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IT SHOULD BE ON THE SCHEDULE B WITH A INTEREST MORTGAGE STATEMENT?
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... See more...
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?
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... See more...
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
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... See more...
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
@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 ... See more...
@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.
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... See more...
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          
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... See more...
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     
Thank you for confirmation of the bug and workaround.  The workaround that you suggest is exactly what I did before filing earlier.
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... See more...
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.  
I mistakenly funded $5000 into a Roth without any wages realizing I was ineligible.
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... See more...
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?
I’m getting told by there AI that I haven’t file my tax return yet. I’m able to check on there app and I see that I have filed them. The IRS is also saying that they can’t find anything that I haven’t... See more...
I’m getting told by there AI that I haven’t file my tax return yet. I’m able to check on there app and I see that I have filed them. The IRS is also saying that they can’t find anything that I haven’t filed my 2025 taxes yet.
Turbo Tax Home & Business is adding a Estimated Tax Penalty of $136 on line 38 of form 1040 when line 34 indicates an overpayment of $263.  The IRS help guide says a underpayment of estimated tax is ... See more...
Turbo Tax Home & Business is adding a Estimated Tax Penalty of $136 on line 38 of form 1040 when line 34 indicates an overpayment of $263.  The IRS help guide says a underpayment of estimated tax is avoided if the filed tax return shows owing less than $1,000.  I should not have to white out my tax return to make a correction for eliminating the penalty.    It would be nice to know if this issue is fixed by contracting me at [email address removed] or [phone number removed].   Thank you, Dan
I have tried that - it will not link to either person on the worksheet
Thank you. I think I finally understand how this works now, lol. I will have to amend last years return. And I understand who to list as the asset owner now.
Sorry, I'm still unclear about what I need to enter on form 8938 as the inheritance money was merged with non-inheritance money in my bank account. Do I subtract the inheritance amount from the maxim... See more...
Sorry, I'm still unclear about what I need to enter on form 8938 as the inheritance money was merged with non-inheritance money in my bank account. Do I subtract the inheritance amount from the maximum amount in my bank account and enter that as the maximum value of the account on form 8938?   Thanks