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yesterday
Form 568 can't be submitted with your 540 via e-file in certain situations. The situations in which it must be printed and mailed are shown on the form in TurboTax. If you are using a Desktop version...
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Form 568 can't be submitted with your 540 via e-file in certain situations. The situations in which it must be printed and mailed are shown on the form in TurboTax. If you are using a Desktop version of TurboTax, In Forms Mode, open the form and scroll to the very bottom. Depreciation on 3885L is one of the situations listed.
TurboTax generally does not support electronic filing (e-file) for California Form 3885L (Depreciation and Amortization for LLCs) within its TurboTax Home & Business software. While it may compute the depreciation, the software frequently flags this form as unsupported for e-filing, often requiring users to paper-file the Form 568 California LLC return.
If you are unable to e-file CA Form 568, apply for the waiver and mail in a hard copy. Form 3885L does not need to be included in that filing. See also this discussion.
@TI1973
yesterday
Yes the note on the instructions says that but the example under it which uses the 3000 federal deduction says to use the AZ capital loss and subtract the carryover from it to get your value for line...
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Yes the note on the instructions says that but the example under it which uses the 3000 federal deduction says to use the AZ capital loss and subtract the carryover from it to get your value for line 20. Let’s say for example it’s a 60k capital loss in AZ. and a 25k gain from CA. Would I enter 60k on line 20 (like the note would suggest since I used the 3k deduction on federal return) or would I enter like the 35k on line 20 (like the calculation under line 20 instructions explain it: 60k - 25k =35k ) ?
yesterday
unless turbotax has fixed an earlier issue where answering yes to having HDHP coverage for every month in 2024 still generated an error if you didn't have HDHP coverage for every month in 2025 i woul...
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unless turbotax has fixed an earlier issue where answering yes to having HDHP coverage for every month in 2024 still generated an error if you didn't have HDHP coverage for every month in 2025 i would recommend st leaving the 2024 questions blank. In other words, answering the 2024 questions is only needed if you used the LMR rule in 2024.
yesterday
My tax refund was deposited into a closed bank account that had a negative balance. The bank paid the negative balance and sent me a check with the remaining balance. Is this allowed?
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yesterday
@Hal_Al thanks again for your advice. I finally got Turbotax to do what I wanted it to do, and the AOTC came out to be larger than expected now that $4000 from the 529 distribution was no longer bein...
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@Hal_Al thanks again for your advice. I finally got Turbotax to do what I wanted it to do, and the AOTC came out to be larger than expected now that $4000 from the 529 distribution was no longer being treated as taxabel income. Quick question: For line 1 of the 1098-T entry TT does say "Enter the exact amount that's in your form". I went ahead and just entered the 19466-17800 = 1666. Should I have instead checked the box, "I paid a different amount than shown in Box 1" and entered the number in the field that appears?
yesterday
1 Cheer
@NCperson My assumption was that the student qualified on his own, for the AOTC and even if ineligible for the refundable portion, had enough tax liability to get the non refundable portion. Good c...
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@NCperson My assumption was that the student qualified on his own, for the AOTC and even if ineligible for the refundable portion, had enough tax liability to get the non refundable portion. Good catch on the 4 times limit. The family should still come out better if he can only claim the Lifetime Learning Credit (LLC) but nowhere near as lucratively as the AOTC (I didn't do the actual math).
yesterday
If it's for the purpose of supporting a Chinese social insurance pension, then you don't need to submit form 8833. From Form 8833 instructions, under the section "Exceptions from reporting", it s...
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If it's for the purpose of supporting a Chinese social insurance pension, then you don't need to submit form 8833. From Form 8833 instructions, under the section "Exceptions from reporting", it states: "Positions for which reporting is waived include, but are not limited to, the following... That a treaty reduces or modifies the taxation of income derived by an individual from dependent personal services, pensions, annuities, social security, and other public pensions, as well as income derived by artists, athletes, students, trainees, or teachers"
yesterday
@billpurnell3 no; it can only be deducted if you itemize. in 2026, CASH donations up to $1,000 per taxpayer (so $2,000 if filing JOINT) will be a "below the line" deduction without itemizing. T...
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@billpurnell3 no; it can only be deducted if you itemize. in 2026, CASH donations up to $1,000 per taxpayer (so $2,000 if filing JOINT) will be a "below the line" deduction without itemizing. This will be similar to the $300 deduction back in 2021 or so.
yesterday
Still having the same issue (web version). It is 3/30/2026. I'd expect the bugs to be ironed out by now. What's the latest update? I can't file with this still incorrectly applying the depreciati...
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Still having the same issue (web version). It is 3/30/2026. I'd expect the bugs to be ironed out by now. What's the latest update? I can't file with this still incorrectly applying the depreciation values (or not at all). Please respond!!
yesterday
No. For 2025 charitable donations of any kind are only an itemized deduction, which is below the line.
For 2026 you will be able to claim a limited deduction for charitable contributions if you ...
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No. For 2025 charitable donations of any kind are only an itemized deduction, which is below the line.
For 2026 you will be able to claim a limited deduction for charitable contributions if you don't itemize. But that deduction will be only for cash contributions, not clothing, housewares, or other items.
At this time it's not clear whether the 2026 deduction will be above-the-line or below-the-line. You can find lots of expert opinions saying that it's above-the-line or below-the-line. But the law is unclear, and the IRS has not yet issued any information about it. That's why there are expert opinions both ways.
yesterday
If you can not move forward in you TurboTax program, you can try these steps to correct this:
Go out of your program, close your browser and go back in.
Clear your cache and cookies. Click he...
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If you can not move forward in you TurboTax program, you can try these steps to correct this:
Go out of your program, close your browser and go back in.
Clear your cache and cookies. Click here for How to clear your cache. Click here for How do I delete cookies?
Try a different Web browser, such as Chrome or Firefox.
Make sure you have allowed local network access by clicking the lock/info icon next to the URL.
If you are using a VPN, disable it.
Make sure your internet connection is strong and stable
Try using incognito mode
Temporarily disable antivirus or firewall software that might be blocking data transmission
If you are using TurboTax Desktop, you can manually check for updates for your TurboTax program by clicking on "Online" in the black bar near the top of your screen and selecting "Check for Updates."
It may be a temporary server issue. This requires you to wait and try again later.
You can contact TurboTax Customer Support using this link: Turbo Tax Customer Support.
Please return to Community if you have any additional information or questions and we would be happy to help.
yesterday
It was 100% business use the entire time? If so, don't follow the directions in the other response - report the sale in the vehicle section. As for your problem, go back through the questions an...
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It was 100% business use the entire time? If so, don't follow the directions in the other response - report the sale in the vehicle section. As for your problem, go back through the questions and look for the one that asks if you kept track of personal miles. Say YES.
yesterday
Just to be clear, I enter the Vanguard's 2025's 1099R into 2025's federal return just as all the boxes appear, on the statement or do I change box 1 and 2a to $46 to match the taxes in box 4. The nu...
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Just to be clear, I enter the Vanguard's 2025's 1099R into 2025's federal return just as all the boxes appear, on the statement or do I change box 1 and 2a to $46 to match the taxes in box 4. The numbers I entered on the 2024's return were box 1 $5769, box 2a $419, box 7 p,j. Now the actual 2025 1099 from Vanguard is box 1 $5815.60, 2a $465.60, box 4 $46.56 & box 7 p,j. Thank you again!!
yesterday
last year the physical CD was available for an extra $10 now it's no longer something Intuit offers (same with HR Block). you can purchase a desktop license key online from Intuit or authorized reta...
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last year the physical CD was available for an extra $10 now it's no longer something Intuit offers (same with HR Block). you can purchase a desktop license key online from Intuit or authorized retailers and can download the software from the site below which is the same thing as the CD version. Note system requirements for 2025 - you need Win 11 or Mac OS 14 or above. It will not work on Win 10 or Mac OS 13 which went out of support last year. https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/ https://turbotax.intuit.com/personal-taxes/cd-download/tta-system-requirements/ https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-product-orders/obtain-authentic-turbotax-programs/L1yYfitCw_US_en_US?uid=mikq6w51 Note - this year TT has starting selling an "Online" version, this is a pre-paid version for the TT Online service; do not confuse this with the "Desktop" version.
yesterday
1 Cheer
You can’t buy a CD anymore. Only the download. Newer computers don’t have CD drives anymore. Since you now have to log into an Intuit Account to install and activate the program, all your downl...
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You can’t buy a CD anymore. Only the download. Newer computers don’t have CD drives anymore. Since you now have to log into an Intuit Account to install and activate the program, all your downloads and licenses are listed there (even if you bought it from somewhere else) so if you need to download to install it again or install on another computer, even on the other operating system (Windows, Mac). And the download will have all the updates to date. You can buy Turbo Tax at several stores like Costco, Sam’s, etc. Where can I buy Turbo Tax Desktop program? https://ttlc.intuit.com/community/choosing-a-product/help/where-can-i-buy-the-turbotax-software/00/25893 You can buy the Desktop Download program directly from Turbo Tax here, https://turbotax.intuit.com/personal-taxes/cd-download/ For 2025 You will need Windows 11 or Mac OS Sonoma 14 or later
yesterday
Hi, I've read some of the 529 to Roth Rollover questions and answers and none of them answer my question. According to some questions, since the rollover is considered a qualified distribution, you...
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Hi, I've read some of the 529 to Roth Rollover questions and answers and none of them answer my question. According to some questions, since the rollover is considered a qualified distribution, you don't have to include the 1099-Q on your taxes. However, in Massachusetts, it is not clear that the rollover is a qualified distribution and you may have to pay taxes on any earnings. I was able to enter the 1099-Q and the federal tax seems to be ok with it, but the state chokes, says it doesn't know how to handle and freezes, leaving me unable to file either form electronically. I'm wondering if I should just print it and mail it in, but then I will have the same problem next year. Thanks, Anita
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yesterday
When establishing your self-employment side business, report the business location as Florida, not Virginia.
Correct the self-employment side business in TurboTax Online by following these step...
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When establishing your self-employment side business, report the business location as Florida, not Virginia.
Correct the self-employment side business in TurboTax Online by following these steps:
Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click on the drop down arrow to the right of Self-employment.
Click to the right of Self-employment income and expenses.
At the screen Your 2025 self-employed work summary, click the pencil to the right of the activity.
At the screen Here's your XXX info, click the pencil to the right of Your XXX info.
Edit the Business address with the Florida address.