All Posts

You can find the instructions on the IRS website, here: 2025 Instructions for Schedule D (Form 1040).    Capital gain distributions are defined on page 2 as "These distributions are paid by a mutual fund (or other regulated investment company) or real estate investment trust from its net realized long-term capital gains. Distributions of net realized short-term capital gains aren’t treated as capital gains. Instead, they are included on Form 1099-DIV as ordinary dividends."

Are you sure this is needed?  Desktop Deluxe and Premier support the same forms and import.  You may be getting a screen heavily suggesting you should upgrade to Premier for more 'help' but not requiring it.

@IHateTurboTax  I just tried your solution as well and 25a is now marked "No". I just resent mine and it's pending. Guess we'll see.   TT response to this and quality control seems pretty lacking/concerning. Time to look for another solution after using them for years....   Thanks for all your hard work!

You're welcome!  In 2026 (and every year) you won't net the refunds and payments.  You will enter the refund like normal in the income section.  Then, separately, report the payment you made. In your 2026 software, Go to Federal > Deductions and credits >  Deductions and credits summary > Estimates and Other Taxes Paid >Income Taxes Paid > Other Income Taxes Paid in 2026 > Payments for 2024 or a prior year state or local income taxes paid in 2026.  

In general, you cannot take depletion on a Lease Bonus.  You would still report as Rent.  When asked for the type of property, select the option for rental/royalty and confirm it is for a mineral rights lease. See Tips on Reporting Natural Resource Income.

We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses. Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.  If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.  

It depends. If you are filing a joint Federal return, you don't have to split the wages or other income items just because you live in a community property state. When you file jointly, you report all income from all assets.    When you file separately, you must follow your state's definition of separate and community property. As you already noted, you would split your wages equally. Similarly, split withholding, deductions, and credits, as each spouse is only responsible for their 50% share (withholding is shown on Line 11 of Form 8958). Also, if you file Married Filing Separately, you must either both itemize or both take the standard deduction.   The IRS suggests married couples in community property states look at their tax situation under both joint and separate filing options to determine which version saves them the most. Filing a joint return may be less complex and qualify you for tax credits. Filing separately depends on your situation and how your itemized deductions stack up against the Standard Deduction.   When you live in a community property state and file separate returns, you each must report 50 percent of your spouse's income and half of income generated by community assets, plus all of your separate income. The IRS has an allocation worksheet to simplify your calculations in Publication 555 Community Property. You also have to decide who will claim dependent children.   You can use TurboTax Online to test different scenarios before deciding to file jointly or separately. Click here for more information. Once you decide, you can use either Online or Desktop to prepare the return(s).   Click here for tax tips for community property states.   See this tax tips article for more information about entering information on Form 8958.  

I was completely stumped by this also.  So I exported my 1099B to Excel, deleted all the sales that resulted in losses and then added up the gains.  I came up with the number that Turbo Tax is using.  This assumes that you entered every transaction on your 1099B not just a summary.  I really don't know if this is correct but the tax expert that answered this question at one point gave the answer from the IRS 1116 instructions.  Not sure if the interpretation of the instructions is correct but using that person's answer, I came up with the number.  It would be helpful if Turbo Tax created a worksheet for this number.  

I mean this category should not be needed for munis either, which will be automatically reflected on 760 Line 2 as an addition to income if taxed in VA, based on how the state-specific questions after the 1099 input are answered.   Outside of Munis I suppose it would be an uncommon situation like "Indian tribal government bonds" (see Publication 550).   Either way - this entry will add to VA tax on Line 2 rather than subtract on Line 7.

1040 Schedule D https://www.irs.gov/pub/irs-pdf/f1040sd.pdf   1040 Schedule D instructions https://www.irs.gov/pub/irs-pdf/i1040sd.pdf   Schedule D line 13 Capital Gains comes from 1099Div box 2a and maybe from a K-1 .   I made a screenshot of 1099Div

I wish I could get to this section of the TT 2025 EasyStep interview, but those screens and the questions about requesting a waiver do not show up on TT 2025 Premier Desktop (for Mac). I am having to use Forms which is assuming I have to pay the penalty in my case (even tho I completed an RC - reasonable cause - in the Forms). It saved the form but that explanation is not showing up in the PDF file for the entire return being submitted and the penalty is still being included.