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5 hours ago
The disallowed loss should go in the adjustment column with code W.
5 hours ago
This is part of my Federal Schedule E return.
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5 hours ago
No. You do not add them together.
Box 12 of form W-2 can show different numbers each with a different code which mean different things. You have to enter them all.
On the entry screen of ...
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No. You do not add them together.
Box 12 of form W-2 can show different numbers each with a different code which mean different things. You have to enter them all.
On the entry screen of your form W-2, after entering the first line in box 12, click on + Add another Box 12 item, and another line will appear for you to enter the second line, and so on.
See this TurboTax Help article for more information.
5 hours ago
I hae paid state and federal taxes in advance. Where do I enter those amounts in this new version of Turbo Tax?
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5 hours ago
If you are a resident of Tennessee for the all of 2025, in the My Info section of the program you should have indicated that your Resident state was Tennessee. If you did not live in another state i...
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If you are a resident of Tennessee for the all of 2025, in the My Info section of the program you should have indicated that your Resident state was Tennessee. If you did not live in another state in 2025 or make money in another state in 2025 then you should have answered NO to those questions in the My Info section.
When you a resident of a state for the entire year, the program will not ask you for your residency dates.
Since you are resident of Tennessee leave boxes 15, 16 and 17 blank (empty) on the TurboTax W-2 or on the TurboTax Form 1099-R boxes 14,15 and 16.
5 hours ago
Not necessarily.
The Qualified Overtime Deduction is defined as the “half” portion of “time-and-a-half” compensation that is required by the Fair Labor Standards Act and reported on a Form W-2,...
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Not necessarily.
The Qualified Overtime Deduction is defined as the “half” portion of “time-and-a-half” compensation that is required by the Fair Labor Standards Act and reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.
As an example, if the employee’s regular rate of pay is $20 per hour and the employee worked one hour of overtime, the employee’s full overtime pay would be $30 ($20 x 1.5). The Qualified Overtime Deduction would be $10.
Even if your union contract negotiated overtime pay of $40 per hour, the Qualified Overtime Deduction would remain $10 because the deduction is defined by what is required by the Fair Labor Standards Act.
Other Qualified Overtime Deduction information:
Maximum annual deduction is $12,500 ($25,000 for joint filers).
Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).
The deduction reduces federal income tax liability, it does not exempt overtime pay from Social Security and Medicare taxes. Employees will still owe these taxes on their overtime earnings.
Taxpayers filing as married filing separately are not eligible for the deduction.
The deduction is available for both itemizing and non-itemizing taxpayers.
See this TurboTax Help.
5 hours ago
where are you entering this because TN does not have a personal income tax? All you should need to do is answer that you lived there all year
5 hours ago
My daughter used my copy of TurboTax to prepare her California state and Federal income tax. She finished up a couple of days ago. She chose NOT to e-file her state income taxes but the Filing I...
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My daughter used my copy of TurboTax to prepare her California state and Federal income tax. She finished up a couple of days ago. She chose NOT to e-file her state income taxes but the Filing Instructions page states: "Do not mail a paper copy of your tax return. Since you filed electronically, the Franchise Tax Board already has your return." I was looking over her shoulder as she finished her tax return and she did not select the option to e-file. There is no charge on any credit card. Going back into the file and selecting "Check e-file status" reports that only her Federal tax has been e-filed. So what's the problem here?
5 hours ago
Just to clarify what you did.
Did you remove the value in Box 11?
Or did you un-click something else?
5 hours ago
Do I add them all together, or just use one?
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5 hours ago
Yes, Cobra premiums can be claimed as Medical expenses.
You can claim all medical and dental bills, prescription drugs and health insurance premiums paid out-of-pocket as Medical Expenses in Sc...
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Yes, Cobra premiums can be claimed as Medical expenses.
You can claim all medical and dental bills, prescription drugs and health insurance premiums paid out-of-pocket as Medical Expenses in Schedule A - Itemized Deductions.
The IRS has an extensive list of what you can and can’t deduct.
For tax year 2025, Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.
Please note that Itemized Deductions will only benefit your taxes when they exceed your standard deduction.
For tax year 2025, standard deductions are:
$31,500 for married couples whose filing status is “married filing jointly” and surviving spouses;
$15,750 for singles and married couples whose filing status is “married filing separately”; and
$23,625 for taxpayers whose filing status is “head of household.”
The additional standard deduction for a blind taxpayer—i.e. a taxpayer whose vision is less than 20/200— and for a taxpayer who is age 65 or older at the end of the year is for each instance:
$1,600 for married individuals; and
$2,000 for singles and heads of household.
Here's how to enter your medical expenses in TurboTax:
Open or continue your return.
Navigate to the Schedule A section:
TurboTax Online/Mobile: Go to Schedule A.
TurboTax Desktop: Search for Schedule A and then select the Jump to link.
5 hours ago
yes. medical insurance
5 hours ago
PAYMENT API SOLUTION FROM MY TESTING WITH INSTALL OF THE SUPERPATCH To let you all know, spoke with a senior supervisior who looked into the development phases of TurboTax and identified that the cu...
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PAYMENT API SOLUTION FROM MY TESTING WITH INSTALL OF THE SUPERPATCH To let you all know, spoke with a senior supervisior who looked into the development phases of TurboTax and identified that the current software should have a patch for the problems of entering months 9-12 into the PAYMENT API. So in order to test I cleared cache restarted the cmputer, restarted chrome and downloaded https://patchdelivery.turbotax.intuit.com/w_perrelsuperpatchIS_ttax_2025.exe , and lastly found the file in the downloads directory and double clicked for installation. I added a state of Idaho with business income in schedule C (to add a new state to test). Once that new schedule C was complete (simply for testing purposes) I forced calculation of the ID state in order that the payment API gets executed and prepared the system for printing the new state return. NEW/UPDATED PAYMENT API screen shots They increased the screen real estate to enable full clickable choices New Month popup showing all months PAYMENT API WITH ALL MONTHS Here's what you have to do to fix the PAYMENT API problem... update your TurboTax to the recent Superpatch as listed below..... Turbotax will not automatically update the payment api as a software update from what I see, must be done this way to get the full patching. Manually Update TurboTax for Windows Software If you're having trouble automatically updating TurboTax 2025 for Windows, you can manually update it by following these steps: Close TurboTax. Select this link to download the update. Open the file w_perrelsuperpatch... and install the manual update.
5 hours ago
why should we speculate? Every return is different. call them
5 hours ago
The IRS allows the rounding of numbers on your tax return. You can be comfortable not posting the 14 cents.
5 hours ago
Do COBRA premiums count as medical expenses?
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5 hours ago
Father passed away and had taken 2/3 RMD for year. 3 sons inherited IRA and remaining distribution was taken by 2 of 3. Turbo Tax is asking about the Full RMD needed for the year and it appears we a...
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Father passed away and had taken 2/3 RMD for year. 3 sons inherited IRA and remaining distribution was taken by 2 of 3. Turbo Tax is asking about the Full RMD needed for the year and it appears we are being taxed for the full RMD and not the partial that is attributed to us. Should I put the Full RMD amount due, including what has been taken or 1/3 of remaining RMD amount?
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5 hours ago
If you are expecting a refund, we recommend that you wait to amend until after the IRS has processed your original return and you have received your refund.
To amend your tax return, please rea...
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If you are expecting a refund, we recommend that you wait to amend until after the IRS has processed your original return and you have received your refund.
To amend your tax return, please read this TurboTax article.
5 hours ago
My daughter has a realized gain of $0.14 and turbo tax is asking her to go from turbotax deluxe to turbotax premium, she has barely one investment. Why can she just do it in turbotax deluxe. i have...
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My daughter has a realized gain of $0.14 and turbo tax is asking her to go from turbotax deluxe to turbotax premium, she has barely one investment. Why can she just do it in turbotax deluxe. i have various investments and never had to use premium. What can we do?
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6 hours ago
How long does NY take normally. This is my first year here.
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