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TurboTax has paused the Flex Advance loan program. You cannot apply for a loan at this time. They have not given any information about when they will resume offering loans.  
TurboTax has paused the Flex Advance loan program. You cannot apply for a loan at this time. They have not given any information about when they will resume offering loans.  
@VolvoGirl    I think what @leafnose wanted to know was whether the business program's UI and "guts" were similar to the desktop personal editions. In other words, if the business edition will run ... See more...
@VolvoGirl    I think what @leafnose wanted to know was whether the business program's UI and "guts" were similar to the desktop personal editions. In other words, if the business edition will run on Windows 10, why can't Intuit simply "allow" (or alter) the desktop personal editions to run on Window10?   Personally, I don't have to answer but I do know that the programs are distinct and separate (i.e., you can install the business edition and a desktop personal edition on the same computer). Further, the virtually infinite number of changes that will be involved in the personal editions, as a result of the recent legislation enacted, is not going greatly affect the business editions modules (1041, 1065, 1120/S).
I have been invested passively in an LLC since 2017.  My initial investment was $50K.  I have accumulated an $83K income loss on my K-1 that has been carried forward through 2024.  The business is be... See more...
I have been invested passively in an LLC since 2017.  My initial investment was $50K.  I have accumulated an $83K income loss on my K-1 that has been carried forward through 2024.  The business is being liquidated in 2025 with a negative equity on the balance sheet.  Assuming no additional income gain or loss on my final K-1, Turbo tax is showing that I will realize an $83K (income carryover) loss AND a $50K capital loss since I have not been repaid any of my investment and the business effectively has no value (basis is $50K and $0 sales price or value).   Is this correct?  If not, please explain what losses I can claim.  
Apply for a Flex Loan https://turbotax.intuit.com/personal-loan What is the Turbo Tax Flex Advance and questions? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax... See more...
Apply for a Flex Loan https://turbotax.intuit.com/personal-loan What is the Turbo Tax Flex Advance and questions? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US?uid=mhz8qpz8
Property was appraised at $67,500. My father owned 40%. My sister and I split that. My interest in the $67,500 was then 20% or $13,500. My father's estate tax return claimed a minority interest discou... See more...
Property was appraised at $67,500. My father owned 40%. My sister and I split that. My interest in the $67,500 was then 20% or $13,500. My father's estate tax return claimed a minority interest discount value of $14,650. Is my cost basis 20% of the $67,500? Or is my cost basis 50% of the $14,650?
Apply for a Flex Loan https://turbotax.intuit.com/personal-loan What is the Turbo Tax Flex Advance and questions? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax... See more...
Apply for a Flex Loan https://turbotax.intuit.com/personal-loan What is the Turbo Tax Flex Advance and questions? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US?uid=mhz8qpz8
If the amount is less than $433 and you would have had no other reason to file Schedule C, it might be beneficial treat it as business income and report it on Schedule C.  There would be no self-empl... See more...
If the amount is less than $433 and you would have had no other reason to file Schedule C, it might be beneficial treat it as business income and report it on Schedule C.  There would be no self-employment tax under these circumstances, but it might qualify for a Qualified Business Income Deduction and it might support a retirement contribution (if the deadline for making such a contribution has not already passed).
  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   ... See more...
  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/       https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     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=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    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=m6guj526   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=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.  
@leafnose   Oh,  yes.  You can install the separate Turbo Tax Business program on Windows 10.  This says Business will run on Windows 10 for 1 more year. Turbo Tax Windows 10 Desktop Software End of... See more...
@leafnose   Oh,  yes.  You can install the separate Turbo Tax Business program on Windows 10.  This says Business will run on Windows 10 for 1 more year. Turbo Tax Windows 10 Desktop Software End of Life. Posted Oct 20, 2025 (updated Oct 27, 2025). https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-software-end-of-life/05/3708302 
That seems to be a common misconception. Again, the IRS views all your Roth IRA accounts as if it were one account. It doesn't care about account boundaries. Same is true for IRA accounts .. they are... See more...
That seems to be a common misconception. Again, the IRS views all your Roth IRA accounts as if it were one account. It doesn't care about account boundaries. Same is true for IRA accounts .. they are all one. (however, not true for 401(k) accounts).   The OTHER 5-year rule on conversions and penalty for withdrawing principal does start a new clock for each conversion. However, the 5-year-rule on conversions does not apply to those over 59 1/2.   https://www.schwab.com/learn/story/what-to-know-about-five-year-rule-roths  
@VolvoGirl    You're right  The thread is extensive   There's some sort supported platform for TT Bus DIY customers. Just wondered if this a interface you've seen or used for some reason. The p... See more...
@VolvoGirl    You're right  The thread is extensive   There's some sort supported platform for TT Bus DIY customers. Just wondered if this a interface you've seen or used for some reason. The poster mentioned that the DIY version will still support Win 10
See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I...   You'll probably have to call the number listed on that site. I don't think anyone here ... See more...
See https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6I...   You'll probably have to call the number listed on that site. I don't think anyone here can assist you with this issue.
You are the one who has to justify your choice if audited.  I think the fact that you did it regularly for free, would argue against a self-employment profit motive this one time, the free part being... See more...
You are the one who has to justify your choice if audited.  I think the fact that you did it regularly for free, would argue against a self-employment profit motive this one time, the free part being more important than the regularity part.  But it's ultimately on you.  
Bug a) has been noticed by several users: https://ttlc.intuit.com/community/taxes/discussion/tt-2025-desktop-carryover-worksheet-bug/00/3710903   Regarding bug b), for now an override might be nee... See more...
Bug a) has been noticed by several users: https://ttlc.intuit.com/community/taxes/discussion/tt-2025-desktop-carryover-worksheet-bug/00/3710903   Regarding bug b), for now an override might be needed.   Early releases of TurboTax are notoriously buggy.  I would not recommend beginning your actual tax return for any tax year until the following January when TurboTax is somewhat more stable.  I would treat any tax return begun prior to that as a test tax return.
It’s very important to keep your own copies of tax returns, receipts, and other financial records. The general rule is (3) years from your tax filing date, but the time varies for different types o... See more...
It’s very important to keep your own copies of tax returns, receipts, and other financial records. The general rule is (3) years from your tax filing date, but the time varies for different types of documents. For example, if you have a business or investments, you should keep all of those records for at least three (3) years past the date of sale or transfer - and related tax returns have been filed. The good news is that it’s a digital world - which means we no longer need to have piles (or boxes) of papers in a storage closet somewhere. Keeping important tax and financial documents you might need to access later is easier than ever. The best part is nearly everything is already online or in your email - you only need to click the download button. For those lingering analog (paper) documents, your phone will do nicely - simply snap a pic and upload to the secure file management location of your choice.    Use the resources below to help guide you on your recordkeeping journey!    Tax Records – The What, How, and How Long Should You Keep Them? The basic info you need to know. How Long To Keep Tax Returns and Records - Great advice on how long to keep your various tax documents and receipts. Keeping Good Tax Records - Tips from experts in the know! There are even tips if you’re a paper-only kind of person. The Art of Keeping Receipts for Your Taxes - More tips? Yes, please! Taxes Done? Find Out Which Tax Records You Should Keep - Wait - here’s a little bit more!   BONUS: 2025-2026 Tax Preparation Checklist - Be prepared and thorough (or just make sure you didn’t miss anything important). And it includes more tax info you need to keep! If you need tax advice or have questions that aren't answered in the links above, please ask in our Taxes forum that best fits your needs!