All Posts

No. Your 1099-B - Proceeds from Broker Transactions are reported in the Investments & Savings Section of Income & Expenses.    Review the TurboTax article Where do I enter or import a 1099-B? for navigation instructions.   Cryptocurrency is entered in the Investments and Savings Section of Wages & Income. Refer o the TurboTax Help article How do I enter my crypto in TurboTax? for detailed navigation instructions.   Review Your Crypto Tax Guide as another resource.

2f is included in 2a. It does not apply to US Citizens. 2f apply only to foreign persons and entities whose income maintains its character when passed through or distributed to its direct or indirect foreign owners or beneficiaries. It is generally treated as effectively connected to a trade or business within the United States. See the instructions for your tax return.     if you are a nonresident alien, you should be filing form 1040-NR, which Turbotax doesn't do  

A clarification on this question: I can see that 1040X is available on the "forms" dropdown menu of the desktop version. But when you start the amending process, you select 'amend a return.' Next, you see a list showing sections of the tax document, and you choose "update" for the section that needs amending (in my case, adding 1098T information). It says "Do you want to enter your higher education expenses." When you select "yes" it says "you can't claim an education credit" because "you didn't enter a valid first name"...but when you go back to add that information, the system sees this as a new return. When I tried just entering my name without the other information, it calculates it on a 1040X, but it as if I have no income at all and the calculations are not accurate.

You should report only the amount of property tax you paid during the taxable year.    If you paid half of your 2024 property tax bill in 2024 and the rest in 2025, you would report the amount paid in 2024 on your 2024 tax return and the amount paid in 2025 on your 2025 tax return.   See IRS  Pub 503   [Edited 04/11/2025|9:04 pm, PST]

You receive one free state with TurboTax Premier Desktop.    TurboTax Desktop Premium     TurboTax Desktop Premier 2024   If you're using TurboTax Premium Online 2024, the state filing is additional.   TurboTax Online Premium 2024    TurboTax Online Premium 2024

Updating your HVAC may qualify you for federal energy credits and/or state credits. These credits can reduce your tax liability. See How do I enter Home Energy Tax Credits? Energystar is a federal  government agency  ID has credits Programs & Incentives | Energy and Mineral Resources For the medical expenses, those are entered in the federal section under deductions and credits.

Yes TurboTax  has the form to file for an extension - see steps below:   Sign in to TurboTax. Select File an extension in the menu or go to extension. You can also select Tax Tools then Tools from the menu and choose File an extension. Follow the instructions to e-file your extension. Note: You can't file an extension after April 15, 2025. Or   Open or continue your return. Go to magnifying glass and Search for extend and select the Jump to link. Answer Yes on the Applying for an Extension screen and then select Continue. Follow the instructions to prepare, print, and mail your 4868 form.