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yesterday
Thank you. Ok, this makes sense. But, if I want to e-file, can't I just put the dummy SSN and then e-file?
yesterday
You can convert your Online purchase to Desktop following the instructions below and in this help article:
Install and/or open your 2025 TurboTax Desktop.
If you haven't purchased TurboTa...
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You can convert your Online purchase to Desktop following the instructions below and in this help article:
Install and/or open your 2025 TurboTax Desktop.
If you haven't purchased TurboTax Desktop software, select the product you need to complete your return.
Important: If your return includes a state, make sure you also install the corresponding state program(s) in order to proceed.
Select Continue From TurboTax Online.
Sign in to your Intuit Account.
Your data will be imported into TurboTax Desktop, and your return will open once data transfer is complete.
yesterday
No, it used it up. Each year you get to first offset the carryover loss against any and all gains you have each year so that can use more of it up. Then after applying the loss to the current gains ...
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No, it used it up. Each year you get to first offset the carryover loss against any and all gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year.
yesterday
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yesterday
In order for Schedule K-1 income to be excluded from Net Investment Income reported on Form 8960, you must indicate that you are a Real Estate Professional at the beginning of the Rental Properties i...
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In order for Schedule K-1 income to be excluded from Net Investment Income reported on Form 8960, you must indicate that you are a Real Estate Professional at the beginning of the Rental Properties interview.
Log into TurboTax Online and open your return.
Go to Wages & Income >> Rental Properties & Royalties.
Edit your first Rental Property.
On the Property Info page, click the pencil icon (edit) to the right of Rental property info (under the house icon).
Under Owner Info, confirm there is Yes under Real Estate Professional, or click Edit to change your answer.
Continue back to the Rental Summary page.
Review all your rental properties to indicate that you materially participated and if the activity qualifies as a trade or business.
Also review your Schedule K-1 entries that may report rental income.
After you complete this process, you should see any qualifying income excluded from Form 8960 Line 4(b). The detail for this line is reported on the Form 8960 Worksheet, which is part of your complete return (not an IRS form).
yesterday
1 Cheer
@dsd89 ,
(a) you can file MFS ( Married Filing Separate ), use Standard deduction ( if you have been in the USA for the whole of 2025, and leave the spouse's income out of US taxes
OR
(b) yo...
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@dsd89 ,
(a) you can file MFS ( Married Filing Separate ), use Standard deduction ( if you have been in the USA for the whole of 2025, and leave the spouse's income out of US taxes
OR
(b) you can file MFJ, open spousal income to US taxes ( although she/he may be able to exclude the foreign income based on Foreign Earned Income exclusion ), fill out a form W-7 and include all the required documentation requesting ITIN and also a request signed by both for her/him to be treated as a resident.
Either path -- MFS / MFJ--- prepare the return using TurboTax, use a dummy SSN like 427-46-5000, when all done, print, replace the dummy SSN with "N R A", sign ( as appropriate ), date and file by mail.
Does this make sense ?
yesterday
Sorry Online is only good for 1 return per account. And you need a different email address for each account. You can start another return in TurboTax Online by: Logging out if you are in your acc...
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Sorry Online is only good for 1 return per account. And you need a different email address for each account. You can start another return in TurboTax Online by: Logging out if you are in your account Choose what TurboTax Online product you want to use for the second return https://turbotax.intuit.com/personal-taxes/compare/online Create your account screen Set up a new login for the second return Start working on the new return
yesterday
I inputted the 6-digit PIN in "Other Tax Situation," then proceeded to E-file. In the Signature page TT still accepts only 5-digit PIN. Therefore, I cannot E-file.
yesterday
Sorry to hear it's still a problem for some. It took a while to get an answer before. I know the fix came from the TT side for many of us. One thing that probably helped was to have the returns su...
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Sorry to hear it's still a problem for some. It took a while to get an answer before. I know the fix came from the TT side for many of us. One thing that probably helped was to have the returns submitted separately on the electronic filing. First the Federal, then the State return after (or maybe try the other way around if that doesnt' work?). The problem seemed to be with the state return setup for accepting them electronically.
yesterday
Filing Married Jointly I had a total capital loss of $7,379.00 in tax-year 2024 (the gain of $6,700.00 was of the net short-term type and losses of $14,079.00 were of the net long-term type). ...
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Filing Married Jointly I had a total capital loss of $7,379.00 in tax-year 2024 (the gain of $6,700.00 was of the net short-term type and losses of $14,079.00 were of the net long-term type). Capital loss carryover to tax-year 2025 was thus $4,379.00, but only $3,000 can be used. $4,379.00-$3,000.00=$1,379.00 would carry over to tax-year 2026, right (adjusted based on whether there was a loss or gain in tax-year 2025)? In tax-year 2025, I had a gain of $3,175.83 (total gains of $7,920.83 were again of the net short-term kind and losses of $4,745.00 were of the net long-term kind). So, total gain was $7,920.83-$4,745.00=$3,175.83. Now, the capital gain in tax-year should be $3,175.83-$3,000.00 (carryover from tax-year 2024)=$175.83, correct? In the Desktop version of TT, it says that there is the carryover loss is 0 to tax-year 2026. Shouldn't it be $1,379.00 (this is the amount in excess of the allowable $3,000.00 single year carryover)-$175.83=$1,203,17? Cheers, JJ
yesterday
This is the error code: Identity Protection Personal Identification Number (IPPIN) Reject Code IND-181-01
yesterday
If you answer No to ROTH it defaults to Traditional. You don't have to tell it Traditional. What code is in box 7 on the 1099R?
yesterday
If the payment screen is saying your address is invalid and it is not, you can try the steps listed below to resolve this.
Clear your cache and cookies. Please click here for instructions o...
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If the payment screen is saying your address is invalid and it is not, you can try the steps listed below to resolve this.
Clear your cache and cookies. Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cookies.
Try using a different browser such as Chrome or Firefox
Turn off your anti-virus temporarily and your firewall
If you are using a VPN, disconnect it
Try working in incognito mode
You can temporarily change your address in TurboTax to match your card's billing address to complete the payment
Compare your address in TurboTax to what is on your last year's tax return. The address must exactly match what the IRS has on file.
If you recently moved, try the address on your previous year's tax return.
Remove all commas, periods, and special characters from your address
Try using a different payment method like direct debit (checking/savings account)
Check the address in the "My Info" or "Personal Info" section of your TurboTax program, as that is the address sent to the IRS
Try deleting and re-entering your address
If these methods do not work, you can contact TurboTax Customer Support using this link: Turbo Tax Customer Support.
If your address continues to be rejected, you can use these alternatives to submit your $69 payment.
If you need to pay your TurboTax fees, you can pay by phone.
You can select to submit your payment to the IRS by mail. This may allow you to e-file. You will use Form 1040-V.
You can also pay the IRS directly by phone. To make a payment, call 1-800-829-1040.
You can pay directly on the IRS Direct Pay website using your bank account
See Also:
How do I file my return by mail?
Please return to Community if you have any additional information or questions and we would be happy to help.
yesterday
Both my fiance and I work and do not receive money from our parents.
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yesterday
They're is no option to write that. Only a box to check if you rolled it over to a Roth. No box for a traditional.
yesterday
You can select yourself as the policy owner because they are your dependent.
The income will be based on the income for the entire household.
You can enter their 1095-A information direct...
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You can select yourself as the policy owner because they are your dependent.
The income will be based on the income for the entire household.
You can enter their 1095-A information directly into your tax software.
To enter a 1095-A in TurboTax, you can follow these steps
Select Tax Tools
On the drop-down select Tools
There will be 2 green boxes
Select Topics Search
Type the 1095-A
Continue through the questions and it will be posted to your return.
On the 1095-A, you should not enter "0" zeros.
This will cause a Review Error.
Simply leave the area blank.
yesterday
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yesterday
Please read the section starting on page 13 in Pub 575 under Simplified Method and go look at Worksheet A for the calculation. This will allow you to see exactly how the calculation is done.
"W...
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Please read the section starting on page 13 in Pub 575 under Simplified Method and go look at Worksheet A for the calculation. This will allow you to see exactly how the calculation is done.
"With 21,000, and a yearly recovery of 1,000, it will take 21 years for me to recover. I don't believe I have 21 years in me." - If I am not mistaken, you have already received 15 years worth of annuity payments ("Mine started in 2011"), so you should have recovered the large portion of the "cost" or "basis" already (which I think was your point).
Please understand that this whole process is not to the advantage of the IRS, but to that of Congress, the fellows who write and pass the underlaying laws on which the Tax Code is based. It's not like the IRS employees or department collect a percentage (unlike, say, tax collectors in the New Testament who paid themselves out of what they collected).
More importantly, the only people who can change the process are your elected representatives.
So if you have a question on a specific line on Worksheet A, please let me know.
yesterday
I am in college and I am still currently a full-time student. I was only a part time student for the spring semester last year.
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