All Posts
2 weeks ago
Are you certain you downloaded each .exe file and also that one did not, for some reason, overwrite the other? https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax
2 weeks ago
Personally, I suspect the earlier cutoff was for Intuit not to have to deal with users trying to import ItsDeductible data into the 2025 versions of TurboTax (the cutoff date was roughly 2 weeks befo...
See more...
Personally, I suspect the earlier cutoff was for Intuit not to have to deal with users trying to import ItsDeductible data into the 2025 versions of TurboTax (the cutoff date was roughly 2 weeks before the desktop products were released).
2 weeks ago
1 Cheer
Going forward, you can try one of the alternatives: https://deductibleduck.com There are others if you do a search.
2 weeks ago
@jwmartin77 wrote: Do I have any recourse.....? No, not at this time.
2 weeks ago
How do I access my entries for 2025 in ItsDeductible?
Intuit sent me an email in September stating that I had to download the data by October 21. For such an important scenario as shutting down websit...
See more...
How do I access my entries for 2025 in ItsDeductible?
Intuit sent me an email in September stating that I had to download the data by October 21. For such an important scenario as shutting down website access, I would have appreciated a text as well. It also would have made more sense to shut down access after the 2026 tax deadline date for submitting 2025 taxes.
Topics:
2 weeks ago
If this is compensation for an actual financial loss (such as the cost of identity theft restoration services) then it would probably not be taxable unless the settlement exceeded the loss. However,...
See more...
If this is compensation for an actual financial loss (such as the cost of identity theft restoration services) then it would probably not be taxable unless the settlement exceeded the loss. However, since this is probably a settlement for loss of privacy and possible future loss, it's taxable.
Also note that settlements for losses on the value of stocks you own (such as due to company mismanagement or malfeasance) might be eligible to be treated as capital gains income rather that ordinary income, and taxed at a lower rate. We can discuss that in more detail if you like.
2 weeks ago
note that Turbotax supports only the current and 3 prior years. you can no longer open a 2021 tax file. therefore, for desktop users I suggest saving a PDF copy of your returns on your computer. and ...
See more...
note that Turbotax supports only the current and 3 prior years. you can no longer open a 2021 tax file. therefore, for desktop users I suggest saving a PDF copy of your returns on your computer. and also suggest saving a second pdf copy on a thumb drive. more than a few OPs report their hard drive or computer went bad and with desktop recovery of the return is nor possible,
2 weeks ago
1 Cheer
@Cavachon1 wrote: will I be able to apply the 250,000 IRS sales exclusion to the home or to only half of the home or the portion that was not rented? The questions I just asked you will he...
See more...
@Cavachon1 wrote: will I be able to apply the 250,000 IRS sales exclusion to the home or to only half of the home or the portion that was not rented? The questions I just asked you will help determine that answer.
2 weeks ago
will I be able to apply the 250,000 IRS sales exclusion to the home or to only half of the home or the portion that was not rented?
2 weeks ago
Since taxes are not on my mind in Oct, I forgot to extract my info by Oct 21st. I made some donations earlier this year and tracked them in itsdeductible (as I have for many many years) but I forgot...
See more...
Since taxes are not on my mind in Oct, I forgot to extract my info by Oct 21st. I made some donations earlier this year and tracked them in itsdeductible (as I have for many many years) but I forgot what I did this year. Do I have any recourse or is this data lost forever? Like others, I am quite disappointed in this change and how and when it was rolled out. Really not a good look for Intuit as more and more options are available.
2 weeks ago
1 Cheer
@Cavachon1 wrote: that was also partially and intermittently rented over several years At any time during your ownership, was the home NOT your "Principal Residence" (for example, you ren...
See more...
@Cavachon1 wrote: that was also partially and intermittently rented over several years At any time during your ownership, was the home NOT your "Principal Residence" (for example, you rented out the home for a while and you made another home your "Principal Residence" for a while)? When it was partially rented, was the rented portion within the same building as your residence (for example, renting out a room), or was it a separate building? When it was partially rented, was the rented portion a separate "dwelling unit" (such as a mother-in-law apartment, with its own entrance, kitchen, bathroom, etc.)?
2 weeks ago
It would be taxed. https://www.irs.gov/government-entities/tax-implications-of-settlements-and-judgments
2 weeks ago
Clickable URL: https://deductibleduck.com
2 weeks ago
Too late to download your data from ItsDeductible but you can use one of the alternatives going forward. One is Deductible Duck - https://deductibleduck.com - and there are others if you do a se...
See more...
Too late to download your data from ItsDeductible but you can use one of the alternatives going forward. One is Deductible Duck - https://deductibleduck.com - and there are others if you do a search.
2 weeks ago
See the NJ Resident Return 1040 Instructions booklet for Line 20a and refer to the Types of Retirement Plans. A TSP is similar to a 401(k) so you would want to follow those procedures. Any earni...
See more...
See the NJ Resident Return 1040 Instructions booklet for Line 20a and refer to the Types of Retirement Plans. A TSP is similar to a 401(k) so you would want to follow those procedures. Any earnings in the account above the amount contributed will be taxable income. @agayed
2 weeks ago
2 Cheers
Hey everyone, if you're like me and were looking for a replacement for ItsDeductible, I found a great one: DeductibleDuck.com. I was able to take all my data from ItsDeductible and import it directl...
See more...
Hey everyone, if you're like me and were looking for a replacement for ItsDeductible, I found a great one: DeductibleDuck.com. I was able to take all my data from ItsDeductible and import it directly into DeductibleDuck.com without any problems. It was a huge relief! Just a heads-up, there is a small fee if you have over $5,000 in deductions, but honestly, I would have happily paid TurboTax for the same function all these years. It works perfectly for tracking everything. Hope this helps someone!
Topics:
2 weeks ago
1 Cheer
In addition, note that although depreciation recapture is taxed at the taxpayer's marginal rate, it is capped at 25%.
2 weeks ago
1 Cheer
I generally agree but some companies are involved in more than one and it's only natural to concentrate on those that are generating the most revenue and profit. In Intuit's case, that is NOT Tu...
See more...
I generally agree but some companies are involved in more than one and it's only natural to concentrate on those that are generating the most revenue and profit. In Intuit's case, that is NOT TurboTax.
2 weeks ago
Are you certain you chose to download the Windows version as opposed to the Mac version?
2 weeks ago
2 Cheers
We have a difference of opinion; business is business no matter what form it takes or what's being sold!