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The default and general rule is that depreciation follows income (e.g., 50% of rental income allocated to the trust, then 50% of depreciation is also allocated to the trust).
@lucyx513 , assuming that you still need help with this situation/plan: (a) You have owned ( at least one of you ) and used the prop. A  as your main residence ( both of you ) for at least 730 days... See more...
@lucyx513 , assuming that you still need help with this situation/plan: (a) You have owned ( at least one of you ) and used the prop. A  as your main residence ( both of you ) for at least 730 days, (b) you have not used the capital gain exclusion in the last two years then the capital gain exclusion is valid ( 250,000 per filer i.e. 500,000 for MFJ ).  This 730 days  usage is with a look back period of five years from the date of sale conclusion/closing.  Thus if you moved to a new prop--B, made that your  main residence Jan1st of 2026, you have approx.  two years to sell the  prop.A  ( even if rented out  till sale ) and still meet the exclusion criteria. Note if you rent out then whether you recognize or not allowable depreciation on Prop. A  is going to reduce your basis in the  prop., thereby increasing your gain.  Also that portion of the gain due to accumulated depreciation is treated as ordinary gain ( taxed at your marginal rate), the rest is still eligible for capital gain exclusion. Thus it is a careful managing of events.   Does this make sense ?  Is there more I can do for you ?
I have a question about depreciation for a Trust.  It is a California based trust in case that makes a difference.  The trust has rental income, and depreciation.  Some of the income, and some of the... See more...
I have a question about depreciation for a Trust.  It is a California based trust in case that makes a difference.  The trust has rental income, and depreciation.  Some of the income, and some of the depreciation will be distributed to the beneficiaries.   The goal would be to retain some depreciation for the trust tax return, and distribute the rest equally between the beneficiaries using schedule K-1 (form 1041).  Can the trust decide how much depreciation it keeps, and how much it passes to the beneficiaries?  Or does the depreciation the trust keeps have to be proportional to the amount of income that the trust keeps?  Or is there another rule for how this number is determined?    
How to Cancel my Advantage Account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advantage-subscription/00/25548 If you get charged for the Desktop program but ca... See more...
How to Cancel my Advantage Account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advantage-subscription/00/25548 If you get charged for the Desktop program but can't install it, Turbo Tax has a special offer to move to the Online version. See info at the bottom of this Windows 10 End of Life article…… https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-software-end-of-life/05/3708302
I did not order Turbo Tax 2025 because I do not have windows 11.  
I want to get a copy of a 2024 LLC return that is in the Turbo Tax Program on my computer.  I keep being sent to Turbo Tax for updates and other information, but it never lets me open my program to r... See more...
I want to get a copy of a 2024 LLC return that is in the Turbo Tax Program on my computer.  I keep being sent to Turbo Tax for updates and other information, but it never lets me open my program to retrieve the information.  What can I do?
I don't think you're going to have any luck with this.   The cutoff date was 10/20 and they extended to the following weekend, but that was it so far.
Has anyone had success obtaining their ItsDeductible history after the cutoff?   I have used this feature for years and went in today to log a donation and found the app discontinued. I never got a... See more...
Has anyone had success obtaining their ItsDeductible history after the cutoff?   I have used this feature for years and went in today to log a donation and found the app discontinued. I never got an email or anything from them, I had no idea it was discontinued or to go in before the cutoff date.    I had numerous records for this year and need them for my taxes, since I didn't have a contingency in place (I guess MY BAD!). Hope they offer support for this. 
I am looking for Intuit academy for Canadian taxes assuming that exists?
I realize this post is a few months old, but that picture you posted of the redirected webpage appears it might be the Canadian site.   Are you trying to access Intuit Academy for US taxes?  Are yo... See more...
I realize this post is a few months old, but that picture you posted of the redirected webpage appears it might be the Canadian site.   Are you trying to access Intuit Academy for US taxes?  Are you in the US?  Or are you using a VPN that makes you appear to be outside of the US? 
@shimi wrote: Is it available outside of the United States (I am in Canada)?   On the other post that you had asked if it was resolved, one of the people that was having problems posted a pi... See more...
@shimi wrote: Is it available outside of the United States (I am in Canada)?   On the other post that you had asked if it was resolved, one of the people that was having problems posted a picture that appears that it is redirecting to the Canadian website.  At first glance, that may be the problem.   Are you looking for Intuit Academy for US taxes, or for Canadian taxes?   If you are trying for the US taxes, I'm wondering if you can use a VPN and set it so the website thinks you are in the US.    
@mary2lou   Sorry, the 2021 program is no longer available.  On Oct 28 they removed 2021 when they moved 2024 to the past year programs.  They only sell and support the last 3 years.     You might ... See more...
@mary2lou   Sorry, the 2021 program is no longer available.  On Oct 28 they removed 2021 when they moved 2024 to the past year programs.  They only sell and support the last 3 years.     You might need to go to a local tax place or if you have a simple return and want to file for free you can fill out the forms by hand. Here are some basic forms….. Here is the IRS 2021 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2021.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2021.pdf And 2021 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2021.pdf 2021 Tax and EIC Tables https://www.irs.gov/pub/irs-prior/i1040tt--2021.pdf Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2021.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2021.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2021.pdf You have to print and mail prior year returns. 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 UPS or certified mail so you will know the IRS received the return. Don’t forget state.
I just checked.  Calif form 568 is in my Windows Home & Business program.    And see expert Monika's answer above.  
need 2021 turbo tax for pc  
im filing old taxes from 2023 state closed filing from turbo tax and I can't find instructions to print or any help with how to get them filed
If you have a simple return and want to file for free you can fill out the forms by hand. Here are some basic forms….. Here is the IRS 2022 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2022.p... See more...
If you have a simple return and want to file for free you can fill out the forms by hand. Here are some basic forms….. Here is the IRS 2022 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2022.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2022.pdf And 2022 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2022.pdf 2022 Tax and EIC Tables https://www.irs.gov/pub/irs-prior/i1040tt--2022.pdf Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2022.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2022.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2022.pdf You have to print and mail prior year returns. 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 UPS or certified mail so you will know the IRS received the return. Don’t forget state.
That sounds like it might be the annual auto renew for the Desktop program.   How to Cancel my Advantage Account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advan... See more...
That sounds like it might be the annual auto renew for the Desktop program.   How to Cancel my Advantage Account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advantage-subscription/00/25548 If you get charged for the Desktop program but can't install it, Turbo Tax has a special offer to move to the Online version. See info at the bottom of this Windows 10 End of Life article…… https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-software-end-of-life/05/3708302  
How to Cancel my Advantage Account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advantage-subscription/00/25548 If you get charged for the Desktop program but ca... See more...
How to Cancel my Advantage Account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advantage-subscription/00/25548 If you get charged for the Desktop program but can't install it, Turbo Tax has a special offer to move to the Online version. See info at the bottom of this Windows 10 End of Life article…… https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-software-end-of-life/05/3708302  
you deprecated (took a tax deduction)  themn for business. so they are subject to depreciation recapture. the issue you'll face when you sell your home is allocating a portion of the selling price to... See more...
you deprecated (took a tax deduction)  themn for business. so they are subject to depreciation recapture. the issue you'll face when you sell your home is allocating a portion of the selling price to these items. 
Daycare business closed down last year. We depreciated the home and along with several improvements. We added granite countertops to replace existing countertops that were worn out and we added a fen... See more...
Daycare business closed down last year. We depreciated the home and along with several improvements. We added granite countertops to replace existing countertops that were worn out and we added a fence for the kids to play in. Both items were depreciated. Do I need to recapture the depreciation on the countertops and the fence when I sell my home.