All Posts
a month ago
1. I amended my 2022 return to correct foreign taxes paid/foreign income from investment income. The IRS owed me a small sum as a result of the correction (say $150 as an example). I never received d...
See more...
1. I amended my 2022 return to correct foreign taxes paid/foreign income from investment income. The IRS owed me a small sum as a result of the correction (say $150 as an example). I never received direct payment from them. The following year on my 2023 return I noticed that $150 was compensated to me in form 1116 (seen in the worksheet) in the foreign tax paid carryover calculation from 2022, as an increase in credit utilised. Is that correct? Shouldn't it have been a decrease in credit utilised? 2. If I have to amend 2022 one more time, because the amount of foreign income was still not correct on the amended 2022 return, this is going to register as a payment that I now owe the IRS. But seeing that these figures are dealt with only on form 1116 as relates to carryover foreign tax credit, should I avoid sending off a check to the IRS and just wait for it to sort itself out in form 1116?
a month ago
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
...
See more...
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
@Llorenteil
@mguerreroj
a month ago
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
a month ago
You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner. The IRS does not allow ...
See more...
You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner. The IRS does not allow you to take it back.
If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.” The changes will go nowhere.
Now you have to wait until the IRS either rejects or accepts your return. If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.
If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund. THEN you can prepare an amended tax return and e-file or mail it in. You have to be able to work from that return exactly the way it was when it was e-filed originally. You will need to use a form called a 1040X.
Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself. Sit tight and wait until you see what the IRS does with the return you just e-filed
The Form 1040X is scheduled to be available on February 19. The date is subject to change, so check on 2-19 to see if it is ready. Before that, do not change anything at all on your return.
a month ago
1 Cheer
To claim the vehicle loan interest deduction in TurboTax Online, navigate to:
Tax Home
Federal
Deductions & Credits
Other Deductible Expenses
Cars and Other Things You Own
Ca...
See more...
To claim the vehicle loan interest deduction in TurboTax Online, navigate to:
Tax Home
Federal
Deductions & Credits
Other Deductible Expenses
Cars and Other Things You Own
Car Loan Interest, Start
If you're using TurboTax Desktop, select Forms to edit Schedule 1-A directly, where applicable.
Learn more here about the qualifying requirements: TurboTax - 'What is the vehicle loan interest deduction?'
a month ago
I was not charged a $40 processing fee until this year. That sucks! You advertise a free federal e-file. Very deceptive. Perhaps a class action is needed. Anyway...I'll just file by mail...turbotax c...
See more...
I was not charged a $40 processing fee until this year. That sucks! You advertise a free federal e-file. Very deceptive. Perhaps a class action is needed. Anyway...I'll just file by mail...turbotax can suck it!
a month ago
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
...
See more...
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
@debwilmot30
@baldietax
a month ago
Sorry---you cannot seek the refund advance after you e-file.
a month ago
2 Cheers
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
...
See more...
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
@tonyjaviers
@baldietax
a month ago
did you find a solution???
a month ago
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS. ...
See more...
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS.
First, check your e-file status to see if your return was accepted:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
To track your state refund:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh
.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act. Do not expect your refund before early March
https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US
Note: “Accepted” is not the same as “approved”. TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing. Only the IRS can approve of the refund, which is a later stage of processing. If the IRS approves your refund they will provide a date for the refund to be issued.
FROM THE IRS WHERE’S MY REFUND SITE:
https://www.irs.gov/wheres-my-refund
How it works
Where's My Refund shows your refund status:
Return Received – We received your return and are processing it.
Refund Approved – We approved your refund and are preparing to issue it by the date shown.
Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.
a month ago
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
...
See more...
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
a month ago
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
...
See more...
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
@user17710099015
@crosent344
a month ago
Thank you, that worked!
a month ago
Did you buy the Desktop download program? Why did you buy 2 codes? The Desktop program can do unlimited returns and efile 5 federal for free. You get 1 free state download program BUT it is $25...
See more...
Did you buy the Desktop download program? Why did you buy 2 codes? The Desktop program can do unlimited returns and efile 5 federal for free. You get 1 free state download program BUT it is $25 to efile each state return including the first one. If you didn’t get charged for the first state efile you may have selected to have it deducted from your refund. Or did you somehow end up in the Online version?
a month ago
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
...
See more...
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
@kdearborn14
@user17710097333
a month ago
@MindyB wrote: if your personal use of the home was for less than 14 days (or less than 10% of the days it was rented), the IRS treats the property primarily as a business. The IRS provides f...
See more...
@MindyB wrote: if your personal use of the home was for less than 14 days (or less than 10% of the days it was rented), the IRS treats the property primarily as a business. The IRS provides for a "special allowance"; a deduction of up to $25,000 in losses if there is active participation and the owner has MAGI of less than $150,000 (the $25,000 starts to phase out at $100,000). Further, if the rental is used for personal purposes more than 14 days or more than 10% of the days rented, which is greater, then the rental is no longer treated as a passive activity.
a month ago
It depends. You may need to link your Credit Karma account information to your TurboTax Online account by follow the steps in the link below.
Linking your TurboTax Account to Credit Karma
If...
See more...
It depends. You may need to link your Credit Karma account information to your TurboTax Online account by follow the steps in the link below.
Linking your TurboTax Account to Credit Karma
If this does not resolve your experience you can contact TurboTax using the link below.
How do I contact TurboTax?
Please update with additional details if you need further assistance.
a month ago
Several states do not have a state income tax. So these states will not show up in certain drop down lists. Leave boxes 15, 16, and 17 blank when you enter a W-2 for these states.
Alaska, F...
See more...
Several states do not have a state income tax. So these states will not show up in certain drop down lists. Leave boxes 15, 16, and 17 blank when you enter a W-2 for these states.
Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming
a month ago
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
...
See more...
I've been advised today by management that the work on the depreciation section of TurboTax is continuing and expected to be completed with an update coming the evening of Thursday, February 19th.
@baldietax
@pranathiforever