All Posts

OK thanks again Bill. As I continue to reread the instructions (for the umpteenth time as well), I just get more and more confused. The PA Instructions for PA-41 Schedule DD seem to contradict themselves in numerous places, or maybe it's just my somewhat limited knowledge of the tax rules and regs.   For now I guess I'll go with what TT has entered.  

If  / when you get to speak to a human at Intuit, remind them that Microsoft is supporting Windows 10 for most of 2026 and as much as another six years (I continue to get security and bug fix updates - so it's true).   Remind them that Windows 11 adoption worldwide is ~ 50% and actually declining.   And ask them why their 2025 Canadian TTAX product run on Windows 10 - does Canada have immunity to Windows 10 attacks??   I like it when things make sense - and what Intuit has done with TTAX DOESN'T!!   Pete

Unfortunately, you can't change from one version to another, as their codes are not the same. You will need to purchase the TurboTax software that you would like to use, and you can request a refund for the wrong software.   Thank you for choosing TurboTax.

You cannot subtract your Illinois refund from Illinois income if you did not itemize on the federal return in the previous year.  When you take the federal standard deduction, your state tax refund is not considered "taxable income" by the IRS. Because Illinois uses your Federal Adjusted Gross Income (AGI) as the starting point for your state return, the refund is already automatically excluded from your Illinois tax calculation.   

We do not have the information to determine the best filing status. It does take some time to create three tax returns by setting up three different accounts, on your part, in TurboTax Online. It 's important to check state rules if you file jointly or separately and whether you have that option on the state return because each state has their own rules.   Once you see the results from all of the tax returns, you can figure out which way to file based on the overall plus or minus results.  The article below does provide great insight to help you. Review the gains or losses on separate returns because tax law does have penalties for choosing this filing status (credits, deductions, etc). Married Filing Jointly or Married Filing Separately: How should you and your spouse file taxes? How do I switch from filing jointly to filing separately? For TurboTax Desktop once you have your joint return completed you can open Forms, then search for 'What' and select the What-if Worksheet for a view of the difference between filing jointly or separately.

Wait until your federal and state returns are accepted by the authorities before considering an amendment. If you receive a Schedule K-1 in your name with taxable income for any tax year, that must be reported on your individual tax return regardless of the status of the trust. If you receive a K-1 for tax year 2025, that income must be added to your tax return that was already filed.    Whether the Trust issues a distribution of taxable income to you or is issuing its final distribution of taxable income in the closing year will depend on the status of the trust and its tax character; different rules can apply, for example, if the trust is a grantor trust, Subchapter S trust, or some other type. Is there more information you can provide about the trust type and its activities for the year?   Any excess capital losses reported to you above your $3,000/year limited will be carried forward to future tax years; until you report the capital loss carryforward, you will not be able to claim it against future gains. Instructions for filing an amended 1040-X: What should I know before amending my return? Here are some things to know before you begin: Make sure you really need to amend. Wait until your return has been accepted (or mailed if paper-filing). Use the same TurboTax account you used to file your original return. Once you begin your amendment, you'll see your original return. Only make changes to the areas of your return that need amending. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due. Any changes you make to amend your federal return will automatically be transferred over to your state return. TurboTax Help - How do I amend my federal tax return for this year? IRS - Instructions for Schedule K-1 (Form 1041) for a Beneficiary Filing Form 1040

My situation has a little more stuff so i did use help from Turbo tax. I did the 1041 even though I really didn't owe anything. Been doing taxes for a long time so I always try to solve things I can. Thanks for the help!

Passing on my customer experience since there is nothing to be done after filing. I wasted my resources and would hate to see others expend useless energy. I processed my taxes 3 times through different services for accuracy and refund potential. Your service ended up not being able to deliver on what it promised. The only reason your services were used was the purported refund amount.

I, too, sent all our W-2's and 1099 into the IRS and SS with the incorrect dates on the W-2's.  I also distributed them to our employees and they just noticed the error.  How do we fix this and is Turbo Tax going to provide forms for us to send in the correct year.  Please help.  

@user17719726928 wrote: I'm using a different solution next year.  There is nothing like ItsDeductible with the possible exception of third-party solutions.   The main issue currently is the lack of functionality; you can't currently import the data into TurboTax that you entered throughout the year. However, Intuit is working on a solution that would allow importing a common file format, CSV, into the program.   No one is 100% certain when that new functionality will be ready and available. It could be ready before the end of this tax year or for the 2026 tax year (at the latest). Suggest taking a wait and see approach for the 2026 tax year since none of the other tax prep programs have that functionality either.