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Friday
Have you entered any information that would lead the program to believe that you are in Canada? I would double check the address that you have entered.
Friday
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Friday
The best way to enter multiple 1098s due to a refinance is to add them together - to create one 1098 out of them. The amount of the property that is financed should just be one number since the two ...
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The best way to enter multiple 1098s due to a refinance is to add them together - to create one 1098 out of them. The amount of the property that is financed should just be one number since the two forms are for the same property.
I would advise you to amend the tax return and go back through and delete the 1098s that you originally entered and replace them with the one combined 1098. This should give you a correct value and show the amount that you should have paid. Filing that return and paying the taxes due will solve the problem (although you may still receive a bill for penalties and/or interest from the IRS).
Friday
Maybe, but it is technically a tax credit, not a deduction.
Under the Residential Clean Energy Credit, you are eligible for a credit equal to 30% of your total system cost if the system is ins...
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Maybe, but it is technically a tax credit, not a deduction.
Under the Residential Clean Energy Credit, you are eligible for a credit equal to 30% of your total system cost if the system is installed and operational by December 31, 2025.
To qualify for this credit:
Your system must have been installed and ready to use by December 31, 2025.
You must own the system (purchased with cash or a loan). If you are leasing the panels or have a Power Purchase Agreement (PPA), you cannot claim the credit.
It must be install on your main home or a second home you use as a residence.
The credit is Non-Refundable but can be rolled over. This means if you owe $10,000 in taxes but have a $16,500 credit, you will only be able to use $10,000 of the credit this year. However, you can carry over the remaining $6,500 to the next tax year (2026) to reduce your taxes then.
See this TurboTax article for more information.
Friday
If you e-filed the 2025 federal and state tax returns at the same time, they are both Pending until the IRS starts accepting federal tax returns on 01/26/2026.
Friday
Are you trying to print Schedule SB? If so, the print version of this Schedule will not be ready for another week or so.
Please see this link "TurboTax Forms Availability" to follow the estima...
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Are you trying to print Schedule SB? If so, the print version of this Schedule will not be ready for another week or so.
Please see this link "TurboTax Forms Availability" to follow the estimated due dates, (which can change so check often).
Otherwise, do you have any entries in Schedule SB on lines 12 through 15? Entries on these lines can cause the value on line 16 to go to zero.
The Wisconsin instructions state "If you (or your spouse if married and filing a joint return) were at least 67 years old as of December 31, 2025, you may subtract retirement income from a qualified retirement plan or individual retirement account (IRA) that is federally taxable and has not been removed from Wisconsin income on lines 12 through 15 of this schedule."
Friday
There is no single TurboTax product that will do both a Form 1065 partnership return and a Form 1040 personal return. You would need TurboTax Business (not Home & Business) to do the 1065. All of the...
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There is no single TurboTax product that will do both a Form 1065 partnership return and a Form 1040 personal return. You would need TurboTax Business (not Home & Business) to do the 1065. All of the other TurboTax editions are for personal 1040 returns.
TurboTax Business is available only as desktop software for Windows.
Friday
Box 14 is informational and is informing me the the tip amount, my job qualifies by IRS Guidelines. It’s an error in the TurboTax system, only recognizes box 7
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Friday
What did your original return show? Did you include the foreign income on the original return or did you take a foreign tax deduction? If you claimed a deduction and are switching to a credit, yo...
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What did your original return show? Did you include the foreign income on the original return or did you take a foreign tax deduction? If you claimed a deduction and are switching to a credit, you are correct, you have 10 years to claim the foreign tax credit and any refund that is due to THAT CREDIT ALONE. If you claimed any other credits or made any other changes (such as correcting your reported income) these changes would be limited to the 3 years. The 10-year period applies to claims for refund or credit based on:
"Fixing math errors in figuring qualified foreign taxes,
Reporting qualified foreign taxes not originally reported on the return, or
Any other change in the size of the credit (including one caused by correcting the foreign tax credit limit)."
Friday
The Full Service option is for both the federal and state tax returns, it is not one or the other.
Go to this TurboTax website for Full Service - https://turbotax.intuit.com/personal-taxes/online/#...
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The Full Service option is for both the federal and state tax returns, it is not one or the other.
Go to this TurboTax website for Full Service - https://turbotax.intuit.com/personal-taxes/online/#fullservice
Friday
1. using Online version, using Windows, Chrome Browser 2. ok, thanks, seems to be other users with same problem 3. Would rather not since would have my other personal info/incomes posted. Eac...
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1. using Online version, using Windows, Chrome Browser 2. ok, thanks, seems to be other users with same problem 3. Would rather not since would have my other personal info/incomes posted. Each time I do re-open sections though for "not started", my previous entered info is still there.
Friday
I don't ever plan on selling. Beneficiaries will inherit plenty on this home! Having said that, the house upgrade costs are only going to be about $1,000. Also, I'm in a very low tax bracket. Perhap...
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I don't ever plan on selling. Beneficiaries will inherit plenty on this home! Having said that, the house upgrade costs are only going to be about $1,000. Also, I'm in a very low tax bracket. Perhaps just 60K of income for 2026.
Friday
Contact the issuer and tell them rental income goes in box 1, this includes the rental cancellation fees you collected. They should issue a new 1099-MISC with the income in the correct box.
Friday
The Form 1099-R section is estimated to be finalized and available in TurboTax on 01/21/2026.
TurboTax forms, schedules, worksheets and calculation are dependent upon the IRS approval prior to ...
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The Form 1099-R section is estimated to be finalized and available in TurboTax on 01/21/2026.
TurboTax forms, schedules, worksheets and calculation are dependent upon the IRS approval prior to a software release. Approvals are directed by the IRS and there no such thing as blanket approval on 01/01/2026. Even the IRS has forms and schedules which are not yet finalized.
The IRS will not be accepting any 2025 federal tax returns until 01/26/2026. Expecting millions of tax returns will be flooding the IRS servers so not All tax returns will be accepted the first day.
Friday
Yes, if they are both for the same person then add them together.
Friday
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Friday
When did your spouse pass? Do you have any children? You can file a Joint return as normal the year your spouse died. For the next two years following a husband's or wife's death, the surviving ...
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When did your spouse pass? Do you have any children? You can file a Joint return as normal the year your spouse died. For the next two years following a husband's or wife's death, the surviving spouse can file as a qualifying widow or widower if they have a qualifying child. That basically lets you continue to use the same tax brackets that apply to married-filing-jointly returns. After the year of death if you don't have a child you file as Single. And then next year start over with a new return and new account. And don't transfer from the Joint return.
Friday
Go through the entries as if you made $1 of income to force open the forms you need. The program must believe it was a rental for allow you to use those forms.
Friday
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