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tax_buddy

Will wait till Feb 13th, after that I have my H&R account ready!

Allday123

Hello, I have downloaded the latest updates today and I still receive the same error. Form 568 does not appear to let you enter a "B" in the front of the number which is the new number for LLC's...

Hello, I have downloaded the latest updates today and I still receive the same error. Form 568 does not appear to let you enter a "B" in the front of the number which is the new number for LLC's issued in 2025. @PatriciaV @LeticiaF1

mesquitebean

Regular TurboTax Support will not phone you from this user community forum. You can phone them, however. Hours this time of year are 5AM-9PM Pacific, 7 days a week. Contact TurboTax https://...

Regular TurboTax Support will not phone you from this user community forum. You can phone them, however. Hours this time of year are 5AM-9PM Pacific, 7 days a week. Contact TurboTax https://ttlc.intuit.com/turbotax-support/en-us/contact/ Or you can ask questions in this community forum. There are TurboTax Experts who post here during the business hours mentioned above as well as experienced users 24 hours, although not so many at 3:30 AM in the morning. 😴

BringBackItsDeductible

This is so disappointing. I wish I had known this before I purchased TurboTax this year. It's Deductible was the reason I used TurboTax over other tax prep programs. I will be looking elsewhere ne...

This is so disappointing. I wish I had known this before I purchased TurboTax this year. It's Deductible was the reason I used TurboTax over other tax prep programs. I will be looking elsewhere next time.

mesquitebean

@ clubshred wrote: I am being charged for basic service on my federal return I am ready to file my return but noticed that I am being charged basic service on my federal return, I was never charg...

@ clubshred wrote: I am being charged for basic service on my federal return I am ready to file my return but noticed that I am being charged basic service on my federal return, I was never charged for the federal return only the state! Please clarify exactly what product you are using. Underneath your question is a tag that says TurboTax Basic for Windows desktop software. There is not a 2025 Basic Edition desktop software this year. Or are you working on a prior-year return in a prior-year Basic Edition desktop software? Or instead of desktop software, are you actually using Online TurboTax for a 2025 return, and the product tag below your question above is incorrect? If you are using Online TurboTax this year, it's fee structure is not the same as the previous desktop version Basic Edition. We can tell you more about fees once we understand what product you are actually using. If you are using Online TurboTax, then while logged in look at the top left corner. It should say "Do It Yourself" and underneath that it should tell you the edition you are in.

todkapuz

really doesn't make me happy that after years and years of turbotax... 24 years of filings before this one it appears... wow.. the one year I pay really need premier and having paying for premier ...

really doesn't make me happy that after years and years of turbotax... 24 years of filings before this one it appears... wow.. the one year I pay really need premier and having paying for premier the last 15 years.... *sighs* I really hope the inability to have trial runed my taxes before estimated payment deadline, and had a finally sold a depreciated asset, doesnt turn out horribly. I know "OBBA" or whatever made some mid-year tax changes, but that was JULY.....

rjs

Since you sold the ticket for less than you paid for it you do not have to report the sale.

phstephan

I just tried going directly to the form and then overriding the value, but then when I went to print the form I was told there was an error. The error check told me that these values should not be ov...

I just tried going directly to the form and then overriding the value, but then when I went to print the form I was told there was an error. The error check told me that these values should not be overridden as it can prevent cross-checking that is important for an accurate return. So I am hesitant to do that. I will see if I can report the problem as well.

rjs

If the land was not for business use, enter it as an investment sale, under "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other." When it asks you for the investment type click "Other (land, second h...

If the land was not for business use, enter it as an investment sale, under "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other." When it asks you for the investment type click "Other (land, second homes, personal items)."

matto1

Thanks. I took a total of more than $26k out of the 529, and without the loan repayment some of it would have been taxable. You're saying I don't have to file it at all?

rdemyan

I should mention that my thinking for converting traditional IRA funds to a Roth IRA is because I currently live in a state that has no income tax. However, it is likely that I will move to a state ...

I should mention that my thinking for converting traditional IRA funds to a Roth IRA is because I currently live in a state that has no income tax. However, it is likely that I will move to a state that has a relatively high income tax within about five years or so. So, I'm thinking I should convert as much as I reasonably can while still living in the no income tax state, so that I can reduce or possibly entirely avoid paying any income taxes to the high-income tax state (in about five years or so) on withdrawals from the Roth IRA. Does this seem like a logical and good reason to do the conversions?

SLYKTAX

Thanks for the clarification on the second account on my pc/laptop: They won't see your account or tax returns as they give their own credentials when filing at the end (your return is in the first ...

Thanks for the clarification on the second account on my pc/laptop: They won't see your account or tax returns as they give their own credentials when filing at the end (your return is in the first account)

rjs

The blended tax rate is an essentially meaningless number. It has nothing to do with how your tax is calculated. You should ignore it. The blended tax rate is an attempt to give you an idea of th...

The blended tax rate is an essentially meaningless number. It has nothing to do with how your tax is calculated. You should ignore it. The blended tax rate is an attempt to give you an idea of the overall percentage of your income that you pay in tax. The basic idea is that it's the tax divided by income, expressed as a percentage. But exactly what taxes are included and what income is included is not clearly defined. You can find posts telling you how it's calculated, but they don't all say the same thing.

Taxwismn

Thanks for the suggestion. I am using the desktop version. I have tried variations of spaces etc and cannot make the error go away. By the way, the TIN I am using is the one I have used for severa...

Thanks for the suggestion. I am using the desktop version. I have tried variations of spaces etc and cannot make the error go away. By the way, the TIN I am using is the one I have used for several years and it always worked. I am working with the company to determine what had been their TIN. Awaiting a response. It definitely not a typo. Do you know if the TIN and the name of the company require an exact match? Also, is it possible TurboTax has an error in their IRS database?

MarilynG1

If your distribution from your 529 plan was less than or equal to the $10,000 lifetime limit available tax-free for student loan payments, you are not required to enter this information on your tax r...

If your distribution from your 529 plan was less than or equal to the $10,000 lifetime limit available tax-free for student loan payments, you are not required to enter this information on your tax return. The IRS only requires that information on a Form 1099-Q be entered on the tax return when there is a taxable distribution. Save your 1099-Q and student loan payment information with your tax records for at least three years in case of any inquiry from the IRS. For more information about 529 plan distributions and how they affect your taxes please see THIS article. Here's more detail on 529 Distribution for Student Loan Payment. @matto1

MaxA1

To talk to a TurboTax expert, log into your account and click on "Get expert help". From there, you'll want to select the Expert Assist option, and follow the prompts to get connected with someone. ...

To talk to a TurboTax expert, log into your account and click on "Get expert help". From there, you'll want to select the Expert Assist option, and follow the prompts to get connected with someone. The following links give more info on how to connect with an expert: How do I get TurboTax Experts? How do I connect with a tax expert in TurboTax Experts?

fla2025

I agree. I've reported it to TurboTax Support by phone, but it still wasn't fixed in the most recent software update. (I'm using the Windows desktop version.)

Hal_Al

Q. . Do I file in both MA and MD? A. No. Getting a W-2 or even a pay check from another state does not obligate you to pay tax to that state (it is not "MD source income").

phstephan

"Comparative sales" is the wrong value. It should be honor whatever value I select. I also tried to select "Average Sale Price" but the form shows "Comparative sales". How do we report this bug?

rdemyan

I am confused about taxes when taking Roth IRA distributions. Let me use a concrete example: 1) I am over 65 years old. 2) I already have a Roth IRA that is well over five years old. It has about $...

I am confused about taxes when taking Roth IRA distributions. Let me use a concrete example: 1) I am over 65 years old. 2) I already have a Roth IRA that is well over five years old. It has about $20K in it. 3) I have a traditional IRA that has $500K and I would like to convert to the Roth IRA over a five-year period (so, $100K per year for this hypothetical). 4) I do not plan to make any contributions to the Roth IRA in the future including this year (2026). As I understand it, any conversions that I make into the Roth IRA can be withdrawn tax free at any time (because they are not earnings) and penalty free (because I am older than 59.5 years). As I understand it, I am responsible for keeping track of the conversion amounts. Now, if I convert $100K in 2026 and withdraw $70K in early 2027 (before converting the planned annual amount for 2027 of $100K), then do I deduct $70K from the $100K entry in the column for year 2026 in my spreadsheet? Now what about earnings. Are the earnings subject to any five-year rule at all? If so, how can I possible parse out what portion of an earnings withdrawal applies to a specific conversion year. So, if I withdraw $20K of earnings in 2031, do I have to know which portions of that $20K apply to which conversion years? Also, does this mean that at the end of each year, I need to enter the earnings for that year into my spreadsheet as earnings for that year? If so, how do you handle subsequent years when earnings are also being made on conversions from prior years as well as any earnings from prior years that were not withdrawn?

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Re: The website says Depreciation and Amortization is ready. I still get "Depreciation and Amorti...

Re: California Form 568 Not Accepting SOS File Number

Re: Can u please call me back !!

Re: Why is its deductible being discontinued again? Last time, they asked users opinions and then kept it. It's a great tool!

Re: I am being charged for basic service on my federal return

Re: I have a single family home that I rent out. Any update on when Turbotax will have Depreciation and Amortization ready?

Re: How to handle on taxes re-selling a sporting event ticket?

Re: "Method used to determine the fair market value" for charitable contributions

Re: how do im report a long term gain on a land sale?

Re: Student loan information - how to record one-time payment

Re: Taxes on withdrawals of Roth conversions (including earnings) made, when over 65 years old, to an existing Roth IRA that is over 5 years old.

Re: Multiple Users Access

Re: Why did my blended Tax rate go up so much since last year when my income was basically the same. I think something is wrong with Turbo Tax.

Re: Getting TIN does not match when the TIN is correct

Re: Student loan information - how to record one-time payment

Re: hAVEN'T STARTED MY RETURN, JUST HAVE A COUPLE QUESTIONS HOW DO i CALL THEM?????

Re: "Method used to determine the fair market value" for charitable contributions

Re: nurse corps scholarship

Re: "Method used to determine the fair market value" for charitable contributions

Taxes on withdrawals of Roth conversions (including earnings) made, when over 65 years old, to an existing Roth IRA that is over 5 years old.

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