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DianeW777

No, include the correct capital loss carryover on your 2025 tax return. The IRS will reconcile everything eventually and you should file the 2025 accurately based on the knowledge you have right now,...

No, include the correct capital loss carryover on your 2025 tax return. The IRS will reconcile everything eventually and you should file the 2025 accurately based on the knowledge you have right now, knowing the corrected figure. Yes, process the 2024 when you have it ready but do not hold up your 2025 return. Follow the instructions in the link below to obtain the necessary TurboTax Desktop products (2024 and 2023). The amendment can be completed using the steps below and if necessary you can use the IRS transcript for your original 2023 or 2024 tax return. How do I amend a tax return for a prior year? @user17711742943

MinhT1

You can remove this mention by revisiting the My Info section of TurboTax and editing the information entered for that person. Please go slowly and read carefully the questions.

babstax

The federal return has phased out all OBBBA benefits because of income limitations. South Carolina is adding back the increased OBBBA standard deduction even though I didn't benefit from it. Turbo T...

The federal return has phased out all OBBBA benefits because of income limitations. South Carolina is adding back the increased OBBBA standard deduction even though I didn't benefit from it. Turbo Tax was supposed to have an expert call me but no one has . . .

MaryK4

It depends- if the decedent itemized their deductions on their tax return for the year the refund applies to, the state tax refund would be taxable income to the estate, trust or recipient of the ref...

It depends- if the decedent itemized their deductions on their tax return for the year the refund applies to, the state tax refund would be taxable income to the estate, trust or recipient of the refund.

fowlerarch

I had the same issue with Turbotax miscalculating the percent of business use to lower than 50%. I found the problem was that the months (less than full year) for special allocation in the car and t...

I had the same issue with Turbotax miscalculating the percent of business use to lower than 50%. I found the problem was that the months (less than full year) for special allocation in the car and truck expenses worksheet would erroniously adjust the percent of business use. Since section 179 is not based on the amount of time used during the year, a work- around in the worksheet was to adjust the date placed in service at the start of the year.

Hkyounger

VolvoGirl

A 1099B is for sales. Dividends are reported on a 1099-Div. Did you maybe get a consolidated statement. That will have sections for 1099-Int and 1099-Div and 1099B and maybe some other 1099s. Y...

A 1099B is for sales. Dividends are reported on a 1099-Div. Did you maybe get a consolidated statement. That will have sections for 1099-Int and 1099-Div and 1099B and maybe some other 1099s. You need to enter each section in the right place. So read it carefully and look for headings.... 1099-INT for interest or 1099-DIV for Dividends or 1099B for sales. I highlight each heading with a yellow highlighter to find them. You don’t have to upgrade for dividends.

pdxkelly

Excellent. This confirms what I was thinking and appreciate the confirmation. Thank you very much!🙏🏼

nswartz99

I had HDHP in 2024 for the whole year and for 2025 I only had it for January. Then I went on Medicare for February onwards. When I answer the step by step, I indicated this. On form 8889 it shows th...

I had HDHP in 2024 for the whole year and for 2025 I only had it for January. Then I went on Medicare for February onwards. When I answer the step by step, I indicated this. On form 8889 it shows the year 2025 correctly in Part I, section 2.A. For Part III, Line 18, section B, it checks January as "None" and the rest of 2024 as Self-Only. I fixed this and then when I go back to step-by-step and answer the questions again, it reverts January 2024 to "none". I change that to Self Plan in Step-by-Step. Now when I go to the forms, Line 18, Section B has January as None and the rest as Self-Only. It seems to be confusing 2024(HDHP all year) with 2025 (HDHP only in January). It seems to not reflect the value selected for January in Step-by-step onto the 8889 form.

daniellecallahan22

Lajm

I have few deductions and would like to explore whether using standard or itemizing would be best for me and how TurboTax can help me do that ? Would it be beneficial for me tax wise to pay off my ...

I have few deductions and would like to explore whether using standard or itemizing would be best for me and how TurboTax can help me do that ? Would it be beneficial for me tax wise to pay off my $100,000 mortgage at 3 7/8 interest rate if using the standard deduction?

PatriciaV

We have tested QBI Passive Loss carryover from 2024 but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file to test this issue further. ...

We have tested QBI Passive Loss carryover from 2024 but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file to test this issue further. If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions: In TurboTax Desktop, open your return and go to Online in the TurboTax header. (On a Mac computer, choose Share or Help.) Choose Send Tax File to Agent. You will see a message explaining what the diagnostic copy is.  Click Send on this screen and wait for the Token number to appear. Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important. We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.

Brobin3960

profit and loss for farming

paralegallife88

why is my refund taking so long?

nicholasbyram

Do you know what the maximum income level is to not have to pay taxes on Social Security benefits?

shelleywebb8641

It wasn't, on there last year or the year before my husband was born and raised in the United States his parents as well.

DaveF1006

To clarify, Is the sale of your Nividia stock factored into the $95000 amount you mentioned earlier? @addicted2

MonikaK1

If you qualified for 2 withholding allowances based on your entries for 1a, then you can enter "2" in 1c, total allowances you are claiming. This would reduce your withholding: Line 1 - Allo...

If you qualified for 2 withholding allowances based on your entries for 1a, then you can enter "2" in 1c, total allowances you are claiming. This would reduce your withholding: Line 1 - Allowances: 1a: Enter total allowances from Worksheet A (Regular Withholding). 1b: Enter allowances from Worksheet B (Estimated Deductions), if applicable. 1c: Enter the total of 1a + 1b. Each allowance claimed reduces the amount withheld. If you have other significant sources of income, you could choose to reduce the withholding on one or more of them instead if applicable. See this California FTB webpage regarding withholding.

CatinaT1

If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access. To fix this you need to allow ...

If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access. To fix this you need to allow TurboTax to securely retrieve your data through your browser settings: Locate the View Site Information icon (the "tune" or "lock" icon) on the far left of your address bar, just before the URL. Find Local Network Access in the dropdown menu. Toggle the switch to ON. Refresh the page and attempt your import again. If permissions aren't the issue, one of the following factors may be at play: Brokerage Delays: While most forms arrive by January 31, many brokerages delay Consolidated 1099s (like the 1099-B) until mid-February due to complex reporting requirements. Availability: Your brokerage must specifically "release" the import file to TurboTax. If it isn’t ready, we recommend checking back. Connection Blocks: Active VPNs or aggressive Anti-Virus software can occasionally block the import feature between your bank and TurboTax. Try disabling them temporarily or switching to a different browser. Helpful TurboTax Articles: What if I can't import my 1099? How can I fix my 1099 import issue? How do I import my 1099s? How do I enter a large number of stock transactions in TurboTax?

mfernan35

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All Posts

Re: Capital Loss Carry Over

Re: how to remove not valid for employment in ref to soc number

Why is South Carolina is adding back a one big beautiful bill itemized deduction adjustment if I was phased out of all benefits on my federal return?

Re: is a state tax refund of deceased person taxable to the estate or to the trust of the decease...

Re: Section 179

Why it look like my state tax was not filed like my federal?

Re: I have Two 1099B forms showing $50 dividends each. Turbo tax says it’s required I upgrade for $150. Why the requirement. Can I opt out?

Re: I had stock sales (form 1099-B) When they were first acquired, they were RSUs. Several years ...

Form 8889 monthly checkboxes are not handled right by step-by-step

How do I enter a 1099-DIV for my 5-year-old child for approximately $300?

Paying off a mortgage

Re: 2025 form is picking up OBI passive op loss from 2024 return, but later give error "OBI passi...

I need to add a schedule f to my return but can't find it.

How soon will my refund arrive?

Re: Does Social Security get paid on Self Employment 'tax due'

how to remove not valid for employment in ref to soc number

Re: capital gains on stock sales

Re: How to adjust my CA DE-4 to prevent large tax refunds each year

Re: Importing from Morgan Stanley

is a state tax refund of deceased person taxable to the estate or to the trust of the deceased person?

Do you have a TurboTax Online account?

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