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Best advice is to delete all and then use summary totals. This can be done by using clear your return and start over, which may be easiest. How to clear and start over? A solution can be to ... See more...
Best advice is to delete all and then use summary totals. This can be done by using clear your return and start over, which may be easiest. How to clear and start over? A solution can be to enter summary transactions if you have many transactions. Your brokerage/digital statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered. If not, you can create one with totals based on holding period.   Holding Periods: Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax) Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate) You can always use direct entry if you choose, with summary totals.  The only exception is wash sales, which must be entered separately, if you have any. Where do I enter Form 1099-B? (Ignore import) How do I mail Form 8453? (review if alerted)
The company in question, aka. Intuit, should never assume people that do not voice out anything on this board or anywhere else are completely peachy.  A piece of software that costs $50~100ish, and g... See more...
The company in question, aka. Intuit, should never assume people that do not voice out anything on this board or anywhere else are completely peachy.  A piece of software that costs $50~100ish, and gets used for a few days, is NOT cheap by any measure.  From at least 20 yrs of using TT, 2025 version is particularly sketchy: inconsistent UI presentation (It's been this way thou.), unnecessary changes & incoherent work flow, cryptic questions in arcane English (Do not just copy and paste the sentences from IRS publications, make them something that a layman can understand!), inability to restart the program (This is the WORST scenario!)... just to name a few.  It does look like Intuit just threw everything into the bucket in a hurry to bunch up the desktop version of TT 2025; while their objective now-a-day is to push out the online version (and other services) and trying to get people into the subscription scheme, as Microsoft has done.  You never know there might a silent revolution brewing and boiling as we speak!
This a bad answer because changing this changes the date on the security Capital Gain worksheet to the wrong date.  The software SHOULD allow a 2026 date because in the case of FNMA or FHMC securitie... See more...
This a bad answer because changing this changes the date on the security Capital Gain worksheet to the wrong date.  The software SHOULD allow a 2026 date because in the case of FNMA or FHMC securities the 2026 date is legit due to adjustments in the rate. THIS IS CLEARLY A TURBOTAX BUG that needs to be fixed
Please clarify. Where exactly are you in TurboTax? What version are you using?   Using the TurboTax desktop CD/Download editions, a third party designee can be added using Forms mode and enter th... See more...
Please clarify. Where exactly are you in TurboTax? What version are you using?   Using the TurboTax desktop CD/Download editions, a third party designee can be added using Forms mode and enter the designee on the Federal Information worksheet.  The federal tax return can be e-filed with the designee entered.  
Hello everyone,   I have been living in US since January 2023 with a J1 visa and I never left the country since then.  This year was my first year as a resident for tax purposes and my wife (J2) an... See more...
Hello everyone,   I have been living in US since January 2023 with a J1 visa and I never left the country since then.  This year was my first year as a resident for tax purposes and my wife (J2) and I could file as married filing jointly and use the standard deductions.   However, we are leaving the country by the beginning of June (or end of May). So, I have a question regarding our filing status next year:   - Is it possible for us to choose to be treated as residents for the full year or would our only option be to file as dual-status taxpayers?   I am asking because, with dual-status filing, we would have to file as married filing separately and would not be eligible for the standard deduction. I also understand that if we choose to be treated as full-year residents, any income earned in our home country would be subject to US taxation. However, considering the standard deduction and exchange rates, this option might still be more beneficial than filing as dual-status.   Thank you in advance!
yes, like I said the Box 11 ZZ is for "SECTION 475(F) INCOME" (the full amount). What schedule should that be reported on?   Because I cannot access forms directly when using TurboTax Online, I can... See more...
yes, like I said the Box 11 ZZ is for "SECTION 475(F) INCOME" (the full amount). What schedule should that be reported on?   Because I cannot access forms directly when using TurboTax Online, I can't input that information anywhere. I guess that is why the rep said I could not file online. 
Is this to form 8949, column-f gets the 'W' and column-g gets the adjustment (reducing my loss)?   Is any explanation required? If so, how is that documented?   Is there any way (or any need) to ... See more...
Is this to form 8949, column-f gets the 'W' and column-g gets the adjustment (reducing my loss)?   Is any explanation required? If so, how is that documented?   Is there any way (or any need) to remove the Red exclamation point next to form 8949?   Will this cause any problems with filing electronically?   Thank you so much!!!
Right.  You can only fill in the 3rd party designee using the Desktop program in Forms mode.  You can't do it in the Online version.     You have to switch to Forms mode (click Forms in the upper r... See more...
Right.  You can only fill in the 3rd party designee using the Desktop program in Forms mode.  You can't do it in the Online version.     You have to switch to Forms mode (click Forms in the upper right (left for Mac)) and select the Info Wks. Scroll down until you get to Part V Third Party designee: section. Check the YES box and then you can fill in the name, phone number and any 5 numbers for the PIN.
is there a minimum of gross sales that I don't need to report?
Box 11ZZ can be for anything. You need to know what it represents, which may be provided in box 20. Then you need to re-enter the amount on a line in the sub-worksheet for 11ZZ that best describes it... See more...
Box 11ZZ can be for anything. You need to know what it represents, which may be provided in box 20. Then you need to re-enter the amount on a line in the sub-worksheet for 11ZZ that best describes it. If you don't, TurboTax will likely not allow you to e-file because 11zz is not complete.      There are 2 categories, nonpassive income/loss to be reported on Schedule E page 2 or something else which requires further entry on the appropriate Form or Schedule. 
Using Turbo Tax Deluxe 2025. I see 3rd party designee when I switch to "forms". It's at the bottom of the 1040. But I can't find it when using step-by-step. I went through the entire review process ag... See more...
Using Turbo Tax Deluxe 2025. I see 3rd party designee when I switch to "forms". It's at the bottom of the 1040. But I can't find it when using step-by-step. I went through the entire review process again and it never prompts me to add this. How do I find it?
@Vanessa A is correct.  Your state of residence has a claim on all of your income.  What is that state?   Reporting $0 Texas rental income would also report $0 Texas rental income to your state o... See more...
@Vanessa A is correct.  Your state of residence has a claim on all of your income.  What is that state?   Reporting $0 Texas rental income would also report $0 Texas rental income to your state of residence.   Are you reporting a Hawaii state income tax return just to report the rental property in Hawaii?   The software uses the physical address of the rental property to assign the rental property to a state income tax return.     Has an incorrect zip code or address been entered to the Texas property?  Please clarify.   @kkjinhongmin   
This issue is reported as resolved, although since it only affected some users, results may be inconclusive.  Have you tried a Manual Update?   @S117x 
Do you get a 1099R?  And box 16 is empty?   On your 1099R, anything in box 14?   If not then leave boxes 14, 15 & 16 all blank, no spaces. If you have withholding in box 14 then enter the amount f... See more...
Do you get a 1099R?  And box 16 is empty?   On your 1099R, anything in box 14?   If not then leave boxes 14, 15 & 16 all blank, no spaces. If you have withholding in box 14 then enter the amount from box 2a into box 16 for the state distribution. If box 2a is blank use the amount from box 1.
Why does my TT account say I still owe tax due?   TT does not update after your return has been accepted.  Your account will always show the result of the return you prepared using the software. ... See more...
Why does my TT account say I still owe tax due?   TT does not update after your return has been accepted.  Your account will always show the result of the return you prepared using the software.  TurboTax never knows if you received your refund —or how, when or even if you paid tax due.  Your proof that you paid your tax will be your own bank/credit card records.   You can also check your own IRS account:   https://www.irs.gov/payments/your-online-account
please explain how to "So you could value those at book value " in TT.  and how to handle the improvements which has not been added for depreciation in prior year, while filling for the sale.
If you are using TurboTax Online, please review the PDF of your prior year return to confirm the Rental Property information is included. From Tax Home, scroll down and select Your tax returns & docu... See more...
If you are using TurboTax Online, please review the PDF of your prior year return to confirm the Rental Property information is included. From Tax Home, scroll down and select Your tax returns & documents. Select the year you want and select Download/print return (PDF). This exercise is important to be sure TurboTax saved this information in your account.   If you are using TurboTax Desktop, save the current year return you have been working on. Then start a new return and transfer your prior year return again; save under a new name. Check Rental Properties under Federal Taxes (or Personal in Home & Business) to confirm the information transferred properly.   Please post your results to this thread.   @beyondthebox  @rickbutker  @ianm12 
Thank you, MindyB, for your answer. It did help me procced with the preparation of my tax returns. I appreciate your response.