All Posts

You enter this in the 1099-DIV entry menu; on the first page, at the bottom (beneath boxes 1a, 1b, and 2a) select the checkbox for "My form has info in other boxes (this is uncommon)." to open the data entry fields for box 2f. To navigate to the 1099-DIV screen, follow the FAQ steps for your product:    To enter this in TurboTax Online: Go to the Did you have investment income? screen in the Income section under Wages & Income and select Yes. Select +Add investments if you arrive at one of these screens: Let’s finish pulling in your investment income Your investments & savings Here's your 1099-DIV info On the Let's find your account screen, you have a choice for how to enter your 1099-DIV: To import your form: Select your bank or brokerage from the list. Enter your sign-in info for your online account. Select Get my form.  Select Enter a different way, then on the How do you want to add your investment docs? screen, you can either upload, snap a photo, or select Type it in myself to manually enter the info. On the OK, let's start with one investment type screen, select 1099-DIV and continue.  Follow the on-screen instructions to enter the info from your 1099-DIV. To enter this in TurboTax Desktop: Go to the Did you have investment income? screen by navigating to Federal Taxes > Wages & Income > I’ll choose what I work on > Interest and Dividends > Dividends on 1099-DIV > Start or Update and select Yes. Select +Add investments if you arrive at one of these screens: Let’s finish pulling in your investment income Your investments & savings Here's your 1099-DIV info You have a choice for how to enter your 1099-DIV: To import your form: Select your bank or brokerage from the list. Enter your sign-in info for your online account. Select Get my form.  Select Skip Import, and on the OK, let's start with one investment type screen, select 1099-DIV and continue.   Follow the on-screen instructions to enter the info from your 1099-DIV.

If you did not take your RMD and would like to request a waiver via Form 5329 in TurboTax, do the following:   Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income Click on the pencil to the right of the 1099-R Click Continue through the entries you've made, Continue, answering through next screens When you reach, "Let's get more information about your Required Minimum Distribution (RMD), enter the amount of your RMD that was due by December 31, 2025 (but did not take), Continue On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?" Select "None of this distribution applied...", Continue Next, you will be asked, "Did you take out the remaining $_ during the correction window?", Select, "No, I did not", Continue When you reach, "Review your 1099-R summary, Continue (not the pencil) When you reach, "Let's go over any required minimum distributions (RMD), Select the pencil Next, you will see, "Did you miss taking the...RMD...?", Select Yes, Continue Enter the amount of the RMD (that you should have taken) when you reach, "Tell us the Total RMD...", Continue Select "No", when asked, "Did you take a corrective distribution...?", Continue Do you want to request a waiver, select, "Yes", Continue Next, enter the amount of your RMD for which you are requesting the waiver, Continue Next, enter an explanation, Continue

No one in the user forum can see your return or your account.   If you are using online Deluxe or online Premium, there are separate fees for federal and state returns. TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible. Examples of situations included in a simple Form 1040 return (assuming no added tax complexity): W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions   Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules        How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/    

The child tax credit and additional child tax credit are only available for children under the age of 17.   For the ones over 16, you can only get the non-refundable $500 credit for other dependents.   For the child who is 10: Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2025 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.   If your dependent was a full-time college student, make sure you were careful on the MY INFO screen for “Uncommon situations” and that you indicated there that they were a student.   Have you entered income from working in 2025?  If not,  you will not receive an income tax refund based on having dependent children.     The maximum amount of the child tax credit is now $2200 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.   Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you canget—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.    If your child is older than 16 at the end of 2025, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents     And for the Earned Income Credit—-   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09   https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant   https://www.irs.gov/pub/irs-pdf/p596.pdf   Look at your 2025 Form 1040 to see the child-related credits you received   PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   Child Tax Credit line 19 Credit for Other Dependents line 19 Earned Income Credit line 27 Additional Child Tax Credit line 28  

If you have interest to report related to the sale of an asset (duplex) then it sounds like an Installment Sale.  An installment sale is a sale where you receive at least one payment after the tax year of the sale.  To report an Installment sale in TurboTax:   1. Go to the Wages & Income section. 2. If prompted, select I'll choose what I work on. 3. Scroll to Less Common Income and select Start or Update next to Installment Sales. 4. Check the box for sales where you receive payments over two or more tax years (installment sales), then select Continue. 5. Answer Yes to whether you want to report an installment sale. 6. Enter the details of your sale as prompted to let TurboTax calculate your gain.   The program will prompt you to enter any interest received, which will be reported on Schedule B.

Yes, you may.  To report expenses under Self-employment income and expenses, follow these directions.   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Scroll down to Self-employment click on the dropdown menu. Click Start/Revisit to the right of Self-employment income and expenses. At the screen Your 2025 self-employed work summary, click the pencil icon to the right of the self-employment activity. At the screen Here's your XXX info, under Expenses, click an individual expense, or click Import expense transactions or Add expenses for this work.

If you are getting enrollment status must be entered in your TurboTax program, it usually happens in TurboTax when a Form 1098-T is entered without specifying if the student was at least half-time. Be sure to re-select your enrollment status (For example: at least half-time, full-time, or less than half-time).   To fix this, you can delete and re-enter your Form 1098-T using the steps listed below.   To delete Form 1098-T if you are using TurboTax Online: In your left panel of your TurboTax screen click on "Tax Tools" And then Click on "Tools" Click on "Delete a Form" Scroll through your list of Forms Click the garbage can next to "Form 1098-T"  To delete Form 1098-T if you are using TurboTax Desktop, you can: Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode" In your left panel scroll down and look for "Form 1098-T" In your right panel at the bottom of Form 1098-T, click on "Delete Form" Click on "Yes" to confirm the deletion. To re-enter your Form 1098-T and review your entries, you can: Click on Search at the top right of your TurboTax screen Type Form 1098-T in the search box Click on the link Jump to Form 1098-T and Enter Your screen will say Did you have education expenses? Answer Yes and Continue Your screen will say Tell us which person was a student in 2025 Answer and Continue Your screen will say Let's get XXX education info Was XXX working on an Associate, Bachelor or Graduate Degree Answer Yes and Continue Your screen will say Did XXX have any of these common situations in 2025?Answer and Continue Your screen will say Did XXX have any of these uncommon situations in 2025? Answer and Continue The following screen is What was XXX's enrollment status in 2025? Answer Full-time, At least half-time or Less than half-time and Continue Continue through your TurboTax screens and make sure all follow-up questions were answered correctly   In some cases, deleting the student as a dependent and re-adding them, then re-entering the 1098-T, is necessary to resolve the issue.

Hi Dave, I have the same question.   My previous CPA used 30 years for the CA state return 2024. However, TurboTax is now forcing 40 years for the CA return 2025. I’ve consulted two other CPAs, and they also suggest 40 years for California. My Understanding: After some research, it seems that although SB 711 was recently passed to update CA's conformity date, it might not apply to the 2024 tax year yet. Therefore, CA is still tied to the old 40-year ADS rule because it hasn't conformed to the TCJA's 30-year update for foreign rentals depreciation. My Questions: Is it correct that for the 2024 tax year, California still requires 40 years for foreign residential property while Federal uses 30 years? and for 2025 taxt year, it is still 40 years?  Has anyone successfully used 30 years for CA and survived an FTB audit, or is the 40-year "adjustment" the only legal way? If my previous CPA used 30 years for CA, should I file an amended return, or just "correct" it to 40 years starting 2025?

Very little ever transfers from a pdf---usually only a few bits of personal information like your name, SSN, date of birth, etc.   And the pdf you are trying to use came from somewhere that used a different software program.   If you want to use TurboTax for 2025 you will need to start the return from scratch.

This is a bug in TurboTax that has been present for many years (at least as far back as 2008 TurboTax), triggered when you have an excess traditional IRA contribution carried in from the previous year (line 9 of Form 5329) and you also received a distribution from an inherited traditional IRA in the current year.  Distributions from inherited traditional IRAs are never to be included on line 11 of Form 5329 (because they do not correct excess contributions in your own IRAs).   The instructions for line 11 say, "Enter on line 11 any withdrawals from your traditional IRAs that are included in your income."  As I sure you are aware, an inherited IRA is not "your" IRA, it is an IRA of the decedent  maintained for your benefit as beneficiary.   I don't think that there is any workaround other than an override on line 11 in the desktop version of TurboTax.  That would block you from e-filing, so you would have to mail your tax return.   Perhaps @ReneV4 or @DoninGA can pass this bug report to the moderators.   @MLMcQ , if you obtained a return of an excess 2024 traditional IRA contribution before the due date of your 2024 tax return, including extensions, you have no excess carried into 2025 and you would need to correct that in 2025 TurboTax.  If you have no excess carried into 2025, this bug is not triggered.

@PatriciaV wrote: According to the IRS Instructions for Schedule K-1 (Form 1041) Box 11, amounts reported on Form 1041 Schedule K-1 Box 11 Code B (non-miscellaneous itemized deductions) should be reported on the applicable line of Schedule A. They are reported on the applicsble line of Schedule A BUT NOT Line 16 for the entire amount entered unless it is one of the items speficially stated to be reported on Line 16 by the IRS.

You need a Qualified Manufacturer Identification (QMID) code to claim the federal tax credit for your new water heater installed in 2025.   If you do not have a QMID (Qualified Manufacturer ID) for your product, you can contact the manufacturer directly to request their 4-digit code. The QMID is assigned to the manufacturer, not the installer.   You can also try checking with your installer for it or it may be on your  "Manufacturer Certification Statement," which should list the necessary information for Form 5695, including your QMID. You can try googling it.   If you had improvement costs for enabling property, such as replacing panelboards or circuits that is addressed in steps 14-15 below.   You can get to these screens in your TurboTax program to answer these questions using the steps listed below:   Click on Search in the top right of your TurboTax screen Type residential energy credit in the search box Click on the link Jump to residential energy credit This will take you to the input screen in TurboTax to enter your information regarding your new water heater Your screen will say Energy Efficient home improvements Answer Yes to I made these energy-efficient improvements or have a carryforward and click on Continue Answer Yes to my home is in the U.S. and Continue through your TurboTax screens  On the screen that says Did you have any of these residential-related clean energy costs in 2025? Answer No and Continue On the screen that says Did you have any of these qualified energy efficient improvements in 2025? Select No and energy-efficient On the screen that says Did you have any of these residential energy property costs in 2025? Click on Yes and Continue On the screen that says Tell us more about the residential energy property, make sure to answer that the home is located in the United States, Did you pay for a home energy audit Yes or No, Was the qualifying energy property originally placed in service by you? Yes Answer the follow-up screens about your new hot water heater On the screen that says Enter your qualified energy property costs, you will enter your QMID and the cost of your hot water heater On the screen Did you install improvements or replacements for enabling property? This is where you say Yes if you installed panelboards, branch circuits etc required to support the improvements, and Continue The next screen says Improvements or replacements installed for enabling property, select the one that applies and enter your QMID and cost you paid for all materials, and Continue Your screen will say Qualified Energy Property Costs How many homes had qualified energy property installed? Select Only one home and Continue On the next screen you will confirm your address and Continue The next screen asks if there were Condo or Co-op shared costs select No and Continue The next screen asks if you had a energy credit carryforward from 2024, answer and Continue    Click here for Where do I enter qualified energy-saving improvements? Click here for Energy-Efficient Home Improvement Credit Click here for 2024-2025 Energy Tax Credit: Which Home Improvements Qualify? Click here for Energy Efficient Home Improvement Credit qualified manufacturer requirements   Please return to Community if you have any additional information or questions and we would be happy to help.     

If your inherited IRA is incorrectly triggering a Form 5329 in TurboTax, follow these steps to delete the incorrect form and re-enter your Form 1099-R:   First, to delete the forms:   In TurboTax Desktop, click on Forms Mode at the top right, then click on 1099-R/5329 and Delete Form at bottom left In TurboTax Online, go to Tax Tools on the right hand panel inside of TurboTax Click on the down arrow and scroll down to Tools Click on Tools and select Delete a form from the menu items that appear in the Tool Center Click on the trash can icon to the right of the Form 1099-R you would like to delete, then delete Form 5329 Follow Steps 1-14 above to re-enter your Form 1099-R and type in your revised explanation   Next, to re-enter your Form 1099-R:   Return to your 1099-R entry by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income Click on the pencil to the right of the 1099-R Click Continue through the entries you've made Note: Box 7 should have Code 4 for an inherited IRA, as well as the IRA/SEP/SIMPLE box checked Ensure you selected, I inherited this IRA, Continue Enter the information about from whom it was inherited, Continue Answer the, "Did you have nondeductible contributions for this IRA?", typically "No", Continue Year when the person from whom you inherited IRA was born, Continue Next, "Let's get more information about your RMD", enter the distribution amount, as your RMD, Continue Next, select, The entire distribution applied to the December 31, 2025 RMD, Continue Next, in the Review your 1099-R summary, Continue (not the pencil) Continue answering the questions Next, when you see "Let's go over any required minimum distributions (RMD), select Continue (not the pencil)