All Posts

Thank you for your response.  You wrote: "I don't think the display allows three trailing zeroes in this instance."   My answer: The display DID show the three training zeros in prior years. 05000, instead of just 05 as now.

I had to update with correct 1095-A, enter in my OT hours. I have filed my return, the refund on it has already been sent to me. The off set from what I owe to what all of the documents show is the same amount (607) The 1040-X shows the correct information. It shows negative amount on line 19 (-1176) line 18 is the incorrect refund amount the 1st return has (2346). When I did a mock return with a different service with all of the correct information to compare, the refund was coming up as $607. What portion am I getting wrong to have this amended return show the right numbers? The amended return is going off of the 1st return and the information used correct? Is it saying because my refund for the initial return was $2346, (wrong) that i owe $1,739?  1040-X

Similar issue where pension income from deceased spouse was removed from subtractions, income recalculated and refund reduced.  I think my issue was because the deceased spouse name, DOB, SSN, etc was not included on the worksheet or 4884.  Still investigating...

What boxes changed? Some may not require an amended return.  If an amended return is required, you'll have to wait until the original is fully processed and you get your refund. Do not change anything right now. Turbotax instructions for amending an online return  https://ttlc.intuit.com/turbotax-support/en-us/help-article/amend-tax-return/amend-federal-tax-return/L6oZ2W9vN_US_en_US         

I actually had to momentarily lower my income to be able to answer the specific question on the EIC section, then change my income back to the correct amount.  This workaround worked to have the box checked.  It would be nice for TurboTax to have this question in the personal info section, and to have the TurboTax virtual assistant to be more helpful.  Thanks for the help.

If you are sure your loss is complete and permanent, you can deduct it as either a loss on investment or possibly as a theft loss. You can read this IRS article to learn more about theft losses. The taking of your money must have been illegal under state laws and done with the intent to defraud you.   If your investment was embezzled, you can deduct the loss as a theft loss. It would be considered an itemized deduction and as such would only benefit you if you can benefit from itemizing your deductions, as opposed to using the standard deduction (base amount of $15,750 single filer, $31,500 joint filer in 2025.)    If you want to do that, you would enter the loss in the Deductions and Credits section, then Other Deductions and Credits, then Casualties and Thefts. You will need to enter the date acquired, date worthless, cost, fair market value and some other information. You have to indicate that you used the property for investment purposes.    Your other option is to enter it as a sale of investment. In that case, it will be treated as a capital loss, for which you can only deduct a maximum of $3,000 of your net capital losses in any year. Any excess is carried over to other years though. Follow these steps:   You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents. Choose Other as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis. The sales proceeds would be $0.      

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 (1099-B, 1099-DA), click the start or update button Using the online editions - On the screen Did you have investment income in 2025? click on Yes On the screen Save time and connect your financial accounts click on Enter a different way On the screen How do you want to add your docs?, select Type it in myself On the screen OK, let's start with one investment type, select Stocks, Bonds, Mutual Funds and continue

No impact- it sounds like you are looking at your balance due or refund rather than the depreciation Form 4562. If you have reached the passive activity limitation or if your income is too high, you won't see an impact. I am assuming this is a rental property you own and is a passive activity. Please take a look at:  your income - income up to $100,000 -active participants can claim $25,000 rental loss. As your income increases, the allowed deduction decreases. At $150,000, zero deductions are allowed. MFS has different rules depending on whether you lived together  or apart all year/ Form 4562 to see the depreciation is entered correctly.  Look at Sch E to see the depreciation on line 18 Look at Form 8582 for limitation. See also Limitation on Losses. This will show a carryover loss -if you are limited. Sch E line 22 shows loss after limitation Instructions for Schedule E (Form 1040 To print or view  your forms, including all worksheets: In desktop, switch to Forms Mode.  For online: On the left side, select  Tax Tools Select Print center Select Print, save or preview this year's return If you have not paid, select pay now.

You should be able to e-file California with Form 593 withholding.   Your California real estate withholding, CA Form 593, has to be entered on both the state and the federal return.   Start with your federal return. (Note: If your TurboTax navigation looks different from what’s described here, learn more).    Select Federal, then Deductions & Credits. On the next screen, select Find tax breaks and answer any following questions until you reach the Your tax breaks screen. Skip this step if you go directly to Let's check for tax breaks. Find Estimates and Other Taxes Paid, then select Start or Revisit next to Income taxes paid. On the next screen, under Other Income Taxes Paid in 2025, select Start next to Withholding not already entered on a W-2 or 1099. Select Yes on the Do you have any tax withholding you haven't entered yet? screen. Enter your real estate withholding information under State Withholdings and select Done when finished. Now proceed to your California state return, filling out any additional information, until you reach the Take a look at California credits and taxes screen. Find the Real Estate and Other Withholding section and select Revisit. Enter your real estate withholding information again. The withholding information will show up on your CA state return on Form 540 line 73 for real estate withholding and not on line 71 as income tax withholding. Please see this updated help article regarding how to enter CA Form 593 real estate withholding: If you are still getting a message that you can't e-file, try some basic troubleshooting steps:   Make sure the software is updated. See this help article for instructions to run a manual update. Reboot your device. Check your firewall and antivirus settings. Make sure they aren't blocking any feature of the software. Please see this help article for more information. Clear cache and cookies  @user17721310922 

You will have to amend the 2025 tax return for the changes made on the W-2C.   An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return. Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk