All Posts

@Gideon423 wrote: Could we bump this thread alive again? Basically this very issue will force me not to use TurboTax this year when I have been using it for over 20 years. please help, intuit!   What is your actual question?  Material Participation in a rental property doesn't automatically make it non-passive.  What is your problem and why do you think TurboTax isn't doing something correctly?

@Engineer101 , Namaste ji I am not sure that I understand your issue fully ( because I had already  mentioned above that  FICA requirement has nothing to do with tax residency) nor do I understand the  comment about  COA's ( what is a COA ? ) opinion.  I have you the ref. on which my opinion rests.  Thus I am very confused. AS you are probably aware ( and unlike in India ) a tax professional does not need to be a CPA or a tax attorney or EA.   Many states have their  own means of certifying / controlling whom gets to be a tax professional ( including IRS' own regime ).   Methinks you should consider sending me PM ( just NO PII --- Personally Identifiable Information) with details of your situation.  While I am a volunteer here at TurboTax, generally dealing with international taxation / tax treaties etc., I was a tax professional licensed in California  for more than a decade and lived in MI for 25 years  and volunteered for the  US Treasury for three years.  This is just to let you know that I am familiar with  tax laws  ( US, CA and MI ) and  as in the past, do abide by the dictates/requirements of circular 230 ( IRS). Please consider sending me PM  ( note 2025 is about to end ) and perhaps time is of the essence.   Namaste ji pk

Oh you can't buy the 2021 program anymore, they only sell the last 3 years.  So currently you can only buy 2022-2024 programs.  To do  2022 you can buy the Desktop program here, https://turbotax.intuit.com/personal-taxes/past-years-products/2022   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  

Sorry, Online is only for 2025 now. Online for prior is closed now so you can not start a new 2021 or prior return or finish one. You have to do each year separately How to prepare a prior year return https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-prepare-a-prior-year-tax-return/00/25984 To do a prior year return you have to buy the Desktop program here, https://turbotax.intuit.com/personal-taxes/past-years-products/2021 You will need a full Windows or Mac to install it on. 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. Important! Mail Federal and State in separate envelopes and mail each year in separate envelopes.

Thanks much, Romper!  I did the search and it looks like you are asking others if your procedure is the correct way to do it.  Does that mean you are not sure that it is?  Also, and I note that I DO have the desktop version, I thought I read something about using it would not allow one to file electronically - which confuses me because I have used that version to file electronically in past years.  Perhaps, it has something to do with how you have to manually edit in forms mode.  Can you address that as well, please?

This is a very sad bunch of news. I go back to "macintax for Windows ", even found those disks. I have had hard drives in multiple computers due on me over the years.  All replaced labor free by geek squad assuming I had the original disks.   So the demise of physical disks just means either I get a new backup/restore process to do a full recovery of all installed software, or I need to save off the install file(s) somewhere, and carve out the time to do the install myself.   And, IMHO, eliminating the option of software on a disk may be a saving for TurboTax, it may lead to decreased sales and/or decreased purchases of geek squad subscriptions (or the like).   Sad, sad, sad.

No you can't deduct the 17,000 tax due you will pay when you file your state return in 2026.  Only the 3,000 paid in 2025 and any estimated payment  you make by the end of December.    So if you want to pay the 17,000 as an estimated payment by Dec 31 that could help if it puts your itemized deductions over the Standard Deduction.  Sounds like you are Single?  Your Standard Deduction is $17,750.  

@Pat_9 wrote: Thank you BOTH!   So let's say I choose to leave the fund on account and pay 6% every year that I have the remaining fund till it's drawn out - I'd just need to amend the 1040? I filed both with Turbo tax so maybe this'd be somewhat easier? time and cost effective?  No matter what you do from now on, you still need to file amended returns for 2023 and 2024 to report the excess contributions, remove the deduction, and pay the 6% penalty.   Going forward, if you decide the leave the funds in the account to spend down, you simply include that information with your regular 1040 tax return.  When you do the HSA interview for your 2025 tax return, Turbotax will ask if you had any carryover of excess contributions from 2024, you will get this information from your (amended) 2024 form 5329.  The program will take into account the carryover excess, any withdrawals for medical expenses, and calculate the new penalty, all as part of the normal tax return. 

Thank you BOTH!   So let's say I choose to leave the fund on account and pay 6% every year that I have the remaining fund till it's drawn out - I'd just need to amend the 1040? I filed both with Turbo tax so maybe this'd be somewhat easier? time and cost effective? 

@VolvoGirl  @xmasbaby0   Thank you for your reply, very much appreciate it.   I believe I understand both of your replies, though I'm still bit confused, so let me pose my question another way..   I'm trying to see if I can save on my 2025 fed taxes. I did not get any refund from the state in 2025. With that said, here's my current situation on my Georgia state taxes:   - So far ( Dec 12) I have had state taxes withheld on my pension payout of $2K and estimated payments made to the state by 3Q (Sep 15) of $1k. A total of about $3k. I have not made any estimated payment to the state for 4Q yet. Per my estimate I will owe an additional $17K (total of $20K) at the time of filling my 2025 return.   - Since I will end up paying $20K for 2025 state taxes and if I can take that "deduction" on my federal, I would be better of with itemizing my federal instead of taking standard deduction. I am 65+, retired and no other deduction, I estimate my standard deduction will be $17+K vs. $20K+ if I took itemized deduction.   - First, are my assumption above correct? and what do I need to do to be able to take that larger itemized fed deduction for 2025. Would it help if I made the remaining $17K payment to the state as estimated payment by the year end Dec 31 or by Jan 15?     - Is there anything I can do to minimize my 2025 fed taxes in view of the $20K state tax liability for 2025?   Thanks again!

@fourboyz1gurl        CAN I PREPARE MY TAX RETURN USING MY PAY STUB?   Please do not try to use your pay stub to prepare your tax return.  It will not match the W-2 that you will get from your employer in just a few short weeks.  Your employer has until the end of January to give you your W-2.  By waiting for your W-2 you will be able to file accurately.  If you try to guess what goes in the W-2 “boxes” and mess up your return, you will need to amend.  It takes about 4 to 6 months to amend a tax return.  The IRS will not be accepting 2025 returns until late January —  so you can wait for your W-2.  If you are hoping to get a quick tax refund by filing early, using your pay stub might have the opposite result.  Your tax return will not match the W-2 reported to the IRS by your employer; this may result in rejection of your return — or if accepted, could actually delay your refund for months.  And, if you are hoping to get EIC or the child tax credit, your refund will not be released until late February anyhow due to the PATH act.  It is much wiser to wait for your W-2 and file correctly.   And….remember….ALL of your 2025 W-2’s go on the SAME tax return.   If you are hoping for a quick refund by filing as early as possible, you might be making a mistake that will have you waiting for your refund for months. Users who rush to file early often end up under review or file with mistakes that require them to amend later.   If you file before the IRS is accepting returns, your return just sits on a server, where you will be powerless to fix any mistakes you discover after you file.   No changes can be made when your return is pending on a server.  And….every year…..Every. Year.  …..we get users who want to know how to fix their incorrect e-filed returns that are sitting on the server. @fourboyz1gurl