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Wednesday
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
Wednesday
You can file your taxes free with TurboTax Free Edition if you have a simple 1040 Form without any schedules except for Earned Income Credit, Child Tax Credit and Student Loan interest.
Here’s ...
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You can file your taxes free with TurboTax Free Edition if you have a simple 1040 Form without any schedules except for Earned Income Credit, Child Tax Credit and Student Loan interest.
Here’s the link to Start TurboTax for free.
Wednesday
What do you need to change? What question?
Wednesday
Try searching for the topic that you want to go to in the search box at the top right side.
Wednesday
For TurboTax Desktop, Home & Business:
Go to the Personal Tab
Select Personal Info
Select Retirement Plans & Social Security
Select IRA, 401 (k), Pension Plan Withdrawals (1099-R)
...
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For TurboTax Desktop, Home & Business:
Go to the Personal Tab
Select Personal Info
Select Retirement Plans & Social Security
Select IRA, 401 (k), Pension Plan Withdrawals (1099-R)
Select Yes on the screen “Did you get a 1099-R in 2025?”
Choose Something Else on the next screen
Select Skip Import
Select Financial Institution or Other Provider (1099-R) and Continue
You will be at the screen where you can type in your retirement distribution information.
Refer to the TurboTax article Where do I enter my 1099-R? for more details.
Wednesday
You can use your property tax bill or tax assessment to determine the value of the land. The value on the bill or assessment won't be accurate, but you can take the ratio of the land to the overall ...
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You can use your property tax bill or tax assessment to determine the value of the land. The value on the bill or assessment won't be accurate, but you can take the ratio of the land to the overall value and apply that to the fair market value of the property. For example, if your property tax assessment says the total value of the property is $100,000 and the land is $40,000. The actual value of the property is $150,000, you would take 40% of $150,000, or $60,000.
Wednesday
ps I tried the edit button but could not enter the 3000.
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Wednesday
I have two children in college and received a 1098-T for each of them. For one of them, I paid the college directly and was reimbursed from their 529. I received a 1099Q for this distribution. The ot...
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I have two children in college and received a 1098-T for each of them. For one of them, I paid the college directly and was reimbursed from their 529. I received a 1099Q for this distribution. The other did not use a 529 account. When I enter the 1099Q for child 1, and the 1098-T for child 1, it shows a partial AOTC. This is correct since I didn't have the full $4,000 difference between the two payments. When I enter the 1098-T for child 2, it shows the same AOTC as child 1! It appears that Turbo Tax is using child 1's 1099Q for calculating the AOTC for child 2? I have more than $4000 in expenses for child 2, so I should get the full $2,500 credit, right? If I delete the 1099Q, both children's American Opportunity Credit go up to $2,500. If I add the 1099Q back, both children's credits drop to $2,315. How do I fix this?
Wednesday
What a bummer!!! Why would they remove being able to upload 1099-R pdf's? I asked my browser's Search Assistant about Turbotax 2025 vs. 2024 and it replied. Many users have reported that the...
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What a bummer!!! Why would they remove being able to upload 1099-R pdf's? I asked my browser's Search Assistant about Turbotax 2025 vs. 2024 and it replied. Many users have reported that the TurboTax 2025 version has deteriorated in quality and user experience compared to 2024, citing issues like inefficient processes and difficulties with importing data. This has led to dissatisfaction among long-time users who feel the software is no longer intuitive or user-friendly. You can say that again!
Wednesday
I put up a block of money for the Director to use for costumes, camera rentals, location fees, etc
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Wednesday
Check back this weekend @andyzhen . It will be a part of the next update, which happens at least every Friday night.
Wednesday
You cannot deduct your rent. It doesn't matter if you are a student or not. If you bought a new vehicle in 2025 that was assembled in the United States, you can deduct up to $10,000 in interest on ...
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You cannot deduct your rent. It doesn't matter if you are a student or not. If you bought a new vehicle in 2025 that was assembled in the United States, you can deduct up to $10,000 in interest on a loan for that vehicle. Otherwise, you cannot deduct interest on a car loan.
Wednesday
1 Cheer
You wouldn't include the 48 days of vacancy in the "number of days rented out" field, or the "personal use" field. It will not be included in any of the fields.
Here's a direct link to the IRS...
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You wouldn't include the 48 days of vacancy in the "number of days rented out" field, or the "personal use" field. It will not be included in any of the fields.
Here's a direct link to the IRS instructions on this specific section:
Sch E (1040) instructions
Wednesday
Ran into the same issue, even though I answered 100% for the percentage: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/got-incorrect-the-net-profit-for-your-real-estate-work-was...
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Ran into the same issue, even though I answered 100% for the percentage: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/got-incorrect-the-net-profit-for-your-real-estate-work-was-zero-or-[product key removed]-you-can-t-claim/01/3876741#M369421
Wednesday
Whether or not you can deduct the property tax "paid" at closing depends. If some or all of the tax was to set up your escrow account, that is not deductible, as you didn't actually pay the tax, you...
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Whether or not you can deduct the property tax "paid" at closing depends. If some or all of the tax was to set up your escrow account, that is not deductible, as you didn't actually pay the tax, you just set money aside in your escrow account so the mortgage company could pay the tax when due. If you paid prorated tax as reimbursement to the seller for your share of the property tax they already paid, that is deductible. If you paid other taxes, like intangibles tax, real estate transfer tax, etc. those taxes are not deductible. Also, you may have received a credit for the sellers prorated tax if the taxes had not yet been paid at the time of the closing.
Once you determine the actual amount of property tax you paid, if they were not reported on, and entered with the 1098, you can enter the amount by going to:
Federal
Deductions & Credits
Property (Real Estate) Taxes
Enter you property tax paid
You might want to look up your property tax bill on your county tax assessor or tax commissioner's website and then reconcile what you paid or received at closing, and what you paid through your escrow account or out of pocket with the property tax bill.
Wednesday
Will this article help? Where to enter waiver payments https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-w-2/qualified-medicaid-waiver-payments-w-2-show-earned/L1XZa89dh_US_en_US
Wednesday
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Wednesday
I have the same problem. Don't select anything and just continue. After a few "continue" clicks, it will ask for box 12 code again and then they have option II for you to select.
Wednesday
I am having the same problem - unable to e-file CA Form 541. The e-file is rejected but TurboTax says there is no error in the return. How does one proceed from here?
Wednesday
@crkumar77 Yes I was able to resolve this, but it took me all of a weekend to figure out. TT does not make reporting for pro rata very easy until you understand a few things. I had replied ear...
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@crkumar77 Yes I was able to resolve this, but it took me all of a weekend to figure out. TT does not make reporting for pro rata very easy until you understand a few things. I had replied earlier but my reply is gone. I see someone else has answered your question, but I will reiterate how I did mine: 1. First step in the backdoor Roth is to enter the Traditional IRA. Do not checkmark that you recharacterized it if the wizard asks. This is NOT the same as a backdoor roth, which is called a conversion. You will report the conversion later. 2. Next, enter your 1099-R exactly as reported. This is how TT captures the conversion. If the wizard asks you can say this was a complete conversion from the Trad. This step will empty the Trad to zero at 12/31. 3. When asked for all 12/31 balances of any SEP, SIMPLE or other Trad IRA's, enter that dollar amount. This moves the needed amounts over to Form 8606 for pro rata calcs. If you had basis from the previous year, that will also be answered through the wizard. 4. Check Form 8606 now - you should have pro rata numbers on lines 13, 14 (basis that will roll into the next year), 16,17 and 18. The number on line 18 transfers to line 4b on the 1040 and is your taxable pro rata amount. That's how I did it and it was verified correct by my CPA. Hope that helps