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tonyajeremy_liles

ahnewyork123

WANT TO ADD INT 1099 AND IT DOES NOT HAVE A NEXT BUTTON TO CONTINUE ON

MonikaK1

You can enter the purchase of the vehicle in Business Expenses, Business Vehicle Expenses. If you go directly to the Assets section, the program will present a list of assets that doesn't include veh...

You can enter the purchase of the vehicle in Business Expenses, Business Vehicle Expenses. If you go directly to the Assets section, the program will present a list of assets that doesn't include vehicles. Depending on the information you enter, the program may suggest that you use mileage instead of actual expenses and depreciation. Choose the option when presented that you want to see the results of using actual. More questions will appear where you can choose to take the bonus deduction. See this TurboTax tips article for more information. @mark

robagrd

how do i add 2024 income to 2025 taxes

vi1975

My employer considered 'single filer' for calculating 'Medicare tax withhold' box 6 in W2. This means that it has considered both 1.45% for entire box5 amount and then 0.9% for anything above $200K. ...

My employer considered 'single filer' for calculating 'Medicare tax withhold' box 6 in W2. This means that it has considered both 1.45% for entire box5 amount and then 0.9% for anything above $200K. But when I use TurboTax Premier to file 'married filing jointly' option, it is expected to consider $250K for applying 0.9% of the total for all W2 box5. I see that, TurboTax is not reviewing the amounts and then apply the correct calculation to arrive at Medicare tax. In my situation, I have already overpaid the Medicare Tax. However, TurboTax is making me to double pay the Medicare Tax. How do I correct this? Has TurboTax completely miscalculating this for all filers?

DavidD66

To calculate the Arizona portion of your enhanced senior deduction, take the number of days you lived in Arizona, divide that # by 365. Take that amount and multiply it by the amount of your deducti...

To calculate the Arizona portion of your enhanced senior deduction, take the number of days you lived in Arizona, divide that # by 365. Take that amount and multiply it by the amount of your deduction. So lets say your deduction was the full $6,000 and you lived in Arizona for 169 days: 169/365 = 0.463 x $6,000 = $2,778.

univ0298

For a working interest Oil and Gas partnership (Schedule K1 Form 1065) I need to add depreciation for the Tangible Drilling Cost (TDC) that are eligible for bonus / special 1st year depreciation in 2...

For a working interest Oil and Gas partnership (Schedule K1 Form 1065) I need to add depreciation for the Tangible Drilling Cost (TDC) that are eligible for bonus / special 1st year depreciation in 2025 (One Big Beautiful Bill Act). I'm using TurboTax Premier Desktop After I add my K1, the first issue is that I found no way to get the questionnaire to add a Form 4562 for depreciation. However in the forms view I could add this manually. The second blocking issue I have is that when I try to edit that Form 4562, some of the boxes won't allow me to enter anything. I can put the special depreciation in box 14 (Part II) but it's not flowing through to part IV so I have no total ultimately. Ultimately the form 4562 just isn't working properly with Schedule K-1

dmertz

For a W-2 that includes no distributions and box 11 represents only vesting of prior-year deferrals (for which you answer No when asked if the amount in box 11 represents distributions), TurboTax sho...

For a W-2 that includes no distributions and box 11 represents only vesting of prior-year deferrals (for which you answer No when asked if the amount in box 11 represents distributions), TurboTax should not be complaining about box 11 being less than the amount in box 1 (although it probably should complain if the amounts in box 5 is less than the sum of boxes 1 and 11 because both the amount in box 1 and the amount in box 11 are subject to Medicare tax). If TurboTax is complaining inappropriately, omitting the amount from box 11 will not affect any of teh calculations on your tax return. Although the details of your W-2 entries will accompany your e-filing, I doubt that the omission would raise any red flags with the IRS.

Steve-N

DavidD66

I recommend you calculate it both ways and choose the one that is most beneficial to you.

DavidD66

You should select "Stock (non-employee)". A CUSIP # is just another way of identifying an investment. CUSIP stands for Committee on Uniform Securities Identification Procedures. It is a 9-digit al...

You should select "Stock (non-employee)". A CUSIP # is just another way of identifying an investment. CUSIP stands for Committee on Uniform Securities Identification Procedures. It is a 9-digit alphanumeric identifier for North American stocks, bonds, and other financial instruments.

MonikaK1

We have had reports of some Desktop users seeing unexpected results for the landing page/ summary screen of an income category, even though the data is correctly entered in the program. Try goi...

We have had reports of some Desktop users seeing unexpected results for the landing page/ summary screen of an income category, even though the data is correctly entered in the program. Try going to Forms Mode, by clicking on Forms at the top menu, to confirm whether the items you entered are on the forms and any related calculations were completed. If you have a Schedule C, you may want to enter any Forms 1099-NEC in the Business section of Home & Business rather than in the Other Common Income section of Personal Income. See this tax tips article for more information about reporting self- employed business income and deductions.

DavidD66

You do not deduct the credit, you would subtract the amount of the credit from the amount of premiums you paid during the year for health insurance.

DavidD66

There is not a way to allocate a capital loss carryover between spouses in TurboTax Online. In TurboTax Desktop, in Forms view, you can indicate the carryovers as either spouse or joint. But even t...

There is not a way to allocate a capital loss carryover between spouses in TurboTax Online. In TurboTax Desktop, in Forms view, you can indicate the carryovers as either spouse or joint. But even that is all one of the two spouses or Joint - you can't split the losses. You can keep track of the who the losses belong to and should you decide to file separately in the future use that information to allocate any loss carryover to correct spouse. If you use TurboTax Online you will just have to enter as a single entry with no identification as to which of you it belongs to.

dmertz

You have already reported on your 2024 tax return the gains shown in box 2a of of this form, so this form can be ignored. If you do enter it into 2025 TurboTax, 2025 TurboTax will ignore it other th...

You have already reported on your 2024 tax return the gains shown in box 2a of of this form, so this form can be ignored. If you do enter it into 2025 TurboTax, 2025 TurboTax will ignore it other than to remind you that it was reportable on your 2024 tax return.

JamesG1

Wisconsin Tax Information for Military Personnel and Veterans may be found here. Page 12 states: All retirement payments received from the U.S. military retirement system, including payments f...

Wisconsin Tax Information for Military Personnel and Veterans may be found here. Page 12 states: All retirement payments received from the U.S. military retirement system, including payments from the Survivor Benefit Plan, are exempt from Wisconsin income tax. These retirement payments are paid from the Defense Finance and Accounting Service. In TurboTax, in the Wisconsin state income tax return, at the screen Retirement Benefits Adjustments, the Military and Uniformed Services Retirement Benefits may be claimed.

BMM7

I have completed all the of information to indicate that I am a NYC resident for all of 2025 on the information worksheet. The entries are not carrying over to IT-201 in Section E(1). If I complete...

I have completed all the of information to indicate that I am a NYC resident for all of 2025 on the information worksheet. The entries are not carrying over to IT-201 in Section E(1). If I complete Section E(1) with an override I can't e-file my tax return. How do I get box Section E(1) to mark yes without an override?

MaxA1

No. Your max retirement contribution to an employer-sponsored retirement plan is $34,750 ($23,500+$11,250 catch-up for 60–63 year-olds). Here's some helpful links that give more insight on ret...

No. Your max retirement contribution to an employer-sponsored retirement plan is $34,750 ($23,500+$11,250 catch-up for 60–63 year-olds). Here's some helpful links that give more insight on retirement plans and their respective contributions limits: The Tax Benefits of Your 401(k) Plan COLA increases for dollar limitations on benefits and contributions

adamskc

Illinois requires that a 1099-R form be filed with the return otherwise they will process the income as regular income which is taxable. I do not see where TurboTax State asks for the form to attac...

Illinois requires that a 1099-R form be filed with the return otherwise they will process the income as regular income which is taxable. I do not see where TurboTax State asks for the form to attach. I know I was audited last year.

jmk5328

I just had the same issue that these other users were discussing (though for mine it was unemployment income, not PFL--but it's the same 1099-G form). I tried the solution that @0x24a537r9 suggested-...

I just had the same issue that these other users were discussing (though for mine it was unemployment income, not PFL--but it's the same 1099-G form). I tried the solution that @0x24a537r9 suggested--deleting the 1099-G completely and then re-entering it manually, instead of using the photo-capture--and it worked like a charm. Just wanted to re-up this thread because this bug has clearly not been fixed yet. My wife and I almost paid an extra $2400 in taxes this year because of this (in a year when I lost my job, so not exactly a lot of spare cash lying around). We were racking our brains to figure out why we owed so much. Luckily I caught that it was double-counting my unemployment income. TurboTax, you NEED to fix this!!!

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i have an email saying my expert sent me a message about my return but there is no message anywhere when i sign in to my account?

TRYING TO ADD INTEREST INCOME DOESN'T LET ME ADD OTHER 1099 WHERE IS THE NEXT BUTTON

Re: How do I elect depreciation for a car I purchased in 2025 and used only for business. The pro...

how do i add 2024 taxes to2025 on turbo tax. i didn't file last year

Incorrect Medicare Tax calculation for 'married filing jointly'

Re: I lived in Arizona part time, until June 2025, when we moved to Texas. How do I figure out th...

Form 4562 special depreciation cannot be entered

Re: How do you account for situations where Box 11 on my W-2 is larger than Box 1. My accounting department verified w-2 as correct. TurboTax doesn't accept this situation.

I've been asked to Select the years you received PPA loans that were forgiven, but I never received any. How do I get past this screen?

Re: What is the best way to allocate my interest and taxes if I have a rental property? IRS Metho...

Re: I need to report 2 sales of CUSIP common stock but I don't see that option in type of investm...

Re: Sole Proprietor Business income incorrectly shown in summary

Re: Self-employed health insurance deduction calculation

Re: How can i fill in Capital Loss Carry over if filing jointly for the first time?

Re: Clarification on 2024 Roth excess contribution 1099-R

Re: I am unsure if I qualify for Wisconsin armed forces tax exemptions, how do I tell what I qual...

IT-201 Won't E-File Due to Override

Re: I am 61yo with 15+ years of service government employee wishing to make special catch-up cont...

Illinois requires that a 1099-R form be filed with Taxes.

Re: PFL income is being counted twice

Do you have a TurboTax Online account?

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