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31m ago
OKAY
42m ago
Thank you. I guess I misunderstood the rules. And I'm happy that the correct answer actually works in my favor.
50m ago
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2 hours ago
This is still a problem with TurboTax Online 2025. After filing you have no access to the 2025 TAXES and Tax tools menus! This workaround of pretending to file an additional state still works. Docu...
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This is still a problem with TurboTax Online 2025. After filing you have no access to the 2025 TAXES and Tax tools menus! This workaround of pretending to file an additional state still works. Document this, Intuit!
2 hours ago
My husband and I (while single at the time) adopted our son which was finalized in July of 2012. He was born Dec of 2011 and we took him home from the hospital. Transfer of custody was completed the ...
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My husband and I (while single at the time) adopted our son which was finalized in July of 2012. He was born Dec of 2011 and we took him home from the hospital. Transfer of custody was completed the following week. Full Adoption was final in 2012, court docs on file. We filed our taxes for 2012 and applied for the Adoption Tax Credit, which we received. We had the SSN, and the birth certificate has both our names on it (one of the first in MO to be two males I believe) At that time no court documents were needed when we filed taxes. When I filed this year they had a spot for their IP pin. When I called and answered all the questions to verify myself and my child I’ve had for 14 years, I was told that neither of us are listed as custodial parents and the IRS could not provide me with any information. We have claimed him on our taxes every year. When we answered the qualifying dependent questions we were told yes he’s our child, not to mark adopted. So why are we not the custodial and what do we do to become them and not the ones who are currently listed bc they never actually saw or provided any care? (They did have 2 days where they had to give us permission to visit in the nursery and disclose medical information, but my insurance kicked in at birth). I was told to fill out form 54 but that’s Fiduciary Not Custodial. We have a signed document stating they gave up their custodial rights, and we were granted custody. But that was by the state. I don’t believe form 8332 was a thing in 2012.
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2 hours ago
I disagree. Massachusetts allows Backdoor Roth like most (all?) states. Your money has already been taxed. Even what you shared explains it: "...if the distribution exceeds the amount of IRA cont...
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I disagree. Massachusetts allows Backdoor Roth like most (all?) states. Your money has already been taxed. Even what you shared explains it: "...if the distribution exceeds the amount of IRA contributions that were previously subject to tax.". This money was taxed before putting it in the traditional IRA (definition of a backdoor Roth) so it should not be taxed again. Not the ultimate source of course, but as an additional datapoint Google overview just confirmed our woes: Avoiding Double Taxation: To ensure the conversion isn't taxed again by the state, you must manually indicate on your state return that the money was previously taxed by Massachusetts. On Schedule X (Other Income), you typically use a worksheet for "Taxable IRA/Keogh Plan and Roth IRA Conversion Distributions". You must enter the amount of your original contribution in the field for "Total contributions previously taxed by Massachusetts" to offset the distribution.
2 hours ago
I took a look at the MA Instructions; "Traditional IRA Distributions are taxable for both Massachusetts and federal tax purposes if the distribution exceeds the amount of IRA contributions that were...
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I took a look at the MA Instructions; "Traditional IRA Distributions are taxable for both Massachusetts and federal tax purposes if the distribution exceeds the amount of IRA contributions that were previously subject to tax." Here's how I read it. MA has its own rules for IRA distributions differing from IRS. This means the standard trick -- "Backdoor" Roth IRA contribution -- in MA may not be tax free. If you have an empty Traditional IRA and attempt a backdoor Roth IRA contribution via conversion, it will be taxable in MA. Reason: your Traditional IRA basis (which came into existence only momentarily and vanished ) had not been previously taxed by MA. Therefore, TurboTax is doing it correctly. @riccardodalla @user17710097333 @bryonthego
3 hours ago
Hi, My return got rejected and I am trying to refile it. I made the correction, however, when I go to my federal review, there is still a fix that is needed regarding the 1095-A form. The fix is req...
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Hi, My return got rejected and I am trying to refile it. I made the correction, however, when I go to my federal review, there is still a fix that is needed regarding the 1095-A form. The fix is requesting I input "Recipient SSN". However, I went to my deductions under medical and selected "no" when asked "Do you need to report any 1095-A's?". I went to "Tax tools" and tried to delete the existing 1095-A form. There was no 1095-A form for me to delete so I tried to go through the federal review again and the "Needs Review" continued to pop up regarding a 1095-A. Not sure what to do at this point since I need to refile my return but I don't need this 1095-A form.
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3 hours ago
Exact same thing happened to me. I was ready to file, only to find that my order was set to Expert Assist, even though I never asked for, needed, or used on-demand expert help. The only option to pot...
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Exact same thing happened to me. I was ready to file, only to find that my order was set to Expert Assist, even though I never asked for, needed, or used on-demand expert help. The only option to potentially change this was to clear everything and start over. I decided if I needed to start over I may as well use a different service. I was able to upload last year's PDF into H&R Block online, re-enter my information for this year in about an hour, and get the EXACT SAME result but pay $150 to H&R Block (federal $65 plus 2 state returns each $49, minus a $13 online coupon) instead of $267 to TurboTax (federal $129 plus 2 state returns each $69).
3 hours ago
Hello, Thank you for the step-by-step instructions. However, the rental property asset and depreciation information always transferred from year over year, automatically by TurboTax. The only man...
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Hello, Thank you for the step-by-step instructions. However, the rental property asset and depreciation information always transferred from year over year, automatically by TurboTax. The only manual entry was if there was a new asset that needed such as renovation, etc. So, I believe the person who wrote the original post, as well as I, am really seeking for this information transfer by TurboTax, like it used to for so many years. Could you please help restore this functionality or escalate to whom might be able to? Thank you, Michael
3 hours ago
Hi Patricia, Thank you for your response. I confirm that I have tried clearing my return and starting over. I cleared and restarted on TurboTax AND cleared browser history and tried on multiple b...
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Hi Patricia, Thank you for your response. I confirm that I have tried clearing my return and starting over. I cleared and restarted on TurboTax AND cleared browser history and tried on multiple browsers: Google Chrome and Microsoft Edge. For many previous years, the rental property asset information simply transferred over from year over year. I have never had to manually enter rental property asset information, unless I was adding an renovation, etc. For current year, none of the previous years' rental property asset information is transferring over. I have confidence in TurboTax and trust that you or somebody on your team can fix this. Thank you, Michael
3 hours ago
Hello, I am a Canadian citizen, currently a non-resident and have distributions [being reinvested] within my RRSP account. The bank does not issue a slip for this distribution amount. It is simply a ...
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Hello, I am a Canadian citizen, currently a non-resident and have distributions [being reinvested] within my RRSP account. The bank does not issue a slip for this distribution amount. It is simply a statement. Please note: I do not have any employment income in Canada, hence, do I or do I not need to report the distribution amount and do I need to file taxes? If yes, in which form of Turbo Tax Canada do I report? Secondly, can I claim donations made to a registered charitable organizations in Canada and in USA? Can I claim other eligible expenses like fees paid to a professional organization? Thanks!
3 hours ago
Are all taxes based on the value of a property deductible on federal tax return?
4 hours ago
@Lemgirl58 because that executive order is "squisky". If you requested a paper check for your refund, you will receive a letter from the IRS explaining how to provide your banking information so ...
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@Lemgirl58 because that executive order is "squisky". If you requested a paper check for your refund, you will receive a letter from the IRS explaining how to provide your banking information so they can electronically send you the refund. if you ignore the letter, they will send the paper check around 4-6 weeks later. The IRS is caught between the executive order and the fact that the IRS is required to pay interest on any refund held for more than 45 days (the clock begins on tax returns the later of the date the tax return is accepted or April 15)
4 hours ago
1 Cheer
@zenitram2
Please note that you have no choice about how or when your capital loss carryover is used. The carryover loss must first be used to offset any gains. There are no options. You cannot de...
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@zenitram2
Please note that you have no choice about how or when your capital loss carryover is used. The carryover loss must first be used to offset any gains. There are no options. You cannot defer using the loss, or use only part of it. There is only one way to do the calculation. TurboTax does the calculation as required by the tax law.
4 hours ago
for pre-2019 divorces, if modified after that date, they can expressly provide for non-deductibility/non-taxability.
4 hours ago
Can you elaborate? Your post is not clear. Have you filed the federal return and now want to file state? Click on Add a State to let you back in to your return.
4 hours ago
1 Cheer
Another way to put it.....the $3,000 is the max loss you can take AFTER applying the carryover to the current gains. Didn't you want to use all the carryover up? Each year you get to first off...
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Another way to put it.....the $3,000 is the max loss you can take AFTER applying the carryover to the current gains. Didn't you want to use all the carryover up? Each year you get to first offset the carryover loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year. And you can't skip a year.
4 hours ago
1 Cheer
you are incorrect. if current year's net capital gains exceed the prior year's capital loss carryover, the entire carryover is applied to the current year's gains not just $3,000. $3,000 of net capit...
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you are incorrect. if current year's net capital gains exceed the prior year's capital loss carryover, the entire carryover is applied to the current year's gains not just $3,000. $3,000 of net capital losses is just the limit of what you can deduct against other income.
4 hours ago
This is my situation. Charges are obfuscated, all under the guise of help. And the world keeps turning