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yesterday
@mikebaker650 ADDENDUM Here's how to see your fees. You might be able to remove something. With your return interview open, in the left menu column click on TAX TOOLS, then TOOLS. In the Too...
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@mikebaker650 ADDENDUM Here's how to see your fees. You might be able to remove something. With your return interview open, in the left menu column click on TAX TOOLS, then TOOLS. In the Tools center click the blue button MY FEES.
yesterday
There is no filing requirement for the child and no report of the child’s income is necessary.
yesterday
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yesterday
@sehanford existing extra standard deduction of $6k for seniors. When you input your proper date of birth, TT will do all your calculations.
For tax years 2025–2028, most seniors (65+) pay no feder...
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@sehanford existing extra standard deduction of $6k for seniors. When you input your proper date of birth, TT will do all your calculations.
For tax years 2025–2028, most seniors (65+) pay no federal tax on Social Security due to a new $6,000/$12,000 deduction, provided income is below $75,000 single/$150,000 joint. While not fully eliminated for all, this deduction significantly reduces tax liability, aiming to exempt 88% of seniors.
Review FORM 8582 to see the calculations TT did for you.
The vast majority will have no tax on their social security, which once again is not a benefit to the richest.
yesterday
To preview your Form 1040 , including the government worksheets before you file, refer to the TurboTax article How do I preview my TurboTax Online return before filing?
Make sure that you sele...
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To preview your Form 1040 , including the government worksheets before you file, refer to the TurboTax article How do I preview my TurboTax Online return before filing?
Make sure that you select include government and TurboTax worksheets.
You will have to pay for TurboTax Online or register if using the free product before you can review all of the forms and schedules.
yesterday
Yes, entering the stock sale info from the K-1 and editing the 1099-B entry as you suggested is a good way to proceed. The broker doesn't have all your partnership info (like correct cost basis), an...
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Yes, entering the stock sale info from the K-1 and editing the 1099-B entry as you suggested is a good way to proceed. The broker doesn't have all your partnership info (like correct cost basis), and you want to preserve your K-1 carryovers properly. Proceeds = Cost Basis would likely cause less scrutiny by IRS than zero'ing out proceeds and basis, though the outcome would be the same, as you mention, so either method is considered acceptable.
@Teep1
yesterday
Thanks. But I know how to add a password outside of TurboTax, but it is a bug that this cannot be done within TurboTax when you save a PDF from TurboTax — especially since I’m given the choice to set...
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Thanks. But I know how to add a password outside of TurboTax, but it is a bug that this cannot be done within TurboTax when you save a PDF from TurboTax — especially since I’m given the choice to set a password. This gives a false sense of security. TurboTax used to do this correctly — all of my prior years’ returns PDFs are correctly password protected.
yesterday
Did you end up in a paid edition? The charges (or free) depends on what edition one ended up using. It's possible you either started off in the wrong edition, or perhaps you started in Free Editio...
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Did you end up in a paid edition? The charges (or free) depends on what edition one ended up using. It's possible you either started off in the wrong edition, or perhaps you started in Free Edition but had to upgrade due to something in your return that Free Edition cannot handle. The Free Edition is only for very simple returns--a Form 1040 with no additional forms/schedules other than Earned Income Credit, Child Tax Credit, and Student Loan Interest. If you think you meet all the qualifications for Free Edition and don't think you need Deluxe or higher, and if you haven't already paid, you can downgrade to Free Edition (second FAQ below). But if there's something that Free Edition cannot handle (see first FAQ below), it will ask you to upgrade again. FAQ: Why do I have to upgrade from Free Edition? https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/upgrade-free-editio... FAQ: How to I downgrade to a lower priced version of TurboTax Online? https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-pri..
yesterday
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yesterday
1 Cheer
You may be able to change some fields on the Federal Carryover Worksheet; however, depending what you want to change, right-click on the field and go to 'Data Source'. You may want to change the amo...
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You may be able to change some fields on the Federal Carryover Worksheet; however, depending what you want to change, right-click on the field and go to 'Data Source'. You may want to change the amount in the interview in the section where carryovers are asked for (or pre-filled) when Amending.
@user17755999820
yesterday
I assume you really mean 2026. Turbotax and this forum can't help you. Once you file, Turbotax receives no additional info on your refund. This forum does not have access to your return or the IRS.. ...
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I assume you really mean 2026. Turbotax and this forum can't help you. Once you file, Turbotax receives no additional info on your refund. This forum does not have access to your return or the IRS.. You'll have to contact the IRS.
yesterday
For my 2026 estimated taxes, I expect withholding from my IRA distribution on my 1099-R. TurboTax is asking only for W-2 withholding, and there I have no employer or wages. My estimated tax payments ...
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For my 2026 estimated taxes, I expect withholding from my IRA distribution on my 1099-R. TurboTax is asking only for W-2 withholding, and there I have no employer or wages. My estimated tax payments are apparently based on some assumed withholding, because they do not come close to covering my tax obligation. Where do I enter my actual expected IRA 1099-R withholding? Should I just invent an employer and wages? This was quite straightforward in TurboTax 2024. Something seems broken in 2025. [EDIT] Now I see that for "Estimated withholding for 2026" it is using "(2025 actual withholding)", and there is apparently no way to change that.
yesterday
They should have taken the "lessens learned" from VINs -Vehicle Identification Numbers - that never use I, O, or Q for a reason........and now here we are.......... I was reading in some forum ab...
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They should have taken the "lessens learned" from VINs -Vehicle Identification Numbers - that never use I, O, or Q for a reason........and now here we are.......... I was reading in some forum about the IRS paying interest on refunds that were not delivered after 45 days, if it was due to an IRS hold up. I'm wondering if anyone that has finally got their refunds paid, had any interest paid to them since this is taking significantly longer than 45 days at no fault of the taxpayer????? I'd be surprised, but thought I would ask.
yesterday
It is not part of the standard deduction. It is a bonus deduction on a separate line. Here's more info on how to view it. For seniors age 65 and older and who meet the other qualifications for...
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It is not part of the standard deduction. It is a bonus deduction on a separate line. Here's more info on how to view it. For seniors age 65 and older and who meet the other qualifications for the new Enhanced Senior Deduction, TurboTax automatically fills out Schedule 1-A in the background and then enters the amount of the deduction on the Form 1040, Line 13b. It is not part of the standard deduction--it is a completely separate deduction on its own line. If you are "married filing jointly" and both qualify, then you both get the new deduction. If you are "married filing separately", however, you are not eligible. Single filers, HOH filers, and qualifying surviving spouse, if they otherwise qualify, are eligible. You appear to be using Online TurboTax--at least that is what a tag shows underneath your question above. If you are still preparing your online return, and want to verify that you received that new senior deduction, here's how you can preview the Form 1040 and confirm you are getting the enhanced senior deduction. If you already printed out a copy of your return, you can view the Form 1040, Line 13b and Schedule 1-A where it was calculated. If still preparing your return, here's how to preview it: With your return open go to the left column menu, and click on TAX TOOLS, then subtab TOOLS. In the Tools window choose "View Tax Summary." On that Tax Summary screen you should see that you are getting "Additional Deductions (Schedule 1-A)." Then, while still on that Tax Summary screen, you can further verify it by going over to the left column menu and under Federal clicking on "Preview my 1040." That opens up the Form 1040 Worksheet. Scroll down to Line 13b, and the figure there includes the enhanced senior deduction from the Schedule 1-A. And while you are there, you should see your standard (or itemized) deduction on Line 12e.
yesterday
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yesterday
Actually no, but that's only because this additional deduction is not part of the standard deduction. It is a separate deduction computed on Schedule 1-A that carries to line 13b of your 1040.
yesterday
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yesterday
I double checked everything and nothing says I can be claimed as a dependent. I am past the age of being able to be claimed as one too.