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On the K1 it says Fire proceeds from Federally declared disaster zones. This payment qualifies for exclusion from gross income under the Federal Disaster Relief act of 2023 (HR 5863) I plan to file Form 8275 to further explain the payment.

@newusernameagain is it your view that the change has been passed or not? The material you posted indicates the change is pending, but the text of your post, agreeing with @DaveF1006, suggests you think it has passed and is in effect.  At any rate, BillTrack50 (not an official site, I understand), declared this bill dead as of 04/08/2025, the change does not appear in the Comptroller's instructions for 2025, and does not appear in the Comptroller's December 2025 presentation of tax changes for 2025:   https://www.billtrack50.com/billdetail/1762602

If you are using TurboTax Online will populate automatically when you are 65 or older by the end of the tax  year.  Form 1040 and Form 1040 SR are the same, the only difference is that the 1040SR has a larger print.     In TurboTax Desktops software, you can choose to opt into or out of 1040-SR by using this checkbox in Forms mode.   @stepenbarczy 

Helpful TurboTax Articles: What if I can't import my 1099? How can I fix my 1099 import issue? How do I import my 1099s? How do I enter a large number of stock transactions in TurboTax? If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.   To fix this you need to allow TurboTax to securely retrieve your data through your browser settings: Locate the View Site Information icon (the "tune" or "lock" icon) on the far left of your address bar, just before the URL. Find Local Network Access in the dropdown menu. Toggle the switch to ON. Refresh the page and attempt your import again. What do I do when my data isn't imported into TurboTax Desktop even though it says successful import in my browser? If permissions aren't the issue, one of the following factors may be at play: Brokerage Delays: While most forms arrive by January 31, many brokerages delay Consolidated 1099s (like the 1099-B) until mid-February due to complex reporting requirements. Availability: Your brokerage must specifically "release" the import file to TurboTax. If it isn’t ready, we recommend checking back. Connection Blocks: Active VPNs or aggressive Anti-Virus software can occasionally block the import feature between your bank and TurboTax. Try disabling them temporarily or switching to a different browser.

Votre solution temporaire en indiquant $1.00 le formulaire devient correct mais nous sommes pas capable de les envoyer . Indique qu'il y a erreur.  Pourquoi c'est aussi long avant d'avoir la mise à jour alors que vous connaissez le problème? Merci de me répondreé

In most cases, an RL-27 slip is issued for information purposes only. You do not have to enter it on your tax return. However, there are some exceptions:   If you hold a taxi owner's permit and have received an RL-27 slip indicating the allowance paid to compensate for the loss of value of your licence, you must enter the information found on your RL-27 slip in the Self-employment section to reduce the capital cost of the permit and the undepreciated capital cost (UCC) of the amortization category to which the permit belongs.   If you received a payment related to self-employment, you must reduce the amount of the corresponding expense or reduce the capital cost of the financed property, or report it as other income in the Self-employment section of TurboTax.   To switch to the Self-Employment section of TurboTax Online: Click on Find (magnifying glass) in the top right-hand corner.  Type "self" in the box, then select "self-employment" from the list, and click “Go”.   Thank you for choosing TurboTax.

The TurboTax statement refers to other retirement accounts such as 401(k) or 457(b) accounts.   In fact, RMDs required from other types of retirement plans, such as 401(k) and 457(b) plans have to be taken separately from each of those plan accounts.   Please read this IRS FAQ for more information.

Based on your screenshots, you get significant tips at your workplace such that the amount of tips that are reported exceed the taxable wages reported in box 1.  Although the limit of the tip deduction is $25,000, this is still greater than the wages in box 1 which is going to result in no taxable income.  Because of that, the overtime deduction is of no benefit to you anyway because there is already no taxable income on this W2.  You can only use the overtime deduction to offset taxable income on this W2 only.  Go back and edit your W-2, and click through screens until you get to the screen "Let's check for other situations" - uncheck the box for Overtime and if nothing else applies on that screen, select None of these apply to me, then click Continue.  If this W2 is the only income for you, then you will not have any tax liability at all even without deducting the overtime.

Le formulaire LE-35 est une feuille de calcul pour les cotisations RRQ et RPC. L'annexe U calcule le RRQ, le travail autonome et le choix de cesser de contribuer.  Si la ligne 452 de votre déclaration provinciale est bien calculée, c'est ce qui est important.     Merci de choisir TurboImpôt

I used TurboTax 2024 desktop to prepare my 2024 taxes. It resides on my computer. I am using the Mac version. I bought the 2025 Desktop version of TurboTax and installed it.  I tried using the Online version, but I just got to a page that didn't do anything.  I finally gave up and went back to the desktop version.  I got to the part where I designated my 2024 tax file and selected it.  When I hit continue, I get a click or clunk sound and nothing happens.  I ave been using TurboTax for 20 years and this is the first time I have had so much problems getting started.  I don't know what to do.  My Mac is running Sonoma 14.8.4.  I had previously used TurboTax on a different computer that couldn't be upgraded to Sonoma 14.  I transferred my 2024 tax file to my new computer using a USB stick.

To remove an unneeded 1099-DIV in TurboTax Online, follow these steps: 1. Go to the Wages & Income section. 2. Locate the 1099-DIV form you want to delete. 3. Select Edit or the form's summary screen. 4. Look for the trash can icon or Delete option and click it. 5. Confirm the deletion when prompted. This will remove the unwanted 1099-DIV from your tax return.

If you are using TurboTax Online you have to use the same user ID you used for 2024.    Go to your account, select Tax Tools, then Tools.  Click Transfer last year’s TurboTax return. Upload your 2024-tax file. Your data should transfer automatically when you start the new 2025 return. If you are using TurboTax Desktop Open TurboTax 2025 on your computer. Select Start a New Return. Don't click Continue, because the system will search your 2024-tax information automatically. Select Transfer Return to pull in your data. In the following links you will find more detailed instructions you need to transfer your last year return info. How to transfer last year return in TurboTax How to transfer "Last year" Info  

Correct. You should report the interest on your return using the "nominee" adjustment. It sounds complicated, but TurboTax makes it easy. Because the CD was a Payable on Death (POD), ownership transferred to you upon your father's death. Under IRS rules, any income earned after the date of death is taxable to the person who actually owns the asset.    Therefore, any pre-death interest should be reported on your father's final 1040 and post-death interest should be reported by you. Since the CD bypassed probate via the POD designation, the estate never owned the money, so it generally should not be on an estate return.   Here is how to make a "nominee" adjustment in TurboTax:   Go to "Wages & Income", then Investments and savings and select +Add investments  Select, Enter a different way, then Interest on 1099-INT Select, "Type it in myself" Enter the Payer's information and total interest in Box 1 and indicate it belongs to you in the drop down box to the right Check the top box on the next screen "I need to adjust the interest reported on my form", then Continue  Next, enter the interest amount from box 1 again here  Select, "I received all or part of this interest for someone else (I am a nominee), then Continue Next, you will go back and create a new 1099-INT to report the interest on your return  Enter the interest in Box 1. You do not need to use the nominee adjustment for this second entry Ensure you tell your sibling that you are reporting the interest as a nominee on your return so that they do not report it on your father's return

When you enter your Form 1099-B reporting the stock sales, you will see an option that says the cost basis is incorrect or missing on my Form 1099-B. It is on the screen where you enter the proceeds and cost basis. If you check that box, TurboTax will allow you to correct the cost basis. When you click on that option, you will see where you can enter the correct cost basis and a drop down menu where you can click on the option that says Code W (non-deductible loss from wash sale.)