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yesterday
When manually entering my crypto sales in the desktop version on the Income/Investments screen, I select "Regular digital asset" and fill in the info. All the numbers calculate correctly, however, o...
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When manually entering my crypto sales in the desktop version on the Income/Investments screen, I select "Regular digital asset" and fill in the info. All the numbers calculate correctly, however, on the summary screen, each transaction gets flagged as "Needs Review" and the Description field is set to "Untitled" even though I entered the name of the crypto and correct quantity. Anyone else seeing this?
yesterday
yes. if you made reportable gifts to non-charities, you need to report charitable donations
yesterday
The cost for those support items is not deductible even if claiming her as your dependent.
To claim her as your dependent under the Qualifying Relative rules she must meet all the requirements ...
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The cost for those support items is not deductible even if claiming her as your dependent.
To claim her as your dependent under the Qualifying Relative rules she must meet all the requirements under the rules.
To be a Qualifying Relative -
1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld. 2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 3. The person's gross income for the year must be less than $5,200 (social security does not count) in 2025 4. You must provide more than half of the person's total support for the year. 5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year. 6. The person must not file a joint return with their spouse with the following exception - You can claim a person as a dependent who files a joint return if that person and that person’s spouse file the joint return only to claim a refund of income tax withheld or estimated tax paid.
yesterday
I've been retired for a number of years and I have a traditional IRA. The past few years I have had to take the RMD. At this rate I will never be able to get the money out without paying a lot o...
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I've been retired for a number of years and I have a traditional IRA. The past few years I have had to take the RMD. At this rate I will never be able to get the money out without paying a lot of taxes (treated as income). I just put my numbers into my 2025 return and I could have taken another $7,000.00 out above the RMD before hitting the taxable limit. Apparently there is an extra senior $12,000.00 exclusion that I didn't know about. Will that be there next year? My goal is to get all of the money out of the IRA and pay the minimum in income tax but how do I know what the taxable limit will be for this year before I start taking the money out?
yesterday
Thank you for reply and this is exactly the behaviour I want from Turbo Tax. As see below in image 4 if I put amount contributed after 1 Jan 2026 Form 8606 does not generates, where as if I put amoun...
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Thank you for reply and this is exactly the behaviour I want from Turbo Tax. As see below in image 4 if I put amount contributed after 1 Jan 2026 Form 8606 does not generates, where as if I put amount contributed in 2025 Form 8606 generate... Am I missing something or its a bug at TT Online?
yesterday
Online is only good for 1 return per account. Don’t use your account or you will overwrite your return and it will be gone. And you have to pay for each account separately so it might get expensive...
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Online is only good for 1 return per account. Don’t use your account or you will overwrite your return and it will be gone. And you have to pay for each account separately so it might get expensive. You can use the same email address for 5 accounts. You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return Create your account screen Set up a new login for the second return Start working on the new return
yesterday
Well that's a shame as I've been using TurboTax for probably the last 25 years, but I guess I'll have to switch. Not sure what the rationale behind not supporting what google says is "~1 billion wind...
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Well that's a shame as I've been using TurboTax for probably the last 25 years, but I guess I'll have to switch. Not sure what the rationale behind not supporting what google says is "~1 billion windows 10 computers still in use as of late 2025", and hopefully the company will figure this out based loss of sales...
yesterday
The online editions can only be used for one tax return per account and User ID. To start another tax return with the online editions you will need to create a new account with a new User ID. Go to...
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The online editions can only be used for one tax return per account and User ID. To start another tax return with the online editions you will need to create a new account with a new User ID. Go to this website and click on Sign up at the top right of the page to start a new account - https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/
yesterday
Since the law was passed in the middle of the year, a lot of employers might not be reporting the tips on Box 7. You will need to report your tips based on what is reported on your last paystub. Ma...
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Since the law was passed in the middle of the year, a lot of employers might not be reporting the tips on Box 7. You will need to report your tips based on what is reported on your last paystub. Make sure that the amount reported on your paystub are "voluntary tips" because mandatory service charges do not qualify for the deduction.
You will need to enter this amount as "qualified tips," when TurboTax asks for them. This will be asked after you enter your W2 information.
No Tax on Tips: How It Works in the One Big Beautiful Bill
How do I enter unreported tips?
How do I import or enter my W-2?
yesterday
The broker would not know the cost basis though, or where the coins came from or if it came from wallets rather than brokers. How do I ensure that it isn't treating everything as a 0 cost basis?...
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The broker would not know the cost basis though, or where the coins came from or if it came from wallets rather than brokers. How do I ensure that it isn't treating everything as a 0 cost basis?
yesterday
If you are using the TurboTax online editions, they can only be used for one tax return per account and User ID.
You will need to create a new account with a new User ID to complete and file anothe...
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If you are using the TurboTax online editions, they can only be used for one tax return per account and User ID.
You will need to create a new account with a new User ID to complete and file another tax return. Go to this TurboTax website and click on Sign up in the upper right of the page to start a new account - https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/
Note - If you completed your 16 year old's tax return on your account and you also completed your tax return first, then your return has been overwritten and is now gone. You will need to create a new account for yourself or your fist 16 year old.
yesterday
Why am I paying in so much state tax? Could I speak with someone?
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yesterday
Online is only good for 1 return per account. Don’t use your account or you will overwrite your return and it will be gone. And you have to pay for each account separately so it might get expensive...
See more...
Online is only good for 1 return per account. Don’t use your account or you will overwrite your return and it will be gone. And you have to pay for each account separately so it might get expensive. You can use the same email address for 5 accounts. You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return Create your account screen Set up a new login for the second return Start working on the new return The Desktop program can do unlimited returns and efile 5 federal for free. You can buy the Desktop Download program directly from Turbo Tax TurboTax® 2021-2022 CD/Download Tax Software, Compare Desktop Tax Preparation For 2025 You will need Windows 11 or Mac OS Sonoma 14 or later
yesterday
If TurboTax is not accepting your spouse's name for your Alabama state return, ensure it matches your Social Security Administration records exactly,
Also make sure it matches exactly how you e...
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If TurboTax is not accepting your spouse's name for your Alabama state return, ensure it matches your Social Security Administration records exactly,
Also make sure it matches exactly how you entered it in your "My Info" section of TurboTax.
Make sure there are no special characters. Hyphens are allowed. Remove any spaces or apostrophes
You could try clearing your cache and cookies; sometimes this helps with these types of issues. You could also try a different web browser.
If you have any additional information or questions regarding this, please return to Community and we would be glad to help you.
yesterday
Yes, always a US citizen. Always lived in US. All our income is US based. Not sure why IRS is asking this question. But IRS does (form 1040) and provides a box on the form to be checked indicatin...
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Yes, always a US citizen. Always lived in US. All our income is US based. Not sure why IRS is asking this question. But IRS does (form 1040) and provides a box on the form to be checked indicating taxpayer lived at least 50% of the year in US. However turbotax program does not check the box when 1040 form is printed. There also is no question in the turbotax application (screens) that deals with this question. Not sure if IRS would reject the return if this was left blank but would prefer not to find out. Could, of course, print tax forms, check the box myself, and mail return. However, I want to file electronically for several reasons and that is why I pay the turbofax fee. Perhaps made a mistake in that I paid turbotax upfront.
yesterday
When I initiated Turbo Tax the interface came up in Spanish. I need it in English. How do I change it to English?
yesterday
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if ag...
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If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.