turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

All Posts

The fee you paid for using TurboTax is separate from what you scheduled for direct debit from your bank account.  Even though you may have put the day you want to have your money debited, the state m... See more...
The fee you paid for using TurboTax is separate from what you scheduled for direct debit from your bank account.  Even though you may have put the day you want to have your money debited, the state may or may not do it exactly on the day you specified.  So make sure you have the money there when the transaction is made.  So before you transmitted your return, you would have been given options on how you wanted to pay.  Without knowing what state you filed with, I can be general.  But if on the way to completing your return, if you gave up bank account info and a payment date to have the money come out of your bank account, you only need to wait until that happens.  You can always look at your return to see if that is what you chose.
Should I also only list 50 percent of the value of the house when it asks for the fair market value ?
I think the 2025 estimated payment vouchers are separate from your 2024 payment and any plan for that.   To avoid an underpayment penalty in 2025 you need to have paid thru withholding or timely es... See more...
I think the 2025 estimated payment vouchers are separate from your 2024 payment and any plan for that.   To avoid an underpayment penalty in 2025 you need to have paid thru withholding or timely estimated taxes, either 100% of your 2024 tax (110% if AGI > 150k) or 90% of your 2025 tax, whichever is smaller (the 'safe harbor' amount).  By default TT will calculate ES vouchers for 2025 based on paying "100% of your 2024 tax" and assumes your 2025 withholding will be the same as 2024, and the difference is made up by estimated tax divided into 4 equal quarters.  If you go thru the interview questions under Other Tax Situations / Form W4 and Estimated Taxes you can provide estimates for 2025 which will likely then trigger the "90% of 2025 tax" option and reduce the vouchers to a more sensible level.  The "100% of 2024 tax" method is useful if you expect a significant increase in taxable income in 2025 e.g. Roth conversion.
This error also happens if you have a capital loss entered from a T5008 slip.   This Netfile error code 95365 from CRA is not a CRA problem but rather an issue with Turbotax when entering T3 & T500... See more...
This error also happens if you have a capital loss entered from a T5008 slip.   This Netfile error code 95365 from CRA is not a CRA problem but rather an issue with Turbotax when entering T3 & T5008 receipts. Especially when the T5008 is a capital loss amount.   My tax setup is that I do income splitting with my spouse.   Test Steps:   I enter in Turbotax the T3 slip with box 21 & box 53 with positive values (ie. 42) and I check the T936 form, line 68140 and Sched 3, line 17600, both are populated with the same values (ie. 42).      2. Now I enter in Turbotax the T5008 slip with box 20 & 21 resulting in a capital loss amount, when I check             the T936 form, line 68140 is changed to 0 and Sched 3, line 17600 is populated with the same value                   (ie.42).      3. When I delete the T5008 entry or enter T5008 box 20 & 21 values resulting in a capital gain amount and           check the T936 form, line 68140 and Sched 3, line 17600, both are populated with the same correct                     values (ie.42).   So not a CRA Netfile issue but rather a problem with Turbotax populating the T936 field incorrectly on a T5008 capital loss scenario. 
Since she didn't file a tax return in 2023, you shouldn't use the AGI from 2023.  Try entering 0 instead.    How do I find last year's AGI?
You started using the furniture for business purposes in 2024 and may depreciate the furniture in 2024.
TurboTax automatically creates four estimated tax payment vouchers for you to print out with your tax return.   These do not get transmitted to the IRS. You do not have to use them.   You can... See more...
TurboTax automatically creates four estimated tax payment vouchers for you to print out with your tax return.   These do not get transmitted to the IRS. You do not have to use them.   You can discard them if you like.
This is definitely a bug and it’s extremely frustrating.  I had to file my return with this S Corporation form and I’m concerned this will be flagged.  I’m going to save this issue and response for I... See more...
This is definitely a bug and it’s extremely frustrating.  I had to file my return with this S Corporation form and I’m concerned this will be flagged.  I’m going to save this issue and response for Intuit  if I need to explain why I filed my taxes incorrectly     
The latest email from Turbotax with a link to the cra announcement of relief for certain error codes doesn't list error code 95365. It seems to indicate that cra isn't even listing error code 95365 a... See more...
The latest email from Turbotax with a link to the cra announcement of relief for certain error codes doesn't list error code 95365. It seems to indicate that cra isn't even listing error code 95365 as an ongoing issue. Is cra really working on this error code with turbotax or do they consider it fixed and does not qualify for relief?   When can we expect the next update that will fix this?
You would need to go back and amend the returns for each year you missed the required minimum distribution. You can do this in TurboTax going back three years or so but before then you may have to ge... See more...
You would need to go back and amend the returns for each year you missed the required minimum distribution. You can do this in TurboTax going back three years or so but before then you may have to get a tax preparer to help you. Although you can only go back three years to amend a return to receive a refund of taxes, you can go back as long as necessary to amend returns if you owe taxes. For practical purposes, the statute of limitations on collecting federal income tax is ten years, so you wouldn't have to go back beyond then. 
Extensions must be made BEFORE the due date for the tax return so it is too late to file an extension for 2023.  For 2024,  follow these steps:     On the left rail menu in TurboTax Onl... See more...
Extensions must be made BEFORE the due date for the tax return so it is too late to file an extension for 2023.  For 2024,  follow these steps:     On the left rail menu in TurboTax Online Select Tax Tools  (You may have to scroll down on the left rail menu.) On the drop-down select Tools  On the Pop-Up menu titled “Tools Center,” select File an extension Follow the instructions to start the extension process Also, you may have to do your state taxes: Do I need to file an extension for my personal state taxes?   Remember, an extension gives you more time to prepare your taxes, but it doesn't extend the time to pay your taxes.  If you have an indication that you will owe taxes, you should make the payment by the original due date of the tax return to avoid additional interest and penalties.   
Yes!  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.
Am I suppose to reduce the value of the home by half so that it calculates the correct amount ?   Why wouldn’t TurboTax do that automatically?  I told it I own 50 percent of the property.  
Hi,   I have a W2 from the Army and box 15 has the state I.D. but box 16 and 17 are empty. Does that mean they are exempt from withholding? 
Should I enter the amount under other
You can try deleting Form 5405. You can revisit your TurboTax screens regarding this credit to get rid of this requirement to update your credit by using the instructions below.   To get to the H... See more...
You can try deleting Form 5405. You can revisit your TurboTax screens regarding this credit to get rid of this requirement to update your credit by using the instructions below.   To get to the Homebuyer Credit entry screens in TurboTax to review your entries, you can do the following:   Click on the search icon in the upper right of your TurboTax screen Type "homebuyer credit" in the search bar Click on the link "Jump to homebuyer credit" Your screen will say "Tell Us About Your Homebuyer Credit" Select "Yes but the home I received the credit for stopped being my main home on or before December 31, 2023" If you never received the credit, select "No, I never got this credit"   To search for your homebuyer's credit screens          Select "Yes" to confirm the deletion of Form 5405       Click here for Can You Still Take the First-Time Homebuyer Credit?
Thank you for this answer. I had this exact situation, printed out my return, found a mistake, hadn't mailed it yet, and needed to make an edit. 
2023and 2024