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15 hours ago
Beginning Inventory is reported on your prior year Schedule C Part III Cost of Goods Sold Line 42 (Inventory at the end of year).
Are you required to report inventory? You aren't required to r...
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Beginning Inventory is reported on your prior year Schedule C Part III Cost of Goods Sold Line 42 (Inventory at the end of year).
Are you required to report inventory? You aren't required to report inventory (Cost of Goods Sold) if your gross receipts were under $26 million over the last 3 years. Most small business owners prefer to expense materials and supplies as they are purchased to avoid the additional work required to account for inventory.
If not, and you had no ending inventory last year, you can skip it this year. Or zero out your inventory this year by reporting no purchases and zero ending inventory.
15 hours ago
I amended my 2 of my previous years but made a mistake. Need assistance to get it correct
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15 hours ago
A state tax refund can never be used to pay federal taxes owed for the current tax year.
You will receive the state tax refund and you will need to pay the federal taxes owed.
15 hours ago
You can verify that you scheduled the payment to the IRS by looking at the filing instructions/cover sheet of your printed tax return. That page will give you any instructions for actions you need t...
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You can verify that you scheduled the payment to the IRS by looking at the filing instructions/cover sheet of your printed tax return. That page will give you any instructions for actions you need to take or confirm the choices you made for paying any balance due.
See the following TurboTax help article to learn more about the processing times for payments to the IRS:
When will my tax payment go through?
16 hours ago
Click here for information on how to check the status of your return
16 hours ago
You will get your state refund. They are processed separately. So you will need to make the payment to the IRS and you will receive the refund from the state.
16 hours ago
To track your federal refund, refer to the link below:
Where's my Refund
16 hours ago
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16 hours ago
You may need to use a different browser or clear your cache and cookies and try to submit your return again.
16 hours ago
Go to Hawaii Department of Taxation's Tax Refund Status site and if needed, contact the Hawaii Department of Taxation. State refunds typically take up to 3 weeks for e-filed returns and up to 4 week...
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Go to Hawaii Department of Taxation's Tax Refund Status site and if needed, contact the Hawaii Department of Taxation. State refunds typically take up to 3 weeks for e-filed returns and up to 4 weeks for mailed returns, though processing times vary by state, so you are well over the expected wait time.
16 hours ago
what should I do
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16 hours ago
If you filed with TurboTax Online, you can download your return by following the following steps:
Open or continue your return.
Select Continue or Start on Tax Home to enter your return. ...
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If you filed with TurboTax Online, you can download your return by following the following steps:
Open or continue your return.
Select Continue or Start on Tax Home to enter your return.
Select Tax Tools from the menu.
Select Print Center, choose Print, save, or preview this year's return, and follow the instructions.
If you haven't yet paid your TurboTax Online fee (or registered, if you're using a free version), you'll need to do so before you can save the PDF.
How do I get a PDF of my return?
16 hours ago
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of ...
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To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)
Or -
When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.
This will take you back to the 2025 online tax return.
Click on Tax Tools on the left side of the online program screen. Then click on Print Center. Then click on Print, save or preview this year's return. Choose the option Include government and TurboTax worksheets
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript
For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf
16 hours ago
Let's get you to the Roth questions, which are tucked away in the "Deductions & Credits" section.
Click Federal on the left-hand menu.
Go to the Deductions & Credits tab.
Scroll down t...
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Let's get you to the Roth questions, which are tucked away in the "Deductions & Credits" section.
Click Federal on the left-hand menu.
Go to the Deductions & Credits tab.
Scroll down to Retirement and Investments and click "Show More."
Click Start (or Revisit) next to Traditional and Roth IRA Contributions.
Walk through the screens. It will eventually ask about your 2025 Roth IRA balance (to see if you have an "excess contribution" penalty) and your basis (the "at risk" or "prior year contributions" question).
16 hours ago
If you're using TurboTax Online, rental assets for depreciation are entered under Rental Expenses for the category "Assets."
See also: How do I handle capital improvements and depreciation for ...
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If you're using TurboTax Online, rental assets for depreciation are entered under Rental Expenses for the category "Assets."
See also: How do I handle capital improvements and depreciation for my rental?
16 hours ago
Federal and state refunds come from completely separate entities. There is no rule as to which one will come in first or how long it will be between their arrival in your account.
TurboTax giv...
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Federal and state refunds come from completely separate entities. There is no rule as to which one will come in first or how long it will be between their arrival in your account.
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS.
First, check your e-file status to see if your return was accepted:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
Once your federal return has been accepted by the IRS, only the IRS has any control. TurboTax does not receive any updates from the IRS. Your ONLY source of information about your refund now is the IRS.
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
To track your state refund:
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
If you chose to have your TurboTax fees deducted from your federal refund, that will take some extra time, while the third party bank handles the refund processing
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refunds-take-longer-others/L14YlqFrH_US_en_US?uid=lexdr7zh
.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/irs-refund-taking-longer-21-days/L2vRAJbdU_US_en_US?uid=lexe7lst
If you are getting earned income credit on line 27 or additional child tax credit on line 28 You are subject to the delay required by the PATH act. Do not expect your refund before early March
https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/federal-refunds-delayed-due-path-act/L5jnQJsBi_US_en_US
Note: “Accepted” is not the same as “approved”. TurboTax tells you the e-file was accepted if the IRS deems that there is enough information on the return for them to take it in for processing. Only the IRS can approve of the refund, which is a later stage of processing. If the IRS approves your refund they will provide a date for the refund to be issued.
FROM THE IRS WHERE’S MY REFUND SITE:
https://www.irs.gov/wheres-my-refund
How it works
Where's My Refund shows your refund status:
Return Received – We received your return and are processing it.
Refund Approved – We approved your refund and are preparing to issue it by the date shown.
Refund Sent – We sent the refund to your bank or to you in the mail. It may take 5 days for it to show in your bank account or several weeks for your check to arrive in the mail.
16 hours ago
The reply you sent was the same as the reply by earlier questions. The REAL reason my taxable income of $3,634 resulted in no tax is a $5,065 Long-term Capital Gain and the correct calculation of th...
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The reply you sent was the same as the reply by earlier questions. The REAL reason my taxable income of $3,634 resulted in no tax is a $5,065 Long-term Capital Gain and the correct calculation of the tax. This is buried on the Qualified Dividends and Capital Gain Tax Worksheet which is not part of the filed return.
16 hours ago
Yes, you can. Even though you missed the deadline to request a free 6-month extension, you should still file your tax return immediately to help reduce penalties.
If you owe taxes, try to pay...
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Yes, you can. Even though you missed the deadline to request a free 6-month extension, you should still file your tax return immediately to help reduce penalties.
If you owe taxes, try to pay as much as possible to lower interest, even if you can’t pay it all. You can apply for a payment plan or an installment agreement with the IRS, which may include a setup fee.
To get more detailed information, visit the link below:
Information on payment plans
16 hours ago
why is my processing taking so long?
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