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

To clarify, did your wife make nondeductible contribution and therefore had a basis in the traditional IRA? Please see Who Must File 2025 Form 8606 for additional information.   To enter the QCD:... See more...
To clarify, did your wife make nondeductible contribution and therefore had a basis in the traditional IRA? Please see Who Must File 2025 Form 8606 for additional information.   To enter the QCD:   Click on "Search" on the top right and type “1099-R” Click on “Jump to 1099-R” and enter your 1099-R On the "Do any of these situations apply to you?" screen select "I transferred all or part of this money directly to charity" Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen Continue until "How much of this distribution applied to your December 31, 2025 RMD?" screen and select "The entire distribution was an RMD"  /or select "Some of this distribution was a RMD" and enter the amount of RMD (if this distribution includes RMD for other IRA accounts then you included the amount here) Enter how much your transferred to charity    
@dstautz1  while I do not have the details of your situation ( if you could provide more details either here in this thread or PM -- just NO PII -- Personally Identifiable Information), the foreign t... See more...
@dstautz1  while I do not have the details of your situation ( if you could provide more details either here in this thread or PM -- just NO PII -- Personally Identifiable Information), the foreign tax credit is a Non-Refundable Credit.   Thus all it can do is to reduce your tax liability  i.e.  if your tax liability before applying the FT is US$199, then only US$199 of the available  credit will be used ( and without form 1116, the rest is lost ).  Form 1116 applies a further limit -- it is lesser of actual amount paid and that imposed  by the US using an allocation process  substantially based on ratio of Foreign source income to World income.   Does this explain your issue ?   Is there more I can do for you ?
Used to work on the PC version. That no longer seems to be the case since they revamped the interface (made it worse, imo)  As far as I know, it never worked in the version on the Mac.
The 1040X for Amending a 2025 return should be available by March 4th.  Make sure you save a copy of your original filed return, and that you've received your Refund or your payment for Balance Due h... See more...
The 1040X for Amending a 2025 return should be available by March 4th.  Make sure you save a copy of your original filed return, and that you've received your Refund or your payment for Balance Due has been processed before submitting an amendment.    There's no rush to file an Amended Return; it takes up to 12 weeks to process and won't catch up to or correct your original return; it's processed separately.   @dileshdave 
I'm using the Windows Desktop version. 1099-DIV was downloaded from Fidelity.   I shut down yesterday and reopened today.  Now the dividends are showing properly in both the form view and step-by-... See more...
I'm using the Windows Desktop version. 1099-DIV was downloaded from Fidelity.   I shut down yesterday and reopened today.  Now the dividends are showing properly in both the form view and step-by-step view.   Thanks for your reply.
if you're not seeing ES summary page and vouchers in your return it could be that Turbotax has determined you don't owe it.   In Forms mode go to Open Form then "Estimated Tax Payment Options" if t... See more...
if you're not seeing ES summary page and vouchers in your return it could be that Turbotax has determined you don't owe it.   In Forms mode go to Open Form then "Estimated Tax Payment Options" if the form "Est Tax Options" is not in the list by default and that will show you what is going on.   Turbotax by default will assume safe harbor calculation based on 100/110% of 2025 tax and that your 2026 withholding will be the same as 2025.   Under Other Tax Situations / Form W4 and Estimated Taxes you can work through options if needed.
If you are going to add information to your return from documents you have downloaded, such as a Form 1099-B:   TurboTax Online/Mobile: Go to the 1099-B screen under Wages & Income. TurboTa... See more...
If you are going to add information to your return from documents you have downloaded, such as a Form 1099-B:   TurboTax Online/Mobile: Go to the 1099-B screen under Wages & Income. TurboTax Desktop: Go to Federal Taxes. Go to Wages & Income.  If asked How do you want to enter…?, select I’ll choose what I work on. Under Investment Income, select Start or Update next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. Follow the onscreen instructions. When you reach Let's import your tax info, choose how you want to enter your 1099-B: To import your form, select your brokerage or financial institution from the list. Enter your sign-in credentials for your account, then select Get my form. If you don’t want to import, select Enter a different way, and on the How do you want to add your investment docs? screen, you can upload a copy of your 1099-B. See this help article for more information.  
Georgia itemized deductions for state and local income taxes paid are still limited to the 10,000 cap, because Georgia does not automatically conform to the federal law OBBBA, as a fixed-date conform... See more...
Georgia itemized deductions for state and local income taxes paid are still limited to the 10,000 cap, because Georgia does not automatically conform to the federal law OBBBA, as a fixed-date conformity state. As of the current time, the instructions for personal income tax in Georgia still require the filer to limit their income tax deduction to a 10,000 max.
Please clarify if you see your entries when you edit COGS from the summary page. Or are your entries not being saved? Also, which version of TurboTax are you using? Online or Desktop?
Looks like known issue since TT 2023?   https://ttlc.intuit.com/community/tax-credits-deductions/discussion/mortgage-interest-deductions-on-refinanced-pre-2017-loan-zeroing-out/00/3281405   When ... See more...
Looks like known issue since TT 2023?   https://ttlc.intuit.com/community/tax-credits-deductions/discussion/mortgage-interest-deductions-on-refinanced-pre-2017-loan-zeroing-out/00/3281405   When can we get this fixed?
Your address on those tax forms has no impact on which state the income belongs (was earned in).  The only purpose it serves is to identify where to deliver the mail.  For a W-2, income is identified... See more...
Your address on those tax forms has no impact on which state the income belongs (was earned in).  The only purpose it serves is to identify where to deliver the mail.  For a W-2, income is identified with a state in boxes 15, 16, & 17.  However, that is not always accurate.  You will probably have to allocate income to New Jersey according to where it was earned in the state tax section of the program.  
Here are the specifics:   1. My family has a trust that pays out monthly distributions that are profits paid out from income made from a TIC shopping mall.  2. The trust receives a K-1 and the tru... See more...
Here are the specifics:   1. My family has a trust that pays out monthly distributions that are profits paid out from income made from a TIC shopping mall.  2. The trust receives a K-1 and the trust pays taxes on this monthly distribution. 3.Currently the beneficiaries of the trust are also paying taxes on their % of this distribution 4. Is it correct that both the Trust and the beneficiaries pay taxes on the monthly distributions?  Seems like taxes are being paid twice for the same distribution paid.  5. The trust only acts a the collector and distributor of these monies.     Thank you in advance to anyone that can help on this.  Best 
We have tested entering a Rental Property sale but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue.   ... See more...
We have tested entering a Rental Property sale but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file that is experiencing this issue.   You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, please follow these instructions:    In TurboTax Online, open your return, go to the black panel on the left side of your program and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center. On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. You may wish to snap a screenshot to post instead of the actual number. Reply to this thread with your Token number (including the dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important. If you are using TurboTax for Desktop, go to Online in the top menu, then choose "Send Tax File to Agent."   We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.    @shallakoclark  @jcmountain2 
Stunning they would ask you to start over.  Thankfully, Intuit is dead meat as a software company.  You'll have better success answering this question through ChatGPT or Gemini.  Laughable that Intui... See more...
Stunning they would ask you to start over.  Thankfully, Intuit is dead meat as a software company.  You'll have better success answering this question through ChatGPT or Gemini.  Laughable that Intuit has their own "AI" which is probably every bit as terrible as their software.   I have used Turbotax for thirty years, and they haven't updated the architecture much at all in all those years.  I also use Quickbooks and Payroll, and in all my years, I can't think of any company that treats its customers worse than Intuit.  Just for fun, I entered last year's 1065 and this year's financial statements into Gemini, and asked it to pull the IRS forms and prepare this year's tax return.  It actually got pretty close.  After that happens, I can't wait to see Intuit shrivel and wither away.     
You will need this information when figuring and entering your foreign tax credit amount into the software, as either a credit or a deduction. You may need to verify your 1099-DIV, 1099-INT, and 1099... See more...
You will need this information when figuring and entering your foreign tax credit amount into the software, as either a credit or a deduction. You may need to verify your 1099-DIV, 1099-INT, and 1099-B statements report similar foreign tax withholdings. From there, the input instructions: To see when Form 1116 will become available in TurboTax, check form availability on this page. Both the credit and the deduction are entered in the same place. Here's what you do: Enter all your foreign income in the Wages & Income section if you haven't already Navigate to the foreign tax credit section: TurboTax Online/Mobile: Go to the foreign tax credit screenunder Deductions & Creditsunder Deductions & Creditsunder Deductions & Credits TurboTax Desktop: Search for foreign tax credit and select the Jump to link or, Go to Federal Taxes. If asked, How do you want to enter your deductions and credits?, select I'll choose what I work on. Under Estimates and Other Taxes Paid, select Start or Update next to Foreign Taxes. When you reach the screen Do You Want the Deduction or the Credit? select the option you prefer for your situation Further instructions for the credit or deduction options are found here: Where do I enter the foreign tax credit (Form 1116) or deduction?   More info: TurboTax - Claiming the Foreign Tax Credit with Form 1116 TurboTax - What does or doesn't qualify for the Foreign Tax Credit? IRS - Foreign Tax Credit – How to figure the credit
I am using the 2025 TurboTax Business desktop program to file my federal S-Corp return.  NJ requires me to file a NJ C-Corp return because I am not registered as an S-Corp state filer. When I try to ... See more...
I am using the 2025 TurboTax Business desktop program to file my federal S-Corp return.  NJ requires me to file a NJ C-Corp return because I am not registered as an S-Corp state filer. When I try to purchase the NJ C-Corp (CBT-100) return, the pull-down menu only shows the NJ S-Corp state return.  I've checked, and the NJ CBT-100 return is supposed to be available.  How can I purchase the NJ C-Corp return for TurboTax Business?  Does anyone have an idea to help me?
To enter your Form 1099-Misc that is not related to a business and to avoid the "running a business" questions, do the following:   Go to Wages & Income Click on the + Add more income box ... See more...
To enter your Form 1099-Misc that is not related to a business and to avoid the "running a business" questions, do the following:   Go to Wages & Income Click on the + Add more income box Scroll down the screen until you see Other Common Income and click the down arrow to show more Choose Add to the right of the Misc. income line Click + Add another 1099-Misc Enter the info from your Form 1099-Misc into the corresponding boxes If you need to enter boxes 4–6 or 8–17, check My form has other info in boxes 1–17 Click Continue Enter a reason for this Form 1099-Misc, (e.g. prevailing wages), then Continue Next you will see, Does one of these uncommon situations apply? Check None of these apply and Continue Did the __  involve work that's like your main job? Check, No, it didn't involve work like my main job and Continue How often did you get income for __? Check the You got it in 2025 box and Continue Did the __ involve an intent to earn money? Check, No, it didn't involve an intent to earn money and Continue
Turbo Tax is calculating my Fidelity RMD incorrectly - so I get a penalty of $2358.00, Please fix soon so I can file my taxes
Exact same problem here for me for turbotax 2025.   It worked correctly for me last year TT 2024 though.