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7 hours ago
Depends the details of your situation. To avoid underpayment penalty you need to pay during the year, either thru withholding or timely estimated taxes (ES), the safe harbor amount which is the smal...
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Depends the details of your situation. To avoid underpayment penalty you need to pay during the year, either thru withholding or timely estimated taxes (ES), the safe harbor amount which is the smaller of - 100% of your prior year tax (110% if AGI > 150k or 75k if filing MFS), or 90% of your current year tax (see Form 2210 Lines 1-9 for the calculation). When you did your 2024 return TT will generate ES vouchers (if needed) by default based on paying 100/110% of prior year tax and assuming your 2025 withholding is the same as 2024. You can provide other estimates for the coming year under Other Tax Situations / Form W4 and Estimated Taxes. Similar process for 2026 estimates while you prepare 2025. If you didn't pay any ES, and got a penalty for 2025 then presumably your withholding didn't meet the safe harbor for whatever reason(s).
7 hours ago
Can you clarify which line the $502 is on the federal Schedule 1? @jayantsudha
7 hours ago
Did you and your daughter use the same account and user ID?
When you use online TurboTax software you get one return per fee.
Each return needs its own email, account and user ID. If yo...
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Did you and your daughter use the same account and user ID?
When you use online TurboTax software you get one return per fee.
Each return needs its own email, account and user ID. If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596
https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/
If you and your daughter used different accounts and user ID's you need to find your own account.
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
7 hours ago
Hi My wife and I are filing our taxes as Married Filing Jointly this year. We both received 1099-DA forms from Coinbase, but when I uploaded them to the web version of TurboTax, the system never ...
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Hi My wife and I are filing our taxes as Married Filing Jointly this year. We both received 1099-DA forms from Coinbase, but when I uploaded them to the web version of TurboTax, the system never prompted me to specify the owner for each form. As a result, both 1099-DAs are now showing up under my SSN from form 8949, is this an issue? If so, Does anyone know how to fix this so the forms are correctly attributed?
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7 hours ago
1 Cheer
You misunderstood "five days early"----the offer did not say you would get your refund within five days.
"5 days early" means you are supposed to receive your federal refund from one to fiv...
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You misunderstood "five days early"----the offer did not say you would get your refund within five days.
"5 days early" means you are supposed to receive your federal refund from one to five days sooner than the refund date shown on the IRS refund site. If it does not meet that "at least one day sooner" date, they are supposed to refund the $35 fee.
You have to pay attention to the date on the IRS refund site.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
7 hours ago
This is an additional deduction, not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return....
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This is an additional deduction, not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.
Note, this deduction has income limitations. It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).
This deduction is located on Schedule 1-A Additional Deductions, Part V. The total additional deductions will be summed and appear on your 1040, line 13b.
You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and scroll to Schedule 1-A Part V.
7 hours ago
Yes.
HOW CAN I E-FILE STATE AFTER ALREADY E-FILING FEDERAL
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/e-file-state-already-filed-federal/L1utGncEc_US_en_US?uid=m7xgrj...
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Yes.
HOW CAN I E-FILE STATE AFTER ALREADY E-FILING FEDERAL
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/e-file-state-already-filed-federal/L1utGncEc_US_en_US?uid=m7xgrjec
7 hours ago
When itemizing expenses for a rental property, HOA fees typically do not fall under cleaning. Instead, "miscellaneous" is a good choice. You can add the description of "HOA fees" when entering the ...
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When itemizing expenses for a rental property, HOA fees typically do not fall under cleaning. Instead, "miscellaneous" is a good choice. You can add the description of "HOA fees" when entering the expense into TurboTax.
Here is an article you may find helpful: Rental Property Deductions You Can Take at Tax Time
7 hours ago
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7 hours ago
Can form 4562 be override and typed in numbers?
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7 hours ago
I am using TurboTax Deluxe + State desktop version. I'm trying to file a second Federal return. I've entered the information 2x and each time the file will not open and both files return a message th...
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I am using TurboTax Deluxe + State desktop version. I'm trying to file a second Federal return. I've entered the information 2x and each time the file will not open and both files return a message that states "Looks like your tax file is corrupt, we're having trouble opening your return." The first error happened after updating TurboTax so I created the second file. My initial federal and state return file opens fine and I can continue to work on it, but the other will not open. I've tried opening from a back-up as well, but that doesn't work either. Any help is appreciated. @corrupt, @corrupted
7 hours ago
The section is so confusing. It says answer yes to add another asset. That implies answering no would not allow you to add another asset
7 hours ago
How do I delete form14039 to efile
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7 hours ago
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7 hours ago
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7 hours ago
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7 hours ago
TurboTax Desktop Satisfaction Guarantee/ 60-Day Money Back Guarantee: If you're not completely satisfied with TurboTax Desktop software, go to refundrequest.intuit.com within 60 days of purchase and ...
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TurboTax Desktop Satisfaction Guarantee/ 60-Day Money Back Guarantee: If you're not completely satisfied with TurboTax Desktop software, go to refundrequest.intuit.com within 60 days of purchase and follow the process listed to submit a refund request. You must return this product using your license code or order number and dated receipt. Desktop add-on products and services purchased are non-refundable.
7 hours ago
Hi everyone, i have a question around the sale of stock from a private company and if i entered the transaction correctly into TT. First, i work for a private company that i was able to purchase sto...
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Hi everyone, i have a question around the sale of stock from a private company and if i entered the transaction correctly into TT. First, i work for a private company that i was able to purchase stock in. We recently had an event and my shares were sold. I received some dollars out of it and the rest of the proceeds were rolled into new shares of the company. Here is my question. I received a pro forma 1099-B from the company that included all the pertinent details. We were told that a 1009-B would not be sent to the IRS. To record the transaction i created a 1009-B in TT. When doing so it asks some questions in which i don't have any info on, or know the answer to. For example, Sales section, i chose long term capital gains not reported. i'm not sure if that is correct or not, because it could also be long term basis did not receive form 1099-B. Then it asks what kind of investment it is. I don't know which of the choices to choose (RS, RSU, ISO, ESPP, NQSO, etc.). On the 1099-B it does show a line that says Form 8949, Part 2 Box = F. so, since I wasn't sure what to choose, I went over to the form 8949 to see what gets checked when I make different selections. Since I know Part 2 box F is supposed to be checked, I played around with the selections until I found the combination that checks that box. everything on the 8949 looks fine, it looks like everything is captured on the capital asset sale worksheet and looks like it all shows up on the sched D part 2 with the correct Proceeds, cost basis and capital gains. Did I do this correctly? does picking one thing over another make a difference since I don't see any reference to the type of stock it is in the actual tax forms, just that I'm paying taxes on the long-term gain, or am i missing something? Thank You
7 hours ago
To update your TurboTax desktop software, select Check for Updates under the Online menu (Windows) or the TurboTax 2025 menu (Mac) at the very top menu bar of your screen. If automatic updates fail, ...
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To update your TurboTax desktop software, select Check for Updates under the Online menu (Windows) or the TurboTax 2025 menu (Mac) at the very top menu bar of your screen. If automatic updates fail, see this help article to manually update Windows, or this help article for Mac.
TurboTax will typically ask to run updates when you restart the program after closing it. If you haven't restarted the program for a while, it may take several minutes to run the updates.
@vrzbest
7 hours ago
Follow the steps below:
Log in to your return
Go to the Schedule C under Wages & Income
In the question Did you have any self-employment income or expenses? answer Yes
Go through t...
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Follow the steps below:
Log in to your return
Go to the Schedule C under Wages & Income
In the question Did you have any self-employment income or expenses? answer Yes
Go through that section and make sure you select the categories for your expenses and enter your expense amounts
Once you are done going back through your expenses, your summary should show the total income and expenses for your self employed work.
Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?
What Is a Schedule C IRS form?