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a month ago
That would make sense but it’s almost half of the expected amount.
a month ago
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a month ago
The net capital gains tax rate of 0% only applies if your net long-term gains exceed your net short-term losses. This means you had to have held the assets for over a year before selling to qualify f...
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The net capital gains tax rate of 0% only applies if your net long-term gains exceed your net short-term losses. This means you had to have held the assets for over a year before selling to qualify for the 0% rate. If you had net positive gains on assets that you held for less then a year, then that would be a net short-term capital gain, which is taxed at your ordinary income tax rate.
See - IRS topic 409, section Capital gains tax rates
TurboTax, "A Guide to the Capital Gains Tax Rate: Short-term vs. Long-term Capital Gains Taxes"
a month ago
1 Cheer
@fac1012 Sometimes, you might have some empty 1099-INT or -DIV forms that carried over from last year's taxes. Importing the forms this year, may not use those empty forms...thus the later prom...
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@fac1012 Sometimes, you might have some empty 1099-INT or -DIV forms that carried over from last year's taxes. Importing the forms this year, may not use those empty forms...thus the later prompts to enter something on a form that "seems" to be repeating....but is in fact a separate form, so you just doubled-up your entries. If I'm going to import certain forms from my brokerage, I usually delete any empty forms that carried over from the prior year first (Though, I sometimes use the carried-over forms to estimate my tax situation before the brokerage has them ready for import....but then delete whatever forms I used for estimates, before I import the real ones)
a month ago
I took this suggestion and sent a file to the tax agent. I'm using the desktop version with the state of AR. The token id is 171634314-84747663. My email is [email address removed]. I look forwar...
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I took this suggestion and sent a file to the tax agent. I'm using the desktop version with the state of AR. The token id is 171634314-84747663. My email is [email address removed]. I look forward to hearing from you with a resolution.
a month ago
Deleting 8889-S worked for my 2025 1040-SR on 20260214.
a month ago
Box 10b on a SSA1099? Are you sure you are entering a SSA1099 and that you are entering it in the right place?
Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 ...
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Box 10b on a SSA1099? Are you sure you are entering a SSA1099 and that you are entering it in the right place?
Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.
a month ago
There is not a box 10b on a SSA-1099. What form are you trying to enter?
To enter Social Security benefits reported on form SSA-1099
Click on Federal Taxes (Personal using Home and Business)...
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There is not a box 10b on a SSA-1099. What form are you trying to enter?
To enter Social Security benefits reported on form SSA-1099
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On Social Security (SSA-1099, RRB-1099), click the start or update button
a month ago
1 Cheer
I bought this Desktop version of Home & Business since Nov-2025, and feel like begging for every form or waiting for updates. This is so frustrating, many folks already began getting refund on other...
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I bought this Desktop version of Home & Business since Nov-2025, and feel like begging for every form or waiting for updates. This is so frustrating, many folks already began getting refund on other platforms. I used TaxAct for years and switched to TurboTax this time to prepare ahead with Desktop-version, but it seems like I might have made mistake by switching to Turbo now. At least knowing, it is not "only me problem/installation" for 4562 on Desktop version is relief.
a month ago
For Form 5695, in the "Residential Clean Energy Credit" (Part 1) section, I have made solar/battery upgrades for two homes this year. In the IRS instructions, it states the following: "If you made ...
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For Form 5695, in the "Residential Clean Energy Credit" (Part 1) section, I have made solar/battery upgrades for two homes this year. In the IRS instructions, it states the following: "If you made improvements to more than one home, list the complete address of the home with the greatest total cost in the section above Line 1. Then, attach a statement listing the additional addresses to Form 5695." In the Windows desktop version of Turbo Tax Deluxe that I am using, it only allows me to specify one address for this "Part 1" section. (Note, while it likely allows me to specify multiple addresses for the Part 2 "Energy Efficient Home Improvement Credit" section, that's not applicable to me). Further, I can't find any way to attach a statement to Form 5695 as the IRS suggests I need to do. Since there are likely quite a few people in this situation this year, could you simply add a question allowing us to specify some additional addresses and then auto-generate the statement needing to be attached to Form 5695? I saw in another post that in certain areas, you can auto-generate those statements. In the absence of this solution I'm requesting, what can I do? Thanks
a month ago
We are already half way through Feb and here's the message I get:
"Depreciation and Amortization will be ready by February, but likely sooner"
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a month ago
9 Cheers
I had same experience. TurboTax tech support laid a goose egg and left me high and dry. I tried every solution (reinstall, shut off firewall and antivirus, cleared browsing history...hours waste...
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I had same experience. TurboTax tech support laid a goose egg and left me high and dry. I tried every solution (reinstall, shut off firewall and antivirus, cleared browsing history...hours wasted. I found the solution on a websearch....do into control panel, click uninstall a program. Then click on the last version of Microsoft Visual C ++ 2015-2022 Redistributable (x64) and click "Repair." Program immediately worked. No thanks to tech support.
a month ago
I'm having an issue where, Turbotax says I did not qualify for the Lifetime Learning Credit, but as soon as I try to file, it tells me I have to upgrade because I am earning it. The Credit is showing ...
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I'm having an issue where, Turbotax says I did not qualify for the Lifetime Learning Credit, but as soon as I try to file, it tells me I have to upgrade because I am earning it. The Credit is showing up as $0, yet I'm being forced to upgrade. How can this be avoided?
Topics:
a month ago
2025 tax year
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a month ago
A Specified Student
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a month ago
on the tax return
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a month ago
I entered my TSP distribution as required but do not see a question asking if it was rolled over to a traditional IRA. TT only asks if it was rolled over to a Roth. I understand that it Wouk be taxe...
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I entered my TSP distribution as required but do not see a question asking if it was rolled over to a traditional IRA. TT only asks if it was rolled over to a Roth. I understand that it Wouk be taxed if it was rolled over to a Roth but how will the rollover to traditional IRA show on my return? I did not have a taxable amount in 2a. Just wondering it the rollover will get flagged?
a month ago
Thank you so much! I appreciate your help!
a month ago
Enter the Form 1099-R that you received and after entry of the form there will be a screen asking you about an RMD.
To enter, edit or delete a form 1099-R -
Click on Federal Taxes (Personal u...
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Enter the Form 1099-R that you received and after entry of the form there will be a screen asking you about an RMD.
To enter, edit or delete a form 1099-R -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
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