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I am having a similar issue, but my foreign source countries are all RIC.   Message reads: Form 1116 (COPY 1) -- Foreign Tax Credit Comp Wks: Adj Basis of Tot Inv Ast shouldn't be less than or equa... See more...
I am having a similar issue, but my foreign source countries are all RIC.   Message reads: Form 1116 (COPY 1) -- Foreign Tax Credit Comp Wks: Adj Basis of Tot Inv Ast shouldn't be less than or equal to zero
How do I view forms before I have filed my return?
It sounds like you're entering a withdrawal from a SIMPLE IRA retirement plan; the questions are asking whether you're taking the withdrawal from a SIMPLE plan you've been a member of for less than 2... See more...
It sounds like you're entering a withdrawal from a SIMPLE IRA retirement plan; the questions are asking whether you're taking the withdrawal from a SIMPLE plan you've been a member of for less than 2 years at your job, or greater than 2 years. The answer will be figured by how many years it has been since your employer opened this SIMPLE IRA for your benefit, which may be less than the number of years at that employer if you had to wait to be eligible.   If you've lost track, you can reference any Form 5498's you have received in reference to this SIMPLE, or contact your employer's payroll / benefits department to help you understand your plan better.   If you take an early withdrawal from your SIMPLE IRA, and the withdrawal is so early it is less than 2 years from the start of your plan, then the taxes and fees increase substantially, see below: IRS - SIMPLE IRA Plan, SIMPLE IRA contributions and earnings can be withdrawn at any time, subject to the general limitations imposed on traditional IRAs. A withdrawal is taxable in the year received. If a participant makes a withdrawal before he or she attains age 59 ½, generally a 10% additional tax applies. If this withdrawal occurs within the first 2 years of participation, the 10% tax is increased to 25%. Learn more: TurboTax - The Basics of a Traditional IRA
Can you please provide the source of this information of the pending Feb 27th correction?   Trying to decide if I just abandon TT now or get strung along for another week...
If you do have a balance due, you also have the opportunity to send your payment through your IRS Online Account if you choose to. Click the link to create or open your account if you would like to u... See more...
If you do have a balance due, you also have the opportunity to send your payment through your IRS Online Account if you choose to. Click the link to create or open your account if you would like to use that method.   @reg-dora 
Form 4562 is now updated for Schedule E and ready to use in TurboTax   Please make sure you have the latest updates and walk through that section again.     Updates in TurboTax Online are automat... See more...
Form 4562 is now updated for Schedule E and ready to use in TurboTax   Please make sure you have the latest updates and walk through that section again.     Updates in TurboTax Online are automatic.     If you are using TurboTax Desktop, please follow these steps:   Log-in to TurboTax Desktop  Select Online from the top left bar menu Choose Check for Updates Choose Ok @BigThunderChunky
I have a bottom line number on the schedule that I know is made up of Non Calfornia tax free muni bond interest, but don't know what else is in the number. There is no detailed scheduled supporting th... See more...
I have a bottom line number on the schedule that I know is made up of Non Calfornia tax free muni bond interest, but don't know what else is in the number. There is no detailed scheduled supporting the number
The options from turbo tax do not match what I did, which was efile with turbo tax.
In January 2025 I made a contribution to my HSA for 2024 tax year. It is reflected in box 3 of my 2024 5498-SA. Now my 2025 5498-SA shows that amount in box 2 (box 1 is 0.00). I'm not reporting a con... See more...
In January 2025 I made a contribution to my HSA for 2024 tax year. It is reflected in box 3 of my 2024 5498-SA. Now my 2025 5498-SA shows that amount in box 2 (box 1 is 0.00). I'm not reporting a contribution for 2025 and just want to make sure that this information is not going to cause an issue with my return.
Suggest to add missing Box 8 when Box 7 is not checked for people to enter the Property address
Thanks but I followed those steps and get nothing like what you described.  To reiterate, I'm using Turbotax Deluxe, 2025, desktop version 025.000.0267.  I believe I know what the problem is but I wo... See more...
Thanks but I followed those steps and get nothing like what you described.  To reiterate, I'm using Turbotax Deluxe, 2025, desktop version 025.000.0267.  I believe I know what the problem is but I would hope Turbotax will deliver a fix for it.  The property in question was on my 2024 return so I am not inputting it from scratch.  I don't remember if the 2024 version said anything about land and I don't have that software on my computer any more.  What I see is the following after I choose 'edit' from the 'rental and royalty summary'.  I see categories of property profile, rental income, expenses, sale of property/depreciation, and vehicle expenses.  Property profile contains nothing about a separate land value.  In sale of property/depreciation, I click edit beside the existing asset entry that it transferred from 2024.  The 'review information' screen shows description, date, asset type (drop down box), cost, business % and prior deprec.  I click continue and click various other screens to get to the sales information.  If choose 'add an asset/rental real estate property/residential real estate' from the 'your property assets' screen, I get a screen that asks for description, cost, cost of land, and date purchased.   So I'm guessing I'm going to have to delete each rental property and re-enter it, either because I didn't enter a land value in 2024 or because the software isn't smart enough to present the same screen for verification that it does for new assets.  Is that correct?
Yes, you would select yes, if all the payments (withholding or estimated tax payments) paid and sent to the IRS belong to you.    It's uncertain about the rules for your state but you can use the... See more...
Yes, you would select yes, if all the payments (withholding or estimated tax payments) paid and sent to the IRS belong to you.    It's uncertain about the rules for your state but you can use the link below to see the rules for your state Department of Revenue. How do I contact my state Department of Revenue? If you are filing jointly you should continue to file this Form 8379 each year so that your portion of any refund is release.
Check your account for 2024.     DID YOU E-FILE?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?... See more...
Check your account for 2024.     DID YOU E-FILE?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”     When you e-file your return you will get two emails from TurboTax.  The first one will say your return has been transmitted; the second one will tell you the IRS has accepted  or rejected your federal e-file.  If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.   Check your e-file status:   https://turbotax.intuit.com/tax-tools/efile-status-lookup/    What does it say in your account?  Does it show that the return was accepted?   Or does it say something else---like "rejected," "printed," or "ready to mail?”   If you discover or realize that your e-file was rejected, or just never filed, you will need to print it, sign and date it in ink, and file it by mail now, since e-filing is closed for returns for tax year 2024.    
Everything RedDogSD said AND:   Upon receving a CPS 2000 last year (for a tax return from two years ago), one of the items was that the IRS stated was that my 1099-Q Box 2 ( 529 Earnings) withdrawa... See more...
Everything RedDogSD said AND:   Upon receving a CPS 2000 last year (for a tax return from two years ago), one of the items was that the IRS stated was that my 1099-Q Box 2 ( 529 Earnings) withdrawals (for 3 children in college at the same time) were taxable BECAUSE I did just what you suggested and didn't even bother doing any 1099-Q or 1098-T because I knew (with 3 children in at the same time) that I paid WAY more than I took out of the 529s.  And I got tired of putting all of this in just to have it come right back off when entering expenses (this is when I had the desktop version, and when the tool worked).   Anyway, the point is, we all have different reasons for what we do, mine is to protect myself and report everything correctly BUT  I can't because Turbotax software is BROKEN.  I'll probably just have to delete all of the 1099-Q entries and hope I don't get another CPS 2000.  Or switch to another tax software.   So what is the latest udpate for issue for the ONLINE version?   Folks keep saying it will be fixed but wondering if it really will be.
Hey do you know how long after you receive your rest of your refund ? I’m in the same boat waiting for the remaining they owe me they took my money on Feb 19 
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of ... See more...
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF) Or - When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2025 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.
Below are the instructions for adding the Trump Account-Form 4547 to your tax return. First, you must have a qualifying dependent or go directly to the site provided by @JohnB5677 above and posted he... See more...
Below are the instructions for adding the Trump Account-Form 4547 to your tax return. First, you must have a qualifying dependent or go directly to the site provided by @JohnB5677 above and posted here for your convenience. How do I set up a Trump account in TurboTax? Trump Accounts jumpstart @Sonomamay11 
It’s not on the 1099R form.   You have to get it from the plan.   What is your 1099R from?   A IRA or 401K or a pension?   If it is from a pension say all of it is the RMD.   A pension is whatever  t... See more...
It’s not on the 1099R form.   You have to get it from the plan.   What is your 1099R from?   A IRA or 401K or a pension?   If it is from a pension say all of it is the RMD.   A pension is whatever  they send you and automatically fulfills the RMD requirement.   
I don’t know if my taxes were filed last year and need to speak with someone to find out please.