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The $12,000 deduction is not a credit. It just lowers your taxable income. 
Up until this point, I've been unable to file, getting a message that turbotax wasn't able to handle it yet. I'm following the help now, clicking "Edit" next to my situations however I'm never prompte... See more...
Up until this point, I've been unable to file, getting a message that turbotax wasn't able to handle it yet. I'm following the help now, clicking "Edit" next to my situations however I'm never prompted to enter in information like sale price.
The two tax systems are entirely independent so refund times depend upon their staffing, policies and often what credits and other information is reported. 
The IRS website FAQ says that after ID verification, it can take "up to 9 weeks" to finish processing the return.  However, it can often be less than that.  I guess that's why they say "up to."  Ther... See more...
The IRS website FAQ says that after ID verification, it can take "up to 9 weeks" to finish processing the return.  However, it can often be less than that.  I guess that's why they say "up to."  There's no way to know in any one case.
TurboTax entry on Minnesota state form was full year resident. Should this be changed?
I have a 1099R with 200,000 in box 1, and 50,000 in box 2a (obviously fake numbers).  In the 1099R Summary form, lines 25 and 25a seem correct.  They show 200,000 and 150,000 respectively.  I rolled ... See more...
I have a 1099R with 200,000 in box 1, and 50,000 in box 2a (obviously fake numbers).  In the 1099R Summary form, lines 25 and 25a seem correct.  They show 200,000 and 150,000 respectively.  I rolled over 150,000 of the 200,000, and the remaining 50,000 is taxable.  However, lines 26a and 26b seem incorrect to me.  26a shows 50,000, but 26b is 100,000.  It seems to have subtracted the 50,000 taxable amount from the amount rolled over.  32a and 32d both show $0, which also doesn't seem correct.  Is it possible that lines 26a and 26b are not calculated correctly?
Do we have updates on this investagtion?
@amy  815PM Mar 6 - still no update, problem still persists.   Spoke with a TurboTax support rep who was extremely nice and tried very hard to help. But they gave a lot of incorrect and misleading... See more...
@amy  815PM Mar 6 - still no update, problem still persists.   Spoke with a TurboTax support rep who was extremely nice and tried very hard to help. But they gave a lot of incorrect and misleading info: 1) blamed the version of the computer OS (!), 2) blamed a mismatch in the name/middle name on the Federal info with what was on the 1099-Q (there wasn't one), 3) tried to say one could upload a PDF of the 1099-Q rather than direct entry (you can't), and so on. Overall, over an hour on the phone (again). They did, however, get confirmation finally from their backend support that this really is a Turbo Tax bug and not a State of Oregon issue. Like others have said, they were not able to offer a timeline for the fix. She gave me refund in excess of what I was asking for the grief. I'm probably going to file this return by mail.   I suggest every single person experiencing this problem do what I just did and demand a partial refund as well.   I remain appalled at how bad this has been.
So glad to find this thread. This happened to me too.   At every turn, Turbo Tax tried to upsell me from DIY to Expert Assist. I kept declining, but somehow when I paid, I was charged for Expert As... See more...
So glad to find this thread. This happened to me too.   At every turn, Turbo Tax tried to upsell me from DIY to Expert Assist. I kept declining, but somehow when I paid, I was charged for Expert Assist. I noticed this *before* I filed, called customer service and was given a link to request a refund for the extra amount charged beyond the DIY price.   Despite *never* using Expert Assist and requesting a refund before filing my taxes, Turbo Tax denied my refund claiming I'd used the Expert Assist service. 🙄 There seems to be no recourse: no one to call or file a complaint to.    I've been a loyal Turbo Tax customer for over a decade. But like others on this thread, I will no longer be using Turbo Tax in the future. 
1.  I am the trustee of my uncle's (passed away). 2. His trust owns a percent ownership of a shopping mall (mall) 3. The mall management co. (mgtco) sent me a K-1 (K-1 Mall) to use for the Trust's ... See more...
1.  I am the trustee of my uncle's (passed away). 2. His trust owns a percent ownership of a shopping mall (mall) 3. The mall management co. (mgtco) sent me a K-1 (K-1 Mall) to use for the Trust's taxes. 4. I then received a K-1 for the beneficiaries (K-1 Benef) 5. Question: Do I need to send all beneficiaries BOTH K-1s or only the K-1 Benef?   First time with K-1s and it's so confusing (at least to me). Thank you in advance to anyone that can help me!   Best Regards. 
In what situations does one choose "Yes" to the question:   Answer Yes if there is basis that carries forward into the current year (from line 14 of the individual's most recently filed prior Form ... See more...
In what situations does one choose "Yes" to the question:   Answer Yes if there is basis that carries forward into the current year (from line 14 of the individual's most recently filed prior Form 8606), otherwise answer No.    "Did [Name] make any nondeductible IRA contributions to your traditional IRA from 2024 or prior years?  What does selecting Yes vs No do here at the form level?"   Selecting Yes allows you to enter or confirm the amount that carried forward to the current year so that it can appear on Form 8606 line 2.  Selecting No causes 2025 TurboTax to silently delete any basis information that carried forward from 2024.  (TurboTax should probably eliminate this question and just ask for the amount of basis that carried forward from the previous year.)   If an  individual has a zero balance in traditional IRAs at year-end, there will be no basis left for that individual to carry forward to the next year.
I'd like to buy Turbotax 2024, I haven't filed it yet.  Where can I buy the 2024 version?  My online Turbotax dashboard only lets me start a 2025 version, it won't let me backtrack to file a 2024.  P... See more...
I'd like to buy Turbotax 2024, I haven't filed it yet.  Where can I buy the 2024 version?  My online Turbotax dashboard only lets me start a 2025 version, it won't let me backtrack to file a 2024.  Please help.  Thank you.
Para poder hacer la declaración de impuestos de un año atrasado