turbotax icon
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

Yes, for your sister the room and board is deductible as is the cost of care as an itemized medical expense because the primary reason for her stay is for medical purposes. Medical expenses are deduc... See more...
Yes, for your sister the room and board is deductible as is the cost of care as an itemized medical expense because the primary reason for her stay is for medical purposes. Medical expenses are deductible for the amount that exceeds 7.5% of your AGI so if your AGI is $100,000, then your medical expenses would only be deductible for the amount that is over $7,500.     You did switch and say can you deduct her room and board and care costs then ask if your sister can.  I am assuming you are asking if you can deduct it on her return.  However, if you are asking if you can claim the expenses on your, then that answer would depend on whether or not you can claim her as a qualifying relative. If you can claim her as a dependent, then yes, you would be able to itemize her medical expenses on your return.      Standard Deduction vs. Itemized Deductions: Which Is Better?      
To report.   Go to the Federal tab. Select Wages & Income. Scroll down to Investments and Savings. Click Start (or Revisit) next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.... See more...
To report.   Go to the Federal tab. Select Wages & Income. Scroll down to Investments and Savings. Click Start (or Revisit) next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.  TurboTax will first try to get you to log into an exchange (like Coinbase or Kraken). Since you don't have a 1099-DA, you should skip this.    Click Add Investments. When it asks "How would you like to add your investments?", select Enter a different way. On the "What kind of investment did you sell?" screen, select Cryptocurrency. Since you aren't importing a form, you have to tell TurboTax you are entering the info yourself. When asked "Did you get a 1099-DA or 1099-B?", select No (or select Yes and choose "I'll type it in myself" if the "No" option loops you back). For Institution Name, you can just type "Manual Entry" or the name of the exchange (e.g., "Coinbase"). Select One by one as the entry method. Enter the Sale Details: Description: e.g., "0.5 BTC" or "Ethereum". Date Acquired: The date you bought it. Date Sold: The date you sold/traded it. Proceeds: The USD value when you sold it. Cost Basis: What you originally paid (including fees).
If you are 59.5 you would not qualify for the senior bonus deduction.  This deduction is for people who were 65 or older at the end of 2025.  If you were not 65 or older, you do not qualify for the s... See more...
If you are 59.5 you would not qualify for the senior bonus deduction.  This deduction is for people who were 65 or older at the end of 2025.  If you were not 65 or older, you do not qualify for the senior bonus deduction.  If you are talking about another deduction, please respond with more details.         
If you didn't take your RMD, TurboTax will fill out Form 5329 for you and attach it to your tax return.  To do this, follow the steps below:   Sign in to your return - Continue in Wages & Inco... See more...
If you didn't take your RMD, TurboTax will fill out Form 5329 for you and attach it to your tax return.  To do this, follow the steps below:   Sign in to your return - Continue in Wages & Income. Search for 1099-R and use the Jump to link and answer the questions about disaster distributions. On the Did You Miss a Required Distribution From Any Retirement Accounts? page, choose the type of account you have. Continue through the questions about your RMD We can help you file a waiver if you have a reasonable cause.   
Great post.  I agree with every word.
I’m trying to report in TurboTax Desktop the sale of my rental property that tenant had moved out in 2004. In 2025 the property had 0 rental days and 0 personal use days. I never lived in the home. I... See more...
I’m trying to report in TurboTax Desktop the sale of my rental property that tenant had moved out in 2004. In 2025 the property had 0 rental days and 0 personal use days. I never lived in the home. I began remodeling at the beginning of 2025 to prepare the property for sale, and the sale closed in June 2025.   From my understanding, since the property wasn’t rented or available for rent in 2025, the remodeling costs can’t go on Schedule E and must be added to the adjusted cost basis.   When I go through the Sale of Property / Depreciation section, TurboTax keeps looping me back to the Your Property Assets list. I cannot find the screen where I’m supposed to enter the adjusted basis (original cost + 2025 improvements – depreciation) for a rental that was sold in a year with no rental activity. Can someone tell me about the exact path in TurboTax Desktop to enter the adjusted basis for this type of sale? Thank you.
Please clarify. What version of TurboTax are you using? Home & Business or Online? Are you self-employed?   If you are self-employed and will be reporting income and expenses in Schedule C, enter... See more...
Please clarify. What version of TurboTax are you using? Home & Business or Online? Are you self-employed?   If you are self-employed and will be reporting income and expenses in Schedule C, enter the Form 1099-NEC in the self-employment section of Income in TurboTax.   If you are not generally self-employed but some independent earnings were reported to you on Form 1099-NEC, and you don't have expenses to report, you can enter the form in the Other Common Income section of TurboTax under Income from 1099-NEC.    You mentioned an "employer". If you have a W-2 employer who reported some payments on Form 1099-NEC (which probably should have been included on your W-2), enter the form in Other Common Income or in Other Reportable income. Answer the questions so that TurboTax doesn't classify the payment as self-employment.   See this TurboTax tips article for more information.   I just added a 1099-NEC to a return in Home & Business following these steps:   Go to the Business section Select Update next to Profit or Loss from Business Select Edit next to the business you are working on  Select Business Income and 1099-NEC Select Start or Update  Click the button to Add another 1099-NEC if appropriate Continue through the entry screens @user17744746020 
Thank you.  Those numbers weren't on my 1099s.  But if I totaled up the "U.S. government interest, if any, included in box 1a" from all the 1099-DIV worksheets, that added up to $801.  So as you said... See more...
Thank you.  Those numbers weren't on my 1099s.  But if I totaled up the "U.S. government interest, if any, included in box 1a" from all the 1099-DIV worksheets, that added up to $801.  So as you said, it came from me looking up how much of the interest from my government money market funds was from the U.S. government.  Since one of those funds was less than 50%, I now know how to adjust the adjustment. Gotta say though, that it would help if the program explained it a little better.
I'm on a Mac and followed the instructions provided by user[phone number removed], it worked perfectly!
I have run into this issue a couple of times.  The only solutions I have found are to either switch to the Desktop program or Clear and Start Over.  If you choose clear and start over, be sure to cle... See more...
I have run into this issue a couple of times.  The only solutions I have found are to either switch to the Desktop program or Clear and Start Over.  If you choose clear and start over, be sure to clear your browser's cache and cookies, then close and restart your browser after you clear your return and before you start over.     To clear and start over in TurboTax Online, sign in and select "Tax Tools" in the left menu, then choose "Tools" and "Clear and Start Over". This option is only available if you haven't paid or registered.   To purchase and download the desktop program go to:  Which TurboTax Desktop software product is right for you?   
I don't want to rule out TT screwing something up but this is generally working fine - you need to answer the questions after the 1099-R summary screen to identify that you did a Roth conversion.  re... See more...
I don't want to rule out TT screwing something up but this is generally working fine - you need to answer the questions after the 1099-R summary screen to identify that you did a Roth conversion.  retrace how you answered those and if still having an issues please post more details here.   here are the steps https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US
The IRS home Energy Credits says  “Costs of certain electrical components needed to support the residential energy property, including panelboards, sub-panelboards, branch circuits, and feeders, also... See more...
The IRS home Energy Credits says  “Costs of certain electrical components needed to support the residential energy property, including panelboards, sub-panelboards, branch circuits, and feeders, also qualify for the credit if they meet the National Electric Code and have a capacity of 200 amps or more.). The problem is the QIMD code.   Many manufacturers doesn’t have one..    FORM 5695 doesn’t ask for one for a panelboard,  The person who says it’s not needed is correct.   turbotax you need to update the software so we can file our taxes.  
For most students, it's important that taxable scholarship income be entered in the right place on the tax forms.   Scholarships are a hybrid between earned and unearned income. It is earned inco... See more...
For most students, it's important that taxable scholarship income be entered in the right place on the tax forms.   Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $15,750 filing requirement (2025) and the dependent standard deduction calculation (earned income + $450).  It is not earned income for the kiddie tax and other purposes (e.g. EIC).  For grad students and post grad fellows, scholarship, stipend and fellowship income is earned income ("compensation") for IRA contributions.   Taxable scholarship goes on line 8r of Schedule 1, from which TT treats it as hybrid income.
I am sorry to get back to you so late but I wanted to run your instructions through on a second "copy".  I created the substitute 1099-R and it generated a Form 4852.     Now I have double the pena... See more...
I am sorry to get back to you so late but I wanted to run your instructions through on a second "copy".  I created the substitute 1099-R and it generated a Form 4852.     Now I have double the penalty on form 5329-T.   My original excess contribution came right off the Roth Contribution Limit Worksheet.  All I did was compute the additional other income and added it back to Sch 1.  Created a penalty and more excess Roth.  Then doing the above recommendation doubled it.
Nevada State Sales Tax is 6.850% Clark County Local Tax is 1.525% Total Combined Rate is 8.375%   Sales Tax & Use Tax - State of Nevada - There is a map on this website you can use to confirm... See more...
Nevada State Sales Tax is 6.850% Clark County Local Tax is 1.525% Total Combined Rate is 8.375%   Sales Tax & Use Tax - State of Nevada - There is a map on this website you can use to confirm.