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4 weeks ago
Ok, I can verify the problem with that number. I will try and get some help. If you need to file in a hurry there may be a workaround by using a fake SSN in Turbotax and then using the correct tax ...
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Ok, I can verify the problem with that number. I will try and get some help. If you need to file in a hurry there may be a workaround by using a fake SSN in Turbotax and then using the correct tax ID number on the paper form that you need to mail to the IRS with the appraiser's signature.
4 weeks ago
Hello, I have a catering business working out of my restaurant. What is considered RAW materials? Thanks, Alex
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4 weeks ago
I keep trying to update turbo tax and keep getting an error message system runtime error
4 weeks ago
1 Cheer
Also For those using the Brave Browser..... From user: @jamesaheard " Then I remembered that Brave blocks popups and certain other things by default, which sometimes interfere with a legitimate...
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Also For those using the Brave Browser..... From user: @jamesaheard " Then I remembered that Brave blocks popups and certain other things by default, which sometimes interfere with a legitimate website. Before logging into the Fidelity page again, I clicked on the little red and white Brave icon (looks like a lion) at the right end of the address/search bar, clicked on the slider to turn off "Shields," and those two clicks solved the problem! I successfully imported multiple 1099s from my Fidelity accounts, and they showed up in the right places on Turbotax."
4 weeks ago
The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026
An amended return, Form 1040-X, can only be printed and mailed to the IRS if the or...
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The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026
An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return.
Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-curr...
4 weeks ago
Also For those using the Brave Browser..... From user: @jamesaheard " Then I remembered that Brave blocks popups and certain other things by default, which sometimes interfere with a legitimate...
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Also For those using the Brave Browser..... From user: @jamesaheard " Then I remembered that Brave blocks popups and certain other things by default, which sometimes interfere with a legitimate website. Before logging into the Fidelity page again, I clicked on the little red and white Brave icon (looks like a lion) at the right end of the address/search bar, clicked on the slider to turn off "Shields," and those two clicks solved the problem! I successfully imported multiple 1099s from my Fidelity accounts, and they showed up in the right places on Turbotax."
4 weeks ago
Steps to Retrieve or prepare Form 1040-ES in TurboTax Online:
Print Center (Existing Vouchers)
Sign in to TurboTax
Select Tax Tools
On the left side, click Print Center. ...
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Steps to Retrieve or prepare Form 1040-ES in TurboTax Online:
Print Center (Existing Vouchers)
Sign in to TurboTax
Select Tax Tools
On the left side, click Print Center.
Select Print, save, or preview this year's return.
Include Government and TurboTax worksheets.
The 1040-ES vouchers are usually found near the end of the document.
Generate New Vouchers
Log in to TurboTax
Go to the Federal
Click on Other Tax Situations.
Scroll Other Tax Forms
Select Start/Update for W-4 and estimated taxes.
Follow the interview.
When asked about creating 1040-ES vouchers for the next tax year, [Yes].
This generates the vouchers based on your filed return.
They can then be printed or saved as a PDF.
Or, you can pay directly via the IRS website.
4 weeks ago
You can delete the dependent, and re-enter their personal information, checking "NO" when the trump account option appears.
4 weeks ago
@LiDiPi wrote:
It is showing that I OWE over $700 in taxes. That isn't correct. If you do it by hand, they are using my total income to figure out what I owe. NOT my taxable income. I need a way...
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@LiDiPi wrote:
It is showing that I OWE over $700 in taxes. That isn't correct. If you do it by hand, they are using my total income to figure out what I owe. NOT my taxable income. I need a way to fix this problem. I'm MFJ and only I have an FSA, not my spouse. I currently cannot file because of this problem. I'm not paying money that I don't owe. Is there a way to report the REASON for the taxable income difference so that the program does what it is supposed to?
You might just owe tax because you did not have enough withholding.
There are no problems with Turbotax handling medical FSAs. The amount should already be removed from your box 1 W-2 wages. If you think your wages are reported incorrectly, you need to contact your employer and get an explanation or a corrected W-2.
(For example, suppose your gross salary is $1000/week, or $52,000 per year. You pay $100/ month in pre-tax medical insurance premiums ($1200/year). You contribute $100/month to a 401k ($1200/year). And you have a $2600 medical FSA. Your box 1 wages should only be reported as $47,000, because the pre-tax items should be subtracted from your wages.)
If your W-2 is wrong you have to talk to your employer, not Turbotax.
4 weeks ago
RRSPs and RRIFs are classified as "Specified Foreign Financial Assets" and should be reported in Part 1 if held in a bank or a brokerage.
You are correct that they are "Accounts," but the IRS ...
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RRSPs and RRIFs are classified as "Specified Foreign Financial Assets" and should be reported in Part 1 if held in a bank or a brokerage.
You are correct that they are "Accounts," but the IRS uses the word "Asset" in a broad sense. On Form 8938, a "Specified Foreign Financial Asset" is the category name, and an "Account" is just one type of asset under that category.
4 weeks ago
The best way to report this income as not Self-Employment income is to do the following.
Go to Federal > Wages & Income.
Scroll to the very bottom to Less Common Income.
Select Start/...
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The best way to report this income as not Self-Employment income is to do the following.
Go to Federal > Wages & Income.
Scroll to the very bottom to Less Common Income.
Select Start/Revisit next to Miscellaneous Income, 1099-A, 1099-C.
Select Start next to Other reportable income (the very last option).
Answer Yes to "Any Other Taxable Income?"
Description: Enter "1099-NEC Texas Higher Education Coordinating Board" (it is helpful to reference the form so the IRS can match it to their records).
Amount: Enter the total amount from Box 1 of the 1099-NEC.
@user17701452818
@subiedude1212
4 weeks ago
2 Cheers
The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026
You will have to wait for the IRS to either Accept or Reject your filed federal tax...
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The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026
You will have to wait for the IRS to either Accept or Reject your filed federal tax return. If the return is rejected you can make the necessary changes and e-file again. If the return is accepted you will have to amend your original tax return. An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return.
Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.
See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-curr...
4 weeks ago
For years, TT has had issues with reporting room and board and other education expenses, but this year it is totally busted with Mac Desktop. It does appear that we can override by putting in a doll...
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For years, TT has had issues with reporting room and board and other education expenses, but this year it is totally busted with Mac Desktop. It does appear that we can override by putting in a dollar amount on Line H of the Student work sheet where it says Adjusted Qualified Expenses applied. Writing in the amount equal to the 529 distribution squares everything up. Since that figure is not exactly accurate one would have to keep records of all their expenses which likely exceed that figure anyway. At least this way the tax amount is accurate as long as expenses really do equal or exceed the distribution. I do not believe the program deletes the entry when it is reopened, at least it hasn't yet. Also it doesn't really matter given what I wrote but the bug that puts in 10,000 or another amount- say the 1098 T box 1 for the used for credit line can be fixed by overriding with a $0.
4 weeks ago
I contacted a reputable tax prepared in reference to overtime taxes and was told that would begin next year so I completed and sent in my taxes. I then find out from fellow employees that they were ...
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I contacted a reputable tax prepared in reference to overtime taxes and was told that would begin next year so I completed and sent in my taxes. I then find out from fellow employees that they were able to claim their overtime and I do not know how to amend my return.
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4 weeks ago
Installed the 2/11 update. Still broken. Keep up the fine customer support, Turbotax!
4 weeks ago
When selecting "Distribute K-1s" in TurboTax Business 2024 or 2025 for Estate and Trust 1041 returns the Qualified Business Income Pass-through Entity Reporting Statement A—QBI is not included in the...
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When selecting "Distribute K-1s" in TurboTax Business 2024 or 2025 for Estate and Trust 1041 returns the Qualified Business Income Pass-through Entity Reporting Statement A—QBI is not included in the PDF created. It is easy to assume that TurboTax generated the K1s correctly, send them out and then later learn from others when doing their taxes that Statement A is missing. This is not in any way related to TurboTax Personal or on-line, only TurboTax Business for Windows. Interesting for 1065 Partnership or 1120S Sub S Corporations the QBI Statement is included. The work-around is to go to "Print/Save for Your Records" > "Save a PDF" and uncheck all forms and select only the desired K-1 and its associated "Statement A QBI Pass-Through Entity Report" A protected copy of my return has been sent, token num is: 624603 34-131 77434
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4 weeks ago
I had the same issue on Mac. I closed the 2025 version. I opened the 2024 tax return and ran version updates. I closed the 2024 version. I opened the 2025 version back up and my 2024 return transfe...
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I had the same issue on Mac. I closed the 2025 version. I opened the 2024 tax return and ran version updates. I closed the 2024 version. I opened the 2025 version back up and my 2024 return transferred with no issues.