turbotax icon
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

I successfully entered the trust loss on schedule K-1 in turbotax. I haven't been prompted by turbotax for loss information input for Schedule D. I believe turbotax will only do loss processing if la... See more...
I successfully entered the trust loss on schedule K-1 in turbotax. I haven't been prompted by turbotax for loss information input for Schedule D. I believe turbotax will only do loss processing if last years schedule D had a loss.
There are a number of issues at play when you consider moving abroad, particularly from one of the handful of "sticky" states, and California is one of these.    It can harder to prove that you ar... See more...
There are a number of issues at play when you consider moving abroad, particularly from one of the handful of "sticky" states, and California is one of these.    It can harder to prove that you are a bona fide resident of another country, per California's standards, than it is to prove you are a resident of another U.S. State.  If it is an option for you to establish residency in another state that doesn't have an income tax before your move abroad, that may make your life easier.   Some countries make it easier than others, too, to "prove" your residency so where you're planning to live may matter as well.  If you're moving somewhere that allows you to quickly establish residency and open bank accounts, etc. then it will be easier than if you are moving to a country that makes these things more difficult.   Take care that you update your address on any sources of income so that they don't report back to CA FTB that the income is "California source".  It can be very difficult to fight against that sort of reporting (it's possible, but not easy.)  The rental or sale of your home will, of course, be California income but it may help you to have that be "nonresident" income.  You have approximately three years after you move from the home to be able to sell it and still be eligible for the $250,000 capital gains exclusion (this is based on the property being your primary residence for 2 of the prior 5 years.)  If you rent the home, things get a little more complicated but the gain exclusion is still available if you meet all of the requirements. (You will have other issues like recaptured depreciation to consider.)   Other than avoiding any penalty for not having insurance, there is no real benefit to keeping your Covered CA insurance while you are abroad as it is unlikely to offer any coverage for medical treatment outside of the US.  If you maintain your home as a rental, and establish permanent residence abroad, you may be able to file as a nonresident but it is possible that California will not recognize your intent to move abroad permanently if you keep the property until you've been gone more than 584 days.     There isn't a clear path to demonstrating to California that you have permanently moved abroad from day 1.  That path is pretty clear cut, though, if you move to another state first and register to vote, get a driver's license, etc.  If your line of work requires any licensing in the state of California, be sure to cancel that as well.   Best of luck on your move!  
It's Feb 22 - is the worksheet still being worked on? I didn't get this message until after I paid for TurboTax and now I can't file. Update from TurboTax please?
On your 1099R, anything in box 14? If not then leave boxes 14, 15 & 16 all blank, no spaces. If you have withholding in box 14 then enter the amount from box 2a into box 16 for the state distribution... See more...
On your 1099R, anything in box 14? If not then leave boxes 14, 15 & 16 all blank, no spaces. If you have withholding in box 14 then enter the amount from box 2a into box 16 for the state distribution. If box 2a is blank use the amount from box 1.
I don't know the Online version.  Are you in Online Premium?  Where to enter business expenses https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-... See more...
I don't know the Online version.  Are you in Online Premium?  Where to enter business expenses https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/01/27109
I am itemizing both my Federal and State tax returns.  It's a joint return and we have $6083 in AZ tax credits, which is several thousand dollars larger than what we owe in 2025 for AZ tax so we will... See more...
I am itemizing both my Federal and State tax returns.  It's a joint return and we have $6083 in AZ tax credits, which is several thousand dollars larger than what we owe in 2025 for AZ tax so we will have AZ state tax credit carryovers.  I believe there is a safe harbor rule that allows you to enter the tax credits as state tax paid to allow you to claim them as deductions on your federal return.     If I enter the $6083 in AZ tax credits as AZ taxes withheld Turbotax believes I should get this as a refund.  This isn't really correct as I believe the safe harbor rule is only allowing you to claim the AZ tax credits as state tax paid in your schedule A (which reduces your federal taxable income).  It isn't actually AZ taxes that I paid.   Instead I can enter the $6083 as other taxes paid (Schedule A, Line 6) but then Turbotax does not subtract the $6083 from my Schedule A in the AZ Schedule A.  In the state return I entered $6083 as the amount of state taxes deducted on Federal Schedule A.  When I view the AZ schedule A in Forms mode I can see the $6083 entered in "adjustment to state income taxes" box above Line 7 but isn't placed in Line 7 of the AZ return.   How can I enter my AZ tax credits correctly in both my Federal and State Return?   Thanks, Ken
Yes, if you meet the qualifications, you can deduct the rent that you pay under an affordable housing program in Massachusetts.  See Deductions on Rent Paid in Massachusetts. A deduction is allowed... See more...
Yes, if you meet the qualifications, you can deduct the rent that you pay under an affordable housing program in Massachusetts.  See Deductions on Rent Paid in Massachusetts. A deduction is allowed for rent paid by the taxpayer during the tax year to a landlord for a principal residence located in Massachusetts. This deduction is limited to 50% of the rent paid and cannot exceed a total deduction of $4,000.
I made $10K in 2025 as a sole proprietor in addition to $70K in wages, and contributed $3K as an employee to my Solo 401K. I also maxed out my Traditional IRA at $8K
Regardless, I found it. Schedule 1 line 8z.  Thanks.  Thanks for reminding me.
Where do you find payments and withholdings on a previous year's tax return?
I downloaded IRS form 1099-B information from a .pdf file.  Then, at the screen Let's finish pulling in your investment income, the stock sale says "Needs Review".   I reviewed the entries to mak... See more...
I downloaded IRS form 1099-B information from a .pdf file.  Then, at the screen Let's finish pulling in your investment income, the stock sale says "Needs Review".   I reviewed the entries to make sure that the income, dates, etc. had been entered correctly.  I verified that the same income had not been reported twice.   In my case, I also rounded the box 1d Proceeds and box 1e Cost or other basis to the nearest dollar.   I Continued through the entry and the "Needs Review" has been removed.   Or, are you seeing an error message after selecting Review?  Please clarify.    
Sorry, Turbo Tax is doing it right.  This is a common misunderstanding. If you are both over 65 and in the phaseout amount, the 6% reduction is subtracted from EACH spouse's 6,000 effectively making ... See more...
Sorry, Turbo Tax is doing it right.  This is a common misunderstanding. If you are both over 65 and in the phaseout amount, the 6% reduction is subtracted from EACH spouse's 6,000 effectively making it 12%. It is phased out for EACH spouse. Fill out Sch 1-A yourself and see. It's pretty easy. Then why would they even have 2 lines 36a and 36b for spouse on Schedule 1-A? IRS Schedule 1-A https://www.irs.gov/pub/irs-pdf/f1040s1a.pdf See IRS instructions for 1040 line 110 https://www.irs.gov/pub/irs-pdf/i1040gi.pdf        
Update:  So I added the 1098 info into the rental expense portion and it assigned a portion of it to the rental expense.  Turbo Tax did not automatically assign the remaining portion into the Federal... See more...
Update:  So I added the 1098 info into the rental expense portion and it assigned a portion of it to the rental expense.  Turbo Tax did not automatically assign the remaining portion into the Federal Taxes area so I did it myself.  Hypothetically, my 1098 says $10,000 in mortgage interest.  I input that into the rental/royalty area and it assigned a portion $6,000 as a rental expense.  Remember, it was almost a half year lived in and the other half year rented out so it was prorated.  The $4000 remainder (I believe) should have been automatically assigned by TurboTax as a federal tax deduction but it was not automatically assigned so I manually input the $4000.  Is this correct?  Thank you
TurboTax is not calculating the 2025 long term capital gain brackets. Capital gains tax rates Net capital gains are taxed at different rates depending on overall taxable income, although some or al... See more...
TurboTax is not calculating the 2025 long term capital gain brackets. Capital gains tax rates Net capital gains are taxed at different rates depending on overall taxable income, although some or all net capital gain may be taxed at 0%. For taxable years beginning in 2025, the tax rate on most net capital gain is no higher than 15% for most individuals. A capital gains rate of 0% applies if your taxable income is less than or equal to: $48,350 for single and married filing separately; $96,700 for married filing jointly and qualifying surviving spouse; and $64,750 for head of household. How can I add this IRS to my 2025 tax return?
I entered all my K1 info into TurboTax, but after I save, it shows as not started. Why isn’t it pulling in the information I entered? Seems like a glitch or error.
There's a calculation error on Turbo Tax Car and Truck Worksheet for Line 9.  Line 6 is not being divided by Line 5c in the software calculation.   Also, an error involving Lines 38, 51, and 71 rega... See more...
There's a calculation error on Turbo Tax Car and Truck Worksheet for Line 9.  Line 6 is not being divided by Line 5c in the software calculation.   Also, an error involving Lines 38, 51, and 71 regarding "depreciation allowed or allowable". 
Where on Turbo Tax do I enter misc. small business expenses like supplies?
Even if you do not have a 1099-DIV, you will need to enter your foreign dividends as if you had one.  To enter it in TurboTax:   Go to the Did you have investment income? screen under Wages & ... See more...
Even if you do not have a 1099-DIV, you will need to enter your foreign dividends as if you had one.  To enter it in TurboTax:   Go to the Did you have investment income? screen under Wages & Income Select Yes Select +Add investments if you arrive at one of these screens: Let’s finish pulling in your investment income Select Enter a different way, and select Type it in myself to manually enter the iFollow the on-screen instructions to enter the info from your 1099-DIV. At the bottom of the page, click the box for My form has info in other boxes (this is uncommon). This will bring up a new set of boxes. Post foreign taxes in Box 7 Where do I enter the foreign tax credit (Form 1116) or deduction?
Hello, on my 1099R from Charles Schwab for an IRA rollover, there is nothing in box 16.  When filing using Turbo Tax it will not let me file without entering an amount on lint 16.  I enter "0", and i... See more...
Hello, on my 1099R from Charles Schwab for an IRA rollover, there is nothing in box 16.  When filing using Turbo Tax it will not let me file without entering an amount on lint 16.  I enter "0", and it comes back saying that it cannot be less than the state withholding tax.  Any help out there?
How do I add a form 8862 to my rejected tax return