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March 15, 2026
9:03 AM
Topics:
March 15, 2026
9:00 AM
@rvandshamala When you accessed your Intuit Account and clicked on Sign & Security, your phone number should have been shown in the Sign in info box. When you clicked on your phone number you should...
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@rvandshamala When you accessed your Intuit Account and clicked on Sign & Security, your phone number should have been shown in the Sign in info box. When you clicked on your phone number you should have then gone to the screen with your phone number listed along with options for text message, voice message or both. The phone number that is presented should have a link labeled Change to the right of the phone number. What happens when you click on that link?
March 15, 2026
8:59 AM
I try to efile the amendment but TT says that I cannot do it because I did not originally e-filed, which I did. It directs me to print and mail. How do I solve this, I don't want to print the return.
March 15, 2026
8:59 AM
Thanks for the info. I checked line 4b on my 1040, and fortunately, that amount is 0 for all tax returns, so I did not pay additional tax. However, line 14 from form 8606 seems to be carrying forward...
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Thanks for the info. I checked line 4b on my 1040, and fortunately, that amount is 0 for all tax returns, so I did not pay additional tax. However, line 14 from form 8606 seems to be carrying forward this cumulative amount starting year 2021, so that bumped up $25k as of 2024. Do I have to amend the tax return for just year 2024? What if for the year 2025, I manually adjust this value to 0? Would that suffice?
March 15, 2026
8:59 AM
Yes, this helped me solve the problem that I traced to inconsistencies in the way I answered previous year SS questions. Thanks.
March 15, 2026
8:59 AM
You clicked a wrong answer in MY INFO. Go back to MY INFO and click your own name. Then go back through the screens slowly and carefully---read every screen top to bottom----there is a screen tha...
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You clicked a wrong answer in MY INFO. Go back to MY INFO and click your own name. Then go back through the screens slowly and carefully---read every screen top to bottom----there is a screen that asks if your Social Security card is marked not valid for employment---answer correctly.
March 15, 2026
8:58 AM
PropertyCost Rate 2025 Depreciation Sign $3,650 3.57% $130.31 Furniture $2,350 3.57% $83.90 Laptop $1,000 5.00% $50.00 Total 2025 Depreciation $264.21 assets with MACRS de...
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PropertyCost Rate 2025 Depreciation Sign $3,650 3.57% $130.31 Furniture $2,350 3.57% $83.90 Laptop $1,000 5.00% $50.00 Total 2025 Depreciation $264.21 assets with MACRS depreciation (200DB with the Mid-Quarter convention). Because over 40% of the assets were placed in service in Q4, the Mid-Quarter rule applies instead of the half-year convention The Depreciation deduction on the PA return is $132 vs the calculation above of $264. How do I correct the PA return. It looks like the Turbo Tax calculation is incorrect.
March 15, 2026
8:58 AM
Many people on this forum who think that TurboTax is not calculating itemized deductions correctly are failing to realize that their MAGI for this purpose is high enough to reduce the amount of SALT ...
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Many people on this forum who think that TurboTax is not calculating itemized deductions correctly are failing to realize that their MAGI for this purpose is high enough to reduce the amount of SALT taxes that are permitted to be deducted. This deduction phases down from $40,000 ($20,000 if Married Filing Separately) to $10,000 ($5,000 if MFS) between $500,000 ($250,000 if MFS) and $600,000 ($300,000 if MFS) of MAGI.
March 15, 2026
8:58 AM
What I took from the question is that OP wanted to be able to see the most recent community posting that met the search terms.
March 15, 2026
8:57 AM
I can't find the "jump to" either. I use the search part and all I get is a digital "ai" assistant who really can't help me so I have to go through hoops to find it by either waiting for an answer, ...
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I can't find the "jump to" either. I use the search part and all I get is a digital "ai" assistant who really can't help me so I have to go through hoops to find it by either waiting for an answer, going to the community, or asking direct question. Not liking this at all, the jump to feature was perfect why was it changed. the answer to annette (below) says it "may" take there, well sometimes it do and sometimes it don't.
March 15, 2026
8:57 AM
1 Cheer
Because it is inherited property, it would receive the same tax treatment as if it were inherited property from the U.S. so you have to look at how the transaction occurred before you received it. I...
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Because it is inherited property, it would receive the same tax treatment as if it were inherited property from the U.S. so you have to look at how the transaction occurred before you received it. In general, you would not have to pay income tax on inherited property, but there may be reporting requirements and income tax due depending on how the property was distributed.
If you received the actual rental property (or a share) as the bequest and later sold it, you would report as a capital gain. If you just received the proceeds as a bequest, you would not have to pay income tax on it. See How Can I Protect My Inheritance From Taxes?
The situation becomes a bit more complicated because it crossed the border- you would have to be mindful of foreign asset reporting- see FBAR Compliance: Reporting Your Foreign Bank Accounts. Depending on the situation on the disposal, you may also have foreign tax credits (but once again, this is dependent on if the taxes were paid before distribution.)
If you have additional questions, please feel free to add to this question to keep the details consolidated.
March 15, 2026
8:56 AM
For a capital loss, the loss only carries forward, unless they are Section 1256 contract losses. In the case of a regular capital loss, you may ignore the options to carryback/carryforward. If yo...
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For a capital loss, the loss only carries forward, unless they are Section 1256 contract losses. In the case of a regular capital loss, you may ignore the options to carryback/carryforward. If you have a Net Operating Loss (NOL), you must choose to carry the loss forward or apply the loss to previous years (carryback). For more help, see IRS Instructions for Form 172, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. @slowreader
March 15, 2026
8:56 AM
At the screen Select the health-related accounts you had in 2025, make sure that Health Savings Account is selected for both taxpayers.
In TurboTax Online, return to HSA contributions as follow...
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At the screen Select the health-related accounts you had in 2025, make sure that Health Savings Account is selected for both taxpayers.
In TurboTax Online, return to HSA contributions as follows:
Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Deductions and credits.
Click the down arrow to the right of Medical.
Click to the right of HSA, MSA Contributions.
Be sure to check the box that you have an HSA account.
At the screen Let's enter your HSA contributions, the second entry box allows you to report contributions personally made.
@kevinwrede1
March 15, 2026
8:54 AM
Product: TurboTax 2025 Desktop (Windows)
Edition: Premier
Topics:
As others have said, most tax experts, including me, believe that you are not allowed to count past year scholarships for the penalty exception. But there is some disagreement on that. Although, ...
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As others have said, most tax experts, including me, believe that you are not allowed to count past year scholarships for the penalty exception. But there is some disagreement on that. Although, most of those on the other side say it must still be done before graduation. See references below for past detailed discussion.
But your question was not can you but how to. Here's an old post that may or may not help.
https://ttlc.intuit.com/community/college-education/discussion/final-withdrawal-from-529-account/00/2175909 how to enter in desktop
Past discussion on "can you"
https://ttlc.intuit.com/community/college-education/discussion/529-plan-withdrawals-and-prior-year-scholarships/00/825550#:~:text=To%20be%20a%20qualified%20distribution,the%20scholarship%20paid%20for%20expenses.
https://ttlc.intuit.com/community/college-education/discussion/re-529-plan-distribution-with-scholarship/01/3324182#M56502
https://www.forbes.com/sites/josephhurley/2016/02/04/dont-make-these-mistakes-when-reporting-529-plan-withdrawals/#643c9dc26155
https://www.investopedia.com/news/penaltyfree-way-get-529-money-back/
https://ttlc.intuit.com/community/college-education/discussion/re-529-plan-scholarship-refunded-late/01/2563740/highlight/false#M45523
March 15, 2026
8:53 AM
During the year I transferred a PTP to a revocable trust. Both have the same tax ID. There was also a small sale of units during the first quarter of 2025. I was issued two K-1s, one reflecting the d...
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During the year I transferred a PTP to a revocable trust. Both have the same tax ID. There was also a small sale of units during the first quarter of 2025. I was issued two K-1s, one reflecting the distribution of capital and reduction of nonrecourse debt to $0.00. In addition, it reflects the share of current year income, deductions, credit and other income for the period prior to the transfer to the revocable trust. The second K-1 reflects the share of current year income, deductions, credit and other income for the period after the transfer to the trust, a capital contribution that equates to the basis reported by the broker on the date of the transfer and nonrecourse debt substantially less than the other K-1. Question, since this was not a sale can I report it as one K-1 combining the current year income, deductions, credit and other income from the two K-1s and using the reported capital distribution from the initial K-1 and using that as the beginning balance on the modified/combined K-1?
March 15, 2026
8:53 AM
I made sure this part was no-Do you want to start the Maryland estimated taxes section now?
Topics:
March 15, 2026
8:51 AM
Improvements to your own home are not deductible. Save your records and invoices for someday when you sell the house. If this is for a rental property that you own, and not for your own home, po...
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Improvements to your own home are not deductible. Save your records and invoices for someday when you sell the house. If this is for a rental property that you own, and not for your own home, post back for further help.