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Yes, TurboTax will help you through informing the IRS that your income wasn't made in equal installments when you prepare your taxes next year. The federal tax system is a pay as you go system. As yo... See more...
Yes, TurboTax will help you through informing the IRS that your income wasn't made in equal installments when you prepare your taxes next year. The federal tax system is a pay as you go system. As you make money, you have to pay taxes on that money. You may have an underpayment penalty if you didn't have enough taxes withheld from your income throughout the year.     For more information, refer to the TurboTax help article Guide to IRS Tax Penalties: How to Avoid or Reduce Them.
There are certain calculations TurboTax does not support.  This does appear to be one of them as the program handles the basic entry with the assumption that you otherwise do qualify for the credit. 
My home is in a irrevocable trust and I still live in it.  It does not generate income, I have to pay property tax still.  The City assessment changes from time to time. Am I required to file a form ... See more...
My home is in a irrevocable trust and I still live in it.  It does not generate income, I have to pay property tax still.  The City assessment changes from time to time. Am I required to file a form 1041 with the IRS?
Re line 37 comment, TT is just reflecting how Form 1040 is worded, the instructions clarify to add in the penalty.   Seen a couple of posts like this and interested why the different outcome as the... See more...
Re line 37 comment, TT is just reflecting how Form 1040 is worded, the instructions clarify to add in the penalty.   Seen a couple of posts like this and interested why the different outcome as the calculations on Form 2210 are very clear so I don't see why it would be an 'estimate' of the penalty.  If the IRS is independently calculating a different result, they must have a different 2023 tax liability/AGI, 2024 tax liability/withholding or estimated payment dates.  Was there anything unusual about your return, did you check your Form 2210 to see how TT calculated it, did it use 2023 or 2024 tax for the safe harbor, no confusion between you and IRS on ES payment dates?
See IRS  1040 Instructions for line 38 on page 61 https://www.irs.gov/pub/irs-pdf/i1040gi.pdf   
Q.  I'm uneasy about not reported the 1099-Q? A. It is actually not possible to "report" it to the IRS. You can enter in TurboTax (TT), but it will not get reported to the IRS. When the box 1 amoun... See more...
Q.  I'm uneasy about not reported the 1099-Q? A. It is actually not possible to "report" it to the IRS. You can enter in TurboTax (TT), but it will not get reported to the IRS. When the box 1 amount on form 1099-Q is fully covered by expenses, TT  will enter nothing about the 1099-Q on the actual tax forms. Most people with a 1099-Q, do not report it to the IRS. 
If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains ar... See more...
If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of ... See more...
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF) Or - When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2024 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets
Depends on what you mean by quick.  If you go to the 'Investment Income' section of your federal return you can review the imported 1099-B that is there.  But if there are a lot of trades then you so... See more...
Depends on what you mean by quick.  If you go to the 'Investment Income' section of your federal return you can review the imported 1099-B that is there.  But if there are a lot of trades then you sort of look at ten at a time and proceed to the next page.     @disoswam 
Are you self-employed and have a business? This would be a business expense you can deduct under Miscellaneous Expenses. 
To access your tax returns (current or prior year) you will sign into the TurboTax website with the user ID you used to create the account - https://myturbotax.intuit.com/   Scroll down to the bott... See more...
To access your tax returns (current or prior year) you will sign into the TurboTax website with the user ID you used to create the account - https://myturbotax.intuit.com/   Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)   As an alternative for current year return, when you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a State (You will not really be adding a state).    This will take you back in to the 2024 online tax return.   Click on Tax Tools on the left side of the online program screen.  Find the Print Center and choose the year you want to print.  If you want your full return including worksheets, choose the option Include government and TurboTax worksheets.   In TurboTax Online, follow these steps to print/view your return and all of the informational worksheets after you have filed:   Sign in to TurboTax Scroll down to Your Tax Returns & Documents Select 2024 and then Add a State (You aren't actually adding a State but this gets you back into the Print Center) From the left panel Select Tax Tools, scroll down a little and select Print Center Select Print, save or preview this year's return Select the 2024 Federal and/or State return box Choose to Include TurboTax and government worksheets Select View or Print Forms
Pennsylvania has a couple of weird rules that might apply here.  The state limits section 179 deduction to $25,000 in any year.  It also does not recognize the federal bonus depreciation.  So if eith... See more...
Pennsylvania has a couple of weird rules that might apply here.  The state limits section 179 deduction to $25,000 in any year.  It also does not recognize the federal bonus depreciation.  So if either of those items generated your loss then they won't be recognized on your Pennsylvania return.   @thompson-traci 
On my line 38 of my 1040, "Estimated Tax Penalty", it says $250.  A few weeks later, a letter from the IRS said I owed $117 additional.   Sure seems to me that "Estimated Tax Penalty" means there w... See more...
On my line 38 of my 1040, "Estimated Tax Penalty", it says $250.  A few weeks later, a letter from the IRS said I owed $117 additional.   Sure seems to me that "Estimated Tax Penalty" means there was a penalty accessed for not paying enough estimated tax.  But in any event, why didn't TurboTax determine I should have paid $367 rather than $250?   Also the formula on line 37 says the amount there is equal to amount on line 24 - amount on line 33.  However TurboTax used the formula for line 37 to be:  amount on line 24 - amount on line 33  + amount on line 38.   ??
Are the cost basis available on the website of coinbase? If  not, then if you have any type of purchase records to show the cost basis you would enter that.  Basically, you will enter whatever ... See more...
Are the cost basis available on the website of coinbase? If  not, then if you have any type of purchase records to show the cost basis you would enter that.  Basically, you will enter whatever you paid for them as the cost basis. 
To access your tax returns (current or prior year) you will sign into the TurboTax website with the user ID you used to create the account - https://myturbotax.intuit.com/   Scroll down to the bott... See more...
To access your tax returns (current or prior year) you will sign into the TurboTax website with the user ID you used to create the account - https://myturbotax.intuit.com/   Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)   As an alternative for current year return, when you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a State (You will not really be adding a state).    This will take you back in to the 2024 online tax return.   Click on Tax Tools on the left side of the online program screen.  Find the Print Center and choose the year you want to print.  If you want your full return including worksheets, choose the option Include government and TurboTax worksheets.   In TurboTax Online, follow these steps to print/view your return and all of the informational worksheets after you have filed:   Sign in to TurboTax Scroll down to Your Tax Returns & Documents Select 2024 and then Add a State (You aren't actually adding a State but this gets you back into the Print Center) From the left panel Select Tax Tools, scroll down a little and select Print Center Select Print, save or preview this year's return Select the 2024 Federal and/or State return box Choose to Include TurboTax and government worksheets Select View or Print Forms
Earnings inside of an IRA are not taxable.  Especially inside of a ROTH IRA.  You do not need to report the earnings on your tax return.  You will pay tax on everything in the traditional IRA when yo... See more...
Earnings inside of an IRA are not taxable.  Especially inside of a ROTH IRA.  You do not need to report the earnings on your tax return.  You will pay tax on everything in the traditional IRA when you take it out.     You may have to file a 990-T if you own a business inside your IRA.  Check with your investment counselor to see if you are required.   @kfsj 
Thank you for your answers.
W-2. Community property income is calculated from your total income, not the adjusted income.