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Do you need separate K-1 if all type of activity is zero loss
We are using TurboTax Premier online for the first time, after using desktop Premier for several decades We moved from CA to OR in 2025. We created the CA state tax return before starting OR The f... See more...
We are using TurboTax Premier online for the first time, after using desktop Premier for several decades We moved from CA to OR in 2025. We created the CA state tax return before starting OR The federal taxes recommended we take the standard deduction. Because we are retired (income = SS + investment gains), the federal and CA state taxes say we owe $0. The "problem" is that the OR state return says we owe > $1800. I read OR has a very low standard deduction, so that is likely the cause. My questions: How can I confirm if TurboTax is itemizing or using a standard deduction for the OR state return? The software didn't inform me which it is using, and online won't let me look at forms until I pay & submit (Desktop let me look at forms anytime, I understand why the limitation, but it negatively impacts me) How can I toggle the TurboTax OR state return between standard & itemized deductions so I can compare the bottom lines? Thank you,  Craig 
So I take it no change was ever made? I am having the same issue
  Again.  I DO have an RMD amount listed on form 5498 for 2025.  DO I NOT have to pay taxes on this?
if he had unearned income, he would receive 1099-INT, 1099-DIV- 1099-B, or other reporting forms   dividends, interest, qualified dividends, capital gains , etc would be separately reported on th... See more...
if he had unearned income, he would receive 1099-INT, 1099-DIV- 1099-B, or other reporting forms   dividends, interest, qualified dividends, capital gains , etc would be separately reported on these forms    Qualified dividends would is included in total dividend income 
For Virginia?  What issue do you continue to have?  Exit the review and go back to the VA return and update the entry there.    If there are any zeros showing during the interview, delete the zero an... See more...
For Virginia?  What issue do you continue to have?  Exit the review and go back to the VA return and update the entry there.    If there are any zeros showing during the interview, delete the zero and leave the field blank.    But exit the review to make the changes and edit from the state interview so it sticks.   
It depends. Form 8995 should have the name and social security number (SSN) of the business owner on Schedule C, or if Schedule E then either spouse may be used if the joint owner is selected. It's n... See more...
It depends. Form 8995 should have the name and social security number (SSN) of the business owner on Schedule C, or if Schedule E then either spouse may be used if the joint owner is selected. It's not a concern for your tax return or the IRS.   This post was added to a very old thread. It's best to post your own question so that we can help with your specific situation. I realize your entered Form 8225, and assumed you meant Form 8995. Please start a new question if you need further assistance and provide any details you think will help.   @AnnoyedSD 
Thank you for your quick reply! You've answered my question perfectly.
@davidwmurto wrote:  I do have carryover losses.      What type of carryover losses are they?  There are many kinds of carryover losses.  Many should have been fully dealt with on the 2024 re... See more...
@davidwmurto wrote:  I do have carryover losses.      What type of carryover losses are they?  There are many kinds of carryover losses.  Many should have been fully dealt with on the 2024 return, but others may carry over to the 2025 return.  But we can't tell you what to do unless you indicate what kind of losses are being carried over.    
How can I get my 2024 state tax returns
You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return https://turbotax.intuit.com/per... See more...
You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return https://turbotax.intuit.com/personal-taxes/compare/online Create your account screen Set up a new login for the second return Start working on the new return Or use the Desktop program. The Desktop program can do unlimited returns and efile 5 for free. And you can use any Desktop version, they all have the same forms. So you could use a lower version than you might need in the Online version.
Some options: There could be some data stuck or an extra form * An error with rounding, be sure to enter your numbers already rounded Box 1 and box 16 don't match - check your w2 - they sh... See more...
Some options: There could be some data stuck or an extra form * An error with rounding, be sure to enter your numbers already rounded Box 1 and box 16 don't match - check your w2 - they should match unless you have specific CA adjustments CA state ID is correct *For stuck information or extra w2, follow these steps: Desktop version:  Delete the extra form w2 Save your return while closing the program. Update the program Open Enter the information again. Online version: Delete the extra form, see How to Delete   Log out of your return and try one or more of the following: Don't use Internet Explorer. Clear cache and cookies, Sign in using a different browser. Sign in using a different device. Log back into your return. Enter the information again.
I can't say that I have your answers, but let me dreg up some memories of similar discussions.   First, the statement "A self-employed health insurance adjustment of $[______] from premiums paid ... See more...
I can't say that I have your answers, but let me dreg up some memories of similar discussions.   First, the statement "A self-employed health insurance adjustment of $[______] from premiums paid  through an exchange is included as an adjustment to income but does not appear on these worksheets." appears at the bottom of form 7206, the Health Insurance Deduction. This was noted two or three years ago as an issue, and so far as I know, the adjustment to income still does not appear on any worksheets.   Next, if you look carefully at form 7206, and at the Self-Employed Health Insurance Deduction Worksheet—Schedule 1, Line 17 in the 1040 Instructions (on page 94), you will see that there is a peculiar relationship between medical insurance premiums, the deductible portion of SE taxes, and contributions to Self-Employed SEP, SIMPLE, and Qualified Plans.   Simply (?) put, on the worksheet for line 17 (Schedule 1) above, you take the (A) amount of premiums that you paid for health insurance established under your self-employed business (including for spouse and dependents under age 27), and then you look at the (B) net profit from your business less (the deductible portion of the SE taxes (line 15) and the contributions to the Self-Employed SEP, SIMPLE, and Qualified Plans (line 16)), and then your health insurance deduction is the lesser of either the amounts A or B.   (Note that each line is not so simple - see the notes for the worksheet above).   For self-employed health insurance plans that are from the Marketplace, I assume that the health insurance (A) paid is the actual amount minus any PTC, which, as you know, gets calculated in the return and which can change on a whim.   It's a lot easier to see this on the worksheet at the link above.   If you have enough fingers and toes and some imagination, you will see that there can be situations where when you increase your contributions to your self-employed retirement plans, you reduce your health insurance deduction. And when you consider that the amount of PTC can vary as you vary your income, the health insurance deduction can wander all over the place for no reason to easily recognize. I am guessing that this (the variability of the PTC amount as it affects the calculation on the worksheet or on the 7206) is the "A self-employed health insurance adjustment" referred to in the second paragraph.   Now ponder this, and see if it helps any.
When TurboTax calculates "100% (110%) of your actual 2025 taxes" as the method for estimating 2026 taxes, that amount is much smaller than my Total Tax on line 24 of 1040.  It appears that this is be... See more...
When TurboTax calculates "100% (110%) of your actual 2025 taxes" as the method for estimating 2026 taxes, that amount is much smaller than my Total Tax on line 24 of 1040.  It appears that this is being calculated as [2025 Total Tax After Credits] - [2025 Withholding] - ["Other payments" (my Net Premium Tax Credit from schedule 3)] .  Is the really the correct amount for safe harbor?  I think I should use my Total Tax from 1040 line 24, especially since I will have no withholding this year, and also I will not have a net premium tax credit balance this year.  
hopefully you kept the .tax2025 file from your filing, you can always revert to that version.  if you make an amendment save it as a different .tax2025 file otherwise you are overwriting your origina... See more...
hopefully you kept the .tax2025 file from your filing, you can always revert to that version.  if you make an amendment save it as a different .tax2025 file otherwise you are overwriting your original return.  you should also save PDF with all forms and worksheets from original return, and same for any amended version, as your official record (don't rely on .tax files in the long term as the s/w is only supported for 4 years).   if you're seeing a change in Fed due through this process, then some other inconsistency or s/w update is triggering it which shouldn't be happening but depends what's going on in your return.  The only way to figure this out is to go through the 1040 and schedules line by line from your original return vs. the amended return with the changed Fed numbers to identify what changed and why.
You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return https://turbotax.intuit.com/per... See more...
You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return https://turbotax.intuit.com/personal-taxes/compare/online Create your account screen Set up a new login for the second return Start working on the new return Or use the Desktop program. The Desktop program can do unlimited returns and efile 5 for free. And you can use any Desktop version, they all have the same forms. So you could use a lower version than you might need in the Online version.
If TurboTax appears to incorrectly calculate your foreign tax credit, here are steps you can take: 1. Review your entries carefully. Make sure all foreign tax amounts and related income are entere... See more...
If TurboTax appears to incorrectly calculate your foreign tax credit, here are steps you can take: 1. Review your entries carefully. Make sure all foreign tax amounts and related income are entered correctly. 2. Check Credit vs Deduction. Confirm you selected to take the credit, not the deduction, since the deduction appears differently. 3. Update or Edit Foreign Taxes. Go to the foreign taxes section under Deductions & Credits, then Estimates and Other Taxes Paid, and select Update or Start next to Foreign Taxes to review. It is highly unlikely TurboTax is wrong in its calculations. The issue usually lies in the data entered or the selection between credit and deduction. Carefully reviewing your inputs often resolves discrepancies.
To check the status of your 2023 tax return, you can use the official tools provided by the IRS. Since you filed with a professional (lawyer), you should also verify with them exactly where the refun... See more...
To check the status of your 2023 tax return, you can use the official tools provided by the IRS. Since you filed with a professional (lawyer), you should also verify with them exactly where the refund was scheduled to be sent.  You can view the status of your federal tax return for the past three tax years online.    Visit the official IRS Where's My Refund? tool. You will need: Your Social Security Number or ITIN. Your Filing Status (e.g., Single, Married Filing Jointly). The exact whole dollar amount of the refund shown on your 2023 return. For more detailed records, sign in to your IRS account. This allows you to see if your return was processed, the date a refund was issued, and if any payments were applied to other debts.