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I don’t have a problem! I am posting my comment about the hundreds of other comments regarding the extension verbiage that TurboTax is using on the last page which is misleading and incorrect. I’m informing the community that I went through with the filing regardless of the misleading verbiage because TurboTax promised that it would not file my return, and I was showing the community then, in fact it worked when I pressed the button

Yes, if you have a business and one of the services is providing investment advice to your clients, then entering this expense on line 11 on Schedule C (sole proprietorship) is a reasonable place to put the expense.   If your business is something else, come back and tell us.

When a net operating loss (NOL) is initially entered or carried over, TurboTax will incorporate that into the current tax return.  It will also know if any of the NOL was used on your tax return.  What TurboTax will not do is to calculate an NOL.   The NOL must still be calculated and entered/edited in TurboTax each year. Use the  IRS Publication 536 to access the worksheets.     Here's info on How to Amend a Prior Year Return.   @C_Nagy 

While I understand that is an option, my questions are:   1. Why does the turbotax interview not mention or offer that as an option?, and   2. Upon entering things correctly, why does turbotax still end up with additional taxes when there should not be any?

W2 Import functionality DOES NOT WORK for "Quick Employer Forms" online Turbotax Business. Same error uploading ".tax2024" business form:   "Failed to import data from tax file. Error occurred while parsing the data from tax file." I have had unresolved problems with externally created W2s using TurboTax Business for a few years now.   We Need another product for small businesses, as this one is not worth the money, hassle, and additional State filing fees and time .

If you need more information, check Indiana's Department of Revenue taxpayer portal called INTIME where you can log in and check your payment status.  Their website also has a phone number of 317-232-2240, available Monday through Friday from 8 AM to 4:30 PM ET where you can call for information on payments.

@C_Nagy wrote: Unfortunately, TurboTax includes an NOL deduction with out limiting it to 80%.  I did not understand that I needed to calculate how much of the NOL deduction I could include, so I entered the entire amount.  Yeah, unfortunately, you would never know not to do that unless you clicked on the little blue, "learn more", link that leads to the Guidance, which states:   The Program will determine your current year Net Operating Loss (NOL) and this amount will flow automatically to the Federal Carryover Worksheet. HOWEVER THE PROGRAM DOES NOT SUPPORT THE CALCULATION OF NOL CARRYOVERS. THIS INCLUDES THE 80% LIMITATION PURSUANT TO THE TAX CUTS AND JOBS ACT.   Obviously, statements such as those SHOULD be displayed much more prominently to give proper notice to users.

You do need to assign the correct mileage to each vehicle. When you eventually dispose of the vehicles, you will need to calculate the depreciation applicable to the vehicle based on the business miles driven in order to determine the gain or loss on it's sale or abandonment. That gain or loss will be taxable or deductible by the business.

The TurboTax online editions are only for tax year 2025 and cannot be changed.   To complete and file a 2024 tax return, started with the online editions, you will need to download the 2024 tax data file.  Then you will need to purchase, download and install on a personal computer, Windows or Mac, one of the 2024 desktop editions.  Once installed you need to open the 2024 tax data file you downloaded by clicking on File and then on Open Tax Return.   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download .tax file   To complete and file a 2024 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2024 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/   A 2024 tax return can only be printed and mailed, it cannot be e-filed using TurboTax.   If you paid for one of the 2024 TurboTax online editions, then you need to contact TurboTax support to see if they will push a 2024 desktop edition to your download account at no cost.   You will have to contact TurboTax support for assistance with this problem. Use the key words Billing Issue Use this phone number and select TurboTax - 1-800-4-INTUIT (1-800-446-8848)

Yes.  It still applies.  Even though you are now retired, it is still an insurance plan through your employer that is from the benefits you gained while being an active employee.  Employer includes previous employers.  The IRS in pub 502 does not make a distinction between former employee and employee.     The plan is still through the employer, it is not an independent plan. 

Totally agree. It appears that in most cases, the estimated tax payment amounts should be carefully reviewed before using. It appears that depending on how you enter the 2026 information may get you the correct total amount of estimated taxes due or not needed.   As to getting Turbotax's attention on this issue, my recollection is that in prior years TurboTax representatives would at least monitor this community blog and at times would comment or even suggest that there was an update in process to remedy an issue. It is disappointing that they don't react and even more disappointing that they changed the estimated tax payment process that worked perfectly in the past.