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What version do you have?     Go to Search and try entering "self-employed retirement" to get the Jump To link Go to Federal Income and Expenses and then scrolling down to the Other Business Si... See more...
What version do you have?     Go to Search and try entering "self-employed retirement" to get the Jump To link Go to Federal Income and Expenses and then scrolling down to the Other Business Situations section. Click Start or Update beside Self-Employed Retirement Plans. For Desktop Click Federal Taxes > Wages & Income > I'll choose what I work on. On the "Your 2024 Income Summary" page, scroll down to the Business Items section. Click the Start or Update button for Business Deductions and Credits. On the Business Deductions and Credits screen, click the Start or Update button for Self-employed retirement plans. Home & Business version Go to Business tab - Continue I'll Choose what I work on Scroll down to Less Common Business Situations Self Employed Retirement - Start or Update
If the trust/estate has no taxable income, no Oklahoma state return is required. The key phrase is "taxable income."
IRS publication 502 says this: "You can include in medical expenses the cost of medical care in a nursing home, home for the aged, or similar institution, for yourself, your spouse, or your dependent... See more...
IRS publication 502 says this: "You can include in medical expenses the cost of medical care in a nursing home, home for the aged, or similar institution, for yourself, your spouse, or your dependents. This includes the cost of meals and lodging in the home if a principal reason for being there is to get medical care. Don't include the cost of meals and lodging if the reason for being in the home is personal. You can, however, include in medical expenses the part of the cost that is for medical or nursing care." https://www.irs.gov/pub/irs-pdf/p502.pdf   However, as pointed out above, you can only deduct unreimbursed medical expenses that exceed 7.5% of your adjusted gross income (AGI), found on line 11 of your 2024 Form 1040. And you might be better off with the standard deduction, depending on what other deductions you have.
After you log into your return:   On the left side bar Next to State Taxes press the arrow to the up position You will then have the option to Prepare a state or Continue Yo... See more...
After you log into your return:   On the left side bar Next to State Taxes press the arrow to the up position You will then have the option to Prepare a state or Continue Your state returns.  
For my Pennsylvania return (since I have to include an explanation), can I do this on Turbotax or do I have to file a paper return? Or is there a PA website for this?
Please double check what you have entered on the T1198 form.   Line 68518 Total amount (principal and interest) must be the same amount as Line 68519 - Total principal (current and prior years) P... See more...
Please double check what you have entered on the T1198 form.   Line 68518 Total amount (principal and interest) must be the same amount as Line 68519 - Total principal (current and prior years) PLUS Total interest (current and prior years).    Also, Line 68519 - Total principal (current and prior years) must be the same as the total amount of total of boxes 68520 through 68560 added together.   You can see lines 10100, 10400, 12799, 12800 and 13000 on your detailed tax summary.   
Hello, Last year we filed "Married filing separately" and this year "married filing jointly".  My spouse got a state tax refund 2000$ and i made a state tax payment of 3000$. Overall we paid 1000$ ... See more...
Hello, Last year we filed "Married filing separately" and this year "married filing jointly".  My spouse got a state tax refund 2000$ and i made a state tax payment of 3000$. Overall we paid 1000$ state taxes.  When reporting total balance due paid in "Deductions/Credits" section do we report the difference or the amount I paid (3000$)  or the difference ?    When reporting state tax refund in "income section" we reported 2000$ my spouse received and total state tax withholding for me and my wife.  Please clarify.  Thx!   
Did you report special depreciation or bonus depreciation on the vehicle?  It is possible that depreciation recapture may need to be reported.  See TurboTax Help.   You are reporting the truck as... See more...
Did you report special depreciation or bonus depreciation on the vehicle?  It is possible that depreciation recapture may need to be reported.  See TurboTax Help.   You are reporting the truck as an asset in your self-employment activity reported on Schedule C Profit or Loss From Business, .     The asset will be a personal asset with the cost basis recorded at the end of the business.     As an example, your cost basis will be the original cost $30,000 less depreciation reported $5,000 equals $25,000.   The standard mileage rate includes an amount for depreciation and reduces the adjusted basis of the vehicle when you decide to sell or otherwise dispose of it. 
Code 4 means Death. Was this distribution from an inherited Traditional IRA?       
This does not fix the issue. The form keeps coming back at the Review section.
Are you saying your 2023 tax return file ending in .tax2023 is in your program files?  You should move it to your Documents.  It should be in a Turbo Tax folder under Documents.   To Transfer 2023 ... See more...
Are you saying your 2023 tax return file ending in .tax2023 is in your program files?  You should move it to your Documents.  It should be in a Turbo Tax folder under Documents.   To Transfer 2023 into 2024 you need to start a new 2024 tax return (go up to File-New Tax Return) and if your 2023 return doesn't show up to transfer then click on Find a Tax File and find the .tax2023 file.  You can only transfer into a blank new 2024 return.  
I don't think it goes into the traditional IRA section, but I don't see where to enter.
Thanks! I did not have any CT tax withholding, but my employer did give me both W2s for both CT and MO. Somehow they split my total earnings, which to me doesn’t make sense, given I am 100% remote. ... See more...
Thanks! I did not have any CT tax withholding, but my employer did give me both W2s for both CT and MO. Somehow they split my total earnings, which to me doesn’t make sense, given I am 100% remote. But I do have different W2s, which I assume means I must file in both states? And if I owe taxes to CT, will I get that credit for MO in my 2024 or 2025 filing?
You can go back to your return and delete the adoption credit: Open your return. Go to the the adoption credit section: TurboTax Online/Mobile: Go to adoption credit. TurboTax De... See more...
You can go back to your return and delete the adoption credit: Open your return. Go to the the adoption credit section: TurboTax Online/Mobile: Go to adoption credit. TurboTax Desktop: Search for adoption credit and select the Jump to link. Edit the adoption credit Delete it If this doesn't resolve your issue, you might need to clear your cache (that is, remove these temporary files).  A full or corrupted cache can cause problems in TurboTax.  You can try these steps if you are using the online version:   Clearing your Cache and Cookies Using a different browser Opening an Incognito Window Please reach out again if your problem persists.    
Import credit card statements
OMG, I do not have a "Federal Taxes" tab, and Tools only brings up a Topics List. I second the request for screen shots. A link on the Federal e-signing page to the IP section would be a great help.
Thanks and I just want to verify I am thinking correctly.   This is his first year and Box 7 is checked, so I will need to check "yes" on "was any of the scholarship income not designated to pay 20... See more...
Thanks and I just want to verify I am thinking correctly.   This is his first year and Box 7 is checked, so I will need to check "yes" on "was any of the scholarship income not designated to pay 2024 education expenses?" and put the correct amount that was used on 2024?