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4 weeks ago
It depends. The Residential Clean Energy Credit (also known as the Solar Energy Tax Credit) is for payment of the original installation of solar equipment between January 1, 2017 and December 31, 202...
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It depends. The Residential Clean Energy Credit (also known as the Solar Energy Tax Credit) is for payment of the original installation of solar equipment between January 1, 2017 and December 31, 2025. You must own the system, and you cannot claim the credit if you bought but did not install the solar system.
For additional information see this TurboTax article:
What’s the Solar Energy Tax Credit?
4 weeks ago
I qualify with my income and age.
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4 weeks ago
Once the tax return has been filed the option for a refund advance is no longer available.
4 weeks ago
Help topic says I'll get options for other tax situations but this doesn't occur. Not sure if it's due to coming from non taxable state or the forms are just not ready yet.
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4 weeks ago
Topics:
4 weeks ago
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if ag...
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If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
4 weeks ago
Thanks so much for your information!
4 weeks ago
The TurboTax online editions are only for tax year 2025 and cannot be changed.
You will need to amend the 2024 tax return that was filed to enter the 2024 W-2
See this TurboTax support FA...
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The TurboTax online editions are only for tax year 2025 and cannot be changed.
You will need to amend the 2024 tax return that was filed to enter the 2024 W-2
See this TurboTax support FAQ for amending a prior year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=ld1n99kr
4 weeks ago
If you are using the Online version you need Online Premium to enter investments and get Schedule D.
4 weeks ago
Roth IRA contributions are entered into TurboTax as Roth IRA contributions under Deductions & Credits while the TSP contributions are reported with code AA in box 12 of your W-2 and are entered only ...
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Roth IRA contributions are entered into TurboTax as Roth IRA contributions under Deductions & Credits while the TSP contributions are reported with code AA in box 12 of your W-2 and are entered only in box 12 of TurboTax's W-2 form. (The federal TSP is not an IRA.)
4 weeks ago
@brmwiatt
Are you trying to import a 1099-R or a 1099-INT? You said both in different places. But in either case my answer is the same. Entering it manually will take a lot less time and effort th...
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@brmwiatt
Are you trying to import a 1099-R or a 1099-INT? You said both in different places. But in either case my answer is the same. Entering it manually will take a lot less time and effort than trying to figure out why importing is not working.
4 weeks ago
To enter an investment sale -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if...
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To enter an investment sale -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button
4 weeks ago
Where is schedule D found in Turbo Tax?
Topics:
4 weeks ago
There is something else. The LLC, if it did not elect to be taxed as an S-Corporation, may elect a Section 754 adjustment for the Trust's share of assets, formerly owned by the deceased partner.
se...
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There is something else. The LLC, if it did not elect to be taxed as an S-Corporation, may elect a Section 754 adjustment for the Trust's share of assets, formerly owned by the deceased partner.
see this webpage. The election is voluntary
https://legalinsights.us/what-is-a-section-754-election-and-how-does-it-work/
4 weeks ago
1 Cheer
Do you mean that your wife made a contribution to an ordinary traditional IRA. SIMPLE IRAs are not permitted to receive ordinary IRA contributions. Assuming that you meant that the contribution ...
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Do you mean that your wife made a contribution to an ordinary traditional IRA. SIMPLE IRAs are not permitted to receive ordinary IRA contributions. Assuming that you meant that the contribution was made to an ordinary traditional IRA, the options are, report your wife's nondeductible contribution as is, recharacterize your wife's the contribution to be a Roth IRA contribution if your wife is eligible to contribute to a Roth IRA, or your wife can request an explicit return of contribution from the traditional IRA. The deadline for recharacterizing or obtaining a return of contribution is the due date of the tax return, including extensions. If left as is, the contribution will be reported as an addition to basis on Form 8606 and will be applied proportionately to any of her traditional IRA distributions, including RMDs (except for amounts treated as Qualified Charitable Distributions). With basis in nondeductible traditional IRA contributions, the nontaxable and taxable amounts of traditional IRA distributions will be calculated on Form 8606.
4 weeks ago
Are you using TurboTax Online or the TurboTax Desktop software?
If you are using the TurboTax Desktop software, start a new tax return and select the correct file to transfer. There has to be som...
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Are you using TurboTax Online or the TurboTax Desktop software?
If you are using the TurboTax Desktop software, start a new tax return and select the correct file to transfer. There has to be some difference in the file names.
If you are using TurboTax Online you should have separate accounts for you and your daughter. You have to start your 2025 tax return in the same account that you used for your own 2024 tax return.
A TurboTax Online account can be used for only one tax return. If you did your daughter's 2024 tax return in the same account that you used for you own 2024 tax return, her tax return wrote over yours and yours is gone.
4 weeks ago
You can enter your forms 1099-INT manually using the instructions below.
Open your return
In the search Bar type "Form 1099-INT"
Select "Jump to 1099-INT"
It will ask, "Did you have...
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You can enter your forms 1099-INT manually using the instructions below.
Open your return
In the search Bar type "Form 1099-INT"
Select "Jump to 1099-INT"
It will ask, "Did you have investment income in 2025?" Select "Yes"
Select "Continue"
It may ask "Did you have crypto income or losses for 2025?" Select "No" and "Continue"
Select "Enter a different way"
Select "Type it myself"
Select "Interest"
Then select "Continue"
Then you will see the screen "Let's get the info from your 1099-INT"
You will type in the information from your Form 1099-INT on that page.
Click here for information on entering a Form 1099-INT.
Click here for Turbo Tax information regarding Form 1099-INT.