All Posts

Check your 2023 tax return Form 4562 for the business % you entered for the vehicle in that first year - the amount of depreciation will be limited to the business % you reported. You may be able to see your total allowable cost for depreciation by checking Part I - "(b) Cost (business use only)" of Form 4562 for the vehicle's details. If you said that it would be used 50% in business, and the rest personal, then only roughly $34,080 * .5 = $17,040 would be allowed in yearly depreciation and Sec. 179 expense combined.   To print a copy of your 2023 tax return:   To see or print a PDF of your tax return, select your product and follow the instructions. TurboTax Online Open or continue your return. Select Continue or Start on Tax Home to enter your return. Select Tax Tools from the menu. Select Print Center, choose Print, save, or preview this year's return, and follow the instructions.   TurboTax Desktop Open or continue your return. Select File. Select Print/Save for Your Records. Choose to either Save As PDF or Preview Print Copy.   Which screen (title or header) are you seeing the 2-Year comparison on?

You can enter your cost basis (adjusted purchase price) manually to figure any gain/loss on the sale of these assets:    Manually enter your 1099-DA in TurboTax Online by following these navigational steps: Tax Home Federal Wages & Income Investment Income Select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Select (+) Add investments Select Skip Import Select Digital Assets, select Continue Proceed through the question screens to enter all your 1099-DA info. Manually enter your 1099-DA in TurboTax Desktop by following these navigational steps: Federal Wages & Income Select I'll choose what I work on Investment Income Select Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Select (+) Add investments Select Skip Import Select Digital Assets, select Continue Proceed through the question screens to enter all your 1099-DA info. Learn more: TurboTax - Your Crypto Tax Guide

If you have a company covered 401(k) and received a 1099-R that is not related, you do not need to delete the 1099-R summary.   The suggestion to delete was only if you had attempted to create a 1099-R as part of your Traditional IRA conversion, so if you're only seeing the 1099-R that should be there, you're set.

@user17741887275 A warning is not an "alarm", it just the program asking you to double check something, which is why you get the option to ignore it. This is different from an error, which is telling you that something is wrong, and must be fixed.   @Vadodara The person who originally started the thread last year said he resolved the issue - "I found an override for a field for net capital losses applied against taxable capital gains that was causing the problem.  Seems I had change a setting earlier in the menus about this and it did not reset a field properly". Have you checked to see if you had any overrides?      

I do have a problem. I know what scientific notation is. I'm also a software engineer and I know what happened here and I don't trust TurboTax to upload electronic forms to IRS correctly.   I see two bugs here: 1. TT uses wrong kind of intToString function, which falls back to scientific notation when it shouldn't 2. Then, it doesn't support scientific notation in their stringToInt implementation when reads it back   IRS would likely also have bug #2, so there's a good chance my 10^(-4) BTC will be interpreted as ~1 BTC.   Is this a correct place to report bugs in TT?

Thanks for the reply -  Understand what you're getting at, but then CA should leave AGI alone.  But it does not.  On Sch CA Line 4, column C, it adds back the capital loss.  This amount is never subtracted anywhere else.  When the final calculations are done on line 27, my CA AGI now has this capital loss rolled back into it and transfers to line 17.  Either I need to be able to enter this back in manually (which scares me), or it's a programming glitch. The value is getting pulled out because of some tax rule (like limits on LTCG losses for CA) but not being transferred to the right category.   

@momof2annoyed it can be cofusing how to enter a back -door IRA.  I personally screw it up every year.     Follow these instructions:   https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/enter-backdoor-roth-ira-conversion/L7gGPjKVY_US_en_US 

Yes, you can amend a California return multiple times. However, you should wait until the first amended return has been fully processed before amending again and then use the processed first amended return as the starting point.   You can contact the California Franchise Tax Board to check the status of your amended return.   See this help article for the steps to amend a California return in TurboTax.