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Checked and Turbo Tax program still not updated to finish tax returns.  I sure hope Turo Tax gets this completed so people can file tax returns for 2025.   Turbo Tax please update the program.   ... See more...
Checked and Turbo Tax program still not updated to finish tax returns.  I sure hope Turo Tax gets this completed so people can file tax returns for 2025.   Turbo Tax please update the program.   Thank you, Steve
I filed unusually early this year, a couple of weeks ago in fact, and my return has already been accepted by the feds (I was unable to file my state taxes yet). I discovered after filing that a bug i... See more...
I filed unusually early this year, a couple of weeks ago in fact, and my return has already been accepted by the feds (I was unable to file my state taxes yet). I discovered after filing that a bug in turbotax had caused it to mis-report one of my sources of income (in particular, it reported only about a third of my rental income for the rental property I've owned since 1996; this is not something it's ever made a mistake with before).   How do I handle this? I tried to amend right away, but the 1040-X form wasn't going to be available for a couple of weeks (it was supposed to be the 19th, but when I checked on the 19th, the date had been moved to the 25th). In addition, I'm seeing advice in this channel saying not to file an amended return until *after* you get your refund. If I do that, I'll be liable for penalties and interest which will be because of the turbotax bug. As far as I know, Intuit won't pay those. I would much rather amend before April 15th (which is something I've done before; there are no penalties for making mistakes before the 15th).   Also is there a way to *report* a bug like this?
Dawn,   Thanks for your response.  The situation is I have a second child sharing the marketplace policy that I cannot claim as a dependent.  And TurboTax does not have an option to add that second... See more...
Dawn,   Thanks for your response.  The situation is I have a second child sharing the marketplace policy that I cannot claim as a dependent.  And TurboTax does not have an option to add that second child.  Please advise.
@Ratts333 wrote: I have made estimated payments toward my North Carolina State taxes.  I can't seem to find where I enter these payments I have made on the state portion of my return. To e... See more...
@Ratts333 wrote: I have made estimated payments toward my North Carolina State taxes.  I can't seem to find where I enter these payments I have made on the state portion of my return. To enter, edit or delete estimated taxes paid (Federal, State, Local) - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button   On State estimated taxes for 2025, click on the start button
Your state estimated tax payments will serve as a credit your state tax liability and have to be entered on your tax return.   You enter your state estimated tax payments in the Federal section a... See more...
Your state estimated tax payments will serve as a credit your state tax liability and have to be entered on your tax return.   You enter your state estimated tax payments in the Federal section and they will flow through to your state return.   In TurboTax Online, you can enter the state estimated taxes you paid by following these steps:   Open your tax return Click on Federal in the left-hand column, then Deductions & 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 State estimated taxes for 2025.    
Hmm yeah I she not got mine either yet and my ddd is for today so I’m going to give it till a bit later if not I will have to see if I can call cross river bank or talk to someone with turbo tax 
If your transcript is unavailable it may be too early or the IRS may still be processing your return. Make sure you used the correct credentials to access your transcript. The IRS system may be exper... See more...
If your transcript is unavailable it may be too early or the IRS may still be processing your return. Make sure you used the correct credentials to access your transcript. The IRS system may be experiencing a high volume. Current year transcript availability   Have you used this IRS tool Where's My Refund? to check on the status of your refund. It provides updates regarding the processing of your tax return.    Click here for "How to Track an Income Tax Refund"   Please return To Community if you have any additional information or questions and we would be happy to help.  
Thanks for your assistance. I do have tax-exempt interest in box 12 of my 1099-DIV. However, there is no selection "Multiple States"  at the bottom of the drop-down list of states.
Michigan Compiled Law Section 206.30 determines whether a pension distribution is taxable or nontaxable to Michigan.   In TurboTax, in the Michigan state income tax return, at the screen Retireme... See more...
Michigan Compiled Law Section 206.30 determines whether a pension distribution is taxable or nontaxable to Michigan.   In TurboTax, in the Michigan state income tax return, at the screen Retirement Income and Pension Summary, the software determines the category of the pension distribution reported in the Federal 1040 income tax return.   The software identifies the nature of the pension distribution based upon the answers reported in the Federal income tax return at the screen Where is your distribution from? and What kind of retirement plan do you have with Retirement?   See the Michigan Retirement and Pension Benefits here.   Adjusted Gross Income (AGI) is calculated on your federal income tax return and is the starting point for your Michigan individual income tax return and may include your retirement or pension benefit distribution. AGI is the starting point for the individual income tax return.    MCL 206.30(9),(10), and (11) provides guidance on the retirement benefit subtraction. To determine your allowable retirement or pension subtraction, we must consider (1) if your retirement income is considered a qualified distribution and (2) what your tax treatment options are for a given tax year.   @brianclem62 
Tur otax is trying to steal my entire refund...
If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.   To fix this you need to allow ... See more...
If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.   To fix this you need to allow TurboTax to securely retrieve your data through your browser settings: Locate the View Site Information icon (the "tune" or "lock" icon) on the far left of your address bar, just before the URL. Find Local Network Access in the dropdown menu. Toggle the switch to ON. Refresh the page and attempt your import again. If permissions aren't the issue, one of the following factors may be at play: Brokerage Delays: While most forms arrive by January 31, many brokerages delay Consolidated 1099s (like the 1099-B) until mid-February due to complex reporting requirements. Availability: Your brokerage must specifically "release" the import file to TurboTax. If it isn’t ready, we recommend checking back. Connection Blocks: Active VPNs or aggressive Anti-Virus software can occasionally block the import feature between your bank and TurboTax. Try disabling them temporarily or switching to a different browser. Helpful TurboTax Articles: What if I can't import my 1099? How can I fix my 1099 import issue? How do I import my 1099s? How do I enter a large number of stock transactions in TurboTax?
One possibility is using the change in the price of natural gas by looking up the price as of the date you inherited it and comparing that the price when you signed the contract. Mineral Rights and T... See more...
One possibility is using the change in the price of natural gas by looking up the price as of the date you inherited it and comparing that the price when you signed the contract. Mineral Rights and Taxes - Know what you Need to Know Refer to number 6 where there are links that allow you to look up current and historical gas prices. In our case, there are no wells on the property. The contracted sale price was only $5,000 and the price of natural gas when my wife's mother died was 86% of what it is today. That suggests our basis is $4,300. The capital gain is only $700. In our situation, this is probably the most reliable indicator of the change in value over time.  If your situation involves a substantial amount of money, I recommend consulting an attorney. 
Very sorry for your loss.   You have not asked a question.   The proceeds of a life insurance policy are not taxable, so you do not enter that on a tax return.   Or...do you have some other question?
In general, the death benefit you receive from your sister’s life insurance policy is not taxable income and does not need to be reported to the IRS. However, if the insurance company pays any intere... See more...
In general, the death benefit you receive from your sister’s life insurance policy is not taxable income and does not need to be reported to the IRS. However, if the insurance company pays any interest earned on that money while they hold it, the interest is taxable. You should look out for a Form 1099-INT, which would only report that interest portion as income, if applicable.   See: Do I need to report life insurance? for more information.
A TurboTax Online account can only be used for one tax return. To do another tax return you have to create a separate TurboTax Online account. You can have up to 5 accounts with the same email addres... See more...
A TurboTax Online account can only be used for one tax return. To do another tax return you have to create a separate TurboTax Online account. You can have up to 5 accounts with the same email address. If you have to do more than one tax return it's usually less expensive overall to use the TurboTax Desktop software instead of TurboTax Online.  
Confused in this K1 year. I am filling for Tax tear 2025. At this time there is not K1 available but K1 for 2024 is available. So, Are we file with K1 of 2024? Please verify. Thx
Thank you for your assistance. All of my tax-exempt interest was found on my 1099-DIV form in box 12, so regarding your step 1, the Interest on my 1099-INT is 0.    Regarding your steps 2 and 3, I ... See more...
Thank you for your assistance. All of my tax-exempt interest was found on my 1099-DIV form in box 12, so regarding your step 1, the Interest on my 1099-INT is 0.    Regarding your steps 2 and 3, I don't see the question "My state (ME,MD,MA,NH,NJ, or WV)  doesn't tax all of this interest".   Nor do I see the question Which state is your tax exempt interest from?