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a month ago
Did you use the Business program to do an 1041 Estate/Trust return? What did you use to file her personal return? If you need to do a personal 1040 return you still need to buy a personal version....
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Did you use the Business program to do an 1041 Estate/Trust return? What did you use to file her personal return? If you need to do a personal 1040 return you still need to buy a personal version. You can have the Business program and a personal program installed at the same time. FYI - All the personal Desktop programs have the same forms. You just get more help and guidance in the higher versions. You can buy the Desktop Download program directly from Turbo Tax here, https://turbotax.intuit.com/personal-taxes/cd-download/ The Desktop program can do unlimited personal returns and efile 5 federal for free. The state is $25 to efile or you can print and mail state for free.
a month ago
1 Cheer
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 ...
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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?
a month ago
Topics:
a month ago
1 Cheer
What is the latest update? I started my taxes today and I am unable to enter room and board expenses.
a month ago
If the 529 was completely used for qualified expenses like room and board, then it should not be entered. It should be kept in your tax file along with the expenses it covered. IRS Publication 970, T...
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If the 529 was completely used for qualified expenses like room and board, then it should not be entered. It should be kept in your tax file along with the expenses it covered. IRS Publication 970, Tax Benefits for Education states that nontaxable distributions should not be entered.
a month ago
Topics:
a month ago
You shouldn't enter the previous year's missed depreciation since an adjustment will be entered on the Form 3115 to account for that. TurboTax will accrue the proper accumulated depreciation when you...
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You shouldn't enter the previous year's missed depreciation since an adjustment will be entered on the Form 3115 to account for that. TurboTax will accrue the proper accumulated depreciation when you sell the asset regardless of what you entered, as per IRS regulations. The program will also enter the correct depreciation in the current year based on the cost, date put into service and the type of asset entered. So, it isn't necessary to make an adjustment to actual depreciation entered.
[Edited 2/17/26 at 3:55 PST]
@annmci
a month ago
Are you using the refund amount from line 35a of your Form 1040?
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Sometimes people get confused by the “summary” given by TurboT...
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Are you using the refund amount from line 35a of your Form 1040?
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Sometimes people get confused by the “summary” given by TurboTax and use the wrong amount for the federal refund. Make sure you are only using the federal refund amount, and not an amount that combined your federal and state refunds.
Your federal refund amount is on line 35a of your Form 1040
https://www.irs.gov/refunds
a month ago
Topics:
a month ago
What would be my filing status as non-custodial parent if this year my turn to claim child tax credit based on decree court ? My child lived with custodial parent all the year.
a month ago
Your state return can be amended using the steps in the link below for 2023 and 2024. You will have to use TurboTax Desktop and begin with the federal even though you are not changing or amending tha...
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Your state return can be amended using the steps in the link below for 2023 and 2024. You will have to use TurboTax Desktop and begin with the federal even though you are not changing or amending that return.
After you enter the 1099-R, TurboTax will ask you ''Where is this distribution from?''. As long as you select the 'Bailey settlement' button, TurboTax will apply the deduction to your NC state return automatically.
How do I amend my state return?
How do I amend a federal return for a prior year?
Note: IRAs are not Bailey eligible. IF it was an IRA, then you can't claim Bailey Settlement for that distribution.
@thomaspacker1
a month ago
Have you been able to check? Its the 17th & I still can’t
a month ago
The max for 2025 is $77,500. How can this be fixed?
Topics:
a month ago
it’s saying in putting the wrong information in but im outting the right information in
Topics:
a month ago
Looks like I have THREE Microsoft C++ apps: Microsoft Visual C++ 2010 x86 Redistributable - 10.0.30319 (dated 3/26/2024) Microsoft Visual C++ 2015-2022 x86 Redistributable (X64) - 14.44.35211 (dat...
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Looks like I have THREE Microsoft C++ apps: Microsoft Visual C++ 2010 x86 Redistributable - 10.0.30319 (dated 3/26/2024) Microsoft Visual C++ 2015-2022 x86 Redistributable (X64) - 14.44.35211 (dated 2/8/2026) Microsoft Visual C++ 2015-2022 x86 Redistributable (X86) - 14.44.35211 (dated 2/8/2026) I'm suspecting the last two because they're the closest to the most recent Microsoft system update. Three weeks ago I opened last year's TurboTax to grab a document and now I can't even open that version of TT. Do I get rid of all 3 MS Visual C++ apps?
a month ago
When you enter each annuity, report the amount that you received as the RMD for that account. Similarly, for you IRA withdrawal of $20,000, you would report that amount as having satisfied the RMD. ...
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When you enter each annuity, report the amount that you received as the RMD for that account. Similarly, for you IRA withdrawal of $20,000, you would report that amount as having satisfied the RMD. This will allow TurboTax to correctly report that your RMD was satisfied and that you won't be penalized for not having withdrawn enough. This way, you will also not need to use Forms mode to input any data - everything should be entered in Step-by-Step mode.
Using your information above, your RMD for 2025 would be $39,000. The payments of $5000, $4000, $10,000 and $20,000 from each of the accounts would satisfy the aggregate RMD for 2025.
With Secure Act 2.0 allowing the excess from annuities to be put toward your aggregate RMD, this allows you to reduce the IRA withdrawal as you had.
a month ago
Yes. If your plan is a 401(a), you should not check the box that says "Yes, this is a 403(b) plan."
If you do, you are effectively telling the software, "I have a Tax-Sheltered Annuity," which...
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Yes. If your plan is a 401(a), you should not check the box that says "Yes, this is a 403(b) plan."
If you do, you are effectively telling the software, "I have a Tax-Sheltered Annuity," which triggers the confusing questions about annuity start dates and cost basis.
Follow these steps to bypass the annuity loop:
On the 1099-R entry screen, make sure Box 7 matches your form (likely Code 7 or Code 1)
Ensure the "IRA/SEP/SIMPLE" box is unchecked (since it's a 401a, not an IRA)
When the software asks, "Was this distribution from a 403(b) plan?", select "No, it's another type of qualified retirement plan"
By selecting No, the software should treat it like a standard pension or 401k distribution and skip the "Annuity" questions entirely
a month ago
That deduction will show up next year on a 2026 tax return that you file in 2027. For 2025 returns, charitable donations go on Schedule A as always, with mortgage interest, property tax, etc.
a month ago
Follow these steps:
Open your return
Select Forms mode
Locate 5329 in your list on the left of the screen
Scroll down to Part II
Enter the amount showing on line 5 from the 529 on line C ...
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Follow these steps:
Open your return
Select Forms mode
Locate 5329 in your list on the left of the screen
Scroll down to Part II
Enter the amount showing on line 5 from the 529 on line C
I am assuming you mean the waiver of the 10% penalty on Form 5329 which applies when a distribution becomes non-qualified because a scholarship covered the same expenses. The program should be seeing the Q and T and apply the exception code.
The goal is for your tax return FORMS to be accurate. The 1098-T is an informational form, all the worksheets in the program are not tax forms and do not go to the IRS. The Form 5329 containing the penalty, is a form that goes to the IRS.
Reference: 529 Plans and Taxes