SR Line 6b) instead of entering social security benefits (Form 1040SR Line 6a), my problem was resolved.

You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.   If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.   Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.     If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.     Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed   The Form 1040X you need becomes available in late February,  But wait until your return has been processed.

If you want to deduct losses from it, you would need to report it as gambling winnings. Otherwise, you can report it by making the 1099-MISC entry as "Other Income". If you use the standard deduction, you cannot deduct your gambling losses.   If you enter the 1099-MISC as other income, you need to indicate that you did not have a profit motive associated with your winnings, you only earned the money in the current year and that it is not associated with your job. Otherwise, TurboTax will treat it as self-employment income and assess self-employment tax on it.

Try deleting the state and starting over. It shouldn't take long to get all the information back for the state because most of the data feeds from the federal screen.  Troubleshooting State Issues  How to delete state tax return If this doesn't resolve the issue, let us know.

TurboTax offers a 60-day money-back guarantee for desktop software.  For information on how to request a refund see the following TurboTax Help Article:   How do I request a refund for my TurboTax product?    TurboTax Desktop 2024 for Mac requires macOS Ventura 13 or later (including Sonoma 14 or Sequoia 15). It requires a 64-bit Intel or Apple Silicon processor, at least 4 GB of RAM, and 1 GB of hard drive space.  macOS Monterey 12 is not supported.    

Well....you cannot ever claim a spouse as a dependent, so hope you did not actually do that.   You can file a joint return even if one spouse has little or no income---did you file jointly?    If so, the AGI on line 11 of your 2024 Form 1040 is the same for each of you.   Enter that same amount for your spouse.

You should have a form 1099-R; do you have it?   You'll get a Form 1099-R if you received $10 or more from a retirement plan.  Once you have that, you enter it in the retirement income section of TurboTax.   Where do I enter a 1099-R?  

It's worth a shot.  Make sure to file your late s-election request correctly and with the proper verbiage to avoid another rejection.  You can file Form 2553 with a late election, with or without the 2025 1120S return.  I would recommend that you file it with your 2025 1120S return so that the IRS can go ahead and process it right then and there.  It is also recommended that you efile the 1120S w/ Form 2553 attached for faster processing.  I would hold off on filing your 2025 personal return until you get confirmation from the IRS.  Here's a link that gives more information on how to make a proper Late S-election request; Relief for Late Elections.

 To be eligible for the tuition credits, the course must be taken at "an eligible institution". The school should be able to tell you if it is an eligible educational institution. In general, an eligible educational institution is an accredited college, university, vocational school, or other postsecondary educational institution, including accredited, public, nonprofit, and proprietary (privately-owned, profit-making) postsecondary institutions. Additionally, in order to be an eligible educational institution, the school must be eligible to participate in a student aid program administered by the Department of Education. If they issue a 1098-T they are probably an eligible institution. Enter your school at the link below, to see if it's on the dept. of education list.    https://www.savingforcollege.com/eligible-institutions      If your school is on the list, after answering no to the question, Did you receive a 1098-T, you will be ask if you qualify for an exception.  Answer yes.  TurboTax will then give you the screens to enter your expenses. 

The iRS is not mailing refund checks this year.  They want you to have a direct deposit.   If you do not have an account for a direct deposit, they will eventually mail you a check but your refund will be delayed for weeks.   https://www.taxpayeradvocate.irs.gov/news/tax-tips/direct-deposit-changes-for-2026-could-affect-how-and-when-you-get-your-refund/2026/01/