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a month ago
TurboTax forces incorrect $0 value for CA Form 568 Schedule IW Line 3 for businesses submitting 'final ever return' - it should be $800.
I am not able to manually override this.
This leads to the cal...
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TurboTax forces incorrect $0 value for CA Form 568 Schedule IW Line 3 for businesses submitting 'final ever return' - it should be $800.
I am not able to manually override this.
This leads to the calculation to suggest a $800 refund is due, which is incorrect. Will likely get flagged in FTB review?
Business in question closed in November 2025, although this is not that relevant.
Any advice appreciated.
Topics:
a month ago
Topics:
a month ago
Hi @SteamTrain and @baldietax , I am using TurboTax Desktop for Windows. I thought it would have shown up in the post. I had to repeatedly enter the platform every time I edited the post, so it ...
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Hi @SteamTrain and @baldietax , I am using TurboTax Desktop for Windows. I thought it would have shown up in the post. I had to repeatedly enter the platform every time I edited the post, so it might have reset on the last update. Wow, that is a weird bug. So basically instead of resetting that last option to Multiple states or a specific state when flipping back and forth, the Multiple states option does not get updated. Thank you for the picture and explanations as it helps understand what was not changing with this bug. I will try it out and report back.
a month ago
It is possible your return will be rejected. If so, you will be able to correct the issue date and resubmit. If your return is accepted with the error, you won't need to do anything. Driver's lice...
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It is possible your return will be rejected. If so, you will be able to correct the issue date and resubmit. If your return is accepted with the error, you won't need to do anything. Driver's license information is just used for security verification.
a month ago
Yes, you can enter the investment sale as follows: You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds...
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Yes, you can enter the investment sale as follows: You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents. Choose Other as the type of investment sold. On the screen that says Now enter one sale for (name of broker), enter the investment sale information requested. Choose Stock (non-employee) for the type of investment. Leave the proceeds box empty and enter the cost of the security in the box 1(e) entry.
a month ago
Hi Do I need to enter an adjustment when filing my CA state taxes or do I skip this question? Box 16 is blank on my 1099-R and Box 1 has my yearly withdrawal amount. My distribution code is a 7 ...
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Hi Do I need to enter an adjustment when filing my CA state taxes or do I skip this question? Box 16 is blank on my 1099-R and Box 1 has my yearly withdrawal amount. My distribution code is a 7 and I withheld state taxes on my withdrawal amount. Doesn't TT already know my distribution amount is the same as my federal distribution amount? Thanks
a month ago
Yes. In the Minnesota part-year return, TurboTax will give you a screen where you allocate income to Minnesota manually.
When you reach the income allocation screen, you’ll see your federal inc...
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Yes. In the Minnesota part-year return, TurboTax will give you a screen where you allocate income to Minnesota manually.
When you reach the income allocation screen, you’ll see your federal income in one column and a blank MN column, enter only the amount earned while you lived or worked in Minnesota.
[Edited 3/16/26 | 3:35 pm PST]
a month ago
In TurboTax Online, you can 'drag and drop' or attach a PDF of a 1099-B. In TurboTax Desktop, you can use the Summary Method to report stock transactions. If you give more details about what you wa...
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In TurboTax Online, you can 'drag and drop' or attach a PDF of a 1099-B. In TurboTax Desktop, you can use the Summary Method to report stock transactions. If you give more details about what you want to attach or include, we'll try to help.
@BillBrewer
a month ago
Topics:
a month ago
The entry on line 7 of the Wages, Salary, and Tips worksheet includes a description/type and amount. The AMOUNT gets transferred to form 1040 line 1h, but the DESCRIPTION/TYPE does not. The form ha...
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The entry on line 7 of the Wages, Salary, and Tips worksheet includes a description/type and amount. The AMOUNT gets transferred to form 1040 line 1h, but the DESCRIPTION/TYPE does not. The form has a line for the description/type and states "Other earned income. Enter type and amount." Is this a software bug?
a month ago
It's not allowing to continue before I fix this in my return.
Topics:
a month ago
Topics:
a month ago
Yeah I tried all that accept for uninstall and reinstalling. I will try that if you really think that will fix it, but was able to just E-File the Fed successfully and then went to do the California ...
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Yeah I tried all that accept for uninstall and reinstalling. I will try that if you really think that will fix it, but was able to just E-File the Fed successfully and then went to do the California state and it failed, its 100% an issue with the California trust return. I just wonder if intuit intends to fix it / release an update or there's no way to know? Probably just the cal state trust forms are out of date but since its a weird return will they even fix it?
a month ago
To prepare a tax return for someone else in TurboTax Online you have to create another account. On the login page that asks for your "Phone number, email, or user ID, look to the bottom of the windo...
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To prepare a tax return for someone else in TurboTax Online you have to create another account. On the login page that asks for your "Phone number, email, or user ID, look to the bottom of the window where it says "New to Intuit? Create an account" Click on that link and create a new account. You will have to use a different account ID. You use the same email address, but not as the user ID.
a month ago
No. However, you do still get a future benefit.
PA only taxes realized income - undistributed capital gains are not recognized usually.
PA didn't receive tax money so you don't get a credit. ...
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No. However, you do still get a future benefit.
PA only taxes realized income - undistributed capital gains are not recognized usually.
PA didn't receive tax money so you don't get a credit.
PA does allow you to follow federal rules and increase your cost basis in the stock by the difference between the gain reported and tax paid. This means your PA gain will be lower when you sell.
a month ago
Hello! I have two dependents that were beneficiaries through a Living Trust that was executed during 2025. After funds were dispensed to all the beneficiaries, we set up CDs for the trust account fu...
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Hello! I have two dependents that were beneficiaries through a Living Trust that was executed during 2025. After funds were dispensed to all the beneficiaries, we set up CDs for the trust account funds for our two dependents. We received Schedule K-1 Form 1041 forms along with 1099-INT for both of them. I was under the impression that all of this would be included with our 2025 filing but it does not appear to be the case. First off, what is the 1099-INT threshold for reporting for a dependent? If the interest earned last year does no exceed that threshold, I will not need to file the two accounts correct? Do I need to do anything with the Form 1041 Schedule K-1 if I don't have to report the 1099-INT? I assume I would enter both the 1099-INT and K-1 together for each dependent if I need to file but I want to make sure I understand this before doing anything. Any insight would be greatly appreciated!
a month ago
Here should be two screen images of the this 1099-DA form entry trouble. Only other form entry trouble is on / about entering data from my printed financial institutions; 1099-DA box 12a and 12b.., ...
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Here should be two screen images of the this 1099-DA form entry trouble. Only other form entry trouble is on / about entering data from my printed financial institutions; 1099-DA box 12a and 12b.., Not seeing T.T. entry space for box 12. Thank you for your time. Jim.
a month ago
When I run the final check of my completed Form 1040 I keep getting an error referring to Form 1099-R box 15. It says the state identifier MI cannot be the same. If I leave the information blank it t...
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When I run the final check of my completed Form 1040 I keep getting an error referring to Form 1099-R box 15. It says the state identifier MI cannot be the same. If I leave the information blank it tells me to fill it in, when I fill it in it tells me it cannot be the same MI. Very circular argument. This is TurboTax Deluxe 2025 and I ran the update software procedure today before I ran into this concern.