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It appears that both of your W-2s had a code W in box 12. These show that there were "employer" contributions to your HSA(s). Note that in IRS-speak, "employer" contribution is simply HSA contributio... See more...
It appears that both of your W-2s had a code W in box 12. These show that there were "employer" contributions to your HSA(s). Note that in IRS-speak, "employer" contribution is simply HSA contributions made through your employer, whether by you or your employer or the Man in the Moon.   The reason why steps 1 and 2 of the HSA Reset ask you to delete your W-2s is that so long as the W-2(s) with the code W exist in your return, the moment that you delete a 8889, it will just come back. You have to delete the W-2s to get this to work.   I am sorry because I know this can be onerous, but humor me by following all the steps.
As an example, TurboTax 2024 (version used for 2025 taxes) contained a feature that would allow one to enter donated items and directly look up their value based on condition (e.g. men's slacks, good... See more...
As an example, TurboTax 2024 (version used for 2025 taxes) contained a feature that would allow one to enter donated items and directly look up their value based on condition (e.g. men's slacks, good condition) entirely within the TurboTax program. This capability existed in TurboTax 2024 and for some (to me) unknown years before; I know I personally used it for quite a few years. I suspect this was done using TurboTax program calls to ItsDeductible or by leveraging the data tables from same, but I won't pretend to know how Intuit architected it. During that time, TurboTax gave the options of a) using ItsDeductible to value the items, b) importing items previously valued in "standalone" ItsDeductible, or failing that, c) allowing one to self-value items that were not otherwise listed/found. With the demise of standalone ItsDeductible (my option b), option a also disappeared. It is this loss that I believe several of the more recent contributors to this board have discovered after they've purchased and installed TurboTax 2025. I don't think I've ever used "standalone" ItsDeductible to value donations as they are made, as I've always waited to value donated items in TurboTax between January and April as part of completing taxes for myself and a few others I've worked with. I can thus see how "standalone" ItsDeductible users should have discovered its demise in 10/2025 or earlier if they saw notices, but for others like me, that discovery didn't occur until this year. Hopefully this clarifies things.
Total tax liability for 2024 was $ 2,508 and we did not make any additional estimated payments during 2025.  We only paid $ 671 through payroll deductions.  I think we owe the penalty, but turbo tax ... See more...
Total tax liability for 2024 was $ 2,508 and we did not make any additional estimated payments during 2025.  We only paid $ 671 through payroll deductions.  I think we owe the penalty, but turbo tax says we do not.  Any thoughts on why turbo tax is claiming the exception on form 221?  Thanks!
same issue, talked to and exchanged email with Interactive Brokers support, they say tax forms are completed (and pdf of 1099 is available in Reports),   but still no solution for the Turbotax rep... See more...
same issue, talked to and exchanged email with Interactive Brokers support, they say tax forms are completed (and pdf of 1099 is available in Reports),   but still no solution for the Turbotax reply that "IB forms not available yet" 
I see for 2023 there is a form 6329-S and 5329-T.  My wife contributed but had no income (except social security).  We need to fill out the form for a 5000 excess and pay the penalty.
I had problems with Premium Turbotax 2025 desktop running after I installed it. My problem was with an old version of Webroot antivirus software. If I inactivated Webroot then Turbotax worked.  I did... See more...
I had problems with Premium Turbotax 2025 desktop running after I installed it. My problem was with an old version of Webroot antivirus software. If I inactivated Webroot then Turbotax worked.  I did this for a month or 2.  Later, I deleted webroot and installed a new version.  Turbotax worked even when Webroot was active.   Other's had problems with Visual Studioi C++ libraries being out of date.   I efiled my taxes using Turbotax desktop late February,   I did not have problems loading or efiling with Turbotax 2024 last year.    I can understand your reluctance.  Intuit seems to be pushing people to use the online version.  I get the impression they have not put as much resources in identifying and fixing problems on the desktop version.    They were helpful identifying the problem but took about 1.5 hours to get there.  
@DawnC    Hi - I am currently working on MY tax return in TurboTax and have a follow-up question.  Please advise. Thanks!   1. I did not enter anything for "Form 1099-Q" under "Deductions & Credi... See more...
@DawnC    Hi - I am currently working on MY tax return in TurboTax and have a follow-up question.  Please advise. Thanks!   1. I did not enter anything for "Form 1099-Q" under "Deductions & Credits / Education" section in TurboTax.   2. Per your earlier advise, how do I apply the $5250 (from 1099-Q Box 1) to tuition, in TurboTax "Deductions & Credits / Education / Form 1098-T" screen, so that only $3000 is used for LLC? I enclosed a screenshot from TurboTax "Form 1098-T" screen for reference. As you could see, Box 1 states "Enter the exact amount that's in your form". So, I am bit confused as to how to adjust the Box 1 so that only $3000 is used for LLC.  
If your only distribution was the $17.046 and that amount was converted to Roth, make sure that nothing is present on the 2025 line of the Line 4 Smart Worksheet on TurboTax's Form 8880.  If you answ... See more...
If your only distribution was the $17.046 and that amount was converted to Roth, make sure that nothing is present on the 2025 line of the Line 4 Smart Worksheet on TurboTax's Form 8880.  If you answered Yes to TurboTax's question in the Retirement Savings Contributions Credit section that asks if you received distributions after 2022, do not enter any amount that was converted to Roth.  In fact, do not enter anything in the 2025 box since TurboTax TurboTax populates that box automatically.   If I understand your transactions correctly and assuming that you file Single, your Form 8880 should look like this:  
I was reviewing my CA state tax and found an underpayment penalty. On the CA Form 5805, under the heading "If you meet any of the following conditions, you do not owe a penalty..." One of the condit... See more...
I was reviewing my CA state tax and found an underpayment penalty. On the CA Form 5805, under the heading "If you meet any of the following conditions, you do not owe a penalty..." One of the conditions is "At least 90% of the tax shown on your 2025 return or 100% of the tax shown on your 2024 return..." The tax code says you must pay the lesser of the two conditions above to avoid an underpayment penalty.    I paid more than 90 percent of tax due on the current return but I did not pay the amount shown on last years return.  In my case, I paid "at least" 90% of current year, but Turbo tax added a penalty. On the form 5805, Turbo tax will not allow me to enter the quarterly estimated taxes that I paid in planning for taxes on interest and investment income anticipated for the tax year. Line 8 of part 2 on this form is there for estimated taxes. This is under the "short method" but turbo tax does not let me enter data in this section. The 5805 worksheet II, shows required installments that do not appear to correlate with any imported document or anything I entered. I do not know where Turbo tax came up with these required installments. If turbo tax uses this worksheet to calculate the penalty, this might be the cause but I do not see any way to correct this worksheet.   Appreciate any help?    
I have entered the house and land in the Asset Entry worksheet. The Premium TT asks to include the house and land on line 4 and then break out the land on line 8 and I have done so.  On Disposition l... See more...
I have entered the house and land in the Asset Entry worksheet. The Premium TT asks to include the house and land on line 4 and then break out the land on line 8 and I have done so.  On Disposition line 21 and 22 I list the Asset Sales price and expense of sale; then on line 24 and 25 I list the Land Sales price and land expense of sale. Line 34 shows the correct Land Gain/Loss.   Form 4797, however, shows the land and house combined in Part III.  Land should be showing in Part I.  How do I fix this ?
*edited* Never mind, fixed the issue.
The cheat sheet has 3 columns.  The first is the total cost of vehicle business and personal.  The second column is all business cost and the third is personal.  The only column i used was the middle... See more...
The cheat sheet has 3 columns.  The first is the total cost of vehicle business and personal.  The second column is all business cost and the third is personal.  The only column i used was the middle,  the business column. And the percentages at top is what you times the total amount to figure out the business vs personal.  So in your case it would be 14% and 86%. And depreciation for personal use doesn't matter.  But that screen looks a lot different now.  I do remember you are not supposed to do this from the schedule c. I hope that isn't how it is now.  It used to be under less common business situations > sale of business property. It triggers a form 4797 and marks the property as sold.  The next year, it was removed from my taxes but my new vehicle i added was still on my schedule c.  
Due to a 4th quarter IRA withdrawal (for which I sent a check in to pay for tax), I chose to annualize my income, so I was not penalized for not withholding more in the previous 3 quarters.  All work... See more...
Due to a 4th quarter IRA withdrawal (for which I sent a check in to pay for tax), I chose to annualize my income, so I was not penalized for not withholding more in the previous 3 quarters.  All worked fine on the Federal filing.  However, form 760C on the VA form is only partially filled in (lines 15, 18 and subsequent lines are blank).  It also turned out that the 760C wasn't included with the efiling of the VA return.  Virginia charged me a penalty (sent me a reduced refund) since there was no indication that my income rose abruptly in the 4th quarter from the IRA withdrawal.    I have to amend my return for another reason and would like to try to correct the lack of 760C filing.  It sounds like this has been an issue in past years but I found no solution.    Can I try to fill in the VA 760 form myself going into the form section and include with the amended return?  
@urban1960 , thank you for being so patient with me .  However, I am not sure we are on the same page -- see my  figures above.   I am ( and  you should also ) look at this transaction as two sep... See more...
@urban1960 , thank you for being so patient with me .  However, I am not sure we are on the same page -- see my  figures above.   I am ( and  you should also ) look at this transaction as two separate transaction --- like owning a duplex and then swelling the whole building.  What I see : For US purposes : For your portion of asset :          1. An asset owned by you  with a basis of US$19,000  ( half of the building original basis of US$38,000 ).           2. You sold this for US$85,000  ( half of  the selling price -- US$170,000 -- for the whole  property ).          3. You US gain therefore is  US$66,000. For inherited portion of the asset :           4. The stepped up basis is   ( original 19,000 plus step-up 46,667 --- 1/2 of the step up show on your post -- only mother's portion gets step-up )  US$65,667.   Does this make sense  or am I mis-interpreting the situation.  Please give me the  best  FMV of the property at the time of passing of your mother and only her portion gets step-up.             5.  The sale proceeds  attributable to this  is US$85,000.              6.  Thus total gain for all six of you is  85,000 - 65,667 = 19,333.  You share of the  gain ( 1/6th.) is  US$3223.   Does the above make sense ?   For Indian purposes and assuming NO INDEXING,             7.  You say the total Indian Tax is expected to be US$22,000 --- for which part .  AS I see it                        (a)   Using original basis of  US$38,000 and a sale price of US170,000--- total gain is  132,000. Therefore at 12.5%, the tax levy should be somewhere like  US$16,500.                       (b) Assuming that is correct  your share of the  Indian tax  = US$8250 + US1375  ( for the  1/6th of the mother's portion )-- a total of  US$9625.   So my figures must be wrong -- it is too far from your figures -- what am I missing. Please could you follow my method of dividing up the prop. into two sales as above.   In any case , I don't see why you need HTKO --- please can you help me with your understanding--please ?   Namaste ji   pk
After trying to research this issue online since no help has come from TT, it's apparent this is a significant software error. One which actually prevents core functionality (completing and submittin... See more...
After trying to research this issue online since no help has come from TT, it's apparent this is a significant software error. One which actually prevents core functionality (completing and submitting taxes online) for what is paid for.  We've gone over our taxes interview section by interview section, form by form, and consulted online forums and IRS pubs, but no solution has been illuminated, just the lack of a solution (and id'ing it to a TT bug.)   TurboTax Support:  Printing taxes and mailing a paper copy is not  an acceptable alternative. This is a priority issue that needs a real fix asap. Pri1 bug.  Please advise as to when that will be (as in, the next few days).
correction - "Was your answer to the market value on 12/31/25 bigger than the total of your basis on Form 8606?" is not quite the right question - but hopefully you get the gist - did you have pre-ta... See more...
correction - "Was your answer to the market value on 12/31/25 bigger than the total of your basis on Form 8606?" is not quite the right question - but hopefully you get the gist - did you have pre-tax dollars in your IRA?
if it's partially taxable that usually indicates you had pre-tax dollars in your IRA(s) not covered by the basis so the Roth conversion is considered taken from both pre-tax and after-tax dollars in ... See more...
if it's partially taxable that usually indicates you had pre-tax dollars in your IRA(s) not covered by the basis so the Roth conversion is considered taken from both pre-tax and after-tax dollars in a pro rata manner.  Was your answer to the market value on 12/31/25 bigger than the total of your basis on Form 8606?
No, your federal refund would not affect a state penalty.   How much was your AZ total tax in 2024?   To avoid an Arizona state underpayment penalty, ensure your total withholdings and timely estimat... See more...
No, your federal refund would not affect a state penalty.   How much was your AZ total tax in 2024?   To avoid an Arizona state underpayment penalty, ensure your total withholdings and timely estimated tax payments equal at least 90% of your current year's tax liability or 100% of your previous year's tax (110% if AGI > $150,000).