All Posts

Maybe you are waiting for some forms.  Click Review to see if you are missing some forms needed in order to e-file.   Many federal and state forms are not yet available.  Check here for form availability. The dates are subject to change.   Tax form availability tool     Be patient.    IF you e-file now, your return will go into “pending” until the IRS starts to accept/reject returns in late January. You cannot make any changes while the return is on the server. The IRS will start to accept/reject 2025 e-files on January 26.   And….a state return cannot be accepted until after the IRS accepts your federal return.

Using the TurboTax Free online editions as a test bed, entered information for a W-2 to include using box 12 with a code of D for 401(k) Deferrals and a deferral amount of $23,500.  Clicked on Continue at the bottom of the page without any errors being presented.   I am using Google Chrome  Version 143.0.7499.193 with no issues with the TurboTax online editions. If you cannot resolve this problem by changing browser, you will need to contact TurboTax support for assistance. See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=lfgviwbm

For what tax year?     You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2025 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US   https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0   You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.      

Normally, there is no way to install a TurboTax 1040 individual program for 2025 on a W10 computer. The workaround is to create a W11 virtual machine on the computer. Instructions are available on the web.  

You can find your capital loss carryover on last year's tax return.   Look at last year's Schedule D, specifically lines 16 and 21.   If line 16 (treat the loss as a positive amount) is greater than line 21, you have a carryover.      The IRS allows you to deduct up to $3,000 ($1,500 if married filing separately) of net capital losses against other types of income annually, and any unused losses can be carried forward to future years.    Also, if you used TurboTax last year, the amount, if any, should auto-populate for you.   Am I entitled to a capital loss carryover from last year's return?

The IRS will begin accepting and processing 2025 tax returns on Monday, January 26, 2026.    Since the IRS has not finalized all forms and instructions yet to reflect the new tax laws, TurboTax cannot finalize the software.   While you can start preparing return in TurboTax, the return cannot be officially e-filed until the IRS systems are open for the season.   Please note: If you start preparing your return now, be aware that the calculations made by the software may not be accurate and might change.    You can use this link to reference when specific tax forms will be available. You can search by TurboTax Product and for IRS and state-specific forms.

Did you use TurboTax in 2024? If so, the amount should have transferred.  You can use the worksheet on page 10 of the Schedule D instructions to compute them.  https://www.irs.gov/pub/irs-pdf/i1040sd.pdf     

The IRS has not finalized all forms and instructions yet to reflect the new tax laws. TurboTax cannot finalize the software until after the IRS publishes all the necessary guidance.  TurboTax will then need time to make the updates to the software.    While you can start preparing return in TurboTax, the return cannot be officially e-filed until the IRS systems are open for the season. The IRS will begin accepting and processing 2025 tax returns on Monday, January 26, 2026.    Please note: If you start preparing your return now, be aware that the calculations made by the software may not be accurate and might change.    You can use this link to reference when specific tax forms will be available. You can search by TurboTax Product and for IRS and State-Specific Forms.   @ThisAintRightMan 

  https://www.irs.gov/individuals/understanding-your-cp59-notice     DID YOU E-FILE?   Did you e-file?   Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”     When you e-file your return you will get two emails from TurboTax.  The first one will say your return has been transmitted; the second one will tell you the IRS has accepted  or rejected your federal e-file.  If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.   Check your e-file status:   https://turbotax.intuit.com/tax-tools/efile-status-lookup/    What does it say in your account?  Does it show that the return was accepted?   Or does it say something else---like "rejected," "printed," or "ready to mail?”   If you discover or realize that your e-file was rejected, you will need to print it, sign and date it in ink, and file it by mail now, since e-filing is closed for returns for tax year 2024. @megangwin

This is unusual because TurboTax is supposed to optimize between the standard deduction and itemizing. This is true even if you entered them. The only way this should happen is if you checked the box "must itemize".  The only time this is necessary is if your filing status is married filing separately and your spouse itemized