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ThomasM125

It is possible that some of the sales listed on the Form 1099-B may not report a cost basis. If so, it would be to your advantage to research those and enter the correct cost basis, so it can be subt...

It is possible that some of the sales listed on the Form 1099-B may not report a cost basis. If so, it would be to your advantage to research those and enter the correct cost basis, so it can be subtracted from your sales proceeds, thus reducing your reported capital gain income. There could also be other issues. You will have to review the investment sale entries and see what needs your attention. You enter the 1099-B forms in the Wages and Income section of TurboTax, then Investments Sales, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc...

AmyC

NYS is very busy between: the NY inflation checks -taxable on fed but not state enhanced fraud filters for EIC and child tax credit NY may have your return set aside for one of the above...

NYS is very busy between: the NY inflation checks -taxable on fed but not state enhanced fraud filters for EIC and child tax credit NY may have your return set aside for one of the above reasons. They request 4-8 weeks officially so you are only half-way through the potential wait. Many of the states are experiencing delayed refunds this year also due to the tax law changes last summer. Refunds are up and so it the wait time. If you do want to reach a human - do not choose the refund status option. Pick another option - general or account. Taxpayer Assistance Line at 518-457-5181 (8:30 a.m. – 4:30 p.m. ET).

jacquie12

Thanks! Both NYS and Turbotax could make this clearer!

Opus 17

We have a good international expert here, @pk In general, I believe your spouse is not a dual-status alien for 2025 because she passes the substantial presence test for 2025. https://www.irs....

We have a good international expert here, @pk In general, I believe your spouse is not a dual-status alien for 2025 because she passes the substantial presence test for 2025. https://www.irs.gov/individuals/international-taxpayers/substantial-presence-test She would be dual-status if she entered the US during 2025, but you say she entered in 2024. So she is considered a resident for tax purposes for all of 2025, even though her legal status changed at various times during the year. https://www.irs.gov/publications/p519#en_US_2025_publink1000222165 Ownership of foreign assets is not declared unless they are sold and generate a capital gain or loss. You need to file an FBAR if she owned a foreign bank account if the account had more than $10,000 US equivalent in it for even one day, but that sounds not the case. You are also correct that her student loan interest would not be deductible. It sounds like you will just file a standard married filing joint return.

leeleses

I think while I was doing my PA state taxes I think I saw a message that I can't e-file because of my 1099-R retirement income that they demand that I send a paper return. Can someone refresh my mem...

I think while I was doing my PA state taxes I think I saw a message that I can't e-file because of my 1099-R retirement income that they demand that I send a paper return. Can someone refresh my memory? Is it possible that you could pay the e-file fee and try to e-file, only to find that it fails because you have to send in a paper return (and then you spent the e-file fee for nothing) ? Could someone remind me if that's possible? Should I just give up and file a paper return?

serenity-cw3

iyer-s-shashank

RobertB4444

An inherited IRA actually does have a Required Minimum Distribution based on the age of the person who it was inherited from. The easiest answer - and the correct one, in your case - is the e...

An inherited IRA actually does have a Required Minimum Distribution based on the age of the person who it was inherited from. The easiest answer - and the correct one, in your case - is the exact amount that you received. Just enter that as the RMD amount and you're all set.

anonymous2

The wording suggests (to me at least) that it represents the PROCEEDS from sales not the profit. But the number doesn't match with what I sold. So I think it actually means just the net gain/loss fro...

The wording suggests (to me at least) that it represents the PROCEEDS from sales not the profit. But the number doesn't match with what I sold. So I think it actually means just the net gain/loss from stock sale.

kimwilliams919

PatriciaV

It's possible this is browser-related. Please log out of TurboTax, refresh your browser, and clear your cookies and cache. Then restart your browser and log into TurboTax again. Or try a different br...

It's possible this is browser-related. Please log out of TurboTax, refresh your browser, and clear your cookies and cache. Then restart your browser and log into TurboTax again. Or try a different browser. For more help, please see: How do I delete cookies? How to clear your cache @StoneSysOp

M-MTax

Premier used to have a section for Rentals. There should be a Profile section along with an income, expense, and asset section. If you have desktop Premier you could always use Forms Mode and the...

Premier used to have a section for Rentals. There should be a Profile section along with an income, expense, and asset section. If you have desktop Premier you could always use Forms Mode and the asset entry worksheet.

aquatic101

Thanks, the link was helpful. If only I could get my $50 back!

smooner

I was able to find a loophole to enter it. I changed my selection for if I had education expenses besides tuition to "yes" even though I didn't (have qualifying education expenses) and it then promp...

I was able to find a loophole to enter it. I changed my selection for if I had education expenses besides tuition to "yes" even though I didn't (have qualifying education expenses) and it then prompted me to enter my 1098T. I saved my work and then I went back and changed my selection back to "no." I double checked and the 1098T form was filled out in the manual view of forms. Hopefully updates won't delete the progress.

ronbozeTT

Did I miss something? Your post just instructed me to acknowledge a post to my question with a thumbs-up, but I didn't see any reply to my question about where to find messages from a TT expert.

dlif2

I am using TurboTax Deluxe 2025, downloaded Windows version. TurboTax is making extraneous $0 entries for home mortgage interest in multiple fields on my return. I paid off my mortgage several years ...

I am using TurboTax Deluxe 2025, downloaded Windows version. TurboTax is making extraneous $0 entries for home mortgage interest in multiple fields on my return. I paid off my mortgage several years ago and did not make any entries in TurboTax related to home mortgage interest while preparing my 2025 return. Is there any way to get TurboTax to leave the fields related to home mortgage interest blank, as it did on my returns for previous years? TurboTax is making the extraneous $0 entries on two forms that would be part of my filed return: Schedule A (Itemized Deductions), lines 8a, 8e, and 10; and Form 1116 (Foreign Tax Credit), line 4a. TurboTax is also making related extraneous $0 entries on two worksheets that support these two forms: the Tax and Interest Deduction Worksheet, line 5e, and the Foreign Tax Credit Computation Worksheet, lines 4a and 4a(1). I have filed Form 1116 as part of my returns for many years, and my 2025 return is the first return where TurboTax has entered an extraneous $0 for home mortgage interest on that form. Because my 2025 return is the first that has included Schedule A since I paid off my mortgage, I don't know whether TurboTax would have entered an extraneous $0 for home mortgage interest on Schedule A on any earlier returns.

sosebeedeana01

How l9ng after it says my federal is paid will it be in my bank account

Belleblack1

How do I remove the property taxes. I do not own property

M-MTax

Check the boxes below in the Assets section:

wingchang

Thank you for the response. I use Turbotax Premier, and don't see these screens, am I using the right product? I only see the rental profile.

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Re: why is turbo tax asking me to review 1099-b documents?

Re: What should I do if my NY tax return got accepted on 2/3 and it still says this: "Your refund...

Re: How to enter your NYS Inflation Check <<< I figured it out! >>>

Re: Questions about first time married filing taxes jointly with K1 spouse

Is it common for PA efile to fail, and you wasted the $25 fee for nothing?

The calculation for Vehicle loan interest deduction is wrong. Has anyone solved?

All of my short and long term sales have their cost bases reported to the IRS. How can I bulk edit all entries to apply these changes?

Re: TurboTax is asking for RMD information (1) on an IRA I don’t own and (2) when I am not old en...

Does this number represent total sales or just the profit taken from stock sale?

What can I do if my 2025 tax return accidentally went to my Roth IRA and I transferred the funds out same day

Re: Need Review Won't Go Away

Re: Selling a rental property in 2025

Re: Maryland 500DM

Re: Unable to enter 1098T into my TurboTax as a dependent possibly bc I am claimed on parent's return

Re: Can't Find Messages from TurboTax Expert

How can I stop TurboTax from making extraneous $0 entries on my return?

Its says my federal has been updated to paid but it isn't in my bank

I can not get the part off a out property taxes. I do not own property

Re: Disposition of rental property by gifting

Re: Selling a rental property in 2025

Do you have a TurboTax Online account?

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