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9 hours ago
Once again, Intuit TurboTax has informed customers they are discontinuing It's Deductible. I have continued to use TurboTax yearly so I can utilize It's Deductible. Without the It's Deductible tool,...
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Once again, Intuit TurboTax has informed customers they are discontinuing It's Deductible. I have continued to use TurboTax yearly so I can utilize It's Deductible. Without the It's Deductible tool, Intuit TurboTax is just another tool for me to complete my taxes. For the same price as I pay for Intuit TurboTax, I can pay a tax preparer the same or less to complete my taxes and eliminate the time I would spend entering my information into TurboTax. Time is money. I am willing to sacrifice my time to continue to use Intuit TurboTax for the 2025 tax year and beyond if It's Deductible is still going to be available as an added tool. I will add, even if Intuit decides to change their plan to eliminate It's Deductible for the 2025 tax year, then in the 4th quarter of 2026, once again, states they are going to eliminate It's Deductible for the 2026 tax year I will definitely cease using TurboTax and may even cease using QuickBooks for an organization I am affiliated with. I am sure Intuit will not even notice my decision to cease using their products but when more and more customers cease using their products, they will be negatively impacted financially.
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9 hours ago
@Jeff1995 I think you may have got into Online Business. It might not be what you want. It is very expensive. See my answer on your other post. Online Business is $739 for Live Assisted Busine...
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@Jeff1995 I think you may have got into Online Business. It might not be what you want. It is very expensive. See my answer on your other post. Online Business is $739 for Live Assisted Business and $1,749 for Live Full Service Business. Live Assisted Business https://turbotax.intuit.com/personal-taxes/online/live/business-taxes Live Full Service Business https://turbotax.intuit.com/personal-taxes/online/live/full-service/business-taxes The Desktop installed DIY Business program is $190 and is only available for Windows. https://turbotax.intuit.com/small-business-taxes/cd-download
9 hours ago
Your W2 goes on your personal return as normal. The Business program is only for the S corp return. You still need to do a separate personal return. So you need to use 2 programs. For your pe...
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Your W2 goes on your personal return as normal. The Business program is only for the S corp return. You still need to do a separate personal return. So you need to use 2 programs. For your personal return you can use either the Online Premium or buy any of the Desktop CD/Download programs for Windows or Mac. All the personal Desktop programs have the same forms, you get more help in the higher versions. You can start an Online return here, https://turbotax.intuit.com/personal-taxes/online You can buy the personal Desktop CD/Download program now here, https://turbotax.intuit.com/personal-taxes/cd-download By the way, did you buy the Business program you install on a Windows computer? OR did you start in the Online Business? The Online Business versions are a lot more expensive. The Online Business is $739 for Live Assisted Business and $1,749 for Live Full Service Business? Live Assisted Business https://turbotax.intuit.com/personal-taxes/online/live/business-taxes Live Full Service Business https://turbotax.intuit.com/personal-taxes/online/live/full-service/business-taxes The Desktop installed DIY Business program is $190. It is only available for Windows. https://turbotax.intuit.com/small-business-taxes/cd-download
9 hours ago
On a schedule D and or schedule 8949 Form, is anybody familiar on how to file a wash sales
10 hours ago
1 Cheer
Not sure what you are asking but see if this helps. https://www.irs.gov/credits-deductions/used-clean-vehicle-credit
10 hours ago
File one return. As a sole proprietor your LLC income is included on your personal return when you complete Schedule C.
10 hours ago
Are you a Single Member LLC that did not elect to be a S corp? If you are self employed or a SMLLC (not S corp) you file it on Schedule C in your personal 1040 tax return. You will need to use th...
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Are you a Single Member LLC that did not elect to be a S corp? If you are self employed or a SMLLC (not S corp) you file it on Schedule C in your personal 1040 tax return. You will need to use the online Premium version or any of the Desktop installed programs. You can enter Schedule C for Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to Premium version. Or use any of the Desktop Download programs. Online Premium https://turbotax.intuit.com/personal-taxes/online/premium You can see all the Desktop Download programs here, https://turbotax.intuit.com/personal-taxes/cd-download How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653 Where to enter business expenses https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/01/27109
10 hours ago
Sorry but IMO it sounds like splitting hairs and deflecting from the issue. Security support is indeed extending support to the extent of keeping Windows 10 entirely viable. Furthermore the main ...
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Sorry but IMO it sounds like splitting hairs and deflecting from the issue. Security support is indeed extending support to the extent of keeping Windows 10 entirely viable. Furthermore the main concern cited by Intuit in their announcement for dropping Windows 10 is security concerns due to the lack of security support by Microsoft going forward. If Inuit's REAL reason is instead a business decision (as some people on the forum are SPECULATING) then Intuit should come out and say they don't value their desktop customers enough to support TT2025 on Windows 10. SE
10 hours ago
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11 hours ago
@doulos564 wrote: I'm in the same place as everyone else. I'm investigating alternatives. There really aren't any alternatives, at least not any that you can use to import into TurboTax. ...
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@doulos564 wrote: I'm in the same place as everyone else. I'm investigating alternatives. There really aren't any alternatives, at least not any that you can use to import into TurboTax. @doulos564 wrote: I found this today, which may be useful to everyone: https://claimyr.com/government-services/irs/Best-ItsDeductable-alternatives-for-valuing-charitable-donat[product key removed]ntinuation/2025-04-11 Your link doesn't work but the one below does, if it makes any difference to anyone. https://claimyr.com/government-services/irs/Best-ItsDeductable-alternatives-for-valuing-charitable-donations-after-discontinuation/2025-04-11
11 hours ago
I think I figured this out, will be great if someone can confirm validity. In the Quickzoom, enter the section 988 gain NOT in "Other nonpassive income (loss) to be reported on Schedule E, page 2...
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I think I figured this out, will be great if someone can confirm validity. In the Quickzoom, enter the section 988 gain NOT in "Other nonpassive income (loss) to be reported on Schedule E, page 2" but in the next line, which is "Other * (enter description)". This entry doesn't flow anywhere - the asterisk is explained further below in quickzoom as "Manually enter items here and on appropriate tax form or schedule". Then I can apply @PatriciaV 's recipe: Wages & Income -- Less Common Income group -- Miscellaneous Income, 1099-A, 1099-C. -- Other Reportable Income -- enter description and amount. This now flows to Schedule 1, Line 8z and gets included in other income
11 hours ago
Was your state return Accepted? Did you pay the fees for the state return? State should be in the same pdf file as federal, right after federal. But state could be in the middle of the pdf if you...
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Was your state return Accepted? Did you pay the fees for the state return? State should be in the same pdf file as federal, right after federal. But state could be in the middle of the pdf if your state wants a copy of federal. So then you get Federal, State, Federal. So look though ALL the pages in the pdf.
11 hours ago
It is not clear what you consider to be "at the end" of filing--- There is no federal credit or deduction for rent. If your state has a rent credit, you will enter it into the state return when you ...
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It is not clear what you consider to be "at the end" of filing--- There is no federal credit or deduction for rent. If your state has a rent credit, you will enter it into the state return when you prepare your state tax. You have not mentioned what state you are in.
11 hours ago
It's still there. You need to use the Online Premium version to enter a K-1 or any of the Desktop installed programs. Online Premium is a new name combining both the Online Premier and Self Emplo...
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It's still there. You need to use the Online Premium version to enter a K-1 or any of the Desktop installed programs. Online Premium is a new name combining both the Online Premier and Self Employed versions. Or are you asking about the separate Turbo Tax Business program to prepare a 1065 or 1120S return and K-1 forms? What version do you have? Do you want to use the Online version or buy the Desktop program? To enter a K-1 go to Federal Taxes Tab or Personal (Home & Business version) Wages and Income Then scroll way down to S-Corp, Partnerships and Trusts Schedules K-1 - Click the Start or Update button Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
11 hours ago
Some of your statements are confusing
"DoorDash submitted a 1099 last month as social security" makes no sense. If you were working as an independent contractor for DoorDash, you were self...
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Some of your statements are confusing
"DoorDash submitted a 1099 last month as social security" makes no sense. If you were working as an independent contractor for DoorDash, you were self-employed. DoorDash does not withhold anything for Social Security or Medicare. When you are self-employed--working as an independent contractor -- you pay self-employment tax for Social Security and Medicare yourself when you prepare your tax return. Depending on how much you earned by working for DoorDash, you may or may not have received a 1099NEC. If you made at least $400 working for them, then you are required to enter that income on your tax return---with or without a 1099NEC. Did you prepare a 2023 tax return and enter the DoorDash income?
"Social Security has cut off my benefits.."
You do not mention your age, so we do not know if you have reached full retirement age. Before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. If you continue to work while receiving SS before full retirement age, your benefits can be reduced. For 2023, if you earned more than $21,240 then your SS benefits could be reduced. If you have reached full retirement age, your benefits are not reduced if you continue to work; but your SS may be taxable.
You need to sort out what DoorDash actually sent to you and to the IRS. Did they send a 1099NEC for 2023? Did you enter DoorDash income for 2023 when you prepared your tax return--- or have you amended your 2023 return to include the 1099NEC now? What do your own records indicate that you made from DoorDash? How much did DoorDash put on the 1099NEC?
You also need to talk to Social Security to see what is really happening and why your benefits are "cut off" -- if in fact they have stopped paying your SS benefits. When you prepared your 2023 tax return did you enter a SSA1099?
12 hours ago
On the Estimated Taxes worksheet that can be used for the next tax year, there is no entry for payment number 4. Payments or withholdings can be made after payment number 3 which is 9/15. If a with...
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On the Estimated Taxes worksheet that can be used for the next tax year, there is no entry for payment number 4. Payments or withholdings can be made after payment number 3 which is 9/15. If a withholding is made on lets say 10/2/2025, where is the best place to enter that on the worksheet?
12 hours ago
Thank you @PatriciaV . There are a few issues with entering the section 988 gain in Schedule 1, which is provided in my K-1 box 11 with code ZZ. TT first reports an error asking for code ZZ to be f...
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Thank you @PatriciaV . There are a few issues with entering the section 988 gain in Schedule 1, which is provided in my K-1 box 11 with code ZZ. TT first reports an error asking for code ZZ to be fixed The fix takes me to a QuickZoom I enter the section 988 gain in "Other nonpassive income (loss) to be reported on Schedule E, page 2" ... which automatically flows the amount to Schedule E p2, and then to Schedule 1 line 5 Your answer indicates the section 988 amount should be entered in Schedule 1 line 8z . How do I get TT to flow the Quickzoom answer to line 8z and also resolve the error?
12 hours ago
No, I have not filed because Turbo TAX could not file the election electronically and I did not wan to print out 75 pages required and snail mail. Am considering another option for tax filing 2025 u...
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No, I have not filed because Turbo TAX could not file the election electronically and I did not wan to print out 75 pages required and snail mail. Am considering another option for tax filing 2025 unless I am able to elect this form using Turbo TAX and send electronically.