All Posts

At this time, you would need to print, sign and mail your return in order to report a W-2 that is mostly overtime pay. TurboTax is currently not set up for that situation. See How do I file my return by mail?   @user17744489123 

To enter rental income, expenses and rental asset depreciation - Click on Federal Taxes (Business using Home & Business) Click on Wages and Income (Business Income and Expenses using Home & Business) Click on I'll choose what I work on Scroll down to Rental Properties and Royalties On Rental Properties and Royalties (Sch E) , click on the start or update button

If your foreign income is over the de minimis threshold ($300/$600, or the $5,000 gross limit you mentioned), you are required to "apportion" expenses. The formula generally looks like this.    Expense allocated to foreign source = total expenses X (Gross foreign gross income/ total Gross income).  The investment income is calculated and reported as a total in the total gross income. Total gross income is ALL INCOME reported and used in the calculation of the foreign tax credit as well as the apportioned expense. @dzimmer10                         

I am trying to Open my 2023 Turbo Tax Application, and it now says I have used all five of my licenses. I only have it on my laptop and my computer. The computer is where I did the taxes that year and now it says I have used all of my licenses how is that possible I think last year I had to enter the code again as well but last year I wasn't out of licenses. I don't want to have to do this every year how can I just get it to work on my computer?

UPDATE - Mar 26, 2026   I too have REPEATEDLY over a 2-week period AT VARIOUS times of DAY\NIGHT attempted to import my Merrill Lynch Brockerage account tax forms into TurboTax and it fails.   - I have disabled everything imaginable on my desktop Anti virus, AdBlock Plus, enabled 3rd party cookies. Turbotax finds Merrill, I enter Merrill Userid\PIN and click the box share my data  and after 30 seconds receive the Merrill message   Merrill is currently unavailable There’s likely a technical issue or high traffic volume at their website. If this error persists for more than a few hours, contact us. (105)   It is a Merrill I.T. issue and I am done with investing with Merrill for this VERY reason. I just began investing with them through a Fund manager recommended to me who is useless after he signed me up and doesnt respond to my emails for assistance. GOING BACK TH BNY...  

First verify your return was accepted by NY. While the standard window is usually 4 to 8 weeks, several factors are pushing many New Yorkers into the 6- to 10-week range this year: The "Processing Loop": If you used software like TurboTax and filed early, there was a documented glitch. The software initially lacked updates to account for the "Inflation Refund Checks" sent out in late 2025. This caused thousands of returns to get stuck in a "processing" status while the state and software providers synced up. Manual Review Backlog: NY has increased fraud-prevention filters this year. If your return triggered a routine check for identity verification or credit eligibility (like the Child Tax Credit), it moves to a manual queue, which is currently backed up. Federal Conformity Issues: Changes from the "One Big Beautiful Bill" at the federal level required states to update their forms mid-season. NY has had to manually adjust some returns to ensure state and federal data match. When you  verify you may hear: "Processing": Your return has been received but hasn't been finalized.  "Initial Approval Stage": The math is done, and they are just waiting to schedule the payment. "Further Review": They might send you a letter (Form DTF-948 or similar) asking for a copy of a W-2 or to verify your identity. Check your mail—if they sent a letter, the "clock" stops until you respond

I came to this thread because I did an internet search for "When did NM change the capital gains adjustment". Of the results, I chose this thread 🙂 as well as an article for a tax reports publication, which explained the detail that I needed. The article includes discussion of which types of capital gains were affected by the 2024 legislative change, and which were not. I am not about to tell tj21 what category your sale is in, and that article may not apply to your situation anyway; I suggest you do an internet search on a question more directly related to your issue. You'll probably get a link to this thread! but hopefully, to relevant tax publications as well.

it looks like they are withholding social security taxes from IHSS income. They are not withholding federal. That creates excess. It was the same last year, but last year, I had no problem reporting it the same way. this year, it let me e-file, but the return got rejected with the description : If Schedule 3 Form 1040 "ExcessSocSecTaxAmt has a non-zerovalue, then at least two Form W-2s with the same EmployeeSSN must be present in the return. I do have two forms W-2 for myself, one from my main employer and the other from IHSS. How do I fix it?  

@pk thanks a ton for clarifying.   However, I feel your comments on 1 & 2 are bit contradicting. On Point 1, you said "World income being income (all types) from all sources ( within or without US shores/territories etc.);" and has to be reported on 1040, which I am interpreting as I need to report the income earned in Canada between 1st Jan'25 - 1st Jul'25 (as it was the income earned outside US, though I am not a US resident for the said period). But on Point 2, you said "US taxes you ONLY on US sourced / connected / closer connection to  income" and has to reported & taxed on 1040-NR, which I am interpreting as I don't have to report the income earned in Canada between 1st Jan'25 - 1st Jul'25 (as it was not sourced in US). In this is true, then what am I supposed to report as Income on 1040-NR!? Sorry, if I sound quite naive here.  

I Thank you for your patients with me. The following that is underlined is spelled out on my last paycheck: Last year I was an HCE, for my catch-up contributions, I put $2,700 pre-tax into 401k and $4,800 after-tax into Roth (do I need to correct this before Apr 15 by having the $2,700 moved to Roth along with paying taxes on this?) On W2, Line 12 Code D is less than $9K and Line 12 Code AA is >$20K   Since I was limited to 14%, I did not contribute the full $23,500 so I got a second job and opened a solo-Roth 401k and contributed to Schwab, I am still $85.50 short of the $23,500, so I will contribute the shortfall in the solo-Roth 401k   My denied catch-up contributions occurred 20+ years ago after the IRS started the $1,000 catch-up amount. that was when both the limit and catchup amount was reported to the IRS, I was ~50 short of the normal contribution limit and they double penalized me because I did not correct this before April 15    This year I am not HCE since I reduced my working hours last year.

You are not missing anything,  the message gets stuck sometimes.   The Needs Review message will NOT prevent e-file.   Before you file the return(s), TurboTax will take you through a Complete Check and will flag any errors that will prevent e-filing then.   You can continuing preparing your returns and ignore the needs review messages.   If there are any errors on the return, the Complete Check in the final review section will prompt you to make changes before submitting the return(s).      Go ahead and scroll down and click Continue.   Once you get through all of the subsections in Uncommon Tax Situations, the message should disappear.    The message will not prevent filing, and at the end of that section, you will run the Federal Review to verify this.   Let us know if the message is preventing a successful tax return check.