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yesterday
Microsoft says that my Dell desktop microsoft 10 computer cannot be upgraded to microsoft 11. Is there any way that I can use my computer to file Turbotax deluxe 2025 using the desktop download? I ...
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Microsoft says that my Dell desktop microsoft 10 computer cannot be upgraded to microsoft 11. Is there any way that I can use my computer to file Turbotax deluxe 2025 using the desktop download? I do not want to use the online method. Also can not buy a new computer.
yesterday
That worked. That isn't a very intuitive way to get to the print center. I would never have found it without your help. Thanks.
yesterday
It is an annuity I cashed in on I have checked to make sure I received no money from them. How do I delete the form?
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yesterday
We have been assured that the language in the Extension instructions will be fixed before tax year 2026 and that the existing language doesn't affect filing your return.
You do also have the op...
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We have been assured that the language in the Extension instructions will be fixed before tax year 2026 and that the existing language doesn't affect filing your return.
You do also have the option to use TurboTax Easy Extension (a separate TurboTax website) rather than filing from within your TurboTax product, if you choose.
The IRS also offers these options:
Pay online and check the box
Pay what you owe using an online payment option and check the box that you are paying as part of filing for an extension. You don’t have to file a separate extension form and you’ll receive a confirmation number of your extension for your records.
Use Free File (no income limit for extensions)
Use IRS Free File to electronically request an automatic tax-filing extension.
Request an extension by mail
File Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return. You can file by mail, online with an IRS e-filing partner or through a tax professional.
Estimate how much tax you owe for the year on the extension form: Subtract the taxes you already paid for the filing year.
Keep in mind: An extension doesn't give you extra time to pay your taxes, but it'll keep you from getting a late filing penalty. (You'll still owe interest if you pay after the deadline.)
@aarthvr
yesterday
I tried clicking the checkbox and form 1116 is again not included in the pdf and also in the list of forms showed in the left side panel in forms mode. If i explicitly open it, it looks good. But eve...
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I tried clicking the checkbox and form 1116 is again not included in the pdf and also in the list of forms showed in the left side panel in forms mode. If i explicitly open it, it looks good. But even before i click the checkbox everything looked and behaved the same way. So that leads me to believe that even with the checkbox checked it wont be included in the return. Any other ideas? Anybody?
yesterday
I'm trying to carry forward passive activity losses from 2024.
It looks like I need to fill out FORM 8582, but the software isn't letting me do it (tells me to add current year rental income and re...
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I'm trying to carry forward passive activity losses from 2024.
It looks like I need to fill out FORM 8582, but the software isn't letting me do it (tells me to add current year rental income and refuses to proceed when I don't have any).
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yesterday
Follow these steps to clear the error:
Click the Forms icon in the top-right corner of your TurboTax Windows screen.
In the list of forms on the left, find the one titled Person on the Return...
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Follow these steps to clear the error:
Click the Forms icon in the top-right corner of your TurboTax Windows screen.
In the list of forms on the left, find the one titled Person on the Return Worksheet (Your Son's Name).
Highlight the worksheet in the list.
Click the Delete Form button at the very bottom of the screen.
Confirm the deletion when prompted.
TurboTax will instantly and automatically recreate a clean version of this worksheet. Switch back to Step-by-Step mode and run the Federal Review again to confirm the error is gone.
yesterday
1 Cheer
Hi Amy, thank you very much for your response. I think you are correct and I should file the 1040NR. Kind regards, Marko
yesterday
I completed my return several weeks ago, but have not yet filed. I want to see if program changes affected my return before I do so.
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yesterday
So, this refers to a nonqualified pension plan. If the nontaxable compensation is put in box 11 and was a result of a stock sale incentive after retirement is this compensation or nonqualified pensi...
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So, this refers to a nonqualified pension plan. If the nontaxable compensation is put in box 11 and was a result of a stock sale incentive after retirement is this compensation or nonqualified pension? I did not contribute this money to a nonqualified pension plan or a 457. It is sitting in an investment firm has held company stock. It is not clear if such a transaction is considered part of a nonqualified pension plan.
yesterday
Do I qualify for the Other State Tax Credit if I lived in another state during 2025?
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yesterday
No.
Please read this IRS document for more information, under the heading Business Startup and Organizational Costs on page 27.
The garage can be entered as a fixed asset for the business...
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No.
Please read this IRS document for more information, under the heading Business Startup and Organizational Costs on page 27.
The garage can be entered as a fixed asset for the business and depreciated from the date it is placed in service.
yesterday
For one of my employers I have two W-2s: one for NY and one for NJ. When I imported each separately, many boxes were missing info for the NJ one, and boxes 1-14 had duplicate info and I assumed shoul...
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For one of my employers I have two W-2s: one for NY and one for NJ. When I imported each separately, many boxes were missing info for the NJ one, and boxes 1-14 had duplicate info and I assumed shouldn't be reported twice. So since the FED ID # is the same and boxes 1-14 are identical, I just imported the NY one and decided to add any NJ info manually. However, a little confused due to discrepancies: Box 15-16 are filled on NY W-2 but empty on NJ W-2 copy B (federal filing copy), but on NJ copy 2 (state reference and filing copies) box 15 shows "NJ" and the same employer state ID as NY, and box 16 has a lower amount than the NY W-2 copy B. Box 17 has a lower amount on NY W-2 than NJ W-2 for copy B, but a higher amount compared to NJ W-2 copy 2. Box 19 is empty for NY W-2 copy B, but filled for the NY W-2 copy 2; conversely, box 19 is filled on NJ W-2 copy B (with the same amount as on the NY) but empty on the NJ W-2 copy 2. After filling the W-2 on TurboTax, I guess the main question I have is where would the higher NJ W-2 box 17 value go? Using example values to make this clearer: on the NY W-2, box 17 shows $2. On the NJ W-2, box 17 on the federal copy shows $3 (higher) but on the state filing/reference copies show $1 (lower). I'm leaning toward using $1 for box 17 in TurboTax since the income from NJ is lower so seems to correspond, but then I don't know where or if the $3 is to be input or if that's a mistake on the W-2. I'll just not use the $3 for now. TurboTax Home & Business Win/Mac.
yesterday
I ended up grouping the donations by donation date last night. Looks like the TT software is generating Form 8283 in the background like it did in years past when importing donations from itsdeducti...
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I ended up grouping the donations by donation date last night. Looks like the TT software is generating Form 8283 in the background like it did in years past when importing donations from itsdeductible. The software is still treating grouped donations as a single item and asking when the item was acquired and what the cost was new. When I don't enter anything it takes me to another screen that tells me it looks like the items when up in value and prompts me to confirm how Goodwill will use the item. Didn't see any of these prompts when using itsdeductible, really missing that simplicity.
yesterday
Possibly. There is a credit limitation. The foreign credit before limitation is the lesser of:
actual tax paid
US tax liability on that same foreign income
The credit limit uses income. F...
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Possibly. There is a credit limitation. The foreign credit before limitation is the lesser of:
actual tax paid
US tax liability on that same foreign income
The credit limit uses income. Form 1116 calculates:
Credit Limit =Total U.S. Tax times (Foreign Taxable Income divided by Total Worldwide Taxable Income)
If your foreign income is small compared to total income, the percentage allowed is small.
What you can do:
Carryback the excess credit one year and/or carryforward the next 10 years.
yesterday
JP Morgan Funds" and "Chase" are there but do not work. My banker sent instructions to noting that within Turbo Tax software, use "Chase Bank" or J.P. Morgan Securities". Still not working! Very fru...
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JP Morgan Funds" and "Chase" are there but do not work. My banker sent instructions to noting that within Turbo Tax software, use "Chase Bank" or J.P. Morgan Securities". Still not working! Very frustrating as it has been there in previous years. Any insights or suggestions?
yesterday
Pennsylvania (PA) does not recognize wash sales or allow any carryover losses. There should be no need for any adjustments on our PA return because this has been the same tax law for many years.
...
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Pennsylvania (PA) does not recognize wash sales or allow any carryover losses. There should be no need for any adjustments on our PA return because this has been the same tax law for many years.
On your PA return they do not allow a loss from one class of income to offset any income from another class of income. For this reason the whole loss is recognized each year, and if the net result is an overall loss it has no affect on other classes of income.
Income Classes on PA-40:
Wages
Interest
Dividends and Capital Gain Distributions
Business or Farm
Net Gain or Loss from Sale, Exchange or Disposition of Property
Rents, Royalties, etc
And others...
Only federal is affected and requires adjustments for wash sales now and in the future.
yesterday
filing extension on my spouses and i return due to amended corrections on our daughters return
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yesterday
I know the form is not required when you don't have foreign income and taxes paid. I read somewhere that if i don't file the schedule B now and then in subsequent year use my carryovers, there is a b...
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I know the form is not required when you don't have foreign income and taxes paid. I read somewhere that if i don't file the schedule B now and then in subsequent year use my carryovers, there is a big chance this will flag the IRS automated system and I will be required to prove that those carryovers exists by providing all relevant documentation. Which I can do but will save myself the hassle if I can. I tried clicking the checkbox and form 1116 is again not included in the pdf and also in the list of forms showed in the left side panel in forms mode. If i explicitly open it, it looks good. But even before i click the checkbox everything looked and behaved the same way. So that leads me to believe that even with the checkbox checked it wont be included in the return. Any other ideas? Anybody?
yesterday
Are you really a resident of RI? Normally, college students who travel out of state to attend college are considered to be residents of the state their parents lived in.
Note that being a "resi...
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Are you really a resident of RI? Normally, college students who travel out of state to attend college are considered to be residents of the state their parents lived in.
Note that being a "resident" means that you have left the previous state with no intention of going back. You have bought or leased living space in the new state, you have gotten a drivers license in the new state, you have registered to vote in the new state, and so on.
In any case, if you actually had no income, you are unlikely to have to file a federal return or a state return unless, you you received a 1095-A for ACA health insurance or similar situations (even then, it may not be required).