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13 hours ago
I receive a K-1 from our 3 member LLC (taxed as partnership) that only owned one property. We sold it in 2025 after running losses that have been carried forward over several years. The 2025 K-1 has ...
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I receive a K-1 from our 3 member LLC (taxed as partnership) that only owned one property. We sold it in 2025 after running losses that have been carried forward over several years. The 2025 K-1 has 9.a. Net Long Term Capital Gain to reflect the sale, but I don't see how I'm supposed to trigger the online program to release the loss carryforwards that turbotax has been accumulating. I recall hearing that checking the box "I disposed of my interest this year" would cause that to happen. But I haven't disposed of the interest. We still have the LLC and will reinvest the cash eventually. Am I correct that we can release the carryforwards? How do I do it? Thanks!
13 hours ago
Certain categories of expenses will not be allocated between rental use and personal use. Try entering your rental-only expenses in the Miscellaneous Expense category.
However, you should also...
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Certain categories of expenses will not be allocated between rental use and personal use. Try entering your rental-only expenses in the Miscellaneous Expense category.
However, you should also be sure that you have accounted for personal use days correctly. If the property was converted from personal use to rental use, then you should not have any personal days entered unless you used the property personally after it was converted.
13 hours ago
My employer took Alabama State Tax from my wages, but I didnt work or reside in Alabama at all. TT has gone through the Alabama Nonresident return, but keep looping back to start instead of completeling.
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13 hours ago
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13 hours ago
I am running into the same issue. Apparently a bug. Can't believe Turbo Tax has such a simple bug a few days before 4/15. Please fix it asap or I'll have to do my tax return with a pen!
13 hours ago
My summary page with credits and deductions is showing $300 on a line called "Foreign and GST Taxes". I have zero foreign income or interest, and I'm not old enough to be gifting money by skipping ge...
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My summary page with credits and deductions is showing $300 on a line called "Foreign and GST Taxes". I have zero foreign income or interest, and I'm not old enough to be gifting money by skipping generations. I must have clicked something somewhere incorrectly in the fog of war that tax prep is. Can someone tell me where to go back to find where I made this mistake. I am at a loss. And I can't find a Form 1116 among the forms on my filing package. Help!
13 hours ago
1 Cheer
@baldietax wrote: even lower for Turbotax purposes we don't care globally - Win 10 share down to 21% in the US Yeah, it's pretty much toast for the 2026 tax year. People need to move on if th...
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@baldietax wrote: even lower for Turbotax purposes we don't care globally - Win 10 share down to 21% in the US Yeah, it's pretty much toast for the 2026 tax year. People need to move on if they want to use desktop tax prep software.
13 hours ago
1099-R form
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13 hours ago
OK, the code D indicates that these are distributions from a nonqualified annuity or an insurance policy. Were these distributions paid as a series of substantially equal periodic payments for li...
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OK, the code D indicates that these are distributions from a nonqualified annuity or an insurance policy. Were these distributions paid as a series of substantially equal periodic payments for life or for the joint lives of you and a beneficiary? If so, these distributions are not subject to penalty. Also, only the taxable amount shown in box 2a is potentially subject to an early-distribution penalty. If that amount is zero, there is no penalty. If either of these result in no penalty, just answer No when asked if the distribution was received before age 59½. If these were nonperiodic distributions, the distributions come first from taxable gains, so the the taxable amount is first applied to the amount distributed before age 59½. With nonperiodic distributions, after all of the gains have been distributed, your investment in the contract comes out tax and penalty free. If you must report only a portion of the taxable amount as being subject to an early-distribution penalty, you'll need to split the Form 1099-R into two for entry into TurboTax.
13 hours ago
First, the IRS never contacts taxpayers by email, phone, or text. So if the email claims you owe additional federal tax: beware of phishing. There are 2 things you should do:
Check your IRS...
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First, the IRS never contacts taxpayers by email, phone, or text. So if the email claims you owe additional federal tax: beware of phishing. There are 2 things you should do:
Check your IRS Online Account to see if you have been billed any additional federal tax.
Contact your State Department of Revenue to see if any additional taxes have been added to your state account.
See also: Taxpayer Beware: Email Phishing Scams
Question - did this email come from Intuit TurboTax? If so, we can help you make sense of this email, if you share more detail.
13 hours ago
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13 hours ago
I have a form 1099-B with Proceeds from Broker and Barter Exchange transactions, for Noncovered Securities. When I look at the details, on FORM 1099-B TOTALS Summary: Long-Term Gain or (losses)- R...
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I have a form 1099-B with Proceeds from Broker and Barter Exchange transactions, for Noncovered Securities. When I look at the details, on FORM 1099-B TOTALS Summary: Long-Term Gain or (losses)- Report on Form 8949, Part II. I have values in Box E (basis not reported to the IRS) Do I fill out in the 1099-B section or do I do it somewhere different? I have the Turbotax Premier version on my laptop. It was one sale date, but has about 25-30 rows with details on group of stocks sold.
13 hours ago
Click your name in MY INFO---go through the screens to the question that asks if you can be claimed as someone else's dependent and say YES.
13 hours ago
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13 hours ago
As the OP of the comment you responded to, I think you're on to something, which may be the easiest solution for Intuit's coders: How about an option in Forms or other tools such as Help to open a se...
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As the OP of the comment you responded to, I think you're on to something, which may be the easiest solution for Intuit's coders: How about an option in Forms or other tools such as Help to open a separate window to enable a side-by-side display, perhaps evoked with a right click on the function's button to bring up a context menu offering that choice? I would like that even better, especially when one needs to go back and forth several times between the views such as the scenario I described. In my example, that could have easily saved me ten to fifteen minutes, and it was only the last one of four or five other instances I experienced the issue for this year's taxes.
13 hours ago
Don't "Restart TT and Retry" unless you know where your *tax files are stored! When I did this, TurboTax lost connection to my taxes--which I had FINISHED--and tried to make me recreate them from scr...
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Don't "Restart TT and Retry" unless you know where your *tax files are stored! When I did this, TurboTax lost connection to my taxes--which I had FINISHED--and tried to make me recreate them from scratch. Fortunately we could find the .tax file (not the pdf, which I had also saved but which did not prove helpful in this case), and relink it to the current year TT....after having a heart attack and cursing a lot.
13 hours ago
How did you pay the federal taxes owed?
TurboTax does not pay the taxes for you nor does TurboTax ever receive a tax payment.
13 hours ago
This apparently is not the fault of TurboTax, rather the IRS' system. IRS has a spreadsheet of "Known Issues and Solutions" for TY2025. This has two entries for Form 5695 as of Dec 1, 2025, b...
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This apparently is not the fault of TurboTax, rather the IRS' system. IRS has a spreadsheet of "Known Issues and Solutions" for TY2025. This has two entries for Form 5695 as of Dec 1, 2025, both still open as of this post date (Apr 11, 2026). One entry for "Business Rules" notes, "Submission are being rejected by Business Rule X0000-005 with Form 5695 attached when a QMID contains letters I and/or O." and the other for "Schema" notes, "IRS5695 schema does not allow QMID fields to contain letters I and/or O." The present solution offered by IRS: "Taxpayers filing Form 5695 for Tax Year 2025, with a QMID containing letters I and/or O, should leave those QMID fields blank on the Form 5695 and attach to the return a binary attachment or [GeneralDependencySmall] with the description beginning with "Substantiate QMID". Provide the following in the statement: 1.) QMID provided by the qualified manufacturer. 2.) Cost associated. 3.) The line reference and small description for each item of specified property placed into service in 2025. This will allow for the IRS to accept such returns electronically. Please be aware that this may result in delays in processing the return, which can delay the refund." Without further information I can only speculate this is among what Elon Musk's DOGE Team reported last year, that IRS is using an antiquated system. This glitch has held up our refund along with refunds due an unknown number of Taxpayers. It is costing all of us real money.
13 hours ago
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...
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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
13 hours ago
Did you e-file your state tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.
You complete your tax return by ...
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Did you e-file your state tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.
You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".
After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.
Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.
To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product.
If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...