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4 weeks ago
I cashed in $5,000 in mutual fund shares, and incorrectly reported a cost basis of $3850 last year. The actual cost basis is $54,000, so I'll be amending my return. In TurboTax, the Form 8949 now s...
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I cashed in $5,000 in mutual fund shares, and incorrectly reported a cost basis of $3850 last year. The actual cost basis is $54,000, so I'll be amending my return. In TurboTax, the Form 8949 now shows a loss of $49,000. Is that correct? I see where the $49,000 comes from, but I didn't actually lose $49,000.
4 weeks ago
We are aware that some customers are experiencing issues when trying to file but are looped back instead of being able to proceed and file.
We are currently investigating this issue. We will ...
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We are aware that some customers are experiencing issues when trying to file but are looped back instead of being able to proceed and file.
We are currently investigating this issue. We will notify you once the program is updated.
4 weeks ago
The tool on Healthcare.gov has become active since you posted your question. Column B of Form 1095-A asks you to enter the second lowest cost Silver plan (SLCSP) premium amounts. To find the second l...
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The tool on Healthcare.gov has become active since you posted your question. Column B of Form 1095-A asks you to enter the second lowest cost Silver plan (SLCSP) premium amounts. To find the second lowest cost Silver plan premium amounts for you, use this tool at Healthcare.gov. The software won't accept zeroes in Column B.
For more information on Form 1095-A, please see this TurboTax tips article and this help article.
4 weeks ago
Finally resolved, in Settings on the Activation page under System ...selected the Go To Store button which then disabled the S switch, able to run TurboTax exe from the download file.
4 weeks 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.
4 weeks ago
1 Cheer
You can print out a corrected form showing that the actual payout was zero and mail it in. There is no great rush since the original was filed on time (although the contractor may disagree if you ha...
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You can print out a corrected form showing that the actual payout was zero and mail it in. There is no great rush since the original was filed on time (although the contractor may disagree if you have issued them 2 1099s). Changing it to zero is the correct way to do it but the system isn't really ready for amended returns as yet. So just print the corrected one and mail it.
4 weeks ago
So to clarify, it's fine if I don't report anything at all? It wasn't a huge amount of money that I sent (a couple hundred above a 1000), so I'm not really angry about it anymore . I simply just want...
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So to clarify, it's fine if I don't report anything at all? It wasn't a huge amount of money that I sent (a couple hundred above a 1000), so I'm not really angry about it anymore . I simply just want to forget about it but I'll report something if I need to.
4 weeks ago
Are you the custodial parent? Do you have an agreement with the other parent to allow the other parent to claim them--due to divorce or that you live apart and share custody? Did one of you sign a ...
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Are you the custodial parent? Do you have an agreement with the other parent to allow the other parent to claim them--due to divorce or that you live apart and share custody? Did one of you sign a Form 8332?
If there is a signed 8332 then the custodial parent retains the right to file as Head of Household, get earned income credit and the childcare credit. The non-custodial parent gets the child tax credit for children under the age of 17. If the child is 17 or older the non-custodial parent gets the $500 credit for other dependents.
If you and the other parent have a signed agreement, you need to indicate in MY INFO that you have such an agreement.
As far as the IRS is concerned, the custodial parent is the one with whom the child spent the most nights during the tax year--at least 183 nights.
4 weeks ago
Yes, a SIMPLE IRA does qualify provided you meet the rest of the criteria.
For details, see Retirement Savings Contributions Credit (Saver’s Credit).
4 weeks ago
If you need to prepare a return for an Scorps you need TurboTax Business on a Windows PC. You also need software for the personal returns---they cannot be prepared using TT Business. TT Business...
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If you need to prepare a return for an Scorps you need TurboTax Business on a Windows PC. You also need software for the personal returns---they cannot be prepared using TT Business. TT Business can be used with Windows 10 or 11; 2025 desktop download for personal returns requires Windows 11.
https://turbotax.intuit.com/small-business-taxes/cd-download/
2025 TURBOTAX
DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)
https://turbotax.intuit.com/personal-taxes/cd-download/
You can also purchase the desktop download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.
This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.
When you use desktop software, there is an additional fee to e-file a state return. You can avoid that fee if you print, sign and mail the state return.
4 weeks ago
Thank you Amy, that is good but does not address more than one acre. I have a little over 4 acres but turbotax does not address an appropriate formula so I get penalized each year plus interest for...
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Thank you Amy, that is good but does not address more than one acre. I have a little over 4 acres but turbotax does not address an appropriate formula so I get penalized each year plus interest for taking the deduction. I suggest another line question in TT. Surely, I am not the only disabled vet in Wisconsin who owns over 1 acre.
4 weeks ago
Per the divorce decree my kids spend well over 50% of the time (about 70/30) with me however it also states that he gets to claim them as dependents on his taxes every year (I know I was hoodwinked)....
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Per the divorce decree my kids spend well over 50% of the time (about 70/30) with me however it also states that he gets to claim them as dependents on his taxes every year (I know I was hoodwinked). I am the custodial parent. I pay for more than half of their expenses. I know I can't claim them as dependents on my taxes in the usual way, but can I still get a tax break as a HOH in another way? For context we have 2 who were both minors in 2025
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4 weeks ago
Can you clarify your question and provide more details? @Mxavier124
4 weeks ago
I’ve been trying for over a week to try to file and spoke to multiple reps and googled every question to get an answer from TurboTax as to why I still can’t use that option to pay with my refund and ...
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I’ve been trying for over a week to try to file and spoke to multiple reps and googled every question to get an answer from TurboTax as to why I still can’t use that option to pay with my refund and I have enough to cover the fees and I have gone over all my tax forms and even started over the filing process and still got the same notice saying I am not eligible to use this option with no explanation and every rep I have spoken to say it’s a glitch and going through this page trying to find answers I see the same response from a supposedly tax expert but no explanation to why it’s not letting me pay with my refund and I have been using this service for over 10 yrs. And no the fees are not $40-$45 it’s almost $200 in fees, turbo tax is a liar.
4 weeks ago
Darn I just refiled with H&R block. My state refund amount was less than with TurboTax by like $100 and something bucks so that kind of sucks
4 weeks ago
Anexo le envio liga donde le da instrucciones de como ingresar su Tiempo Extra en TurboTax; ¿Cómo ingreso el pago de horas extras en TurboTax Online?
4 weeks ago
1 Cheer
I tried this but no matter what number I put in (we only get 1099-Rs) I can't get to the EIC form. The online version only tells me we don't qualify. Do you have another work around? How will th...
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I tried this but no matter what number I put in (we only get 1099-Rs) I can't get to the EIC form. The online version only tells me we don't qualify. Do you have another work around? How will this actually affect the return/refund if the box is unchecked. This is a huge glitch for the online version of 2025 TurboTax
4 weeks ago
To file the tax return for your S-Corp, you'll need TurboTax Business. This is a different program used to file tax returns for LLCs, S-Corps, C-Corps and trusts, and is in addition to the TurboTax s...
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To file the tax return for your S-Corp, you'll need TurboTax Business. This is a different program used to file tax returns for LLCs, S-Corps, C-Corps and trusts, and is in addition to the TurboTax software you currently use for your personal returns.
You can purchase TurboTax Business CD/Download from this page.
4 weeks ago
Double check question 11 of my 1040 form
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4 weeks ago
The first place to check is to check your purchase invoice, manufacturer certification statement, or contact the installer.
You can also check the IRS list of registered manufacturers.