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To clarify!!! You do not need to provide a child in an LLC a W2 as long as it is under that years standard deduction 2024 is $14600. You do NOT need to pay the Social Security tax ecj, as that is the... See more...
To clarify!!! You do not need to provide a child in an LLC a W2 as long as it is under that years standard deduction 2024 is $14600. You do NOT need to pay the Social Security tax ecj, as that is the point of employing your dependent children. You do need to keep records of their work/pay. 
Second update - after a while I got an email/text stating that my return was accepted. Whew! Thanks for your help. I believe I got that error message because after I printed my amended return the scr... See more...
Second update - after a while I got an email/text stating that my return was accepted. Whew! Thanks for your help. I believe I got that error message because after I printed my amended return the screen prompted me to mail it, so I hit the back button. Just confusion, hopefully I'm done. 
Are you saying you can completely skip all the menus and simply edit the forms directly, without losing the ability to e-file?   That was not my experience, but maybe there was a lingering effect f... See more...
Are you saying you can completely skip all the menus and simply edit the forms directly, without losing the ability to e-file?   That was not my experience, but maybe there was a lingering effect from when I first tried to enter the home office deduction.   The same thing happened in another menu on the state return, and I ended up having to give up a $70 tax break that I would have easily gotten by filling out the form manually.    Unfortunately in that case the form was automatically activated by Turbotax so editing it directly was never an option.   Unfortunately the only solution I can think of to these problems is to use a different tax product.   IRS rules are challenging enough without also having to resolve Turbotax bugs and idiosyncrasies.
If your son has his own Form 1095-A because he purchased health insurance through the marketplace, TurboTax may not list him directly when entering 1095-A info if he is claimed as your dependent. In ... See more...
If your son has his own Form 1095-A because he purchased health insurance through the marketplace, TurboTax may not list him directly when entering 1095-A info if he is claimed as your dependent. In this case, you should select that the 1095-A is not for you or your wife, then follow the instructions to enter the information as it applies to your son.   To enter Form 1095-A for your dependent son in TurboTax and associate the coverage correctly, follow these steps: 1. Go to the Health Insurance section in TurboTax. 2. Choose to Add a 1095-A. 3. When asked, select that the form is not for you or your spouse. 4. Indicate that the health plan is shared with a dependent. 5. Enter your son's Social Security number as the recipient. 6. Enter the months he was covered by the marketplace plan. 7. Enter the amounts from columns A, B, and C on your son's 1095-A form. 8. TurboTax will then ask you to allocate the premium percentages between you and your son for tax credit purposes. Agree on the share percentage you’ll claim. This ensures TurboTax correctly applies the Premium Tax Credit and coverage information for your son, even though he is a dependent on your return.
To report that you materially participated and claim the "other passive exception," be sure you have checked all three boxes on Schedule E in TurboTax Desktop using Forms Mode: Line C Active Par... See more...
To report that you materially participated and claim the "other passive exception," be sure you have checked all three boxes on Schedule E in TurboTax Desktop using Forms Mode: Line C Active Participation Line D Material Participation Line G Other passive exceptions.   This designation may or may not change your tax liability, depending on other factors present on your return.   @strental 
SmartCheck (TurboTax 2025) shows the date sold cannot be in 2026. This was not an issue in TurboTax 2024. The problem arises from earnings earned and reported in 2025, but distributed in 2026. Turbo... See more...
SmartCheck (TurboTax 2025) shows the date sold cannot be in 2026. This was not an issue in TurboTax 2024. The problem arises from earnings earned and reported in 2025, but distributed in 2026. TurboTax support said to change the date (12/31/2025, e.g.).
AnnetteB6, thank you for the detailed explanation.  I have my prior year depreciation but entering it with the limited choices in Turbo tax has been challenging.  I will walk through your instruction... See more...
AnnetteB6, thank you for the detailed explanation.  I have my prior year depreciation but entering it with the limited choices in Turbo tax has been challenging.  I will walk through your instructions below and see if it works.   Just a few examples I am trying to get right.   Example 1: Roof ($5600) put on 4/25/2019. My prior accountant had the per convention method as 20 HY 150DB with the Bonus checked with and X.  This is not an option in Turbo Tax and when trying to add this in it showing as 27 MM S/L and is not flowing through to my NY State return.   Example 2/3: Dishwasher ($900) from 3/15/2016 and an Electric Upgrade ($2300) from 4/20/2016.  My prior accountant had the per convention method as 5 HY 200DB with both section 179 and Bonus checked (Basically, I fully depreciated it).  However, Turbo tax Isn't allowing me to enter both section 179 and Bonus and show it fully depreciated.  Turbo tax is throwing an error saying I can can only have special depreciation at 50% as I was trying to put 100% under Bonus Depreciation because there is no option to enter them as 50% section 179 and 50% bonus.   Example 4/5: Steam Boiler ($4800) from 10/28/2015 and a Refrigerator ($460) from 9/29/15..  My prior accountant had the per convention method as 10 HY 200DB for the boiler and 5 HY 200DB and both have section 179 and Bonus checked (Basically, fully depreciating them).  However, Turbo tax isn't allowing me to enter both section 179 and Bonus and show it fully depreciated.  Turbo tax is throwing an error saying I can can only have special depreciation at 50% as I was trying to put 100% under Bonus Depreciation because there is no option to enter them as 50% section 179 and 50% bonus.   Lastly, I have a few assets from this year (2025) that I am taking section 179 on for the full amount. Example 6: Carpet ($3331) from 10/23/2025. This appears correct in turbo tax but on the Depreciation and Amortization Report, the asset is showing $0 under the current deprecation column.  Is this because the full amount is listed under the Section 179 column.  Same with a gas stove ($799) from 11/08/2025.  Both are listed as 5 year 200DB/HY.  Additionally, these are not flowing through to my NY State tax return.  I am showing a loss across my properties an I am not sure if that is why but I don't like not seeing them on my NY State tax return.. Any reason this would be?
This is standard corporate smoke blowing speak. You get the same type of letter when you get laid off or the company shuts down after investing 20+ years, if they respect you.  There should have bee... See more...
This is standard corporate smoke blowing speak. You get the same type of letter when you get laid off or the company shuts down after investing 20+ years, if they respect you.  There should have been a disclaimer on the packaging, and a class action filed as a follow up. 
@lynnfyork    1)  If you amended your 2024 tax return, it is line 11 on the ORIGINAL tax file...before the amendment was made. 2) If you filed late in the year.....on paper thru the PO mail, then ... See more...
@lynnfyork    1)  If you amended your 2024 tax return, it is line 11 on the ORIGINAL tax file...before the amendment was made. 2) If you filed late in the year.....on paper thru the PO mail, then your late-filed 1040 AGI may not be on the acceptance computers that the IRS uses....so in that case, try a zero instead.  
Yes, you can prepare and file a tax return for someone else. If you are paid to do it, the IRS generally requires you to sign the return as a paid preparer and have a PTIN. If you aren't paid, you ca... See more...
Yes, you can prepare and file a tax return for someone else. If you are paid to do it, the IRS generally requires you to sign the return as a paid preparer and have a PTIN. If you aren't paid, you can help them file, but they must still review and sign the return themselves.    
If your Form 1095-A covers both you and your wife but you had different months of coverage, TurboTax will ask you to specify how to split the coverage amounts. Here’s what to do: 1. When asked... See more...
If your Form 1095-A covers both you and your wife but you had different months of coverage, TurboTax will ask you to specify how to split the coverage amounts. Here’s what to do: 1. When asked if the 1095-A is for you or your wife, select the option that fits your situation (such as "My health insurance covered both me and my spouse"). 2. You will then enter the coverage months separately—enter 3 months for yourself and 12 months for your wife. 3. TurboTax will help allocate the amounts from Form 1095-A accordingly, so your Premium Tax Credit and other calculations reflect your individual coverage months. This ensures your tax return correctly accounts for each person's coverage period from the shared 1095-A form.
@ReneV4, thank you. This is exactly what I needed. Thank you 1000x!
@panamax If the Form 1040-X was not included then you did not amend the tax return. Go back and remove any of your changes and save the tax return.  Then use this procedure to amend the return -  ... See more...
@panamax If the Form 1040-X was not included then you did not amend the tax return. Go back and remove any of your changes and save the tax return.  Then use this procedure to amend the return -  Click on Federal Taxes (Personal using Home & Business) Click on Other Tax Situations Under Other Tax Forms On Amend a return, click the start button   When completed with the amended return you will need to save the return with a unique file name.  Click on File at the top left of the desktop program screen.  Click on Save as...
It is possible that you have downloaded an IRS form 1099-B which reports a purchase date of 'Various'.     The software needs direction as to whether to report a long-term or short-term gain or l... See more...
It is possible that you have downloaded an IRS form 1099-B which reports a purchase date of 'Various'.     The software needs direction as to whether to report a long-term or short-term gain or loss on the transaction.   In other cases, the provider does not not have or is not required to report a cost basis for the transaction.  See whether the cost basis is incorrect or missing.   Review the transaction and see whether information is missing.
Oregon allows you to subtract income from a federal pension, if the employment occurred before October 1, 1991. If you qualify, when you enter your pension into TurboTax, select "Federal government r... See more...
Oregon allows you to subtract income from a federal pension, if the employment occurred before October 1, 1991. If you qualify, when you enter your pension into TurboTax, select "Federal government retirement benefits" on the "Where is your distribution from?" screen.  This will generate the deduction on Schedule OR-ASC of your Oregon return.  To go back to your 1099-R entry, go to Wages & Income and edit your 1099-R.   If you have no service before October 1, 1991, you cannot take this subtraction.    Publication OR-PIT-VET
Thank you! Appreciate your response. 
That was not a nice surprise to find. It will impact decision to continue with TT in upcoming years returns. Is there any plan to fix that or add another program? I am sure I'm not the only one that ... See more...
That was not a nice surprise to find. It will impact decision to continue with TT in upcoming years returns. Is there any plan to fix that or add another program? I am sure I'm not the only one that was highly dependent on using it to calculate FMV on donations. 
1. and 3. The lines are blank since TurboTax is using the Taxable IRA Distribution Worksheet according to Pub. 590-B, indicated by the *.   2. Yes, only the gains of $3,627 should be taxable. I l... See more...
1. and 3. The lines are blank since TurboTax is using the Taxable IRA Distribution Worksheet according to Pub. 590-B, indicated by the *.   2. Yes, only the gains of $3,627 should be taxable. I like to take a look at your return to figure out what is going on.. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online:    From the left menu select Tax Tools.  Then select Tools below Tax Tools.  A window will pop up which says Tools Center.   On this screen, select Share my file with Agent.  You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.  Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.     The instructions for TurboTax Download:    On your menu bar at the very top, click "Online" Select "Send Tax File to Agent"   Click "Send" The pop-up will have a token number Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.     We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution. @ales01 
Student loan payments are not deductible on a tax return.   However, student loan interest paid is deductible on a federal tax return up to a maximum of $2,500.   To enter student loan intere... See more...
Student loan payments are not deductible on a tax return.   However, student loan interest paid is deductible on a federal tax return up to a maximum of $2,500.   To enter student loan interest paid - Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Education On Student Loan Interest Paid (Form 1098-E), click the start or update button