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August 6, 2025
7:31 AM
If the LLC has elected to be taxed as a C corp or S corp, it still has to file its own tax return on the appropriate form, 1120 or 1120-S, separate from your personal Form 1040 tax return. You could ...
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If the LLC has elected to be taxed as a C corp or S corp, it still has to file its own tax return on the appropriate form, 1120 or 1120-S, separate from your personal Form 1040 tax return. You could use TurboTax Business to file either such tax return. The mechanics of filing the business tax return are basically the same as if the LLC is treated as a partnership (except that for a C corp there is no Schedule K-1).
August 6, 2025
7:14 AM
Hi everyone, I’d appreciate any input on a mistake I made when filing my 2024 California state return using TurboTax. My wife is a sole proprietor, but I mistakenly included Form 568 when filing th...
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Hi everyone, I’d appreciate any input on a mistake I made when filing my 2024 California state return using TurboTax. My wife is a sole proprietor, but I mistakenly included Form 568 when filing through TurboTax, which led the Franchise Tax Board (FTB) to treat her as a single-member LLC. We have confirmed that she is not registered as an LLC in California — her name and business do not appear in the Secretary of State’s BizFileOnline search tool. We recently received a notice of balance due and penalties related to the erroneous LLC filing. On the letter it says additional paneities will be added if payment is not received after August 15th. Based on my research and guidance I’ve received, here’s my current plan for correction: File an amended California state return via TurboTax, removing Form 568 and correcting the filing to reflect sole proprietorship. Pay the requested amount shown in the notice now to avoid further interest and penalties while the amendment is pending. Create a MyFTB account at www.ftb.ca.gov/myftb/ . Since TurboTax does not allow me to attach a letter of explanation with the amendment, I plan to upload a separate letter to the newly created MyFTB account explaining that Form 568 was filed in error, that no LLC exists, and requesting abatement of penalties and a refund of the $800 LLC tax and any associated charges. I will monitor the status from the MyFTB account. Optionally, follow up with a phone call to the FTB in a few weeks to confirm receipt and check if a temporary hold can be placed on collection activity during review. Does this sound like the right path? Has anyone had success getting a full refund (including penalties) in a similar situation? Appreciate any thoughts or suggestions — thanks in advance!
August 6, 2025
7:12 AM
I will be tuning in today to find out how the BBB may affect me, but I have a more general question as well. Is there a tool available (that doesn't involve as many steps as turbo tax) that I can...
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I will be tuning in today to find out how the BBB may affect me, but I have a more general question as well. Is there a tool available (that doesn't involve as many steps as turbo tax) that I can use to estimate this year's taxes? My husband is self-employed and his net income is much much lower than last year. I have had no income for years but have inherited a small IRA and annuity from a deceased parent. I will have to take minimum distributions. If I have to, I guess I can run it through the 2024 tax software again to get an idea, but I thought there might be another option.
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August 6, 2025
6:31 AM
To download and install the TurboTax software you purchased on another computer, sign onto your download account here - https://accounts-tax.intuit.com/app/account-manager/productsBilling/turbotax?ai...
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To download and install the TurboTax software you purchased on another computer, sign onto your download account here - https://accounts-tax.intuit.com/app/account-manager/productsBilling/turbotax?aid=tt&prgn=US&rgn=US&account-scheme=ind
August 6, 2025
6:27 AM
https://turbotax.intuit.com/tax-tips/general/taxes-2021-7-upcoming-tax-law-changes/L3xFucBvV?cid=em_55785_NULL_003&pid=186df12b80f31495096d36c2e64c0274a&CP5=DR
August 6, 2025
6:22 AM
Can you give me the formula for calculating AGI when I have Social Security income and other income?
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August 6, 2025
5:36 AM
You cannot change the tax year. The current online program is for 2024 only. Only a 2024 return can be prepared online and only a 2024 return can be e-filed.
Online preparation and e-filing...
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You cannot change the tax year. The current online program is for 2024 only. Only a 2024 return can be prepared online and only a 2024 return can be e-filed.
Online preparation and e-filing for 2021, 2022, and 2023 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2021, 2022, or 2023 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
August 6, 2025
5:33 AM
Did you leave out some 2024 W-2's and e-file already? All of your 2024 W-2's were supposed to be entered on the same tax return. You will need to look at the worksheets that are part of the pdf ...
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Did you leave out some 2024 W-2's and e-file already? All of your 2024 W-2's were supposed to be entered on the same tax return. You will need to look at the worksheets that are part of the pdf of the return to see what you entered. If you filed without some of your income, you will have to wait until the IRS has fully processed your return and then amend it using a Form 1040X to enter the other income.
Scroll to the bottom of the screen to Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)
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=m7e64td0
August 6, 2025
4:35 AM
Q. Where is the 15% rate for capital gains shown & taken?
A. On the "Qualified Dividends and Capital Gains" worksheet, line 18. The Qualified Dividends and Capital Gains worksheet is abbreviated Qu...
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Q. Where is the 15% rate for capital gains shown & taken?
A. On the "Qualified Dividends and Capital Gains" worksheet, line 18. The Qualified Dividends and Capital Gains worksheet is abbreviated Qual Div/Cap Gn on the TurboTax list of forms. For more complex returns, the "Schedule D" worksheet may be used, instead of the Qualified Dividends and Capital Gains worksheet.
Note that your total income tax on line 16 of form 1040 comes from line 25 of the Qualified Dividends and Capital Gains worksheet, not from the tax table amount for your taxable income (line 15 of form 1040)
August 6, 2025
4:29 AM
how do i access the 2022 desktop on another device?
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August 6, 2025
3:25 AM
August 6, 2025
1:52 AM
@kaphangabriel wrote: I can't get my w2 emailed me I meant my taxes return That's quite confusing. What exactly are you needing to do? TurboTax doesn't email returns. Are you asking ho...
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@kaphangabriel wrote: I can't get my w2 emailed me I meant my taxes return That's quite confusing. What exactly are you needing to do? TurboTax doesn't email returns. Are you asking how to download a copy of a 2024 tax return you've already filed? You need to explain in enough detail so that people can understand what you are needing help with. This is a public Internet forum, so don't post any personal info.
August 6, 2025
1:46 AM
1 Cheer
@ginnyub42 wrote: Can I buy an amazing gift card How can I do that right now How is "amazing" being used? Is the word "amazing" a typo for "Amazon?" Or does it literally mean "awe inspiring?"...
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@ginnyub42 wrote: Can I buy an amazing gift card How can I do that right now How is "amazing" being used? Is the word "amazing" a typo for "Amazon?" Or does it literally mean "awe inspiring?" Are you wanting to buy an Amazon giftcard? If so, why are you asking about it in this tax forum for users of TurboTax?
August 6, 2025
1:14 AM
How can I do that right now
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August 6, 2025
1:07 AM
can't tell you or even estimate your taxes since we don't know your tax basis and depreciation taken. in addition, there are other things we would need to know.
you can search the web for tax calcu...
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can't tell you or even estimate your taxes since we don't know your tax basis and depreciation taken. in addition, there are other things we would need to know.
you can search the web for tax calculators for 2025, but I doubt any have incorporated all the tax law changes made.
August 6, 2025
12:58 AM
if the LLC filed form 8832 it would be taxed as a C corporation which would require filing form 1120. if it filed form 2553, once approved, it would be taxed as an S-corporation and file form 1120-S....
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if the LLC filed form 8832 it would be taxed as a C corporation which would require filing form 1120. if it filed form 2553, once approved, it would be taxed as an S-corporation and file form 1120-S. it is not necessary, if S-corp status is desired to file form 8832. if neither form was filed it is taxed as a partnership filing form 1065.
August 6, 2025
12:55 AM
I meant my taxes return
August 5, 2025
11:25 PM
Hi everyone, I’d appreciate any input on a mistake I made when filing my 2024 California state return using TurboTax. My wife is a sole proprietor, but I mistakenly included Form 568 when filing th...
See more...
Hi everyone, I’d appreciate any input on a mistake I made when filing my 2024 California state return using TurboTax. My wife is a sole proprietor, but I mistakenly included Form 568 when filing through TurboTax, which led the Franchise Tax Board (FTB) to treat her as a single-member LLC. We have confirmed that she is not registered as an LLC in California — her name and business do not appear in the Secretary of State’s BizFileOnline search tool. We recently received a notice of balance due and penalties related to the erroneous LLC filing. On the letter it says additional paneities will be added if payment is not received after August 15th. Based on my research and guidance I’ve received, here’s my current plan for correction: File an amended California state return via TurboTax, removing Form 568 and correcting the filing to reflect sole proprietorship. Pay the requested amount shown in the notice now to avoid further interest and penalties while the amendment is pending. Create a MyFTB account at www.ftb.ca.gov/myftb/ . Since TurboTax does not allow me to attach a letter of explanation with the amendment, I plan to upload a separate letter to the newly created MyFTB account explaining that Form 568 was filed in error, that no LLC exists, and requesting abatement of penalties and a refund of the $800 LLC tax and any associated charges. I will monitor the status from the MyFTB account. Optionally, follow up with a phone call to the FTB in a few weeks to confirm receipt and check if a temporary hold can be placed on collection activity during review. Does this sound like the right path? Has anyone had success getting a full refund (including penalties) in a similar situation? Appreciate any thoughts or suggestions — thanks in advance!
August 5, 2025
9:28 PM
If you are an employee (you get a W-2) you cannot claim a deduction for your licensing and certification expenses on your federal tax return. There is no federal tax deduction for employee business e...
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If you are an employee (you get a W-2) you cannot claim a deduction for your licensing and certification expenses on your federal tax return. There is no federal tax deduction for employee business expenses.
A few states allow a deduction for employee business expenses, even though federal tax does not allow it. I believe the states that allow a deduction are Alabama, Arkansas, California, Hawaii, Minnesota, New York, and Pennsylvania. If you are in a state that allows the deduction, enter the job-related expenses in the federal section of TurboTax. The expenses will flow to the state tax return, subject to any limitations that the state might impose.
If you are self-employed (you get a 1099-NEC or no tax form) and report your self-employment income as business income on Schedule C you can deduct the licensing and certification expenses as business expenses. You enter the expenses when you enter your business income in the federal section of TurboTax, and it will flow to the state tax return as well, for any state.