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there are different MAGI's depending on what the situation is 
If you live in New York state, you are required to E-file, and TurboTax IS NOT ALLOWED to charge any e-filing fee. It sounds like TurboTax does charge to e-file in other states. You can always just p... See more...
If you live in New York state, you are required to E-file, and TurboTax IS NOT ALLOWED to charge any e-filing fee. It sounds like TurboTax does charge to e-file in other states. You can always just print out the form and mail it in instead...
have you made any attempts to contact the issuer? you should try. generally, the extended due date for partnerships was 9/15/2025 you do have the option of filling but omitting the k-1 but then you... See more...
have you made any attempts to contact the issuer? you should try. generally, the extended due date for partnerships was 9/15/2025 you do have the option of filling but omitting the k-1 but then you may want to include form 8275 (not in turbotax which would require you to paper file), this is to provide protection from some penalties if the k-1 is issued and that raises your income tax liability. you probably don't need the 8275 if the k-1 info reduces your liability.    waiting until you get it is a bad idea. you may never get it. sooner or later the IRS is going to send you a notice that it never got that year's return.        
passive and at-risk losses are different.   if you are at-risk there are no at-risk carryovers. this could reult in you deducting more than your actual losses if and when you dispose of the prope... See more...
passive and at-risk losses are different.   if you are at-risk there are no at-risk carryovers. this could reult in you deducting more than your actual losses if and when you dispose of the property i a taxable transaction. 
@pinguino  you are not the first to complain about Live help giving bad answers. 
@yonghai thousands of people invest in these partnerships so they all have this 1256 reporting. I've had such reporting for multiple years and have never had a peep from the IRS. Noone can guarantee ... See more...
@yonghai thousands of people invest in these partnerships so they all have this 1256 reporting. I've had such reporting for multiple years and have never had a peep from the IRS. Noone can guarantee you won't be audited but the reason is unlikely to be this.   I would say there's a higher probability of you flipping a coin into the air and having land on its edge. 
  You cannot just file again with the 1099R.       You will need to amend the return you filed originally to add that 1099R.     Wait until your original return has been fully processed before ... See more...
  You cannot just file again with the 1099R.       You will need to amend the return you filed originally to add that 1099R.     Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)       See this TurboTax support FAQ for amending a tax return -   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   Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/Filing/Individuals/Amended-Returns-(Form-1040-X)/Wheres-My-Amended-Return-1     When you amend: To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.    
You might be in the wrong account.   Check for other accounts.   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttl... See more...
You might be in the wrong account.   Check for other accounts.   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         Is your e-file being rejected for AGI?    If it was rejected for AGI—-your 2023 AGI might not be in the IRS system if you filed late.   Try using zero instead.   If filing with zero is rejected then file again but select the option that you did not file last year.  The IRS does not see that question and it will allow you to e-file with no AGI question.     https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311   If that does not work and you still cannot e-file, then print, sign, and mail your tax return.           DID YOU E-FILE?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”     When you e-file your return you will get two emails from TurboTax.  The first one will say your return has been transmitted; the second one will tell you the IRS has accepted  or rejected your federal e-file.  If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.   Check your e-file status:   https://turbotax.intuit.com/tax-tools/efile-status-lookup/    What does it say in your account?  Does it show that the return was accepted?   Or does it say something else---like "rejected," "printed," or "ready to mail?”   If you discover or realize that your e-file was rejected, you will need to print it, sign and date it in ink, and file it by mail now, since e-filing is closed for returns for tax year 2023.        
which I did not receive from the payer. Previously we have reported income on Schedule B form 1040, Interest and Ordinary Dividends
The child is already entered once in the system & it will reject if it is tried to be used again. Years ago, there have been glitches that would allow errors to go through, but not as smart technolog... See more...
The child is already entered once in the system & it will reject if it is tried to be used again. Years ago, there have been glitches that would allow errors to go through, but not as smart technology has so much improved. You may have filed 1st before when you didn't have any issues. Read the info under the IRS interactive questions on-inline and it will give a correct answer. It's so close to getting cut off from filing electronically that some are jamming the system.  Hope this helps. If nothing else, file by paper. However, a word of caution, you may be subject to have the return examined.  And if there is a glitch, there's nothing that can fix it at this time (at least not this late in the season, yet you may be correct unless things have changed from one year to another. Good going.  
Having Form 6781 is no big deal especially for $86. Having an amount of $86 is unlikely  to trigger an audit on any form.   Changing code from what is reported on your tax documents is probably mo... See more...
Having Form 6781 is no big deal especially for $86. Having an amount of $86 is unlikely  to trigger an audit on any form.   Changing code from what is reported on your tax documents is probably more of an audit risk. @yonghai 
I am not a tax expert, but I have been filing my own returns for some years.  I think that the K-1 is the authority.  The info the brokers have on their 1099's may or may not be correct.  I have a so... See more...
I am not a tax expert, but I have been filing my own returns for some years.  I think that the K-1 is the authority.  The info the brokers have on their 1099's may or may not be correct.  I have a somewhat similar situation when brokers show 1099-MISC for royalties that have K-1's.  The way I deal with this is to try to avoid doing something that might trigger a IRS computer red flagging something on my return.  So, I report the brokers 1099-MISC figure in the section where I enter the broker's data.  Because I think that the computer wants to see that figure there.  Then, in the section where I enter the K-1, that is where I will correct for the broker's figure if necessary, and I will use the note box for that field to explicitly explain exactly what I am doing and why (as briefly as possible).  So this way I do not change any of the broker's figures in the TT section where I enter the broker's data.  But in the TT K-1 section I adjust the K-1 figures to correct the broker's figures if necessary.  Sorry for your loss.  The IRS has never given me a problem over this method so far!  Good luck!
If you cannot be bothered to read and properly comprehend my post, please do not reply or I will report your response. This forum is meant to help people.   I stated clearly in my post that these a... See more...
If you cannot be bothered to read and properly comprehend my post, please do not reply or I will report your response. This forum is meant to help people.   I stated clearly in my post that these amounts are taxable federally but are not taxable at the state level and can be excluded. I am not asking if it can be excluded or not because I am well aware that it can already. I am asking how to exclude without the TDI amounts stated separately from the regular wages on the W-2. 
I can confirm the solution is to set your default browser to Edge Browser.   This problem continued to happen long after April, I file for an extension and file late. This problem happened using Ch... See more...
I can confirm the solution is to set your default browser to Edge Browser.   This problem continued to happen long after April, I file for an extension and file late. This problem happened using Chrome/Win 10 and after attempting several times, restarting TT and allowing it to update, etc. the final change was to switch my computer's default web browser to Edge. 
"This Amount Includes Taxable TDI."   if it is taxable, you can't exclude it.   @Inna3 
In documenting carryover losses within Turbotax, it seems I run into double-counting issues. Can you help?   I have a rental property which generates Passive Activity Losses (PALs). My losses are d... See more...
In documenting carryover losses within Turbotax, it seems I run into double-counting issues. Can you help?   I have a rental property which generates Passive Activity Losses (PALs). My losses are disallowed due to AGI restrictions; the investments are "at-risk" to my understanding. Under Carryovers, I originally ticked both boxes (cf. below) that I have a PAL and at-risk losses.   It seems like Turbotax is double-counting my past losses: It automatically creates a Section 465d carryover expense (which increases the current tax year's loss) and also counts the previous years' loss within form 8582 in addition to the current year's losses.  In other posts, it now appears that I should not elect at-risk loss carryovers if my losses do not offset my taxable basis.   How do I best deal with this situation to correct the Form 8582? I have unchecked the box for at-risk carryover losses, but it continues to double count on the Form 8582.   Thank you very much!