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I entered 1099-B showing a long term gain on sale of mutual fund.  The fund was held over 12 months. Filed as MFJ with taxable income of $69,000.  The gain should be 0.00 tax.  It shows on our 1040 ... See more...
I entered 1099-B showing a long term gain on sale of mutual fund.  The fund was held over 12 months. Filed as MFJ with taxable income of $69,000.  The gain should be 0.00 tax.  It shows on our 1040 form as income subject to tax.  Please explain
I have a license code for TurboTax Deluxe 2023 (Mac). How to download this software?  This page shows only 2024-2025 https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/
I own a vacation home on which I have an operating loss. TurboTax desktop is correctly using Form 8582 part II to determine that because of my income, I cannot use any of the loss this year.  Line 9... See more...
I own a vacation home on which I have an operating loss. TurboTax desktop is correctly using Form 8582 part II to determine that because of my income, I cannot use any of the loss this year.  Line 9 reads 0. But then back on Schedule E, Line 22, the limitation is ignored and the entire loss is allowed.  And the loss then shows up on Line 8 of the 1040. This appears to be a bug in TurboTax.  Am I correct?
@Sbrown140 wrote: Why then does it state in the IRS that you can deduct tips without a 1099 as long as you keep detail;ed records of which i do  have? Can you post a link to where it says ... See more...
@Sbrown140 wrote: Why then does it state in the IRS that you can deduct tips without a 1099 as long as you keep detail;ed records of which i do  have? Can you post a link to where it says that?  You can definitely never deduct anything that is not included in income to start with, so you would have to declare the tips as income before you could deduct them.  But the regulation is pretty straightforward.  You would have to report the tips on form 4137, but I don't think you can access that form in Turbotax unless you have a W-2.  I have already asked for a review.  You should see if you can report your tips on form 4137.    "Section 224(a) allows qualified tips to be deducted if they are included on Form W-2, “Wage and Tax Statement;” Form 1099-NEC, “Nonemployee Compensation;” Form 1099-K, “Payment Card and Third Party Network Transactions;” Form 1099-MISC, “Miscellaneous Information;” or Form 4137, “Social Security and Medicare Tax on Unreported Tip Income.” Employees that enter a Tipped Employee Participation Agreement as part of the IRS Tip Rate Determination Agreement (TRDA) program or a Model Gaming Employee Tip Reporting Agreement as part of the IRS Gaming Industry Tip Compliance Agreement (GITCA) program report their tips according to tip rates established under their agreement (and these tips are included on Form W-2). The proposed regulations would clarify that the term “qualified tips” for employees participating in the TRDA or GITCA program includes tips reported using the tip rates established under their agreement and additional tips reported on Form 4137." https://www.federalregister.gov/documents/2025/09/22/2025-18278/occupations-that-customarily-and-regularly-received-tips-definition-of-qualified-tips  
The overpayment  of state taxes from your 2024 tax return that you applied to 2025 will serve as a credit against your 2025 state tax liability and has to be entered in TurboTax in the Federal sectio... See more...
The overpayment  of state taxes from your 2024 tax return that you applied to 2025 will serve as a credit against your 2025 state tax liability and has to be entered in TurboTax in the Federal section. It will then flow through to the state return.   You can enter the amount applied to your 2025 state tax by following these steps:   In TurboTax Online, open your tax return Click on Federal in the left-hand column, then Deductions & Credits on top of the screen Scroll down and locate the section named Estimates and Other Taxes Paid and click on the arrow on the right Click on Start next to Income taxes Paid On the next page, click Start next to 2024 refund applied to 2025 and click on the arrow on the right Click Start next to 2024 refund applied to 2025 state taxes
To post a Form 1099- DIV Under Federal Select Wages & Income,  Scroll to Interest and Dividends, and  Choose Interest on 1099- Div On the import screen select Enter it Myself. Cho... See more...
To post a Form 1099- DIV Under Federal Select Wages & Income,  Scroll to Interest and Dividends, and  Choose Interest on 1099- Div On the import screen select Enter it Myself. Choose [+ Add Investments] Post the 1099-DIV  
TurboTax imports my 1099-R just fine, but it does not import the data that are under my wife's SSN, even though they should go on the return. How should I approach that? Thanks.
Ok, so if this is a browser/computer/installation issue, and several people are reporting the same issue, and you are the company that wrote the software then you should have a software solution inst... See more...
Ok, so if this is a browser/computer/installation issue, and several people are reporting the same issue, and you are the company that wrote the software then you should have a software solution instead of just throwing out the same ideas to everyone. Can we submit our tax forms via e-file and be confident that the forms will be sent properly?
I'm working my way through TTax 2025 Premier. On the page "Other Interest and Dividends," the seller-financed box is checked, and I cannot remove the check, even when I have ticked the "None of the a... See more...
I'm working my way through TTax 2025 Premier. On the page "Other Interest and Dividends," the seller-financed box is checked, and I cannot remove the check, even when I have ticked the "None of the above" box. What should I so? Thanks,
Yes, you can claim your NY property and school tax as an itemized deduction.  Itemized expenses include mortgage interest, gambling losses within limitations,  charitable contributions, state and loc... See more...
Yes, you can claim your NY property and school tax as an itemized deduction.  Itemized expenses include mortgage interest, gambling losses within limitations,  charitable contributions, state and local taxes up to $40,000, medical expenses in excess of 7.5% of your AGI and federally declared casualty and losses.      Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses or your property taxes.    The 2025 Standard Deductions are as follows: Married Filing Joint (MFJ)              $31,500 Married Filing Separate (MFS)      $15,750 Head of Household (HOH)             $23,625  Single                                                 $15,750                                 Blind or over 65 and MFJ or MFS add $1,600 Single or HOH if blind or over 65 add $2.000 Standard Deduction vs. Itemized Deductions: Which Is Better?  
I received 3 W2 from same employer. Same control number. Same OMB number. same  First W2, has all boxes with information. Other 2, are blank from box 1-13, and each of them have different items and... See more...
I received 3 W2 from same employer. Same control number. Same OMB number. same  First W2, has all boxes with information. Other 2, are blank from box 1-13, and each of them have different items and numbers in 14-other. Should I upload the 3 forms to turbotax? and how should i complete the information? Thank you very much!
Below is a link to the IRS web site re the options you may have for filing:   https://www.irs.gov/instructions/i1041#en_US_2025_publink1000286018   Generally, though, if you give the EIN of the t... See more...
Below is a link to the IRS web site re the options you may have for filing:   https://www.irs.gov/instructions/i1041#en_US_2025_publink1000286018   Generally, though, if you give the EIN of the trust to payors and they issue a 1099 to the trust with the trust's EIN, you need to file a 1041 and a grantor letter containing the items of income which you would then report on your personal income tax return.
Why then does it state in the IRS that you can deduct tips without a 1099 as long as you keep detail;ed records of which i do  have?
I suggest you delete the state return. Then, make sure the program is up to date. Then do the state return again. 
As i previously stated,when, i click on the box that asks if tips are included in the wages i reported,it gives a message that says that they are not allowed at this time and to check back for update... See more...
As i previously stated,when, i click on the box that asks if tips are included in the wages i reported,it gives a message that says that they are not allowed at this time and to check back for updates to TT.My question is ,will TT be updated to reflect this for this year tax filing season?  
That is a reasonable way to handle NY part year residency.
You do not depreciate your home unless it is a rental property.  If it is a rental property, you would add the cost of the improvements to your cost basis (what you paid for the home) to determine yo... See more...
You do not depreciate your home unless it is a rental property.  If it is a rental property, you would add the cost of the improvements to your cost basis (what you paid for the home) to determine your basis for depreciation.  If you sold your home, you add the cost of improvements to what you paid for the home to determine your basis and calculate any gain on the sale.
Go to this TurboTax website to download the 2025 TurboTax desktop edition you purchased - https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/
If you are using TurboTax Online, you cannot prepare and file a tax return for another person using an existing TurboTax account. You'll need to create a new account, distinct from the account you us... See more...
If you are using TurboTax Online, you cannot prepare and file a tax return for another person using an existing TurboTax account. You'll need to create a new account, distinct from the account you used to file the first return.   If you are using TurboTax Desktop, you can start a new return by clicking on Start a new return on the Welcome page of TurboTax.   Please read this TurboTax Help topic on how to start a new tax return for another person.