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a month ago
1 Cheer
Foreign tax credits have a 10-year carryforward life. This means any excess credits generated in 2015 expire at the end of 2025.
Prepare your 2023 and 2024 amendments to determine what the carr...
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Foreign tax credits have a 10-year carryforward life. This means any excess credits generated in 2015 expire at the end of 2025.
Prepare your 2023 and 2024 amendments to determine what the carryover amounts are after each year. Then prepare your 2025 return and report those carryover amounts for 2023 and 2024 in the carryover screen on your return. Then immediately file your 2023 and 2024 amendments.
If they process your 2025 return first and see a carryover that doesn't match their old 2024 record, they might send a notice. However, once they process the 1040-Xs, the records will align.
a month ago
When you enter your Form 1099-MISC, you need to indicate that the rental income was from rental real estate on the screen that says Source of Form 1099-MISC. You need to then go the Rental Property s...
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When you enter your Form 1099-MISC, you need to indicate that the rental income was from rental real estate on the screen that says Source of Form 1099-MISC. You need to then go the Rental Property section in Wages and Income. There you can edit the property created from the Form 1099-MISC entry and enter in the expenses you had that are associated with it.
a month ago
I have the same problem, @htgreen3, on the same type of system - Surface ARM chipset, Win 11. I've tried the same things, including your suggestions, @mesquitebean. I've had TTax installed for over a...
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I have the same problem, @htgreen3, on the same type of system - Surface ARM chipset, Win 11. I've tried the same things, including your suggestions, @mesquitebean. I've had TTax installed for over a month and nearly finished my taxes. I'm guessing this was either a TTax or Windows update that caused a conflict with the ARM chipset. It's not the first time I've run into a problem with the ARM chipset compatibility. Sure hope this gets fixed quickly!
a month ago
2 Cheers
Turbo Tax, you went from saying before Feb, to Feb 13, to after Feb 13. The forms are out and work with CPA's and every other program. Perhaps I should switch to a new program that lets me actuall...
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Turbo Tax, you went from saying before Feb, to Feb 13, to after Feb 13. The forms are out and work with CPA's and every other program. Perhaps I should switch to a new program that lets me actually work on my taxes.
a month ago
50306
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a month ago
a month ago
Why are you using the "what if" feature? If you are trying to use it to compare MFJ to MFS, when you file married filing separately you cannot get the senior deduction. You only get that deduction...
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Why are you using the "what if" feature? If you are trying to use it to compare MFJ to MFS, when you file married filing separately you cannot get the senior deduction. You only get that deduction for a joint return if you are married.
a month ago
2 Cheers
Yes, it would be unwise to file in this situation, which is why I am pointing out that the software should catch this during the review and prevent the user from filing, or at least flag that somethi...
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Yes, it would be unwise to file in this situation, which is why I am pointing out that the software should catch this during the review and prevent the user from filing, or at least flag that something is missing. As it is, the review is completed, and the user is told that everything looks great.
a month ago
Yes, totally agree, I deleted and re-entered about 4 times, luckily only the non-cash etc., and I had about 6 entries. Yes, quite frustrating, and the reps didn't know any answers as well. I looked...
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Yes, totally agree, I deleted and re-entered about 4 times, luckily only the non-cash etc., and I had about 6 entries. Yes, quite frustrating, and the reps didn't know any answers as well. I looked back at mine, and I only see it included with Federal 1040 not my California state. I feel your pain, fingers crossed for you, and sorry, it was sure not fun to work through the issue. Good luck! EO
a month ago
State taxes paid in 2025 for taxes owed on the 2024 state tax return are entered on Schedule A as an itemized deduction for the federal return.
If you only paid 2024 estimated taxes, including ...
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State taxes paid in 2025 for taxes owed on the 2024 state tax return are entered on Schedule A as an itemized deduction for the federal return.
If you only paid 2024 estimated taxes, including the 01/15/2025 payment, those should not be entered on your 2025 tax return. Review the estimated tax section to see what is entered, if anything, and if the 01/15/2025 payment is listed, remove the payment.
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimates, click on the start or update button
a month ago
And it did create a Schedule E for the federal return, but the federal return that is included with the Georgia return only has the Schedule 1 which does include the rental income on line 5. Just won...
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And it did create a Schedule E for the federal return, but the federal return that is included with the Georgia return only has the Schedule 1 which does include the rental income on line 5. Just wondering if the schedule E should of been included with the Georgia return.
a month ago
What happened for 2024? Did you pay your fees but the return was not filed? That could be because you did not go all the way through the FILE section to e-file. Paying your fees does not file...
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What happened for 2024? Did you pay your fees but the return was not filed? That could be because you did not go all the way through the FILE section to e-file. Paying your fees does not file the return. You have to go all the way through to a big orange button that says "Transmit my returns now" and click it in order to e-file. If you did not click that button, your tax return was not filed.
Or.....was it rejected and you did not notice?
DID YOU E-FILE?
Did you e-file? Did you go through all three steps of the FILE section and click a big orange button that said “Transmit my returns now?”
When you e-file your return you will get two emails from TurboTax. The first one will say your return has been transmitted; the second one will tell you the IRS has accepted or rejected your federal e-file. If you filed a state return, there will be a third email (usually a day or two later) that tells you if the state e-file was accepted or rejected.
Check your e-file status:
https://turbotax.intuit.com/tax-tools/efile-status-lookup/
What does it say in your account? Does it show that the return was accepted? Or does it say something else---like "rejected," "printed," or "ready to mail?”
If you discover or realize that your e-file was rejected, or just never filed, you will need to print it, sign and date it in ink, and file it by mail now, since e-filing is closed for returns for tax year 2024.
Since it appears that you did not file 2024, when you try to e-file 2025 your AGI is not going to be in the system. For e-filing 2025, choose the one that says you did not file last year, or use zero as your 2024 AGI to e-file 2025.
@Ejdinero
a month ago
It is likely that if you did not enter new rental property in 2025, then your depreciation entries would not be affected by the new legislation. If you needed to enter new property, you were informed...
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It is likely that if you did not enter new rental property in 2025, then your depreciation entries would not be affected by the new legislation. If you needed to enter new property, you were informed that the program cannot handle that yet, so you would have been unwise to file your return without entering the new property additions.
@user17704258203
a month ago
I have used Turbotax for a number of years. This year it is asking a number of questions about taxes paid for previous years. Here is one of the questions How much of your 2024 state taxes did you ...
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I have used Turbotax for a number of years. This year it is asking a number of questions about taxes paid for previous years. Here is one of the questions How much of your 2024 state taxes did you pay in 2025? I had taxes due last year. If I answer this question and put in the amount I paid on my 2024 taxes when I filed in April, it generates a credit. I am not sure that I am interpreting this question correctly as those were just 2024 taxes due, I should not get a credit. I don't believe this was a question last year. I have a similar question on estimated tax payments. It seems to be doing the same thing on tax payments. It knows the dates of my tax payments for 2024 and 2025 so it has that collected. But it still comes back and asks if I made an estimated tax payment for 2024 in 2025. Technically yes I did on 1/15/25 but it was for 2024. Again the question is confusing but I made a payment for 2024 in 2025. Again, it seems to give me a credit for 2025 taxes for this 2024 payment. I don't think these questions existed last year. Am I missing something? Thank you
a month ago
3 Cheers
Using TurboTax Premier 2025 Desktop on a Mac, I am able to import 1099s on 3 of my 4 accounts, but the 4th account (which has by far the most transactions) will not import. While there are many trans...
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Using TurboTax Premier 2025 Desktop on a Mac, I am able to import 1099s on 3 of my 4 accounts, but the 4th account (which has by far the most transactions) will not import. While there are many transactions on this one account in 2025, the number of transactions is still much lower than I had in prior years when data imported with no issues. This is the message I get from TurboTax: "This import was unsuccessful. We recommend you check your internet connection and try again. If we still can't get your info, don't worry. We'll help you enter it manually so you can keep working on your taxes." This importing is the primary reason I buy TurboTax, and I will buy other software and TurboTax will lose a 25+ year customer, before I enter manually. How do I get HELP so TurboTax will fix their issue and enable me to import all my 1099s?
a month ago
@user17709929011 Look again at your SSA1099------down in the left corner you should see an amount that says "Includes $xxxx Paid in 2025 for 2024"
a month ago
The other possibility is that you have only $7,000 of compensation to support an IRA contribution.
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