All Posts

Sorry I missed your drift regarding a TurboTax professional. I've had mixed results with phone calls. Realizing that the person is caught cold with your question is a challenge. A written response is better and provides a history. A new posting would be interesting but given no responses to this, that may not happen. If you are trying for an answer to make a sale before 12/31, that might be a stretch. Hopefully dmertz will reply. He is the sharpest I've found.   Bottom line using your example, I see the following: 250,000 LTCG not subject to NIIT plus, I believe, your exposure for selling half is the 50,000 of LTCG + the 3.8% NIIT on the 50,000. At a 15% LTCG tax rate: 15% x 250,000 = 37,500 15% x 50,000 = 7,500 3.8% NIIT = 1,900 NITT for the 50,000. Total = 46,900 Does not include other taxable income      

I am a 30+ year user of TurboTax (and its predecessors). There is absolutely no reason that the new version could not run on windows 10. You have claimed that there's a security risk. That's total crap.   Microsoft is STILL UPDATING MY WINDOWS 10!!!!! I have had at LEAST 4 updates since it was "discontinued support" in October 2025.   I'm not sure what I will do. Updating my computer JUST to do my taxes? That's not going to happen. I guess I will just have to move to some other company's product. After more than 30 years using your product for me and for my family members.   Really???

You got lots of helpful suggestions from   for how to locate your 2019 return if you used TT to prepare it.  You have not mentioned why you are looking for a rejected 2019 return now at the end of 2025.   It is too late to file a 2019 return and receive an income tax refund.  The refund was forfeited several years ago and will not be paid to you even if you file the return now.   If you owe tax due (as shown on line 37 of the Form 1040) you still need to file and pay the tax owed to IRS and they will bill you later for the late filing penalties and interest owed.  When/if you locate the return,  the only way to file it now is by mail.   It must be printed, signed and dated in ink, and sent in by mail.   When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.   @mesquitebean

Your "boss" has until the end of January to issue a tax document to you showing the money you earned in 2025.   If you are an employee, you will get a W-2; if you are working as an independent contractor you will get a 1099NEC.   When you  receive your pay, have there been any deductions from your pay for Social Security, Medicare, federal or state taxes?   Have you asked what you will get in January from them?

@mhb-mattheye  You go back to the W-2 entry section... ..........enter that section and look for the trash can next-to, or under that W-2 form (You might need to click on some text indicating something like "Show all income items" such that the full menu shows up....that really depends on how far you already are into the entry process.

This answer assumes your previous return was prepared in Online TurboTax.   Any return prepared in desktop TurboTax will not be in an Online account.  Here's how one would normally find past-year online returns and how to troubleshoot for multiple accounts (User IDs) if necessary.  Many people end up with more than 1 account.  The pathway to download the PDF or tax data file depends on whether or not you have started an online 2025 return.  I provide both scenarios below, so choose which one is appropriate for your situation.   If you have not yet started a 2025 online return: Sign in to your account.   What you see next depends on whether or not you have already started a 2025 return in that account.   If your left column menu is minimal, and does not have a Tax Home tab displayed, that would imply you have not started preparing a 2025 return in that account.  If you haven't yet started a return, it will start asking you some questions.  Answer those preliminary questions on a few screens (you don't actually have to prepare a return), and then when you are far enough into the process, the left menu column will change, and you'll then see a Tax Home option in the left menu column.  Do not click the Documents tab.  Instead, click on Tax Home.  Then on the Tax Home screen, scroll way down to the bottom to "Your Tax Returns & Documents".  Expand that section and choose the past year you want.   If your past returns are not shown there, then you likely have multiple accounts and signed into the wrong one.  I'll tell you below how to troubleshoot.   If you have already started a 2025 online return: Log in, and if you've already started a 2025 return in that account, then it may already open at the Tax Home.  If not, click the Tax Home tab in the left column menu.  Do not use the Documents tab.  At the Tax Home scroll down and expand "Your Tax Returns & Documents."   If the past returns are not there, see the steps below.   If you do all that and can't find the past return, here's how to look for multiple accounts: You can have up to 5 accounts that use the same email address for notification purposes.  A User ID may be an email address, but it doesn't have to be.  It might be only part of an email address, or it can be anything at all.   To get a list of your User IDs, reset password, and recover account access, etc., you can use the tool at the link below.  When using the Account Recovery tool, try using your phone number first if you can still access it.   After that, if necessary, then run the tool on your email address(es) you can access. NOTE: Before running the account recovery tool below, log out of all Intuit accounts including this user forum, or you might end up in a loop.  Then clear your browser Internet cache, close your browser, then reopen it, and go to the link below.  You may wish to copy this link so you can paste it into the new browser session. https://myturbotax.intuit.com/account-recovery If still no luck after running that on your phone number you can still access and email address(es) that you can access,  here's another method:          Go back to the tool again, but this time leave the data field blank, scroll down a bit, then choose the small blue link that says "Try something else", and it will look you up by other parameters.

Regarding the tax professional, I was merely referring to one who could agree with us (or not), but it is not clear any of them are looking into this thread which may have gotten too back-and-forth for anyone to dare bothering with.  I wonder if it makes sense to start a new cleaner thread that starts with the conclusions we agree upon with my example?  I am reasonably comfortable in filing the returns next April myself which gives me access to 2025 TurboTax after it is fully operational and I have all the broker tax forms for 2025 and then finding someone at TurboTax to confirm how to enter the data from the tax forms I'll have if I do sell a lot of the stock this year.    I also have an EXCEL workbook that is producing very similar numbers, something I use for comfort each year.    My experience is that, if you call often enough and ask for escalation, you can eventually find someone at TurboTax who knows how to do something complex like this although I suspect you already have me on the right track.  In fact, the last question I was asking you was more along the lines of what you had already advised quite some time ago (albeit with a sale of all NUA stock) about which numbers to enter where in turbo tax.  Most important was my making sure I had a decent idea of how much NUA stock I could sell before year end and stay in the LTCG bracket I'm already in and I think I am there.  Time to pull the trigger but I just have to figure out how NOT to sell the stock shares that are from recent reinvested dividends (although I do have a small amount of short-term capital losses I could use from some TLH I did earlier, so I may not bother).  Thanks again, Romper.

@jcpeckham wrote:  My understanding is that there is no express IRS guidance on the issue of timing on scholarship-related 529 withdrawals.   As you said, there is no specific guidance.  However, if I remember correctly and based on other indirect things, it is the opinion of many/most tax professionals that the withdrawal needs to correspond with the year of the expense.   I guess it may come down to how much you want to risk the "gray area".   As a side note, don't forget that (1) it may be an option to transfer the 529 plan to a new beneficiary and (2) if the account has been open for at least 15 years (and funded at least 5 years ago), it may be an option to convert some of the 529 funds to a Roth IRA.

However, if you are actually trying to prepare 2022 taxes, because you haven't done them yet... Then you have to either: 1)   get the 2022 PDF downloads from the IRS website and prepare them manually to mail in yourself OR 2) buy the TTZ 2022 desktop software (for full Windows or MAC computers only), prepare, print and mail in yourself: File Your 2022 Prior Year Taxes with TurboTax Desktop

As my original comment indicated, reimburse 1/12 of the annual depreciation per month under the Accountable Plan.   Form 4562 does not apply because the corporation is reimbursing, not directly claiming depreciation.