All Posts

You have to go to Step 2 in the FILE section.   HOW TO CHANGE OR ENTER BANKING INFORMATION FOR REFUND https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/change-transferred-direct-deposit-information/L77NCbU6D_US_en_US?uid=m6tuh572     You cannot  change banking information while your return is in pending, nor can you change it after the return is accepted.  The IRS does not allow it.       You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2024 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   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     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.    

Thank you. My father never claimed the depreciation from 2014 until he quitclaimed the property to three of us in 2020, and I understand that we have to report depreciation recapture far back from 2014 until we sold the property in 2024. If we file form 3115, how far back can I claim missed depreciation? From 2014 until 2024 ?

2023 return:   Amend the 2023 return. Remove the $13 as a direct HSA contribution (in the HSA interview). Now there should be no excess and no carryover.   2024 return:   Enter the 1099-SA. If the distribution code is "2", then the amount in box 1 ($13) will be ignored, and the amount in box 2 (earnings, $1) will be added to Other Income.    If the distribution code is "1", then the box 1, then when you (he) is asked if this was all for medical expenses, answer "yes". The amount in box 1 will be ignored. Is there an amount in Box 2? If so, it will probably be ignored, too (it's not normal to have earnings in a regular distribution). If the $1 gets added to Income, I would say ignore it, because it's not worth fussing over.   2025 return   If things go as planned, there will be no effect on the 2024 tax return.   As always, please document everything in case any one asks. With luck, this will be the end of it.

New York prefers e-filed returns, but there are certain circumstances that make it necessary for you to file your NY return by mail and the state DOES allow mailed returns.    If you could not or did not e-file your federal return then your NY return cannot be e-filed.   It has to be mailed.   It is not possible to e-file any state return if the federal return was not e-filed and accepted by the IRS.   https://www.tax.ny.gov/pit/efile/efile_mandate_for_individuals.htm https://www.tax.ny.gov/pit/file/return_assembly_mail.htm

California Schedule EO (568) is available in TurboTax Business for entities that file Form 1065. If the schedule doesn't automatically appear in your forms list, you can find it by using the Open Form icon above the list of Forms In My Return (Forms Mode).   Search for "sch eo" and choose the version for LLCs. Enter any missing information in boxes highlighted in yellow.

The program removes information it thinks is personal. To file, use can use a foreign address but zip code change to 00000. Use a fake EIN of 99-9999900. If your state has a retirement benefit, you may want to use the 1099-R entry  to report the income. Entering it as "other income" is fine for the federal. You don't want to enter it as a 1099-MISC.   To report it as Miscellaneous Other Income: go to the federal income section scroll to the bottom Miscellaneous Income, 1099-A, 1099-C, Start Scroll to the bottom Other reportable income, Start Other taxable income? Select YES Description  - Foreign social security Amount, enter your amount Continue To enter it as a 1099-R, a normal entry for normal pension follow these steps: Log back into your return Go to Federal Income section Select 1099R and Edit Continue through entry screen, Double check, IRA box is blank Continue Public Safety Officer, NO Continue Where is this from? usually None of the Above, but select the correct answer for you Continue Select From a qualified plan What did you do? Select something else, cash, etc Continue Periodic payments? Select yes, you get monthly checks Continue Withdrawal due to disaster? Select NO Continue @Kosetife

Are you saying that the reviewed entries are now gone?  Or you are no longer able to view the entries?  When you print or view the tax return, are the transactions reported?    Please clarify.   Are you using TurboTax Desktop or TurboTax Online?

He can file an amended return and still owe no tax. He does not have to do that until well after you have filed, claiming everything you're entitled to.  The simple way to claim the full AOTC, on your return, is to enter the 1098-T with $4000 in box 1 and box 5 blank.  Don't bother with any other numbers. *   This education stuff is very common and not an IRS target.   Students living at home are still allowed an R&B allowance. You can be sure it's more than $1944. So, again,  forget the 1099-Q.    *The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income.  If you claim the tuition credit, you do need to report that you got one(the TurboTax interview will handle this) You claim the tuition credit, or report scholarship income, based on your own financial records, not the 1098-T.  If you find it easier, just change the numbers in boxes 1& 5 to what your records show. The 1098-T that you enter in TT is not sent to the IRS.

If you are not self-employed, the only thing you might need to enter about buying a new car is information if the car is an EV, or sales tax you paid if you are trying to itemize deductions.     SALES TAX You can enter the sales tax you paid for the car you purchased in 2024 by going to Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax.  You will be asked if you paid sales tax on a major purchase, and you will be able to enter the sales tax you paid for your new vehicle.    Sales tax is an itemized deduction.  Unless you have enough other itemized deductions to exceed your standard deduction the sales tax will have no effect on your tax due or refund.   “Major purchases” that you can enter for the sales tax deduction include: Motor Vehicles (cars, trucks, motor homes, RV’s, sport utility vehicles and off-road vehicles Aircraft or boats Mobile homes Manufactured housing Building materials for major home improvements You cannot deduct: furniture, jewelry, home electronics such as TV’s or computers   States with no sales tax:  Alaska, Delaware, Montana, New Hampshire and Oregon  

Fun Update: TurboTax won't let me e-file anyway. It says Box C must be checked on form 1310, but since I'm the court appointed executor I can only check box B. And even though I checked the subsequent box B1 saying "certificate previously filed" the e-file won't go through and I'm told to mail the return. So now I'm just going to file by mail, with another form 1310 and another copy of the executor document and be done with it.