turbotax icon
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

Should I amend my 2024 1040 return if I own digital assets?
Gambling To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings You can enter your winnings, and then keep clicking th... See more...
Gambling To enter the W-2G  or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings You can enter your winnings, and then keep clicking through the interview to enter gambling losses.   https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses   Gambling winnings are taxable income.  Losses are an itemized deduction.  If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect. https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/     2024 STANDARD DEDUCTION AMOUNTS SINGLE $14,600    (65 or older/legally blind + $1950) MARRIED FILING SEPARATELY    $14,600    (65 or older/legally blind + $1550) MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550) HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)      
If you had income of your own that was entered on a joint return with your spouse, you can file an injured spouse form to seek the part of the refund that could be attributed to your own earnings.  I... See more...
If you had income of your own that was entered on a joint return with your spouse, you can file an injured spouse form to seek the part of the refund that could be attributed to your own earnings.  If you are in a community property state it gets pretty tricky.   INJURED SPOUSE https://ttlc.intuit.com/turbotax-support/en-us/help-article/spouse-partner/file-form-8379-injured-spouse-allocation/L3KVDvR02_US_en_US?uid=ltmrgzbp   Note:  Using the injured spouse form delays your refund for at least 14 weeks.  
Did you pay $25 for the 5 day early refund Early Tax Refunds | Fast Tax Refunds with TurboTax   The  “”5 day early” date is based on the date given to you on the IRS refund site—-not the date the ... See more...
Did you pay $25 for the 5 day early refund Early Tax Refunds | Fast Tax Refunds with TurboTax   The  “”5 day early” date is based on the date given to you on the IRS refund site—-not the date the TT site shows in your account.   If your refund does not come in five days ahead of the IRS date, they are supposed to cancel the $25 fee.   See this thread Solved: Federal refund send date of 2/24. I paid the extra to have the 5 days advance. Today makes 5 days early but nothing changed on turbo. Will I get refunded for no advance?
Yes 1 more year matters. Those of us who chose to get the 1 year updates were all caught flatfooted by the TT announcement.  We needed way more warning. Personally I will be changing Tax Programs. Ye... See more...
Yes 1 more year matters. Those of us who chose to get the 1 year updates were all caught flatfooted by the TT announcement.  We needed way more warning. Personally I will be changing Tax Programs. Yes 1 more year gives us way more time to get a win 11 computer
You report all of your winnings. If you itemize you deduct your documented losses but no more than what you won. 
"...  a much smaller amount than I am being made to pay."   Doubtful.  Trust income-tax rates are generally higher than individual tax rates unless the amount of income is quite small.  For 2024, t... See more...
"...  a much smaller amount than I am being made to pay."   Doubtful.  Trust income-tax rates are generally higher than individual tax rates unless the amount of income is quite small.  For 2024, trusts reach the 37% tax bracket at $15,200 of taxable income.  Also, to be taxable to the trust, the income has to be retained by the trust.  If the income is distributed to you, you end up paying the tax anyway, passed through on Schedule K-1 (Form 1041), and the trust takes a deduction for distributable net income to remove it from the trust's taxable income.
I finally found the FAQ to Amend state https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/need-amend-state-return/L3hGFyaPp_US_en_US
I need to make adjustments (downward) to the amount of mortgage interest that is deductible. It will not result in itemizing for federal.
And See this post Solved: How can I tell if I get 2024 stimulus
Currently am down on my gambling this year, my net is negative. How do taxes work and do I owe any taxes?
@ user17557140049 wrote: I am not a corporate user, but I have been buying TurboTax Premium for 21 years.  I would be forced to buy a new computer to run windows 11 so that I could use TurboTax 2... See more...
@ user17557140049 wrote: I am not a corporate user, but I have been buying TurboTax Premium for 21 years.  I would be forced to buy a new computer to run windows 11 so that I could use TurboTax 2025.  I will be switching to a competing tax preparation software product instead (H&R). Have you seen any evidence anywhere that 2025 HRB  is planning to install on Windows 10?
There has not been a stimulus approved for 2024 or 2025.   There were only 3 stimulus checks for 2020 and 2021.
@shansmw wrote: Thank you so much!  I knew there must be a way but totally blanked, especially since it really isn't intuitive. I do have one more question, if you can possibly answer.  TT doesn... See more...
@shansmw wrote: Thank you so much!  I knew there must be a way but totally blanked, especially since it really isn't intuitive. I do have one more question, if you can possibly answer.  TT doesn't clear a problem I fixed when it did a review.  How do I make TT realize I did exactly what it said to do so I can do an efile?  Or should I ask this separately?  Or do you want more detail?   You can try asking in this same thread, but so far we only know you are trying to fix "something."  You need to describe the issue in enough detail that people can understand what you're trying to do.   And then, someone familiar with the issue can comment if they see this thread.
When you are ready to file you can try to switch to efile.   https://ttlc.intuit.com/community/e-file/help/how-do-i-change-from-mail-to-e-file-in-turbotax-online/00/26985
Thank you so much!  I knew there must be a way but totally blanked, especially since it really isn't intuitive. I do have one more question, if you can possibly answer.  TT doesn't clear a problem I... See more...
Thank you so much!  I knew there must be a way but totally blanked, especially since it really isn't intuitive. I do have one more question, if you can possibly answer.  TT doesn't clear a problem I fixed when it did a review.  How do I make TT realize I did exactly what it said to do so I can do an efile?  Or should I ask this separately?  Or do you want more detail? Thank you again.