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8 hours ago
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8 hours ago
Thank you for the replies. The issue is that the 1098-T on turbo tax requires an EIN due to the AOC, however, if you are attempting to do the LLC and you are attending an eligible foreign university ...
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Thank you for the replies. The issue is that the 1098-T on turbo tax requires an EIN due to the AOC, however, if you are attempting to do the LLC and you are attending an eligible foreign university that does not give a 1098-T and does not have an EIN, then you would not be able to proceed due to the input validation on the turbo tax form that fills out the 1098-T. However, the IRS allows you the LLC without a University EIN, (assuming it is eligible) using the Form 8863, per the 8863 instruction sheet. Unfortunately, turbo tax does not allow you to complete a 8863 without first doing the 1098-T with a "Valid" EIN which creates the issue. I've reported the issue to the techies, so hopefully it gets fixed.
8 hours ago
Turbo Tax is not taxing the income distributed from 403b (pre-tax) plan rolled/transfered to Roth IRA (post tax).
8 hours ago
Thanks, yeah, I'm going with the $0 federal tax liability that Turbotax came up with and trusting it's right. One other data point that might be relevant is that most of the child's unearned inco...
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Thanks, yeah, I'm going with the $0 federal tax liability that Turbotax came up with and trusting it's right. One other data point that might be relevant is that most of the child's unearned income was from qualified dividends. And AI is telling me the following, which I'm not really sure is correct. Qualified Dividends/Capital Gains: If any of that $2,553 unearned income includes "qualified dividends" or "long-term capital gains" (common in many investment accounts), that portion is taxed at 0% if the child's total taxable income is below $48,475. TurboTax automatically identifies these lower-rate types of income.
9 hours ago
I'll tell you how to view the new Enhanced Senior Deduction below. For seniors age 65 and older and who meet the other qualifications for the new Enhanced Senior Deduction, TurboTax automatically...
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I'll tell you how to view the new Enhanced Senior Deduction below. For seniors age 65 and older and who meet the other qualifications for the new Enhanced Senior Deduction, TurboTax automatically fills out Schedule 1-A in the background and then enters the amount of the deduction on the Form 1040, Line 13b. It is not part of the standard deduction--it is a completely separate deduction on its own line. If you are "married filing jointly" and both qualify, then you both get the new deduction. If you are "married filing separately", however, you are not eligible. Single filers, HOH filers, and qualifying surviving spouse, if they otherwise qualify, are eligible. You appear to be using Online TurboTax--at least that is what a tag shows underneath your question above. If you are still preparing your online return, and want to verify that you received that new senior deduction, here's how you can preview the Form 1040 and confirm you are getting the enhanced senior deduction. If you already printed out a copy of your return, you can view the Form 1040, Line 13b and Schedule 1-A where it was calculated. If still preparing your return, here's how to preview it: With your return open go to the left column menu, and click on TAX TOOLS, then subtab TOOLS. In the Tools window choose "View Tax Summary." On that Tax Summary screen you should see that you are getting "Additional Deductions (Schedule 1-A)." Then, while still on that Tax Summary screen, you can further verify it by going over to the left column menu and under Federal clicking on "Preview my 1040." That opens up the Form 1040 Worksheet. Scroll down to Line 13b, and the figure there includes the enhanced senior deduction from the Schedule 1-A. And while you are there, you should see your standard (or itemized) deduction on Line 12e.
9 hours ago
@dayshauntaylor9 wrote: "I haven’t got my money and it said it was gonna be my account today." Today is just starting after a holiday weekend. "it said..." What is the "it" that did th...
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@dayshauntaylor9 wrote: "I haven’t got my money and it said it was gonna be my account today." Today is just starting after a holiday weekend. "it said..." What is the "it" that did the saying? If you are referring to a Federal refund, what is showing at the IRS "Where's My Refund" tracker tool? Does it say the refund has been sent and gives an expected deposit date? https://www.irs.gov/refunds The IRS also says to allow up to 5 days due to variations in bank processing times. Also, is the refund supposed to go directly from the IRS to your bank account, or did you choose an option that involves a third-party bank such as "pay fees out of refund," or the "up to 5 days early" offer, or Refund Advance?
9 hours ago
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9 hours ago
I followed the steps in this FAQ to get my download, how to install and activate it on my computer. FAQ: Get started with Desktop TurboTax https://ttlc.intuit.com/turbotax-support/en-us/help-ar...
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I followed the steps in this FAQ to get my download, how to install and activate it on my computer. FAQ: Get started with Desktop TurboTax https://ttlc.intuit.com/turbotax-support/en-us/help-article/license-information/install-turbotax-cd-download-software-license-code/L1wFOSXur_US_en_US
9 hours ago
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9 hours ago
Ariel reedy
Topics:
9 hours ago
I am UNABLE to enter my Social Security input from my SSA-1099 form because there appears to be bug in the TurboTax program for Tax Year 2025. Under the "Your 2025 Income Summary" screen, when I cli...
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I am UNABLE to enter my Social Security input from my SSA-1099 form because there appears to be bug in the TurboTax program for Tax Year 2025. Under the "Your 2025 Income Summary" screen, when I click on the "Update" button for "Social Security (SSA-1099, RRB-1099), it simply re-displays the summary screen. It does NOT go into the SSA-1099 input screens. I am running TurboTax for Tax Year 2025 on my Apple iMac computer. Everything (software) is up-to-date with the latest updates. Please investigate and advise how to resolve this EasyStep glitch with Social Security input.
9 hours ago
@nathanparks157 asked: "Agi missing how can I get it if it’s not on w-2?) In what context are you mentioning AGI? Are you needing the 2024 AGI to verify your 2025 return for efiling? Or are ...
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@nathanparks157 asked: "Agi missing how can I get it if it’s not on w-2?) In what context are you mentioning AGI? Are you needing the 2024 AGI to verify your 2025 return for efiling? Or are you asking about something else?? AGI is never on a W-2. It is a calculated amount on the actual Form 1040. If you need the 2024 AGI to verify your 2025 efiling, do you have your 2024 return where you can view it? It's on your 2024 Form 1040, Line 11. If you did not file a 2024 return at all, and no one else (such as a parent) filed one for you in your name, then your 2024 AGI would be 0. If your 2024 return was prepared in Online TurboTax, we can tell you how to find it. If you filed a 2024 return last year, and if you have an online IRS account, you can also get the 2024 AGI in that online IRS account. If that's not what you are referring to, then you'll need to explain more.
yesterday
Why is it, that if I try to request a refund OR look-up an order so I can complete the process, then enter the info from an Order Confirmation email, I am told "The order was not found"? Clearly, if...
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Why is it, that if I try to request a refund OR look-up an order so I can complete the process, then enter the info from an Order Confirmation email, I am told "The order was not found"? Clearly, if I enter all of the data exactly as the email shows & my bank account has been charged, it should be possible for the system to locate my order... It appears the others from previous years complaining about this are correct, that you CANNOT succeed with getting a refund thru the links provided(if at all, after a certain point). But, at the very least, you should be able to look-up and confirm an order, if you've already been charged. It makes it look like this is purposely done, so that Intuit can avoid issuing refunds for ANY reason. But, can convince those looking into it, that they allow people to receive refunds, by at least some means(this appears doubtful)... That the "refund" system is essentially useless/pointless due to not being able to find orders, even when the data is PERFECTLY entered, is ridiculous. It would be better just to have a "No Refunds" notice once you enter a certain point. As, that is PRECISELY what occurs, but they give the impression it's otherwise... PLEASE, at least fix the system so that either orders can be found & refunds can ACTUALLY be allowed. Or, alert users when they've reached the point that no refunds will be issued, even if the service will not allow you to e-file. Which, is how I found out about this problem with trying to get a refund...
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yesterday
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yesterday
I purchased a home in March 2025 and took out a mortgage of $920,000. I refinanced the loan in December 2025 with a new loan of $915,000. For 2025: Loan 1 was active from March–December Loan 2 w...
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I purchased a home in March 2025 and took out a mortgage of $920,000. I refinanced the loan in December 2025 with a new loan of $915,000. For 2025: Loan 1 was active from March–December Loan 2 was active in December When calculating the mortgage interest limitation under the $750,000 cap (post-2017 loans), how should I determine the “average mortgage balance” for 2025? Specifically: Should I use a full-year average (e.g., ~$910K as calculated by software), or Should I adjust for the fact that the mortgage only existed from March–December and use a time-weighted i.e. (sum of mortgage statements (March to Dec) + 0 (for Jan-Feb))/12 (~$766K)? I want to ensure the calculation aligns with IRS Publication 936 for a loan that was not outstanding for the full year and was refinanced in the year.
yesterday
how do I find someone to file my 2024 taxes for me
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yesterday
Are you referring to a scary screen at EasyExtension that says you will be filing your returns? See this other thread and if it describes what you are experiencing. There are some images there, too....
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Are you referring to a scary screen at EasyExtension that says you will be filing your returns? See this other thread and if it describes what you are experiencing. There are some images there, too. https://ttlc.intuit.com/community/taxes/discussion/extension-verbiage-indicates-taxes-are-being-filed/00/3825122 If that's your situation, a couple of users proceeded and said it just filed their extension request. A TurboTax employee in that thread said the wording won't be changed until after filing season. IMO, it's easier and faster to file an extension request at the IRS website and pay the expected tax due there. You can file an extension request at the online IRS website a couple of ways: You can go to https://www.irs.gov/payments and choose to pay your expected taxes due toward a Form 1040, and for reason choose "extension", and you can pay directly from your bank account (or by debit/credit card.) Choose the correct tax year. Print out your confirmation. Or if you have an online IRS account, you can sign into your online account at the IRS and then go to the payments section to pay your expected taxes due. Again, you will have a form where you can choose "extension" as the reason for the payment. NOTE: There is no fee if you pay directly from your bank account. There are fees for debit and credit card. The card fee can be hefty if your tax payment is large.
yesterday
I believe there is an issue with the form. Since my parents do not live in CA, I entered 0 for all lines prompting me about their 540/540NR. Line 18 says that it should take the the maximum of line 1...
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I believe there is an issue with the form. Since my parents do not live in CA, I entered 0 for all lines prompting me about their 540/540NR. Line 18 says that it should take the the maximum of line 16 and line 17, but the value in line 18 is not corresponding to either of those, but is a higher number instead. I believe this is a bug with the software. My token number is #13915434168795589-57971756
yesterday
Says that the taxes are different from my tax rate for my state?
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