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an hour ago
Not just the Form 4562
Topics:
an hour ago
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS. ...
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TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS.
First, check your e-file status to see if your return was accepted:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
To track your state refund:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh
.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act. Do not expect your refund before early March
https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US
Note: “Accepted” is not the same as “approved”. TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing. Only the IRS can approve of the refund, which is a later stage of processing. If the IRS approves your refund they will provide a date for the refund to be issued.
FROM THE IRS WHERE’S MY REFUND SITE:
https://www.irs.gov/wheres-my-refund
How it works
Where's My Refund shows your refund status:
Return Received – We received your return and are processing it.
Refund Approved – We approved your refund and are preparing to issue it by the date shown.
Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.
an hour ago
Not sure what you are asking about. There is nothing called a 1040R. Do you mean a Form 1040SR? Or a 1099R for retirement income?
If you are 65 or older, your tax return will print out on...
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Not sure what you are asking about. There is nothing called a 1040R. Do you mean a Form 1040SR? Or a 1099R for retirement income?
If you are 65 or older, your tax return will print out on a Form 1040SR, which is identical to Form1040, but which has larger print. The lines are identical and the calculations are identical.
If you are asking how to enter a 1099R:
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.
an hour ago
TurboTax indeed has a bug where it fails to mark the Rollover box on line 5c when the taxable amount of an In-plan Roth Rollover is zero.
an hour ago
If you're using TurboTax Desktop, search your computer for a .tax2024 file when starting a 2025 return to transfer into your new return.
Here's more info on Transferring a Prior Year Return and ...
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If you're using TurboTax Desktop, search your computer for a .tax2024 file when starting a 2025 return to transfer into your new return.
Here's more info on Transferring a Prior Year Return and Finding a Tax File on Your Computer.
@pandalina
an hour ago
How much should be withheld in dollar amount for federal taxes if you claim single 0 on 20000.00 gross
an hour ago
when am I gonna receive
Topics:
an hour ago
How many children were in daycare? You can get a $3000 credit for one child; $6000 for two children. You already got $5000 of pre-tax money by using the funds from your FSA, leaving a possible $1...
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How many children were in daycare? You can get a $3000 credit for one child; $6000 for two children. You already got $5000 of pre-tax money by using the funds from your FSA, leaving a possible $1000 of childcare if you had two children in daycare. If you only had one child in daycare, you cannot get any more childcare credit.
an hour ago
I am retired and do not work for any one?
Topics:
an hour ago
Thank you.
an hour ago
my spouse receives retirement pay from the US military retired pay. Do I need to enter an amount under the "allowable US uniformed services retirement benefit deduction?
Topics:
an hour ago
How much should be withheld for federal taxes if you claimed single 0 on 20,000.00 gross
an hour ago
1 Cheer
If you are working in the desktop version of TurboTax, you can use the Forms menu option to bring up the forms in your program. Then, you can view the 4562 form and you will see there is an option to...
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If you are working in the desktop version of TurboTax, you can use the Forms menu option to bring up the forms in your program. Then, you can view the 4562 form and you will see there is an option to print it out individually.
an hour ago
What is the code in box 7 of the Form 1099-R? Is the IRA/SEP/SIMPLE box marked? Distributions made before and after age 59½ should have been reported on separate Forms 1099-R (except in the rare...
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What is the code in box 7 of the Form 1099-R? Is the IRA/SEP/SIMPLE box marked? Distributions made before and after age 59½ should have been reported on separate Forms 1099-R (except in the rare case where the distributions made after age 59½ are subject to penalty due to busting a 72(t) SEPP plan and causing everything to be reported with code 1).
an hour ago
Topics:
an hour ago
@Rando_of_Cedars ,
It is because of these kind of situations that I prefer the desktop version and generally shuttle between "step-by-step" and "forms" modes.
Is there more I can do for you...
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@Rando_of_Cedars ,
It is because of these kind of situations that I prefer the desktop version and generally shuttle between "step-by-step" and "forms" modes.
Is there more I can do for you ?
And if nor then "till next year" and/or whenever you need more help
an hour ago
First, make sure that you are logged in with the same account that you used to purchase the TurboTax Advantage option. If you are logged in with the same account and the program is still asking you ...
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First, make sure that you are logged in with the same account that you used to purchase the TurboTax Advantage option. If you are logged in with the same account and the program is still asking you to pay, you will need to contact TurboTax.
TurboTax Audit Support Center
an hour ago
Filing as Married Filing Jointly
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an hour ago
No, you should report the sale of inherited property. Whether a gain or loss, and if the property was never used by any beneficiary as their main home, then any loss would also be deductible against ...
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No, you should report the sale of inherited property. Whether a gain or loss, and if the property was never used by any beneficiary as their main home, then any loss would also be deductible against other income.
Use the information below to report the sale and it should be split three ways (selling price, cost basis, sales expenses). Each beneficiary should be reporting only their share.
Your cost basis is the fair market value on the date of death of the decedent, or alternate stepped up basis by legal team, plus the capital improvements (not repairs but improvements that are capital in nature). The expenses of sale will reduce any gain or increase any loss as well.
This is entered as the sale of investment property and can be entered as follows.
Enter the inherited property sale in TurboTax using the steps provided.
Open or continue your return: Choose the Search box and type 'sale of second home' then use the Jump to link to enter your inherited sale) or follow the menu. In TurboTax Online select 'See more' in the FAQ then click 'sold second home'.
Under Wages & Income scroll to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2025? screen
If you land on the Your investment sales summary screen, select Add More Sales
On the OK, let's start with one investment type screen, select Other, then Continue
On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
On the next screen, select Other (choose this also for inherited homes) then select I inherited it under How did you receive this investment? (For TurboTax Desktop you can enter a description of 'Inherited Home' and long term holding period).
@mikkamakka
an hour ago
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/fili...
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Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/filing/wheres-my-amended-return