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15 hours ago
Hice transferencia bancaria
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15 hours ago
I inherited a small interest in 6 publicly-traded partnerships in 2025. I immediately sold them once they were transferred to my brokerage account. The broker included those sales on the 1099-B th...
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I inherited a small interest in 6 publicly-traded partnerships in 2025. I immediately sold them once they were transferred to my brokerage account. The broker included those sales on the 1099-B they provided although the form indicated the basis was NOT provided to the IRS. My thought was to report the basis as the values of each partnership on the date of my father's death on Schedule D. Doing this would result in LOSSES on every one of the sales. I then received a K-1 on each of the partnerships. However, the K-1 lists its own very different basis for form 8949. Using those numbers as basis instead would result in GAINS on all the partnerships. Right now I entered the sales from the 1099-B into Turbo Tax just like any other stock sale but also entered the K1 info into the section on partnerships. Is this right because I have losses on the former and gains (extra income landing on Schedule 1 via form 4797) on the latter? Should I delete the 1099-B info on these? Or change the basis on the 1099-B section to match that basis provided on the K1? Looking for guidance. Thanks.
15 hours ago
It depends, when you are listed as a dependent on a Form 1095-A. It's required to include that form on at least one tax return for Premium Tax Credit reconciliation.
Usually, the 1095-A is repo...
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It depends, when you are listed as a dependent on a Form 1095-A. It's required to include that form on at least one tax return for Premium Tax Credit reconciliation.
Usually, the 1095-A is reported by the parents who claim you. If the health insurance policy covers both you and your parents, the Premium Tax Credit might require allocation across separate returns.
To ensure IRS records are consistent, you should coordinate with your parents on how this is filed.
For more information visit this link.
15 hours ago
Your trucking business is considered self-employment. To report your expenses and income, Go to the 1099-NEC screen under Income in the Federal section and set up your business. Follow the interview ...
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Your trucking business is considered self-employment. To report your expenses and income, Go to the 1099-NEC screen under Income in the Federal section and set up your business. Follow the interview and read each page (look for blue help links if you need to learn more) before you answer the questions.
If you don't agree with the Form 1099-NEC that you received, you need to contact the trucking company and have them issue a corrected form. The IRS receives a copy and will expect you to report the amount shown on that form.
Your truck lease payments are entered as a rent expense. Fuel and maintenance are also expected expenses for your business.
Additional Information: What self-employed expenses can I deduct?
15 hours ago
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15 hours ago
Can I get my last year 2024 taxes
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15 hours ago
Yep...I have back to 2014 available too....all bought thru the TurboTax website, so any the earlier versions that did not come thru the actual TTX purchase site may not be showing for everyone. ...B...
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Yep...I have back to 2014 available too....all bought thru the TurboTax website, so any the earlier versions that did not come thru the actual TTX purchase site may not be showing for everyone. ...But.... Starting (I think) in 2019, you have to enter an installation code in order for the tax software to run.....and installation won't proceed past that point for 2021, 2020, and 2019 anymore. So even if you get the 2021 software to download...you can't actually install it. ______________ I think I could probably install the 2018 or earlier versions from my TTX download list (not that I've tried), but might need to use "Compatibility Mode" for versions that came out before W11 existed (and W10 came out in July of 2015).
15 hours ago
To get rid of the saver credit---go to the section for that credit and tell the software you were a student. That will disqualify you for the credit and allow you to stay in Free Edition.
Fede...
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To get rid of the saver credit---go to the section for that credit and tell the software you were a student. That will disqualify you for the credit and allow you to stay in Free Edition.
Federal>Deductions and Credits>Retirement and Investments>Retirement Savings Contribution Credit
Or—-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
15 hours ago
You have the option to separate the entries by state to facilitate completing the state tax returns. Be sure to total your entries to confirm the breakout matches the amounts on the original document.
15 hours ago
“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 th...
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“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.
Federal and state refunds come from completely separate entities. There is no rule as to which one will come in first or how long it will be between their arrival in your account.
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
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.
15 hours ago
1 Cheer
The energy credit calculated on Form 5695 is reported on Schedule 3 (Form 1040) Line 5(b). Part I of Schedule 3 reports Nonrefundable Credits, the total of which flows to Form 1040 Line 20 to reduce ...
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The energy credit calculated on Form 5695 is reported on Schedule 3 (Form 1040) Line 5(b). Part I of Schedule 3 reports Nonrefundable Credits, the total of which flows to Form 1040 Line 20 to reduce the tax liability on Line 24, which cannot be less than zero. If you are seeing a refund Form 1040 Line 35(a), this is from tax withheld or other taxes paid.
15 hours ago
To change your filing status from Single to Head of Household in TurboTax Online, follow these steps: 1. Go to your Personal Profile screen. 2. Under Your Info, select your name and then choose R...
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To change your filing status from Single to Head of Household in TurboTax Online, follow these steps: 1. Go to your Personal Profile screen. 2. Under Your Info, select your name and then choose Revisit. 3. Continue until you reach the About your household screen. 4. Under the filing status section, select Head of Household. 5. Follow the instructions to confirm you meet the qualifications for Head of Household. 6. Review your federal and state returns to ensure the change is applied correctly. Make sure you meet the IRS requirements for Head of Household status, such as being unmarried and having a qualifying dependent.
15 hours ago
Your tax return rejection for Form 1095-A means you or someone on your return had healthcare coverage through the Health Insurance Marketplace (exchange). If you don't enter this form, the IRS will c...
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Your tax return rejection for Form 1095-A means you or someone on your return had healthcare coverage through the Health Insurance Marketplace (exchange). If you don't enter this form, the IRS will continue rejecting your return. To fix this: 1. Get your Form 1095-A from healthcare.gov or your state's Marketplace account. 2. Enter the form details exactly in TurboTax. 3. If no one on your return had Marketplace coverage, you may need to mail your return to the IRS instead of e-filing. Entering the correct Form 1095-A is required to properly report the Premium Tax Credit and avoid IRS rejections.
@bobbeleenagy39
15 hours ago
Thank you, NCperson. If it will be for my friend's convenience should be also filed Non-Resident's NY tax return (June 1- mid September) next year and get a credit on MA tax return? How the software ...
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Thank you, NCperson. If it will be for my friend's convenience should be also filed Non-Resident's NY tax return (June 1- mid September) next year and get a credit on MA tax return? How the software will process 2 NY's filings? Also should be paid Estimated taxes to MA ( if MA will not be deducted, do not know yet)?
15 hours ago
Yes, you can report your vehicle expenses under your business. Go to Schedule C and add an expense. Look for Vehicle in the list of business expenses. Be sure you tell TurboTax that you rent this veh...
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Yes, you can report your vehicle expenses under your business. Go to Schedule C and add an expense. Look for Vehicle in the list of business expenses. Be sure you tell TurboTax that you rent this vehicle and don't own it.
15 hours ago
To fix a rejected federal return concerning Form 1095-A, log into TurboTax and Go to 1095-A to enter or delete the information on your return. Then run Federal Review before you try to file your retu...
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To fix a rejected federal return concerning Form 1095-A, log into TurboTax and Go to 1095-A to enter or delete the information on your return. Then run Federal Review before you try to file your return again.
15 hours ago
@BTRR Just my two cents...But I checked my products page in the Intuit Account and have all download products showing available from tax year 2014 thru 2025.
16 hours ago
Please post your question about Form 2210 so the Community can provide you with a specific answer.
16 hours ago
It depends, you can exclude foreign earned income from your US taxable income if you meet the "Physical Presence Test." This test requires you to be physically present in a foreign country or countr...
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It depends, you can exclude foreign earned income from your US taxable income if you meet the "Physical Presence Test." This test requires you to be physically present in a foreign country or countries for at least 330 full days during any 12-month period. To qualify, your tax home must also be in a foreign country. The Foreign Earned Income Exclusion lets you to exclude up to a certain limit of foreign income earned during that tax year (e.g., up to $130,000 for tax year 2025). Income excluded this way must still be reported on your US tax return, typically on Form 2555. Note that claiming this exclusion affects eligibility for certain credits and deductions, such as the Earned Income Credit. You need to meet all the IRS requirements for the exclusion, including the presence and tax home tests.
16 hours ago
Your income from Uber is considered self-employment that is normally reported on Schedule C. Even if you didn't receive Form 1099-K for this income, you can still report this as "other income" for yo...
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Your income from Uber is considered self-employment that is normally reported on Schedule C. Even if you didn't receive Form 1099-K for this income, you can still report this as "other income" for your Uber business.
To find this topic in TurboTax Online, use the magnifying glass and search for "schedule c," then use the jump-to link to go directly to that section under Wages & Income.
For more help, see Tax Tips for Uber, Lyft, and other Car Sharing Drivers.