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My LLC does not need to file the PTC-C but I can't delete the form.
When you print it will print on the 1040SR even if you see only the 1040 on the screen.  You automatically get the 1040SR if you or your spouse is 65 or older.  In the Desktop program you can tell it... See more...
When you print it will print on the 1040SR even if you see only the 1040 on the screen.  You automatically get the 1040SR if you or your spouse is 65 or older.  In the Desktop program you can tell it which one to print.   If you use the Desktop program you can switch to forms and the Info Wks part II has a selection to select 1040SR or not.  You can not change it in the Online versions.   In the Online version if you want to use the regular 1040 form, you can print out the 1040SR and copy the amounts onto a blank 1040 and then mail your return.
Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you paid by fo... See more...
Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.   In TurboTax Online, you can enter estimated taxes you paid by following these steps: Open your tax return Click on Federal in the left-hand column, then Deductions & Credits Navigate to the list of Deductions and Credits  Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right  Click on Start next to Estimated Tax Payments On the next page, click Start next to Federal estimated taxes for 2025 (form 1040ES)
Please go back to the College Savings Plan Contributions and enter the amount there. If you select Learn More, you will see the college savings plan really means college savings in a SC plan. Contrib... See more...
Please go back to the College Savings Plan Contributions and enter the amount there. If you select Learn More, you will see the college savings plan really means college savings in a SC plan. Contributions to other state plans are not deductible. @drtgs 
I need to login to see if my money is pending in the SBTPG account but it says cant find my account
No.  If your debt was discharged in bankruptcy it is not considered taxable income so you do not need to add it to your return.    When to Use Tax Form 1099-C for Cancellation of Debt
Okay, here is a very simplified scenario for a single filer (see screenshot). Assume I only have medical expenses and charity donations to itemize. Assume no more medical expenses or charity donation... See more...
Okay, here is a very simplified scenario for a single filer (see screenshot). Assume I only have medical expenses and charity donations to itemize. Assume no more medical expenses or charity donations after 8/31.   On page 8 the IRS instructions say, "For each period shown on Schedule AI, figure your income and deductions based on your method of accounting. If you use the cash method of accounting (used by most people), include all income actually or constructively received during the period and all deductions actually paid during the period."   What should be entered on line 4c? If it's anything other than $21,000 then we're not doing what the IRS instructions say to do.    
If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...
Why?  The are exactly the same form.  The Form 1040-SR has larger type and is 3 pages long.  The Form 1040 has normal type and is two pages long.   If you are age 65 or older the default is the... See more...
Why?  The are exactly the same form.  The Form 1040-SR has larger type and is 3 pages long.  The Form 1040 has normal type and is two pages long.   If you are age 65 or older the default is the Form 1040-SR.
Thanks for your response. One last question to finally put this to bed. As I'm continuing my return, having included the 2025 Roth 1099-R, the TT Roth section is asking "Did you contribute more to a ... See more...
Thanks for your response. One last question to finally put this to bed. As I'm continuing my return, having included the 2025 Roth 1099-R, the TT Roth section is asking "Did you contribute more to a Roth IRA than was allowed in 2024 or any previous year?" Technically yes, but given that I addressed this a year ago in my return and did in fact proactively remove those funds and earnings I should respond with no, correct? I tried both options to see what happened: "Yes" increases my fed taxes, which seems inappropriate since I fixed this last year, reported it and paid accordingly. "No" does nothing and seems correct. Again thank you for the assistance.
First, the trust document must distinguish what is distributable to the beneficiaries. If you are clear on the rules for this Irrevocable Trust then you are using the correct figures for the lines me... See more...
First, the trust document must distinguish what is distributable to the beneficiaries. If you are clear on the rules for this Irrevocable Trust then you are using the correct figures for the lines mentioned. Any taxable income not distributed will be taxable to the trust.  Estates and trusts are entitled to deduct from their income any distribution of income that they are required to distribute (under the governing instrument or state law) or actually pay or credit to a beneficiary. This means the beneficiaries will pay the tax on the distributions paid to them. PA-41 Instructions PA Schedule DD and Instructions @melpaw57 
Timing is important when deducting business expenses.  For Start-up Business expenses you can deduct them in the year your business is operational. The business start date is the date when a company ... See more...
Timing is important when deducting business expenses.  For Start-up Business expenses you can deduct them in the year your business is operational. The business start date is the date when a company starts its actual operations, rather than the date of incorporation or registration. It is the day when the business officially begins providing goods or services to customers, generating revenue.   Start-up expenses have to be amortized with a recovery period that starts with the month the business begins to operate active trade or as a business.  See the following IRS page for more information on deducting start-up expenses.    Here’s how businesses can deduct startup costs from their federal taxes If you would like to see more information about Start-ups, see the TurboTax help article below:   Start-up business tax tips      
THE ADDRESS FOR THE EMPLOYER IS OUT OF COUNTRY, WHAT CAN I DO