turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

@debert , if what you are trying to do is get the  Home sale gain excluded  ( up to $250,000 per filer ), then you only have to report the sale of the home  in the year it sold ( in your case 2025). ... See more...
@debert , if what you are trying to do is get the  Home sale gain excluded  ( up to $250,000 per filer ), then you only have to report the sale of the home  in the year it sold ( in your case 2025).   TurboTax will ask you if this was your main home, how long did you use it as your main home  and  when did you acquire it.  TurboTax will do the rest.  I am assuming that you have a 1099-S . To be able to exclude the gain, you have to meet the following conditions : (a) At least one of the filers have to have owned the prop. for two years; (b) Bothe filers  must have used the prop. as main home for a total of 763 days  with a look back period of 5 years from the  date of closing of the sale. (c) Neither of you must have availed yourselves of this exclusion in the last two years.   Does this help ?   Is there more  I can do for you ?
@NCperson  I replied to you above if you or someone else could please reply 
I can't find the citation that I am looking for, but I am almost certain that if you were "in business" when the 'work' was created, any royalties from that is still considered as business income.  ... See more...
I can't find the citation that I am looking for, but I am almost certain that if you were "in business" when the 'work' was created, any royalties from that is still considered as business income.   This isn't what I was looking for, but here is a clip from an IRS Audit Guide:   Self-Employment Tax Issues (1) Songwriters are generally considered self-employed individuals. Situations may exist where retired songwriters are receiving royalties from past works. The taxpayer may no longer be active in the business but would still owe self- employment tax on any royalties. There may be circumstances where a songwriter is an employee such as when they perform all or most of their songwriting services through an unrelated employer or through a closely held and controlled corporation of their own. (2) Although royalties may be reported on Form 1099-MISC as royalty income, generally the income should be recognized as self-employment income on Schedule C.   https://www.irs.gov/pub/irs-pdf/p5774.pdf#page=84
Here’s the honest truth: I’ve tried several times, and all my slips are sitting right there in my CRA account. But when I use TurboTax to import them, it only brings in a couple. Even the one T5 slip... See more...
Here’s the honest truth: I’ve tried several times, and all my slips are sitting right there in my CRA account. But when I use TurboTax to import them, it only brings in a couple. Even the one T5 slip that did download came in with different numbers. I used the exact same steps in StudioTax and with Wealthsimple’s software, and everything imported perfectly. So the issue is clearly and strickly with TurboTax’s importer, not CRA or my information. I’ve been using TurboTax for over 30 years, and I’m really disappointed. I’ve noticed these import mismatches for several years now, and nothing has improved. Unfortunately, TurboTax just isn’t as reliable as it used to be. At this point, I’m planning to uninstall it and request a refund. You’d think that if this has been an ongoing problem, it would have been fixed by now.
Thank you, @JohnB5677.   There's another thread about this same topic:  https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-standard-versus-itemized-deduction/01/3843659/highligh... See more...
Thank you, @JohnB5677.   There's another thread about this same topic:  https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-standard-versus-itemized-deduction/01/3843659/highlight/false#M366476   I've actually already posted a file token there.  That was last Wed and there's been no update since then.  I can't tell whether anyone has looked at the file or not.  I'd welcome your follow-up.  (And I think it's in Intuit's interest that someone investigate because this seems to be a meaningful bug.)
this thread is a month old.  I think everyone should have final 1099s by now.
The New Jersey income would likely come from the amount you entered from line 16 on your W-2 form entry. Also, you can look on your Form 1040 to see what income is listed in lines 1 through 8, as adj... See more...
The New Jersey income would likely come from the amount you entered from line 16 on your W-2 form entry. Also, you can look on your Form 1040 to see what income is listed in lines 1 through 8, as adjusted by the amount on line 10. Your federal income will transfer to your state return, with a few possible adjustments.    When you finish your return and pay your TurboTax fee, you can see your New Jersey return Form NJ-1040 line 15 through 26 to see what makes up your New Jersey Income.   To view your form 1040 and schedule 1 to 3:   Choose Tax Tools from your left menu bar in TurboTax Online while working in your program Choose Tools Choose View Tax Summary See the Preview my 1040 option in the left menu bar and click on it Choose the Back option in the left menu bar when you are done   You need to be working in your state tax return to see the state tax summary.      
Pay the penalty now with your return, then submit the waiver. Massachusetts can remove the penalty if you qualify, but if you don’t pay it, you could get additional interest or notices.    If app... See more...
Pay the penalty now with your return, then submit the waiver. Massachusetts can remove the penalty if you qualify, but if you don’t pay it, you could get additional interest or notices.    If approved, the state will refund or adjust it later.    See Massachusetts guidance here. 
Tennessee is not located on box 15 of your IRS form 1099-R because Tennessee does not have a state income tax.   See this TurboTax Help.
I have to file two state returns this year. How can I prevent turbotax premier from populating the second state return with all the federal data
@User[phone number removed] Thank you for trying to help the rest of us. Unfortunately I haven't gotten it to work.... yet. If you'd be willing to answer a few questions, I'd be very appreciative.  ... See more...
@User[phone number removed] Thank you for trying to help the rest of us. Unfortunately I haven't gotten it to work.... yet. If you'd be willing to answer a few questions, I'd be very appreciative.   Context: We have a high school student with independent school tuition, etc. We have a 1099-Q for a 529 withdrawal (max for tax-free).   1. I went into forms and deleted the form with the unfixable TP/SP error. (Oddly, it also had an error for an unanswered question for college students, even though child is clearly identified as highschool, not college. But it allows me to just check that box to correct.) 2. I then had to go through the relevant interview steps - 1099-Q, student info, student $$s (rq'd, and wanted to be sure I didn't create other issues). 3. Got through it all, and the error popped up in the newly generated form. If there is something you recall doing differently or additionally, I'd appreciate any thoughts. I'm glad you got it to work. Thank you!
You may donate clothing and household items.  However, the donation is reported on IRS form 8283 Noncash Charitable Contributions.  The process has not changed for many years.  See this TurboTax Help... See more...
You may donate clothing and household items.  However, the donation is reported on IRS form 8283 Noncash Charitable Contributions.  The process has not changed for many years.  See this TurboTax Help.   The form allows the taxpayer to report the date of donation, how acquired, the donor's cost basis, the item's fair market value and method used for valuation.  You may select Help me value my donations to determine the valuation.
I was just informed that the update has now been scheduled to run on Thursday, March 26th. Update TurboTax on Friday, March 27th and it should be there.   @user17707393480  @viv888 
Maybe you can claim him as a qualifying relative. There are a few tests to pass.  Income - taxable income must be less than $5,300. If only disability or social security is received, there isn't ta... See more...
Maybe you can claim him as a qualifying relative. There are a few tests to pass.  Income - taxable income must be less than $5,300. If only disability or social security is received, there isn't taxable income. For more on all the tests, see this article.
If you live or work in New Jersey your statutory wages would be taxable there, even if they are not listed in your state wages on your W-2 form.
It's not clear if you are using TurboTax Desktop or TurboTax Online. The instructions here for for TurboTax Desktop since the online version should be automatic.    here are a couple of things yo... See more...
It's not clear if you are using TurboTax Desktop or TurboTax Online. The instructions here for for TurboTax Desktop since the online version should be automatic.    here are a couple of things you should do. First close your TurboTax Desktop. Second, check your download folder to see if the Massachusetts (MA) state return did download. If so, with TurboTax Desktop closed, try to install the MA tax return (double click on the file in your folder). Once you follow the screens and it completes you should open your return again and see if the MA state is added to your file, Expect updates to take place.   Please update here if you have additional details to share or need further assistance. 
It turns out the problem was I had a $0 entry for this item on the Schedule C Worksheet. Once I deleted that, the insistence that I file the Form 7205 went away.
How do I e-file (submit) documentation to support my request for a waiver of my underpayment penalty of federal taxes?
TurboTax search gave answer but estimated taxes doesn't show up under Federal then Deductions & credits