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a month ago
This also worked for me. Thanks for doing the research!
a month ago
Please clarify your question.
Are you in TurboTax Online, or are you using the Desktop version.
Did you receive a 1095-A?
A 1095-A can't be uploaded into TurboTax. Did you mean you pr...
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Please clarify your question.
Are you in TurboTax Online, or are you using the Desktop version.
Did you receive a 1095-A?
A 1095-A can't be uploaded into TurboTax. Did you mean you printed it out?
Did you enter the 1095-A into TurboTax?
What is the error message that you are getting when you're trying to file.?
@Ryan_garcia1
a month ago
Yes, you can enter the information from Form 1099-R in a trust return using TurboTax Business as follows:
Box 1/Box 2a: Go to Federal Taxes >> Income >> Other income or loss. Enter "1099-R Box ...
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Yes, you can enter the information from Form 1099-R in a trust return using TurboTax Business as follows:
Box 1/Box 2a: Go to Federal Taxes >> Income >> Other income or loss. Enter "1099-R Box 2a" as the description and the taxable amount from Box 2a.
Box 4: Go to Federal Taxes >> Other >> Other Tax Withholdings. Enter the amount from Box 4.
Boxes 14 & 15: This is state information that should be entered on the particular state return. In most cases, there is a topic for state tax withholding.
The tax-exempt interest would be reported under Federal Taxes >> Income >> Interest Income, using the "Tax Exempt Interest" box. You are creating a "mock" 1099-INT to report this interest on the trust return.
a month ago
This still does not answer the original question. Why does it say "most expensive" and then "all other"? This wording is very confusing and theres no explanation for it.
a month ago
You established a rental activity on Schedule E to record rental income.
In TurboTax Online, establish the rental activity by following these steps:
Down the left side of the screen,...
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You established a rental activity on Schedule E to record rental income.
In TurboTax Online, establish the rental activity by following these steps:
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & income.
Scroll down to Rentals, Royalties, and Farm. Click down arrow to the right.
Select Start / Revisit to the right of Rental Properties and Royalties.
At the screen Here's rental property info, select Add income to report rental income.
At the screen Here's rental property info, select Add expense or asset to report rental expense.
Select Add expense or asset to establish the rental property asset.
Answer the questions to establish the rental property asset and compute depreciation on the rental property asset.
Rental property income is reported on Schedule E Supplemental Income and Loss. See also this TurboTax Help.
a month ago
1 Cheer
@mhusenits You indicated that you are using the TurboTax desktop editions. When you are in the File section of the program and in the section for e-filing the state tax return, there is a screen tha...
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@mhusenits You indicated that you are using the TurboTax desktop editions. When you are in the File section of the program and in the section for e-filing the state tax return, there is a screen that asks if you want to Pay with credit card or Pay with Federal Refund. It is clearly shown that the Pay with Federal Refund option has a $40 service charge. You must have selected this option by mistake.
Go back to the start of the File section and review each screen as you will come to a screen that shows you can remove this $40 charge.
a month ago
Topics:
a month ago
Were you really trying to ask about an education credit?
https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit
a month ago
I'm trying to answer TT's question: Do these sales include any employee stock? I feel like saying yes, but the ownership is in our Trust's name.
Topics:
a month ago
Topics:
a month ago
Generally most states use the Federal Adjusted Gross Income, Form 1040 line 11, as the adjusted gross income for the state return. It might be different for your state, you would need to see your st...
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Generally most states use the Federal Adjusted Gross Income, Form 1040 line 11, as the adjusted gross income for the state return. It might be different for your state, you would need to see your state's forms or you can give us more information and we can assist you more.
How do I find last year's AGI?
a month ago
I am not talking about the $25 fee for e-filing the state...that has always been the case. I mentioned this AND that I purchased the software in my previous replies....READ!!! I am talking specifical...
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I am not talking about the $25 fee for e-filing the state...that has always been the case. I mentioned this AND that I purchased the software in my previous replies....READ!!! I am talking specifically about the $40 processing fee. You a bot? Don't you read and comprehend? Turbotax should not be charging any additional processing fees AFTER you purchase the software....that's just plain greedy. You can all suck it! I will definitely be using another software next year!
a month ago
Topics:
a month ago
I agree TT is at FAULT because my foreign taxes paid last year (2024 return) were not automatically picked up by TurboTax Premier version. Nor was there any notice given by TT to deal with Foreign Ta...
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I agree TT is at FAULT because my foreign taxes paid last year (2024 return) were not automatically picked up by TurboTax Premier version. Nor was there any notice given by TT to deal with Foreign Taxes paid separately after carefully putting all the brokerage information login into TT for the proper year-end tax data transfer into TT. TT should have said you need to file FORM 1116. Now the BIG QUESTION has TT FIXED this problem yet for Tax Year 2025 (current)????
a month ago
2 Cheers
I spoke with a Turbo Tax representative this morning and after going through all the standard checks she preceded to tell me they are aware of the issue and still working on an update. An hour waste...
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I spoke with a Turbo Tax representative this morning and after going through all the standard checks she preceded to tell me they are aware of the issue and still working on an update. An hour wasted to hear what I have already read online. No estimate as to when they will have an update
a month ago
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new...
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The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
The deduction is not on the same line as your standard deduction. It is shown separately.on line 13b.
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
(The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
Need to see it?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
If you are not getting the senior deduction it is because
Your date of birth in MY INFO shows that you were not 65 by the end of 2025
Your income is too high
You are filing married filing separately
a month ago
Some customers will need to allow the Intuit site permission to access your local network. If you have already denied permission, you will need to reset it.
In Chrome, you can do this by clic...
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Some customers will need to allow the Intuit site permission to access your local network. If you have already denied permission, you will need to reset it.
In Chrome, you can do this by clicking on the View Site Information icon to the left of the address bar. Turn on Local Network Access.
See Doug4 answer for details.
a month ago
I have entered my state tax refund multiple times and it shows that I should have something when going through the forms. However, when I get back to the Wages and Income screen is still says Avail...
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I have entered my state tax refund multiple times and it shows that I should have something when going through the forms. However, when I get back to the Wages and Income screen is still says Available Now. I can not seem to get this to work. Is there a technical issue and are others having this problem.