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a month ago
@TGormley Sorry, I should have been more specific. If the tax liability on your Form 1040 Line 24 is 0 then the credit is carried over to the next tax year.
What is the amount on the Form 1040 Lin...
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@TGormley Sorry, I should have been more specific. If the tax liability on your Form 1040 Line 24 is 0 then the credit is carried over to the next tax year.
What is the amount on the Form 1040 Line 24?
a month ago
It appears TurboTax support is not interested the issue from the lack of feedback.
a month ago
Turbotax Amend 2023 does not seem to have a step by step that allows entries for non-qualified expenses. Can someone share how to amend. I need to report this income on my dependent's 2022 and 2023...
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Turbotax Amend 2023 does not seem to have a step by step that allows entries for non-qualified expenses. Can someone share how to amend. I need to report this income on my dependent's 2022 and 2023 taxes. Scholarship funds used for non-qualified expenses (room, board, travel) are taxable income, reported on Form 1040 or 1040-SR, Schedule 1, Line 8r (labeled "SCH"). This taxable amount must be included in your total income on Form 1040, line 8, and may require estimated tax payments if it results in a significant tax liability. Key Details for Reporting Taxable Scholarships: Form 1040/1040-SR: The primary form used to report the taxable portion of scholarships, fellowships, or grants not reported on Form W-2. Schedule 1 (Form 1040), Line 8r: This is where you specifically report the amount of the scholarship used for non-qualified expenses.
a month ago
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a month ago
It is expected to be available later this week with the end of the week updates (which typically occur on Thursday nights), so please check back at the end of the week.
a month ago
1 Cheer
If you are entering the information one a one-on-one basis, select the box I have other boxes on my 1099-B to enter. Box 1g is available to report a disallowed loss due to the wash sales rules.
...
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If you are entering the information one a one-on-one basis, select the box I have other boxes on my 1099-B to enter. Box 1g is available to report a disallowed loss due to the wash sales rules.
If you are entering the information on a sales section totals basis, select the box I need to adjust my total cost basis. W (nondeductible loss from a wash sale) is available to report a disallowed loss due to the wash sales rules.
The wash-sale rule prohibits selling an investment for a loss and replacing it with the same or a 'substantially identical' investment thirty days before or after the sale.
The loss not permitted is added to the cost of the newly purchased asset. Your broker keeps track of the wash sales.
More information may be found here.
@rakvak
a month ago
My "Federal Tax Due" is $421 so I still have a tax liability
a month ago
You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax...
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You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=lfgviwbm
a month ago
Do you have a separate account through clearing services? Advisors appears to be the trade name backed by clearing services but it doesn't look like the acocunt login information is interchangable b...
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Do you have a separate account through clearing services? Advisors appears to be the trade name backed by clearing services but it doesn't look like the acocunt login information is interchangable between the services.
a month ago
It Is FEB 15, 2026. I still can't finish asset worksheet for my depreciable asset additions for my rental property! WHA IS GOING ON WITH TURBOTAX Software people????
a month ago
I did use the tax checklist in QuickBooks to transfer my info to TurboTax, but I'm not supposed to have to pay for tax filing in TurboTax because I paid for the tax bundle.
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a month ago
For another tax return using the online editions you will have to create a new account, a new User ID and use a new email address.
Go to this TurboTax website and click on Sign up to start a new ac...
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For another tax return using the online editions you will have to create a new account, a new User ID and use a new email address.
Go to this TurboTax website and click on Sign up to start a new account - https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/
a month ago
RogerD1: I too am unable to "save" the explanation statement for a 5329-S Part IX explanation. It vanishes every time I click "enter" or print, etc. According to my 1099 R, my distribution was $4...
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RogerD1: I too am unable to "save" the explanation statement for a 5329-S Part IX explanation. It vanishes every time I click "enter" or print, etc. According to my 1099 R, my distribution was $452 less than my RMD for 2025. However, that is because the charity to whom I had mailed a $1000 check on December 16, 2025 did not cash the check until 01/08/2026. (would have been $548 more than RMD). I want to explain that to the IRS on the 5329 Explanation statement form provided by TurboTax , but the form will not retain the explanation I added. When I do Smart Check review, it always comes up as an error that can't seem to be fixed because the explanation is blank. There does not seem to be any way to edit the page to get the correct appearance.
a month ago
Turbo Tax keeps promising but continues to delay.
Topics:
a month ago
So much easier with a disc.
Topics:
a month ago
If you provided legal services, this income may be subject to self-employment tax. To enter self-employed income, follow these steps: Navigate to the self-employed income section: TurboTa...
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If you provided legal services, this income may be subject to self-employment tax. To enter self-employed income, follow these steps: Navigate to the self-employed income section: TurboTax Online/Mobile: Go to the Self-Employment screen under Wages & Income. Answer Yes on the Did you have any self-employment income or expenses? screen. If you land on the Your 2025 self-employed work summary page, select Review next to the work you're adding income for. Answer the questions on the following screens until you arrive at Let's enter the income for your work. Select the form that applies to your situation and select Continue. You can enter the info from your 1099 form on the following screens. @earthling96
a month ago
Forms 1099-A and !099-C are used to report Acquisition or Abandonment of Secured Property and Cancellation of Debt. If you do not have this income, you can follow these steps to delete Form 1099-a or...
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Forms 1099-A and !099-C are used to report Acquisition or Abandonment of Secured Property and Cancellation of Debt. If you do not have this income, you can follow these steps to delete Form 1099-a or 1099-C:
Open your return.
Go to Tax Home
Select Tax Tools in the left menu
Click on Tools
A pop-up will come out called Tool Center
Select Delete a form
Select Delete next to the form that you want to delete
If you are using TurboTax Online, please follow the instructions in this TurboTax Help article to delete a form.
If you are using TurboTax Desktop, please follow the instructions in this TurboTax Help article to delete a form.
How do I delete a tax return that was created in TurboTax Desktop for Windows?
How do I view and delete forms in TurboTax Online?
a month ago
Are you entering the first 3 characters as "IDU" from the doc number? The doc number shouldn't include "IDUSA". Some other users experienced errors with incorrect issue and expiry dates, so double c...
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Are you entering the first 3 characters as "IDU" from the doc number? The doc number shouldn't include "IDUSA". Some other users experienced errors with incorrect issue and expiry dates, so double check they are correct and not swapped as well.
For more information, see Where do I find my document number so that I can e-file my New York return?