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I've been using Premier since about 2015 because the packaging since then implies that Deluxe stopped supporting imports to Schedule D  (cap gains/losses from stock/mutual fund sales), and I wasn't w... See more...
I've been using Premier since about 2015 because the packaging since then implies that Deluxe stopped supporting imports to Schedule D  (cap gains/losses from stock/mutual fund sales), and I wasn't willing to chance needing to upgrade.     Edit:  I googled some more, and it seems like Deluxe will allow manual entry of stock sales, so OK for a few transactions.  I just tried FreeTax USA to see how that compares, and their "import" had me checking more than 20 sales of one mutual fund (each lot listed separately, lots of them because of dividend reinvestment.)  To save time, it suggested deleting the import and manually entering "summary" data.  I gave up after that.  
Realistically, there are delays every year while CRA gets their forms in order. Sometimes Parliament doesn't get the tax laws changed in enough time. Once CRA approves the forms, the tax firms, like ... See more...
Realistically, there are delays every year while CRA gets their forms in order. Sometimes Parliament doesn't get the tax laws changed in enough time. Once CRA approves the forms, the tax firms, like Turbotax, can finalize their software.
I tried splitting into two separate 1095-A's and it worked.  Thanks for the great suggestion!   I do have a couple questions.   1) You mention that the policy number doesn't go on the return, but... See more...
I tried splitting into two separate 1095-A's and it worked.  Thanks for the great suggestion!   I do have a couple questions.   1) You mention that the policy number doesn't go on the return, but actually it does, on form 8962 line 30(a). It also goes on the same spot on the other tax family's return.  I assume that this is to coordinate the allocations.  It it enough to be sure that both returns use the same number?   2) On a related note about policy numbers, the instructions say to use the last 15 digits of the policy number if more than 15 digits.  That's what I did.  But if I add "a" and "b" to the last 14 digits and use those, will the IRS systems still be able to reconcile my filing with the 1095-A data that they receive from the insurer?   @AmeliesUncle 
I got a letter from NY state that my tax is adjusted. I checked the tax table of NY state and found that the TurboTax doesn't calculate the tax right for the AGI higher than 107650 and the taxable inc... See more...
I got a letter from NY state that my tax is adjusted. I checked the tax table of NY state and found that the TurboTax doesn't calculate the tax right for the AGI higher than 107650 and the taxable income (line 38) is less than $161,550. Does anyone see similar thing?
My income is almost the same as last year and this year I lost the senior circuit breaker tax xredit
I need to change account number 
That was dumb of them since only 1 1099-R was required. On the first 1099-R, you indicate that the box 1 amount was an RMD and that the entire gross amount applies to the RMD. Do the same with the QC... See more...
That was dumb of them since only 1 1099-R was required. On the first 1099-R, you indicate that the box 1 amount was an RMD and that the entire gross amount applies to the RMD. Do the same with the QCD, but indicate the amount of the QCD. The totals of box 1 for both should equal the RMD for the year.   The other workaround would be to combine the amounts in each box on the two so there would be only 1-1099-R in Turbotax.
You are noticing this because Michigan is currently in the middle of a multi-year phase-out of the "Retirement Tax." Under the "Lowering MI Costs Plan" (Public Act 4 of 2023), Michigan is rolling bac... See more...
You are noticing this because Michigan is currently in the middle of a multi-year phase-out of the "Retirement Tax." Under the "Lowering MI Costs Plan" (Public Act 4 of 2023), Michigan is rolling back the 2011 rules that taxed private pensions and 401(k) withdrawals for younger retirees. Because it is now the 2025 tax year, you are seeing a much larger deduction than in previous years.   Gov. Whitmer Signs Lowering MI Costs Plan into Law, Cutting Taxes by $1 Billion for Working Families and Seniors   The new law expanded eligibility to almost everyone born before 1967 for the 2025 tax year. For 2025, you can deduct 75% of the maximum allowed retirement subtraction.   For a joint return, this deduction can be as high as $92,277. If you and your wife file jointly, Michigan allows you to use the birth year of the older spouse to determine your eligibility and your deduction limits. If either of you was born before 1967, your combined retirement income (including private pensions, IRAs, and 401(k)s) qualifies for this significant subtraction.
How long did it take for you to receive your check? I made an error with account number and I'm trying to see if they've issued a check yet. I don't have any information about anything. I have to cal... See more...
How long did it take for you to receive your check? I made an error with account number and I'm trying to see if they've issued a check yet. I don't have any information about anything. I have to call the world to figure anything out. Never using turbotax again. 
Thank you for responding so quickly.  I deleted the property in -home sale, closed the program, reopened the program and started over.    I entered "NO" under "Installment sale selling price (will ... See more...
Thank you for responding so quickly.  I deleted the property in -home sale, closed the program, reopened the program and started over.    I entered "NO" under "Installment sale selling price (will the total selling price be determined by the end of the year), I answered the following questions: Principle and Interest received:  (Payment received in 2025) I entered my Payoff amount: $188,294 Received mortgage payment: No Depreciation on installment sale: 0 related party sale: no Debt assumed: 0 and it looped back to the "Installment sale selling price" again...   I really stumped.  Is there anything else you can think of that I'm do incorrectly?
About Publication 527, Residential Rental Property (Including Rental of Vacation Homes)  page 28 states and the worksheet  5-1 begins on page 29: Used as a home and rented 15 days or more. If you... See more...
About Publication 527, Residential Rental Property (Including Rental of Vacation Homes)  page 28 states and the worksheet  5-1 begins on page 29: Used as a home and rented 15 days or more. If you use a dwelling unit as a home and rent it 15 days or more during the year, include all your rental income in your income. Because you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use, as described earlier in this chapter under Dividing Expenses. The expenses for personal use aren’t deductible as rental expenses. If you had a net profit from renting the dwelling unit for the year (that is, if your rental income is more than the total of your rental expenses, including depreciation), deduct all of your rental expenses. You don’t need to use Worksheet 5-1. However, if you had a net loss from renting the dwelling unit for the year, your deduction for certain rental expenses is limited. To figure your deductible rental expenses and any carryover to next year, use Worksheet 5-1.
There is no direct federal tax credit for paying student loan principal, but you can claim a federal tax deduction for up to $2,500 of interest (not the amount of the whole payment) paid on qualified... See more...
There is no direct federal tax credit for paying student loan principal, but you can claim a federal tax deduction for up to $2,500 of interest (not the amount of the whole payment) paid on qualified student loans. This deduction reduces your taxable income, and you do not need to itemize to claim it.   In TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: --Education   -Student Loan Interest paid (form 1098-E) It is an adjustment to income (above the line deduction).
For those who live in California and have GHPP (Genetically handicapped persons program) and HIPR (Health Insurance Premiums Reimbursement), are the reimbursements from the HIPR program taxable?   ... See more...
For those who live in California and have GHPP (Genetically handicapped persons program) and HIPR (Health Insurance Premiums Reimbursement), are the reimbursements from the HIPR program taxable?   These reimbursements are sent to me directly via check. This program reimburses me for medical premiums that are paid by payroll deduction (pre-tax).