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@MIKEYP12 wrote: I can't find a place on Turbo Tax deluxe to enter my k-1 information. I can only see sch K To enter a Schedule K-1 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business) On Schedule K-1, Q, click on the start or update button

Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no state income taxes.   As your state Washington has no state income tax, it is not in the drop down menu of Box 15 of form 1099-R. Just leave boxes 15 and 16 blank even if WA is listed in box 15 and box 16 is filled with an amount on your form 1099-R.  

@RNTAX2025 wrote: For the Rollover IRA,  number 7 is selection 2  and P.  It says P is for Return of contribution taxable in 2023. Shouldn't this be 2024? Please confirm.    Thank you! Technically yes, but that's normal in this situation.  In January 2026, you will get a 1099-R that matches the substitute you are creating now, and on that 1099-R, code P will mean "return of contribution taxable in 2024", which is the tax you are paying now. 

We have tested rental expense entries but are unable to reproduce the experience you have seen. It would be helpful to have a TurboTax ".tax2024" file to test this issue further.   If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions:    In TurboTax Desktop, open your return and go to Online in the TurboTax header. (On a Mac computer, choose Share or Help.) Choose Send Tax File to Agent. You will see a message explaining what the diagnostic copy is.  Click Send on this screen and wait for the Token number to appear. Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important. We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution. 

If you were able to deduct all of your mortgage interest for 2022 but should have had a limitation applied because you took the loan out after December 15, 2017,  and your outstanding debt was larger than $750,000, you could have been affected by an issue within TurboTax at that time. However, TurboTax did run a study and notified users who appeared to have been affected. The debt limit is working for Federal returns for 2023 and beyond.   See this help article regarding the 2022 issue. It has instructions on how to amend 2022; however, you shouldn't file an amended return if the IRS is currently auditing the issue. You could prepare one to compare the results with any proposed IRS adjustment.   TurboTax calculations are guaranteed. If your situation meets the terms of the 100% Accurate Calculation Guarantee, Intuit will reimburse the amount actually paid by you to the IRS or state in penalties and/or interest as levied against you in their first notice (i.e., if the notice is not paid, Intuit will not reimburse additional interest and penalties for not paying the first bill timely).   Claims can be filed online here. If you file a 2024 claim and the drop-down menu of years doesn't show 2024 yet, you can choose "2023" and the Accurate Guarantee team will consider your claim.   For mortgages acquired after December 15, 2017, taxpayers can write off interest paid on indebtedness of $750,000 or less. If mortgage indebtedness exceeds $750,000, only a percentage of the interest can be deducted.   See IRS Publication 936 for more details about the mortgage interest deduction.   @fernando.miralles.wilhelm 

Yes.   Select the following to report Other miscellaneous taxable income.    Federal Income and Expenses Scroll down to Less Common Income and click Show More Start next to Miscellaneous Income Start next to Other Reportable Income  

As KrisD15 stated above, you can file a claim showing that you are considered an employee, not a subcontractor. However, you must provide information such as income, taxes withheld, etc.  This option would save some funds even if you can't prove taxes have been withheld because the employer would be responsible for at least half the Medicare and Social Security tax.  For more information on how to do this see the link below:   What to do if you don't receive a W-2 @ejjgtj12 

The sale of the tickets would be a sale of personal items and you can report the income using investment sales. Be sure to enter the correct sales price for the tickets that were sold and the cost of those same tickets. You have already stated you have the records so be sure to keep them with your tax documents. should you need them later.    To enter your sale in TurboTax, follow these steps.  Open or continue your return. Navigate to the investment sales section: TurboTax Online/Mobile: Go to investment sales after selecting the FAQ 'Where do I enter a capital gain or loss?' TurboTax Desktop: Search for investment sales and then select the Jump to link.  Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (select Other as they type of sale) Answer Yes to the question Did you sell any of these investments in 2024?  If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments. Click this link for more information. Where do I enter Investment Sales? Any loss on the sale of personal items is not allowed to reduce other income.

To access your prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   Start the 2024 online tax return by entering some personal information then click on Tax Home on the left side of the screen.   On the Tax Home webpage - Scroll down to the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF) or Click on View adjusted gross income (AGI)   If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.

When you enter 1099-R, you'll be asked in one of the follow-up questions if it was a Qualified Charitable Distribution. TurboTax includes the full amount of the distribution reported on your Form 1099-R on line 4a (IRA Distributions) of your Form 1040 or 1040-SR. The taxable amount reported on Line 4b will be the total distribution less the QCD amount and will have "QCD" entered next to it.   QCDs are limited to the amount that would otherwise be taxed as ordinary income.  A distribution made directly to the IRA owner, who then gives it to a charity, doesn't qualify as a QCD.   Where do I enter my 1099-R?