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To enter estimated tax paid in 2025  Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates
  The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the... See more...
  The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)   The deduction is not on the same line as your standard deduction.  It is shown separately on line 13b.     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately    
OK so one of the ways that I will earn income for the LLC is by W-2 directly to me, so how do I ensure that that income is attributed to my LLC in my tax filing and I can place expenses against it?
i get a monthly retirement check is this taxed where do I file it
The taxes related to the RV for Arizona won't have any influence on the New Mexico tax liability.  Just be sure that you finalized your New Mexico return before starting to work on your Oregon return... See more...
The taxes related to the RV for Arizona won't have any influence on the New Mexico tax liability.  Just be sure that you finalized your New Mexico return before starting to work on your Oregon return and you should be fine.   It also sounds like you have some mutual fund dividends related to interest on US Government securities.  This interest is Federally taxable and is generally tax-exempt at a state level - Oregon is one such state where this interest is exempt.  If Fidelity provides you with information about the % of the dividends that are US Government interest, you can use that to determine the total dividends that will be exempt from state tax in Oregon.   To enter this information, you can go and edit (or add if you haven't entered the 1099-DIV yet) and once the $ amounts are entered and you click Continue, you'll get a screen "Do these uncommon situations apply?" - check the box for A portion of these dividends is US Government interest, then Continue.  The next screen will allow you to enter the $ amount of the dividends that are US Government interest.  This amount of US Government interest will show up on OR-ASC with a code of 315 and the dollar amount of interest to the right of it in Section B Subtractions.  This amount gets carried to Oregon Form 40 line 13 and will be subtracted from your Oregon taxable income.
What box of your 1099-misc is the income in?    And what are you selecting on the screen titled Do one of these uncommon situations apply?    Did you delete the Schedule C?       You should delet... See more...
What box of your 1099-misc is the income in?    And what are you selecting on the screen titled Do one of these uncommon situations apply?    Did you delete the Schedule C?       You should delete the 1099-Misc you already entered and then re-enter it.    Where do I enter a 1099-MISC?   For Box 3: To get your 1099-MISC, box 3 amount to go to Other Income instead of Schedule C, do the following:     Delete that 1099-Misc and the Schedule C that was started, instructions are below.  Then re-enter it, making sure to answer the follow-up questions as follows:   After you enter the reason for the 1099-Misc, mark None of the above on the next screen (uncommon situations). Answer Did the refund involve work that's like your main job?  NO Answer How often did you get income for refund?  You got it in 2025 only Answer Did the refund involve an intent to earn money?  NO   This will report the box 3 amount as Other Income on Line 8 of Form 1040 without generating a schedule C.      How to delete forms in TurboTax Online    How to delete forms in TurboTax Desktop
How do I select the senior tax credit deduction.?
Adding -- On the 1099-R entry screen, Box 7 matches your form ; IRA/SEP/SIMPLE" box is unchecked; When the software asks, "Was this distribution from a 403(b) plan?", I selected "No, it's another ty... See more...
Adding -- On the 1099-R entry screen, Box 7 matches your form ; IRA/SEP/SIMPLE" box is unchecked; When the software asks, "Was this distribution from a 403(b) plan?", I selected "No, it's another type of qualified retirement plan."   Per a similar question -  this was posted - By selecting No, the software should treat it like a standard pension or 401k distribution and skip the "Annuity" questions entirely.   I did select no (this is a pension) and I still get those annuity questions.
If you sold an asset and the transaction closed in 2025, then that 2025 closing date should be entered in TurboTax, as the sale is deemed complete upon closing, even though you may have received proc... See more...
If you sold an asset and the transaction closed in 2025, then that 2025 closing date should be entered in TurboTax, as the sale is deemed complete upon closing, even though you may have received proceeds from the sale at a later date.   Any year that you have to report a capital asset transaction, you’ll need to prepare Form 8949 before filling out Schedule D unless an exception applies.   The IRS instructions for Form 8949 indicate that you should enter in the "Date sold or disposed of" column the date you sold or disposed of the property. Use the trade date for stocks and bonds traded on an exchange or over-the-counter market. For a short sale, enter the date you delivered the property to the broker or lender to close the short sale.   @David448 
You can request the same agent, and if they are available you can connect with them again.   If you can't connect you can connect with other qualified experts. Use the "Live Help" button to connect. ... See more...
You can request the same agent, and if they are available you can connect with them again.   If you can't connect you can connect with other qualified experts. Use the "Live Help" button to connect.   How do I connect with a tax expert in TurboTax Experts?
It depends: If you are over age 59.5, the ROTH conversion actually qualifies for the $20k exclusion of income. This is per person, if the program is giving more, that is a problem. If you are... See more...
It depends: If you are over age 59.5, the ROTH conversion actually qualifies for the $20k exclusion of income. This is per person, if the program is giving more, that is a problem. If you are younger, you should not be getting the exclusion. Check the IT 201-P or pension exclusion worksheet. The IRA distribution will show. IT 201 line 29 should not exceed $20k per qualified person.   Note: Government pension is fully exempt on line 29.
New York offers a separate, non-refundable deduction for Long Term Care Insurance Premiums.  Look for a screen in the NY interview 'Take a look at NY Credits and Taxes'.     Here's more info from... See more...
New York offers a separate, non-refundable deduction for Long Term Care Insurance Premiums.  Look for a screen in the NY interview 'Take a look at NY Credits and Taxes'.     Here's more info from NY Dept. of Taxation.   @mnfriedman1   
Is it possible to efile for an extension from desktop edition of TurboTax? The instructions on this page  seem oriented toward the Online addition and also suggest filing a paper form. Can one sele... See more...
Is it possible to efile for an extension from desktop edition of TurboTax? The instructions on this page  seem oriented toward the Online addition and also suggest filing a paper form. Can one select an existing return and indicate filing for an extension and then transmit at the end of the 'Step by Step'? Following the 'Step by Step' seems to end in just printing forms. How is one to tell if the extension is accepted which is a question asked by the desktop edition when completing the State return.
1099R Line 2 Taxable Amount is less than line 1 Gross Distribution. Turbo tax is asking "for the years you received these distributions, was the total amount shown on the form the amount you paid tax... See more...
1099R Line 2 Taxable Amount is less than line 1 Gross Distribution. Turbo tax is asking "for the years you received these distributions, was the total amount shown on the form the amount you paid tax on? Then it shows "Total Amount" in larger font and then select Yes or No.   If you select Yes, then turbo tax uses the gross distribution as taxable.  If you select No, the next page then asks me which method did I use (simplified or general rule) to figure out the taxable portion of this annuity.  The issuer provided the taxable amount on Box 2a so I did not have to calculate it.  In prior tax year software, turbo tax asked if the taxable amount in 2a was correct and used 2a as the taxable amount if that is correct on the 1099 R.  Why is there a change? Is there an error in 2025 turbo tax?
Thanks Thomas: I deleted both schedule F and Form 4835 and reentered my farm data. No Self-Employed tax!
Yes, they can be amended but generally have to be mailed. It's not a bad idea to give the IRS time to process the original, but you can certainly prepare your amendment now. The 1065-X is available t... See more...
Yes, they can be amended but generally have to be mailed. It's not a bad idea to give the IRS time to process the original, but you can certainly prepare your amendment now. The 1065-X is available to print and  the 1120S is just corrected and labelled as amended. No special form. How do I amend my federal tax return with TurboTax Business Desktop? Amending and superseding corporate returns | IRS