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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
@VolvoGirl wrote: It did another update today Jan 16.  Don't know  what it has. It's weird, but I'm betting there are bug fixes in there as well as scheduled updates. Since Intuit stopped iss... See more...
@VolvoGirl wrote: It did another update today Jan 16.  Don't know  what it has. It's weird, but I'm betting there are bug fixes in there as well as scheduled updates. Since Intuit stopped issuing release notes, I suppose we will never know.
The IRS will begin accepting 2025 federal tax returns on 01/26/2026.  Expect several days of waiting after the 26th since millions of tax returns will be processing on the IRS servers.
You will need to file a Part Year Resident return for Indiana since your wife did not live there the entire year.  In the Personal Info section of TurboTax, you should have entered that your wife liv... See more...
You will need to file a Part Year Resident return for Indiana since your wife did not live there the entire year.  In the Personal Info section of TurboTax, you should have entered that your wife lived in two different states in 2025.  If you didn't, you should go back and enter that she did live in two different states.  Once you do that, your Indiana state return should come up as recommended filing of a part year resident return.  If not, you may need to delete your Indiana state return and start over.  Also be sure to complete your Michigan return before working on your Indiana return and that you correctly allocate your income items to each state.
i also wanted to buy advantage, but since retailers dont bundle 'advantage', i am forced to buy from TT website :(
If you changed your permanent address, you are a part-year resident in each state, and you need to file a part-year resident return.  Generally speaking, state A will charge income tax on income that... See more...
If you changed your permanent address, you are a part-year resident in each state, and you need to file a part-year resident return.  Generally speaking, state A will charge income tax on income that was paid while you were living in state A, and state B will charge tax on income paid while living in state B.  If your SS benefit is your only income after you moved to state B, you probably don't have to file a return in state B.  But you might want to file to establish your change of residency, or there might be other benefits to filing even if you don't owe.     Also note that when preparing your state A return, your income will flow from the federal return which lists all your income.  You will have to manually tell turbotax how much of your total income should be assigned to state A. 
@siddjain1   generally the  acquisition  cost of the "new" S-Corp is an expense reported on its filing but the S-Corps are generally  pass through  for tax purposes.  Or are you saying that you are a... See more...
@siddjain1   generally the  acquisition  cost of the "new" S-Corp is an expense reported on its filing but the S-Corps are generally  pass through  for tax purposes.  Or are you saying that you are a new share holder of an existing S-Corp ?
FYI - the 1099R section won't be  ready until Jan 21.  So you have to wait to enter it.     Enter a 1099R under Federal Taxes Wages & Income Then scroll way down to Retirement Plans and Social S... See more...
FYI - the 1099R section won't be  ready until Jan 21.  So you have to wait to enter it.     Enter a 1099R under Federal Taxes Wages & Income Then scroll way down to Retirement Plans and Social Security Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start If you are adding another 1099R there might be a Add button at the bottom of the list.
I'm reading all the posts. I understand I must amend my 2022 tax return and I must mail the amended return.  Yet, I'm still unclear if  I will be able to use the TT software to properly complete the ... See more...
I'm reading all the posts. I understand I must amend my 2022 tax return and I must mail the amended return.  Yet, I'm still unclear if  I will be able to use the TT software to properly complete the amended return.  And which specific steps in forms do I need to use?  I would also appreciate knowing if anyone has successfully used TT to amend 2002 AND has received their IRS  refund.
1. Please tell us if you are using TurboTax Online or Desktop (CD/download). If the latter, Windows or Mac?   2. How do you answer the question, "What type of HDHP coverage did [name] have during... See more...
1. Please tell us if you are using TurboTax Online or Desktop (CD/download). If the latter, Windows or Mac?   2. How do you answer the question, "What type of HDHP coverage did [name] have during 2025?"