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4 weeks ago
2 Cheers
latest estimate from Intuit rep here in other threads is "There should be an update that will resolve this in the late afternoon on Friday. " (which could mean Saturday to get the s/w update - and th...
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latest estimate from Intuit rep here in other threads is "There should be an update that will resolve this in the late afternoon on Friday. " (which could mean Saturday to get the s/w update - and these type of dates can still change) https://ttlc.intuit.com/community/retirement/discussion/when-will-desktop-form-1099r-be-ready-for-input/00/3730411?relatedcontent=3730653
4 weeks ago
Thanks for replying! I found even through I put adjustments as 0 as in your screenshot. I am still seeing the all deduction interest as the carryover from Sch E. If I put the correct interest...
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Thanks for replying! I found even through I put adjustments as 0 as in your screenshot. I am still seeing the all deduction interest as the carryover from Sch E. If I put the correct interest number into the adjustment, then end of the deduction section, it will give me the interest carried over from Sch E + the adjustment number. Somehow the carried over amount from Sch E can not be overrided.
4 weeks ago
I personally contributed to my HSA, but as soon as I enter that info into this section it says I have excess funds, but that isn't the case.
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4 weeks ago
There may be a variety of reasons why the QBID is no longer populating. Did you have any business losses in the previous year(s) that may cause a QBI Loss carryover that is offsetting any income bei...
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There may be a variety of reasons why the QBID is no longer populating. Did you have any business losses in the previous year(s) that may cause a QBI Loss carryover that is offsetting any income being used for the QBID calculation? Are there any current-year business losses that are offsetting this business income, thus wiping out the QBID?
Another possibility is that your taxable income before QBID, minus any capital gains during the year is zero, which will result in zero QBID for the year. To test this out, try increasing your Income from the Piano Lessons in TurboTax and review your tax return summary to see if QBID gets applied. If you now show the QBID, then you found your answer. Form 8995 shows how the QBID is calculated.
4 weeks ago
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4 weeks ago
When you are entering information in MY INFO, one of the screens titled "uncommon situations" asks if you (or your dependent) were a student. That is where you can indicate whether you were a full-...
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When you are entering information in MY INFO, one of the screens titled "uncommon situations" asks if you (or your dependent) were a student. That is where you can indicate whether you were a full-time student.
4 weeks ago
latest estimate from Intuit rep here in other threads is late Friday (which could mean Saturday - and these type of dates can still change). yes, a lot of people are waiting on it. https://ttlc....
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latest estimate from Intuit rep here in other threads is late Friday (which could mean Saturday - and these type of dates can still change). yes, a lot of people are waiting on it. https://ttlc.intuit.com/community/retirement/discussion/when-will-desktop-form-1099r-be-ready-for-input/00/3730411?relatedcontent=3730653
4 weeks ago
Can employment expenses be claimed for registered nurses
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4 weeks ago
Hi Mike, Sorry for the delay in responding to what you wrote. I wasn't very clear. Yes, the IRS doesn't require the details, but to make it easier, TurboTax (which I know is a separate compa...
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Hi Mike, Sorry for the delay in responding to what you wrote. I wasn't very clear. Yes, the IRS doesn't require the details, but to make it easier, TurboTax (which I know is a separate company) does show by subcategory what was entered the prior year. So, if Quicken were to provide subcategories, that would make it easier to import into TurboTax. Here's an example of a subcategory that TurboTax uses: Prescription drugs, X-rays, doctors, dentists, and so on. Quicken also has subcategories, so to my way of thinking, if Quicken has subcategories and TurboTax uses subcategories, then let's have Quicken export by subcatgory and not just jumble all the data together. Finally, as more and more of us get older, our medical expenses become large and using subcategories will make it easier to spot anomalies between what is being imported this tax year versus seeing what what used last year.
4 weeks ago
I just came across this bug.....several months later and still appears it has not been fixed.
4 weeks ago
how do I access my2025 SSA. I got one in2024 and my wife got her 2025 SSA-1099 fast week. How do I access my SSAA-1099 /
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4 weeks ago
HA.....only if they made it easy.
4 weeks ago
You have not asked a question. Do you have question?
4 weeks ago
I am at the point where I file. It asks me if I want to share my data. I decline, then it won't let me past this screen. Do I need to use another platform? I have only used Turbo tax but will NOT...
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I am at the point where I file. It asks me if I want to share my data. I decline, then it won't let me past this screen. Do I need to use another platform? I have only used Turbo tax but will NOT be bullied into sharing information I don't agree to share just to file my taxes... and I am paying you. This is frustrating. Is there a way around this obnoxious continuous question........
4 weeks ago
Your return is sitting in "pending" on a server, waiting for the IRS to open on January 26.
MY RETURN IS IN PENDING—what does that mean?
You will not get any information from the IRS refu...
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Your return is sitting in "pending" on a server, waiting for the IRS to open on January 26.
MY RETURN IS IN PENDING—what does that mean?
You will not get any information from the IRS refund site while your return is in pending. The IRS does not have your return yet.
Did you e-file? Did you click that big orange button that said “Transmit my returns now?” If so, your return is now in “pending” on a server. Do not try to change anything while your return is in pending.On January 26 the IRS will begin to accept/reject e-files. The IRS accepts a FEW returns in test batches ahead of January 26—-but that is very random. Watch your emails—including your spam folder—for the notice about whether your e-file has been accepted or rejected. If your return is rejected you will be able to make corrections before re-filing. If the return you e-filed is accepted you will have to wait until it has been fully processed and then amend it to fix any mistakes or omissions. It has been taking the IRS four to six months—sometimes longer—to process amended returns. If you e-filed your state return there will be another email later that tells you if the state was accepted or rejected.
WARNING: Do not try to change anything on your return while it is pending.
https://www.irs.gov/newsroom/irs-announces-first-day-of-2026-filing-season-online-tools-and-
4 weeks ago
The IRS will not be Accepting 2025 federal tax returns until 01/26/2026
4 weeks ago
1 Cheer
latest estimate from Intuit reps here in other threads is late Friday (which could mean Saturday by the time you get a s/w update)
4 weeks ago
You selected the Maximize function for an individual 401(k). For an individual 401(k), you are eligible to contribute both employee salary deferrals and an employer contribution. It's the employer ...
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You selected the Maximize function for an individual 401(k). For an individual 401(k), you are eligible to contribute both employee salary deferrals and an employer contribution. It's the employer contribution that is limited to 20% of net earnings. For someone under age 50, the employee deferral limit for 2025 is $23,500. With $40,000 of profit from self-employment, net earnings would be $37,174 after subtracting the the deductible portion of self-employment taxes of $2,826. Your maximum total contribution to an individual 401(k) would be 20% * $37,174 + $23,500 = $30,935. If you were to contribute to a SEP IRA instead, only the employer contribution is permitted. 20% * $37,174 = $7,435. This would be calculated by TurboTax using the Maximize function for a SEP IRA contribution instead of the Maximize function for an individual 401(k).
4 weeks ago
The Maryland tax return in TurboTax Online will compute the Two income married couple subtraction.
Two income married couple subtraction
Maryland allows you to subtract up to $1,200 if b...
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The Maryland tax return in TurboTax Online will compute the Two income married couple subtraction.
Two income married couple subtraction
Maryland allows you to subtract up to $1,200 if both spouses have income subject to Maryland tax and you file a joint tax return.
See page 13 of the Maryland 2025 State and Local Tax Forms and Instructions found here.