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this is not a caryover, as the loss was last year. I don't see where i enter that in TT
Other income can be the following types of income:   Money you received from something like a prize, award, lawsuit settlement, etc. It's most often on a 1099-MISC (Box 3) You report it ... See more...
Other income can be the following types of income:   Money you received from something like a prize, award, lawsuit settlement, etc. It's most often on a 1099-MISC (Box 3) You report it on Line 8 of Schedule 1 of the Form 1040
Here it is 5 yrs later, 2025,and this problem still happens.  All I can say is THANK YOU!!!! 
I have posted before. I have imported the 1099-B form twice and each time it imports fine. Once I start reviewing the over 200 entries, the remaining 91 entries become unavailable even though the co... See more...
I have posted before. I have imported the 1099-B form twice and each time it imports fine. Once I start reviewing the over 200 entries, the remaining 91 entries become unavailable even though the count is shown at the top of the page.
Assuming you are referring to the special credits Arizona allows, such as for a contribution to a qualified charitable organization (QCO) on the Arizona (AZ) return, follow the steps below.   ... See more...
Assuming you are referring to the special credits Arizona allows, such as for a contribution to a qualified charitable organization (QCO) on the Arizona (AZ) return, follow the steps below.   Sign into your *TurboTax account > Select State Taxes > Continue through the state screens until you reach the Additional Standard Deduction for Charitable Contributions screen Select Contributions for Which You are Claiming an Arizona Credit enter your contribution amount Continue to complete your return Be sure that your contributions entered here are not duplicated on your itemized deductions. See here for more information from the State of Arizona regarding the tax credits.   The credits and carryovers are addressed in the Arizona interview. When you complete the 2024 Arizona interview in TurboTax, review each screen and answer the questions that apply to you. When you get to the screen asking about Other Nonrefundable Credits (see screenshots below), check the box next to "Contributions to qualified charities". On the follow-up screen, check the box indicating that you have a carryover from 2023 if that applies.     If you have a carryover from 2023, look for this screen:     If you made the entries but don't see the credit on your return, check to see whether you had Arizona tax on the return against which you could apply the credit. If not, you may be able to carry it over to 2025.    
I followed instructions found on this forum to the best of my ability for entering an indirect rollover. This is my situation. In December I inadvertently took excess out for my RMD.  As soon as I re... See more...
I followed instructions found on this forum to the best of my ability for entering an indirect rollover. This is my situation. In December I inadvertently took excess out for my RMD.  As soon as I realized my mistake, I called and was told I could do an indirect rollover, which I did. The inssue I'm having is some of the money on the 1099 went to the RMD and some went back into the IRA. I indicated that in Turbo Tax, but when I was reviewing it came up with a 5329-S form, which sounds to me like it is meant to take more taxes out. Can someone please tell me what I've done wrong and how I can fix it.  $14,876.53 was taken out. My required RMD was $8,011.12. The $8,011.12 went to take care of the RMD and the excess $6,817.74 was rolled back into my IRA as an indirect rollover. All of it was taxed, but in order to retrieve the taxes from the $6,817.74, I was told I had to report it on my taxes. I will be really greatful if someone can explain why the form 5329-S is coming up.
Here's a tip that might help, especially if you later get an Error Check notice.   Choose the format "type" as @ RobertB4444  mentioned above, but when entering the actual numbers, enter them conti... See more...
Here's a tip that might help, especially if you later get an Error Check notice.   Choose the format "type" as @ RobertB4444  mentioned above, but when entering the actual numbers, enter them contiguously without any hyphens or spaces.   TurboTax will take the 9 contiguous digits and should know how to format them as EIN or SSN based on the format "type" you indicate.
@ckuntzman200    Wait a bit though.   Are you under age 24 and considered a dependent of your MI-Parents?   IF so, your time in the College state is considered temporary (and ignores the 183 da... See more...
@ckuntzman200    Wait a bit though.   Are you under age 24 and considered a dependent of your MI-Parents?   IF so, your time in the College state is considered temporary (and ignores the 183 day stuff), and you are considered a full-year resident of MI.   Then, if you work in that college state, then you only file a non-resident tax return for that working income in the college state.
For assets purchased in prior years, no amount of prior depreciation shows up. So the calculated amount under 200DB is incorrect.
yes it works best when you're able to use prior year tax for the estimated tax payments rather than 90% of the current year, as everything from prior year is known and it doesn't matter what unexpect... See more...
yes it works best when you're able to use prior year tax for the estimated tax payments rather than 90% of the current year, as everything from prior year is known and it doesn't matter what unexpected income you get or when.   But, IRS allows for uneven income and estimated tax payments instead of even quarterly payments, by allowing you adopt an annualized income method on Form 2210 where you can lay out your AGI vs. the estimated payments to reduce/eliminate the penalty.  You would need to provide cumulative AGI, Long Term Cap Gains/Qualified Dividends thru 3/31, 5/31, 8/31 for this method.   Under Other Tax Situations / Underpayment Penalties, you can go through the interview process to see if it reduces/eliminates the penalty and then adopt this method.
TN does not have income tax.   Enter your w-2 as it appears.   You will be able to adjust/allocate the wages when you prepare the part-year state return for the other state.   If you were a resident ... See more...
TN does not have income tax.   Enter your w-2 as it appears.   You will be able to adjust/allocate the wages when you prepare the part-year state return for the other state.   If you were a resident of two different states during the tax year, follow these steps.   How do I allocate (split) income for a part-year state return?
Hey can I get my stimulus check
I would use eBay, but what matters the most here is that you use something that allows you to be prompted to remember what this transaction refers to in the unlikely event that you are asked to show ... See more...
I would use eBay, but what matters the most here is that you use something that allows you to be prompted to remember what this transaction refers to in the unlikely event that you are asked to show support for the numbers.
It sounds like you are using TurboTax Online, but purchased a license code for TurboTax Desktop software.   If that is the case, follow the steps in this TurboTax Help Article to switch from Turb... See more...
It sounds like you are using TurboTax Online, but purchased a license code for TurboTax Desktop software.   If that is the case, follow the steps in this TurboTax Help Article to switch from TurboTax Online to TurboTax Desktop:   Install and/or open your 2024 TurboTax Desktop. If you have not installed TurboTax Desktop software, select the product you need to complete your return. Important: If your return includes a state, make sure you also install the corresponding state program(s) in order to proceed. Select Continue From TurboTax Online. Sign in to your Intuit Account. Your data will be imported into TurboTax Desktop, and your return will open once data transfer is complete.
The problem seems to be that the partnership return was prepared incorrectly. The property hasn't been sold.  Thus, its cost and probably most other expenses regarding the property should be reflecte... See more...
The problem seems to be that the partnership return was prepared incorrectly. The property hasn't been sold.  Thus, its cost and probably most other expenses regarding the property should be reflected in the ending inventory.  I think it is crucial that a corrected return and K-1s be filed. Failure could prompt an IRS audit. You can't ignore what is on the K-1. The IRS sure wouldn't.  A tax pro should probably be consulted as to what can be expensed and what must be included in ending inventory costs.
According to the instructions for Form 8962, it only needs to be filed if you have a premium tax credit, which would only occur if you had entries in column C on your Form 1095-A. Since you don't hav... See more...
According to the instructions for Form 8962, it only needs to be filed if you have a premium tax credit, which would only occur if you had entries in column C on your Form 1095-A. Since you don't have that, the form would not need to be included with your tax return:  
I followed the suggestion from another contributor. I enter $0 for the prior year AGI and I was able to efile.
" You would need to look at your 2023 W-2 and any other income documents to see how much state tax was withheld."   Would this be the same as the amount from Line 5d of Schedule A? Or would it be L... See more...
" You would need to look at your 2023 W-2 and any other income documents to see how much state tax was withheld."   Would this be the same as the amount from Line 5d of Schedule A? Or would it be Line 5e (smaller of the 2 amounts, 5d or 10,000)?   This "Total of all your payments..." question has been confusing me and I'm glad to have found this topic. I would appreciate your response. Thanks!
That is what it legitimately producing the QBI. Leave it alone.