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March 1, 2026
7:33 AM
Please review the qualifications below for claiming a Section 179 deduction for commercial property, then revisit your entries for your new asset.
To qualify for a Section 179 deduction, the as...
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Please review the qualifications below for claiming a Section 179 deduction for commercial property, then revisit your entries for your new asset.
To qualify for a Section 179 deduction, the asset must be:
Tangible (you're able to touch it, which excludes intangible assets like patents or copyrights)
Purchased (not leased) for business use
Used more than 50% in your business
Placed in service (purchased, acquired, or converted to business use) during the current tax year
Acquired from a nonrelated party
The Section 179 deduction can't be claimed for business assets that were acquired in a tax-free exchange or from a person or entity with whom you share a close relationship as specified by the IRS.
You can't claim a Section 179 deduction for more than $2,500,000 in qualified assets. The deduction is reduced if the total of all Section 179 assets you placed in service during the tax year exceeds $4,000,000.
Your Section 179 deduction amount can't exceed your net business income for the year, but if it does, you can carry the excess over to a future tax year.
March 1, 2026
7:32 AM
My mutual fund list a percentage of total ordinary dividends from U.S.Government Obligations but does not list any ordinary dividends. My fund only lists qualified dividends. My fund does not list ...
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My mutual fund list a percentage of total ordinary dividends from U.S.Government Obligations but does not list any ordinary dividends. My fund only lists qualified dividends. My fund does not list any interest. Does this mean I can deduct the percentage from U.S. Government Obligations from the qualified dividends for my state exempt dividends as I would for Ordinary dividends? Can you explain why the fund list percentage of income from U.S. Government Obligation if the fund , or at least my portion, does not have any ordinary dividends? Thank you!
March 1, 2026
7:32 AM
On your 1099-R, Box 9a (Percentage of Total Distribution) indicates that a retirement distribution is split among multiple people (e.g., death or a divorce).
If you are the only recipient, than...
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On your 1099-R, Box 9a (Percentage of Total Distribution) indicates that a retirement distribution is split among multiple people (e.g., death or a divorce).
If you are the only recipient, than the value is 100%. If there are two beneficiaries receiving an equal split, the value would be 50%.
When the program asks for the information in Box 9a, it is asking only about the current 1099-R you are looking at; you should not calculate a percentage based on the sum of both forms.
On Form #1, if it says 100% (or is blank), enter 100 for that entry.
On Form #2, enter whatever is written there (probably 100 again).
If the program asks for an entry (even if it is blank), you can enter 100 (a blank box usually signals that you were the sole recipient of that specific distribution.).
March 1, 2026
7:31 AM
In box 14 of the W-2, select Overtime as the Category.
March 1, 2026
7:30 AM
Can you clarify, you have completed your tax return in TurboTax and are unable to pull up the tax return now?
March 1, 2026
7:30 AM
Topics:
March 1, 2026
7:30 AM
If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addit...
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If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addition to your ID number. This document number is an 8- or 10-digit alphanumeric number found in the lower right corner of your ID, or on the back if the ID was issued after January 28, 2014. The document number starts after "IDUSA.”
You can see examples at the New York Department of Motor Vehicles website.
March 1, 2026
7:30 AM
This did not seem to be an option in the online version. After hours on the phone with Turbo Tax, I switched to the download version and had no problem.
March 1, 2026
7:29 AM
The acquisition date is used to determine if a sale of capital assets will be given long-term or short-term tax treatment; so you'll need to enter a value (or values, if using multiple sales subtotal...
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The acquisition date is used to determine if a sale of capital assets will be given long-term or short-term tax treatment; so you'll need to enter a value (or values, if using multiple sales subtotals) that accurately reflects whether these are sales of assets you have held for at least 1 year or not. If your 1099 does not report the necessary information, you'll need to rely on your broker records.
Assets held for over a year get favorable long-term capital gain treatment when sold, and so attention-to-detail could impact your bottom line - do all of the acquisition dates qualify as either all long-term or all short-term sales? If so, you can enter the most recent date to reflect that character across all the sale lots combined.
If some of the acquisition dates were at least a year before the date of sale, and some were within 1 year of sale, then you'll need to break those out separately, and report additional sales totals for the portion that is short-term in nature.
See: TurboTax - Capital Gains and Losses
March 1, 2026
7:29 AM
If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addit...
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If you are filing a New York state tax return for the 2025 tax year and have a New York-issued identification (driver's license, permit, or non-driver ID), you must enter the document number in addition to your ID number. This document number is an 8- or 10-digit alphanumeric number found in the lower right corner of your ID, or on the back if the ID was issued after January 28, 2014. The document number starts after "IDUSA.”
You can see examples at the New York Department of Motor Vehicles website.
March 1, 2026
7:28 AM
That box is irrelevant unless you are trying to get earned income credit.
March 1, 2026
7:28 AM
Oregon credit for ABLE account contributions is limited due to AGI. Turbo Tax is using wrong amount on our return.
Topics:
March 1, 2026
7:28 AM
I am attempting to understand why line "k" in Part 1 has a 66% reduction to actual dividends. There doesn't seem to be any method of understanding this result and from various other sources I suspec...
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I am attempting to understand why line "k" in Part 1 has a 66% reduction to actual dividends. There doesn't seem to be any method of understanding this result and from various other sources I suspect that the haircut is too severe. How does one get to this calculation?
March 1, 2026
7:28 AM
1 Cheer
Thank you!!! You’ve restored my loyalty and love for Turbo Tax. Submitting my file and having you investigate and resolve was a huge blessing given the delays and downtime with this issue. I hope ...
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Thank you!!! You’ve restored my loyalty and love for Turbo Tax. Submitting my file and having you investigate and resolve was a huge blessing given the delays and downtime with this issue. I hope all users resolve their problems as well. In all the decades that I’ve used TurboTax to file corporate (business) and personal returns, I don’t recall ever having an issue that an update didn’t resolve quickly. So this was a very frustrating year for this.
March 1, 2026
7:27 AM
If you could provide some additional detail on which question 32 and 32B you are trying to access, then we can give you better guidance on where to let you know how to locate these entries. For inst...
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If you could provide some additional detail on which question 32 and 32B you are trying to access, then we can give you better guidance on where to let you know how to locate these entries. For instance, let us know the specific form and whether it's a Federal or a State form and why you are trying to change the entry.
March 1, 2026
7:27 AM
Yes. Form 1099-DA reports digital asset proceeds from broker transactions.
Report your Form 1099-DA digital asset sales and any other cryptocurrency transactions in TurboTax Online in Wages & I...
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Yes. Form 1099-DA reports digital asset proceeds from broker transactions.
Report your Form 1099-DA digital asset sales and any other cryptocurrency transactions in TurboTax Online in Wages & Income>Investments and savings>Add Investments>Enter a different way>select Digital Assets.
Here is a TurboTax article about Form 1099-DA for more information:
What Is Form 1099-DA and What Does It Mean for Crypto Investors?
March 1, 2026
7:27 AM
I saw the message and did not upgrade. However, unlike others, I was unable to get 1099-B from my Chase bank. Anyone else have this problem? I really don't want to upgrade. Help!
March 1, 2026
7:27 AM
My rejection email from TurboTax has only the following for a guide to what happened, but I do not know how or what to fix: "/Return/ReturnData/IRS1040X/NetChangeOrigRptOrPrevAdjGrp/TotalAdditionalD...
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My rejection email from TurboTax has only the following for a guide to what happened, but I do not know how or what to fix: "/Return/ReturnData/IRS1040X/NetChangeOrigRptOrPrevAdjGrp/TotalAdditionalDeductionsAmt - Data in the return is missing or invalid. Please double check your entries." Any assistance will be much appreciated.
March 1, 2026
7:27 AM
I am not happy with TurboTax 2025, the support asked me to wait for amendment and finally when it was available yesterday, the 1040-X failed twice to E-file my return!!! What a mess??? What time the ...
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I am not happy with TurboTax 2025, the support asked me to wait for amendment and finally when it was available yesterday, the 1040-X failed twice to E-file my return!!! What a mess??? What time the correct update will be available? I cannot expect such software disaster from intuit.
March 1, 2026
7:26 AM
(DESKTOP DELUXE) -- I downloaded two Schwab accounts for the taxpayer. I see that both uploaded successfully, totals tie to the actual 1099s. I go back to the input section and I see all the numbers ...
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(DESKTOP DELUXE) -- I downloaded two Schwab accounts for the taxpayer. I see that both uploaded successfully, totals tie to the actual 1099s. I go back to the input section and I see all the numbers by account. Two 1099s for dividends, Two 1099s for interest and two 1099-B for securities. All the input pages (where one enters info by category) have the imported information. I agreed it to the actual 1099 pdfs. So all is GOOD so I thought. So now I review FORMS. Thankfully all the 1099B information is on the Forms 8949 and Schedule D. Many transactions and the totals tie to the sum of the two 1099Bs. What a relief, many transactions and quite impressive all is good. The Problem >> 1040 Schedule B (and the Form 1040) only includes interest and dividends from one of the accounts despite it being in the input sections of income. I deleted the 1099s for both account and re-imported. No change still missing the interest and dividends from that one account. I delete the 1099 div and Int for that one account and re-enter manually. Now all the information is on the Schedule B and the Form 1040. YOU MUST REVIEW THE FORMS TO BE SURE ALL THE IMPORTED INFO HAS BEEN COLLECTED. Never had this problem before. I've always built a spreadsheet before importing summarizing the totals from the multiple 1099 imports and compare to the final 1040 forms. Never had this issue in the almost 10 years I've been using desktop Turbo Tax. Anyone else ?? Thank you - KB