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Friday
I pushed foreign income button by mistake it won’t let me finish help
Friday
You can enter out of pocket health insurance premiums you have paid in addition to the amounts deducted from Social Security.
If you receive Social Security benefits, your Medicare is deducted ...
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You can enter out of pocket health insurance premiums you have paid in addition to the amounts deducted from Social Security.
If you receive Social Security benefits, your Medicare is deducted from your SS. When you enter the SSA1099 for your Social Security, the amount paid for Medicare flows automatically to the medical expense section of the software, so do not enter it again.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
Friday
Okay but I still have to report the 1099-MISC or else it will be showing as missing, so how do I negative out that 1099 if it won’t allow me to put a negative number?
Friday
if you itemized deductions in any year and received a state refund for that year then the refund is taxable in the year you received it on your federal return. if you used the standard deduction, th...
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if you itemized deductions in any year and received a state refund for that year then the refund is taxable in the year you received it on your federal return. if you used the standard deduction, then it is not taxable.
Friday
Your taxpayer is not a fiscal or short year filer. Iowa says, "Filing Period If your federal filing period is other than calendar year 2025, enter the beginning and ending dates of your feder...
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Your taxpayer is not a fiscal or short year filer. Iowa says, "Filing Period If your federal filing period is other than calendar year 2025, enter the beginning and ending dates of your federal fiscal tax year on the line provided above the name and address boxes on the return." Just moving out of state does not make this a short-year return. It is a part-year return, and there is no need for dates on the Iowa return.
Friday
I do not have any retirement contributions, and I did not list this number anywhere. I've checked all of my boxes, and there is nothing automatically selected. I need box 12e removed from my tax retur...
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I do not have any retirement contributions, and I did not list this number anywhere. I've checked all of my boxes, and there is nothing automatically selected. I need box 12e removed from my tax return, but it is automatically populating.
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Friday
Previous turbotax programs had options for deducting this tax obligation. There are no options to do that on this program.
Topics:
Friday
I have the same bug. The MN state review shows me errors on the M1QPEN form - but I have no public pension. I delete the form but it keeps coming back. I have started the return over and I am c...
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I have the same bug. The MN state review shows me errors on the M1QPEN form - but I have no public pension. I delete the form but it keeps coming back. I have started the return over and I am certain I never check any box or provide any information that would conclude that I have a public pension.
Friday
Ran into the same problem helping my mother who couldn’t get TurboTax 2025 working on her M1 Mac. Intuit is not distributing a Universal Binary and instead distributing an Intel version only — at lea...
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Ran into the same problem helping my mother who couldn’t get TurboTax 2025 working on her M1 Mac. Intuit is not distributing a Universal Binary and instead distributing an Intel version only — at least that’s what we kept getting across different downloads. Her Mac had never run an Intel binary and so didn’t have Rosetta 2 installed and the installed app didn’t launch complaining of an installation error. Manually installing Rosetta 2 via the command line fixed the issue: softwareupdate --install-rosetta Good luck if you have the same issue! Annoyed at Intuit for not dealing with this better, seems like a rookie software distribution mistake!
Friday
The goal is to move that income into the Gambling Winnings section so TurboTax "unlocks" the ability to apply your losses against it.
Delete the 1099-MISC entry: Remove it from the "1099...
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The goal is to move that income into the Gambling Winnings section so TurboTax "unlocks" the ability to apply your losses against it.
Delete the 1099-MISC entry: Remove it from the "1099-MISC" section. If you leave it there, the software won't let you offset it with losses.
Report it as Gambling Winnings:
Go to Wages & Income -> Less Common Income.
Select Prizes, Awards, and Gambling Winnings.
When asked if you received a W-2G, say No.
Enter the description (e.g., "Drawing Win from 1099-MISC") and the amount.
Enter the Losses: Immediately following that entry, TurboTax will ask for your Gambling Losses. Enter your losses there (limited to the amount of the win).
Gambling losses are reported as itemized deductions. If you don't have enough deductions to itemize thus take the standard deduction, you won't be able to claim your losses.
Friday
I have Home & Business Desktop edition - and its different. To enter the IP PIN you have to go to Personal Tab, Other Tax Situations sub-tab, Other Return Info section, Identity Protection PIN and e...
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I have Home & Business Desktop edition - and its different. To enter the IP PIN you have to go to Personal Tab, Other Tax Situations sub-tab, Other Return Info section, Identity Protection PIN and enter it there. The software does not ask for it. (Tax Year 2025)
Friday
1 Cheer
@taxnovice There are many situations and combinations like you and others describe. Given a sufficiently complex software package like TurboTax, its architectural philosophy HAS TO follow a few "firs...
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@taxnovice There are many situations and combinations like you and others describe. Given a sufficiently complex software package like TurboTax, its architectural philosophy HAS TO follow a few "first principles" or "axioms", for example: 1 - The most intelligent component of a complex system is the human. Period. End of story. 2 - No software package can anticipate all real life situations 3 - Humans have to be trusted to resolve any real life scenario in the best way, using the software package as a tool 4 - The tool needs to detect as many data inconsistencies as it can, but only warn its users and allow them to make changes. It should never act on such inconsistencies on its own and should never forcefully bypass human decision making (see #1 and #2). Remember HAL from "2001: A Space Odyssey" Violating #4 leads to frustration, loss of human confidence in the software and loss of customers. I have lots of gray hair to support this principle.
Friday
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
Friday
Do you mean you are trying to prepare an amended 2024 return? TurboTax accounts cannot be deleted. You must be in the wrong account if your 2024 return is not showing up.
Many people have m...
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Do you mean you are trying to prepare an amended 2024 return? TurboTax accounts cannot be deleted. You must be in the wrong account if your 2024 return is not showing up.
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=m76mq6z2
Use a mailing service like certified mail to track so you will know it was received since you will have a long wait.
Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.
You can watch for information here:
https://www.irs.gov/filing/wheres-my-amended-return
Friday
1 Cheer
@localhero wrote: ....the TT expert I'm working with is telling me that I need to subtract all days it wasn't occupied... Yeah, that's wrong.
Friday
If you're considered to be a remainderman (i.e., your Mom had a life estate) then the basis for the house is the FMV on the date of your mom's passing. The date it was transferred to you is not relev...
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If you're considered to be a remainderman (i.e., your Mom had a life estate) then the basis for the house is the FMV on the date of your mom's passing. The date it was transferred to you is not relevant for that purpose.
Friday
1 Cheer
Thank you. That's how I thought it works but the TT expert I'm working with is telling me that I need to subtract all days it wasn't occupied with a tenant. She had me going through leases to figur...
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Thank you. That's how I thought it works but the TT expert I'm working with is telling me that I need to subtract all days it wasn't occupied with a tenant. She had me going through leases to figure out how many days between tenants. I told her I've never been asked to do that before (I've previously used CPA's for my taxes) but she insisted...
Friday
Form 1040 and 1040SR are identical in every way except that 1040SR has bigger print. If you are 65 or older when you print out your return it will print on a 1040SR.
A 1040 is the tax ret...
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Form 1040 and 1040SR are identical in every way except that 1040SR has bigger print. If you are 65 or older when you print out your return it will print on a 1040SR.
A 1040 is the tax return form you prepare here to send to the IRS. If you start entering data in this software you are preparing a Form 1040. Please look at it so you will know what you are sending to the IRS:
PREVIEW 1040
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
Friday
That is basically what I did, but I reduced column B by my HRA monthly funding, which also resulted in a zero PTC calculation. I think I had read elsewhere the option to not include the 1095 fo...
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That is basically what I did, but I reduced column B by my HRA monthly funding, which also resulted in a zero PTC calculation. I think I had read elsewhere the option to not include the 1095 form if I did not receive a APTC and was not wanting to calculate a PTC, so I do think that is an option, worst case they reject your return and you re-submit with the column B adjustment. Again though, SHAME to TurboTax and Intuit for ignoring this issue for years. I get it that changes mid tax season could be difficult, but this same issue has existed since at least 2022 I found posts talking about it.