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A 2024 W-2 cannot be entered on a 2025 tax return.  You will have to amend the 2024 tax return you filed to add the W-2   See this TurboTax support FAQ for amending a prior year tax return - http... See more...
A 2024 W-2 cannot be entered on a 2025 tax return.  You will have to amend the 2024 tax return you filed to add the W-2   See this TurboTax support FAQ for amending a prior year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=ld1n99kr
@taxmodern wrote: ....IRC § 262(a) prohibits deducting personal expenses ("no deduction shall be allowed for personal, living, or family expenses").... Thet section of the Code is irrelevant ... See more...
@taxmodern wrote: ....IRC § 262(a) prohibits deducting personal expenses ("no deduction shall be allowed for personal, living, or family expenses").... Thet section of the Code is irrelevant to this scenario because the property was NOT being held for personal use in the tax year the expense was paid and Section 164 provides that real estate taxes are allowed as a deduction for the taxable year within which the taxes are paid or accrued. Clearly, they were paid in the tax year that the property was being held for business use and note that the language contemplates an either/or situation (i.e., it's in the disjunctive).   I believe your contention could be summed up by stating that the deduction (Schedule E) should not be allowed because the tax payment is a personal expense, not a business expense or expense incurred for the production of income. However, the property was NOT being used for personal purposes at the time the taxes were paid. This scenario is not much different than if the owner had bought an appliance in 2024 in anticipation of securing a renter in 2025 AND did not actually pay for the appliance until 2025, which would make the expense deductible in 2025. 
If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines. Be sure your tax return is accepted an... See more...
If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines. Be sure your tax return is accepted and processed.  The 1040-X is scheduled for later this month.  The IRS is not yet ready to accept amendments. The link below will keep you updated on the release date. Check to see if you need to amend your state as well. Do not change your original return until you have reviewed the information so that TurboTax knows the original numbers and the corrected numbers.   You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Amend a tax return for the current tax year Tax Form Availability
I purchased the download version of Premier but intended to use the online version.  Can this be rectified if I already used the activation code?  
Not sure why you were required to download a desktop version of your 2023 TurboTax, but generally, if you filed a prior year return using TurboTax Online, here's how to do an Amendment online:   ... See more...
Not sure why you were required to download a desktop version of your 2023 TurboTax, but generally, if you filed a prior year return using TurboTax Online, here's how to do an Amendment online:   Log In: Sign in to the same TurboTax account you used to file the original return. Locate Return: On the "Tax Home" screen, scroll down to "Your tax returns & documents" and select the year you want to amend. Select Amend: Click on "Amend (change) return" and choose "Amend using TurboTax Online". Make Changes: The software will guide you through updating your income, deductions, or credits, which will automatically update the necessary Form 1040-X. File: Follow the instructions to file the amendment electronically (if available for that year and your return allows) or print and mail the document to the IRS.    @SameSameButDifferent   
My understanding is that the reduction comes out of the maximum allowed which for married filed jointly would start at $25,000 not from the amount that you are claiming.
The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026   An amended return, Form 1040-X, can only be printed and mailed to the IRS if the or... See more...
The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026   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
It depends. Here are the filing requirements and rules for dependents, which are different from a single independent person. The key will be the amount of unearned income (interest) combined with ear... See more...
It depends. Here are the filing requirements and rules for dependents, which are different from a single independent person. The key will be the amount of unearned income (interest) combined with earned income. If the unearned income is at least $1,350 a return is required and may have tax liability. Review the link for additional information. Tax Filing Requirements for Children Tax requirements for dependent children are different from those of other taxpayers. A dependent child who has earned more than $15,750 of earned income (tax year 2025) typically needs to file a personal income tax form. Earned income includes wages, tips, salaries, and payment from self-employment. A dependent child who receives more than $1,350 in investment income in 2025 is required to file a tax return. Investment income includes interest and dividend payments. If your child’s investment income consists only of interest and dividends, you can use IRS Form 8814 to include it on your own return and combine it with your own income. Doing this may push you into a higher tax bracket and result in higher income tax than if you prepare a separate return for your child. Regardless of the amount of income your dependent child earns, their Standard Deduction is typically different than yours. It is limited by the larger of $1,350 in 2025 or their earned income plus $450, with the maximum equal to the Standard Deduction for single taxpayers which is $15,750 for 2025.
Yes. It does appear to be correct. If one of your Form 1099-R distributions covers all of your RMDs, you may enter the RMD amount for that one as the total for all RMDs, like you did.   Since eac... See more...
Yes. It does appear to be correct. If one of your Form 1099-R distributions covers all of your RMDs, you may enter the RMD amount for that one as the total for all RMDs, like you did.   Since each Form 1099-R is entered separately, they will each have their own RMD questions.    In subsequent Form 1099-R entries, when you reach, "Let's get more information about your RMD", you may then input a zero (0), then press Continue.    When you reach the, "Let's go over any required minimum distributions (RMD)", you may skip this by clicking on Continue.
@user17705032923 The IRS does not text or email you.   Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   Once a tax return has been Accep... See more...
@user17705032923 The IRS does not text or email you.   Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.   If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
The purchase price of the ESOP shares is irrelevant.  Because box 2a of the Form 1099-R has the same amount as is in box 1, this form indicates that you had no after-tax basis in the ESOP shares and ... See more...
The purchase price of the ESOP shares is irrelevant.  Because box 2a of the Form 1099-R has the same amount as is in box 1, this form indicates that you had no after-tax basis in the ESOP shares and the entire value of these shares on the date of the distribution from the plan became taxable upon rollover to a Roth IRA.   Note that if the shares were distributed to you and you sold the shares before rolling over the proceeds to the Roth IRA, the taxable amount of the distribution is still the entire value of the shares and the cost basis of the shares for the purpose of calculating the capital gain is the value of the shares on the date of the distribution from the plan and a holding period that began on the date of the distribution.  This sale would be reported on Form 1099-B as a sale of noncovered shares.
I have the same problem. My imports from Vanguard and Marcus Goldman say successfully loaded but the updates are not recorded in turbo tax
WHO ARE YOU ?   You haven't checked lately because it actually works.   I asked google AI.. it reports Turbo Tax does not work until sometime after Feb 11.  But it reports that H&R does work correct... See more...
WHO ARE YOU ?   You haven't checked lately because it actually works.   I asked google AI.. it reports Turbo Tax does not work until sometime after Feb 11.  But it reports that H&R does work correctly.. and I tried it..  From Google'...   Yes, H&R Block tax software works with depreciation for 2025 taxes (taxes filed in early 2026). The software includes support for Form 4562 (Depreciation and Amortization), which is necessary for calculating and reporting depreciation on business equipment, machinery, and rental properties.  For the 2025 tax year, the software handles specific depreciation rules, including: 100% Bonus Depreciation: The software supports the 100% bonus depreciation deduction for qualifying property placed in service on or after January 20, 2025. Section 179 Deduction: You can deduct up to $500,000 of the cost of qualifying tangible personal property. MACRS Depreciation: The software supports the Modified Accelerated Cost Recovery System (MACRS) for property placed in service after 1986. 
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if ag... See more...
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
This is an additional deduction, not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.... See more...
This is an additional deduction, not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.    Note, this deduction has income limitations.  It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).   This deduction is located on Schedule 1-A Additional Deductions, Part V. The total additional deductions will be summed and appear on your 1040, line 13b.   You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and scroll to Schedule 1-A Part V.
You can't enter room & board expenses yet. This is a known glitch in TurboTax (TT). They are working on it (no announced fix date).   The 2025 education and 529 sections appear totally redesigned, fr... See more...
You can't enter room & board expenses yet. This is a known glitch in TurboTax (TT). They are working on it (no announced fix date).   The 2025 education and 529 sections appear totally redesigned, from last year. 
@jxwilliams58291 Since you did not receive a 1099-K and you sold your personal items at a loss, you do not need to report this on your taxes at all. The IRS does not allow you to deduct losses on ... See more...
@jxwilliams58291 Since you did not receive a 1099-K and you sold your personal items at a loss, you do not need to report this on your taxes at all. The IRS does not allow you to deduct losses on personal items (like selling old clothes for less than you paid). Because there is no gain to tax and no loss allowable, the net impact on your return is zero.