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Follow the steps here to correct your entry. When you are entering a roof as a capital improvement, not the building itself, there should be no land value entered into this asset. Go back to remove t... See more...
Follow the steps here to correct your entry. When you are entering a roof as a capital improvement, not the building itself, there should be no land value entered into this asset. Go back to remove that entry and if necessary enter a zero. Also be sure you selected Rental Real estate property as the asset category and residential real estate as further description, if applicable. Zero for value of land.
Do you mean apply from your 2024 REFUND?     If it didn’t transfer over from last year, then enter a Federal and state refund from last year that you applied to this year here. BUT first make sure ... See more...
Do you mean apply from your 2024 REFUND?     If it didn’t transfer over from last year, then enter a Federal and state refund from last year that you applied to this year here. BUT first make sure it’s not already there. You don’t want to apply it twice. It will be on 1040 line 26. To enter or delete a Federal or State Refund from last year that you applied to this year, go to Federal (or Personal for Home & Business) Deductions and Credits Then scroll way down to Estimates and Other Income Taxes Paid Other Income Taxes - Click the Start or Revisit Next page scroll down to 2024 Refund Applied to 2025  
I have a Supplemental 1099-B which shows differing adjusted cost basis for RSUs and QSP/ESPP stock sales.  The difference is in the break out of "ordinary income", where the shares were not held long... See more...
I have a Supplemental 1099-B which shows differing adjusted cost basis for RSUs and QSP/ESPP stock sales.  The difference is in the break out of "ordinary income", where the shares were not held long enough.  Where do I report the "ordinary" income that is reported on the supplemental 1099?  Turbo Tax only asks or the fields on the original 1099-B, not what is given on the supplemental.
This gives me just what I needed. Your suggestions were easy to follow—thanks
Did you have any GAINS in 2025?   It must have used up the carryover loss from 2024.    When you started 2025 did it transfer from 2024?  Maybe you need to enter the carryover loss?   Each year you... See more...
Did you have any GAINS in 2025?   It must have used up the carryover loss from 2024.    When you started 2025 did it transfer from 2024?  Maybe you need to enter the carryover loss?   Each year you get to first offset the carryover loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year.   Maybe you need to double check the carryover loss from 2024.   And check 2025 to see how it's applying the 2024 loss.   Check Schedule D line 6 and 14. Then there are 2 worksheets…. Capital Loss Carryover worksheet showing the carryover from the prior year and the current amounts. Capital Loss Carry Forward worksheet showing the amount transferring over to next year. In the Online version you have to save your return with all the worksheets as a pdf file to your computer to see the Capital Loss worksheets. You need to use Online Premium to enter a Capital Loss Carryover and investments. Or any of the Desktop programs. In the Desktop program you can switch to Forms Mode and open the worksheets.
If you have not registered, paid or e-filed you can clear and start over. CLEAR AND START OVER   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-tur... See more...
If you have not registered, paid or e-filed you can clear and start over. CLEAR AND START OVER   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-turbotax-online/L37BZFuBV_US_en_US?uid=m6b26ost
@user17757554846 , are you saying that you do not see the amount in section IV of Schedule-1A  ( think it is line 36 ) ? Note that there is  phaseout  based on income.   Please answer  and I wi... See more...
@user17757554846 , are you saying that you do not see the amount in section IV of Schedule-1A  ( think it is line 36 ) ? Note that there is  phaseout  based on income.   Please answer  and I will try to replicate the issue --- I have windows desktop  Home & Business.   I will circle back once I hear from you --yes ?
Yes, you likely got it but it's not where you might expect.  First be sure you have the correct birth date for each spouse. Next you can preview your tax return because it's not part of the standard ... See more...
Yes, you likely got it but it's not where you might expect.  First be sure you have the correct birth date for each spouse. Next you can preview your tax return because it's not part of the standard deduction. It is a separate deduction from income and not a credit. See the instructions below to check for it on your tax return. To qualify, the following must apply: If your income is above $75,000 ($150,000 if Married filing jointly) the bonus deduction decreases by $.06 for every dollar over the relevant amount.  This deduction is available whether you itemize or take the standard deduction. If your filing status is married filing separately you are not eligible for this deduction. This bonus deduction is ONLY for those over 65, it does not apply to those who are blind and under 65.   From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.) Select Tax Tools On the drop-down select Tools On the pop-up menu titled “Tools Center”, select View Tax Summary  On the left sidebar, select Preview my 1040  See Line 13-B on your 1040 for the amount. Additional deductions from Schedule 1-A, line 38 For TurboTax Desktop, change to 'Forms' and review the forms.      
TurboTax keeps putting me back in a loop with erroneous data. I want to delete and start over with a clean slate.
Turbo tax told me I qualify but I didn’t get my senior deduction
@user17759445623 , understand your frustration with the process, abstruse questions and unclear direction. So please accept my apologies ( I am a volunteer helping users and have no financial or othe... See more...
@user17759445623 , understand your frustration with the process, abstruse questions and unclear direction. So please accept my apologies ( I am a volunteer helping users and have no financial or otherwise connection with Intuit).  But before I can create a reasonable step-by-step instruction for you I need some facts" (a) Are you a US person  ( citizen/GreenCard) ? (b)  Where is your tax home ?   Has it been so for the whole of 2025 or only part of the year? (c)  Are you trying to exclude/ take Foreign Tax Credit for wages/ self-employment for  part year or for the whole year of 2025 ?  Is this because  you are dual status for 2025 or what ?   Please answer my questions and I will happy to help you through this. I will circle back once I hear from you--yes ?
Turbotax says the Foreign Tax Credit doesn't apply this year, but there's no reason provided and there's no IRS guidance that says this.
I looked up the land value and input in the form but TT states the value of the land can't be more than the total cost.
Yes you can decline the savings credit.  To go back to a lower version or the Free Edition you can try to clear and start over https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and... See more...
Yes you can decline the savings credit.  To go back to a lower version or the Free Edition you can try to clear and start over https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and-start-over-in-turbotax-online/00/26444 To Downgrade to Free If you started your tax return in TurboTax Free Edition (Form 1040 with limited credits; roughly 37% of taxpayers qualify), you won't need to clear and start over. You can select Switch to Free Edition instead. If it is saying you need Schedule 3 and can't use the Free Edition it might be giving you the Retirement Savings Credit. You can say you are a student to decline the credit. You must answer Yes when asked in the Retirement Savings Contributions Credit section if your were a full-time student. The answer to this same question asked in the personal-information section is not the answer that is used.
  Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process ret... See more...
  Federal and state refunds come from completely separate entities,  There is no rule as to which one will come first or how much time there will be between their arrivals.  Some states process returns quickly and some are very slow.   STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
Try moving "back" a few screens and completing the questionnaire again. The QBI Deduction is determined separately for each business activity, as some types of business are subject to different rules... See more...
Try moving "back" a few screens and completing the questionnaire again. The QBI Deduction is determined separately for each business activity, as some types of business are subject to different rules, but it appears as one deduction on your tax return after it is calculated on Form 8995, or Form 8995-A.   The Qualified Business Income deduction (also called the QBI deduction, pass-through deduction, or Section 199A deduction) lets most self-employed taxpayers and small business owners exclude up to 20% of their qualified business income (QBI) from federal income tax.   See this TurboTax help article for more information.
If you have not registered, paid or e-filed you can clear and start over. CLEAR AND START OVER   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-tur... See more...
If you have not registered, paid or e-filed you can clear and start over. CLEAR AND START OVER   https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/clear-start-turbotax-online/L37BZFuBV_US_en_US?uid=m6b26ost
You find information on IBIT here:  https://www.blackrock.com/us/financial-professionals/library?productIdentifier=US46438F1012%7EBRYLQ9EC8%7E333011