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It might be that not all the forms in your return have been finalized yet. If you have Draft forms in your return, it would not allow you to finish your return.   Use this link to reference when ... See more...
It might be that not all the forms in your return have been finalized yet. If you have Draft forms in your return, it would not allow you to finish your return.   Use this link to reference when your tax forms will be available. You can search by TurboTax Product and for IRS and State-Specific Forms.
That is interesting thank you.  I originally told my employer they should have included all tips in 7 though I didn't literally report all to them they should understand "as if" I had reported becaus... See more...
That is interesting thank you.  I originally told my employer they should have included all tips in 7 though I didn't literally report all to them they should understand "as if" I had reported because the IRS assumes if the employer reported the tips for tax purposes they were reported by me to the employer.   "Any tips you reported to your employer as required in the tax year are included in the wages shown in box 1 of your Form W-2.  Add to the amount in box 1 only the tips you didn’t report to your employer."  Unreported always means tips not included by employer in the 941 or W2 which haven't been subject to tax yet.   The error seems to be with me for not reporting in writing before the 10th day of the following month.  The reason the employer has liked to keep a separate accounting is they pay the credit card tips to me on a single paycheck lumped in with wages.  I should provide a report of all tips but they will still still have to separate out which portion they owe me.  I imagine we need to start doing it this way.   I don't know if there is a tax difference between 7 and 3 but if not I wonder why 7 exists.  As a record of reported tips I suppose but there could be non-cash tips included in 1 not in 7.   Do we think TurboTax needs to make no correction on this question?  7 and 8 and 4137 (done correctly) will be a sufficient accounting of qualified tips?  of course also with the questions the software does ask about whether the job qualifies, if performed legally, if anyone from the company tipped you.  Perhaps not if only a portion of 7 was received in that portion of ones job description that qualifies as previously being part of a tipping industry.  If a portion of 7 was given by an officer of the company I assume that portion should already not be in 7 as you pointed out mandatory tips should not.          
I am in the state of KY where the ID is 6 digits and it's entered from my W2 correctly. The error only happens when I attempt to complete the state return.
If you have not filed the 2025 tax return, just go back to the section of the program that needs to be corrected.   If you have e-filed the tax return, the IRS will not be accepting 2025 tax retu... See more...
If you have not filed the 2025 tax return, just go back to the section of the program that needs to be corrected.   If you have e-filed the tax return, the IRS will not be accepting 2025 tax returns until 01/26/2026.   Once a tax return has been filed it cannot be changed, canceled or retrieved You will have to wait for the IRS to either Accept or Reject your filed federal tax return. If the return is rejected you can make the necessary changes and e-file again. If the return is accepted you will have to amend your original tax return. An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return. Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk
You have two issues. One, determining the correct basis for the rental house in PA. Two, determining capital gains. PA is decoupled from the federal for the capital gains portion, not the basis porti... See more...
You have two issues. One, determining the correct basis for the rental house in PA. Two, determining capital gains. PA is decoupled from the federal for the capital gains portion, not the basis portion. For the first concern, while you never had $33 in taxable income and never filed a PA return, the PA law states that the PA tax basis must be reduced by allowable depreciation, even if not taken. This means, you will reduce the basis of your PA house to match your federal basis. See Cornell Law. Secondly, capital gains. PA does not use the same rules as federal, that is correct. It is taxed at a flat 3.07% regardless of how long you held the property.  
No, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay (generally, the “half” portion of “time-and-a-half” compensation) that is require... See more...
No, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay (generally, the “half” portion of “time-and-a-half” compensation) that is required by the Fair Labor Standards Act.    Overview of the deduction - No Tax On Overtime   Effective 2025 through 2028, individuals may deduct the portion of qualified overtime pay that exceeds their regular rate of pay (for example, the “half” portion of “time-and-a-half”). Overtime must be reported on Form W-2, Form 1099, another statement furnished to the individual, or directly by the individual. Maximum annual deduction is $12,500 ($25,000 for joint filers). Phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers). Overtime Examples
Yes.  But that is for the separate Business program, not the personal Home&Business.   https://turbotax.intuit.com/small-business-taxes/cd-download/ 
Additionally, it may SEEM like you paid twice, but didn't.  For example, if you exercised 10,000 in Stock and had 2,000 withheld for taxes, the income is still 10,000, not the 8,000 you received.  ... See more...
Additionally, it may SEEM like you paid twice, but didn't.  For example, if you exercised 10,000 in Stock and had 2,000 withheld for taxes, the income is still 10,000, not the 8,000 you received.  You will still be liable for Federal Income Tax due on the full 10,000.  (It's as if they gave you 10,000 and you turned around and gave them 2,000 to pay federal tax in your name)  The tax withheld should have been listed on your W-2 or another tax form. That should have been entered on your tax return to get the credit for tax paid.   Please review and speak with your employer's payroll department if you are unsure of how the tax was withheld and reported on your original return.    If you need to file an amended return, here is a link with the steps to do that in TurboTax. 
If you do not receive a 1099k for income your business earned, you will report the income as "Other self-employed income" under your business profile.   You will get a page that says: "Let's ente... See more...
If you do not receive a 1099k for income your business earned, you will report the income as "Other self-employed income" under your business profile.   You will get a page that says: "Let's enter the income for your work". Under Common income you have three options: 1099-NEC, 1099-K, and Other self-employed income.     Select Other self-employed income and enter it there.
If, indeed, the activity is a hobby, and you have no other Schedule C-type business, then you don't need Hone& Business.    You would report your hobby income as such (on Schedule 1) and cannot ded... See more...
If, indeed, the activity is a hobby, and you have no other Schedule C-type business, then you don't need Hone& Business.    You would report your hobby income as such (on Schedule 1) and cannot deduct expenses since they would be considered to be miscellaneous itemized deductions which can no longer be deducted.
You can't deduct any of the start up expenses until the year you are in business, which usually means generating sales. So if you were not in business in 2025, you will get no benefit from them on yo... See more...
You can't deduct any of the start up expenses until the year you are in business, which usually means generating sales. So if you were not in business in 2025, you will get no benefit from them on your 2025 tax return. The children would normally be claimed by the parent they live with, but if they live with you, you can give the children's other parent permission to claim them, if they qualify otherwise.    You can complete Form 8332 to give the non-custodial parent permission to claim the children. Since you have no income, it will not benefit you to claim them on your tax return.
When you say, "owed tax", are you referring to the estate tax return (which I presume generated the 1099-R) or are you referring to your personal tax return in which you entered the 1099-R?
In order to determine whether you have a hobby or a business, you need to consider the factors the IRS uses:   See https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expens... See more...
In order to determine whether you have a hobby or a business, you need to consider the factors the IRS uses:   See https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses
i.e. the extra $6000 shows up on a different line  (line 13b) of your form 1040 from the regular Sr. Std Deduction (line 12e)
@kcsomisetty wrote: i also wanted to buy advantage, but since retailers dont bundle 'advantage', i am forced to buy from TT website :( You can sign up for an Advantage subscription at an... See more...
@kcsomisetty wrote: i also wanted to buy advantage, but since retailers dont bundle 'advantage', i am forced to buy from TT website :( You can sign up for an Advantage subscription at any time before November 2026.  So purchase the 2025 desktop software from whichever retailor you wish. See this TurboTax support FAQ for an Advantage subscription - https://turbotax.intuit.com/personal-taxes/cd-download/advantage/
I already reviewed my order and keeps looping around.  Fixed my tax return many times, please help