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a month ago
1 Cheer
<<<<<Yeah...I changed my response>>>>> Kind-of shows in a page following the Deductions&Credits page on the Desktop software....but not specifically labelled as such:
a month ago
@difranza03 , you misunderstand the bug. That the Rollover box on line 4c was being marked instead of the Rollover box on line 5c. That bug has been corrected. A code-H distribution is reportable ...
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@difranza03 , you misunderstand the bug. That the Rollover box on line 4c was being marked instead of the Rollover box on line 5c. That bug has been corrected. A code-H distribution is reportable on line 5a/b/c not on line 4a/b/c.
a month ago
Unfortunately, once the IRS has ahold of the tax return TurboTax can't monitor what they're doing with it. @LindaS5247 has posted a list of the seven common reasons that your return is delayed at th...
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Unfortunately, once the IRS has ahold of the tax return TurboTax can't monitor what they're doing with it. @LindaS5247 has posted a list of the seven common reasons that your return is delayed at the IRS but all we can really do is speculate on it. You will have to contact the IRS directly in order to find out what they are doing with your return.
a month ago
Investment sales are reported on Schedule D and on Form 8949. Using the TurboTax online editions you will have to use the Premium edition.
To enter an investment sale -
Click on Federal Taxe...
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Investment sales are reported on Schedule D and on Form 8949. Using the TurboTax online editions you will have to use the Premium edition.
To enter an investment sale -
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) Under Investment Income On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B, 1099-DA), click the start or update button
a month ago
Tried to fix this numerous times and the final solution that WORKED was to go back to the federal section with Form 1099-Q info. and completely delete the form and re-enter the data manually. Once I ...
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Tried to fix this numerous times and the final solution that WORKED was to go back to the federal section with Form 1099-Q info. and completely delete the form and re-enter the data manually. Once I did that both the federal and final checks went smoothly. Good luck.
a month ago
It depends. If you are entering the sale on your dad's tax return it depends on whether this was his main home or a second home.
To report a sale of your dad's main home follow these steps:
...
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It depends. If you are entering the sale on your dad's tax return it depends on whether this was his main home or a second home.
To report a sale of your dad's main home follow these steps:
TurboTax Desktop or TurboTax Online: Search > Type sale of home > Click the Jump to... link and follow the screens
To report the sale of a second home (includes a mobile home) that was not the main home, it would be reported using the steps below.
To enter your sale in TurboTax, follow these steps.
Open or continue your return.
Navigate to the investment sales section:
TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
TurboTax Desktop: Search for investment sales and then select the Jump to link.
Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (select this option)
Answer Yes to the question Did you sell any of these investments in 2025?
If you land on the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
Click this link for more information. Where do I enter Investment Sales?
Any gain will be recognized, however a loss will not be allowed because it is the sale of personal use property.
a month ago
I received 1099 B from Schwab. This year for the first time there is a short term entry for SPDR gold minishares ETV. There are 5 entries, all with different dates of sale, but none list a date of ...
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I received 1099 B from Schwab. This year for the first time there is a short term entry for SPDR gold minishares ETV. There are 5 entries, all with different dates of sale, but none list a date of acquisition. Gross proceeds on each are less than ten cents. Cost /basis is "Not Provided", and the realized gain/loss is blank. However, the TOTAL realized gain/loss is actually negative 33cents. In reading up on this, it seems these are small sales to cover fees, and are actually a return of capital (There is actually a "P" in each unlabeled column just before the date sold column. ) My problem is that on TT desktop, it says these all need to be reviewed, and it wants dates of acquisition and cost basis. I did check the boxes that say something about "no date provided" and cost box is "blank", but TT still wants me to review and fill these in. Should I just proceed and leave them exactly as on the 1099-B? Oh, and these are all listed as "Basis is missing and not reported to IRS", and that is the section where I added the info into Turbotax. I also wonder if this is going to come back to haunt me in the future. I am not really into doing a lot of messing around with tax filing. 😐 Thanks for help! Mj
a month ago
Leave boxes 15, 16 and 17 blank (empty) on the TurboTax W-2 if there are no taxes withheld in box 17.
a month ago
Box 12 shows 16926.19 and when entering amount of extra contribution shows only 2,600 and does not allow changes. What should I do? Thanks
Topics:
a month ago
what forms are used to report capital gains?
Topics:
a month ago
can you claim the overtime for your 2025 taxes
Topics:
a month ago
I need help with the software itself, not tax code. But I can't figure out how to solve this without having to pay to talk to an expert.
Topics:
a month ago
I am not able to put an amount for property taxes paid on our principal home. I go to the field and it has 0.00 and I cannot enter anything. I do not know how to fix this
a month ago
Why am I only allowed to file 2 e filed returns with my software. I filed 3 other paper returns
but my software says I have reached my 5 e file limit? I called about this last Thursday March 12
...
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Why am I only allowed to file 2 e filed returns with my software. I filed 3 other paper returns
but my software says I have reached my 5 e file limit? I called about this last Thursday March 12
and received an incident number [phone number removed]. Spoke with Tina who was supposed to
connect me with a supervisor but no one picked up the call. I need a supervisor to contact
me with an explanation for my problem and a way to solve it. I only prepare tax returns for
family and friends and do not charge a fee. I have used Turbo tax software since 2012 and this
is the first time this has ever happened.
thank you,
Alan [removed]
a month ago
1341403 token now im stumped on what to put for summary of taxes paid to other states any help! thank you
a month ago
I had the file found, went thru the import process several times. There are moving bars showing that something may be imported but when I go to start the 2025 return, everything is blank. Was hopin...
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I had the file found, went thru the import process several times. There are moving bars showing that something may be imported but when I go to start the 2025 return, everything is blank. Was hoping to not start reloading everything manually but does not look like I have a choice. Again, disappointed in this years product.
a month ago
When I get to my Filing screen, says I have to print out the return and send in. No way!?
a month ago
You'll enter the CPP payment in the Social Security (SSA-1099) section.
Enter the CPP payments as if they were reported on a Form SSA-1099.
Go to Wages & Income
Scroll to Retirement Plans ...
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You'll enter the CPP payment in the Social Security (SSA-1099) section.
Enter the CPP payments as if they were reported on a Form SSA-1099.
Go to Wages & Income
Scroll to Retirement Plans and Social Security
Select Social Security (SSA-1099, RRB-1099)
Enter the CPP information from your form into the corresponding boxes.
If you have multiple CPP's, combine the totals for each box.
a month ago
The Second Lowest Cost Silver Plan (SLCSP) premium in column B of your form 1095-A is incorrect if:
Part III, Column B has a “0” or is blank for any month someone in your household had the M...
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The Second Lowest Cost Silver Plan (SLCSP) premium in column B of your form 1095-A is incorrect if:
Part III, Column B has a “0” or is blank for any month someone in your household had the Marketplace plan
You had changes in your household that you didn’t tell the Marketplace about — like having a baby, moving, getting married or divorced, or losing a dependent
If either applies to you, you’ll use the government's tax tool to get the premium for your second lowest cost Silver plan and fill that cost in column B of form 1095-A. Failure to do this will result in a wrong calculation of the premium tax credit.