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Line 12 shows the 179. CA limits ($25,000 max) are lower than the federal ($2.5M) Line 12 col b is federal amount, col c - the CA adjustment, col d- allowable amount under CA law.   In Californ... See more...
Line 12 shows the 179. CA limits ($25,000 max) are lower than the federal ($2.5M) Line 12 col b is federal amount, col c - the CA adjustment, col d- allowable amount under CA law.   In California, once your business spends more than $225,000 on equipment in a single year, your ability to take any Section 179 deduction is completely phased out. Any amount you can't deduct because it exceeds your business income can be carried over to future years. Form FTB 3885A will track and carry.
When you work through the sales tax deduction section, you come to a screen that says Let's find your biggest deduction. On that screen you need to choose the option that says State and Local Income ... See more...
When you work through the sales tax deduction section, you come to a screen that says Let's find your biggest deduction. On that screen you need to choose the option that says State and Local Income Tax Deduction. Then your itemized deductions should reflect that option.   That section is under Deductions and Credits, then Estimates and Other Taxes Paid, then Sales Tax.
Yes. Switching from a foreign tax deduction to a credit is likely the best option here. A deduction only reduces your taxable income by a percentage, but a credit lowers your tax bill dollar-for-doll... See more...
Yes. Switching from a foreign tax deduction to a credit is likely the best option here. A deduction only reduces your taxable income by a percentage, but a credit lowers your tax bill dollar-for-dollar. Form 1116 must be filed because you are $10 over the single-filer threshold.   If your investments are primarily in standard mutual funds/ETFs and your AMT is "far below" your regular tax, the simplified method election is usually a safe time-saver. It won't prevent you from getting your full credit; it just simplifies the math used to prove you haven't exceeded the legal limit.   Even when you import 1099s, TurboTax cannot automatically calculate your Foreign Source Income. This is because 1099-DIV forms only report Total Dividends (Box 1a) and Foreign Tax Paid (Box 7). They do not have a standard box for "Foreign Source Income."   You must manually enter this amount using the supplemental data from your brokerage (the "Foreign Source Income Percentages" you found).   For the countries, "various" is the best option to use since you have a mix of ETF and standard mutual funds.            
Switched browsers, allowed Lan.  Same result.  Times out with "590" error.  Ridiculous.
@scottratc Go to this IRS website for information on cancelling a payment - https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal   Once your return is accepted, information per... See more...
@scottratc Go to this IRS website for information on cancelling a payment - https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal   Once your return is accepted, information pertaining to your payment, such as account information, payment date, or amount, cannot be changed. If changes are needed, the only option is to cancel the payment and choose another payment method. Call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling. Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
If the unearned income is qualified dividends or capital gains it would not be taxed at their income level. 
Turbo Tax, desktop version.   It just updated and I still have the same issue. I called support. They wanted to do a screenshare.  They sent a request, which I didn't get, but they said they were c... See more...
Turbo Tax, desktop version.   It just updated and I still have the same issue. I called support. They wanted to do a screenshare.  They sent a request, which I didn't get, but they said they were connected to my computer. I kept telling them. I don't see them, but they kept saying. I'm connected. They then put me on hold for 10 minutes and hung up the phone.    I've use TurboTax for at least the last 10 years. This may be the last.    Jayme
You can try searching for a .tax file in Finder.  If it happened to save, it would be a .tax file that you would be looking for.  You can also select File>>Open Recent which may allow you to get back... See more...
You can try searching for a .tax file in Finder.  If it happened to save, it would be a .tax file that you would be looking for.  You can also select File>>Open Recent which may allow you to get back to the file you were working on if it was saved at all. If it was never saved, and you are unable to find the .tax file, then it is gone. In the desktop versions saving every so often is a good idea just like with a offline word doc. 
Hi Amy,   Thank you for your help!  I entered information about my adopted child through the easy step process but I checked the forms and I realized that the form 8839 only shows the 'Qualified Ad... See more...
Hi Amy,   Thank you for your help!  I entered information about my adopted child through the easy step process but I checked the forms and I realized that the form 8839 only shows the 'Qualified Adoptive Child Worksheet' but not the 'Form 8839' with parts 1, 2, 3 for the 2025 tax return.  The 2024 tax return shows the Form 8839 with parts 1, 2, 3, but not sure how to generate the form 8839 with those parts, or maybe they aren't needed because of what I entered:       Thank you!
How did it affect your state return?  If you originally didn't include any taxable amount of SS it wasn't in your federal AGI to start the state return.  Which state?  Most states do not tax SS and s... See more...
How did it affect your state return?  If you originally didn't include any taxable amount of SS it wasn't in your federal AGI to start the state return.  Which state?  Most states do not tax SS and subtract it out of the federal AGI.  So if it wasn't included in federal then there was nothing to subtract of the state return.  And state shouldn't change.  
If you look at the lines, TurboTax is clearly pulling Schedule C Line 28 NOT Schedule C Line 29 as the starting point for this calculation AND it is making it a negative number.
Just because discharged debt is income, does not mean attorney fees are deductible.     The IRS explicitly classifies credit card debt, and any costs associated with managing or settling it, as a... See more...
Just because discharged debt is income, does not mean attorney fees are deductible.     The IRS explicitly classifies credit card debt, and any costs associated with managing or settling it, as a personal expense. Under tax law, personal expenses are strictly non-deductible. (Internal Revenue Code Section 262: This is the underlying federal law that dictates that "no deduction shall be allowed for personal, living, or family expenses." Because the IRS classifies consumer credit card debt as a personal/living expense, the legal fees attached to it are barred from being deducted.)   You are generally allowed to deduct legal fees if they are incurred to "produce or collect taxable income" (for example, hiring a lawyer to sue an employer for unpaid wages). However, the IRS does not view debt settlement as an income-producing activity. The 1099-C you received is considered a byproduct of resolving a personal liability, not a true investment or business gain.   The only way these legal fees become deductible is if the credit card was used strictly for a small business, freelance work, or an LLC. If the debt was business-related, the legal fees shift from a "personal expense" to an "ordinary and necessary business expense." In this scenario, you can write off the lawyer's fees directly on your Schedule C (Profit or Loss From Business).
Property Tax is being included on the Form 8960 Worksheet, Line 5.  It's not being separately broken out as an adjustment on Line 9b.   @bja1044     
@user17733334383 wrote: The corporate office should have also sent out a notice to longtime users.  There was no communication whatsoever.   To the best of my knowledge an email was sent out ... See more...
@user17733334383 wrote: The corporate office should have also sent out a notice to longtime users.  There was no communication whatsoever.   To the best of my knowledge an email was sent out last year and the discontinuation of the product has been widely known for quite some time. It's unfortunate that you're only discovering this now, but that is not Intuit's fault, in any way; there were plenty of warnings.
My question is when I e-filed through TurboTax I said I would pay all my federal tax on 4/15 through direct debit, but then wanted to do an IRS short term installment agreement instead, which I appli... See more...
My question is when I e-filed through TurboTax I said I would pay all my federal tax on 4/15 through direct debit, but then wanted to do an IRS short term installment agreement instead, which I applied for through their site (it says pending). In the meantime, it shows the pending 4/15 payment I said I would do when I e-filed and it says I can't cancel it through them and that I would have to do that through TurboTax since that was how it was submitted. I can't find a way to fix that. I am hoping that filing for the installment agreement through the IRS website will override whatever I submitted through TurboTax about paying it all on 4/15. Is that a correct assumption? Or is there a way on TurboTax to cancel that payment? I can't be the first person who has changed their mind regarding when I wanted to pay. Thanks.
Any return created on your desktop computer is on your computer generally in  a folder called Documents /Turbotax. There are no returns that you can see on the TurboTax site. 
You should receive a Form 1099-INT reporting the interest. It should list the tax-exempt interest in box 8. You enter that in the federal section of TurboTax, then Wages and Income , then Interest an... See more...
You should receive a Form 1099-INT reporting the interest. It should list the tax-exempt interest in box 8. You enter that in the federal section of TurboTax, then Wages and Income , then Interest and Dividends, then Interest on Form 1099-INT. After you enter the interest in TurboTax, you will come to a screen where you assign the income to a state or states. If you don't assign any of it to Kansas, it will be taxable there.  
@user17733334383 wrote:  The product itself should state this change.   ItsDeductible has always been a product separate and apart from TurboTax itself. In fact, you didn't have to be a Turbo... See more...
@user17733334383 wrote:  The product itself should state this change.   ItsDeductible has always been a product separate and apart from TurboTax itself. In fact, you didn't have to be a TurboTax user to have an Intuit account and use ItsDeductible (it was available to anyone free of charge).
Box (1) Wages are often less than box (7) Social Security wages.  This can happen if you have a 401-K or other deductible entity in your return. It has nothing to do with overtime. Overtim... See more...
Box (1) Wages are often less than box (7) Social Security wages.  This can happen if you have a 401-K or other deductible entity in your return. It has nothing to do with overtime. Overtime for the 2025 tax year is posted to box 14 of the W-2.
See if this procedure will work - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/get-max/L9ZW1BYc5_US_en_US