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I was told to submit a Form 5329 but I can't find it in Turbo Tax.
The AI says to do it with the Federal section, but I need to do it for state
We in the Community cannot see your private tax data nor the screen you are on. So help us help you.   What state are you talking about?
Thanks Marilyn. I figured out why the Rental Activity was being labeled Nonpassive for Sch E. I marked the activity as Land instead of Commercial Rental Property. When I changed the activity coding, ... See more...
Thanks Marilyn. I figured out why the Rental Activity was being labeled Nonpassive for Sch E. I marked the activity as Land instead of Commercial Rental Property. When I changed the activity coding, Turbotax made it passive and it flowed to the 8582 as passive income and offset passive losses against it, which is what I was expecting. I'm all set.
The only way to get around your issue, if you so chose would be file your federal return as is.  Save it.  Then call it up and save it as MASS filing, and change the sales to business inventory sales... See more...
The only way to get around your issue, if you so chose would be file your federal return as is.  Save it.  Then call it up and save it as MASS filing, and change the sales to business inventory sales vs. securities.  I do not condone it, Mass instructions do NOT support this.  You can then e-file the state return as a business Schedule C income/losses and know you have 2 different files, one just for state.
I planned to sell a house in 2025, so I started an amendment on my 2024 return, just to see what it would look like. When I started my 2025 return, it imported this draft amendment. (Why??)   Now t... See more...
I planned to sell a house in 2025, so I started an amendment on my 2024 return, just to see what it would look like. When I started my 2025 return, it imported this draft amendment. (Why??)   Now the 2025 return thinks I sold a house in 2024. I've cancelled the amendment in 2024; it didn't change anything in 2025.   * How do I have 2025 re-import the 2024 data? *
I have filed taxes for years and never had a problem with this. Can I not file taxes?
Turbo Tax will not attach a federal form 6251 (pertaining to Alt. Min. Tax) to my MN state return, which seems to require it in order to be e-filed.  TTax has the form filled out in the federal retur... See more...
Turbo Tax will not attach a federal form 6251 (pertaining to Alt. Min. Tax) to my MN state return, which seems to require it in order to be e-filed.  TTax has the form filled out in the federal return, but with the conclusion that we do not subject to any AMT.
@markmatty    There are hundreds or even thousands of bank/CU institutions that do not provide a downloadable 1099-INT form for their customers.   Look lower on the page where you would normally ... See more...
@markmatty    There are hundreds or even thousands of bank/CU institutions that do not provide a downloadable 1099-INT form for their customers.   Look lower on the page where you would normally make the selection...to "Enter Another Way"...or "Type it in myself".   Possibly both selections on subsequent pages.  Don't try  to upload a picture or PDF of that form...too many computer AI mistakes cause complications....Just Type it in...yourself.
This app was one of the reasons I used TurboTax over the other companies.   I never got a notification about this. And it wasn't until I went to access it for this year that I noticed it was gone. ... See more...
This app was one of the reasons I used TurboTax over the other companies.   I never got a notification about this. And it wasn't until I went to access it for this year that I noticed it was gone. And now I can't access past forms? That's how I make sure to include everything every year.  Lesson learned not to go fully digital and paper is still our friend.   Anyone have success in getting their old data?
on my wifes 1099r at the end it asks when she passed away she did not pass away
Yes, CT allows 529 contributions as a deduction. Open to your Connecticut state return. Continue through the interview until you reach a screen titled "Here's the income that Connecticut hand... See more...
Yes, CT allows 529 contributions as a deduction. Open to your Connecticut state return. Continue through the interview until you reach a screen titled "Here's the income that Connecticut handles differently" (or a similar variation). Locate the Education Section Select CHET Contributions. Start/ edit  Yes, contribution enter amount when box appears no larger than allowed for your filing status. The limits for the 2025/2026 tax years are: $5,000 for single filers, head of household, or married filing separately. $10,000 for married couples filing jointly.   Note on Carryovers: If you contributed more than the annual limit, Connecticut allows you to carry forward the excess amount for the next five taxable years. TurboTax should help you track this if you used the software in previous years.
We received a 1099S for a sale of a portion of the easement of our primary residence. How is that handled within the tax software?