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I am using Turbotax online for Windows.   During Federal Review Step, I get a prompt that indicates "Needs Review". When I go to "fix", I'm taken to  one of my K-1 worksheets   I'm instructed to enter a Passive Operating Loss. 1) Not sure why is wasn't automatically calculated? 2) Unfortunately, no matter what I enter, after I click continue, I'm taken right back to the same place on the same K-1 worksheet.    I've seen other post this issues over a month ago some have indicated entering "0" worked for them. I've tried entering 0, I've entered other values that I calculated, but it just keep getting sent back to the worksheet with instructions to enter a Passive Operating Loss.   I was able to skip this step and then continue with State return, but final review step returns the same "Need to Review" so I'm unable to submit my taxes. Have others found a fix???   Any suggestions?

Hi, For WA resident, employer automatically deduct 0.58% from paycheck that goes to WA care fund. It seems this is considered as state tax and can be used as deductible on Federal Return. People saying it should shows up in Box 14 and then I can enter it on TurboTax. However, my wife's W2 does not have a number in Box 14. But her pay slips does have this items. So how should I enter this on W2. I got exemption before this was effective. So, I was paying LTC premiums myself. I also found this link which says I can enter it as medical expense. However, the when I tried it it only ask me if I spent more than certain amount last year and did not have the options as the link shows.   Thank you in advance

My previous employer had both a Roth401k and a regular 401k. And the money is in Vanguard (i.e., I can't upload the 1099-R and have to key everything in). I'm under 59.5 and last year I pulled out $10,000. Vanguard won't let you pull from just the Roth side - it pulls proportional amounts from each account, so I got $7600 from the Roth and $2400 from the traditional. Vanguard also withheld about $470 in taxes.  Like the subject says, the 1099-R has values of 2 & B in Box 7. Box 5 has $7600 in it. Turbotax is giving me an error because I shouldn't have a value of "B" in box 7b for an IRA. I couldn't find much info on this in the Community. One thing I found was when it asks if this is a Roth IRA to say "No." So technically that's true because it's a Roth401k. But then my taxes due go up by about $900, meaning I'm paying about $1400 on $2400 of taxable income. Which doesn't sound right. I contacted the Turbotax help line, and they suggested I break up the 1099-R info into two separate entries. Any ideas out there?

I’m using TurboTax Business.  I closed my single-person S Corp and liquidated property (some was sec 179 fully depreciated property and some was expensed as de minimis) as a “deemed sale” gain to me, the only shareholder.  How do I enter S Corp liquidated property in 1120-S without the deemed sale gain affecting the 1120-S ordinary business income?  I’ve tried entering in the “disposed property” section of TurboTax and also tried Form 4797 but neither works for reporting liquidated property as far as I can tell.   My understanding is that the S Corp reports the gain on the liquidation sale on a 1099-DIV to the shareholder but I’m assuming the IRS wants to know the original purchase price, purchase date, depreciation (if any), and gain for each liquidated asset as part of the 1120-S filing.  I don’t know how to enter that in TurboTax.