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4 hours ago
The status might be pending for security reasons. This may be a sign that someone is trying to use your identity to file a tax return. This can take up to 72 hours, after which your return will then ...
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The status might be pending for security reasons. This may be a sign that someone is trying to use your identity to file a tax return. This can take up to 72 hours, after which your return will then be forwarded to the IRS, or if applicable, rejected. If rejected, you can then correct the rejection issue and resubmit. Please see this FAQ for reference.
4 hours ago
form 1040 line 6b - why is it showing 0
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4 hours ago
Thanks @Vanessa A. This was a tax introduced a couple of years ago, as outlined here: Capital gains tax | Washington Department of Revenue The tax calculations for this are discussed here: Sta...
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Thanks @Vanessa A. This was a tax introduced a couple of years ago, as outlined here: Capital gains tax | Washington Department of Revenue The tax calculations for this are discussed here: Statement regarding the capital gains excise tax and calculation of credit for taxes paid to another taxing jurisdiction | Washington Department of Revenue Washington uses a two-tier rate structure based on the amount of taxable gain: 7% on taxable gains up to $1 million This applies to total gains from $278,001 up to $1,278,000 9.9% on the portion of taxable gains over $1 million This applies to total gains above $1,278,000 The higher rate applies only to the excess amount, not the entire gain. But what I'm understanding from you is that TurboTax doesn't support this at all? Thanks!
4 hours ago
Most payment errors are caused because of your address not matching the credit card address, issues with your browser, or credit card authorization issues. To fix this:
Make sure the addres...
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Most payment errors are caused because of your address not matching the credit card address, issues with your browser, or credit card authorization issues. To fix this:
Make sure the address on your return matches the address on the credit card
Clear your cache and cookies.
Try a different Web Browser.
If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates".
4 hours ago
For additional information, which may be relative to your 1099-DA as you mentioned, the reason for mailing the forms usually relates to the noncovered shares as indicated in an earlier answer. For sa...
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For additional information, which may be relative to your 1099-DA as you mentioned, the reason for mailing the forms usually relates to the noncovered shares as indicated in an earlier answer. For sales of investments where there is no information on the cost basis the reason is below.
In 2008, Congress passed legislation which required brokers to report the cost basis for securities and mutual funds to both the investors and the Internal Revenue Service (IRS), effective tax year 2011, the difference between covered and noncovered shares is who keeps track of the cost basis.
For covered shares, the financial organizations are required to report cost basis to both you and the IRS.
For noncovered shares, the cost basis reporting is sent only to you.
Mailing the Form 8453 with Form 8949 and/or an information document for purchases and sales of your investments has been a common occurrence for years.
How do I mail Form 8453? (review if alerted)
@user17748294106
4 hours ago
Schedule H-T (Household Employment Taxes for Taxpayer) Part II (FUTA) Section B Line 17 is used to report your taxable wages paid to your household employees by state and by rate period. Column C req...
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Schedule H-T (Household Employment Taxes for Taxpayer) Part II (FUTA) Section B Line 17 is used to report your taxable wages paid to your household employees by state and by rate period. Column C requires a "from" and "to" date for the period when the state experience rate applies. Column D is for the state experience rate. If your rate changed during the tax year, complete a new line for each rate.
To receive credit for the household employment taxes you paid, you must complete all columns in Section B that apply. Your state gives you an experience rate. If you don't know your rate, contact your state unemployment tax agency.
For more help, see IRS Instructions for Schedule H Line 17.
4 hours ago
When entering your combined service history into Oregon PERS or a standard state application, it’s important to know how your two federal careers fit with Oregon’s requirements. Here is how to report...
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When entering your combined service history into Oregon PERS or a standard state application, it’s important to know how your two federal careers fit with Oregon’s requirements. Here is how to report your two 1099 R's and how to report your years of service in the Oregon return.
1. Enter the Income (Federal Section)
You should have one 1099 R for your military retirement and one for your USPS (FERS) retirement.
Go to Federal > Wages & Income.
Scroll to Retirement Plans and Social Security and select IRA, 401(k), Pension Plan Withdrawals (1099-R).
Enter your Military 1099-R and your USPS 1099-R separately.
Crucial Step: When entering the Military 1099-R, TurboTax will ask "What type of plan is this?" Be sure to select Military Retirement. This triggers the specific tax breaks for veterans.
2. Claim the Oregon Subtraction (State Section)
Oregon allows a Federal Pension Income Subtraction. Because you have a mix of pre-1991 and post-1991 service, TurboTax needs to calculate how much of your pension is tax-free in Oregon.
Go to the State Taxes tab and start the Oregon return.
Look for a screen titled "Here's the income that Oregon handles differently" or "Federal Pension Subtraction."
TurboTax will ask for your "Total Months of Federal Service" and "Months of Service before October 1, 1991."
Your 46-Year Calculation:
Add your military months and your USPS months together.
Only the months served before October 1, 1991, count toward the tax-free percentage.
If you have overlapping months (e.g., you were in the Reserves while at the Post Office), do not count those months twice.
As a FYI, if your 1099-R from DFAS or OPM has an empty Box 16 (State Distribution), TurboTax might get confused and think $0 is taxable. Manually enter the same amount from Box 1 into Box 16 and select OR as the state. This turns on the Oregon module so your military subtraction is applied correctly.
4 hours ago
1 Cheer
Based on the information you shared, it sounds as if you may need to file two Schedule Cs -- one as a self-employed performer/director and one for your LLC that was formed for producing. If you did ...
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Based on the information you shared, it sounds as if you may need to file two Schedule Cs -- one as a self-employed performer/director and one for your LLC that was formed for producing. If you did not work as a performer/director for 2025, then that Schedule C is probably not needed.
If you will continue to work as a performer and your income will be paid to the LLC rather than to you personally, then a single Schedule C could work in the future.
Since your startup costs are under $5000, they can be deducted on the Schedule C and do not have to be amortized or spread over a number of years.
4 hours ago
There are multiple ways you can access your money. You can withdraw money in ATMs, transfer the money to another bank account, you can add your Credit Karma or Cash App and transfer your money. You...
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There are multiple ways you can access your money. You can withdraw money in ATMs, transfer the money to another bank account, you can add your Credit Karma or Cash App and transfer your money. You could also add your Credit Karma virtual card to Apple Pay or Google Pay for in-store purchases.
Getting to know Credit Karma Money™
Credit Karma Money
4 hours ago
I filed my taxes over a month ago. I had several complicated issues (selling investment property, capital gains). I owed a few thousand dollars. Risk audit said I was at the lower end. My question is...
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I filed my taxes over a month ago. I had several complicated issues (selling investment property, capital gains). I owed a few thousand dollars. Risk audit said I was at the lower end. My question is how do I know all is good? My return was accepted, they took the money. Do I not know for the next 3 years? It should be all good...but I never dealt with selling investment property or capital gains on asset sale. TT agents guided me...but I would just like "closure". Any thoughts?
4 hours ago
The total of all contributions over the years prior to 2025.
4 hours ago
I have an QBI suspended loss - passive carryover from 2024; where do I input in 2025
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4 hours ago
1 Cheer
You should be able to. Are you getting an error that is not allowing you to e-file?
4 hours ago
Adjustments to the income or loss reported on your Federal Schedule K-1 are made in the State return interview. Look for a page about things your state does differently. Or a topic for Business Incom...
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Adjustments to the income or loss reported on your Federal Schedule K-1 are made in the State return interview. Look for a page about things your state does differently. Or a topic for Business Income or even K-1s. Work through those topics to find an entry that allows you to adjust the federal amount to match the figure reported on the state K-1.
4 hours ago
It depends. First any distribution from an inherited traditional IRA or a Roth IRA would be reported on Form 1099-R and not Form 1099-B. If I assume you actually sold inherited assets outside of eith...
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It depends. First any distribution from an inherited traditional IRA or a Roth IRA would be reported on Form 1099-R and not Form 1099-B. If I assume you actually sold inherited assets outside of either IRAs then it would be a sale of inherited investments. Walk through the steps shown later to enter any sale of inherited investments.
First, if you have only a 1099-B (not a Form 1099-R) you should delete the form and re-enter.
Use the link below for your version of TurboTax to delete a form.
If you're using TurboTax Online software and need to delete a form, click here.
If you're using TurboTax Desktop software and need to delete a form, click here.
Next, do the following after closing your tax return.
Try clearing the cookies and cache. It handles many issues that seem nonsensical on a regular basis with online activity. Watch to be sure you are selecting 'all time' as example. Do not use selections like 'last hour' for those browsers that give you options.
How to clear your cache
Once this is complete open your return and try again.
If you are using TurboTax Desktop, save your return, then at the top select Online, then Check for updates.
Investment Sales of Inherited Investments or Assets:
Your cost basis is the fair market value on the date of death of the decedent, plus the capital improvements (not repairs but improvements that are capital in nature). The expenses of sale will reduce any gain or increase any loss as well. This is entered as the sale of investment property and can be entered as follows.
Enter the inherited property sale in TurboTax using the steps provided.
Open or continue your return: Choose the Search box and type 'sale of second home' then use the Jump to link to enter your inherited sale) or follow the menu. In TurboTax Online select 'See more' in the FAQ then click 'sold second home'.
Under Wages & Income scroll to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2025? screen
If you land on the Your investment sales summary screen, select Add More Sales
On the OK, let's start with one investment type screen, select Other, then Continue
On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
On the next screen, select Other (choose this also for inherited homes) then select I inherited it under How did you receive this investment? (For TurboTax Desktop you can enter a description of 'Inherited Home' and long term holding period).
Please update here with additional details if you have more questions and we will help.
4 hours ago
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4 hours ago
I've been using TurboTax for over a decade. If this had been my first year, I probably would not return to using TurboTax. The prompts were clunky and felt like they were written by AI. The constant ...
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I've been using TurboTax for over a decade. If this had been my first year, I probably would not return to using TurboTax. The prompts were clunky and felt like they were written by AI. The constant push to upgrade which level I was using was frustrating. And, when I did make use of the forced "expert assist" (or did I misunderstand what the screen was saying? We file Sole Proprietor LLC taxes with our personal taxes and it seemed I couldn't do the 'do it all yourself' level any more.) the connection was bad and he couldn't answer my question! I just wanted to provide some feedback but there doesn't seem to be a way to do that.
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4 hours ago
To get started with TurboTax Online, go to TurboTax.com and select “Start for free” or “Sign up” to create your account.
From there, TurboTax will guide you step-by-step through questions abou...
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To get started with TurboTax Online, go to TurboTax.com and select “Start for free” or “Sign up” to create your account.
From there, TurboTax will guide you step-by-step through questions about your income and deductions, and you can easily import or upload forms like your W-2. Your progress is saved automatically, so you can come back anytime.
You can choose to file on your own, get guidance from a tax expert, or have a professional prepare your return for you.
If you purchased TurboTax from a retailer, go to TurboTax.com/activate, sign in or create your Intuit account, enter your activation code, and follow the prompts to finish setup.
Click here for How do I get started with TurboTax Online that I purchased from a retailer?
Click here for Video: How to File Taxes Online in 3 Simple Steps
Click here for How to File Taxes Online
4 hours ago
Non-cash charitable contributions reported on IRS form 8283 may be listed these broad categories, such as:
home gym items,
electronic items,
television, and
clothing.
This would...
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Non-cash charitable contributions reported on IRS form 8283 may be listed these broad categories, such as:
home gym items,
electronic items,
television, and
clothing.
This would make it easier to separately report the costs, dates and valuations and methods of valuation for each category.