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@aheiler34 wrote: Is splitting the W2 legal for dual tax status and complications? It says enter exactly as is on the W2. I understand that if it adds up then it is the same and actually an attempt to pay taxes correctly. I have the same situation that TT Premier 2025 isn't handling correctly at all. The clergy interview is absent. Any information on updates coming? When?   Thanks, Dre If you are in a situation where you were a regular employee for part of the year (with regular withholding of social security and medicare tax) and a clergy employee of the same organization (with no withholding of social security and medicare), turbotax can't prepare a correct return automatically.  The only way to get Turbotax to work is to split your W-2 into two--one for regular employee and one for clergy employee. This is the routine way to do it.  I don't know if it increases your risk of audit, it's just the only way it works.  The IRS is mainly going to be concerned that your box 1 and box 2 numbers add up.   I have not checked to see if the housing allowance question is enabled yet, there's no reason it wouldn't be since it hasn't changed from last year.  When entering the clergy W-2, there should be a page listing special circumstances -- check the box for religious wages.  (Do not check this box for the W-2 that covers wages you were paid as a lay person.)

If the tax is deductible, you can enter it under Deductions and Credits, then Cars & Other Things You Own, and finally, Personal Property Taxes.   Generally, excise taxes can't be deducted on your personal return.   Business related excise taxes are generally deductible on a business return.     However, some states and localities erroneously label excise taxes as personal property taxes, which may be deductible.   For example, some states refer to certain vehicle registration fees as an excise tax.   Excise taxes imposed on personal property (vehicles, campers, boats, RVs, etc.) are an allowable deduction if two conditions are met: The excise tax is determined by the property's value, usually a set percentage. The excise tax is imposed annually. Can I deduct an Excise Tax?  

I also prefer a desktop version with no cloud involved, but this is likely to become a thing of the past. I think TT is the only one still offering a program that runs entirely on a PC. Every other product I see is cloud based. The right way to do this IMO, is for the PC to save a snapshot of the return at the end of each tax session, and then wiping all personal data from the servers. This would minimize exposure to data breaches to a brief few hours instead of the years long continuous exposure of cloud storage, and its not just one server controlled by one company. I trust the security of my local backups more than the moving target of cloud security.  

Do you have a 1099R?   You will need to enter a 1099R----the software should update for 1099R entries on 1/21     To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.  

You have two types of losses here - passive loss and an active investment loss.  The passive loss has carried forward and accumulated for the life of the investment but can never exceed what you actually have invested in the LLC.  In other words, you can't lose what you have not invested.     Your basis in the investment should be $50,000 unless there was some other contribution into the business made on your behalf.  The maximum loss that you can deduct is the amount that you have invested in the company.  That's the actual amount that you lost.  If there were other contributions made on your behalf into the company then those would increase your basis or investment in the company and increase the amount that you lost.  Otherwise, your maximum loss deduction for the year is your initial investment or $50,000.   @gnorby 

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. @Kawsaw

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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.   You will want to watch for IRS Form 5695, Residential Energy Credits. 

1. It depends. The standard deduction  (2025) for a dependent is earned income  plus $450. If he is not your dependent, he would get the full standard deduction.   1b. As for the kiddie tax, a non-qualified withdrawal of the earnings portion can trigger the kiddie tax. 2. Yes, kiddie tax is eliminated at age 24 and would be taxed at his tax bracket level rather than the parents. 3. The scholarship exception is the perfect start. NO IRA, no sibling, no student loan debt, simply leaves timing. The money must be out by age 30 so the timing and moving of the money is at your discretion.    Additional information: Age 23 dependent:  Child’s Net Earned Income + Child’s Net Unearned Income – Child’s Standard Deduction = Child’s Taxable Income For 2025, earnings above $2,700 are taxed at the child’s parents’ marginal tax rate. 

I experienced the exact same problem and when I signed up for the email I got a response back moments later the form 3903 is now available. Turbo Tax needs to get their "TaxAct" together. 🤔 🤣 🤣 I read in another post that a moderator mentioned (hearsay) January 21st as a release date for the update that will fix 1099-R I'm interested to see if I'll have to pull the information from my 2024 return a second time because it's not there currently at least visibly.  The first available date to file with the IRS is January 26.