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4 weeks ago
You can try going out of your TurboTax program and going back in and clearing your cache and cookies to clear the message. If you were able to e-file your tax return, then everything should be fine....
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You can try going out of your TurboTax program and going back in and clearing your cache and cookies to clear the message. If you were able to e-file your tax return, then everything should be fine.
Your TurboTax return should show as "Pending" immediately after e-filing. This indicates that it is in transit to the IRS or your state agency, but hasn't been accepted or rejected yet. This status usually lasts 24–48 hours.
Your TurboTax return will usually show as "Accepted" within 24 to 48 hours after e-filing. This indicates that the IRS has received it and it has passed some initial checks.
Your tax return will show as "Approved" within 21 days of e-filing your return. This status can be confirmed by using the IRS Tool Where's My Refund?
For further instructions on how to clear cache and delete cookies, please see the links below:
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You can click here for How to Troubleshoot a Payment Error.
If you have additional information or questions regarding this, please return to Community and we would be glad to help.
4 weeks ago
ItsDeductible helps keep all my donations organized. Why would you discontinue a tool that people find works for them? If it is just upgrading the software, sounds like you are not supporting the c...
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ItsDeductible helps keep all my donations organized. Why would you discontinue a tool that people find works for them? If it is just upgrading the software, sounds like you are not supporting the customers' needs. This can't be that hard to upgrade a tool like this that can keep track of our charitable organizations and donations. Please upgrade and bring back!
4 weeks ago
You may be running into a situation where you have ordinary income associated with the sale of incentive stock options because you didn't hold the stock for at least one year from the date you purcha...
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You may be running into a situation where you have ordinary income associated with the sale of incentive stock options because you didn't hold the stock for at least one year from the date you purchased it and two years from the date you where granted the option to acquire it. If so, ordinary income applies and is typically reported on your W-2 form for the discount associated with the stock purchase. This may be duplicated when you report the sale of the stock, since the Form 1099-B reporting the sale may not report the correct cost basis. If so, you need to adjust the cost basis when you report the Form 1099-B.
You will receive a Form 1099-B which will report the sale of your employee stock. Most likely, the cost basis on that form will be wrong as it may not include the discount you received associated with you receiving the stock for less than fair value. That discount will be reflected on your W-2 form as wages in box 1. There may be an entry in line 14 telling you what the amount the discount is.
If you divide the discount amount by the number of shares you received you know what the discount amount per share is. If you multiply that by the number of shares sold you will know what the discount amount is that you may need to add to the cost basis of the stock sale reported on your Form 1099-B.
When you enter the Form 1099-B in TurboTax, there will be a screen where you enter the sales proceeds and cost basis and you will see an option to indicate that the cost basis is incorrect or missing on the Form 1099-B. Check that box and on another screen, you can enter the correct cost basis or request that TurboTax assist you in determining what the correct cost basis is.
4 weeks ago
It is automatic based on your age. It is not part of your Standard Deduction and not connected to getting Social Security. The new Senior Deduction is separate and in addition to the Standard Deducti...
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It is automatic based on your age. It is not part of your Standard Deduction and not connected to getting Social Security. 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. For Online version you can preview the 1040 https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160
4 weeks ago
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new...
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The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
4 weeks ago
It says enter the first 3 characters which I did already
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4 weeks ago
There are screens in the HSA interview which are supposed to be about 2024. These screens are triggered by (1) you did not have HSA coverage in every month of 2025, and (2) you answered the question ...
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There are screens in the HSA interview which are supposed to be about 2024. These screens are triggered by (1) you did not have HSA coverage in every month of 2025, and (2) you answered the question "What type of HDHP coverage did [name] have on December 1, 2024?" with "Self" or "Family".
This causes TurboTax to investigate if you used the last-month rule in 2024, in which case, you are required to maintain HDHP coverage in every month of 2025. In this case, TurboTax has to ask about HDHP coverage in 2024 as well as your contributions in 2024.
Your descriptions sounds like one of the screens in the last-month review process; We can be sure if you would do a screenshot of this particular screen (having removed any personally identifiable information) and post it here in your response.
4 weeks ago
LIVE ASSISTED
https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm
FULL SERVICE
https://turbotax.intuit.com/personal-taxes/online/live/full-service/
4 weeks ago
Not sure who you think is going to track your refund for you. TurboTax does not track it. TurboTax gets no information from the IRS after you file your tax return. Now only the IRS is in contro...
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Not sure who you think is going to track your refund for you. TurboTax does not track it. TurboTax gets no information from the IRS after you file your tax return. Now only the IRS is in control and it is your job to track the refund yourself on the IRS refund site---as already explained in earlier replies you have received.
4 weeks ago
No. Your GI benefits should not be entered as they are not taxable. Your 1098-T should have your GI payments in box 5.
About Publication 970, Tax Benefits for Education states:
Example.
Y...
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No. Your GI benefits should not be entered as they are not taxable. Your 1098-T should have your GI payments in box 5.
About Publication 970, Tax Benefits for Education states:
Example.
You have returned to college and are receiving two education benefits under the latest GI Bill: (1) a $1,534 monthly basic housing allowance (BHA) that is directly deposited to your checking account, and (2) $3,840 paid directly to your college for tuition. Neither of these benefits is taxable and you don't report them on your tax return. You also want to claim an American opportunity credit on your return. Your total tuition charges are $5,000. To figure the amount of credit, you must first subtract the $3,840 from your qualified education expenses because this payment under the GI Bill was required to be used for education expenses. You don't subtract any amount of the BHA because it was paid to you and its use wasn't restricted.
4 weeks ago
5 Cheers
I have the same issue. I manually filled out the 5695 form on my TT desktop version. The walk through is not populated with the result of the completed form. When I indicate that I want to be noti...
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I have the same issue. I manually filled out the 5695 form on my TT desktop version. The walk through is not populated with the result of the completed form. When I indicate that I want to be notified when the form is ready, I receive an email that the forms are available. Though the walk-through portion of the software still says available soon. Today is Monday 1/26/2025. When will the desktop version of TT walk through software be updated?
4 weeks ago
If your e-file has been sitting on the servers with the other millions of e-files that have been there since early January it may take several days for your e-file to be accepted by the IRS. You di...
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If your e-file has been sitting on the servers with the other millions of e-files that have been there since early January it may take several days for your e-file to be accepted by the IRS. You did not file with TurboTax---you used do-it-yourself- tax software to prepare a tax return and it was filed to the IRS. The IRS---- and only the IRS-- is in control of accepting/rejecting and processing your return now. You do not seem to want to hear the words "Be patient" but that is reality. Give it a day or two....the IRS just opened hours ago to start accepting/rejecting 2025 e-files. As for your sister's quick acceptance----sometimes that happens---- it is not first in first accepted---sometimes the way the IRS accepts returns is random and you just have to wait.
4 weeks ago
My Solo 401K Trust (not ROTH) owns some rental property. Income and expenses are paid through the trust and are managed through third party property manager. I have never filed income taxes on the re...
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My Solo 401K Trust (not ROTH) owns some rental property. Income and expenses are paid through the trust and are managed through third party property manager. I have never filed income taxes on the rental proceeds as I have not taken any distributions. I recently changed property managers for said properties and they have issued a 1099-Misc for the income received. No other PM has done this in the past. The TIN number is that of the trust and not my SS#. My question is, am I to do anything with this 1099-Misc? Thanks.
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4 weeks ago
That wasn’t at all the question though. Not helpful.
4 weeks ago
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4 weeks ago
3 Cheers
Tried that did not work on my IMAC. Calling and emailing for help was worthless. Done with Turbotax
4 weeks ago
I'm getting an error for 2025 Sch E - QBI Carryovers from 2024. Turbotax added an amount on its own to my 2025 return, line G Schedule E suspended loss. When I look at my 2024 return I don't see any...
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I'm getting an error for 2025 Sch E - QBI Carryovers from 2024. Turbotax added an amount on its own to my 2025 return, line G Schedule E suspended loss. When I look at my 2024 return I don't see any negative balance from Form 8582, Page 2, Part 7 (VII). Before I remove what turbotax inserted, I just want to make sure I should or if there is something else i'm not considering.
4 weeks ago
2 Cheers
This is Monday January 26 and still is not available, no updates available still...tried multiple ways to get to the form and nothing is working
4 weeks ago
So sorry for your loss. For 2024, the year that he passed, you were allowed to file a joint return. Now with a filing status of Single, start a new account with a new user ID. You need to do tha...
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So sorry for your loss. For 2024, the year that he passed, you were allowed to file a joint return. Now with a filing status of Single, start a new account with a new user ID. You need to do that because using the old account will cause all kinds of errors for you; the embedded information about the spouse just cannot all be removed effectively.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596
https://blog.turbotax.intuit.com/tax-planning-2/tax-implications-for-taxpayers-who-have-lost-a-spouse-45419/