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It would be nice to have Form 461 available even if TurboTax doesn't complete it so a return doesn't need to be mailed in. The form needs to be included with filing if excess business losses apply.
It depends. Under the Tax Cuts and Jobs Act, student loan discharges due to Total and Permanent Disability (TPD)—including those for 100% P&T Veterans—are excluded from federal gross income.    I... See more...
It depends. Under the Tax Cuts and Jobs Act, student loan discharges due to Total and Permanent Disability (TPD)—including those for 100% P&T Veterans—are excluded from federal gross income.    If this is excluded from federal income, it is not included in the federal AGI. as a result, it isn't included in your NC return because North Carolina generally follows the federal definition of Adjusted Gross Income (AGI). Even though it isn't specifically stated in the North Carolina return, it is reflected in the AGI amount in line 8 of your D-400 return.   Be sure this is excluded from federal income.      
If ‌Form 1095-A appears in your list of forms, then you might delete that form.   Follow the next steps:   Click on Tax Tools on the left side of the online program, then Tools. Click on Dele... See more...
If ‌Form 1095-A appears in your list of forms, then you might delete that form.   Follow the next steps:   Click on Tax Tools on the left side of the online program, then Tools. Click on Delete ‌form. Find the 1095-A and then click on Delete.   Also, you can go to the Form 1095-A section and when asked if you received this Form, answer No.   To see more detailed information, open the link below: How do I fix e-file reject F8962-070?  
You can only deduct a business vehicle if you are self-employed or operating a licensed business. With limited exceptions, it is not deductible for salaried individuals in 2025.   You need to upd... See more...
You can only deduct a business vehicle if you are self-employed or operating a licensed business. With limited exceptions, it is not deductible for salaried individuals in 2025.   You need to update/edit your business entries to enter the business vehicle. Look for the screen that says Your (name of business) Business. Under Business Expenses you will see the option for Business Vehicle Expense. Choose that option and you will see where you can set up your vehicle for depreciation and deduct associated expenses. 
The program will handle it for you. You can see the standard deduction on line 12e and the new senior deduction on line 13b coming from the new schedule 1A.
Are you referring to the Savers Credit? TurboTax automatically calculates it based on the information in box 12 with code D from your W-2 Form. 
Good afternoon. I received an email stating that I have been charges $79 when I have not finalized the TurboTax Do It Yourself filling.  I need you to cancel the credit card charge since we never co... See more...
Good afternoon. I received an email stating that I have been charges $79 when I have not finalized the TurboTax Do It Yourself filling.  I need you to cancel the credit card charge since we never completed the filling. Thank you.   Order Number: TTWC6WB390486847 Order Date: 04/13/2026 Payment Authorization Code: 01316R    
Hello,   I am wondering if my wife and I would qualify for the $500,000 home sale tax exclusion in this scenario.   For the past 5 years, my brother, my wife, and I were on a deed for a house.  M... See more...
Hello,   I am wondering if my wife and I would qualify for the $500,000 home sale tax exclusion in this scenario.   For the past 5 years, my brother, my wife, and I were on a deed for a house.  My wife and I have lived in the house during this time.  My brother has not and has a different primary residence.  In January of this year, my brother filed a quitclaim deed transferring his interest in the house to my wife and I.    If we were to sell the house this year, would we satisfy the ownership test for the home sale tax exclusion?   Thank you.
This will happen if there's a discrepancy between the name and number on your Social Security card and your tax return.  I suggest you follow these steps: Log into TurboTax Click on Persona... See more...
This will happen if there's a discrepancy between the name and number on your Social Security card and your tax return.  I suggest you follow these steps: Log into TurboTax Click on Personal Info (you may have to press the arrow on the right) [Review/Edit] On the left sidebar select My Info Press the arrow to the right of your name Click [Revisit] Confirm your name matches the Social Security Card [Continue] Your address will be shown [Continue] Confirm your Social Security Number [Continue] Complete the interview to the end. If your name and Social Security number match your Social Security card, you will have to mail your tax return.  You will likely get an IRS tax notice requesting additional information to confirm your identity.  Just as a note: If you have filed a joint return for a number of years, and you switch your name on the return with the spouses, it may cause this error.  
Interest on the original and any subsequent refinancings of HELOC is only deductible if it was used to make substantial improvements to the residence. The property must secure it. If you refinance fo... See more...
Interest on the original and any subsequent refinancings of HELOC is only deductible if it was used to make substantial improvements to the residence. The property must secure it. If you refinance for more than the balance at that time, and interest on the previous HELOC was deductible, only interest on the portion refinanced is deductible unless the excess was used to substantially improve the property. In addition, there is a cap on how much debt can count as qualifying residential interest        so i think because of the refinancing rules, that's the question that must be answered. It's up to you to determine if it was used to substantially improve the property and the secured by property issue. if either or both are not true none of the interes is deductible and qualified residence intertest 
I just got the 2025 update and likewise found my completed tax form has disappeared.   I run file history to an external flash drive (PC Win11) regularly so the .tax2025 file was there.  I'll probabl... See more...
I just got the 2025 update and likewise found my completed tax form has disappeared.   I run file history to an external flash drive (PC Win11) regularly so the .tax2025 file was there.  I'll probably rename a copy to .tax2025bs before I open TT again.   Because this is total bs. 
While doing Turbotax on my PC, I don't see instructions in my CA State return to include a copy of my Federal Return and TT does not print an included copy by itself.  Do I need to print this out man... See more...
While doing Turbotax on my PC, I don't see instructions in my CA State return to include a copy of my Federal Return and TT does not print an included copy by itself.  Do I need to print this out manually/separately to include?  
In the community we do not have access to information about your account.  You will have to call TurboTax Customer service.  Here is a link:  Turbo Tax Customer Service 
  I'm having the same issue and don't know how to resolve it.
First, you should select to convert the property to personal use on the date of death. This will use the correct depreciation for your mother's final return. When you see the question ' This item was... See more...
First, you should select to convert the property to personal use on the date of death. This will use the correct depreciation for your mother's final return. When you see the question ' This item was sold……. '  select this checkbox, then do not enter a sale date, instead select that it was converted to personal use. This should complete the rental process on the final return.   If you are the only beneficiary, then your cost basis will be the fair market value (FMV) on the date of death or other stepped up basis provided by a lawyer. If you are going to continue to rent the property, it should begin with the new cost basis and start on August 1st (per your information) as though it was never rented in the past.   You can use the tax assessments from city or county to determine the percentage of land value versus building.   @user17760236673 
what is the maximum ira contribution for 2025?