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The section 469 tax code passive activity rules don't apply to this situation, so things like material participation and less than 7 days average stay don't apply at all in this situation because ins... See more...
The section 469 tax code passive activity rules don't apply to this situation, so things like material participation and less than 7 days average stay don't apply at all in this situation because instead 280A of the tax code determines how the tax loss is treated.    The 280A tax code limits the deductions you can take on the property if your personal use of the property is more than 14 days in a year, and your personal use is also more than 10% of the number of days it was rented that year.   This is what is called a "mixed-use" property, which in this case refers to a property that is a mix of personal and rental use where the personal use exceeds those limits above.  This is when the section 469 passive activity loss limits no longer apply, and the 280A tax code limits apply instead.   If your personal use is over that 14 days and also that 10% line, then certain types of expenses are limited only to your amount of rental income.  And TurboTax will, in that case, correctly reduce expenses like depreciation, property taxes, and mortgage interest if your expenses exceed the amount of rental income.      But there are other types of expenses that are considered to be "direct" expenses that don't get reduced based on the amount of personal use.   These would be expenses that have to do with the business of owning the rental and not expenses for the property itself, such as advertising, legal fees, and property management fees.  If you have a significant amount of those types of fees, those actually can still exceed your rental income and you can still end up with a rental loss to report.    What's really interesting is in this situation where you have a "mixed-use" property with a significant amount of personal use, the passive activity losses of section 469 of the tax code no longer apply and section 280A of the tax code applies instead.  And so you can actually have situations where your personal use of the property allows expenses to offset your other income that normally would be limited by the passive activity rules.  It sounds like that may be happening in your situation.
You can't resolve the excess prior to the tax return due date without the custodian's help. your action generates a 1099-R and will be a problem  if you do it yourself.   Did you submit the "remove... See more...
You can't resolve the excess prior to the tax return due date without the custodian's help. your action generates a 1099-R and will be a problem  if you do it yourself.   Did you submit the "remove excess plus earnings" request to custodian?   @paulahufford1 
When using the IRS Where's My Amended Return tool, it only asks for your SSN, Date of Birth and Zip Code.
@fanfare i earned interest and dividends from my bank CDs and personal brokerage account, and the bulk of income was  made from a Roth Conversion in order to meet my Affordable Care Act coverage. 
Have you completed the Hawaii state interview? There are many questions that allow you to zero out income from sources outside Hawaii.   Also, be sure you have checked the box under Enter Your Ha... See more...
Have you completed the Hawaii state interview? There are many questions that allow you to zero out income from sources outside Hawaii.   Also, be sure you have checked the box under Enter Your Hawaii Business ID# to indicate that your non-resident businesses did not operate in Hawaii. Then enter zero for Hawaii Gross Receipts.   If you answer these questions correctly, you should see a loss on Line 16 of your Hawaii N-15.
No you need to wait.  If  it is Rejected you can fix it and resend it.  If it gets Accepted you should not amend or change your return until you get the refund from the original return or your paymen... See more...
No you need to wait.  If  it is Rejected you can fix it and resend it.  If it gets Accepted you should not amend or change your return until you get the refund from the original return or your payment has cleared.   How to Amend the current year https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
Once a tax return has been filed it cannot be changed, canceled or retrieved You will have to wait for the IRS to either Accept or Reject your filed federal tax return. If the return is reject... See more...
Once a tax return has been filed it cannot be changed, canceled or retrieved You will have to wait for the IRS to either Accept or Reject your filed federal tax return. If the return is rejected you can make the necessary changes and e-file again. If the return is accepted you will have to amend your original tax return. An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 12 weeks or longer to process an amended tax return. Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
Actually, the answer is zero cannot be entered. All expenses from last year that I don't have this year had to be deleted as opposed to entering zero amount. A Turbo Tax expert fixed it for me.
TurboTax for 2025 calculates the SALT deduction correctly. What exactly is "it" that says "Standard Deduction or $10,000 Max"? Is "it" a screen in TurboTax, a help window, an FAQ, a tax form in a... See more...
TurboTax for 2025 calculates the SALT deduction correctly. What exactly is "it" that says "Standard Deduction or $10,000 Max"? Is "it" a screen in TurboTax, a help window, an FAQ, a tax form in a PDF? Where exactly is "it" in TurboTax? What is the title or heading on the screen? If it's a form, what form and what line on the form? Can you post a screen shot or a link?   Is the wording exactly what you posted: "Standard Deduction or $10,000 Max"? It's not clear why the standard deduction would be mentioned in relation to the SALT limit. They are not related. There may be some text somewhere in TurboTax that was not updated to reflect the change in the SALT limit, but the calculations are correct.  
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
What is the exact text of the review message you receive on Form 4797? How much recapture are you reporting?
Sounds like you are using the Online PREMIUM version (Premier is a Desktop download program) .  In the Online versions the fees are to prepare the returns, whether you efile or print and mail.  Filin... See more...
Sounds like you are using the Online PREMIUM version (Premier is a Desktop download program) .  In the Online versions the fees are to prepare the returns, whether you efile or print and mail.  Filing is free.  What kind of income do you have?  You need Premium to enter investments, rentals, self employment.  You could have asked before paying or filing how to go back to the Free Edition or Deluxe.     How to review your fees https://ttlc.intuit.com/community/charges-and-fees/help/how-do-i-review-my-fees-in-turbotax-online/00/26353
On the Passive Loss Carryover table presented under the K-1 adjustments topic in the California State interview, you are provided with boxes for Regular Tax and AMT carryovers for most K-1 boxes.   ... See more...
On the Passive Loss Carryover table presented under the K-1 adjustments topic in the California State interview, you are provided with boxes for Regular Tax and AMT carryovers for most K-1 boxes.    If you aren't sure which box to use, check your prior year K-1 Partner worksheet in your California forms. Look for Adjustment to Profit or Loss - Passive Activities on page 3. Losses carried over to the next year are shown by box number in column (d) of this table. Basically, you're reproducing these entries in the step-by-step interview. Also note that Form 3801 is populated from this table.   @Lorob11 
Do you have the screen size maxed out?    There should be a SKIP IMPORT button at the bottom of the import screen.         
I'm writing to inquire about Intuit's plans to develop a TurboTax Home & Business (THB) desktop application for Mac computers that runs natively on Apple Silicon. After the upcoming macOS release thi... See more...
I'm writing to inquire about Intuit's plans to develop a TurboTax Home & Business (THB) desktop application for Mac computers that runs natively on Apple Silicon. After the upcoming macOS release this Fall, Apple's Rosetta 2 interface will cease to function, causing warnings when I open a TurboTax application on my Mac.   Apple Silicon Macs have been available for over five years. If Intuit doesn't update THB to run natively, they should inform customers promptly. For those like me who have used this application for years, we need time to transfer data and explore alternatives.   Intuit likely believes their web interface will suffice, but customers like me who have used the desktop product since 2009 find it unsuitable. Web interfaces have speed and update compromises that native applications don't, and they often lack features native applications provide.   We urgently need a definitive response from Intuit regarding their support for Apple Silicon applications. Will they begin to support them natively, or will they abandon customers like me starting next year? Intuit has evaded this question since 2020 due to Rosetta 2, but now it's time for a clear answer.
Since your fees were already deducted from your Federal, they will not be deducted from your State refund and once released, it will go to you.
I just recieved an email thst the fees were deducted from my federal return. I've also checked my state return and it is still showing a different routing & checking account nuberthat doesn't belong ... See more...
I just recieved an email thst the fees were deducted from my federal return. I've also checked my state return and it is still showing a different routing & checking account nuberthat doesn't belong to me. Will this be corrected or do I need to contact the illinois department of revenue?! Thank you,   Sarah
The TurboTax Premier edition is desktop software that is installed on a personal computer.  Using the TurboTax desktop editions there is a $25 charge to e-file a state tax return.  This charge can be... See more...
The TurboTax Premier edition is desktop software that is installed on a personal computer.  Using the TurboTax desktop editions there is a $25 charge to e-file a state tax return.  This charge can be avoided by printing and mailing the state tax return. The TurboTax desktop editions come with 5 free federal tax return e-files.  You had to use one of the federal tax return e-files since the state return could not be e-filed without the federal return being e-filed.   Why do you think you need a refund since you used the TurboTax desktop editions to complete and file both your federal and state tax returns?