turbotax icon
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

@MG26 the IRS says when you convert a personal asset to business use the basis for depreciation is the lesser of the actual cost or Fair Market Value. 
i'm not Tom. There is no info yet on the advance program for 2026 (2025 taxes) so if it is offered it's not likely before it starts accepting e-filing - usually January. Note that when it first opens... See more...
i'm not Tom. There is no info yet on the advance program for 2026 (2025 taxes) so if it is offered it's not likely before it starts accepting e-filing - usually January. Note that when it first opens E-filing your return sits on the Turbotax servers until the IRS officially opens e-filing. (in 2025 it was 1/27). Your return can't be accepted until the IRS opens e-filing.   It's up to Turbotax to decide whether to actually grant you the advance. there are certain criteria which must be met.  If granted there are additional fees ($40/45 in 2025) if you use your refund to pay any Turbotax return fees.      this is from the 2025 advance program  How to get Refund Advance instantly* Choose Refund Advance as your refund option When you’re ready to file, select Refund Advance and apply for it in a few easy steps. Open a checking account with Credit Karma Money™ Now that Credit Karma and TurboTax are both part of the Intuit family, we'll help you create your 100% free to open account when you're ready to file. Finish filing and start spending right away You could get your money in as little as 60 seconds after IRS acceptance and can immediately use your virtual Credit Karma Visa ®  debit card.
online is now closed for 2024. when you log into your account you should see "Complete a 2024 return" click on it. you will need to purchase a desktop version to complete your return. you will not be... See more...
online is now closed for 2024. when you log into your account you should see "Complete a 2024 return" click on it. you will need to purchase a desktop version to complete your return. you will not be able to e-file. Turbotax will guide you through the steps to transfer whatever data was entered in online to the desktop.      for the future note that it is necessary to complete online and e-file before the filing deadline (generally 10/15 unless a weekend or holiday then by the next business day). if your return is rejected then online remains open to correct and efile but only for a short period.   
online has been closed for 2024. you will need the desktop software to finish the return and you won't be able to e-file. if you started with online, see below to continue the return. in the personal... See more...
online has been closed for 2024. you will need the desktop software to finish the return and you won't be able to e-file. if you started with online, see below to continue the return. in the personal worksheet section either using step mode or forms mode, there is a section for taxpayers who can be claimed as dependents.    in step mode it's under the personal info tab. when you enter or edit your info it's the page following where you enter your name and other personal info. this page will ask if any of these apply and one question is whether you can be claimed as a dependent.     in forms mode the question is in section II of the worksheet   To switch from TurboTax Online to TurboTax Desktop, install the desktop version, sign in to your Intuit account, and import your tax data. Steps to Switch Install TurboTax Desktop: If you haven't already, install the TurboTax Desktop software on your computer. Make sure to select the correct version for the tax year you are working on. Open TurboTax Desktop: Launch the TurboTax Desktop application on your computer. Sign In: When prompted, sign in to your Intuit account that you used for TurboTax Online. Import Data: Select the option to Continue From TurboTax Online. This will initiate the process to import your tax data from the online version into the desktop application. Your return will open once the data transfer is complete. State Programs: If your return includes a state, ensure that you also install the corresponding state program in TurboTax Desktop to proceed with your filing.  
Previously when I logged back in, my session would reload and I could pick up where I left off. That does not seem to be an option now.
I have completed Intuit Academy Tax Level 1 Prep + Exam. I have the badge for the TL1 Exam, but the prep does not appear. I have taken it multiple times on different browsers/devices, but the badge do... See more...
I have completed Intuit Academy Tax Level 1 Prep + Exam. I have the badge for the TL1 Exam, but the prep does not appear. I have taken it multiple times on different browsers/devices, but the badge does not show. On the progression, it states I already have the badge.
I can’t get help through live chat or on the phone. I can’t talk to an actual person to save my life. I’m beyond angry.
How do I note on the return that someone can claim me as a dependent?
You’re on the right track in addressing this — depreciation is required, and missing it does need correction. The IRS typically requires you to “catch up” all prior depreciation in one year using For... See more...
You’re on the right track in addressing this — depreciation is required, and missing it does need correction. The IRS typically requires you to “catch up” all prior depreciation in one year using Form 3115 (Change in Accounting Method). The total adjustment, called a Section 481(a) adjustment, reflects all the depreciation you should have taken since the property was placed in service. Yes, this can create a large deduction in one year and may reduce your taxable income significantly, possibly even creating a loss. It could also impact your eligibility for certain credits, like health insurance subsidies, so it’s worth reviewing your full tax picture before filing.
be sure to determine what is meant by those "covered" under the plan. the plan may define that as just the employee or the employee and family members. 
if the employer discovered the error in 2025 and paid you renumeration in that year, the reg says the employer can deduct it from your 2025 renumeration.  if none was paid, the obligation of the empl... See more...
if the employer discovered the error in 2025 and paid you renumeration in that year, the reg says the employer can deduct it from your 2025 renumeration.  if none was paid, the obligation of the employee to the employer with respect to the undercollection is a matter for settlement between the employee and the employer. the last sentence means you should see a lawyer that specializes in employee compensation issues.      however, when did the employer "ascertain" the error. that too is a question for a lawyer 
Question is: do I have to pay them back for the years they didn’t withhold the FICA taxes? We are talking about 4 years and amount 27k. Is that legally right?
don't see what you are saying the employer must collect the amount of the undercollection on or before the last day of the calendar year by deducting the amount from remuneration of the employee, i... See more...
don't see what you are saying the employer must collect the amount of the undercollection on or before the last day of the calendar year by deducting the amount from remuneration of the employee, if any, paid after the employer ascertains the error.
I have installed 3 total units. They are Pioneer brand. 1) 18,000 BTU 19 SEER2 Ductless Mini-Split Inverter+ Air Conditioner Heat Pump 2) 9,000 BTU 21.7 SEER2 Ductless Mini-Split Inverter+ Air Conditi... See more...
I have installed 3 total units. They are Pioneer brand. 1) 18,000 BTU 19 SEER2 Ductless Mini-Split Inverter+ Air Conditioner Heat Pump 2) 9,000 BTU 21.7 SEER2 Ductless Mini-Split Inverter+ Air Conditioner Heat Pump System
I recently discovered that my employer did not withhold FICA taxes (Social Security and Medicare) for me from 2022 to 2025 after I changed my status from F-1 to H-1B. The company is now asking me to ... See more...
I recently discovered that my employer did not withhold FICA taxes (Social Security and Medicare) for me from 2022 to 2025 after I changed my status from F-1 to H-1B. The company is now asking me to repay the full amount (~$27,000).   From my understanding of IRS regulations (26 CFR §31.6205-1(d)(1)):   If the undercollection is discovered within the same calendar year, the employer may recover it from the employee. If the year has already closed, the employer cannot legally require the employee to repay prior-year FICA taxes — the responsibility rests with the employer.     I was fully compliant with my visa status and the company processed my H-1B petition, so they were aware of my status change. I cannot afford to repay this amount, and I plan to ask the payroll/HR team to review the matter with Legal/Tax to ensure compliance.   Has anyone encountered a similar situation? How did your company handle it?   do I have to pay them back?  
This is incorrect. You do not need to live in a federally declared disaster area to claim and deduct a casualty loss from a Ponzi-type theft.   The issue is more one of providing the IRS with suffi... See more...
This is incorrect. You do not need to live in a federally declared disaster area to claim and deduct a casualty loss from a Ponzi-type theft.   The issue is more one of providing the IRS with sufficient substantiation to support your assertion that a bona fide crime took place. Court records, criminal complaints, and detailed records of the crime will all be required. Be prepared for scrutiny depending on how large the loss is in relation to your annual income. At least you referenced the correct section of the Code (Rev. Proc. 2009-20), but please do not opine if you didn’t read or understand it.
What $75?   Your fee for using the software?   Or federal or state tax due?   It is too late to use online now for a 2024 return.   If you have more work to do on a 2024 return you will need to use t... See more...
What $75?   Your fee for using the software?   Or federal or state tax due?   It is too late to use online now for a 2024 return.   If you have more work to do on a 2024 return you will need to use the downloaded desktop software on a full PC or Mac, and your return can only be filed by mailing it in an envelope.   It must be printed, signed and dated in ink, and mailed to the IRS/state.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe   If you already paid for your online software you can ask customer support for a download of the desktop software.   They are available from 5 a.m. to 5 p.m. Pacific time Monday - Friday   https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number     If you are getting a refund, there is no penalty for filing late.  If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe.  Only the IRS will calculate this—TurboTax will not calculate it.     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.