All Posts
- « Previous
- Next »
November 25, 2025
12:05 PM
2 Cheers
Hi @kjlawre Scroll down on the How to access and manage your personal data from your Intuit Account article to see how to download ItsDeductible data.
November 25, 2025
11:55 AM
Please explain exactly what you mean by "fill my W-2 out." What tax year is the W-2 for? What are you really trying to do with it? This is your third post about "filling out" a W-2 but we do ...
See more...
Please explain exactly what you mean by "fill my W-2 out." What tax year is the W-2 for? What are you really trying to do with it? This is your third post about "filling out" a W-2 but we do not understand what you are trying to do.
https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5
November 25, 2025
11:50 AM
1 Cheer
I'm not at all sure why it would NOT be considered a qualified dividend since all the requirements appear to have been met. Wikipedia is not the best source for tax information but the requiremen...
See more...
I'm not at all sure why it would NOT be considered a qualified dividend since all the requirements appear to have been met. Wikipedia is not the best source for tax information but the requirements are set forth on the page at the link below. https://en.wikipedia.org/wiki/Qualified_dividend I'll check and see if @Rick19744 has anything to add here.
November 25, 2025
11:49 AM
Topics:
November 25, 2025
11:45 AM
1 Cheer
@M-MTax Yes, you're spot on. The 1099 is on a cash basis rather than an accrual basis. I would rather do the books based on accruals, but the IRS doesn't care what I think. As I switch from fisca...
See more...
@M-MTax Yes, you're spot on. The 1099 is on a cash basis rather than an accrual basis. I would rather do the books based on accruals, but the IRS doesn't care what I think. As I switch from fiscal year to calendar year, I'll also switch from accrual to cash. Again, thank you for the thought provoking questions and hypotheses!
November 25, 2025
11:40 AM
I'm not sure what you mean by "not connecting to my 1040." Do you have an amount on Form 2555 line 45? That is your Foreign Earned Income Exclusion. The amount from Form 2555 line 45 should appear on...
See more...
I'm not sure what you mean by "not connecting to my 1040." Do you have an amount on Form 2555 line 45? That is your Foreign Earned Income Exclusion. The amount from Form 2555 line 45 should appear on Schedule 1 line 8d, where it is treated as a negative amount. Is it there? The total from Schedule 1 line 10 should appear on Form 1040 line 8.
The tag below your question says "TurboTax Online," but you cannot be using TurboTax Online now, when it is between tax years. What version of TurboTax are you using, and what year's tax return are you working on?
November 25, 2025
11:35 AM
@XAM330 wrote: I am thinking I should tell them not to give it to me until next year. That might actually be a useless request and you should speak with the attorney with respect to the timin...
See more...
@XAM330 wrote: I am thinking I should tell them not to give it to me until next year. That might actually be a useless request and you should speak with the attorney with respect to the timing of the payment. The reason being is some estates/trusts are required to distribute certain amounts to beneficiaries and, if that's the case here, you will receive a K-1 with a figure reportable on your 2025 return whether the $33,000 is distributed to you in 2025 or not. Ref: Section 662 - https://www.law.cornell.edu/uscode/text/26/662 In short, if the estate is required to distribute the $33,000 currently, you'll need to report it on your 2025 return even if you delay payment until 2026.
November 25, 2025
10:54 AM
Thank you so much for your professional guidance. Could I ask one more question?: What if I ask the company to transfer the money to my bank account in Japan? (they said they can do it.) Will this p...
See more...
Thank you so much for your professional guidance. Could I ask one more question?: What if I ask the company to transfer the money to my bank account in Japan? (they said they can do it.) Will this potentially reduce the necessity of filing US tax return? Please let me know your thoughts.
November 25, 2025
10:53 AM
Sorry it's too,late to start a 2023 or prior online return or use the mobile app, either on Turbo Tax or the IRS. And too late to efile 2023. If you need to do 2023 or prior you can buy the Desk...
See more...
Sorry it's too,late to start a 2023 or prior online return or use the mobile app, either on Turbo Tax or the IRS. And too late to efile 2023. If you need to do 2023 or prior you can buy the Desktop download here, TurboTax 2022 Prior Year Tax Prep - File Past Years' Taxes You will need a full Windows or Mac to install it on. If you have a simple return and want to file for free you can fill out the forms by hand. Here are some basic forms..... Here is the 2023 1040 return https://www.irs.gov/pub/irs-prior/f1040--2023.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2023.pdf 2023 1040 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2023.pdf 2023 EIC and Tax Tables https://www.irs.gov/pub/irs-prior/i1040tt--2023.pdf Schedules 1-3 https://www.irs.gov/pub/irs-prior/f1040s1--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s2--2023.pdf https://www.irs.gov/pub/irs-prior/f1040s3--2023.pdf Don’t forget your state. And you will have to print and mail your returns. So be sure to attach copies of your W2s and any 1099s that have withholding on them. You have to mail federal and state in separate envelopes because they go to different places. Get a tracking number from the post office when you mail them for proof of filing.
November 25, 2025
10:49 AM
Topics:
November 25, 2025
10:49 AM
I've had numerous stock sales. Do I have to enter each one by one?
November 25, 2025
10:32 AM
I got a letter from TurboTax saying that I will need to have Windows 11 installed on my computer to use Turbo tax; unfortunately for me, as I was loading Windows 11 on my laptop, it completely wiped ...
See more...
I got a letter from TurboTax saying that I will need to have Windows 11 installed on my computer to use Turbo tax; unfortunately for me, as I was loading Windows 11 on my laptop, it completely wiped out my hard drive and I had no back up. All my historical Turbotax filings are gone (for both Real Estate filings for my LLCs and personal filings). I use Turbotax Business for real estate holdings by my three LLCs and I use Turbotax Premium for my personal Income and real estate holdings in my name. Can anybody tell me what I need to do for 2025 since anytime I load the Turbotax Software on my desktop, it always loads historical data. I am very worried about the Depreciation basis for my real estate holdings. Any help will be appreciated. Thanks.
Topics:
November 25, 2025
10:10 AM
It's great that we will be able to download information directly into Turbo Tax for inclusion on Schedule A but not sure at this point whether it would also include the preparation of Form 8283, Non-...
See more...
It's great that we will be able to download information directly into Turbo Tax for inclusion on Schedule A but not sure at this point whether it would also include the preparation of Form 8283, Non-cash Charitable Contributions.
November 25, 2025
10:01 AM
I am the Executor for the Estate of an individual that recently passed away, and he owned a small but long-lived C Corporation 100% (Sole Shareholder.) Last year, he made a Dividend distribution from...
See more...
I am the Executor for the Estate of an individual that recently passed away, and he owned a small but long-lived C Corporation 100% (Sole Shareholder.) Last year, he made a Dividend distribution from the Corporation to himself and I am working on his personal tax return. He was well over 65, and in years preceding the Dividend distribution, was only taking Social Security, usually ending with a Zero Tax Due return. The company has been "quiet" in recent years and has had no significant recent income, thus the distribution has been sourced by historical retained earnings. Given this situation, is it likely that the recent Dividend Distribution will be considered as Qualified, resulting in a lower tax rate? If the Dividends are not "automatically" considered Qualified, is there additional information that I can gather to support the case for Qualified Distributions? Thank you in advance for your help!
Topics:
November 25, 2025
10:00 AM
Since it appears to be one payment split then enter it as "Other reportable income"; no need to use a Schedule E for this.
In the "Wages and Income" section scroll to "Less Common Income" ...
See more...
Since it appears to be one payment split then enter it as "Other reportable income"; no need to use a Schedule E for this.
In the "Wages and Income" section scroll to "Less Common Income"
Start/Update "Miscellaneous Income"
Start/Update "Other reportable income"
Did you receive other taxable income? YES
Description - If you received a form 1099-Misc be sure to indicate form 1099-Misc in the description box. Something like "1099-Misc Good Neighbor or Windfarm Nuisance" should work. If there was no 1099-Misc then just describe as "Good Neighbor or Windfarm Nuisance payment."
Enter the payment amount
Done
This will enter the amount as other income on Schedule 1, line 8z which carries to line 8 on the form 1040.
Alternatively, if you received a 1099-Misc, you can follow Pattif's instructions in the earlier post and extracted below. This too will enter the income on Schedule 1, line 8z.
Go to Other Common Income in the Income & Expenses section,
Click Start at the 1099-MISC box
Enter info from 1099-MISC,
Describe the reason for this 1099-MISC, and Continue
Does one of these uncommon situations apply?, Choose None of these apply and Continue
Check that No, it didn't involve work like my main job
How often did you get income for windfarm nuisance fee, Choose I got it in 2021 and Continue
Did the windfarm nuisance fee pay involve an intent to earn money, Choose, No, it didn't …. And Continue
November 25, 2025
9:59 AM
1 Cheer
@juham2013 I haven't bought my 2025 program yet but I have installed prior years on different computers when I need to get a new computer. I had to go from Windows 8 to Windows 10 a couple year...
See more...
@juham2013 I haven't bought my 2025 program yet but I have installed prior years on different computers when I need to get a new computer. I had to go from Windows 8 to Windows 10 a couple years ago to install Turbo Tax. I was able to transfer everything from the Windows 8 computer and able to install the prior years programs too. Yes all you need to transfer into 2025 is the file ending in .tax2024 from the old computer. So make sure you have that file and know where it is. It should be in your Documents in a Turbo Tax folder. Copy the .tax2024 file to a flash drive so you can copy it into the new computer. And actually you can transfer the .tax2024 file into Windows or Mac desktop programs. Mac uses the same data file. Regarding viewing your return I say that so if you need to print or look at a prior year without installing that program you can get a copy of the pdf, like to give to someone like a lender etc. You should be saving each year as the .taxyyyy data file and also as a PDF file when you are done filing.
November 25, 2025
9:59 AM
1 Cheer
I am in a similar situation as both my Windows and my Mac are no longer supported by TT 2025. I researched H&R Block and their 2025 Deluxe download is still compatible with Windows 10 and my current ...
See more...
I am in a similar situation as both my Windows and my Mac are no longer supported by TT 2025. I researched H&R Block and their 2025 Deluxe download is still compatible with Windows 10 and my current Mac OS Ventura so after over 20 plus years I will be switching to H& R Block in 2025. H&R will collect TT2024 data transfer to their 2025 Deluxe version
November 25, 2025
9:58 AM
"By default" I meant to write, when talking about saving filings as PDF
November 25, 2025
9:48 AM
There are 2 different loans you can get. There is a Flex Loan you can get now before you file your 2025 return or the Refund Advance based on your 2025 tax return. Apply for a Flex Loan https://t...
See more...
There are 2 different loans you can get. There is a Flex Loan you can get now before you file your 2025 return or the Refund Advance based on your 2025 tax return. Apply for a Flex Loan https://turbotax.intuit.com/personal-loan What is the Turbo Tax Flex Advance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/loans/whats-turbotax-flex-advance/L2Xg6In6b_US_en_US?uid=mhz8qpz8 The Refund Advance usually starts in January and just when you are ready to file. And only if they offered it to you. You can't self select it. Then you don't get it until AFTER your efile is Accepted by the IRS which is usually late January. https://turbotax.intuit.com/refund-advance
- « Previous
- Next »