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yesterday
If you could provide some additional detail on which question 32 and 32B you are trying to access, then we can give you better guidance on where to let you know how to locate these entries. For inst...
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If you could provide some additional detail on which question 32 and 32B you are trying to access, then we can give you better guidance on where to let you know how to locate these entries. For instance, let us know the specific form and whether it's a Federal or a State form and why you are trying to change the entry.
yesterday
Yes. Form 1099-DA reports digital asset proceeds from broker transactions.
Report your Form 1099-DA digital asset sales and any other cryptocurrency transactions in TurboTax Online in Wages & I...
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Yes. Form 1099-DA reports digital asset proceeds from broker transactions.
Report your Form 1099-DA digital asset sales and any other cryptocurrency transactions in TurboTax Online in Wages & Income>Investments and savings>Add Investments>Enter a different way>select Digital Assets.
Here is a TurboTax article about Form 1099-DA for more information:
What Is Form 1099-DA and What Does It Mean for Crypto Investors?
yesterday
I saw the message and did not upgrade. However, unlike others, I was unable to get 1099-B from my Chase bank. Anyone else have this problem? I really don't want to upgrade. Help!
yesterday
My rejection email from TurboTax has only the following for a guide to what happened, but I do not know how or what to fix: "/Return/ReturnData/IRS1040X/NetChangeOrigRptOrPrevAdjGrp/TotalAdditionalD...
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My rejection email from TurboTax has only the following for a guide to what happened, but I do not know how or what to fix: "/Return/ReturnData/IRS1040X/NetChangeOrigRptOrPrevAdjGrp/TotalAdditionalDeductionsAmt - Data in the return is missing or invalid. Please double check your entries." Any assistance will be much appreciated.
yesterday
I am not happy with TurboTax 2025, the support asked me to wait for amendment and finally when it was available yesterday, the 1040-X failed twice to E-file my return!!! What a mess??? What time the ...
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I am not happy with TurboTax 2025, the support asked me to wait for amendment and finally when it was available yesterday, the 1040-X failed twice to E-file my return!!! What a mess??? What time the correct update will be available? I cannot expect such software disaster from intuit.
yesterday
(DESKTOP DELUXE) -- I downloaded two Schwab accounts for the taxpayer. I see that both uploaded successfully, totals tie to the actual 1099s. I go back to the input section and I see all the numbers ...
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(DESKTOP DELUXE) -- I downloaded two Schwab accounts for the taxpayer. I see that both uploaded successfully, totals tie to the actual 1099s. I go back to the input section and I see all the numbers by account. Two 1099s for dividends, Two 1099s for interest and two 1099-B for securities. All the input pages (where one enters info by category) have the imported information. I agreed it to the actual 1099 pdfs. So all is GOOD so I thought. So now I review FORMS. Thankfully all the 1099B information is on the Forms 8949 and Schedule D. Many transactions and the totals tie to the sum of the two 1099Bs. What a relief, many transactions and quite impressive all is good. The Problem >> 1040 Schedule B (and the Form 1040) only includes interest and dividends from one of the accounts despite it being in the input sections of income. I deleted the 1099s for both account and re-imported. No change still missing the interest and dividends from that one account. I delete the 1099 div and Int for that one account and re-enter manually. Now all the information is on the Schedule B and the Form 1040. YOU MUST REVIEW THE FORMS TO BE SURE ALL THE IMPORTED INFO HAS BEEN COLLECTED. Never had this problem before. I've always built a spreadsheet before importing summarizing the totals from the multiple 1099 imports and compare to the final 1040 forms. Never had this issue in the almost 10 years I've been using desktop Turbo Tax. Anyone else ?? Thank you - KB
yesterday
In January 2026, I contribute 7,000 and 7,500 for 2025 and 2026. My broker restricted the money for 1 week to allow me converting it to my Roth IRA account. Your system said that it means that y...
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In January 2026, I contribute 7,000 and 7,500 for 2025 and 2026. My broker restricted the money for 1 week to allow me converting it to my Roth IRA account. Your system said that it means that you first contributed money to a traditional IRA, but then later moved your money to a Roth IRA. This is sometimes referred to as a "recharacterization." A recharacterization such as this is different from a Roth conversion because your Roth IRA contribution is for the same year as the original traditional IRA contribution. So, the money would be both contributed to the traditional IRA and subsequently moved to the Roth IRA during the time period of January 1, 2025 until April 15, 2026 unless you file an extension in which case you would have until October 15, 2026. According to my broker’s action, it was a conversion not a recharacterization. And my research said once you convert a non-deductible traditional IRA to a Roth IRA, you cannot move it back to a traditional IRA. In Feb. 2027 my broker will issue 1099 B to me for 2025 and 2026 conversions. When filing 2026 income tax return, I will have problem with your software. Please remember to modify your 2026 software about IRA contribution when you make it. Broker was only held money for 1 week. Then I can convert the money.
yesterday
Can you clarify what you are referring to?
Mortgage interest is reported on a 1098. You can enter the information on the Deductions & Credits section of the TurboTax software. Mortgage interest...
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Can you clarify what you are referring to?
Mortgage interest is reported on a 1098. You can enter the information on the Deductions & Credits section of the TurboTax software. Mortgage interest is an itemized deduction. It will only affect your return if you are itemizing versus taking the standard deduction. Taxpayers generally take whichever is most beneficial to them in reducing their taxable income.
Standard Deduction vs. Itemized Deductions: Which Is Better?
@idealmanmike
yesterday
1 Cheer
Thanks Dmertz.. If the original poster, MasterWaterskier, sees this, Form 5329-T shows the deduction as Code 01 on Line 2 in Forms after you enter the correct information in the Step By Step in the ...
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Thanks Dmertz.. If the original poster, MasterWaterskier, sees this, Form 5329-T shows the deduction as Code 01 on Line 2 in Forms after you enter the correct information in the Step By Step in the desktop version.
yesterday
Box 1D (Date acquired) is requiring a date but the form lists 'various'. TurboTax is not allowing 'various' as an option. How to proceed on this form when entering individual transactions? ...
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Box 1D (Date acquired) is requiring a date but the form lists 'various'. TurboTax is not allowing 'various' as an option. How to proceed on this form when entering individual transactions? Thanks.
yesterday
As long as you meet the qualifications for the senior deduction, it is automatically applied to your tax return. You don't need to take any additional steps. Qualifications: -Age: You must be 6...
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As long as you meet the qualifications for the senior deduction, it is automatically applied to your tax return. You don't need to take any additional steps. Qualifications: -Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns). -Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with deductions phasing out above those levels.
Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income. Once your tax information is entered into the system, you can see the information for the Senior Deduction reflected on Schedule 1A, Part V, Line 37 For more information, see Deductions for Seniors.
yesterday
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the...
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The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
The deduction is not on the same line as your standard deduction. It is shown separately.on line 13b.
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)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
(The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
Need to see it?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
If you are not getting the senior deduction it is because
Your date of birth in MY INFO shows that you were not 65 by the end of 2025
Your income is too high
You are filing married filing separately
yesterday
I'm using TurboTax online. Regardless of the category that I choose (like cleaning/maintenance), the software is pro-rating the expenses based on fair rental vs persona use. I do not see an option t...
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I'm using TurboTax online. Regardless of the category that I choose (like cleaning/maintenance), the software is pro-rating the expenses based on fair rental vs persona use. I do not see an option to designate as direct.
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yesterday
If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
If accepted by the state use this TurboTax support FAQ to check the state tax refu...
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If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...
yesterday
Money deducted for what?
Federal income taxes withheld from wage?
State income taxes withheld from wages?
Estimated tax payments, federal, state or local?
Personal real estate tax paym...
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Money deducted for what?
Federal income taxes withheld from wage?
State income taxes withheld from wages?
Estimated tax payments, federal, state or local?
Personal real estate tax payments? Loan interest on a residence? Auto loan payments?
yesterday
DID YOU E-FILE?
Did you e-file? Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”
When you e-file your return...
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DID YOU E-FILE?
Did you e-file? Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”
When you e-file your return you will get two emails from TurboTax. The first one will say your return has been transmitted; the second one will tell you the IRS has accepted or rejected your federal e-file. If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.
Check your e-file status:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
What does it say in your account? Does it show that the return was accepted? Or does it say something else---like "rejected," "printed," or "ready to mail?”
yesterday
1040-SR will populate automatically in TurboTax Online if you are age 65 or older by the end of the taxable year, given the taxpayer / spouse DOB's entered into the Personal Info section of the inter...
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1040-SR will populate automatically in TurboTax Online if you are age 65 or older by the end of the taxable year, given the taxpayer / spouse DOB's entered into the Personal Info section of the interview screens.
Note that Form 1040-SR is identical to Form 1040 in terms of tax content and calculation, with the only difference being that it prints on a larger typeset, leading to a 3-page printout instead of the standard 2 pages. They both follow the same 2025 1040 instructions.
If you are using TurboTax for Windows software, you can choose to opt into or out of 1040-SR by using this checkbox (Home and Business edition) in Forms mode (upper right button).
See also: IRS - 2025 Form 1040 instructions.
yesterday
All depreciation calculations and reports have been updated as of the software released on February 27, 2026. Please allow TurboTax Desktop to fully update when you restart. TurboTax Online automatic...
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All depreciation calculations and reports have been updated as of the software released on February 27, 2026. Please allow TurboTax Desktop to fully update when you restart. TurboTax Online automatically updates when you log into your return.
@jfjfa
yesterday
Hi -- thank you, here's some more context: I exercised and sold shares of a private company via a company buyback on the same day — a same-day exercise and sale of Incentive Stock Options (ISOs), wh...
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Hi -- thank you, here's some more context: I exercised and sold shares of a private company via a company buyback on the same day — a same-day exercise and sale of Incentive Stock Options (ISOs), which constitutes a disqualifying disposition. My 1099-B reports: Proceeds: $X Cost basis: $Y Wash sale disallowed: $0.00 Gain: $Z However, the spread between the exercise price and fair market value at exercise was already included as ordinary compensation income in my 2025 W-2 (Box 1). Per IRS rules for ISO disqualifying dispositions, I need to increase my cost basis by that spread amount to avoid being double-taxed on the same income. My correct adjusted basis is therefore $Y + spread, resulting in a small capital loss. I have selected 'Incentive stock options (ISO)' as the investment type and entered the adjusted cost basis accordingly. However, my Form 8949 PDF preview is incorrectly showing the column (g) adjustment as a negative number with a wash sale code, rather than as a positive basis adjustment. This is wrong — there is no wash sale involved, and the negative sign means TurboTax is reducing my basis rather than increasing it, which would result in double taxation of income already reported on my W-2. Can you advise how to correct the Form 8949 output so it properly reflects a positive basis adjustment for ISO compensation income already reported on my W-2?