All Posts

I have tried both the app and online versions (both are up-to-date) and am still unable to file because it says this form is "Ready soon". The link still says it should be available today (2/18/2026). Can you please provide further assistance when this will be ready? I've already been waiting to file for 3 weeks. 

while my properties are the rental properties, there's capital gains from the sale, box one has an entry of zero.  But if I remove the zero, the program adds several thousand more in tax liability than with the zero included.  Again, I shouldn't have to put so much effort into figuring out the program and keep guessing.  Turbo tax should automatically do so.  It's their form to begin with. In fact, Turbo tax should have the TT1040 import the information from the TT 1065. But it doesn't import.   All of you who use Turbo tax, when it comes to selling assets and trying to get a CPA to review or even start the return from scratch, you will find that most CPAs are not willing to take you on. Just telling you what I've experienced.  Anyone from TurboTax willing to chime in? Last year I paid extra to have someone from Turbo tax answer the questions. The person gave a generic answer and wouldn't let me send her the form to look and see if I did it right. She said she couldn't do that. So, I'm reluctant to waste my time and money doing that again. 

You are right, your suggestion is what I need to do. It wasn't a Turbo Tax issue. Edward Jones claims that IRS allows them to label Long Term Gains as "various" instead of an acquisition date, and now that I have changed  these mutual fund sales to long term and entered an acquisition date instead of "various, the Schedule D, the 8949, and the 1040 are correct.  Apparently their method isn't compatible with TurboTax.  But I think this a lazy way to do this on the part of Edward Jones.     Thanks for your help. PS  Edward Jones tells me that my numbers will be in line with what IRS received.  I sure hope so! 

The information in the link below will walk  you through the steps and may help you to check the process and clear the error.  Please update if you continue to have this experience. What should I do if I didn't take depreciation on my rental property?

TurboTax gets no information after you file your tax return. TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer.  “21 days”  is not a promise from TurboTax or the IRS.      First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   Once your federal return has been accepted by the IRS, only the IRS has any control.  TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.     You need your filing status, your Social Security number and the exact amount  (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:    https://www.irs.gov/refunds   To track your state refund:     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr   If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh . https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst         If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act.  Do not expect your refund before early March   https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US   Note:  “Accepted” is not the same as “approved”.  TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing.   Only the IRS can approve of the refund, which is a later stage of processing.  If the IRS approves your refund they will provide a date for the refund to be issued.   FROM THE IRS WHERE’S MY REFUND SITE: https://www.irs.gov/wheres-my-refund How it works Where's My Refund shows your refund status: Return Received – We received your return and are processing it. Refund Approved – We approved your refund and are preparing to issue it by the date shown. Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.  

On the 2025 Desktop version, it shows that I have an excess contribution to my "IRA" of $1230 when I contributed $9230 to my work 401k and to my Roth IRA of $8000. Is it thinking that the 12 D entry is for an IRA? At the end of the Deductions and Credits section it shows the Excess Contributions. IRA Contribution $9230, Less: $1230 for Excess IRA Contribution and then goes on to call the $8000 Roth IRA Contrbution and Excess and subtracts it.

If your broker or financial institution is on our list of TurboTax Import Partners, you can securely import the following forms into TurboTax:   1099-B 1099-DIV 1099-INT 1099-OID  1099-R   Go to the investment Income section and check the summary page.   If the import was successful, you should see your form.   But if there was an error import, you can try the import again, see tips below.    You may need to enter the form manually if you are unable to import it successfully.     How do I import my 1099s?   What if I can't import my 1099?

Why can’t I edit it using the editing button to tell TurboTax it is a collectible?  I imported the 1099-B from Schwab and I didn’t have to use “add” or  “other” options.  My question is why I can’t change it after importing from Schwab?

You will want to add your rental properties income and expenses under Wages & Income - Rental Properties and Royalties (Sch E).  See Where do I enter income and expenses from a rental property?.  You will want to enter your Realtor business activity income and expenses as Self-employment income and expenses.  See Where do i enter expenses as a real estate agent?   You did mention that you are a realtor, so you MAY qualify as a Real Estate Professional.  If you do, you can indicate this in the rental property section, and the rental activities in which you materially participated are not passive activities.  See Real estate professionals. You qualify as a real estate professional for the tax year if you meet both of the following requirements. More than half of the personal services you perform in all trades or businesses during the tax year are performed in real property trades or businesses in which you materially participate. You perform more than 750 hours of services during the tax year in real property trades or businesses in which you materially participate.

There will be a dropdown box for you to select or check a box for 'Collectibles' as you enter your investment sale. Look for a checkbox or dropdown menu that allows you to select "Collectibles". Please update here if you need further assistance.   @epaclubtax