All Posts
April 15, 2025
7:03 PM
My return was rejected and when I click fix my return it says to double check the social and dependent status as my social showed up as a dependent on another return. But I can’t figure out how to g...
See more...
My return was rejected and when I click fix my return it says to double check the social and dependent status as my social showed up as a dependent on another return. But I can’t figure out how to go back into the return to see what was is there to double check it ?
Topics:
April 15, 2025
7:03 PM
My return was rejected and when I click fix my return it says to double check the social and dependent status as my social showed up as a dependent on another return. But I can’t figure out how to g...
See more...
My return was rejected and when I click fix my return it says to double check the social and dependent status as my social showed up as a dependent on another return. But I can’t figure out how to go back into the return to see what was is there to double check it ?
Topics:
April 15, 2025
7:03 PM
Topics:
April 15, 2025
7:02 PM
My standard deduction is coming out as 2999 rather than 14600. Why? I have 2000 in w2 income and earnnings on a 529. No penalty because I received scholarship money I applied it against which is an...
See more...
My standard deduction is coming out as 2999 rather than 14600. Why? I have 2000 in w2 income and earnnings on a 529. No penalty because I received scholarship money I applied it against which is an exception
Topics:
April 15, 2025
7:02 PM
Here you can file an extension for 2024: Free Federal Extension
Keep in mind, this is an extension of time to file, not an extension of time to pay.
April 15, 2025
7:02 PM
I want to file federal taxes jointly with my spouse, but separately for the two states that we are each resident in. Turbotax Desktop allows adjustments to our 1009-INT and 1099-DIV values as a Nomi...
See more...
I want to file federal taxes jointly with my spouse, but separately for the two states that we are each resident in. Turbotax Desktop allows adjustments to our 1009-INT and 1099-DIV values as a Nominee for joint accounts, but I do not see a way to do that for stock sales reported on Form 1099-B for our joint brokerage account. In Forms View, the 1099-B Worksheet shows the Owner of Account coded "J" for Joint, but the Capital Gains/Losses are not being divided in half for our state returns. What do I have to do to show the correct 50-50 value for capital gains for the state returns?
April 15, 2025
7:02 PM
@waisso770 The extension is only to file the return. And you only get one 6 month extension. The tax due payment is still due by April 15 each year.
April 15, 2025
7:02 PM
Okay ,my husband is a partner in a LLC. He got his K-1 and line 1 has a loss of 49,000, he also has guaranteed payment amount on line 14a. Now me materially participates in the partnership and all of...
See more...
Okay ,my husband is a partner in a LLC. He got his K-1 and line 1 has a loss of 49,000, he also has guaranteed payment amount on line 14a. Now me materially participates in the partnership and all of his invenstment is at risk. So i understand that guarantee payments you must pay SE tax on, but I was told that I can deduct the partnership loss of 49000 from the guarantee payment amount of 69000 lowering the amount of self employment tax he has to pay. TT did this automatically but it also deducted the loss on line 1 from regular income bring down my earned income. Can I us that loss on both sides to reduce self employment tax and earned income?
Topics:
April 15, 2025
7:01 PM
I am filing my taxes on FreeTaxUSA this year, but I can't find my w-2 from 2023 and I can't submit my return until the AGI has been added.
Topics:
April 15, 2025
7:01 PM
Topics:
April 15, 2025
7:01 PM
TurboTax still offers a free version, but it only applies to simple tax returns using Form 1040 without additional schedules, except for the Earned Income Tax Credit, Child Tax Credit, and student lo...
See more...
TurboTax still offers a free version, but it only applies to simple tax returns using Form 1040 without additional schedules, except for the Earned Income Tax Credit, Child Tax Credit, and student loan interest
If your tax situation is more complex, you may need to use a paid version.
If you accidentally upgraded your TurboTax version, you can downgrade by following these steps:
Open your return: If you haven't already, open your tax return in TurboTax.
Switch Products: In the left menu, select "Switch Products."
Select Downgrade: Choose the option to downgrade to a different TurboTax product
If you have already paid or filed, you might need to use the "Clear and Start Over" feature to switch to a different product. This will erase your current information, so you'll need to re-enter your data
April 15, 2025
7:01 PM
1 Cheer
If you don't qualify for any Education Credits, go back and delete all the education info you entered.
If you're using TurboTax Online, then clear your Cache and Cookies.
@ldlicardi
April 15, 2025
7:00 PM
My former employer contributes to my wife's HSA. Where do I enter that contribution? She is not on the payroll, so there is no box 12 on a W2.
Topics:
April 15, 2025
7:00 PM
It can only be deleted if I pay 200$ for premium.. won’t allow me to delete or remove it in free version.. definitely a glitch in the software I’ve tried it a dozen times
April 15, 2025
7:00 PM
To delete a form, follow these steps:
Windows instructions
Open or continue your return.
Switch to Forms Mode by selecting the Forms icon.
From the menu, select the form you want to ...
See more...
To delete a form, follow these steps:
Windows instructions
Open or continue your return.
Switch to Forms Mode by selecting the Forms icon.
From the menu, select the form you want to remove.
After the form is generated in the right pane, select the Delete Form button.
Follow any onscreen instructions to remove the form or forms.
Mac instructions
Open or continue your return.
Switch to Forms Mode by selecting the Forms icon.
From the menu, select the form you want to remove (if you don't see it, select Open Form at the top).
From the Forms menu, select Remove [form name].
Follow any onscreen instructions to remove the form or forms.
April 15, 2025
7:00 PM
Topics:
April 15, 2025
7:00 PM
Here is how to reach the extension.
Sign in to TurboTax.
Select Tax Tools then Tools from the menu and choose File an extension.
Follow the instructions to e-file your extension. Note:...
See more...
Here is how to reach the extension.
Sign in to TurboTax.
Select Tax Tools then Tools from the menu and choose File an extension.
Follow the instructions to e-file your extension. Note: You can't file an extension after April 15, 2025.
April 15, 2025
6:59 PM
Yes. Installing renewable energy equipment on your home can qualify you for Residential Clean Energy credit of up to 30% for equipment placed in service in tax years 2022 through 2032.
The qua...
See more...
Yes. Installing renewable energy equipment on your home can qualify you for Residential Clean Energy credit of up to 30% for equipment placed in service in tax years 2022 through 2032.
The qualified energy-saving equipment covered by the Residential Clean Energy Credit includes:
solar-powered equipment that generates electricity or heats water
solar power storage equipment with a capacity of at least 3 kilowatt hours (kWh) is required.
qualifying installation and labor costs
The tax credit doesn't apply for systems that you lease or for systems that you use to heat a swimming pool or hot tub.
This tax credit is non-refundable. It can offset your income tax liability dollar-for-dollar, but any excess credit won’t be refunded.
However, if the credit exceeds your tax liability for the year, you can deduct the unused portion in future years so long as the credit remains in effect
For more information, please read this TurboTax article: Federal Tax Credit for Residential Solar Energy
Entering Energy Home Improvements:
Open your return (if not already open).
Enter "energy improvements" in the Search box.
Click on "Jump to energy improvements" link.
Enter "Yes" to the question, "Did you make any energy efficient improvements in 2024 or have a carryforward from 2023?". Click on Continue.
Enter energy improvements information, and Continue.