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yesterday
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yesterday
@douermom wrote: When I have the sale of rental property entered in schedule E, it allowed all the loss, and put the loss in line 8 on form 1040. Is it correct? While we can't be sure wit...
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@douermom wrote: When I have the sale of rental property entered in schedule E, it allowed all the loss, and put the loss in line 8 on form 1040. Is it correct? While we can't be sure without seeing everything, it is common. The sale of your Passive Activity (the rental) allows any suspended Passive Losses to be used. If you had suspended losses, yes, it is common that will trigger a negative income for the rental (which starts on Schedule E, then flows to Schedule 1, and eventually shows up on line 8 of Form 1040).
yesterday
The software does not like zeros for 1095A. If your 1095A has a zero, leave that space blank in the software.
yesterday
No.
You cannot deduct your dependent's health plan as Self-employed health insurance.
The IRS says in this document page 1:
For self-employed individuals filing a Schedule C (Form 1...
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No.
You cannot deduct your dependent's health plan as Self-employed health insurance.
The IRS says in this document page 1:
For self-employed individuals filing a Schedule C (Form 1040) or F (Form 1040), a policy can be either in the name of the business or in the name of the individual.
yesterday
I filed efile and mailed a check to IRS on 3/19--Check was cashed on 3/25/26 by FRB Cleveland( [removed]) . The checking account number was not one previous listed with Turbotax on my account ---but...
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I filed efile and mailed a check to IRS on 3/19--Check was cashed on 3/25/26 by FRB Cleveland( [removed]) . The checking account number was not one previous listed with Turbotax on my account ---but the check was immediately processed and cashed by the IRS .
It looks to me that all was processed -OK- and taxes were paid and cashed on 3/25/26
?? James [PII removed}
yesterday
Other things to try:
While the TurboTax desktop application for Mac lacks a zoom feature similar to the Windows version, you can increase font sizes through specific view settings or macOS syst...
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Other things to try:
While the TurboTax desktop application for Mac lacks a zoom feature similar to the Windows version, you can increase font sizes through specific view settings or macOS system tools, you can try the following options:
Forms Mode Scaling: In the Forms view, press Command + , (comma) to open the "Form Scale" dialog. This allows you to adjust the tax form font size between 50% - 200%.
Keyboard Shortcuts: Try Command + Plus (+) or Command + Minus (-) to see if you can zoom in and out on the active window.
Accessibility Zoom:
Open the Apple menu > System Settings > Accessibility > Zoom.
Enable "Use scroll gesture with modifier keys to zoom."
Hold Control and scroll up with your mouse or trackpad to zoom in specifically on the TurboTax interface.
Lower the screen Resolution
yesterday
Do you have an income tax question for the user forum?
yesterday
Why are you surprised that adding over $40K of income changed your results from getting a refund to owing tax due? Was any tax withheld from the distribution that was on that 1099R?
yesterday
Topics:
yesterday
If you receive Social Security benefits, your Medicare is deducted from your SS. When you enter the SSA1099 for your Social Security, the amount paid for Medicare flows automatically to the med...
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If you receive Social Security benefits, your Medicare is deducted from your SS. When you enter the SSA1099 for your Social Security, the amount paid for Medicare flows automatically to the medical expense section of the software, so do not enter it again.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
yesterday
I've been using Turbotax for decades, So I am very familiar with TurboTax. There is a bug in the Colorado tax estimated Tax section. In the Estimated Tax Worsheet the program entered a number for...
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I've been using Turbotax for decades, So I am very familiar with TurboTax. There is a bug in the Colorado tax estimated Tax section. In the Estimated Tax Worsheet the program entered a number for Part 1 line 1a for the 100% (110%) of 2025 taxes (default) of $1923 when my actual CO taxes were $5248. The number $1923 does not appear anywhere on my Colorado form 104. I have no idea where it got that number. THAT IS A BUG!!!! As a result it calculated my quarterly estimated taxes for CO to be $481 when it should have been $1,312. Had I used the info from the program, I would have incurred an underpayment penalty next year, which I suppose TurboTax should cover, but I wouldn't hold my breath. I called in to the support line and in the middle of the conversation they hung up on me. When I called back, wait time went from 2 minutes to 20-30. I welcome support to contact me if they want more info
yesterday
Yea same freakin $169 for no reason
yesterday
I own a home that was continuously rented from 2006 to February 2024. Upon being vacated, the home underwent massive mold remediation. This snowballed into a much larger project, and as a result, the...
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I own a home that was continuously rented from 2006 to February 2024. Upon being vacated, the home underwent massive mold remediation. This snowballed into a much larger project, and as a result, the home was vacant for all of 2025, and is still undergoing very slow renovations which include both repairs and improvements. The rental registration fee was paid to the city for 2024, 2025, and 2026 since we planned to keep it as a rental. It will not be sold, but now the possibility exists for it to be converted to personal use in 2026. Should the property taxes, insurance premiums, repairs, and utilities be entered on the 2025 return as expenses for this property since it was being maintained as a rental for the year? Is my understanding correct in that the improvements should not be entered for 2025 since the property was not available for rent during that time? I understand that any loss of rental income for 2025 is not deductible. I also entered an improvement during 2024, which started depreciation on that improvement. I am now questioning whether I should have entered it for 2024 since the home remained vacant after the improvement date. My questions stem not from a concern about my current tax liability, but rather from ensuring that I correctly enter the information to avoid any negative consequences in the future. Any guidance would be most appreciated. Thank you.
yesterday
I worked up a mock return using the information you gave in your example. Form 2441 ended up showing both the $60,000 wages and the $2,000 wages on line 18 and 19 in Part III. It ended up with a $2...
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I worked up a mock return using the information you gave in your example. Form 2441 ended up showing both the $60,000 wages and the $2,000 wages on line 18 and 19 in Part III. It ended up with a $200 credit for the Child and Dependent Care credit and $3000 of taxable income from the employer dependent care benefits reported on line 1e of Form 1040.
I'll share the entries I put in for the Child and Dependent Care credit and you can check in they agree with those that you have:
Let's get some details to help maximize your credit - none of these apply
Summary of dependent care expenses - $5,000 care expenses for the dependent
Your expenses for care providers - $5000
Carryovers from prior year used in 2025 - $0
Let us know about these uncommon situations - both marked No
Congrats! You qualify for the credit. Amount of $200 for the credit
If any of your information differs from what I entered for carryovers or the uncommon situations, that will change the outcome.
yesterday
Also noticed this: I have a large K-1 loss, which made my total rental and k-1 incomes to be negative. When I have the sale of rental property entered in schedule E, it allowed all the loss, and put ...
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Also noticed this: I have a large K-1 loss, which made my total rental and k-1 incomes to be negative. When I have the sale of rental property entered in schedule E, it allowed all the loss, and put the loss in line 8 on form 1040. Is it correct?