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14m ago
The Child Tax Credit depends mostly on your child's age rather than their student status. Your child must be under age 17 at the end of the year to qualify for the full credit. If they are 16 or youn...
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The Child Tax Credit depends mostly on your child's age rather than their student status. Your child must be under age 17 at the end of the year to qualify for the full credit. If they are 16 or younger, being in trade school does not change their eligibility as a qualifying child. See What is the Child Tax Credit? for more information.
14m ago
Did you ever get this resolved? I also have used this setting for years and this is the first year it won’t let me, i tried asking them why but they said it’s a technical issue.
15m ago
2025 desktop New Jersey is applying exclusion on "pension (ira) income" using outdated tiers although the law changed in 2018. Now, the law says there is only a single limit at $150,000. Will Tur...
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2025 desktop New Jersey is applying exclusion on "pension (ira) income" using outdated tiers although the law changed in 2018. Now, the law says there is only a single limit at $150,000. Will Turbotax ever fix?
15m ago
@TGormley Sorry, I should have been more specific. If the tax liability on your Form 1040 Line 24 is 0 then the credit is carried over to the next tax year.
What is the amount on the Form 1040 Lin...
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@TGormley Sorry, I should have been more specific. If the tax liability on your Form 1040 Line 24 is 0 then the credit is carried over to the next tax year.
What is the amount on the Form 1040 Line 24?
17m ago
It appears TurboTax support is not interested the issue from the lack of feedback.
17m ago
Turbotax Amend 2023 does not seem to have a step by step that allows entries for non-qualified expenses. Can someone share how to amend. I need to report this income on my dependent's 2022 and 2023...
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Turbotax Amend 2023 does not seem to have a step by step that allows entries for non-qualified expenses. Can someone share how to amend. I need to report this income on my dependent's 2022 and 2023 taxes. Scholarship funds used for non-qualified expenses (room, board, travel) are taxable income, reported on Form 1040 or 1040-SR, Schedule 1, Line 8r (labeled "SCH"). This taxable amount must be included in your total income on Form 1040, line 8, and may require estimated tax payments if it results in a significant tax liability. Key Details for Reporting Taxable Scholarships: Form 1040/1040-SR: The primary form used to report the taxable portion of scholarships, fellowships, or grants not reported on Form W-2. Schedule 1 (Form 1040), Line 8r: This is where you specifically report the amount of the scholarship used for non-qualified expenses.
18m ago
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18m ago
It is expected to be available later this week with the end of the week updates (which typically occur on Thursday nights), so please check back at the end of the week.
18m ago
If you are entering the information one a one-on-one basis, select the box I have other boxes on my 1099-B to enter. Box 1g is available to report a disallowed loss due to the wash sales rules.
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If you are entering the information one a one-on-one basis, select the box I have other boxes on my 1099-B to enter. Box 1g is available to report a disallowed loss due to the wash sales rules.
If you are entering the information on a sales section totals basis, select the box I need to adjust my total cost basis. W (nondeductible loss from a wash sale) is available to report a disallowed loss due to the wash sales rules.
The wash-sale rule prohibits selling an investment for a loss and replacing it with the same or a 'substantially identical' investment thirty days before or after the sale.
The loss not permitted is added to the cost of the newly purchased asset. Your broker keeps track of the wash sales.
More information may be found here.
@rakvak
19m ago
My "Federal Tax Due" is $421 so I still have a tax liability
19m ago
You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax...
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You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=lfgviwbm
20m ago
Do you have a separate account through clearing services? Advisors appears to be the trade name backed by clearing services but it doesn't look like the acocunt login information is interchangable b...
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Do you have a separate account through clearing services? Advisors appears to be the trade name backed by clearing services but it doesn't look like the acocunt login information is interchangable between the services.
20m ago
It Is FEB 15, 2026. I still can't finish asset worksheet for my depreciable asset additions for my rental property! WHA IS GOING ON WITH TURBOTAX Software people????
20m ago
I did use the tax checklist in QuickBooks to transfer my info to TurboTax, but I'm not supposed to have to pay for tax filing in TurboTax because I paid for the tax bundle.
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20m ago
For another tax return using the online editions you will have to create a new account, a new User ID and use a new email address.
Go to this TurboTax website and click on Sign up to start a new ac...
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For another tax return using the online editions you will have to create a new account, a new User ID and use a new email address.
Go to this TurboTax website and click on Sign up to start a new account - https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/
21m ago
RogerD1: I too am unable to "save" the explanation statement for a 5329-S Part IX explanation. It vanishes every time I click "enter" or print, etc. According to my 1099 R, my distribution was $4...
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RogerD1: I too am unable to "save" the explanation statement for a 5329-S Part IX explanation. It vanishes every time I click "enter" or print, etc. According to my 1099 R, my distribution was $452 less than my RMD for 2025. However, that is because the charity to whom I had mailed a $1000 check on December 16, 2025 did not cash the check until 01/08/2026. (would have been $548 more than RMD). I want to explain that to the IRS on the 5329 Explanation statement form provided by TurboTax , but the form will not retain the explanation I added. When I do Smart Check review, it always comes up as an error that can't seem to be fixed because the explanation is blank. There does not seem to be any way to edit the page to get the correct appearance.
21m ago
Turbo Tax keeps promising but continues to delay.
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22m ago
So much easier with a disc.
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