All Posts

Here is how to enter.   Go to the Ohio State Return section. Look for a category labeled "Business Income" or "Ohio Business Income Deduction."] The software will ask you to enter the details from your K-1 and the merger gain. It then generates the Schedule IT BUS behind the scenes and attaches it to your personal filing. Here are some considerations. 1.Classifying the $148,000 Capital Gain In Ohio, capital gains from the sale of an ownership interest in a business (like your S-corp merger) are generally classified as:   Business Income if the sale is considered a "liquidation" of the business or if you were a material participant.  Where to enter: You will report this on Ohio Schedule IT BUS (Business Income), Part 1, under the "Capital gains/losses" line. Why it matters: By classifying it as business income, it becomes eligible for the Business Income Deduction, which can shield the first $250,000 (if filing jointly) from state tax.   2. Entering the K-1 Information The K-1 figures represent your share of the entity's operating activities for the year.   The Loss (-$155,174): This is also entered on Schedule IT BUS. You will enter this in the "Ordinary income" section for the S-corp.  The Dividend ($197): Enter this on the "Dividends" line of Schedule IT BUS. The Net Effect: Ohio will net these figures together on Schedule IT BUS. $148,000 (Gain) - $155,174 (Loss) + $197 (Dividends) = -$6,977 Net Business Income.Note: Because your total business income results in a net loss ($154,977 adjusted loss), you likely won't owe tax on the $148,000 gain itself, as the operating loss from the S-corp offsets it.  

You need to enter your itemized deductions in the federal portion of TurboTax to have them apply to your state return. You enter them in the Deductions and Credits section. Look for the Your Home section and then Property Taxes to enter your real estate taxes. Your state and local income taxes will be automatically considered for itemization on your state return once you enter your W-2 form reporting your state and local tax withheld. If you have any estimated state taxes, you enter them in the Estimates and Other Taxes Paid section, under Deductions and Credits in the federal section. 

No one can call you from the user forum but you have just invited scammers to call you and pretend to be from TurboTax.   This is a public web site that can be seen by anyone—including scammers and would-be identity thieves who would love to contact you and pretend to be from TurboTax.  Please remove the personal information you posted here ASAP by returning to your post and clicking the three little blue dots on the upper right to edit your post.   TurboTax gets no information from the IRS after you file your tax return. No one at TT knows what the IRS is asking you for.    If the IRS mailed you a letter requesting information or copies of documents, etc. follow the instructions in the IRS letter so that you will get your refund.  

Do you have a W-2 with a number in box 12 with code W? Then you have an HSA.  It's possible that if you imported a W-2, something went wrong. Can't be sure. If you are using the free version of Online, there is no support. Otherwise, you could contact support to look at your return to see why.   

If you e-filed: Banking information for direct deposit is wrong or closed If you entered incorrect banking information for your refund, you can change it if your return is rejected.  If it is accepted, however, it is too late to change it.  The bank will reject the refund and send it back to the IRS.     https://www.taxpayeradvocate.irs.gov/news/tax-tips/direct-deposit-changes-for-2026-could-affect-how-and-when-you-get-your-refund/2026/01/   You may get this notice— a cp53a notice   https://www.irs.gov/individuals/understanding-your-cp53a-notice   If you take NO action—-the IRS will freeze your refund for at least six weeks and then mail you a check.   If your refund is sent back to the IRS—- make certain that the address you entered on your Form 1040 is correct.  And…open all mail, even if it looks like junk mail.   And……if you choose “refund processing” or the “5 day early” offer, those involve a third party bank; sadly, you will have a lot of additional aggravation in tracking down your refund and getting a check.

  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2025 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   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   https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx   Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US   https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0   You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf  

You do not enter the "purchase" of a home.   You can enter certain home ownership deductions like mortgage interest, property tax paid or loan origination points.  You should have a 1098 from your lender that shows these.   Federal>Deductions and Credits>Your Home     SALE OF HOUSE   If your gain was more than  $250,000 filing Single, or more than $500,000 filing Married Filing Jointly the sale must be reported on your tax return.  Whether you re-invested the gain in to another house is irrelevant.  If you  have a Form 1099-S go to Federal>Wages and Income>Less Common Income>Sale of Home (gain or loss) If you owned and lived in the home as your primary residence for at least 2 of the last 5 years on the date of the sale, you do not have to report the home sale if the gain is less than $250K filing Single, or less than $500K filing Married Filing Jointly (and you both owned and lived in the home for at least 2 years).   If you are using online TT, you need Premium software to report the 1099-S   TO ENTER THE SALE OF YOUR PRIMARY HOME Start with Federal  Click on Wages and Income  Select Choose what I work on Scroll down to Less Common Income On Sale of Home (gain or loss),  Click the start or update button   NOTE:   If you have ever used the home as rental property or claimed a home office, you have more information to enter  

Most tax software limits how many 1099‑B transactions you can see or edit in the interface. Even though only ~50 entries appear, all transactions are imported and included in your totals. The IRS allows summary reporting for large datasets, so Form 8949 often shows only category totals with a note like “See attached statement” instead of listing every lot.    The full detail is still included in the electronic filing, but the software doesn’t display every line item. To view all transactions, you usually need to check your broker’s detailed statement or export the import file if the software supports it.   If you wish to be able to edit your entries, here are some suggestions:   1. Delete the existing import Your current import is in “summary mode,” which cannot be edited line‑by‑line.  You must remove it first: Go to the 1099‑B section Select the imported brokerage entry Choose Delete, Remove, or Start Over (wording varies by software) This clears the locked summary block. 2. Re‑import using a format that supports full detail To get editable rows, you need to import in a way the software treats as individual transactions, not a summary. Usually this means: Importing a CSV file from your broker Or choosing “detailed import” instead of “summary import” Or manually uploading the broker’s TXF file (if available)  3. If your software never shows all lines, use manual entry   Some programs (especially TurboTax Online) simply won’t display more than ~50–100 rows, even though they import everything. If you absolutely must edit each lot:   Delete the import  Choose “I’ll enter them myself” Enter each sale manually It’s tedious, but it gives full control. These are some suggestions you can try.  My suggestion is to leave "as is".  You mention the summary totals are close to your statement and this may be due to rounding differences. The IRS takes this into account thus does raise any "red flags".

If the EIN is the same and you work in more than 1 state or city, sometimes they will give you another W2 with the extra state information on it and the top part the same or not filled in. If this is the case, enter 1 W-2 but include both state and local taxes on it. It will let you type in more than one line for boxes 15-20. Don’t add the boxes together. If the locality in box 20 is the same you can simply combine the values in boxes 18 and then the values in box 19 together.   Same for boxes 12 and 14 if there is no room on the first W2 they can give you another W2 with the extra boxes on it. So list them all on 1 W2. For box 12 just enter it in the next row or box. It doesn’t have to match the box 12 a-d etc.

We have tested this experience and confirm the form error you describe. It would be helpful to have a TurboTax ".tax2025" file to test this issue further.   If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions:    In TurboTax Desktop, open your return and go to Online in the TurboTax header. (On a Mac computer, choose Share or Help.) Choose Send Tax File to Agent. You will see a message explaining what the diagnostic copy is.  Click Send on this screen and wait for the Token number to appear. Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important. If we are able to determine the cause, we'll reply here and possibly provide you with a resolution. 

Federal and state refunds come from completely separate entities.  There is no rule as to which one will come in first or how long it will be between their arrival in your account.   TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     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   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.    

Right, it does ask me for information. When I get to the screen asking: Improvements or replacements installed for enabling property. It gives me the option for Windows and skylights, which is the only item that I have checked, because it does not give me an option for insulation (which is another energy credit), the program only gives me a place for entering information about panels, subpanels, branch circuits, or feeders. If I select continue, the program goes to the next screen asking about Condos and Co-Ops