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Did you e-file your tax return and was it accepted? You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large butt... See more...
Did you e-file your tax return and was it accepted? You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.   Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.  Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.
In 2025, Illinois instructions say to include partner retirement payments listed on the K-1-P as a deduction on Schedule M of the Illinois 1040, instead of line 5 on the IL-1040.  However, TurboTax s... See more...
In 2025, Illinois instructions say to include partner retirement payments listed on the K-1-P as a deduction on Schedule M of the Illinois 1040, instead of line 5 on the IL-1040.  However, TurboTax software does not do that but instead puts the retired partner pension payments on Line 5. Why?????
all I can say is I have one of those continuation pages every year with many entries that can't fit on Schedule B and have never had an issue with e-file
It won't allow me to enter a number to delete.  
I know this had been reported before, but Turbotax clearly has no desire to fix this Here is another example.   Background: Using Turbotax Online This is an ammedended return as the new car inte... See more...
I know this had been reported before, but Turbotax clearly has no desire to fix this Here is another example.   Background: Using Turbotax Online This is an ammedended return as the new car interest deduction was not part of the initial questionaire and I forgot to add it.   My findings: Like for many, the deduction is not calculating properly.  So I played with my numbers and found the issue. 1) My Adjusted gross income is $112,700 Single 2) My actual interest was just $508 and Turbo tax said $0 interest deduction on this amount (WRONG!) 3) So I moved my interest up to to $2,601 and it said $1 interest deduction.  4) I also moved my interest up to $12,000 and it said a $7,400 interest deduction.   So what does this tell us:  As my income is $12,700 over the $100,000 limit for the full $10,000 deduction, the max deduction should be lowered by $2,600 or $200 for every $1,000 over the limit,  ($200 * 13). This would mean my maximum deduction is $7,400 ($10,000-$2,600). When I enter an obscenly high interest amount, Turbo tax gets the top end correct as they cap my deduction at $7,400   But on the low end, they are also deducting the amount for the deduction itself.  Thus if I say my interest was $2,601, I end up with a $1 deduction.    Turbotax needs to fix this ASAP.  I tried to use online chat but the person had no answer for this.         
To find how Line 6b on Form 1040 is calculated for your particular return, look at the Social Security Benefits Worksheet.  If you're using TurboTax Online, you will need to pay for your return, then... See more...
To find how Line 6b on Form 1040 is calculated for your particular return, look at the Social Security Benefits Worksheet.  If you're using TurboTax Online, you will need to pay for your return, then save a PDF copy 'with all forms and worksheets' to view this worksheet.    In TurboTax Desktop, in FORMS, you can open the form to view it.  Anywhere from 0 to 85% of your Social Security benefit can be taxable, depending on what other income you have.  Make sure you've entered all your income.   Here's more info on Is My Social Security Taxable?   @Ejsantarelli       
I was about to transmit the return and then TurboTax asked me to check several 1099-R entries which match the original documents 100%.
Turbotax is telling us our income is too high to deduct an IRA contribution, but we had no employer sponsored plan and there should not be an income limit. Can anyone help us figure this out?
Turbo tax miscalculated my tax return in 2023. I was penalized by IRS. What recourse do I have?
A final k-1 was distributed for a family trust.  The trust is reorganizing, it is not dissolving.  I do not know how to address this on the 1065.  The assets are still in the trust, nothing was sold.... See more...
A final k-1 was distributed for a family trust.  The trust is reorganizing, it is not dissolving.  I do not know how to address this on the 1065.  The assets are still in the trust, nothing was sold.  It is just reorganizing to address deaths and new ownership from those who inherited ownership.  I have to select the partnership has ended, but I do not know how to proceed from this point.  
The payment you received for the easement is for you granting the right to the payor to use your property for certain uses such as a right-of-way for utility lines.  Those payments are not a "sale" b... See more...
The payment you received for the easement is for you granting the right to the payor to use your property for certain uses such as a right-of-way for utility lines.  Those payments are not a "sale" but compensation for use of your property for their intended purposes.  The payment qualifies as a reduction in basis to your property and will not be taxable as long as the basis of the property is zero or greater.   As a simple example, let's say that you own a single family home on a residential lot that you bought for $100,000 - that would be the basis in your home.  If you received an easement payment of $10,000, that get's subtracted from the $100,000 basis to get your adjusted basis of $90,000.  Once you sell your property, you'll use this basis (along with other adjustments to it) to determine the gain on sale.   Here's how to enter the 1099-S in TurboTax online:   Click on Federal on the left side menu, then Income, then Wages and Income Summary. Scroll down to Investments and Savings and click on that section to expand it. Click on Start or Revisit for Stocks, Cryptocurrency, Mutual Funds, Bons, Other (1099-B, 1099-DA) Click Yes on Did you have investment income in 2025? Click Enter a different way on the next screen Click Type it in myself on the next screen Select the Other tile on the next screen Enter the name of the Financial institution on the 1099-S , then Continue On the Now, enter one sale for [financial institution] screen: The type of investment will be Land (personal use) How did you receive this investment? - select I purchased it For Description enter a description of the land sold for the easement Enter the date for when your purchased your home in the When did you receive this investment? Date sold or disposed will be the date you received the payment in 2025 Proceeds will be the amount of proceeds listed on the 1099-S Enter an amount equal to the proceeds in the Total amount paid box, then click Continue Click None of these apply, then Continue on the next screen This will get your 1099-S reported to the IRS on your return as a non-taxable event.  Just remember to adjust the cost basis of your home downward by the 1099-S proceeds for when you eventually do sell your home.
1099-R form, Box 14 withholdings must be less than Box 1 gross distribution-it is
I do not need to use the capital loss carryover deduction this year. My AGI is less than the standard deduction. Form 1040 is still taking the $3000 deduction that I do not need, wasting this for the ... See more...
I do not need to use the capital loss carryover deduction this year. My AGI is less than the standard deduction. Form 1040 is still taking the $3000 deduction that I do not need, wasting this for the future. How do I adjust the output from Schedule D to remove this amount from Form 1040?