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Check Box 16 on your 1099-R.  Although you may show an amount of state tax withheld in Box 14, Box 16 needs to have an amount entered (usually Box 1 amount).   If you uploaded your 1099-R, you ma... See more...
Check Box 16 on your 1099-R.  Although you may show an amount of state tax withheld in Box 14, Box 16 needs to have an amount entered (usually Box 1 amount).   If you uploaded your 1099-R, you may need to delete/re-enter it manually.    @byrdlynda 
I'm doing my 2025 taxes and need to enter my carry loss forward figure. It is substantial and I don't want to lose it.
The ability of the parent of a high school student to claim the education credit is limited.  If these courses are provided by an eligible college, this cost qualifies for the Lifetime Learning Credi... See more...
The ability of the parent of a high school student to claim the education credit is limited.  If these courses are provided by an eligible college, this cost qualifies for the Lifetime Learning Credit (LLC). The school must have policy of granting college credit for that course, already taken, if the student ever enrolls there. In other words, it is a requirement that the course be a college credit course, even if the student isn't currently a college student. It’s not that the student is post-secondary, it’s that the course is post secondary. Books are not a qualifying expense, unless included in the course fee. You must have paid tuition to the college and not the high school in order to claim the expenses on your return.  The LLC is 20% of tuition paid. https://www.taxact.com/support/22177/2023/education-credits-high-school-student-taking-college-classes?hideLayout=False As @KrisD15  said, high school students are not usually eligible for the more generous American Opportunity Credit (AOC), unless they are officially enrolled as a degree candidate.  Even if eligible, you wouldn't want to use the AOC now, as it can only be used 4 times and will be worth more later ($2500/yr rather than $500), in actual college.    In TurboTax (TT), after answering no to being a degree candidate or enrolled in a certificate program, you should get a pop up asking "Was (student name) taking college level classes". Check yes. 
You can trigger Form 8606 if you enter an IRA Contribution in the Deductions section and then designate it as 'non-deductible.'    Here's detailed info on How to Trigger Form 8606.   @richard... See more...
You can trigger Form 8606 if you enter an IRA Contribution in the Deductions section and then designate it as 'non-deductible.'    Here's detailed info on How to Trigger Form 8606.   @richardR1   
This seems more like a software bug but I can’t find where to report them 😕   See video of issue: https://streamable.com/r1nmuv   It says there’s a problem with my Georgia tax return which is we... See more...
This seems more like a software bug but I can’t find where to report them 😕   See video of issue: https://streamable.com/r1nmuv   It says there’s a problem with my Georgia tax return which is weird because I skipped nothing asked originally when going through the state tax return. Then all of a sudden, after I paid and am about to file my taxes it asks for my spouse’s residency dates.   1.) I’m not married, have never been married, and in the video you can see I’m filing as Single 2.) I can’t select “Spouse is nonresident of Georgia” option which isn’t what I want really but it’s slightly less incorrect than being forced to put a date 3.) When going through the Georgia state tax return originally, they never asked me for these dates so why now?   Tried on both mobile app and on Safari.
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new... See more...
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
You can upload your crypto CSV now.  In TurboTax Online, after your first upload (if you have more than one), close the program, clear your Cache and Cookies and proceed with the next one.   Go t... See more...
You can upload your crypto CSV now.  In TurboTax Online, after your first upload (if you have more than one), close the program, clear your Cache and Cookies and proceed with the next one.   Go to Wages & Income > Investments and Savings, Add Investments. Select "Enter a Different Way"  and choose "Upload ". Then drag and drop your CSV file.    @summerscarol   
FYI: I just did a google search and found the glitch! Just enter the first 3 digits of your document #....nothing more just the 3 first digits. Worked for me. TT has it poorly worded.
question on HSA - on the W2 form, Box 12 Code W reports the amount of HSA for the year - it seems that TurboTax is not treating this amount as tax-deferred, it is treating it as taxable income, and i... See more...
question on HSA - on the W2 form, Box 12 Code W reports the amount of HSA for the year - it seems that TurboTax is not treating this amount as tax-deferred, it is treating it as taxable income, and increases my tax liability - is this an error?
My financial advisor tells me a SEP IRA contribution is 100% deductible, so I'm confused about why Turbotax is saying I only get a $200 credit.
folks have been having this issue with Vanguard where the import (incorrectly) reports success but actually failed to get the data, see end of following thread with advice about network access and br... See more...
folks have been having this issue with Vanguard where the import (incorrectly) reports success but actually failed to get the data, see end of following thread with advice about network access and browser config which may help if having similar issue   https://ttlc.intuit.com/community/taxes/discussion/re-vanguard-brokerage-update-is-available-from-vanguard-but-not-on-turbo-tax/01/3747256#M1390505