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@LindaS5247 - can't be Line 24; has to be Line 18 less Line 19.    Non-refundable credits can't be used to cover SE tax, etc.  (line 23)   The energy credit is the lesser of the energy credit or Line 18 less Line 19, which ever is less. 

A 1099-B, which reports capital gains/losses from a custodial (UTMA/UGMA) account, generally must be filed on the child's own tax return, even if both names are listed, as the child is the legal owner. It cannot be reported on a parent’s return.   No, the amount in Box 1d on Form 1099-B is generally not the amount you  would compare to the $2,700 unearned income limit for filing or the "kiddie tax."  The unearned income amount used to determine filing requirements is the net taxable gain (or loss) from the sale, not the gross proceeds The unearned income for filing purposes is the Net Gain (Box 1d minus Box 1e).    If that is the case than yes, you should expect there to be no income tax owed. However, the transaction must still be reported on the child’s tax return (Form 8949/Schedule D) to properly document the loss.   In general, You should have received a 1099-DIV (or 1099-B for the liquidation) if the account earned over $10 in Dividends or had other reportable sales.  What's the Kiddie Tax?   Please return to Community if you have any additional information or questions and we would be happy to help.

To view your tax forms before filing:   Open your return Select Tax Tools from the menu With the Tax Tools menu open, you can then: Preview your entire return:  Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first). View only your 1040 form:  Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.

No.  There is no tax break for paying down the mortgage on your primary residence with proceeds from the sale of a rental.  The only tax break available when an investment property is sold is deferring the gain via a 1031 exchange.  

Même problème. Revenu Québec a rejeté votre déclaration. TurboImpot a détecté des problèmes qui empecheront la création du fichier requis pour utiliser le service ImpotNet Quebec. Veuillez contacter le service a la clientele.   Quand j'appel, le technicien me mentionne qu'il devrait avoir une explication ou code d'erreur .... NON il n'en a pas ! Il me répond que ce n'est pas possible. Rien ne fonctionne et aucun aide, très frustrant !   J'ai réussi a envoyer au fédéral mais au Québec cela ne fonctionne pas. J'ai pourtant envoyé 6 autres contribuables Fédéral/Québec mais celui la ne fonctionne pas ....    On semble être plusieurs a avoir le même problème. Est-ce possible de nous aider SVP ???

@ jackeda wrote:  Will turbo tx online save my return so I can continue later? No longer having ItsDeductible available has added HOURS to my enter online.  I need to go to bed and continue later.Will all of my details and entries still be there tomorrow?   Online TurboTax saves your work after every screen.  You can come and go.  To exit go to left menu column and scroll down to the tab Sign Out.   While that's the best way to exit, even if you were to close the browser, the work up to that point should be saved.

Don't think of it as a "Rollover IRA".  Instead just think of it as a Traditional IRA.  You can contribute, and if eligible take a deduction for the contribution. To do so:     Navigate to Deductions & Credits Summary Page Next to "Traditional and Roth IRA Contributions" click on Start/Edit/Review Check the box for "Traditional IRA" Indicate it is not a repayment Enter the amount of your contribution in the box according to when you made it Answer "No" to the recharachterization question Continue with questions until you get to the page where you enter the portion of your contribution you want to deduct.

If TurboTax is not letting you continue, you can try the following: Go out of your program and go back in. Clear your cache and cookies. Try a different Web Browser. If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates". If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.

The 'credit for allocated share of tax paid by an electing flow-through entity' is not currently supported.   It is possible to enter the Michigan tax withheld that was reported to you.   In TurboTax Desktop, you may enter the tax payments by following these steps:  Deductions and Credits, then Estimates and Other Taxes Paid, then Estimates, then State estimated taxes for 2025.   In TurboTax Online, follow these steps:   Down the left side of the screen, click on Federal. Down the left side of the screen, click on Deductions and credits. Click the down arrow to the right of Estimates and Other Taxes Paid. Click to the right of Estimated Tax Payments. Click to the right of State estimated taxes for 2025.  

Yes, the annualized method will calculate quarterly payments so that you would be required to make (or have made, if you are using this to lower the tentative penalty for 2025) higher payments during the time of the year when your income is higher and lower payments when your income is lower.    The Federal quarterly estimated tax payments for the 2025 tax year were due on April 15, 2025, June 16, 2025, September 15, 2025, and January 15, 2026.    The dates are the same every year, except that if the due date for making an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that's not a Saturday, Sunday, or legal holiday.   See this IRS FAQ page for more information on estimated taxes.   @TaxFiler5467