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March 18, 2026
12:55 PM
The standard deduction has nothing to do with your sole-proprietorship. You need to file a schedule C. In TurboTax that is in the 'Business Items' section of the wages and income section on your fe...
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The standard deduction has nothing to do with your sole-proprietorship. You need to file a schedule C. In TurboTax that is in the 'Business Items' section of the wages and income section on your federal return. When you click start next to the schedule C there the system will walk you through entering your 1099-K and then will take you to an area where you can enter all of your business expenses - all of the expenses that you had in order to earn the money on the 1099-K. Once you have done that you will only be taxed on the money that you got to keep.
March 18, 2026
12:55 PM
Is there a way to work around a negative cost basis on form 8949 preventing e-filing?
March 18, 2026
12:55 PM
Hi - Can you please provide an update? Has the system been fixed?
March 18, 2026
12:53 PM
If you not receive a call back from your tax representative, you can reach out again at:
TurboTax Customer Service
March 18, 2026
12:53 PM
Topics:
March 18, 2026
12:53 PM
No. Since you are being claimed as a dependent you do not enter the form1098-T on your tax return.
March 18, 2026
12:53 PM
IT SHOULD BE ON THE SCHEDULE B WITH A INTEREST MORTGAGE STATEMENT?
Topics:
March 18, 2026
12:52 PM
After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return...
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After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.
What do the emails indicate?
March 18, 2026
12:52 PM
TT is asking multiple questions regarding foreign tax credit, none seems to apply to my situation (unless i don't understand what TT is asking). I have 1500$ left from a foreign tax credit entered in...
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TT is asking multiple questions regarding foreign tax credit, none seems to apply to my situation (unless i don't understand what TT is asking). I have 1500$ left from a foreign tax credit entered in my 2024 tax report (3380$ were used in 2024). I want to enter that 1500$ carryover tax credit into my 2025 tax report ... can an expert tell me exactly where to go, how to answer the series of questions to ensure I can add that carryover credit to my 2025 report? Thanks in advance. Steve
March 18, 2026
12:51 PM
Why did you not calculate my Social Security taxable amount. I was due $4400 refund and now being told by the IRS I owe over $2800. Why did I pay for your defective product? You have to know about th...
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Why did you not calculate my Social Security taxable amount. I was due $4400 refund and now being told by the IRS I owe over $2800. Why did I pay for your defective product? You have to know about this problem and you did not reach out and tell me anything. I am very very upset. Who is paying for my time to refile and address any state filing issues? Michael Humphrey
March 18, 2026
12:50 PM
@user17738446560 Not sure of the best way. I know they ask for a review after filing.....you could have your evaluation of the problem typed up and ready to post in that evaluation.....for the ...
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@user17738446560 Not sure of the best way. I know they ask for a review after filing.....you could have your evaluation of the problem typed up and ready to post in that evaluation.....for the powers-that-be to consider to be worked on for future software revisions.
March 18, 2026
12:50 PM
1 Cheer
The foreign tax credit without filing form 1116 is only applicable if it is reported on a Form 1099, not a schedule K-1. So, you will need to enter it as follows to generate the Form 1116: 1. Fr...
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The foreign tax credit without filing form 1116 is only applicable if it is reported on a Form 1099, not a schedule K-1. So, you will need to enter it as follows to generate the Form 1116: 1. From the Federal section of TurboTax, go to the Deductions and Credits section 2. Find Estimates and Other Taxes Paid 3. Choose Foreign Taxes 4. Indicate that you paid foreign taxes or have credits from prior years 5. Work through the section until you see an option to take a deduction or credit, the credit is usually better 6. Complete the rest of the section
March 18, 2026
12:50 PM
When the Chrome browser window opens for you to Sign In to your Merrill account, click the icon in front of the URL address. From the pop-up, choose 'Site Settings' and scroll down to 'Local Network...
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When the Chrome browser window opens for you to Sign In to your Merrill account, click the icon in front of the URL address. From the pop-up, choose 'Site Settings' and scroll down to 'Local Network' and choose 'Allow'.
Before the days imports became available, a Category Summary Total was entered in a tax return. Here's How to Enter a Summary in Lieu of Individual Transactions.
@Wild_Bill
March 18, 2026
12:49 PM
Thank you for confirmation of the bug and workaround. The workaround that you suggest is exactly what I did before filing earlier.
March 18, 2026
12:49 PM
To be able to efile your Massachusetts return, your name must match your Social Security Card. To fix this, go back to My info section in TurboTax and check your name, if you need to enter your midd...
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To be able to efile your Massachusetts return, your name must match your Social Security Card. To fix this, go back to My info section in TurboTax and check your name, if you need to enter your middle initial, you can enter it there.
March 18, 2026
12:49 PM
I mistakenly funded $5000 into a Roth without any wages realizing I was ineligible.
Topics:
March 18, 2026
12:48 PM
1 Cheer
You indicate the distribution was a qualified charitable donation (QCD) when you enter the 1099-R form. Where do I enter a 1099-R?
To report a QCD, you’ll use a 1099-R form. While enter...
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You indicate the distribution was a qualified charitable donation (QCD) when you enter the 1099-R form. Where do I enter a 1099-R?
To report a QCD, you’ll use a 1099-R form. While entering your 1099-R in TurboTax, be sure to select the correct box 7 distribution code. You’ll then be prompted to confirm the amount donated.
How do I enter Qualified Charitable Distributions?