All Posts

There are several kinds of 1099G's and we do not know what you have.   You might have a 1099G for unemployment benefits---which is taxable income.   Or maybe a 1099G for a state or local tax refund, which may or may not be taxable income depending on whether you itemized in 2024.   Or maybe a 1099G for Paid Family Leave......etc etc. etc.       Tell us what you have and we can help you enter it in the right place.

You will enter you estimated tax payments in the Other Tax Situations section.  Click Add more Tax Situations and you will see estimated tax payments in the Additional tax payments category.  Note, These steps are for TurboTax Online customers.   See the following link for more information on this:   Where do I enter my estimated tax payments?

Seems to be related to pop-up blocker.  Based on a response to another thread here I switched to Firefox and this time a pop-up came up to text me a code.  That did not happen with either Edge or Chrome.   Worked fine after that.

To trigger the generation of Form 8606 in TurboTax Online, in the Federal Tax section:   Select Deductions & Credits Scroll down to "Retirement and Investments" and click the down arrow to show "Traditional and Roth IRA Contributions" Click on Start or Update  On the "Tell us about your IRAs" screen indicate that you owned or contributed to a "Traditional IRA" and Continue Indicate whether or not you contributed to a Traditional IRA in 2025.  If you just want to trigger the 8606, answer No. Answer No to the question about contributing more than was allowed in 2024 or any previous year and Continue. You will see a screen with a box where you can enter the basis in your Traditional IRA as of December 31, 2024.  This should on your most recent Form 8606 listed as "Total Basis".  Enter your basis. Your return will now contain Form 8606 with your Basis.

Gambling losses can only be deducted up to the amount of the gambling winnings. Gambling winnings are reported on Form 1040 Schedule 1 on Line 8b. The amount from Part I of Schedule 1 Line 10 flows to Form 1040 Line 8. Gambling Losses are reported on Form 1040 Schedule A as a Other Itemized Deductions. Gambling losses are not a one-for-one reduction in winnings. Your total itemized deductions reported on Form 1040 Schedule A must be greater than the standard deduction for your filing status to have any tax benefit. To enter, edit or delete Gambling Winnings and Losses - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Less Common Income On Prizes, Awards, and Gambling Winnings, click the start or update button

For the capital gains tax rate to be 0, the total income on the return (including the gain), must be under $48,350 for single filers and $96,700 for married taxpayers filing a joint return.  If the total income on the return is under this amount, the capital gain income could be affecting credits or other items on the return that would reduce the refund.      

Sorry. It is phased out for EACH spouse. Fill out Sch 1-A yourself and see. It's pretty easy. Then why would they even have 2 lines 36a and 36b for spouse? IRS Schedule 1-A https://www.irs.gov/pub/irs-pdf/f1040s1a.pdf IRS EXPLANATION See IRS instructions for 1040 page 110 https://www.irs.gov/pub/irs-pdf/i1040gi.pdf If you are married and filing jointly, both you and your spouse were born before January 2, 1961, and you both have a valid SSN, the maximum amount of the enhanced deduction for seniors is $12,000. The $6,000 per person amount is reduced if your MAGI is more than the amount shown next for your filing status. It says PER PERSON. Also then why would they even have 2 lines 36a and 36b for spouse on Schedule 1-A?    

You can't do your 2024 and 2025 taxes on the same tax return.  You can however,  prepare your 2024 taxes using a 2024 TurboTax Desktop program, but not in the Online program.     You can not e-file the 2024 return.  You will have to mail it in.   Click here for How do I file my return by mail? New this year to TurboTax! You can have your 2024 tax return prepared using TurboTax Full Service. As long as you do it with your 2025 tax return.    When you select TurboTax Full Service, a dedicated tax expert will prepare your tax return(s) for you.  You will set up a welcome call with an assistant and they will answer any questions you may have. The TurboTax assistant will also confirm the documents your expert will need to prepare your taxes. You will be able to upload your documents straight from your computer, or you can use your phone to capture or scan paper documents. You can use this link, click here to start the process. Make sure to select "Prior year not filed" in the interview questions.   For additional information, click here for How do I file a prior-year tax return?   Click here for How does Full Service work? Please return to Community if you have any additional information or questions and we would be happy to help.

If you know that you have taken your required RMD for 2025, in TurboTax when you enter your 1099-R, indicate that the RMD amount was the same as the distribution amount and choose 'entire distribution was RMD'.     Although not accurate, this will prevent Form 5329 incorrectly assessing a penalty when you have multiple retirement accounts.  Neither the IRS nor TurboTax knows what your RMD should be.  The IRS assumes that your plan administrator will ensure that your RMD requirement is met, except in unusual circumstances.  When that occurs, an explanation and request for waiver of penalty are shown on Form 5329, and waiver is usually granted.   Here's more info on Form 5329.   @harveymm     

There will be a button to click on when going through the filing steps.   When you get to the How would you like to receive your federal refund? screen, select See other options then the last option: Split my refund between multiple bank accounts or U.S. savings bonds. Then select Continue.   How do I split my refund into 2 different accounts?

TurboTax hace muy simple el proceso de terminar tu presentación de impuestos, solo sigue las preguntas hasta que completes todos los pasos necesarios.  Si necesitas ayuda adicional con tu declaración puedes elegir TurboTax Live en tu declaración de impuestos para recibir ayuda de un experto bilingüe que te puede ayudar a revisar tu declaración.     ¿Cómo obtengo TurboTax Live?