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a month ago
This is currently being addressed by the development team. Once a link to sign up for updates is available, the information will be shared here.
a month ago
Does anyone have an alternate way to report this, since the previous method was removed by Turbo Tax?
a month ago
I had a software update, but this has not been fixed. What are others seeing? Why didn't they fix it if they had a software update?
a month ago
a month ago
This is still not working correctly. Average Share Price gets changed to Comparable Sales in the two worksheet forms created for stock donations.
a month ago
It depends. It sounds like your employer did not report your qualified overtime. So, you can compute this using your paystubs. The process depends on how your overtime pay is reported on your paystub...
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It depends. It sounds like your employer did not report your qualified overtime. So, you can compute this using your paystubs. The process depends on how your overtime pay is reported on your paystub.
If your overtime is all on one line, and you are paid time-and-a-half, divide the amount by 3 to compute the deductible overtime.
If the overtime premium has a separate line (and is only the half portion of the time-and-a-half) you should enter the total overtime premium as deductible overtime.
Here is an article you may find helpful: No Tax on Overtime Explained: Qualified Overtime Deduction Rules for 2025
a month ago
Topics:
a month ago
I having a same problem. Lot of information has to be imported. If I am filling by myself, there is no use of TurboTax. Please help. Thanks.
a month ago
Some Amended Returns can't be Efiled. Here's more info on Efiling Amended Returns.
@aaroneis
a month ago
@jaygourley There's a STRANGE pop-up you have to accept.....anyhow.... Others have finally succeeded by using the following (but the BRAVE browser cannot be used). From Doug34's post: ...
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@jaygourley There's a STRANGE pop-up you have to accept.....anyhow.... Others have finally succeeded by using the following (but the BRAVE browser cannot be used). From Doug34's post: "I initially ran into the same problem described by others here. The Intuit website declares success, but TurboTax doesn't get the document. In my case this was caused by the fact that I denied the Intuit site permission to access my local network. Choose Allow, and you should be fine. If you already denied permission, you will be stuck until you reset this permission. In Chrome on Windows, you can do this by clicking on the View Site Information icon just to the left of the address bar. Turn on Local Network Access and try again. This solved the problem for me."
a month ago
Yes, TurboTax includes this. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.
Note, this deduction has income limita...
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Yes, TurboTax includes this. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.
Note, this deduction has income limitations. It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).
This deduction is located on Schedule 1-A Additional Deductions, Part V. The total additional deductions will be summed and appear on your 1040, line 13b.
You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and scroll to Schedule 1-A Part V.
a month ago
After selecting Edit from that self-employed work summary menu, it should take you to a page that looks like this (below); on that screen, you would scroll down to income and select the Add income......
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After selecting Edit from that self-employed work summary menu, it should take you to a page that looks like this (below); on that screen, you would scroll down to income and select the Add income... button that I have highlighted yellow on my sample business to add a 1099-NEC. If not the below page, then where does it redirect you to - does the page have a heading title?
A few options from there,
If the above page is not loading correctly, you can start troubleshooting first by clearing your browser's cookies and cache, and logging back into TurboTax Online. Then, navigate back to Federal > Wages & Income > Self-employment income > Your 2025 self-employed work summary > Edit (or click the 1099-NEC jump-to link here)
Instructions: TurboTax - How do I delete cookies?
If the page still does not load correctly (as in my image above), you can try logging back in to TurboTax Online from a different browser to see if your navigation and search begins working more smoothly. For example, if you're using Google Chrome, you could try Mozilla Firefox or Microsoft Edge instead (and vice versa).
Next, try just using the 1099-NEC jump-to link from here (click) - when I tested it, I was able to begin entering a new 1099-NEC, and to assign the form to an existing line of work from the drop-down menu on the following screen. Try this methodology and see if you are able to enter a new 1099-NEC, and then add it to your existing line of work.
If the above methods all fail, you would certainly be able to delete the original line of work, then add your 1099-NEC income while creating a "new" line of work with all of the original details. You can tag me with @ my username for more options if you would rather not delete existing input.
a month ago
If your RV qualifies as a second home and you are itemizing your deductions, go to Federal > Deductions & Credits > Mortgage Interest (Form 1098).
Choose Add a 1098, then Change how I enter my ...
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If your RV qualifies as a second home and you are itemizing your deductions, go to Federal > Deductions & Credits > Mortgage Interest (Form 1098).
Choose Add a 1098, then Change how I enter my form, then Type it in myself. When it asks for the Form 1098 details, enter the interest from your letter. You can check the box that the interest is different from the 1098 you received, and explain that you did not receive a 1098 when prompted for an explanation later.
a month ago
It is on Sch CT-40
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a month ago
There will be a new tool that will help calculate the Fair Market Value (FMV) of the donated items. But since we don't have specific dates for that, here are a couple of tools from Salvation Army and...
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There will be a new tool that will help calculate the Fair Market Value (FMV) of the donated items. But since we don't have specific dates for that, here are a couple of tools from Salvation Army and Goodwill that may help now.
@WVUMD
a month ago
I have $14,600 in deductions I want to claim on the business. I only see a way to enter if I have a 1099-k.
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a month ago
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work ...
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To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimates, click on the start or update button
a month ago
When I try to download my information into turbotax from Merrill Lynch it asks for a tracking ID tax info statement which does not exhist
a month ago
1 Cheer
Hello, I just got off the phone with a very kind women named Jasmine. I didn't see a survey in my in box but this women needs to be appreciated for her dedication to helping me and hard work. She w...
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Hello, I just got off the phone with a very kind women named Jasmine. I didn't see a survey in my in box but this women needs to be appreciated for her dedication to helping me and hard work. She was incredibly helpful and tried to solve the issue I was having in everyway and stayed on the line with me for a long time to do so. The whole time she was very patient and respectful with me. She did end up figuring out what was the issue and helped me greatly. Very patient, helpful, and respectful.
Topics:
a month ago
Thanks to all for the replies. I will reluctantly do the workaround rather than getting an appropriate fix from TurboTax. While I fully understand that it's impossible for TurboTax to code for al...
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Thanks to all for the replies. I will reluctantly do the workaround rather than getting an appropriate fix from TurboTax. While I fully understand that it's impossible for TurboTax to code for all tax possibilities, I did a little more digging into this problem and found references back to at least 2020 where users have reported this problem on this forum. If every year people are reporting this problem, and perhaps only those astute enough to notice this incorrectly calculated tax issue, then TurboTax development should take notice and prioritize correcting this problem. I find it hard to believe that this is a rare tax occurrence. I suspect there are a number of people each year that actually do a split rollover of something like a tax deferred 401K into both a Roth IRA and a traditional IRA. Given that this problem is reported over and over again each year as a community topic, that should be enough to highlight that it's a very common issue. Worse yet, this problem can easily cause an incorrect tax to be calculated and reported for a TurboTax user not paying close attention to what is occurring under the covers in TurboTax. Given that, I respectfully encourage the TurboTax development team to escalate addressing this known problem.