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4 weeks ago
@Esky2018 wrote:
I use the desktop version. Also, it is a Q and not a O.
Thanks for your help.
Changed the O to a Q and still received the credit using the online editions
The...
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@Esky2018 wrote:
I use the desktop version. Also, it is a Q and not a O.
Thanks for your help.
Changed the O to a Q and still received the credit using the online editions
The Form 5695 for the 2025 TurboTax desktop editions has not been finalized. It should be available sometime during the week, probably on Thursday, 01/29/2026
4 weeks ago
I have the same issue on the desktop version. I try to enter home energy credits.... it says not available yet... so I sign up for email update, receive an email stating it is available and when I tr...
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I have the same issue on the desktop version. I try to enter home energy credits.... it says not available yet... so I sign up for email update, receive an email stating it is available and when I try to enter the energy credit, I get the same error. I checked for updates and it says my version is the latest and no new updates available.
4 weeks ago
The criteria to Qualify for the Child Tax Credit are:
DoninGA gave good advice.
To qualify for the Child Tax Credit, you (or your spouse, if married filing jointly,) and each qualifying child...
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The criteria to Qualify for the Child Tax Credit are:
DoninGA gave good advice.
To qualify for the Child Tax Credit, you (or your spouse, if married filing jointly,) and each qualifying child must have a Social Security number that is valid for employment in the United States and issued before the due date of the tax return (including extensions).
Additionally, to be a qualifying child for the 2025 tax year, your child generally must:
Be under 17 at the end of the tax year.
Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (for example, a grandchild, niece or nephew).
Not provide more than half of his or her own support for the tax year.
Have lived with you for more than half the tax year.
Be claimed as a dependent on your return.
Not file a joint return for the year (or filed the joint return only to claim a refund of taxes withheld or estimated taxes).
Be a U.S. citizen, U.S. National or a U.S. resident alien.
Please see the IRS publication containing
Who qualifies for the Child Tax Credit/Additional Child Tax Credit
4 weeks ago
You can't change or add anything on the return that you have e-filed. You'll need to wait until the IRS has processed your return and sent your refund (if any). Then wait two to three months to see i...
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You can't change or add anything on the return that you have e-filed. You'll need to wait until the IRS has processed your return and sent your refund (if any). Then wait two to three months to see if you receive a letter from the IRS revising your original return. This happens fairly often for unreported income. The IRS will recalculate the tax you owe (if any) and send you a bill. This is a fairly easy process and a lot less hassle than preparing an amended return, which has to be printed and mailed (no e-file).
Note that you won't be able to file an amended return at all until mid-February, when TurboTax releases Form 1040X.
For more info:
Do I need to Amend?
How do I add a W-2, W-2c or form after I've already filed?
4 weeks ago
The software may not have determined that you are qualified for the credit. Are you filing a married filing jointly tax return?
If so, to qualify for Child and Dependent Care Expenses, each ...
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The software may not have determined that you are qualified for the credit. Are you filing a married filing jointly tax return?
If so, to qualify for Child and Dependent Care Expenses, each taxpayer must report earned income. Make sure that wages have been correctly enter into the program:
Go to Federal / Wages & Income / Your wages and income / Job (W-2).
Click Add/Edit to the right.
At the screen W-2 Summary, the summary will show the name for each W-2 as it was entered.
IRS Publication 503 page 4 states:
You Must Have Earned Income
To claim the credit, you (and your spouse if filing jointly) must have earned income during the year.
However, your spouse is treated as having earned income for any month that they are:
A full-time student, or
Physically or mentally not able to care for themselves.
4 weeks ago
Topics:
4 weeks ago
Can you just send me to somebody so I can start filing my taxes please?
Topics:
4 weeks ago
Where do I put in the over 65 additional deduction for the big beautiful bill?
Topics:
4 weeks ago
Overtime reported on Form W-2, usually Box 14, is entered on the W-2 entry screen. How you enter this depends on the version of TurboTax you are using. In TurboTax Online, choose "Overtime" from...
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Overtime reported on Form W-2, usually Box 14, is entered on the W-2 entry screen. How you enter this depends on the version of TurboTax you are using. In TurboTax Online, choose "Overtime" from the Category dropdown list for W-2 Box 14. If you don't see this dropdown, follow these steps: After you have entered all your W-2 information, you will come to a screen that says, "Review your box 14 info." On this page, choose the first option for "Overtime" from the Category dropdown list (if not already selected for you). Continue to the page “Deduct up to $12,500 of your overtime” and hit Continue. Follow the prompts to confirm and/or enter your eligible overtime premium pay and confirm you are not an exempt employee. In TurboTax Desktop: After you have entered all your W-2 information, you will come to a screen that says, "Box 14 is missing info." On this page, choose the last option for "Other (not classified)" from the Category dropdown list. Continue to the page “Let’s check for uncommon situations” and check the top box for “Overtime.” Continue to the page “Deduct up to $12,500 of your overtime” and hit Continue. TurboTax will ask you if you need help in calculating eligible over time or if you know what to enter. If you know what to enter, and you are not an exempt employee, you will then enter the amount of overtime that is eligible to be deducted on the page “Enter your deductible overtime…”
4 weeks ago
Topics:
4 weeks ago
I purchased an investment property in 2025 for $360,000. My latest tax bill has the following: Value as of 1/1/2024: $317,400 Land: $110,000 Improvements: $207,400 My current plan is to ta...
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I purchased an investment property in 2025 for $360,000. My latest tax bill has the following: Value as of 1/1/2024: $317,400 Land: $110,000 Improvements: $207,400 My current plan is to take the % $110,000/317,400 = 34.66% and calculate the land/improvement %'s for the purchase price of $360,000. This comes out to land: $124,776 and improvements: $235,224. Is this the appropriate methodology or is there a better way to calculate this?
4 weeks ago
1 Cheer
AMEN ! Always keep the lowest virtual footprint possible and never get complacent . I wouldn't even eFile, but NY requires it if you use TT
4 weeks ago
I am using desktop version why isnt it available there yet.
4 weeks ago
I use the desktop version. Also, it is a Q and not a O. Thanks for your help.
4 weeks ago
You can't change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in the mail slot at the Post Office. The IRS doesn't al...
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You can't change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in the mail slot at the Post Office. The IRS doesn't allow you to take it back.
You'll need to wait until the IRS has processed your return and sent your refund (if any). Then wait two to three months to see if you receive a letter from the IRS revising your original return. This happens fairly often for unreported income. The IRS will recalculate the tax you owe and send you a bill. This is a fairly easy process and a lot less hassle than preparing an amended return, which has to be printed and mailed (no e-file).
Note that you won't be able to file an amended return at all until mid-February, when TurboTax releases Form 1040X.
For more info:
Do I need to Amend?
How do I add a W-2, W-2c or form after I've already filed?
4 weeks ago
Go back to My Info on the left side of the online program screen. Edit the dependent and carefully check your answers to the questions.
Make sure you select them as your Child, that you selected ...
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Go back to My Info on the left side of the online program screen. Edit the dependent and carefully check your answers to the questions.
Make sure you select them as your Child, that you selected that they lived in your home for the Whole Year, that they did NOT provided over one-half of their own support (You Did), that you indicated there was no one else in the household providing support to them, and that you did NOT check the box labeled Not valid for employment in the Social Security number section.
If all your answers are correct then delete them as a dependent and re-enter.
4 weeks ago
ROTH IRA contributions are taxable, and withdrawals are tax free.
You said you didn't exceed the $7,000 limit.
There is a contribution limit of $7,000 on contributions for individuals yo...
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ROTH IRA contributions are taxable, and withdrawals are tax free.
You said you didn't exceed the $7,000 limit.
There is a contribution limit of $7,000 on contributions for individuals younger than 50 years old.
There is no limit to an authorized withdrawal.
Was this money you put into a Roth IRA?
If I've misinterpreted your question, please provide us with additional details
4 weeks ago
I am establishing a new rental property. TurboTax has the following categories and I am in need of help determining what can go in these categories: Abstract and Recording Fees Legal Fees, Titl...
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I am establishing a new rental property. TurboTax has the following categories and I am in need of help determining what can go in these categories: Abstract and Recording Fees Legal Fees, Title Search, Document Preparation Land Surveys Title Insurance Transfer or Stamp Taxes Expenses you Paid to the Seller From my closing ALTA, I am having trouble figuring out if the following line items go into these categories: Closing Tech Fee Condo Document & Review Underwriting Fees Flood Certification Fees Recording Fees - planning to put in "Abstract & Recording Fees" Recordation Tax - County Deed Transfer Tax - County - planning to put in "Transfer or Stamp Taxes" Transfer Tax - State - planning to put in "Transfer or Stamp Taxes" Title - CPL (Lender) Title - Full Search & Update Title - Lender's Title Policy Title - Closing Fee Title - Commitment/Policy Fee Title - Owner's Title Policy - planning to put in "Title Insurance" HOA setup fee
4 weeks ago
The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040. If your tax data requires entry on any other form or schedule...
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The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040. If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.
If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Switch Products on the lower left side of the program screen while working on the 2025 online tax return. Click on Clear & Start Over
Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp
Please Note -
TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible. If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition or TurboTax Live Assisted Basic (if available), or you can file with TurboTax Full Service at the listed price.
Situations covered (assuming no added tax complexity):
W-2 income
Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B
IRS standard deduction
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
Student loan interest deduction
Situations not covered:
Itemized deductions claimed on Schedule A
Unemployment income reported on a 1099-G
Business or 1099-NEC income
Stock sales (including crypto investments)
Rental property income
Credits, deductions and income reported on other forms or schedules
4 weeks ago
@Esky2018 wrote:
I entered QMID I7Q6 and I received a validation error also.
Hopefully, a fix will be found in the near future.
Just went to my test online tax return and for the...
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@Esky2018 wrote:
I entered QMID I7Q6 and I received a validation error also.
Hopefully, a fix will be found in the near future.
Just went to my test online tax return and for the Home Energy Credits, entered QMID code I7O6 without any issues. Received an energy credit
QMID code breakdown-
The letter capital I
The number 7
The letter capital O
The number 6