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My AGI married filing jointly is ~ $194,000.  After pulling over federal info and answering a few questions, the calculation showed that I would recevie a $21,000 refund.  I'm pretty sure I'm not tha... See more...
My AGI married filing jointly is ~ $194,000.  After pulling over federal info and answering a few questions, the calculation showed that I would recevie a $21,000 refund.  I'm pretty sure I'm not that fortunate.  anyone know of a glitch in the Turbo Tax state software, or Maine specifically. Yes, I updated to ensure I had the latest version.
Well, I’m not questioning the calculation on sch 1-A as that seems to be working properly.  The issue is the $$’s on line 37 aren’t being entered on the 1040 line 13b.  Line 13b is blank in my file. ... See more...
Well, I’m not questioning the calculation on sch 1-A as that seems to be working properly.  The issue is the $$’s on line 37 aren’t being entered on the 1040 line 13b.  Line 13b is blank in my file.  Don’t know if it’s a bug in my Mac desktop version or if there’s a way to manually input the $$ amount as work around?
@QNNC wrote: TT25 Premiere Desktop to Desktop (macOS Tahoe). I've used TurboTax for over a decade, not a nube.  Tried selecting the file found (.tax2024) and browsing with the same effect.  Click... See more...
@QNNC wrote: TT25 Premiere Desktop to Desktop (macOS Tahoe). I've used TurboTax for over a decade, not a nube.  Tried selecting the file found (.tax2024) and browsing with the same effect.  Click on Continue, get a little no-go sound and nothing else. There are multiple posts in this thread where Mac users have reported their workaround for a relatively simple fix to the "inability to transfer 2024 into 2025" issue.    Sometimes simply exiting TurboTax, restarting the computer, and relaunching TurboTax will work and retry the transfer.  Other users relaunched 2024 TurboTax and let it update and resaved the 2024 file. Other Mac users opened their 2024 data file with 2024 TurboTax then resaved it, being careful not to add encryption.  Read through this thread and you'll see several Mac users reporting what worked for them.
Thank you! I've also reached out to THECB also but not yet the IRS. Please let me know if you figure anything out. 
Hello:   I have seen variation of this asked many times but don't see a clear answer to our situation. My son began receiving SSI disability benefits earlier this year. On advice from a special ne... See more...
Hello:   I have seen variation of this asked many times but don't see a clear answer to our situation. My son began receiving SSI disability benefits earlier this year. On advice from a special needs attorney we had our son sign an agreement stating he was paying us "rent" (per the attorney).  We sent a copy of the letter to SSI.   In filling out TurboTax I have the option of stating the rent is FMV, and filling out schedule E, so I am including rent as income but offsetting with utility, taxes insurance etc.  I effectively zero out the income with expenses (not exceeding the amount of rent received), which is easily done with our expenses.  In actuality however we are not charging near actual FMV for his room and use of the house.   Another option is saying we are charging below FMV, but it has add the rent as misc income. In this case the only way to offset the income is to itemize, which we do not do (we have no mortgage, and deductions would be minimal, so we take the Standard Deduction. Am I safe to use Schedule E to list expenses to offset the rental income, even though I am not charging FMV?    Thank you!   Chris M Maine
I received this as well. All info I've read the 1099 should be a 1099-C, as it's a direct payment to a student loan servicer for debt forgiveness/repayment. Definitely not a 1099-NEC because that imp... See more...
I received this as well. All info I've read the 1099 should be a 1099-C, as it's a direct payment to a student loan servicer for debt forgiveness/repayment. Definitely not a 1099-NEC because that implies I had a working relationship with the Higher Ed board (We didn't). I'm currently calling the IRS and will update if I get any other info on how to report it. Also sent multiple emails to individual Texas Higher Ed departments on the matter.
How do I apply an overpayment of 2025 state taxes to 2026 state taxes due? I can do this for federal taxes but, for some reason, Turbo Tax no longer has an option to do this in the state section of t... See more...
How do I apply an overpayment of 2025 state taxes to 2026 state taxes due? I can do this for federal taxes but, for some reason, Turbo Tax no longer has an option to do this in the state section of the app. I suspect this is a glitch because I believe this option was there last year
Correct.  With a zero year-end balance in traditional IRAs, the $50,000 Roth conversion will consist entirely of your $50,000 of basis in nondeductible traditional IRA contributions.
When is the drop down menu going to be populated with ALL institutions? Merrill, for one, is missing.   thanks.
You provide the self-certification to the IRA custodian (your broker?).  It's what allows them to accept a rollover after the 60-day rollover deadline has passed.  It is not to be provided to the IRS... See more...
You provide the self-certification to the IRA custodian (your broker?).  It's what allows them to accept a rollover after the 60-day rollover deadline has passed.  It is not to be provided to the IRS unless the IRS asks for a copy.   "Lastly...my understanding is I should pay the early withdrawal penalty upfront, in order to get a refund of that penalty.  Is that correct?  That is, I need to "rollover the entire amount" in TurboTax."   If in TurboTax you indicate that the entire distribution was rolled over (which you will do if you complete the rollover of the entire distribution under Rev Proc 2020-46), there will be no early-distribution penalty to pay up front and no penalty to refund.
Review your tax return to see whether the deduction has been reported.  The additional deduction is automatically included in your tax return when you complete the personal information section of Tur... See more...
Review your tax return to see whether the deduction has been reported.  The additional deduction is automatically included in your tax return when you complete the personal information section of TurboTax and enter your date of birth and filing status.   The $6,000 Enhanced Deduction for Seniors is reported on IRS Schedule 1-A Part V lines 31 through 37.   There are other qualifications.  See here.   Deduction for Seniors New deduction: Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law. The $6,000 senior deduction is per eligible individual (i.e., $12,000 total for a married couple where both spouses qualify). Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers). Qualifying taxpayers: To qualify for the additional deduction, a taxpayer must attain age 65 on or before the last day of the taxable year. Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers. Taxpayers must: include the Social Security Number of the qualifying individual(s) on the return, and file jointly if married, to claim the deduction. The total of IRS Schedule 1-A may be found on line 13b of the IRS form 1040.   In TurboTax Online, you may view the IRS form 1040 by selecting Tax Tools, then Tools, then View Tax Summary down the left side of the screen.   You may also print or view your full tax returns prior to filing after you have paid for the software.    View the entries down the left side of the screen at Tax Tools. Select Print Center. Select Print, save or preview this year's return.    
This year, as in all previous years, NY took out PFL taxes and put it in box 14 on my W2.   Have always e-filed in past, but now it is saying TT cannot file electronically because this has tripped ... See more...
This year, as in all previous years, NY took out PFL taxes and put it in box 14 on my W2.   Have always e-filed in past, but now it is saying TT cannot file electronically because this has tripped an error saying basically Public Employee Retirement Contributions have to be categorized as taxable or non-taxable...even though this is not a PERC...   Any idea how to fix this to make it go through efile? Seems a TT issue?
I need another review of my Michigan tax return
Did you use TurboTax Desktop or TurboTax Online?   When you sign in to TurboTax Online, scroll down to the bottom of the page and click on Your tax returns and documents to see your previously filed ... See more...
Did you use TurboTax Desktop or TurboTax Online?   When you sign in to TurboTax Online, scroll down to the bottom of the page and click on Your tax returns and documents to see your previously filed returns.    If you don't see them, you may be signed into the wrong account.   Go here to find all of your accounts   Print or View Prior Year returns
Turbotax Desktop says my DC tax return has been accepted. DC says they don't have it. How can I get a filing receipt or tracking number to give to DC. Or, how do I refile through the desktop app?
I am having the same issue now in turbotax online 2025. I haven't entered any manual entry for the 457b contribution, which is shown only in the W-2. However, TurboTax is still showing this as an exc... See more...
I am having the same issue now in turbotax online 2025. I haven't entered any manual entry for the 457b contribution, which is shown only in the W-2. However, TurboTax is still showing this as an excess IRA contribution. How can I get over this issue. Thanks
If your daughter files a tax return, the percentages will be allocated between the two tax returns on any basis that you choose as long as the percentages add up to 100%   If the daughter is not ... See more...
If your daughter files a tax return, the percentages will be allocated between the two tax returns on any basis that you choose as long as the percentages add up to 100%   If the daughter is not your dependent, as a US citizen she is must file a tax return if her income exceeds $15,750.   If she files a tax return, TurboTax will ask her to enter a 1095-A. She will enter the info from the parents' form since she does not have her own 1095-A   The next screen will ask her about your health plan being shared, so check the box.   Then she will see a screen asking for shared policy info.    You enter the following:   Enter the Social Security number in box 5 (recipient's SSN) on your parents' 1095-A. Enter the starting month and ending month that you had the insurance. Now you will be asked to enter percentages for Your Premium, Second lowest cost Silver plan (SLCSP), and advanced payment. You and your daughter will agree on what percentage of those amounts you will claim on your return, and what percentage she will claim on hers. You can use anything from 0% to 100%, as long it all adds up to 100%.   Taxpayer 1's tax return should reference taxpayer 2.  Taxpayer 2's tax return should reference taxpayer 1.   See also this TurboTax Help.  
I purchased Turbotax 2025 Desktop Deluxe version from a local retailer, and on the back of the package there is a chart  (see below) with a row titled "Import your investment information from partici... See more...
I purchased Turbotax 2025 Desktop Deluxe version from a local retailer, and on the back of the package there is a chart  (see below) with a row titled "Import your investment information from participating financial institutions".  The row has a box which is NOT checked for Deluxe but IS checked for Premier, implying that Deluxe does not support importing data from financial institutions.   On the other hand, I am seeing several posts in the Turbotax community and elsewhere that indicate Deluxe DOES have the ability to import 1099 data from my financial institutions.   QUESTION: Does Turbotax Deluxe 2025 (as opposed to Premier) have the ability to import financial data, such as 1099 data regarding stock trades and capital gains, from financial institutions such as Fidelity Investments and e*trade?