All Posts

Since she is older than 23 you can only claim them as a dependent under the Qualifying Relative rules.  Under the rules the dependent's total income for 2025 must be less than $5,200 along with the other rules.   To be a Qualifying Relative - 1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld. 2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 3. The person's gross income for the year must be less than $5,200 (social security does not count) in 2025 4. You must provide more than half of the person's total support for the year. 5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year. 6. The person must not file a joint return with their spouse with the following exception - You can claim a person as a dependent who files a joint return if that person and that person’s spouse file the joint return only to claim a refund of income tax withheld or estimated tax paid.

Are you reporting an IRS form 1099-R and using the simplified method to compute the taxable amount of the distribution reported in box 1?   If this is the case, you are being asked information about your contribution to your pension plan.  Your 'plan cost at annuity starting date' is your contribution to the pension plan.  Your contribution will be recovered each year as the nontaxable portion of your pension distribution.     In some cases, your 'plan cost at annuity starting date' is reported in box 9b of the IRS form 1099-R.  Or you may have to contact the issuer of your pension distribution to determine this amount.  

Yes, sign onto your online account and download the tax file.  Then you can transfer the 2024 tax file to the 2025 tax return when you start a new 2025 return.   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download tax file

While there is truth to much information being online, there is no sense in "CONSOLIDATING" that information into a single source online location. Again, you are talking about millions of people consolidating their information into the proverbial "barrel" and for expert hackers, if there are several barrels standing side by side and they want to shoot a fish in that barrel, you can be assured they will bypass those with one fish and pick a barrel that increases their odds and opportunity.   The most successful (and profitable for the criminal) usually exposes vast numbers of consumers, big time hackers don't tend to waste time on small fish.  Thanks for the response, but it was in no way helpful because it missed the larger point.   Grok suggest that there are at least two reliable alternatives which will still function locally on a windows 10 pc.   Here is the link https://x.com/i/grok/share/3c6f5b27b16e42fe9c0a52be0736ea9c  

If the fund was inherited then it is seen as having been "purchased" on the date that it was inherited and the purchase price is the value it held on that date.   If stocks inside of a fund are purchased by a brokerage then they are seen as purchased on your behalf for you.  So you would enter purchased again, even if you had an "agent" do it for you.   @dsrogers999 

Click on Tax Tools on the left side of the online program screen Click on Tools Click on Delete a form   Note - There may be multiple pages of your tax return forms and schedules so click on the page number or right arrow (>) shown at the bottom of the federal tax return forms.

No, you need to use the TurboTax Business product to prepare a partnership Form 1065. Once you complete the business return, the K-1 schedules will be generated. Here is a link to where you can obtain the Business product from Intuit. 

You can log into ARAG (WillBuilder) from the link here >>   Will Builder ARAG - login from the top right corner.  Or you can click on Individuals and sign in from there.   @pambili      What's Will Builder by ARAG® in TurboTax?

@ yyang2000  I provided the shortcut method above to go directly to the estimated tax payments entry section.   If you want to use regular navigation, here's how.  So between the 2 methods, you should be able to use one or both of them.   When you click in the left column tab for Deductions & Credits, it may take you to a page called "Your Tax Breaks".   That shows the "Tax Breaks", i.e., deductions, that someone has already worked on this year or that TurboTax is expecting from what was entered last year.   Lower on that same screen should be a button or link for "Add more tax breaks" or "Show more tax breaks" or similar wording.   When clicked, then the screen should expand, and all the deduction topics are displayed including "Estimates and Other Taxes Paid."  Then that topic can be expanded further to get the subtopic Estimated Tax Payments.

@ yyang2000 wrote: where to enter my state estimated payment in turbotax? State estimated payments made are entered on the Federal side.  I know that's nonintuitive.   Here's a tool that should get you directly to the estimated tax payments section.  I've also provided an alternate navigation method in a comment that follows this one.   With the return open, go to the left menu column and click on TAX TOOLS, then the subtab TOOLS. In the Tools Center choose the blue button Topic Search. In the topic search line enter the phrase estimated tax payments without quotes. Make the selection in the list (it may already be highlighted), and either double-click it or click the GO button. Next screen is Estimates and Other Income Taxes Paid. Use the subtopic Estimated Tax Payments. Choose the appropriate category and tax year you are reporting (Federal, state, local) and click START or Revisit. NOTE:  Before filing, make sure your Federal estimated tax payments correctly show on the Form 1040, Line 26, and that any state estimated tax payments (if applicable) show up on your state return.

When you entered the 1099-R into TurboTax what code was in box 7?     In addition, was this an early distribution from your Roth IRA?  If so there may have been penalties even if the amount issued wasn't taxable.