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@JamesG1 could you follow up when the transaction csv import update will be made? It's still not available on desktop. Thanks
Then it does seem to have much sense to make small donations if they are below standard deduction? No tax advantage then.
Were you able to import TT to HR Block or did you have to do it manually?
I had the same questions you have. I can't say whether it will help your Adobe apps but yes, deleting all versions of MS C++, uninstalling all versions of Turbo Tax, rebooting, exiting my VPN (which ... See more...
I had the same questions you have. I can't say whether it will help your Adobe apps but yes, deleting all versions of MS C++, uninstalling all versions of Turbo Tax, rebooting, exiting my VPN (which may not have been necessary) and then installing Turbo Tax WORKED!. 
Sorry a little new to this what "fees" or "sales charges" could have I incurred? 
OK. Thanks again for the input. I have actually gone through the arduous effort of submitting this problem as a ticket through customer service. We will see if they fix this problem.    I have subm... See more...
OK. Thanks again for the input. I have actually gone through the arduous effort of submitting this problem as a ticket through customer service. We will see if they fix this problem.    I have submitted the problem of HSA distributions automatically being assumed to have paid medical expenses for the tax year in which they are taken five years in a row and they still haven't fixed it. There really isn't a work around for that problem if you live in California.
Bill thanks but the software isn't doing as you say and it is important to note the years this excess distribution is related to.  I paid income tax back in 2022 in the year in which the HSA was over... See more...
Bill thanks but the software isn't doing as you say and it is important to note the years this excess distribution is related to.  I paid income tax back in 2022 in the year in which the HSA was overfunded and a penalty (6% excise tax).  In 2025, i distributed the excess out of the HSA.  Do we agree that no excise tax would be owed as of 12/31/25 since there is no more excess?    Back to the income tax part related to the distribution that occurred in 2025.  What doesn't make sense to me is why I would pay income tax in 2025 when the money was distributed when I already paid the income tax back in 2022, the year in which it was overfunded? I understand the concept of "additional tax" in the form of excise owed due to the money not being pulled out, that penalty is separate and district from income tax.  From an income tax perspective why would the distribution be taxed again in 2025?
Hello,   I had a stock that went to $0 in June 2023. I never needed to use it and it remains on my investment as a Cost basis only. In 2025 I was finally able to make money in the market, and sold ... See more...
Hello,   I had a stock that went to $0 in June 2023. I never needed to use it and it remains on my investment as a Cost basis only. In 2025 I was finally able to make money in the market, and sold some stock. My broker says they can remove from my porfolio for $30 (that seems really high) as a worthless stock but that would trigger a 2026 tax event. I have also read about making up your own 1099 form but I want to do things right. Is there anyway to make it work on my 2025 tax return to offset my gain?  
Yes.  TurboTax will ask you about that when you enter your 1099-R.  Eligible retired public safety officers can exclude up to $3,000 from their taxable income each year for health insurance premiums.... See more...
Yes.  TurboTax will ask you about that when you enter your 1099-R.  Eligible retired public safety officers can exclude up to $3,000 from their taxable income each year for health insurance premiums.  To be eligible:   You must be a retired public safety officer, which the IRS defines to include:   Law enforcement officers, Firefighters, Chaplains for these departments, Members of rescue squads or ambulance crews. You must have retired due to age/normal retirement or disability.   The exclusion applies to premiums paid for yourself, your spouse, or your dependents.   Where do I enter a 1099-R?
This is what happens when you vote for a president who never pays taxes and fires half the IRS.
Yes, when you open TurboTax 2025, it is looking for a .tax2024 file to transfer.  If you have your tax data file on your computer, try moving it to your desktop and directing the 'browse' there.   ... See more...
Yes, when you open TurboTax 2025, it is looking for a .tax2024 file to transfer.  If you have your tax data file on your computer, try moving it to your desktop and directing the 'browse' there.     If you have TurboTax 2024 on your computer, you can open it and re-save your tax file for transfer.    @RBLIII 
Interest on home equity loans or cash-out refinances is only deductible if the money was used for home improvements.   TurboTax usually asks for a dollar amount, not a percentage. You should ente... See more...
Interest on home equity loans or cash-out refinances is only deductible if the money was used for home improvements.   TurboTax usually asks for a dollar amount, not a percentage. You should enter the actual dollar amount from the original loan principal that was used for construction or improvements. For example, if you took out a $100,000 loan and used $80,000 to build an addition and $20,000 to pay off a credit card, you would enter $80,000.    
How you view the calculations depends on which TurboTax product you are using.   Detailed calculation information in TurboTax Online can be found by navigating to:    Tax Tools  Tools ... See more...
How you view the calculations depends on which TurboTax product you are using.   Detailed calculation information in TurboTax Online can be found by navigating to:    Tax Tools  Tools  View Tax Summary   Preview My 1040 to access the Form 1040 Worksheet.    This worksheet, specifically the Tax Smart Worksheet located between lines 15 and 16, provides the in-depth, step-by-step calculations for your tax liability.    If you are using the Online version, you will need to have paid for your product in order to see all of the worksheets.   If you are using a Desktop version, you can switch to Forms Mode by clicking on Forms at the top of the screen. There, you can scroll through the complete list of forms and worksheets TurboTax has prepared and click on the one you want to review, or click "Open Form" above the list of forms on the left and enter the one you are looking for. A capital gain is the profit you receive when you sell a capital asset, which is property such as stocks, bonds, mutual fund shares and real estate.   Short-term gains come from the sale of assets you have owned for one year or less. They are typically taxed at ordinary income tax rates, as high as 37% in 2024 and 2025. Long-term gains come from the sale of assets you have owned for more than one year. They are typically taxed at either 0%, 15%, or 20% for 2024 and 2025, depending on your tax bracket. A capital loss is a loss on the sale of a capital asset such as a stock, bond, mutual fund or real estate and can typically be used to offset other capital gains or other income. Please see this TurboTax tips article for more information.    
When is form 4562 for rentals going to be updated in the premier version?
Did you move from one state to the next?  If that is the case, you would not report Wisconsin as a nonresident.  You would report part-year resident for both Minnesota and Wisconsin.  If this is not ... See more...
Did you move from one state to the next?  If that is the case, you would not report Wisconsin as a nonresident.  You would report part-year resident for both Minnesota and Wisconsin.  If this is not your situation, please clarify.   In the Wisconsin state income tax return, at the screen Did you have more than one state of residence in 2025, I selected Yes.  I then answered the subsequent questions about Wisconsin residence.  Then the screen Wisconsin Salary Allocation reflects the allocation of wages on the W-2.   In the Minnesota state income tax return, at the screen Minnesota Individual Income Tax Return, select Change Residency Status.  At the screen Change Your Minnesota Residency, I selected Part-Year Resident Income Tax Return.  Then the screen Income Allocations reflects the allocation of wages on the W-2.
It doesn't sound like you should owe tax on this distribution based on the information you've given.  Are you seeing additional taxes reported on Schedule 2, line 8 for additional tax on IRA?  Or is ... See more...
It doesn't sound like you should owe tax on this distribution based on the information you've given.  Are you seeing additional taxes reported on Schedule 2, line 8 for additional tax on IRA?  Or is the $400 difference showing up somewhere else?  If you can find where it is showing up the 1040 form or Schedule 2, that may be helpful in determining what might be happening here.   If you are using the Online version, you can do a preview of your return as follows:   Once you are logged in and have your 2025 return open, go to the left side menu and scroll down to Tax Tools Click on Tools, and then click on Preview my return in the pop up that shows up. Click Preview my 1040 on the left side menu and you can scroll through to see where this additional tax is being entered on your return. Once you are done previewing, you can click on Back on the left side menu to return to your return preparation.   If using the download version of TurboTax, the tax forms can be found by clicking on Forms on the blue banner at the top right of the TurboTax window.
The one for 2024 you should have entered on that tax return. Just enter the contribution for 2025 on the 2025 tax return. 
No, the children are not eligible for the child tax credit.  They must have a social security number to be able to claim the credit, even an ITIN will not work.  Without the ITIN you can't even claim... See more...
No, the children are not eligible for the child tax credit.  They must have a social security number to be able to claim the credit, even an ITIN will not work.  Without the ITIN you can't even claim them as dependents on your tax return so you will have to file without them on the return for this year.  Get the ITINs applied for and they can at least be listed as dependents on your next years' return.
Please see this good answer from Expert HelenC12.