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I’m having the same problem. I’m thinking it should be updated and list 2025 by the end of this month. If not I think I will just take my taxes somewhere.
How old is she?  Did she have any income?  How much?  Is she a full time student?   There are a couple questions you could have answered wrong under My Info.  Click on My Info then click Edit by De... See more...
How old is she?  Did she have any income?  How much?  Is she a full time student?   There are a couple questions you could have answered wrong under My Info.  Click on My Info then click Edit by Dependents, then click Edit by their name and go though all the screens again.   First of all check their date of birth.  Also you need to enter a ssn for them.  And say their ssn is valid for employment.   If your child was away at college, count the number of months away as having lived with you.  The correct answer to claim the person is to say "the whole year". This will indicate you supported the person the whole year, thus it will be entered on your return correctly showing up as a dependent.   Or if your child was born during the year they are considered to have lived with you the whole year so be sure to answer All Year (pick the top box for the Whole Year).   Or the one that says did your CHILD pay more than half of their support.  It's not asking if you did.   If you can't get it to change then try completely deleting them and re-entering them.  Sometimes that helps to clear something out.   Or check and make sure you didn't accidentally check the box that says you (or your spouse) can be claimed as a dependent on someone else's return.  You can't claim any dependents if you (or your spouse) is a dependent.   
@ bradyn_allen  If you already efiled the Federal return separately, you can't efile the state return until after the Federal return has been accepted.   Was your Federal return already accepted ear... See more...
@ bradyn_allen  If you already efiled the Federal return separately, you can't efile the state return until after the Federal return has been accepted.   Was your Federal return already accepted early by the IRS?   When you go to the Tax Home tab, if it still shows as "pending", be aware that the IRS officially opens for processing of returns tomorrow January 26.   A few were pulled by the IRS early for processing for testing purposes.   Once the IRS opens, they won't pull all of the backlogged returns from TurboTax on opening day.  It may take a couple of days or more.
That makes sense, as anything less than 0.5 would round to 0. But in my case the non-taxable portion is less than 0.5, so I expect it to round to 0, and thus the taxable portion should be 1.
Are you Single or Married?   Is your AGI over 75,000 (150,000 married)? The maximum deduction is $6,000 for each person 65+. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for si... See more...
Are you Single or Married?   Is your AGI over 75,000 (150,000 married)? The maximum deduction is $6,000 for each person 65+. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). The MAGI is normally the same as your AGI on 1040 line 11 but with some Foreign items from Form 2555 added back in. On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. You can not get it if you file MFS Married filing Separate.   Heres a spreadsheet I made.  It matches Turbo Tax and IRS Schedule 1-A.     It is automatic based on your age.   It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify.   If you are married you have to file a Joint return. For Online version you can preview the 1040 https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f... n    
What does it mean when it says, "Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers)"?  I can't find any information on how that works. Tha... See more...
What does it mean when it says, "Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers)"?  I can't find any information on how that works. Thanks!
I signed up for the update notification too by selecting the energy credit update button a while ago and received an email 2 days ago that it was ready, obviously not.    I previously signed up for... See more...
I signed up for the update notification too by selecting the energy credit update button a while ago and received an email 2 days ago that it was ready, obviously not.    I previously signed up for the update notification for 1099R's.  I soon received a notification that "moving expenses" were ready!  Finally got the 1099R update on the 22nd but no energy credits.  Would be nice to know when to expect it.  Been using Turbotax since long before it was available on a DVD (5 1/4" floppy? maybe not).  Would appreciate better communication from the company.  As a former software developer I would not have put up with this from my team.  Hello?  Can you hear me?   FYI, the 1099R state dropdown menu does not include TX.
I called customer service to assist in determining why deluxe was required for me but not my mom with a similar tax situation - same employer/ benefits like retirement and deductions. Please keep in m... See more...
I called customer service to assist in determining why deluxe was required for me but not my mom with a similar tax situation - same employer/ benefits like retirement and deductions. Please keep in mind the schedule 2 form is available on the IRS website to the public.
I'm not sure what that means.  This is the only posting I see for you, so I don't know what your original issue was in regard to the 1099-INT.  Maybe someone will be able to comment further if you ex... See more...
I'm not sure what that means.  This is the only posting I see for you, so I don't know what your original issue was in regard to the 1099-INT.  Maybe someone will be able to comment further if you explain more about your 1099-INT.    Box 3 of a 1099-INT is for US Savings Bond interest or interest on other Treasury obligations.   Why was your Box 3 expecting an entry, and did you originally enter your 1099-INT manually, or did you import it from a financial institution?   What type of interest income is on your actual 1099-INT and what boxes?  I personally have never had to put anything in Box 3 when I didn't have that type of interest.
Do you have an amount in box 12?  W2 Box 12a - 12d are just the box numbers.  They don't have to be filled in.  But if they have a Code (1 or 2 capital letters) and amount you need to enter it.  Don'... See more...
Do you have an amount in box 12?  W2 Box 12a - 12d are just the box numbers.  They don't have to be filled in.  But if they have a Code (1 or 2 capital letters) and amount you need to enter it.  Don't confuse the lowercase letters a-d with the uppercase Codes A, B, C, D, DD, etc.  The lowercase a-d are just part of the box label. You don't enter them.  You can enter the Code and Amount in any box 12.   Where does it say Georgia?  That wouldn’t be in box 12. If you don’t understand your W2 ask the employer.   And Texas doesn’t have a state income tax so boxes 15-17 might be blank.   If box 17 is blank then leave boxes 15-17 Blank, no spaces.  Otherwise put the amount from box 1 into box 16.
Your Roth conversion is tax-free when the taxable portion of the conversion is less than 50 cents.
what counts a s a medical facility?
To enter your deduction for Self-Employed Health Insurance Premiums as an owner or 2% or more share holder, follow these instructions from the Turbo Tax article: Can I deduct health insurance premium... See more...
To enter your deduction for Self-Employed Health Insurance Premiums as an owner or 2% or more share holder, follow these instructions from the Turbo Tax article: Can I deduct health insurance premiums as an S corporation shareholder?:   Open or continue your return. Navigate to the K-1 section: TurboTax Online/Mobile: Either go to the K-1 screen under Wages & Income, or search for K-1. TurboTax Desktop: Search for K-1. If you used Search, click on “Jump to K-1”. Answer Yes to the question Did you receive any Schedules K-1 or Q? Select Start or Update next to S corporations (Form 1120S) and follow the prompts, filling out your information as you go. On the screen that says Check boxes that have an amount or are checked on the form, select Box 17 Info and any other boxes that contain info on your K-1. Select Continue. Continue to enter information from your K-1. On the Other Situations screen, select I personally paid health insurance and then select Continue. On the Self-Employed Health Insurance screen, fill in the W-2 box 5 amount and the amount of health insurance premiums you paid (this may be on your W-2 in box 14). If you purchased insurance through Healthcare.gov or your state marketplace, leave the second box blank. Select Continue. On the Long-Term Care Insurance screen, enter any long-term care premiums and select Continue. Select Yes or No to the question Does your K-1 have a code V in Box 17? If you selected Yes, follow the screens until you reach the S corporation K-1 Summary screen.
I purchased a new home in Jan. 2024. The purchase price was, for example, $400k. Later, I sold it at $450k on June 2025. As far as I know, long-term capital gain is $50k (=$450k - $400k), which is ta... See more...
I purchased a new home in Jan. 2024. The purchase price was, for example, $400k. Later, I sold it at $450k on June 2025. As far as I know, long-term capital gain is $50k (=$450k - $400k), which is taxable. In this situation, I would like to claim partial exemption under unforeseen situation to reduce taxable income.    All these happened in 2025:     (1) Health condition getting worse from unforeseen car accident (Other driver has 100% liability on it)    (2) Work schedule change from my employer's unforeseen RTO announcement (Hybrid -> full on-site; commute distance 47 ~ 53 miles one-way, depending on traffic condition, hours, routes, etc.).    (3) Newborn - my wife became pregnant and gave a birth      I got a car accident on early Jan 2025. This triggers me to consider selling home and moving elsewhere closer to the workplace. In addition, bigger trigger was my employer's RTO announcement. Later on March 2025, my employer announced RTO - my work schedule was hybrid (<50% work from home) before the announcement. I should go back to work in the office under fully on-site schedule. It was very difficult to commute, driving 47 - 53 miles in one-way. Plus, I had a duty to prepare a newborn in the meantime.    For these reasons, I had no choice but to sell home. In this situation, am I eligible for partial exemption under unforeseen condition?