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a month ago
Form 4562 is only ready for Schedule C and F. The Schedule E area is currently being updated.
The software should be updated after 02/11/26, but our tech team is working hard to have those upd...
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Form 4562 is only ready for Schedule C and F. The Schedule E area is currently being updated.
The software should be updated after 02/11/26, but our tech team is working hard to have those updates before that date.
a month ago
Thank you @PatriciaV I was successful with all of your directions. Thank you -- and I will look into Expert Assist Business. I did have one question -- in the very first instruction you mention...
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Thank you @PatriciaV I was successful with all of your directions. Thank you -- and I will look into Expert Assist Business. I did have one question -- in the very first instruction you mention to remove overides as the values are from the day before the exchange was made (99.99). That seems surprising to me -- why would that be? It seems like it would make more sense for this to be the final value held at the end of the year (or after the election), which would be zero. I just want to double check that.
a month ago
You are correct. It was a rounding error. I noticed that TurboTax rounded my numbers when the 1099-Q reported with "cents". I was able to correct it and move on. Thanks for responding so quickly.
a month ago
In previous years I had a dell computer but now have a Mac how do I transfer my 2024 to my mac
a month ago
so my bank has not sent me a 1099, I rolled over 3 cds last year. Is the amount of interest earned but not paid to me taxable and reported to the IRS ?
a month ago
We anticipate the depreciation calculations within the software should be updated by February 13, 2026. Our tech team is working hard to release the updates before that date.
Sign up for email...
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We anticipate the depreciation calculations within the software should be updated by February 13, 2026. Our tech team is working hard to release the updates before that date.
Sign up for email notification here.
a month ago
Said they were coming in February
Topics:
a month ago
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboT...
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How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
Or—-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
a month ago
If you continue to update TurboTax Desktop and open your TurboTax Online (automatic updates) and you still see the 'ready by February' message, it's not yet finalized. Sign up for the update so you w...
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If you continue to update TurboTax Desktop and open your TurboTax Online (automatic updates) and you still see the 'ready by February' message, it's not yet finalized. Sign up for the update so you will be notified the most efficient and timely way. It is posted for convenience here.
Please use this link Sign up for email notification which will let you know when the depreciation/amortization will be ready to file with Schedule E. The target date is still February 11th, however the notification will let you know.
@jyeh74
@baldietax
a month ago
We anticipate the depreciation calculations within the software should be updated by February 13, 2026. Our tech team is working hard to release the updates before that date.
Sign up for email...
See more...
We anticipate the depreciation calculations within the software should be updated by February 13, 2026. Our tech team is working hard to release the updates before that date.
Sign up for email notification here.
a month ago
If you already e-filed it is too late to seek the advance loan.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-advance/L52Mg0G5u_US_en_US?uid=mit7zs6h
a month ago
If the form displays when you open it in TurboTax Business using Forms Mode, the form will be complete when you e-file the return.
This experience has been reported for further investigation, t...
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If the form displays when you open it in TurboTax Business using Forms Mode, the form will be complete when you e-file the return.
This experience has been reported for further investigation, though it is unlikely a resolution will be available before the filing deadline.
a month ago
1 Cheer
Some customers will need to allow the Intuit site permission to access your local network.
If you have already denied permission, you will need to reset it.
In Chrome, you can do this ...
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Some customers will need to allow the Intuit site permission to access your local network.
If you have already denied permission, you will need to reset it.
In Chrome, you can do this by clicking on the View Site Information icon to the left of the address bar. Turn on Local Network Access.
See Doug4 answer for details.
a month ago
Unless you are self-employed and are using Uber during your work day to travel between jobs or clients, you cannot enter anything about uber rides. If you are self-employed, and have a home office,...
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Unless you are self-employed and are using Uber during your work day to travel between jobs or clients, you cannot enter anything about uber rides. If you are self-employed, and have a home office, your utility bills and internet service may factor in to your business expenses.
W-2 employees cannot enter anything at all for job-related expenses such as uber rides to go to work, utility bills, nor an you enter anything about utility bills, cable service, internet, etc. Personal loans are not deductible.
If you are itemizing deductions you can enter your out of pocket medical expenses. But it is very difficult to actually use medical expenses as a deduction.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
a month ago
I see no way to get to the screen Subtract Wisconsin Retirement Income" from the "Here's the income that Wisconsin handles differently". How do I get there, so I can select Yes?
a month ago
No to most of them.
Personal loans are not deductible for tax purposes. If you purchased a new car in 2025, you may qualify for the New Car loan interest deduction.
Cable TV/Internet, gas ...
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No to most of them.
Personal loans are not deductible for tax purposes. If you purchased a new car in 2025, you may qualify for the New Car loan interest deduction.
Cable TV/Internet, gas and electric bills for your personal use are not deductible for tax purposes. These are living expenses.
Uber rides for personal trips (not counting medical) are not deductible.
Medical bills, and transportation to medical appointments are deductible as itemized expenses. However, medical expenses are only deductible for the amount that is over 7.5% of your AGI. This means, that if your AGI is $50,000 only the amount of your medical that is above $3,750 would be deductible. Itemized expenses include mortgage interest, gambling losses up to 90% or up to winnings (whichever is less), charitable contributions, state and local taxes up to $40,000, medical expenses in excess of 7.5% of your AGI and federally declared casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.
Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.
The 2025 Standard Deductions are as follows:
Married Filing Joint (MFJ) $31,500
Married Filing Separate (MFS) $15,750
Head of Household (HOH) $23,625
Single $15,750
Blind or over 65 and MFJ or MFS add $1,600
Single or HOH if blind or over 65 add $2.000
Standard Deduction vs. Itemized Deductions: Which Is Better?
The best thing to do is to walk through all of the questions in TurboTax to see if you qualify for any credits or deductions. Everyone's tax situation is different.
a month ago
I moved IRA money from one company to another. This year I have to take my RMD. Both companies sent me a 1099-R listing the RMD as a taxable amount - thus I'm taxed twice. I asked both companies t...
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I moved IRA money from one company to another. This year I have to take my RMD. Both companies sent me a 1099-R listing the RMD as a taxable amount - thus I'm taxed twice. I asked both companies to issue a corrected 1099-R and they both refused believing they did the right thing. I tried to call the IRS to find out how to resolve this dilemma, but they said their lines were too busy to answer my question and thus hung up on me. How should i resolve this problem in Turbotax? Should i list a need to correct the 1099-R for one of these funds or both? The second fund was the one I used to make QCDs for the entire RMD amount.
a month ago
If the form displays when you open it in TurboTax Business using Forms Mode, the form will be complete when you e-file the return.
We recommend opening the PDF version using Adobe Acrobat rath...
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If the form displays when you open it in TurboTax Business using Forms Mode, the form will be complete when you e-file the return.
We recommend opening the PDF version using Adobe Acrobat rather than a browser. Also, check this article for more help: How do I fix issues while printing my return?