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a month ago
If you prepared the 2024 with TurboTax Online, sign in to your account and scroll down to the Your tax returns and documents section. Expand it and select 2024 to find your returns for that tax yea...
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If you prepared the 2024 with TurboTax Online, sign in to your account and scroll down to the Your tax returns and documents section. Expand it and select 2024 to find your returns for that tax year. You will receive a 1099-R to report any military retirement income.
a month ago
There are 8 states that do not tax their residents' income: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming. For W2 - if your state is not listed it doesn't have...
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There are 8 states that do not tax their residents' income: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming. For W2 - if your state is not listed it doesn't have an income tax. Leave W2 boxes 15,16, & 17 BLANK, empty, no spaces. For 1099R - If box 14 for state withholding is empty then leave all boxes 14-16 Blank. If box 14 has an amount and box 16 is blank put in the amount from box 2a in box 16. If box 2a is blank, and you haven't made after-tax contributions to the account, you can use the amount in box 1.
a month ago
If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax. You can use TT’s partner, sprintax:
https://www.sprintax.com/non-resident-alien-...
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If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax. You can use TT’s partner, sprintax:
https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html
IRS —HOW TO DETERMINE RESIDENCY STATUS FOR TAX
https://www.irs.gov/individuals/international-taxpayers/determining-an-individuals-tax-residency-status#:~:text=If you are not a,January 1 – December 31).
a month ago
How does Turbo-T know whether to put checkmark on 1040-SR re "Main Home?
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a month ago
It depends on the state:
Some states let you click the back button until you get there.
Some states make you go all the way through to the end of the state before you can edit your county. Ke...
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It depends on the state:
Some states let you click the back button until you get there.
Some states make you go all the way through to the end of the state before you can edit your county. Keep going forward in your return and when the program is happy it will say Let's Review. You can edit your county from there.
a month ago
Box 14 on a W-2 can be used for anything the payroll department wants to use it for. Some codes are picked up by tax software but most are not relevant, not recognized, and not used. Your Box 14 ma...
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Box 14 on a W-2 can be used for anything the payroll department wants to use it for. Some codes are picked up by tax software but most are not relevant, not recognized, and not used. Your Box 14 may be reporting to you what your employer added to your wages in Box 1. For the NON-QUALIFYING SALES: SQD is usually used in Box 14 on a W-2 for Non-Qualifying sales. If you were still employed when the ESPP was sold, the "Bargain Element" (Discount) for the Non-Qualifying sales should have been included in your wages in Box 1 on your W-2. That income will not be claimed by you a second time. That number may also have been reported in Box 14 code SQD on your W-2 as an FYI to you. For the QUALIFYING SALES: SDD usually stands for State Disability Insurance, but it could have something to do with your stock sales. Make sure you know which it is. TurboTax cannot tell you. If the price on the shares that you purchased (and held to be considered "Qualifying Sales") increased between the Offering date and the Exercise Date, the discount (or the profit on the sale whichever is less) is reported as income. This only for Qualifying Stock that increased between Option and Excersise. The Capital Gain is what is reported on your 1099-B. The capital gain (or loss) is not reported on your W-2. Be sure to complete the interview after entering your 1099-B. Here is a TurboTax link with more information
a month ago
When you enter a 1099R for a pension you just say it was all an RMD. A pension that pays you monthly meets RMD requirements.
a month ago
I have a $2000 disallowed loss in 2024 from a stock wash sale. I understand I couldn't write it off in 2025(2024Tax Year) but I thought I could write it off now (2025 tax year)? If so, how to I inpu...
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I have a $2000 disallowed loss in 2024 from a stock wash sale. I understand I couldn't write it off in 2025(2024Tax Year) but I thought I could write it off now (2025 tax year)? If so, how to I input it in Turbo Tax 2025? Thanks!
a month ago
Check in your forms list and make sure you do not have multiple 1099-DAs entered. If you do, delete them. And when you entered your from, did you change the default answer to YES? on the Did you ...
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Check in your forms list and make sure you do not have multiple 1099-DAs entered. If you do, delete them. And when you entered your from, did you change the default answer to YES? on the Did you get a 1099-DA? screen?
How to delete forms in TurboTax Online
How to delete forms in TurboTax Desktop
a month ago
I was informed that the update to depreciation/amortization would be ready 2/13/2026 - I tried it and it is not ready - Don't know when it will be ready and there are no new updates listed in TurboTa...
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I was informed that the update to depreciation/amortization would be ready 2/13/2026 - I tried it and it is not ready - Don't know when it will be ready and there are no new updates listed in TurboTax update site Martin
a month ago
My W2 comes with X amount of CA wages, which is pretty close to the RSUs I sold. But I only worked in CA until 2023... do I need to calculate the days worked in CA factors myself to figure out what to...
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My W2 comes with X amount of CA wages, which is pretty close to the RSUs I sold. But I only worked in CA until 2023... do I need to calculate the days worked in CA factors myself to figure out what to enter in "How much of your salary from federal form W2 did you earn in California?"
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a month ago
Is there a Required Minimum Distribution for non employee contribution pensions?
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a month ago
The confirmed they have mine. Says won’t be sent to my bank until TT deducts their fees. They’ve had them since 2/4. It’s not 2/13. Still nothing.
a month ago
The TurboTax does not allow you to efile neither the FEDERAL nor the STATE if you need to complete 7217. Do not waste your time.
a month ago
HOW CAN I DOWNGRADE TO A LOWER VERSION
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m6ilzad...
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HOW CAN I DOWNGRADE TO A LOWER VERSION
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m6ilzady
WHY DO I HAVE TO PAY? I WANT THE FREE EDITION
The information that you can enter in Free Edition is pretty limited now. Thanks to the tax laws that began for 2018 returns, there are no more simple Form 1040EZ or 1040A's. Everything goes on a Form 1040 that has three extra "schedules" with it, and if you need any of those schedules, you are not able to use the Free Edition. Using the standard deduction instead of itemizing does NOT mean you will not need any of those schedules. If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.
TurboTax Online: Important Details about Filing Simple Form 1040 Returns
If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible.
Examples of situations included in a simple Form 1040 return (assuming no added tax complexity):
W-2 income
Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B
IRS standard deduction
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
Student loan interest deduction
Taxable qualified retirement plan distributions
Examples of situations not included in a simple Form 1040 return:
Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions
Unemployment income reported on a 1099-G
Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers)
Stock sales (including crypto investments)
Income from rental property or property sales
Credits, deductions and income reported on other forms or schedules
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
Or—-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
a month ago
1 Cheer
Apparently, this has been a known issue for weeks. I've used Turbotax for many years and never seen anything like this. I'm trying out FreeTaxUSA. So far it is pretty nice. If it gets past this i...
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Apparently, this has been a known issue for weeks. I've used Turbotax for many years and never seen anything like this. I'm trying out FreeTaxUSA. So far it is pretty nice. If it gets past this issue with room and board payed via 529, I think I'll just move to that from now on.
a month ago
Not sure what you mean by "not calculating" your AGI. If you are trying to e-file 2025 you need to look at your 2024 Form1040 (your tax return) and find your 2024 AGI on line 11 of the form. Tha...
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Not sure what you mean by "not calculating" your AGI. If you are trying to e-file 2025 you need to look at your 2024 Form1040 (your tax return) and find your 2024 AGI on line 11 of the form. That is what you need in order to e-file 2025.
Do you need to find your 2024 tax return
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
a month ago
I am trying to finish my state taxes and it seems weird that the program wouldn't take it into account, but the questions aren't very clear.
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