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4 weeks ago
A HELOC is a Home Equity Line of Credit. If it is just a normal mortgage you would answer No, If the loan is a HELOC, the deduction are limited unless the funds are used specifically to buy, build,...
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A HELOC is a Home Equity Line of Credit. If it is just a normal mortgage you would answer No, If the loan is a HELOC, the deduction are limited unless the funds are used specifically to buy, build, or substantially improve the home that secures the loan.
4 weeks ago
A suggestion would be to got to a IRS Tax Assistance Office to get this rectified. https://www.google.com/url?sa=i&source=web&rct=j&url=https://apps.irs.gov/app/office-locator/&ved=2ahUKEwjQ2rC-0rS...
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A suggestion would be to got to a IRS Tax Assistance Office to get this rectified. https://www.google.com/url?sa=i&source=web&rct=j&url=https://apps.irs.gov/app/office-locator/&ved=2ahUKEwjQ2rC-0rSTAxVymGoFHX44ISQQy_kOegQIARAB&opi=89978449&cd&psig=AOvVaw2qnMik1SkLhy7MPZYibVRM&ust=1774307992899000
Appointments required.
4 weeks ago
thank you I will try if I can force the number to be zero
4 weeks ago
Where to exactly type the 1291 tax amount from 8621 form on turbo tax online ?
4 weeks ago
To check the status of your TurboTax 5-day early deposit, monitor the IRS website to check the status of your return, the direct deposit should arrive 5 days before the date on the IRS page. You wil...
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To check the status of your TurboTax 5-day early deposit, monitor the IRS website to check the status of your return, the direct deposit should arrive 5 days before the date on the IRS page. You will also get an email notification from TurboTax and you can track the status in the deposit in your TurboTax account.
4 weeks ago
Where to type the 1291 Tax from 8621 form on turbo tax online?
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4 weeks ago
One more question. We will claim him as a dependent on our report and report the 1095A under his SSN. Should he, on his own return(which he will check that he is claimed as a dependent by us) also r...
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One more question. We will claim him as a dependent on our report and report the 1095A under his SSN. Should he, on his own return(which he will check that he is claimed as a dependent by us) also report the 1095-A?
4 weeks ago
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4 weeks ago
it's hard to find the page where I can enter estimated federal tax paid for 2025
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4 weeks ago
Please contact our phone support team as they will be able to assist you further.
4 weeks ago
Please make sure that you don't have any security/anti-malware software on your computer that's blocking TurboTax. You also might want to try restarting the program as an administrator. To do this, r...
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Please make sure that you don't have any security/anti-malware software on your computer that's blocking TurboTax. You also might want to try restarting the program as an administrator. To do this, right click on the TurboTax icon and select "Run as Administrator".
If you are still not able to resolve this issue, please contact our phone support team for more assistance.
4 weeks ago
I would like to transfer medical expenses to spouse
4 weeks ago
Thank you for taking your time to review my doc. It is a relief and i really appreciate your help. Best wishes.
4 weeks ago
OK, thanks for your feedback. Looks like it is the best choice to claim him as a dependent and get the $500 dependent credit at least. Thanks. 🙂
4 weeks ago
Hi - I do not see the question "I need to adjust taxable interest" on the 1099-INT screens. All I see is Boxes 1 and 3 with the checkbox "My form has info in other boxes (this is uncommon)". I chec...
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Hi - I do not see the question "I need to adjust taxable interest" on the 1099-INT screens. All I see is Boxes 1 and 3 with the checkbox "My form has info in other boxes (this is uncommon)". I check the box because I do have a bond premium in Box 11. However, there is no input field labeled "accrued interest paid". it is not under uncommon situations. Where do I see "I need to adjust taxable interest"?
4 weeks ago
Just report the K-1 info on my 1040 return. Thanks.
4 weeks ago
To enter a gain from the sale of personal items on eBay in TurboTax Deluxe 2025 Desktop and report it on Schedule D, follow these steps: 1. Go to the Investments Section: Navigate to the Federal T...
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To enter a gain from the sale of personal items on eBay in TurboTax Deluxe 2025 Desktop and report it on Schedule D, follow these steps: 1. Go to the Investments Section: Navigate to the Federal Taxes tab, then select Wages & Income and find the section for Investments and Savings. Select Start or Add Investments. 2. Enter Investment Sales: Choose to enter sales one by one. 3. Select Investment Type: Even though these are personal items, enter them as a sale of property, such as collectibles or other capital assets. 4. Enter Sale Details: On the sale details screen, enter the description, date acquired, date sold, sale proceeds (after fees), and your cost basis (original cost plus any related expenses). 5. Schedule D Reporting: TurboTax will automatically generate Schedule D and Form 8949 to report your gain. Since your gain is about $500 and no 1099-K was issued, reporting the sale this way correctly reflects the capital gain on your tax return.
4 weeks ago
I'm logging into TurboTax online so I assume it is the latest. It should show up on the Credits page on my MD State form. But there is no option to enter it.
4 weeks ago
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No, in this case- New Hampshire does not have a personal income tax so you would not have to file a state tax return. If it were a state with an income tax, you would have to check the filing thresh...
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No, in this case- New Hampshire does not have a personal income tax so you would not have to file a state tax return. If it were a state with an income tax, you would have to check the filing threshold for that specific state to determine if you needed to file the state return.
4 weeks ago
Turbo tax is ignoring "Section 1256 Option Contracts" at the bottom of import Form 1099-B from Fidelity. I tried to enter it manually but it is very confusing. I went to "Contracts and Straddles"....
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Turbo tax is ignoring "Section 1256 Option Contracts" at the bottom of import Form 1099-B from Fidelity. I tried to enter it manually but it is very confusing. I went to "Contracts and Straddles". There are 4 options: - Mixed Straddle election - Straddle-by-straddle identification election - Mixed straddle account election - Net Section 1256 contracts loss election There is no instructions on which one to choose. I picked the last one based on some online post. Now, there are again more 5 options to choose from with no help. I choose "Section 1256 contracts marked to market". I entered Broker, description (enter amount here since my form had amount instead of description), Gain and Losses (#11) and click Done. Now it asks "Amount to be Carried Back", which I have no idea what it means. These are losses I incurred in 2025 on closed contracts. If I leave it blank, no forms show up in my "Investments and Savings" section It will be so much better if Turbotax could auto import this and we don't have to worry about all these details
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