All Posts
yesterday
The TurboTax system is not allowing me to enter the 529 contributions into my WI return, but WI should allow the deduction.
Topics:
yesterday
@vlb wrote: Take deep breaths and please stop taking out your stress on the customers. You're just not getting it are you? They DON'T CARE.
yesterday
@DonC6306 You wrote Improvements or replacements installed for enabling property
I am not seeing any screens which state "enabling property". Is the property your main home? Do you share the ...
See more...
@DonC6306 You wrote Improvements or replacements installed for enabling property
I am not seeing any screens which state "enabling property". Is the property your main home? Do you share the home with someone else?
yesterday
I filed tax return as married separate, and trying to amend to joint, and Federal return keeps rejecting because of error. The problem is that if Turbotax File section it never asks about AGI or last...
See more...
I filed tax return as married separate, and trying to amend to joint, and Federal return keeps rejecting because of error. The problem is that if Turbotax File section it never asks about AGI or last year Self Select PIN. My spouse created Identity Protection PIN, but it still rejecting it. Error after creating Identity Protection PIN and amending with a PIN. IND-032-04 - The spouse's Adjusted Gross Income (AGI) or 5-digit Self Select PIN entered for last year doesn't match IRS records. How to fix it: Check your spouse's records for last year's AGI, or get it from a Return Transcript available on the IRS website. An Identity Protection PIN can also be used to verify their identity before resubmitting your return. Initial error before creating a PIN: IND-027-02 - If 'PINTypeCd' in the Return Header has the value "Self-Select On-Line" and 'SpouseBirthDt' has a value, then 'SpousePriorYearAGIAmt' or 'SpousePriorYearPIN' or 'SpouseIdentityProtectionPIN' must have a value.
yesterday
@user17748294106 wrote: Never paid a dime for any of those. 🤓 In addition, why keep sending private data to all these companies, so they could get you hooked on more stuff. I wouldn't be pa...
See more...
@user17748294106 wrote: Never paid a dime for any of those. 🤓 In addition, why keep sending private data to all these companies, so they could get you hooked on more stuff. I wouldn't be paying for those products if I didn't have a special need for them. If you want to live like a semi-luddite, that's your business and your choice. I don't, personally. Also, what private data? I restrict that and they only have my name and credit card number (which I monitor closely). Further, I totally ignore the paltry numbers of solicitations I receive for products/services.
yesterday
I entered the foreign taxes paid from the 1099 DIV. Why wasn't form 1116 populated?
Topics:
yesterday
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 de...
See more...
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.
yesterday
I am amending 2025 taxes for my daughter. She files as household as her daughter and grandchildren live with her. The grandchildren were to be claimed by their father for 2025 but he decided not to f...
See more...
I am amending 2025 taxes for my daughter. She files as household as her daughter and grandchildren live with her. The grandchildren were to be claimed by their father for 2025 but he decided not to file taxes. Is this comment appropriate for the 1044X. The change is due to a miscommunication between my grand children’s mother who lives with me and their father who does not live in my household. Their mother is part of my household. While the children spend almost 50% of their time with their father at his mother’s house where he lives, he was going to claim them in 2025 since I claimed the two children in 2024. As it happened, he did not and will not file taxes due to lack of income. He has given us permission to claim the children on my taxes.
Topics:
yesterday
Thanks for the address - I am going to use Schwab DAF as the name of the charity which is odd but since they don’t ask for the tax exempt code probably fine!
yesterday
So, I should enter only the amount I want to deduct in 2025 rather than the total allowable as per instructions, correct?
yesterday
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 sec...
See more...
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.
yesterday
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 a...
See more...
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.
yesterday
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 Onl...
See more...
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.
yesterday
What type of real estate do you need to input? It makes a difference whether it was a home, an investment property, a rental, etc.
yesterday
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 acc...
See more...
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.
yesterday
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/
...
See more...
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
yesterday
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 le...
See more...
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
yesterday
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 all...
See more...
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".
yesterday
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...
See more...
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.