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Every business in CA must: File Form 568  and schedule IW (income worksheet) Pay the $800 annual tax - either mail FTB3522 voucher or pay via the FTB Web Pay portal If your gross receipts (before... See more...
Every business in CA must: File Form 568  and schedule IW (income worksheet) Pay the $800 annual tax - either mail FTB3522 voucher or pay via the FTB Web Pay portal If your gross receipts (before expenses) is over $250,000 there is an LLC fee in addition.   LLC is a legal entity. For your taxes, if you did not elect to be treated as a corporation and you have no other owners, you can file a Schedule C with your personal income tax return.    For CA: If you are filing a Sch C, the business from federal is reported on your Form 540. Otherwise, you are filling out a business return for federal and state in the business software.   References: CA LLC filing requirements 2025 Instructions for Form 568 Limited Liability Company Tax What type of entity is my business? Deducting expenses Where do I enter Schedule C? Self-employment tax
I found what is happening on the Medical Expenses Worksheet. An HSA distribution is subtracted from the medical and dental expenses, which is not correct because the HSA money was not used to pay the... See more...
I found what is happening on the Medical Expenses Worksheet. An HSA distribution is subtracted from the medical and dental expenses, which is not correct because the HSA money was not used to pay the Medicare premiums and there are no other medical or dental expenses on the worksheet.   The HSA distribution is $1,906. Should I be entering it in the Amount field shown below?  
I suggest you try changing browsers. I know Firefox worked for me when Edge did not.  Others reported the problem to Intuit and received suggestions they manually enter their data. (Obviously, not de... See more...
I suggest you try changing browsers. I know Firefox worked for me when Edge did not.  Others reported the problem to Intuit and received suggestions they manually enter their data. (Obviously, not desirable.)  One of the earlier posts explains how to change your default browser if you need pointers.  I know it is annoying, but it is a solution/workaround.   
@xdci21 wrote: I downloaded several premier, but none to activate with code The installation file should have been the same each time you downloaded it.  When you installed the software, did ... See more...
@xdci21 wrote: I downloaded several premier, but none to activate with code The installation file should have been the same each time you downloaded it.  When you installed the software, did it give you an error code and message when you tried to activate?  If it says the license code is invalid, what to do depends on where you purchased it.     If you purchased it from an authorized retailer like Sams Club or Costco, the store"might" exchange it for a different code.  I've heard some users report that they did, and some that said they wouldn't.   So I guess it depends on the particular store.   In any case, if they don't take it back, or if you want to get a new code from TurboTax Support, here's how to reach them:   Contact TurboTax Hours 5AM-9PM Pacific, 7 days a week https://ttlc.intuit.com/turbotax-support/en-us/contact/
If I choose Continue and leave that question blank, it's followed with: Did you convert a traditional IRA to a Roth IRA before 2025? - Yes What years did you convert a traditional IRA to a Roth I... See more...
If I choose Continue and leave that question blank, it's followed with: Did you convert a traditional IRA to a Roth IRA before 2025? - Yes What years did you convert a traditional IRA to a Roth IRA? - Answered: '2020 and Prior Years' Report net conversions to your Roth IRAs that were taxable and nontaxable in 2020  -  Again, another question which I have no answer for. Note: I see another person facing this same issue and they were told to enter the full distribution amount or more into the box after "What were your Roth IRA contributions prior to 2025?" https://ttlc.intuit.com/community/retirement/discussion/roth-ira-basis-is-it-needed-if-held-past-5-years-and-person-is-over-59-1-2/00/3761359/message-id/257128  
Here is how to enter.    TurboTax Online Go to Federal Select Wages & Income Scroll to Investment Income Find Capital Loss Carryover Click Start or Revisit TurboTax will ask:D... See more...
Here is how to enter.    TurboTax Online Go to Federal Select Wages & Income Scroll to Investment Income Find Capital Loss Carryover Click Start or Revisit TurboTax will ask:Did you have a capital loss carryover from a prior year? Enter your short‑term and long‑term carryover amounts separately. TurboTax Desktop (CD/Download) Go to Federal Taxes Choose Wages & Income Scroll to Investment Income Select Capital Loss Carryover Enter the amounts when prompted
What do you mean update the software?  I use a desktop and when I log into my account, it still shows: Depreciation and Amortization will be ready by February, but likely sooner
it's still friday so we'll all see what happens - maybe it will be a nice valentine's day gift tomorrow
I made a non deductible backdoor Roth IRA contribution total of 6700$ in 2025. I made an additional contribution of 300$ in January of this year 2026 for year 2025 to max my total 7000$ allowed by ir... See more...
I made a non deductible backdoor Roth IRA contribution total of 6700$ in 2025. I made an additional contribution of 300$ in January of this year 2026 for year 2025 to max my total 7000$ allowed by irs. I only received a 1099r for 6700$ from Schwab and they’re telling me I won’t get a 1099 for the 300$ until January of 2027. Is this correct? What do I claim on my 2025 taxes for the 8606 form 6700$ or the total of 7000$?? This is first year filing having done the backdoor method. 
I just updated my Turbo Tax as of 4:30 PM CST and no update for room and board has been installed.   
trying to enter an explanation showing details of transaction. It lets me type it in but when I press continue it wipes out everything
If you have Earned Income Credit or Additional Child Tax Credit, those refunds don't get sent until March 2nd.   Once your federal return has been accepted by the IRS, TurboTax can't access or provid... See more...
If you have Earned Income Credit or Additional Child Tax Credit, those refunds don't get sent until March 2nd.   Once your federal return has been accepted by the IRS, TurboTax can't access or provide updates on the status of your federal refund.    The IRS Where's My Refund website will be updated with projected deposit dates for most early EITC/ACTC refund filers by February 21, 2026.   See PATH Act 
No. Do NOT try to force TurboTax to match the 1099‑B line‑by‑line when the broker provides a supplemental. The supplemental is usually the correct version for tax reporting. Your transactions are rep... See more...
No. Do NOT try to force TurboTax to match the 1099‑B line‑by‑line when the broker provides a supplemental. The supplemental is usually the correct version for tax reporting. Your transactions are reported correctly.
@jswafa and @htgreen3     I can't address anything about chipsets.   You can phone TurboTax Support, if you wish to see if there is any known issue.  I'll give the contact link below.   I'm kinda... See more...
@jswafa and @htgreen3     I can't address anything about chipsets.   You can phone TurboTax Support, if you wish to see if there is any known issue.  I'll give the contact link below.   I'm kinda just thinking out loud what I might try.   Here's something else to try, if you wish, but ONLY if you first disconnect from the Internet; i.e., unplug your wired Ethernet connection or turn off/disconnect from a wireless router, etc.    Then if you temporarily disable your antivirus, firewall, and other security software, does it then launch correctly?   If it does, then you would have at least narrowed it down to a security aspect.  NOTE:  Then don't forget to turn your security software programs/devices back on before you connect back up to the Internet.   If needed: Contact TurboTax Hours 5AM-9PM Pacific, 7 days a week https://ttlc.intuit.com/turbotax-support/en-us/contact/
Hello - I’m trying to import my 1099 Composite from Apex Clearing Corp, but I keep receiving the error message below. I’ve tried entering my account number both as-is and with “10-” in front of it, a... See more...
Hello - I’m trying to import my 1099 Composite from Apex Clearing Corp, but I keep receiving the error message below. I’ve tried entering my account number both as-is and with “10-” in front of it, and I’ve also entered my Social Security number with and without dashes.
Hi - I sold a lot of ESPP shares in 2025 (multiple purchases through the years) and I was still with that employer for part of 2025.   My W-2 has Qualified and Non-Qualified numbers in Box 14.   ... See more...
Hi - I sold a lot of ESPP shares in 2025 (multiple purchases through the years) and I was still with that employer for part of 2025.   My W-2 has Qualified and Non-Qualified numbers in Box 14.   When I go through each of the lots to recalculate the cost basis, I select that I have a W-2 from the employer in 2025/on this tax return.   I have validated all of the numbers but the 1099-B still lists it as needing review. I cannot get past the Federal Review to file my taxes.   Also my W-2 SQD and SDD numbers in Box 14 do not match what TurboTax calculated. But I don't think there is any comparison behind the scenes by Turbo Tax.   How do I get past this roadblock?