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a month ago
I am having this same issue in 2026. How did you proceed? I guess I could use fake state and zip and annotate if asked later ?
a month ago
Apparently there's been some changes to the tax law re: Seniors since our filing. Does that affect us?
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a month ago
Here are two FAQs to help: What if I'm having trouble with my filing verification code? and How do I get a verification code if the email address is wrong?
a month ago
Double check your status by check or creating an IRS Online account. Be sure to keep your acceptance date and the IRS does take some time to show the returns in your online account for the current ta...
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Double check your status by check or creating an IRS Online account. Be sure to keep your acceptance date and the IRS does take some time to show the returns in your online account for the current tax year.
If your tax return has been accepted you might also be able to access your transcript from the IRS.
Get My IRS Transcript
Current Year Transcript Availability
a month ago
See this for verification codes - https://ttlc.intuit.com/turbotax-support/en-us/help-article/security-risk/trouble-filing-verification-code/L6X76gZlE_US_en_US
a month ago
Can you clarify or describe the issue you are having, What do you want to post? Line 3 on the Form 1099-INT Worksheet is the same as Box 3 on the input screen.
a month ago
No for your taxes and yes to the paper trail.
I am going to assume you missed an RMD in 2024, filed the waiver and withdrew the correct amount in 2025. Then, you withdrew the 2025 RMD separately...
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No for your taxes and yes to the paper trail.
I am going to assume you missed an RMD in 2024, filed the waiver and withdrew the correct amount in 2025. Then, you withdrew the 2025 RMD separately. Your 2025 return will show all money taken during 2025. You should have a 1099-R that covers both RMD amounts.
You do want to keep your paper trail so you can show your 2024 return showed the 5329 and your 2025 return shows the RMD for both years. You are caught up. You can automate the RMD for future distributions. I recommend not waiting until the last week of the year - odd things can happen around the holidays and you don't want to chance not getting the RMD again.
a month ago
I'm trying to sign and file but it said a code was sent and I'm not receiving it
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a month ago
When I input my 1099 I owe just over $500 to federal. When I input my w-2 it says I should be getting back just over $500. When I combine them it says I owe just over $1,000 to federal. Why is that? ...
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When I input my 1099 I owe just over $500 to federal. When I input my w-2 it says I should be getting back just over $500. When I combine them it says I owe just over $1,000 to federal. Why is that? And adding both incomes does not put me into a higher tax bracket.
a month ago
Because of how a traditional pension is calculated, the entire pension is considered the RMD.
a month ago
While selling a rental requires specific reporting, it doesn't have to be stressful. Our TurboTax Community Tax Expert Video Tutorial walks you through the exact steps to enter rental property sales ...
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While selling a rental requires specific reporting, it doesn't have to be stressful. Our TurboTax Community Tax Expert Video Tutorial walks you through the exact steps to enter rental property sales in TurboTax.
Here’s a guide to the key tax terminology you will encounter.
Cost Basis: The original purchase price of your rental property, plus settlement costs at the time of purchase such as title insurance, recording fees, and legal fees.
Adjusted Basis: Your original cost basis plus the cost of any improvements and sales expenses, minus depreciation.
Asset Allocation: The method of dividing your total sales price and selling expenses among the different rental assets included in the sale, such as separating the building from the land.
Sales Price: The gross proceeds from the property sale. You can generally find this amount in Box 2 of your Form 1099-S, or you can use the gross proceeds amount listed on your settlement closing statement.
Sales Expenses: The costs associated with selling your property, which include advertising, sales commissions, legal fees, and transfer taxes.
Depreciation: A deduction taken over several years for the property's wear and tear. You will need to confirm prior-year depreciation amounts using last year’s Schedule E or Form 4562.
Additional Resources
I sold my rental property. How do I report that?
Where do I enter income and expenses from a rental property?
Rental Real Estate and Taxes
Tax Law for Selling Real Estate
Selling Rental Real Estate at a Loss
Need more help? Our TurboTax Community is here for you! Post your question in one of our dedicated tax forums.
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a month ago
If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.
You must first wait until the in...
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If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.
You must first wait until the initial return is completely processed.
You will have to use the same TurboTax account that you used for the original tax return.
Once you begin your amendment, you'll see your original return.
The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
Only make changes to the areas of your return that need to be corrected.
You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment
Select your product below and follow the instructions.
Amend TurboTax Online
Amend TurboTax CD/Download
a month ago
You owe your own correct tax, whatever that is. If you don't make payments into the system, or have withholding, you can owe a lot when you file your return. If you are not working, the credit for ...
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You owe your own correct tax, whatever that is. If you don't make payments into the system, or have withholding, you can owe a lot when you file your return. If you are not working, the credit for claiming a child dependent is much lower than if you have some income from working, that's just how the law is written.
Do you have a specific question about how to file?
a month ago
Hi Amy, Thank you for your reply and help! Since I can't get Turbo Tax to allow me to enter the percentage of our property we rented out, I will go the manual route in this case. In terms of ...
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Hi Amy, Thank you for your reply and help! Since I can't get Turbo Tax to allow me to enter the percentage of our property we rented out, I will go the manual route in this case. In terms of the 41% / 150 days rented, my understanding was that this should amount to the number of days that a property was rented out "at fair market rate" or some such. Are you saying it is actually the number of days it was offered for rent at fair market rate? This would increase our no. of days slightly so in the spirit of accuracy I will factor this in if so.
a month ago
Thanks. I did contact Schwab and the tech rep confirmed that Total Ordinary Dividends on page one of my 1099 Composite DOES include the foreign dividends specified much later on page 19.
a month ago
I have a regular pension. I have no RMD how do i get past the RMD page?
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a month ago
Thank you. What's murky here is the "business," my being a director, writer, performer, has existed for 50 years. What's new is I created an LLC (along with an EIN) to ensure my name was also my busi...
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Thank you. What's murky here is the "business," my being a director, writer, performer, has existed for 50 years. What's new is I created an LLC (along with an EIN) to ensure my name was also my business when dealing with producers, theatres, royalties, and such. What has changed is "MyName" as a self-employed contractor to "MyName LLC." Royalties, fees, and licensing contracts to produce my plays as a writer would, I assume, be more in line with operating as a legit business and possibly incurring more profit and expenses than being hired as a director or paid as a writer. Also, for legal protection with copyright and ownership. It's just that 2025 follows two earlier years of little or no income, and 2026 may be a much better year. It seems that since 2025 is the first year of the LLC (even though it is my name) I would benefit from the Startup rule. Or, I can simply eat the expenses this year (as I would have a large loss as an independent contractor). We're not talking 10000s, we're talking 1000s. PS Don't know if age enters this equation, but I'm also 80.
a month ago
I am resident in Italy, but am a U.S. citizen. The U.S. is my tax home.
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a month ago
I have imported my 1099 forms from multiple brokerages. I have added the "US government interest, if any, included in Box 1a" amounts in each 1099-Div. When I (off-line) add together the amounts...
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I have imported my 1099 forms from multiple brokerages. I have added the "US government interest, if any, included in Box 1a" amounts in each 1099-Div. When I (off-line) add together the amounts from: those 1099-Div entries, 1099-Int Box 3, and 1099-OID Box 8 AND compare it to the amount on TT populated line 22 of the Illinois Schedule M form - they do not match. The Schedule M amount is significantly less. Some amounts I entered must have been excluded from this state form. The Schedule M isn't editable in the "Illinois does things differently" section. I can't find a worksheet that shows what was added together to obtain the Schedule M entry.
a month ago
To replicate the prior depreciation methods, you may need to choose an asset type of "Other," which requires a thorough understanding of depreciation. This is a complex and tedious process, and you s...
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To replicate the prior depreciation methods, you may need to choose an asset type of "Other," which requires a thorough understanding of depreciation. This is a complex and tedious process, and you should consider upgrading to TurboTax Experts. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.