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It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1... See more...
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info. 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    
Follow the steps in this article: State install/e-file update loop: State not installed after installation or TurboTax needs to update prior to e-file
@benmcconaughy personally, I would not worry about it.  As you state, the tax deduction is correct.  If ever audited by the IRS (unlikely) you have documentation to support the deduction.
The IRS only wants to know the total property tax paid so you can just leave it alone. 
If your TurboTax expert is running late, first wait about 5 minutes, then the system should give you an option to reschedule. You can also try logging out and back in, clearing your browser cache/coo... See more...
If your TurboTax expert is running late, first wait about 5 minutes, then the system should give you an option to reschedule. You can also try logging out and back in, clearing your browser cache/cookies, and checking the notification bell for any updates from your expert.   If it’s been more than 15–20 minutes, reach out to TurboTax Support for help, and you can always reschedule your session from the Live Help or Tax Home section.
If you just signed in to your account, you can just close the window that opened for your bank and return to TurboTax.  If you already downloaded the form and you would like to delete the form:   ... See more...
If you just signed in to your account, you can just close the window that opened for your bank and return to TurboTax.  If you already downloaded the form and you would like to delete the form:   Open your return. Go to Tax Home Select Tax Tools in the left menu Click on Tools A pop-up will come out called Tool Center Select Delete a form Select Delete next to the Form 1099 that you want to delete   If you are using TurboTax Online, please follow the instructions in this TurboTax Help article to delete a form.   If you are using TurboTax Desktop, please follow the instructions in this TurboTax Help article to delete a form.  
It depends.  Most rental activities are considered passive.  Passive losses can generally only offset passive income (like profits from other rentals).  They cannot usually be used to lower the taxes... See more...
It depends.  Most rental activities are considered passive.  Passive losses can generally only offset passive income (like profits from other rentals).  They cannot usually be used to lower the taxes you owe on ordinary income.      The IRS allows you to deduct up to $25,000 of rental losses against your ordinary income if your AGI is within limits.   Passive activities are typically rentals or businesses in which the taxpayer does not actively participate.   Losses not allowed in the current year may be carried forward to future years. Modified adjusted gross income (MAGI) limits apply, capping the special allowance at $100,000 or $50,000 for those filing as Married Filing Separately. See More info on Passive Activities    
Verify on Schedule 1A, Part V, Line 37 if the senior deduction is reflected.  As long as you meet the qualifications for this deduction, it is automatically applied to your tax return. You don't nee... See more...
Verify on Schedule 1A, Part V, Line 37 if the senior deduction is reflected.  As long as you meet the qualifications for this deduction, it is automatically applied to your tax return. You don't need to take any additional steps. Qualifications: -Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns). -Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with deductions phasing out above those levels. Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income.  For more information, see Deductions for Seniors.  
I ended up replying to your other post after I recognized the fact that you were the one who had the 3 inherited IRA accounts - 2 from your mom and one from your dad.  On that post, I revised my inst... See more...
I ended up replying to your other post after I recognized the fact that you were the one who had the 3 inherited IRA accounts - 2 from your mom and one from your dad.  On that post, I revised my instructions for entering this in NJ and I also edited them above.   You assessment that the contributions to the IRA - whether or not they were made by New Jersey residents at the time of the contribution - will not be taxable when withdrawn as a NJ resident seems to be correct - at least I have not yet found anything in NJ tax law that contradicts that.   As far as your Federal return goes, you had no alternative for getting the correct taxable amount for the inherited IRA accounts other than to do what you did which you did according to guidance from TurboTax.  This should be covered by Audit Defense, but there should be no issue if this is done correctly and you have the records to back up the non-deductible contributions that your parents made to their IRA accounts.   And since TurboTax is unable to separate IRA and inherited IRA data, then entering the inherited IRA data for total traditional IRA values will make your Backdoor Roth taxable - partially or fully.   It is your choice as to whether you want to try to do a basis determination for NJ.  And it will be acceptable to do that on your Federal return even if you don't do that for NJ.  You have the right to pay no more than the lowest amount of tax legally possible, however, getting to that point may prove to be difficult - the decision will come down to judging if the effort and time is worth the savings.   And if you file your Federal return by mail, you have no option but to file your state return by mail.  Details here.  It would also probably be best (and simpler and less time-consuming) to just file by mail, rather than e-file and then amend.
This is the most consistently successful fix reported by users.   Delete TurboTax from Applications Empty the Trash Re‑download the installer Install again from the .dmg Launch onl... See more...
This is the most consistently successful fix reported by users.   Delete TurboTax from Applications Empty the Trash Re‑download the installer Install again from the .dmg Launch only from Applications Several users report that reinstalling allows TurboTax to complete its update and then open normally
I had an appointment at 4pm but the tax expert is not showing up. What can I do? I need to fill my taxes
Hi, I am having a challenge completing my property tax deduction. We have two homes. The first (our primary residence) is owned free and clear. No 1098. Our second home has a mortgage for which we ... See more...
Hi, I am having a challenge completing my property tax deduction. We have two homes. The first (our primary residence) is owned free and clear. No 1098. Our second home has a mortgage for which we received a 1098. When I enter the information from the 1098 for our second home, it populates into line 2b of the interest and property tax information worksheet. (line 2b specifically states that it refers to property taxes on the principal residence). If I override this entry, I get an error message saying I won't be able to efile because it interferes with cross checking. The 1098 worksheet shows that it is for a second home. I have tried entering the tax and mortgage information in the interview format and by directly entering the data in the worksheets. Am I missing something or can someone suggest a workaround? (whether it is on the first or second home doesn't effect the amount of taxes, just the way the forms are reported).   
If you have been entering the mortgage interest in the Rental section of TurboTax Home & Business for Mac, and having the program allocate the rental and personal percentage - here are the steps to g... See more...
If you have been entering the mortgage interest in the Rental section of TurboTax Home & Business for Mac, and having the program allocate the rental and personal percentage - here are the steps to get to mortgage interest for a property that has already been set up:   Go to the Business tab Select Start or Update next to Rental Properties and Royalties Answer Yes to Do you want to review your rental and royalty information? Answer the question about Real Estate Professionals You should then see Rental and Royalty Summary page. Click Edit to make changes. Click Expenses to enter or edit expenses. Click I'll choose what I work on The Common Expenses screen appears. Edit any items needed on that screen includine Real Estate Taxes Click Continue The next screen has entry fields for mortgage interest. For a property that is partly rented and partly personal, TurboTax should automatically allocate the interest between Schedule E (rental) and Schedule A (personal itemized deductions) based on your reported rental/personal days and/or percentage of use.   See this TurboTax tips article for more information.   @lilly54   
It depends. if Coinbase is asking for facial recognition (Face ID, etc.), there’s no legit way to skip it—you have to either: use a device that can complete that check, or switch to a different 2‑s... See more...
It depends. if Coinbase is asking for facial recognition (Face ID, etc.), there’s no legit way to skip it—you have to either: use a device that can complete that check, or switch to a different 2‑step verification method through Coinbase’s recovery/support flow. Let's break it down a bit so you can see your options.   1. What “facial recognition required” usually means Coinbase may be using:   Passkey / Face ID / Touch ID: Your device’s built‑in biometric unlock as part of login. Identity verification selfie: A one‑time or periodic selfie check to verify you’re the account owner. Security prompt in the mobile app: A push notification you approve on your phone. All of these are security features. If they’re turned on, Coinbase expects you to pass them before you can access or download anything. 2. If you just want to download your data/transactions Once you’re logged in (web or app), you can usually: On web (coinbase.com): Settings → Privacy or Activity / Reports / Taxes Look for “Download”, “Export”, “Generate report”, or “Tax reports”        
The $2,727 in payments WAS payments made in 2025 for 2024 taxes.  After making a deduction from my IRA during the last week of 2024, I made an estimated 2024 state tax payment of $2,300 in January 20... See more...
The $2,727 in payments WAS payments made in 2025 for 2024 taxes.  After making a deduction from my IRA during the last week of 2024, I made an estimated 2024 state tax payment of $2,300 in January 2025.  Then, when I filed my state taxes, I made a $427 payment with my return for the balance of what I owed for 2024.  $2,727 total.
Follow these steps: Open to federal income Locate w2 Scroll down to the state section. It should list each state income attributed to each state  tax withheld for each state F... See more...
Follow these steps: Open to federal income Locate w2 Scroll down to the state section. It should list each state income attributed to each state  tax withheld for each state For example: OH income $60k tax $5k PA income $10k tax $1k   Once you are in the nonresident state return, you indicate zero income.   Reference: Do I need to file a nonresident return for an out-of-state employer?
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new... See more...
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately on line 13b.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately  
  MD Administrative release 5 deals with Mutual Fund Distributions of Tax-Exempt Interest and Capital Gains from State and Local Obligations and says this about capital gains:   C. Capital gains... See more...
  MD Administrative release 5 deals with Mutual Fund Distributions of Tax-Exempt Interest and Capital Gains from State and Local Obligations and says this about capital gains:   C. Capital gains from the sale of mutual funds shares - Capital gains realized from the sale of shares in a mutual fund are subject to Maryland tax. In this respect, Maryland law follows federal law and the capital gains portion flows through from the federal return to the Maryland return without modification.   I can see this as a reason to exclude mutual fund CGs as a subtraction. However it does not take into account when there are US Government obligations identified in a brokerage statement for a fund that pays out CGDs.   MD Admin Release 11 deals specifically with Income from Regulated Investment Companies Which Invest in U.S. Government Obligations and Income from Repurchase Agreement Transactions. And says this:   Shareholders may subtract that portion of their distribution or dividend received from a mutual fund which represents United States government obligation interest even if the mutual fund receives less than 50% of its interest from United States government obligations.    I believe the word distribution is what Box 2A shows as a Total Capital Gain Distribution. I can find no further clarification on what "distribution" means.  and then this in the MD Code subparagraph 2 below: General Section 10-207   Article - Tax - General § 10-207.       (a)      To the extent included in federal adjusted gross income, the amounts under this section are subtracted from the federal adjusted gross income of a resident to determine Maryland adjusted gross income.         (b)      The subtraction under subsection (a) of this section includes a distribution, to a beneficiary, of accumulated income on which a fiduciary has paid the income tax.         (c)      The subtraction under subsection (a) of this section includes interest or dividends attributable to an obligation of the United States or an authority, commission, instrumentality, possession, or territory of the United States.         (c-1)      (1)      (i)      In this subsection, the following words have the meanings indicated.                     (ii)      "Mutual fund" means a regulated investment company as defined under § 851 of the Internal Revenue Code.                     (iii)      "United States government obligation" means an obligation of the United States or an authority, commission, instrumentality, possession, or territory of the United States.               (2)      The subtraction under subsection (a) of this section includes a distribution or dividend by a mutual fund of interest or dividends attributable to a United States government obligation.   Did someone just arbitrarily say that Admin Release 5 overides Release 11 and Section 10-207. If MD does not allow the subtraction then they should clarify MD Administrative Release 5 (and the MD tax code) with wording to the effect that Release 11 does not apply to Capital Gain Distributions even if documentation shows that all or a portion of the distribution came from U.S. Government Obligations.  Generally any USGO subtraction on the Maryland return turns out to be such a small amount that it rarely affects the bottom line, but still I have not found any definitive law or Administrative Release that prohibits taking the subtraction.  
Will claiming losses  on Schedule E line 16 reduce my federal taxes for the year? if not how can I use losses to reduce federal income tax?
Hi @Ambikadevi  I've sent you a direct message to gather more information. Please respond. Thanks!