All Posts

Yep, you messed up.    When you file a joint return all of your combined information goes on ONE return.   Wait until your return has been fully processed, and then you will have to amend to add all of your spouse's information and income to that one.   He can keep a record of how to access his "old" account since his past year returns will be saved there for seven years.  But going forward, use the same account for your joint returns and do not try to change the order of the names.      And....it will not be "your" refund and "his" refund.   It will be a refund with both names on it.     If you filed your return and got the married filing jointly standard deduction, then a lot less of your income was taxed.  Do not view the new refund amount as being only "his" when you add more income to the joint return.  If you receive a refund for your incorrect return and there is some additional refund when you amend---add it all up---that is the refund for both of you.

@lesandjack Make sure your Windows OS is up to date. Or installation issues, make sure you are following these points:   You have the administrator rights on the profile you are installing TurboTax on.  You are not trying to install on a cloud.  Turn off your antivirus software and Windows Defender before installation & be sure to turn it back on after.  Try this link to download TY24: https://intuitglobal.intuit.com/downloads/CanadaTax/2024/dls/TurboTax_2024.exe  If the error persists, we suggest you contact our product support by phone. 

Possible work around for anyone struggling with this...I went to forms & updated all pink boxes, form by form in the 1099R category. Most of the frozen 1099-R's unfroze.  This has taken 4x the usual time to enter my data, mostly to try to find a work around.  Did all of the uninstall, install, defragment disc etc, nothing worked, until I manually forced all entries in forms. 

You have to pay back advance premium tax credits if you earned more than you estimated your income when you enrolled.   If your income was less than 400% of the federal poverty level, there are caps placed on repayments, but they are not removed entirely.      The federal poverty guidelines are sometimes referred to as the "federal poverty line" or FPL. The Department of Health & Human Services (HHS) determines the federal poverty guideline amounts annually.   The 2025 tax return uses the 2024 levels.     See 8962 instructions (For 2025, the 2024 federal poverty lines are used for this purpose and are shown below and linked here.)    |   What is the Premium Tax Credit (PTC) and What is Tax Form 8962

@ElizarT There is nothing you can do. The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 03/04/2026   Not until the IRS updates the Form 1040-X instructions for tax year 2025 can TurboTax provide a 2025 Form 1040-X. Current IRS Form 1040-X instructions are for tax year 2024 - https://www.irs.gov/pub/irs-pdf/i1040x.pdf IRS Draft Form 1040--X instructions for tax year 2025 - https://www.irs.gov/pub/irs-dft/i1040gi--dft.pdf

Was your distribution from a Simple IRA or a SEP IRA?  Those are both employer sponsored retirement plans.  If you're not familiar with them, the answer is probably no.  More than likely you need to check "None of these apply" and if the IRA/SEP/Simple box on your 1099-R is checked, you should check it.  That doesn't mean it's SEP IRA or Simple IRA, as it applies to Traditional IRAs as well - which is probably what you have.

Followed your recommendation, but the sequence you recommended doesn't seem to be happening on my desktop TT Home & Biz on my Mac. After I click on 'item is sold', disposition information with the dates, goes to 'special handling' which you have a few clicks later. If I click 'yes' it tells me my depreciation for the year and then takes me back to the main deprecation page. If I click 'no' then it asks for sale price, etc.  So you saying click 'yes' doesn't get to sales price, etc. so not sure what to do here.   AND if I follow through on the 'no' it still seems to raise my tax bill substantially even though I do the 1031 like kind section.  So something still not working as also tells me 'no taxable gain'  but 'deferred gain' that will go against the new property, yet I'm being taxed someplace in TT for this.

Yes, you are correct in regards to your options. You can use TurboTax to amend a 2024 tax return.    If you didn’t file using TurboTax and can’t locate a copy of your return, you can order a copy of your tax transcript using the Get Transcript tool on the IRS.gov website. Your transcript shows most of the lines from your tax return, including income, deductions, credits, and tax payments. How to File and Amended Tax Return with the IRS? Follow the instructions in the link below to obtain the necessary TurboTax Desktop products (2024 and 2023).   The amendment can be completed using the steps below and if necessary you can use the IRS transcript for your original 2023 or 2024 tax return. How do I amend a tax return for a prior year? @garyl888 

@benparis2007 Si vous n'avez pas de montant de votre employeur dans la case A mais seulement un montant dans la case O RD du Relevé 1, cela signifie que ces revenus sont des honoraires de travail autonome ou à contrat. Vous devez donc utiliser le logiciel TurboImpôt Travail Autonome pour faire votre déclaration de revenus.       Vous ne trouverez pas la case O RD dans le Relevé 1 de tout autre logiciel.      Merci de choisir TurboImpôt

The 2024 tax data file can only be opened by the 2024 TurboTax desktop software. Download the 2024 PDF   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download/print return (PDF)

@Aussie wrote:   In your reply you stated "Enter your sales information, do not make an entry for depreciation (no zeros)"   If I had to guess, that is a typo.   However, while her description will report the correct gain/loss, if there is a gain and the rental property qualifies for the QBI deduction, using that method to report the sale will incorrectly NOT affect QBI.   TurboTax is not set up for reporting the sale of an asset that has varied in business percentage.  And it quite horribly doesn't notify you of its incapability of doing that and that it gives incorrect results if you try.     As a side note, in the event the vehicle was originally personal-only use and then later converted to partial business use (for the rentals), the manual calculation can get much more complex than what Diane mentioned.

Since your return has already been accepted, you will need to wait until it is fully processed before filing an amendment.    You can try to cancel the scheduled California direct debit through your FTB MyFTB account, or by contacting the FTB at least two business days before the payment date.   If the payment is processed, it'll simply be credited to your account and reconciled when you amend your tax return.   Once your tax return is completely processed, you can Amend (Form 1040-X) to first correct your federal return, then update California so Form 540NR-X is generated automatically.   Amend TurboTax CD/Download