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You can file your taxes free with TurboTax Free Edition if you have a simple 1040 Form without any schedules except for Earned Income Credit, Child Tax Credit and Student Loan interest.  Do you have ... See more...
You can file your taxes free with TurboTax Free Edition if you have a simple 1040 Form without any schedules except for Earned Income Credit, Child Tax Credit and Student Loan interest.  Do you have additional forms or schedules besides the ones mentioned?
All of those new deductions need to be entered in the federal return and will automatically transferred to your Idaho return.  Before you begin troubleshooting your state return, go back through your... See more...
All of those new deductions need to be entered in the federal return and will automatically transferred to your Idaho return.  Before you begin troubleshooting your state return, go back through your federal return and make sure everything is correct.   After you review your federal return, select the State Taxes tab and review the state section. Pay close attention to the information, especially if you have made changes to your federal return. There might be new sections that need to be completed.    Troubleshooting common federal to state transfer issues   How will the One Big Beautiful Bill impact my taxes?   Update on filing 2025 Idaho income taxes now that conformity is law    
To add additional property taxes for the second home, you can try the steps that are listed below.   Click on Search at the top right of your TurboTax screen Type Property Taxes in the sear... See more...
To add additional property taxes for the second home, you can try the steps that are listed below.   Click on Search at the top right of your TurboTax screen Type Property Taxes in the search box Click on the link Jump to Property Taxes (Depending on what you have input previously in TurboTax) Your screen will say Enter any additional property tax paid in 2025. The second box says Taxes on additional homes or land. You will enter it there and Continue  This will add your additional property tax to Schedule A for your itemized deductions.   Click here for Claiming Property Taxes on Your Tax Return   Click here for Where do I enter my personal property tax? Please return to Community if you have any additional information or questions and we would be happy to help.
I accidentally checked the box and cannot uncheck it.  All other boxes seem to work normally.
As the owner of an LLC you get to keep all of the net profit.  That is what you are being paid.  If the business is not making any money then you aren't either.    
I'm not getting the verification code for my email
Follow the steps below to amend your 2025 tax return to add your Schedule K-1 and gambling losses:   Open TurboTax. Scroll down to Your tax returns & documents and select the year that you ... See more...
Follow the steps below to amend your 2025 tax return to add your Schedule K-1 and gambling losses:   Open TurboTax. Scroll down to Your tax returns & documents and select the year that you want to amend Select Amend (change) return, then Amend using TurboTax Online Follow the prompts on the next screens and answer the questions On the screen Tell us which 2025 return(s) you want to amend, select the 2025 federal and/or state return that you want to amend Follow the prompts to amend your tax return.   Refer to the TurboTax articles: Amending Your Income Tax Return and How to Correct Federal Tax Returns for additional information.   Once you file your amendment, you can check the status of your amended tax return at Where’s My Amended Return?   You can deduct gambling losses but only to the extent of your gambling winnings. You can't deduct the losses without reporting any winnings and you have to itemize your deductions on Schedule A. If you don't have enough Itemized deductions, you won't be able to deduct your losses.   Refer to the TurboTax article Can You Claim Gambling Losses on Your Taxes?
I do not understand....as the owner of the LLC, then how do I get paid for my services?  
Linda   How do I provide you with the Token for the sanitized file?   OkieRose
You mention inventory. Sale of inventory is 100% taxable in the year of sale. Goodwill sold is eligible for installment sale. Entering the wrong date may fix it but it isn't valid. Take a look: ... See more...
You mention inventory. Sale of inventory is 100% taxable in the year of sale. Goodwill sold is eligible for installment sale. Entering the wrong date may fix it but it isn't valid. Take a look: Check your asset classifications - no inventory or depreciated property Look for the recapture question - how much prior depreciation was taken? That goes to line 20 Look at the asset entry worksheet to see where the software is pulling the recapture data from.  To print or view  your forms, including all worksheets: In desktop, switch to Forms Mode.  For online: On the left side, select  Tax Tools Select Print center Select Print, save or preview this year's return If you have not paid, select pay now.
So if I understand correctly, as the only owner of the LLC I would still file my income and expenses via the Schedule C as I have been doing in the past, is that correct?   Then I am still confused... See more...
So if I understand correctly, as the only owner of the LLC I would still file my income and expenses via the Schedule C as I have been doing in the past, is that correct?   Then I am still confused regarding the income as I have several different income streams for the business, so to provide more specific details: - I have clients that will pay the business directly - this I understand would be documented as income for the LLC via cash/check payments - I have a university that will pay me as a W-2 employee even though my services are from the business, and they will not pay my business so how do I document that as LLC business income so that I can deduct my expenses against it? - I have a gym that pays me via a 1099 NEC for services that my business provides but they pay me as an individual, same question as above....how do I document this as LLC business income and deduct my expenses associated with it?
Here are some reasons why you are seeing that high $263 quote ($15 off) online compared to a $85 CD version, and how to make sense of it.   1. Per-Return Cost vs. License Cost TurboTax Onlin... See more...
Here are some reasons why you are seeing that high $263 quote ($15 off) online compared to a $85 CD version, and how to make sense of it.   1. Per-Return Cost vs. License Cost TurboTax Online ($263ish): You are paying for a single, hosted service.  CD/Download ($85): You buy a license that lets you file one federal return + state software for yourself. You can also file up to 5 federal returns for others (like children or parents) for free.  2. State Filing Fee Misconception Online: You pay for the federal product, and then you are charged a separate, high fee (often $50-$60+) for the state return. CD/Download: The software usually has one state program (the forms). You still have to pay an extra fee to file your state taxes online (approx. $25-$30). 3. Convenience vs. Control Online: Intuit will host your data, offer cloud accessibility, and guide you through a wizard without installing software. Desktop: You retain total control. You can see the actual tax forms (Forms Mode), run "What-If" situations, and save your own data files.  4. Triggered Upgrades (The "Hidden" Cost) The high cost ($263) suggests your return triggered the highest-tier Online product (e.g., Premium/Self-Employed).  Online: As you enter investment income, small business income, or complex deductions, the online software automatically upgrades you to a more expensive version. Desktop: All desktop versions (Deluxe, Premier, etc.) share the same tax forms. You can often buy the cheaper Desktop Deluxe and still get the forms you need, whereas online forces a higher-tier purchase.             
If you K-1 ending percentages aren't printing the values that you've input, it's most likely because the items of income, expense, and distributions aren't being allocated properly to that partner fo... See more...
If you K-1 ending percentages aren't printing the values that you've input, it's most likely because the items of income, expense, and distributions aren't being allocated properly to that partner for the software to calculate the ending balance that you want.    Revisit the Partner/Member Summary and the Member Capital entries, and make sure the values you've entered for beginning and ending capital actually equal the % share of the partnership total that ties to the face of the partner's K-1.    Ensure that the beginning capital that partner starts with +/- any income received +/- any distributions or withdrawals taken, actually = the final % you want to see on the face of K-1.    On the screen that says Basis Adjustment Election, make sure you've selected Yes, there was a distribution of property or a transfer of partnership interest so that the program knows that there needs to be an adjustment in the partner ownership %'s, and follow the prompts to enter those transfer details.    You'll likely need to input those same Basis Adjustment details in both the federal and state input menus. Ensure that both have been entered mathematically and completely.     
Hi Bill  Any luck researching the equation or how to make TurboTax follow this math?
If you purchased materials for your business at Home Depot, you generally enter those costs under Supplies if they are consumable items used in your business operations. In TurboTax Online, go to ... See more...
If you purchased materials for your business at Home Depot, you generally enter those costs under Supplies if they are consumable items used in your business operations. In TurboTax Online, go to the Schedule C section under Wages & Income. Then add these purchases as Supplies in the business expenses section. If the materials are part of your inventory or considered property for resale, you might categorize them under Inventory/Cost of Goods Sold instead.  
This is exactly what is happening to me.  Did you discover any way to fix it in the program?
I was awaiting a reply. I sent the sanitized file - token #1341340