All Posts
a month ago
Changing Column C would indicate you got an APTC when you didn't. This does not feel like correct advice to me at all. I'm really starting to lose faith in TurboTax on this issue. On a separate ...
See more...
Changing Column C would indicate you got an APTC when you didn't. This does not feel like correct advice to me at all. I'm really starting to lose faith in TurboTax on this issue. On a separate thread the advice was to file taxes by mail and include a note.
a month ago
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1...
See more...
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return.
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 …. ,
a month ago
This is error was fixed with today's (2/13/26) Update!
a month ago
I completed my return and see no reference to the $6000 tax credit for age 65+ seniors. Where is it in Turbo Tax?
Topics:
a month ago
So at the end of the state process when they ask for AGI, say no I don't have it. then you will get the prompt for IL-Pin. I had the same issue with a week of rejections. I believe in the past the IL...
See more...
So at the end of the state process when they ask for AGI, say no I don't have it. then you will get the prompt for IL-Pin. I had the same issue with a week of rejections. I believe in the past the IL-pin was a prompted choice, almost a part of the signature and I've never had this issue in the past. I hope that helps
a month ago
TurboTax deluxe version for Windows told me Thursday, February 12 that the Update will not be complete until February 20, 2026. Please advise if this is correct
a month ago
1 Cheer
just installed the update and all 43 of the errors are gone! now I can see if I can file today!
a month ago
I worked up a table of the AGI Phaseout amounts. This should help you see how much Deduction you should get on 1040 line 13b. For Single the Phaseout starts at over 75,000 AGI and for Married st...
See more...
I worked up a table of the AGI Phaseout amounts. This should help you see how much Deduction you should get on 1040 line 13b. For Single the Phaseout starts at over 75,000 AGI and for Married starts at over 150,000.
a month ago
Actual answers from TT's "experts": Feb 11 (false) Feb 13 (false) Feb 13 or later (unfalsifiable) We Don't Know (unfalsifiable) By this weekend or sooner but no actual date (unfalsifiable) ...
See more...
Actual answers from TT's "experts": Feb 11 (false) Feb 13 (false) Feb 13 or later (unfalsifiable) We Don't Know (unfalsifiable) By this weekend or sooner but no actual date (unfalsifiable) Depreciation can be easily calculated on FreetaxUSA.com, which charges $0 to file federal taxes.
a month ago
I received a retirement income from my former employer. Now the question is what is the basis of Retirement Income in a dollar amount.
Topics:
a month ago
These are the scenarios possible: NY resident all year - all taxable income Nonresident of NY: You have $85,000 NY based income and $3k was earned while you were a nonresident from NY sources. Yo...
See more...
These are the scenarios possible: NY resident all year - all taxable income Nonresident of NY: You have $85,000 NY based income and $3k was earned while you were a nonresident from NY sources. You have $85,000 taxable NY income. You have $82k NY income plus $3k earned while living in another state and not working in NY. Then 0 is NY income for the excess. NY tax $82k Part-year resident: You have federal $85k - earned $85k from NY and moved from/to another state -$85k taxable You have federal $85k - earned $82 in NY and $3k in another state while resident of other state. NY $82k taxable I created a part-year and a nonresident return to find your question. I entered the w2 in the federal section along with the correct NY income. One key factor is to make your state section of your w2 show the correct states and amounts. You can change the state part of the w2 in the federal program to reflect your reality for the program to work correctly. The fed and state already have a copy of the real w2. You need the program to understand where you lived and what you earned. All wages in the state section should add to the correct totals. Open to the federal income section open your w2 scroll down to state income enter NY and NY income for that w2 enter any other state where income was earned, the amount repeat for all relevant forms Once your w2 is entered for your situation: The program pulls it through and NY shows the correct taxable amount. I indicated $3,000 not earned in NY on my w2 in the federal. When I moved to NY program, the box asked about the $3,000 being from NY sources while living outside of NY. In my case, the answer is either zero for not earned in NY or $3,000 for earned in NY. Prepare any non-resident state returns first. Prepare part-year returns based on the order of where you lived, prepare where you live now last. Prepare the NY return. The NY return will look like it is taxing all of your income for the whole year. It does but then it multiplies it by the percentage that was actually earned in NY to get your actual tax liability.
a month ago
I have dividends with foreign tax paid from a NYSE listed Canadian company and from a Vanguard international fund. The program demands that I choose EITHER that the dividends are from an RIC or 'othe...
See more...
I have dividends with foreign tax paid from a NYSE listed Canadian company and from a Vanguard international fund. The program demands that I choose EITHER that the dividends are from an RIC or 'other source'. What to do?
Topics:
a month ago
Here are two FAQs to help: What if I'm having trouble with my filing verification code? and How do I get a verification code if the email address is wrong?
a month ago
1 Cheer
I use a desktop exclusively and yes, if you wait 2-3 days, it will likely function normally. I talked to my Schwab Rep; he was aware of the problem last year. It's Schwab IT that has the issue. If...
See more...
I use a desktop exclusively and yes, if you wait 2-3 days, it will likely function normally. I talked to my Schwab Rep; he was aware of the problem last year. It's Schwab IT that has the issue. If you can afford to wait, then wait.
a month ago
2025 is the first year when both my wife and I have withdrawn from our Roth IRA accounts and we are using the free version of TurboTax provided by Fidelity Investments (most probably premier?). We ar...
See more...
2025 is the first year when both my wife and I have withdrawn from our Roth IRA accounts and we are using the free version of TurboTax provided by Fidelity Investments (most probably premier?). We are filing as married filing jointly. We have (for each of us separately) provided information about our Roth conversions over the last few years. In both our 1099-R forms, box 7 has "T". Based on this, TurboTax is claiming that our withdrawals are qualified (non-taxable) for Federal purposes, but are fully taxable (meaning that the entire amount is taxable) for NJ state purposes. This seems incorrect as the qualification rules Roth withdrawals for Federal and NJ State are identical. Also even if it is true that that some part of the withdrawal is taxable in NJ, it cannot be the entire amount. That seems obviously incorrect. I suspect that there is some way to answer the questions differently to get around this problem, but how? Please help.
a month ago
After the 2/13 update, Federal reviews clean. Minnesota return fails review due to an issue on the "Adjustments to Federal Taxable Income (FTI) Smart Worksheet." Details: Line 2a (Sec. 70301 bonu...
See more...
After the 2/13 update, Federal reviews clean. Minnesota return fails review due to an issue on the "Adjustments to Federal Taxable Income (FTI) Smart Worksheet." Details: Line 2a (Sec. 70301 bonus addback) is correct and equals exactly 60% of federal bonus depreciation (from Federal Form 4562). Line 2b ("Amount of allowable depreciation for assets on 2a") shows 0 and triggers an error stating the amount must be less than zero. The field cannot be edited. On the State Depreciation Worksheet: Asset is listed. Placed-in-service date is correct. Addback amount is correct. However, State Cost/Basis = 0 and State Depreciation Amount = 0. It appears the MN addback is calculated, but no state depreciation basis or 5-year recovery is being generated, which leaves Line 2b at zero. Is this a known issue? Is there a way to re-trigger state asset generation without overriding worksheets? Thanks.
Topics:
a month ago
I have a pending transaction from 2023 and still haven’t received return do not understand why
a month ago
In the past when I had a problem with downloading from Schwab, I would work-around by downloading to TT online, then save the TT tax file to my local ... but it seems TT doesn't allow that any longer...
See more...
In the past when I had a problem with downloading from Schwab, I would work-around by downloading to TT online, then save the TT tax file to my local ... but it seems TT doesn't allow that any longer. So to be clear, you're saying I should wait a few days before downloading to desktop?
a month ago
So it would be allowed for my self employment income, but not the home office for my W2 work? (Colorado) How can I remove the sheet for the W2 work, or would I just set the values to zero? tryin to g...
See more...
So it would be allowed for my self employment income, but not the home office for my W2 work? (Colorado) How can I remove the sheet for the W2 work, or would I just set the values to zero? tryin to get past the flag in Tuurbo tax smart check. Thanks