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a month ago
Tax year 2026 will not be completed until after 12/31/2026
If you wish to download the 2025 desktop editions, the current year being filed, go to this TurboTax website to purchase and download ...
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Tax year 2026 will not be completed until after 12/31/2026
If you wish to download the 2025 desktop editions, the current year being filed, go to this TurboTax website to purchase and download one of the desktop editions - https://turbotax.intuit.com/personal-taxes/cd-download/
a month ago
I am forced to talk to a robot and the robot answers my question with > I need to file an ammemndment. I need to go on line with the Irs and make the change. I need to go to line 11 and chang my 1040...
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I am forced to talk to a robot and the robot answers my question with > I need to file an ammemndment. I need to go on line with the Irs and make the change. I need to go to line 11 and chang my 1040. None of the anwers are the coorect answers. So I need a person and not a robot to find out how to correct it. It was never sumbmitted so doing an ammendment with the IRS is not what I need. Advise. C,
a month ago
No, if the vehicle is in your name then the company can't take the 179 deduction unless it's a single member LLC. And if it is titles in the company's name then generally the deduction is spread amo...
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No, if the vehicle is in your name then the company can't take the 179 deduction unless it's a single member LLC. And if it is titles in the company's name then generally the deduction is spread among the members according to their ownership percentages.
The advantage to titling it jointly in your name is totally for you. You retain some control and possession. The disadvantage is that the company can't take a 179 deduction or bonus depreciation and can only deduct the actual expenses associated with the vehicle.
a month ago
That box would only need to be checked if you have Earned Income Credit. Otherwise there is no need to have that box checked.
Example - E-filed federal tax return. Received federal tax refund. T...
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That box would only need to be checked if you have Earned Income Credit. Otherwise there is no need to have that box checked.
Example - E-filed federal tax return. Received federal tax refund. That box on the Form 1040 was Not checked.
a month ago
I tried to import a brokerage statement into to TurboTax, Turbo Tax stat4ed it had obtained the info but when I go back to Turbo Tax the info is not there and the page asking if I want to import is s...
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I tried to import a brokerage statement into to TurboTax, Turbo Tax stat4ed it had obtained the info but when I go back to Turbo Tax the info is not there and the page asking if I want to import is still showing. I do have two step verification on but it trusts my computer. I entered everything manually but was wondering if anyone had any ideas as to why this happened? I will need to use this option in the future. Thanks
a month ago
Turbotax sucks for 2026. I can't download the desktop products because it doesn't list any
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a month ago
My license was issued in N.Y. on 6/2/25.
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a month ago
@user17700577056 wrote:
The OP received a 1099-Misc. Turbo tax does not gove an option to decuct gambling losses from this form as they would a w2-g
Yes they can enter the gambling income ...
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@user17700577056 wrote:
The OP received a 1099-Misc. Turbo tax does not gove an option to decuct gambling losses from this form as they would a w2-g
Yes they can enter the gambling income from the 1099-MISC in the W-2G section of the program.
a month ago
I have a small amount of non-taxable funds in my IRA. I have met all RMD requirements. When I enter the value of all my IRAs on Line 7 of Form 8606, the expected return amount goes down. I cannot und...
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I have a small amount of non-taxable funds in my IRA. I have met all RMD requirements. When I enter the value of all my IRAs on Line 7 of Form 8606, the expected return amount goes down. I cannot understand why that would happen since the carryover of the basis entered on line 6 comes from the previous year taxes. My expected return goes down by about a third of the basis. I cannot understand why that happens. Thank you for any comment you may have to educate me.
a month ago
Because your Medicare coverage backdated to January, the IRS considers you to have had $0 eligibility for an HSA the entire year of 2025.
TurboTax’s Form 8889 is likely confused because of the ...
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Because your Medicare coverage backdated to January, the IRS considers you to have had $0 eligibility for an HSA the entire year of 2025.
TurboTax’s Form 8889 is likely confused because of the difference between Direct Contributions (your $1,500) and Employer Contributions (the $500).
Your total "Excess Contribution" is $2,000 ($1,500 from your salary + $500 from the company). The $250 in interest is not an "excess contribution," but rather "earnings on excess."
If your W2 shows only $1,500 (your payroll deduction) in Box 12, Code W, and not the $500 company match, your employer likely didn't record their $500 contribution in that specific box.
While selecting "No insurance/Medicare for the whole year" at the very beginning, which is technically true, TurboTax needs to see that you thought you had coverage to process the removal correctly.
Try this specific sequence in the HSA interview:
Did you use your HSA during 2025? Say yes.
Were you covered by a High Deductible Health Plan in 2025? Say yes.
Do any of these situations apply to you? Check the boxes for you had Medicare and that you had other company contributions that weren't reported on your W2.
Did your employer make any other contribution? In the "Contributions not reported in box 12 of your W2", enter $500.
What type of HDHP Coverage did you have: Select you had different plan types at different times of the year.
For each month under Health plans, show select 'Medicare or None'.
Select the type of coverage you had on December 1, 2024.
Your HSA summary should say $2,225 Total Distributions, $250 taxable earnings on excess contributions, and $2,000 of Excess employer contributions withdrawn.
Because you removed the money in the same year you put it in (2025):
The $2,000 (contributions) and $250 (earnings) should show up as Other Income on your Schedule 1 (Line 8f). This effectively "undoes" the tax-free status they had on your W-2.
Form 5329 should show $0 penalty. If you see a 6% penalty, the "removal" was not entered correctly.
Form 8889, Line 14b: Should show the $2,250 total distribution.
a month ago
To amend your 2024 tax return using TurboTax Online follow the instructions below. Make sure you have a copy of your original returns available to review.
Sign in to your TurboTax account
...
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To amend your 2024 tax return using TurboTax Online follow the instructions below. Make sure you have a copy of your original returns available to review.
Sign in to your TurboTax account
Under Tax Home, scroll down to Your tax returns & documents and select 2024
Select Amend (change) return
Select Amend Using TurboTax Online
Follow the prompts on the next screens and answer the questions
On the Tell us which 2024 return(s) you want to amend screen, select which tax return you want to amend and select Continue
Follow the prompts to amend your tax return
For additional information on amending your 2024 tax return, review the following TurboTax article: How do I amend my state tax return? and How do I amend a prior year return?
a month ago
The question, "For the years you received these distributions, was the total amount shown on the form the amount you paid tax on?" is referring to the total amount in Box 1 of Form 1099-R as compared...
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The question, "For the years you received these distributions, was the total amount shown on the form the amount you paid tax on?" is referring to the total amount in Box 1 of Form 1099-R as compared to the amount in Box 2a. So, is the amount in Box 1 the same as Box 2a? If it is not, the answer would be "No".
Box 1 is not always the amount you pay tax on; it is the total gross distribution. You are usually taxed on the amount in Box 2a, which may be lower if you made after-tax contributions. If you rolled over the funds, the taxable amount could be zero.
You are correct; New York State excludes up to $20,000 of retirement income (per person) if you are 59 1/2 or over. The information from your Federal return will flow to your New York State tax return. The amount that you had withheld for New York State tax will be applied to your overall tax due or it will be refunded to you.
The fact that you had New York State tax withheld from your distribution won't affect how your distribution is treated on your New York State Tax Return.
Please return to Community if you have any additional information or questions and we would be happy to help.
a month ago
1 Cheer
@vetz76 wrote: Here's a PC Mag review: https://www.pcmag.com/reviews/freetaxusa?test_uuid=04IpBmWGZleS0I0J3epvMrC&test_variant=A Probably a decent alternative for those using ONLINE versions ...
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@vetz76 wrote: Here's a PC Mag review: https://www.pcmag.com/reviews/freetaxusa?test_uuid=04IpBmWGZleS0I0J3epvMrC&test_variant=A Probably a decent alternative for those using ONLINE versions of TurboTax, but the subject of this thread involves desktop versions of TurboTax and its Windows 11 requirement.
a month ago
I'm only asked about the senior poverty level income deduction, which is not the same as the $6000.
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a month ago
Use the deceased person's info/ID when filing a return for them, and indicate they're deceased and the date. TurboTax will have a checkbox asking if you're preparing this return for a deceased perso...
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Use the deceased person's info/ID when filing a return for them, and indicate they're deceased and the date. TurboTax will have a checkbox asking if you're preparing this return for a deceased person.
An ID is not required for filing a Federal return, but if their state requires one and their ID is expired, you can use the ID of the person filing.
Here's more info on ID For Deceased Person Tax Filing.
Sorry for your loss.
@user17706002470
a month ago
Trust me when I say, I have spent HOURS on this page so far trying every combination of checked boxes that I can, and none of them will get me where I need. All I ever get at the end of my attempts i...
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Trust me when I say, I have spent HOURS on this page so far trying every combination of checked boxes that I can, and none of them will get me where I need. All I ever get at the end of my attempts is: "It turns out you don't qualify for these credits."
a month ago
Because the file shows up as empty, unzip it on your computer, or try clearing out your browser's cache and cookies. At times the PDF may not load correctly due to browser issues.
Follow the l...
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Because the file shows up as empty, unzip it on your computer, or try clearing out your browser's cache and cookies. At times the PDF may not load correctly due to browser issues.
Follow the links below for more detailed instructions:
How do I delete cookies
How to clear your cache
Then,
Go back to your TurboTax account. Use the same information from that year.
Select "Your tax returns & documents" on the Tax Home screen.
Select Download/print return (PDF).
In the next link you will find all the necessary information:
How to view/download prior year return
a month ago
1 Cheer
Usually no. The 1099-R is a strictly American tax form. UK pension providers (like Nest, Aviva, or the DWP for State Pensions) use their own reporting systems (like the P60) which do not translate di...
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Usually no. The 1099-R is a strictly American tax form. UK pension providers (like Nest, Aviva, or the DWP for State Pensions) use their own reporting systems (like the P60) which do not translate directly to US tax forms. The only exception might be if you worked for an American company, the company recognizes you are now a US citizen, and you request a 1099R to be sent to you.
Since you do need to report your worldwide income. Here is how to report in TurboTax.
Go to Wages & Income > Less Common Income > Miscellaneous Income.
Select Other Reportable Income.
Description: "UK Pension" or "UK State Pension."
Amount: The total amount received, converted to US Dollars using the average annual exchange rate.
Now let me give you a warning. If your combined foreign accounts (including the balance of your UK pension) exceeded $10,000 at any point in the year, you must file an FBAR (FinCEN Form 114). This is a separate filing from your tax return and carries heavy penalties if missed. You can file that here.
Addtionally, If your UK accounts, including pensions, have more than $50,000 filing Single, or $100,000 married filing Jointly, you need to file Form 8938 in your tax return. This is generated by:
Sign in to TurboTax Online and open your return.
Click on the "Other Tax Situations" tab in the top menu (or on the left side, depending on your view).
Scroll down to the "Other Tax Forms" section.
Look for "Prepare a report on foreign financial assets" and click Start or Revisit.
a month ago
The OP received a 1099-Misc. Turbo tax does not gove an option to decuct gambling losses from this form as they would a w2-g