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yesterday
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yesterday
I have a schedule k and I am getting this error from Turbo to forcing me to fill 199A worksheet. On my schedule K box 17 have 2 code AC and V* STMT. when I look at 199A Its talks about report lo...
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I have a schedule k and I am getting this error from Turbo to forcing me to fill 199A worksheet. On my schedule K box 17 have 2 code AC and V* STMT. when I look at 199A Its talks about report loss and I don't have any loss to report. So how do I get ride of this error. thanks in advance
yesterday
1 Cheer
If you choose to skip the import as indicated, you can simply enter the interest and dividends you received in 2026. You can use the instructions below, simply skip the import and either update the s...
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If you choose to skip the import as indicated, you can simply enter the interest and dividends you received in 2026. You can use the instructions below, simply skip the import and either update the same financial forms or add them yourself by selecting 'Type it myself' as indicated.
Open your return in TurboTax Desktop or TurboTax Online: 1099-DIV / 1099-INT
Search > Type 1099div > Click the Jump to... link > Start or Update/Edit by each investment
Search > Type 1099int > Click the Jump to... link > Start or Update/Edit by each investment
@jonm48104
yesterday
My wife took advantage of the once-in-a-lifetime transfer from a traditional IRA to her HSA in January of 2025. She transferred the maximum allowable amount $9550 ($8550 family plan max +$1000 due to...
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My wife took advantage of the once-in-a-lifetime transfer from a traditional IRA to her HSA in January of 2025. She transferred the maximum allowable amount $9550 ($8550 family plan max +$1000 due to age). She made no other contributions and was not employed. Due to my age, I was able to contribute $1000 separately to my HSA. Her transfer was done trustee to trustee. She and I were both covered by a family HDHP the entire year. Using the step-by-step process, Turbotax 2025, correctly calculated and populated forms (8889 & 1040) characterizing the transfer as non-taxable. However, Turbotax also generated form 5329 and calculated that the entire $9550 transfer to her HSA was "excess" and subject to a 6% additional tax. She made no other contributions to her HSA, and my only contribution to my HSA was $1000 due to age. As best I can tell, there is no "excess". I can't find any IRS rules (income limits, etc.) that would subject this transfer to the additional 6% tax. Is this a Turbotax bug, or what am I missing?
yesterday
Hi everyone, I'm hoping someone can help. I purchased TurboTax 2025 (desktop) but can't get it to run on my Mac. My setup: - Apple M5 chip - Latest macOS version The problem: ...
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Hi everyone, I'm hoping someone can help. I purchased TurboTax 2025 (desktop) but can't get it to run on my Mac. My setup: - Apple M5 chip - Latest macOS version The problem: When I try to open TurboTax, I get an error related to Rosetta 2. After running Apple's diagnostic in Terminal, I got the message: "Rosetta 2 update is not available" — meaning Rosetta 2 has been removed from my OS and the app can't launch at all. Has anyone else run into this on a newer Mac? I Any help is appreciated. Thanks!
yesterday
the fee is $17.99 now! you can try to google and search for a discount code.
yesterday
I purchased and installed the deluxe version of turbotax. I need to use the Premier version. I purchased the Premier version tried to delete the deluxe version and install the premium version but it ...
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I purchased and installed the deluxe version of turbotax. I need to use the Premier version. I purchased the Premier version tried to delete the deluxe version and install the premium version but it always downloads the deluxe version. How do I install the Premier version?
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yesterday
I have received a K-1 (Form 1065) from EPD. It has a box 20 Code Z1 with a negative value. The instructions include the note: Code Z1 – Statement A - Section 199A Publicly Traded Partnership...
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I have received a K-1 (Form 1065) from EPD. It has a box 20 Code Z1 with a negative value. The instructions include the note: Code Z1 – Statement A - Section 199A Publicly Traded Partnership (PTP) Income. Use this amount to compute your Section 199A Qualified Business Income Deduction. Generally, you can deduct up to 20% of your qualified publicly traded partnership income. This amount is reportable on Form 8995. This amount is reported here in lieu of reporting it on Statement A of the Form K-1. Note this amount does not include Box 20AB, Section 751 gain (loss) from the sale of units, if applicable. How do I use this in turbotax? Thanks!
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yesterday
@KGMoore Read the top very first paragraph on that for installment payments.
yesterday
1 Cheer
Some TurboTax customers may see the Capital Asset Sales showing incomplete when all fields are completed.
The Capital Asset Sales Worksheet is related to your issues with the 1099-DA.
Y...
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Some TurboTax customers may see the Capital Asset Sales showing incomplete when all fields are completed.
The Capital Asset Sales Worksheet is related to your issues with the 1099-DA.
You may receive progress updates by signing up here.
@nobody-22
yesterday
I also reviewed my return. After removing my override and selecting "Average Share" for valuation method, my return showed no errors. Form 8283 now properly reflects "Avergar Share". I was then ab...
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I also reviewed my return. After removing my override and selecting "Average Share" for valuation method, my return showed no errors. Form 8283 now properly reflects "Avergar Share". I was then able to efile!
yesterday
Here's the glitch in Turbotax that needs fixing. As you go through inputting the 2024 lump sum, you come to page stating, "Now, let’s look at your 2024 form If you received benefits in 2024 that...
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Here's the glitch in Turbotax that needs fixing. As you go through inputting the 2024 lump sum, you come to page stating, "Now, let’s look at your 2024 form If you received benefits in 2024 that were already reported on your 2024 tax return, there will be an amount in box 5 of your Form SSA-1099." It then prompts you to input: "Amount in box 5 of your 2024 Form SSA-1099." But this is the wrong amount to input apparently. As you have noted, what you should input here is the TAXABLE AMOUNT of your prior year SS benefits, which is lower than your total benefit (in my case by 85%). This needs to be fixed in Turbotax to direct users to input the taxable amount from their return and not the total benefit.
yesterday
I am using Windows Desktop Version of Home and Business. I have been using Turbo Tax since 2004. I did click on Amend a Filed Return (Refile a Return That Has Been Accepted by the IRS). The pr...
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I am using Windows Desktop Version of Home and Business. I have been using Turbo Tax since 2004. I did click on Amend a Filed Return (Refile a Return That Has Been Accepted by the IRS). The process was simple. The printed product makes it confusing because the cover sheet in the second block says, " Your amended tax return - Form 1040-X. Remember to sign and date the return. Be sure to attach all forms or schedules that changed to your amended return." BUT The first viewable page is a1040-SR, not a 1040X. Above that page there are 2 blank pages. Could it be that is where the 1040X is supposed to be and the program has a bug or has not been updated? That is the only sense I can make out of this. Need a Turbo Tax tech employee to look at this and provide an answer, PLEASE. Thanks
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yesterday
Original mortgage was paid in full. Since 2018 I have had a HELOC on my residence. Outstanding mortgage principal was $6,000 as of 1/1/2025. In 2025, I withdrew HELOC funds throughout the year which ...
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Original mortgage was paid in full. Since 2018 I have had a HELOC on my residence. Outstanding mortgage principal was $6,000 as of 1/1/2025. In 2025, I withdrew HELOC funds throughout the year which totaled $140,000. These funds were used for home equity debt and for home improvement ($3,800). Ending balance for 2025 was $112,000 since some of the home equity principal was repaid during the year. Total interest paid for 2025 was $4500. Which set of calculations below should be used to determine deductible home interest? Option 1. TURBO TAX CALCULATION: From the Home Interest Worksheet for Schedule A Home Acquisition Interest =total interest paid x (acquisition debt/ending principal balance) $4500 x ($3800/$112,000) =$152 Option 2. USING PUBLICATION 936, TABLE 1 Line 11: Qualified Loan Limit which is the same as home acquisition debt= $3800 Line 12: Calculated the sum of average monthly balances for home equity debt and home acquisition debt =$69,000 Line 13: total interest paid=$4500 Line 14: Line 11 divided by Line 12. $3800/$69000=0.055 Line 15: Deductible Home Interest: Line 13 multiplied by Line14. $4500 x .055=$247 While Option 2 (Pub 936) results in the highest deductible home interest, it requires override of values calculated in Turbo Tax. Option 3. MY CALCULATIONS BASED ON TIMING OF HOME IMPROVEMENT The home improvement costs were incurred in Sep 2025. Ave monthly interest rate =0.693 Time=4 months A=$3800 (1+0.0693/12) e(12x4/12) A=$3,889 Deductible Home Interest =$3889-$3800=$89 I recognize that the amounts are small, but I want to understand the correct calculation method.
yesterday
Technically it's not needed since your are the court appointed Personal Representative. File Form 1310 because it will help and move the return along if there is a refund. Follow the instructions in ...
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Technically it's not needed since your are the court appointed Personal Representative. File Form 1310 because it will help and move the return along if there is a refund. Follow the instructions in the link below to file this form with the return if you choose.
Can I file Form 1310 in TurboTax?
We are sorry for your loss.
yesterday
Royalties would normally be reported on a Form 1099-MISC, in box 2. If you entered that form in TurboTax, then you need to enter the amount in box 2 in response to the question you posted. If you di...
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Royalties would normally be reported on a Form 1099-MISC, in box 2. If you entered that form in TurboTax, then you need to enter the amount in box 2 in response to the question you posted. If you didn't enter a Form 1099-MISC and did not receive royalty income in 2025, you can see if there is a Form 1099-MISC in your program in error and if so, you can delete it as follows:
1. Choose the Tax Tools option on your left menu bar while working on your return
2. Choose Tools
3. Choose the Delete a form option under Other Helpful links
4. Find the Form 1099-MISC in the list and delete it
yesterday
1 Cheer
Please clarify. Are you getting error messages that pertain to Box 14 of Forms 1099-R?
As @RogerD1 stated, if your question is related to a 1099-R giving an error because the state withholdings...
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Please clarify. Are you getting error messages that pertain to Box 14 of Forms 1099-R?
As @RogerD1 stated, if your question is related to a 1099-R giving an error because the state withholdings are greater than the state distribution, you can go back to the 1099-R. On the screen to "Enter your 1099-R details from [custodian]", you can enter the Box 1 Gross distribution amount in Box 16-State distribution and that should clear this error.
Boxes 14, 15, and 16, the state section of the form, are related. TurboTax will determine there is an error if, for example, there is a dollar amount in Box 14 but no information in 15 or 16.
See this tax tips article for more information about Form 1099-R.
@user17736844270
yesterday
How do I report to Intuit a software error found in TurboTax?
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yesterday
You can log into ARAG (Will Builder) from the link here >> Will Builder ARAG - login from the top right corner. Or you can click on Individuals and sign in from there. @megpete36
How ...
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You can log into ARAG (Will Builder) from the link here >> Will Builder ARAG - login from the top right corner. Or you can click on Individuals and sign in from there. @megpete36
How do I get started with my Will Builder account?
What's Will Builder by ARAG® in TurboTax?
yesterday
This is the correct answer for 2024, but California has since changed the rules. See https://www.ftb.ca.gov/forms/2026/2026-540-es-instructions.pdf. There should be a voucher #3 generated for Septemb...
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This is the correct answer for 2024, but California has since changed the rules. See https://www.ftb.ca.gov/forms/2026/2026-540-es-instructions.pdf. There should be a voucher #3 generated for September. It may be the same bug or a new bug, but TurboTax 2025 has a bug in the "Estimated Payments to Make for Next Year's Return" section of the "File by Mail Instructions for you 2025 California Tax Return." It lists Voucher Number 1, 2, and 4, but no 3 and the amounts are using the old/unequal distribution.