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The IRS asks for 2024 AGI to verify the return.  Since there are 2 taxpayers on a joint return, it will ask for the 2024 AGI for the primary taxpayer and the 2024 AGI for the secondary taxpayer (spou... See more...
The IRS asks for 2024 AGI to verify the return.  Since there are 2 taxpayers on a joint return, it will ask for the 2024 AGI for the primary taxpayer and the 2024 AGI for the secondary taxpayer (spouse.)   If you filed as "married filing jointly" in 2024, then you both have the same total AGI that is shown on the 2024 Form 1040, Line 11.   So each of you would use the 2024 total AGI on your return.   Or did you already efile and got an efile rejection?    If so, please provide the exact rejection error code and message.  If you haven't yet efiled, then you can disregard this last paragraph.
I don't have a business, but I use my laptop for daily option trading and investments. Can I use standard deduction and still deduct my laptop as a write off? What proof do I need to provide? I broug... See more...
I don't have a business, but I use my laptop for daily option trading and investments. Can I use standard deduction and still deduct my laptop as a write off? What proof do I need to provide? I brought the laptop over 3 years ago and I only stated using it for trading in 2025. Would I be able to deduct the entire cost of the laptop from my overall taxable income or claim a credit?
Are my Traditional IRA and Mega Backdoor IRA contributions supposed to be deducible? I contributed over 40K total for 2025, but none of that amount was deducted in my 2025 tax return. Why is that?
Hi Vanessa, Selecting short-term did not work. It still does not give rid of the error. Below is an updated screenshot. Even after selecting the sales selection as "short-term" it does not resolve t... See more...
Hi Vanessa, Selecting short-term did not work. It still does not give rid of the error. Below is an updated screenshot. Even after selecting the sales selection as "short-term" it does not resolve the error. These were downloaded directly from the brokerage. I downloaded the pdf today and it had the following additional piece of information... Noncovered Securities with Undetermined Holding Period # (Consider Box 5 (Noncovered Security) as being checked and Box 12 (Basis Reported to IRS) as not being checked for this section. These transactions should be reported on Form 8949 Part I or Part II with box C or E checked.)  
If I did not have a 2110 form for my 2024 return (but I still had a 23K underpayment) and TurboTax did not compute any new underpayment penalty for the new 2025 tax return, then does it mean there is... See more...
If I did not have a 2110 form for my 2024 return (but I still had a 23K underpayment) and TurboTax did not compute any new underpayment penalty for the new 2025 tax return, then does it mean there isn't any penalty this year as well despite I underpaid by 31K? If not, what is missing? I did not apply for a waiver and both year TurboTax seem to not detect a penalty. How can I confirm if there is actually no underpayment penalty for both years?
My employer's 401K let me contribute (35K) after tax dollars through an in-plan conversion for the mega backdoor roth. Does this mean my 401K contain both taxes and untaxed contributions? Does the af... See more...
My employer's 401K let me contribute (35K) after tax dollars through an in-plan conversion for the mega backdoor roth. Does this mean my 401K contain both taxes and untaxed contributions? Does the after taxed contributions in this account considered a Roth IRA account that I need to report on TurboTax? Are they the same thing? I received a 1099-R form from my broker for this 35K (box 5) contribution.
When I input a summary of transactions into TurboTax, I input the proceed and cost basis and there is an option to select W to input an adjustment for losses. Is this the same as the wash sale amount... See more...
When I input a summary of transactions into TurboTax, I input the proceed and cost basis and there is an option to select W to input an adjustment for losses. Is this the same as the wash sale amount in my 1099B's box 1g?   
I recently hired a pro CPA to check and review all my tax returns since 2015 and they were able to find several years where I overpaid taxes due to some mistakes and miscalculations. Is there any way... See more...
I recently hired a pro CPA to check and review all my tax returns since 2015 and they were able to find several years where I overpaid taxes due to some mistakes and miscalculations. Is there any way to amend those returns older than 5 years? If not, will those excess taxes I paid be returned or counted toward a future year tax returns in any way?
You didn't mention the particular screen, but for your desktop version here are some general suggestions when a Continue button is not appearing or not working.  Are you using the Windows version?   ... See more...
You didn't mention the particular screen, but for your desktop version here are some general suggestions when a Continue button is not appearing or not working.  Are you using the Windows version?   If so, try adjusting the WIndows scaling first, then if necessary, reduce screen resolution to see if the button becomes operable.   Here's how to make the changes in Windows Settings:   Windows settings > System > Scale and layout. If scale is set to 125% or higher, lower it to 100%. See if the continue button now works.   If still not working, try lowering the resolution, such as 800 x 600. If that doesn't help, try increasing the resolution in steps shown in your settings such as 1024 x 768 then gradually up, and hopefully you will arrive at a resolution that works. Please report back on your success or failure.
My husband abandoned me in November 2023, I pay for the house and all expenses since. How can I change from married filing separately to head of household filing type?
My profile address and W2, and any address that was displayed before does not have an apartment noted, so I'm not sure why this issues keeps happening every year.
Under the W2, through employer I contributed $5,400 to HSA Then I got exssive contribution of 1099-sa of $985 of refund & 1099-sa of $570 (medical normal distribution) And HSA contribution from my ... See more...
Under the W2, through employer I contributed $5,400 to HSA Then I got exssive contribution of 1099-sa of $985 of refund & 1099-sa of $570 (medical normal distribution) And HSA contribution from my wift with $3,219. so it should be $5,400 - $985 + $3,219 = $7,634. <= $8,550 But turbotax is saying.  $8,550 - $3,219 = $5,331 - $5,400 = $69 over contributed.    Please tell me how to correct this. I look everywhere I am unable to correct this. it won't subtract $985
@lons2020  asked:  "Why was premium automatically added to my filing?"   "Premium" can mean 2 different things.   Are you referring to the Premium Edition (for Schedules C,D,E,F, or enter K-1) or a... See more...
@lons2020  asked:  "Why was premium automatically added to my filing?"   "Premium" can mean 2 different things.   Are you referring to the Premium Edition (for Schedules C,D,E,F, or enter K-1) or are you referring to "Premium Services Bundle?"   If you were in Deluxe and added one of those schedules I mentioned, it would require an upgrade to Premium Edition.   If you don't need Premium Edition, you may be able to downgrade if you haven't yet registered or paid, AND if you return doesn't have anything in it that requires Premium Edition.   Or is it this: If you are a California filer and chose to pay the TurboTax product fees out of your refund, then that automatically adds Premium Services Bundle for $45.   It includes the "pay out of refund" feature and some other things like a year of Audit Defense, ID theft monitoring/restoration, etc.   That can be avoided by paying upfront with credit card, debit card, or prepaid debit card you can buy in a store.   If  that's the "Premium" you are asking about, and if you haven't yet filed,  you may be able to remove that and pay upfront:   FAQ:  What is the Premium Services bundle? (California filers) https://ttlc.intuit.com/community/choosing-a-product/help/what-is-the-premium-services-bundle/00/255...   FAQ:  How do I remove Premium Services bundle?  (California filers) https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/remove-premium-serv...
Trying to follow the instructions posted by TT here: https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US,   but the... See more...
Trying to follow the instructions posted by TT here: https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US,   but they are missing detials to severla steps.   After I enter my 1099-r, it askes if any of these situations apply:  There is an option: "This is for a SIMPLE IRA within the first two years of participation only" The instructions give no indication whether to check this box or not or what it meanss.    (I'm loading this for my wife) Also, later is askes if she contributed to my traditional IRA. Things start getting strange after that 
My next question is, a Schedule C is the only way to file? In reality, my daughter is a minor and not self-employed, as the money she was paid was more of a stipend for an internship. It doesn't seem... See more...
My next question is, a Schedule C is the only way to file? In reality, my daughter is a minor and not self-employed, as the money she was paid was more of a stipend for an internship. It doesn't seem right that she should pay self-employment tax??
On Turbotax Desktop Premier 2025, box 11 code S entries for my K-1 are going to Schedule D, line 3 instead of line 5. This is incorrect per IRS instructions: "Code S. Non-portfolio capital g... See more...
On Turbotax Desktop Premier 2025, box 11 code S entries for my K-1 are going to Schedule D, line 3 instead of line 5. This is incorrect per IRS instructions: "Code S. Non-portfolio capital gain (loss). The partnership will provide information on net short-term capital gain (loss) and net long-term capital gain (loss) from Schedule D (Form 1065) that aren’t portfolio income. An example is gain or loss from the disposition of nondepreciable personal property used in a trade or business activity of the partnership. Report total net short-term gain (loss) on Schedule D (Form 1040), line 5. Report the total net long-term gain (loss) on Schedule D (Form 1040), line 12." https://www.irs.gov/instructions/i1065sk1#en_US_2025_publink[phone number removed]   This is clearly a bug, and one that has been reported before too. Example: https://ttlc.intuit.com/community/taxes/discussion/entries-in-k-1-not-transferring-over/00/3622835].   Why hasn't it been fixed yet?!
I'm having the same problem.  Has this issue been resolved?