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a month ago
You can use the session method and enter your manually calculated session totals into TurboTax.
Instead of entering every W-2G exactly as written, enter your Total Net Winnings from all "wi...
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You can use the session method and enter your manually calculated session totals into TurboTax.
Instead of entering every W-2G exactly as written, enter your Total Net Winnings from all "winning sessions" as a single entry.
In TurboTax, all W-2G income is entered with Other gambling income (not on a W-2G) and then the losses are entered on the very next screen.
Comprehensive Record-Keeping: You must maintain a precise, contemporaneous diary or similar record of all wins and losses.
Supporting Documentation: You must be able to provide tickets, receipts, casino statements, or other proof.
Limitation: While this "session" approach can help determine your daily net, overall for the year, you can only deduct losses up to the amount of your total reported gambling winnings, and you must itemize deductions on Schedule A (Form 1040).
Topic 419 - Gambling winnings and losses -
a month ago
Box 12 with code "J" would list the amount of your sick pay that was not included in boxes 1, 3 or 5. So, it may be that the W-2 is not listing your disability pay amount in box 12. However, that wou...
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Box 12 with code "J" would list the amount of your sick pay that was not included in boxes 1, 3 or 5. So, it may be that the W-2 is not listing your disability pay amount in box 12. However, that would not likely affect your tax since the correct taxable income should be listed in box 1. I suggest you enter the amount of the disability pay in box 12 and see if your tax changes. If not, then you can leave the box 12 entry off of your W-2 entry.
a month ago
We are not able to help with this type of thing in the community. Have you filled this out? How do I request a refund for my TurboTax product?
Here is a link to contact Turbo Tax Customer Ser...
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We are not able to help with this type of thing in the community. Have you filled this out? How do I request a refund for my TurboTax product?
Here is a link to contact Turbo Tax Customer Service.
a month ago
New York State business tax forms for 2025 are experiencing delays in TurboTax due to required software updates for state-specific calculations, with fixes expected around February 12, 2026.
a month ago
Here's How to Enter a Summary in Lieu of Individual Transactions.
The IRS already has a copy of your 1099-B. In TurboTax Online, you can drag/drop a PDF copy of your 1099-B into your return.
...
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Here's How to Enter a Summary in Lieu of Individual Transactions.
The IRS already has a copy of your 1099-B. In TurboTax Online, you can drag/drop a PDF copy of your 1099-B into your return.
@PowerBall9999
a month ago
Which state?
a month ago
Let me rephrase that: Can one parent claim the college student, age 19, for the Credit for Other Dependents and the other for the EIC?
a month ago
If you're refused for pay with your refund, and have sufficient funds. It may be because you requested a paper check.
Your tax return is processed by an independent bank.
Both the bank...
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If you're refused for pay with your refund, and have sufficient funds. It may be because you requested a paper check.
Your tax return is processed by an independent bank.
Both the bank and TurboTax charge a fee.
We can't get the fee if you get a paper check.
a month ago
You may find this TurboTax Help article useful. And also this one.
a month ago
1 Cheer
Here's a list of Energy Efficient Home Improvement Credit qualified manufacturers from the IRS. If you don't have a QMID Code for the specific part you're claiming a credit for, check with the manuf...
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Here's a list of Energy Efficient Home Improvement Credit qualified manufacturers from the IRS. If you don't have a QMID Code for the specific part you're claiming a credit for, check with the manufacturer.
@plpollack
a month ago
How do i prevent Turbotax from putting my "cash in lieu of benefits" as business income? I receive a cash stipend in lieu of medical insurance.
a month ago
3 Cheers
Turbo Tax support, are you listening to all of the comments here? If I wasn't paying attention, I would have lost thousands of dollars. I am sure there are people losing thousands who did not catch...
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Turbo Tax support, are you listening to all of the comments here? If I wasn't paying attention, I would have lost thousands of dollars. I am sure there are people losing thousands who did not catch this bug in your software. Loss of confidence doesn't even begin to the feeling at the moment. When will this be fixed?
a month ago
If you have an existing Credit Karma Money account you need to make sure your TurboTax return and your Credit Karma money account information match (for example, primary filer name, date of birth, an...
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If you have an existing Credit Karma Money account you need to make sure your TurboTax return and your Credit Karma money account information match (for example, primary filer name, date of birth, and Social Security number).
If you need to update any of this information, here's how:
Sign in to your Intuit account.
To update your user ID, password, email address, or phone number, select Sign in & security.
To update your name, date of birth, address, or occupation, select Profile.
a month ago
Good to go! Thanks for the quick and on-point response! Kurt
a month ago
1 Cheer
Yes. If it shows a start and ending date, then it is likely that you did file as part year. Unlike some states that have a specific form for residents, one for non residents and another for part yea...
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Yes. If it shows a start and ending date, then it is likely that you did file as part year. Unlike some states that have a specific form for residents, one for non residents and another for part year residents, there is only one main form for PA, whether a resident, Part year, or Non-Resident so the box that you were a part year resident would have been checked if you saw a -to- date.
a month ago
1 Cheer
There will be a new tool that will help calculate the Fair Market Value (FMV) of the donated items. However, no information on when it is going to be available yet.
a month ago
Yes. Your FERS annuity from the Federal government is considered a Qualified Plan. See this OPM FAQ.
For more information on qualified retirement plans, see this TurboTax article:
What's a q...
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Yes. Your FERS annuity from the Federal government is considered a Qualified Plan. See this OPM FAQ.
For more information on qualified retirement plans, see this TurboTax article:
What's a qualified retirement plan?
a month ago
None of these options came up
a month ago
I really appreciate your explanation! I've gone through the process you described, this time saying No to the "No other income or expenses", which I tried to complete but ran into a snag I'd asked ab...
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I really appreciate your explanation! I've gone through the process you described, this time saying No to the "No other income or expenses", which I tried to complete but ran into a snag I'd asked about in this forum a few weeks ago. I should mention that all my foreign income is passive from a RIC. TRP International Discovery reported a significant Box 2a cap gain. In the instructions from TRP with the 1099-DIV, it said to compute the foreign source amount "multiply the amount in Box 1a of your Form 1099-DIV by the “Foreign source income %”. There is no mention of box 2a cap gains. The answer I got about that in this forum was that the cap gain did not include any foreign income. That seems strange for an international fund, but I went with that. Is this correct? If so, then the $20,000 threshold is moot for me. ----------------------------------------------------------------------------------------------------------------------------------------- Update: The explanation I got from ChatGPT made sense to me: Capital gain distributions (Box 2a) are different Box 2a reflects net realized capital gains of the fund itself — sales of securities inside the fund. For foreign tax credit sourcing: Capital gains are sourced by the fund’s tax residence, not by where the underlying securities are located. A U.S.-domiciled mutual fund (like TRP International Discovery) is treated as a U.S. person. Therefore, its capital gains are U.S.-source, even if the gains came from selling foreign stocks. 👉 Result: Foreign source amount for Box 2a = $0, unless the fund explicitly says otherwise. -------------------------------------------------------------------------------------------------------------------------------------------------- Still, that left me with the question about how to handle TT insisting on entries computing the allocation ratio for Deductible other interest. Since my investment interest expense is zero, the ratio doesn't matter.
a month ago
This has been corrected and you need to resubmit your return. If you submitted it yesterday, it will likely reject but if you resubmit today or after, you should have success.