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Please clarify the source of Schedule K-1 (Form 1065 or Form 1120-S). Also, what code was reported for Box 20?
Maybe because if you are covered by an FSA, you can have an HSA for that month     Can I have an FSA and an HSA? Can I have an FSA and an HSA? Can I have an FSA and an HSA? Generally ... See more...
Maybe because if you are covered by an FSA, you can have an HSA for that month     Can I have an FSA and an HSA? Can I have an FSA and an HSA? Can I have an FSA and an HSA? Generally speaking, you cannot have an HSA and a health FSA at the same time. An FSA is considered additional health coverage by the IRS and would disqualify an individual from opening or contributing to an HSA. However, there are limited exceptions to this. A Limited Purpose FSA (LPFSA) that only covers vision and dental expenses can be paired with an HSA. You may hear LPFSAs sometimes referred to as "HSA-compatible FSAs". A Dependent Care FSA (DCFSA) that covers dependent care expenses that allow an individual to work or look for work is also compatible with an HSA because it is not medical coverage. Also HSA-compatible but less common is a Post-Deductible FSA. Before you hit your minimum deductible for the year, expenses are limited to dental and vision only with this account. Once you hit your minimum HSA deductible for the year, you can use the money from the post-deductible FSA account for all qualified medical expenses
Thank you, Marilyn G1. I had leased the vehicle I now own.  The lease expired on 6/7/2025. I purchased it at the end of the lease, not new, on 6/7/2025. I took depreciation for 6 months in 2025. I ha... See more...
Thank you, Marilyn G1. I had leased the vehicle I now own.  The lease expired on 6/7/2025. I purchased it at the end of the lease, not new, on 6/7/2025. I took depreciation for 6 months in 2025. I had been using the leased car for business from 6/7/2020 when the car was brand new.   I did not take deprecation in 2024. The car was never rented. Should I enter anything in the Rental Section?  I am confused by your suggestion of entering in Rental Section for 2025 depreciation. Pls explain. Thanks. Dchiang8
I have been running into the same issue using Forms path.  The Person worksheet data was not flowing to the Student information Sheet correctly.  The Part 2 - College Student information questions 1-... See more...
I have been running into the same issue using Forms path.  The Person worksheet data was not flowing to the Student information Sheet correctly.  The Part 2 - College Student information questions 1-4 flowed with the opposite answer that I included in the Person worksheet.  This should be reviewed by Turbo Tax and fixed (I have the latest update).  Per previous posts, I did also re-enter the data via the Step by Step path and the information now flows correctly.
@starfisht    Actually we don't usually recommend paying before you actually file your taxes.  You should just file first, then pay at ~ the same time.  Not sure what happens if you pay as a  late ... See more...
@starfisht    Actually we don't usually recommend paying before you actually file your taxes.  You should just file first, then pay at ~ the same time.  Not sure what happens if you pay as a  late estimated payment.  There have been instances where the tax people have simply sent back the $$ because they don't know why you sent it since they don't have your tax forms yet.   Of course, we can't know if it will happen in your case.   In the end the IRS and/or State may end up assessing you some more $$ in penalties and interest anyhow....depending on exactly when you do actually file.....so get those tax forms filed ASAP.
TURBOTAX is posting a Maryland 2% EXCESS INCOME tax (line 21b) on our Capital Gains......despite the fact that our Capital Gain is mostly from the sale of our VIRGINIA rental property (Virginia sale ... See more...
TURBOTAX is posting a Maryland 2% EXCESS INCOME tax (line 21b) on our Capital Gains......despite the fact that our Capital Gain is mostly from the sale of our VIRGINIA rental property (Virginia sale Capital Gain is 387,000 but is reduced by -17,000 LOSS in stocks). Overall total MARYLAND income without the VIRGINIA rental is under $100,000. But Turbotax is calculating that we must pay $27,000 in income tax. What are we doing wrong? 
What would the filing status be for a taxpayer that lived in Mississippi for most of 2025, then was married and later moved to Tennessee.  The spouse never lived or worked in Mississippi, therefore s... See more...
What would the filing status be for a taxpayer that lived in Mississippi for most of 2025, then was married and later moved to Tennessee.  The spouse never lived or worked in Mississippi, therefore should not be required to file in Mississippi.  This couple also had a child at the end of 2025.  They are filing as married filing jointly for Federal Return. For the Mississippi return can the taxpayer that lived in Mississippi file as married filing separately and claim the dependent?  TN does not have income tax, so the dependent is not claimed in any other state by the spouse for State tax purposes.    Thank you Kari
Residential Real Property is not eligible for Special Depreciation. This includes the building and any improvements, and is the only type of property depreciated over 27.5 years.   When testing t... See more...
Residential Real Property is not eligible for Special Depreciation. This includes the building and any improvements, and is the only type of property depreciated over 27.5 years.   When testing this calculation, entering a different class of depreciable asset (7 year) and claiming 50% special depreciation resulted in the correct depreciable basis.
That deduction is included in your AZ return in line 36.  
@NCperson wrote:   but if he is a dependent or can be a dependent, they the WHOLE THING would require repayment.     And if someone CAN claim him but doesn't, then he is part of their househol... See more...
@NCperson wrote:   but if he is a dependent or can be a dependent, they the WHOLE THING would require repayment.     And if someone CAN claim him but doesn't, then he is part of their household in any event and it all needs to be repaid - that is my understanding.  You can't avoid the PTC repayment just by not claiming the dependent.    Where do you see that the repayment limitation would not apply?   When signing up for insurance, if the kid had attested he would NOT be a dependent (and had reason to believe that would be true), it goes on the kids return if he is not actually claimed.  See Regulation §1.36B-4(a)(1)(C).   (C) Responsibility for advance credit payments for an individual not reported on any taxpayer's return. If advance credit payments are made for coverage of an individual who is not included in any taxpayer's family, as defined in §1.36B-1(d), the taxpayer who attested to the Exchange to the intention to include such individual in the taxpayer's family as part of the advance credit payment eligibility determination for coverage of the individual must reconcile the advance credit payments.   https://www.law.cornell.edu/cfr/text/26/1.36B-4
I received honorariums and then recieved a T4A with the amount in Box 48. I'm not self-employed and the honorariums were for Traditional Indigenous activities. I'm being forced to input self employed... See more...
I received honorariums and then recieved a T4A with the amount in Box 48. I'm not self-employed and the honorariums were for Traditional Indigenous activities. I'm being forced to input self employed info. How do I proceed?
I have cleaned my cashe, and browsing history.  Desktop has no way to manually edit this form that I can find.  I have re-entered the data after deleting but TT still shows form after i delete it.  I... See more...
I have cleaned my cashe, and browsing history.  Desktop has no way to manually edit this form that I can find.  I have re-entered the data after deleting but TT still shows form after i delete it.  Instructions don't appear to work to delete the form  
you have a loss which is a negative number. 
yes provided you correctly enter the information. On line 20 of the K-1, enter the QBI income or loss. This prompts Turbotax to ask for all the items that might be needed to compute the QBI   you... See more...
yes provided you correctly enter the information. On line 20 of the K-1, enter the QBI income or loss. This prompts Turbotax to ask for all the items that might be needed to compute the QBI   you need the online premier version or any desktop version (w11 required). the othe ronline versions do not handle qni or even k-1's  
I am unable to select the bonus depreciation for 2 vehicles purchased after May 2025, trying to amend an s-corp return.  I would prefer not to use Section 179.  Please advise why this is not an option.
The only way I've found to correct this error is to switch to forms mode. I calculated the amount of interest on U.S. Government obligations I received while a resident of Maryland by adding up all o... See more...
The only way I've found to correct this error is to switch to forms mode. I calculated the amount of interest on U.S. Government obligations I received while a resident of Maryland by adding up all of the dividends I received from the relevant fund while I was a resident of Maryland (Jan 1 through June 30) and multiplying the total by the interest on U.S. Government obligations percentage supplied by the fund sponsor.  The result in my case was $212.21. I then click on Open Form at the top of the TurboTax window and selected Maryland Form 502SU. I navigated to the "Income from U.S. Obligations Smart Worksheet" on page 2 of the Form, clicked on the box on Line A of the worksheet, selected "Override" from the TurboTax edit menu, and typed $212.21. (On Windows, I think you can just right-click the box to access the "Override" option--it took me a while to figure out that that doesn't work on the Mac version of TurboTax Premier Desktop.) I dislike having to override TurboTax's calculations, but I dislike incorrect amounts on my tax returns even more! If anyone knows of a better solution, please let me know. (More . . . )
In 2025, I sold an inherited home in Mississippi that I shared ownership with 3 other siblings.  We realized a loss.  Turbo tax is indicating the loss but Mississippi is taxing the difference in the ... See more...
In 2025, I sold an inherited home in Mississippi that I shared ownership with 3 other siblings.  We realized a loss.  Turbo tax is indicating the loss but Mississippi is taxing the difference in the gross proceeds and expenses.  There were no capital gains so why is the Mississippi return indicating taxes due?
If you are unable to properly import your W-2 information, entering them all manually is the best option. That way you will be sure that the information is correct and avoid any issues when filing. ... See more...
If you are unable to properly import your W-2 information, entering them all manually is the best option. That way you will be sure that the information is correct and avoid any issues when filing.   You can get to the screens in TurboTax to enter your Form(s) W-2 as follows:  Click on "Search" in the top right of your TurboTax screen. Type "W-2" in the search bar. Click on the link "Jump to W-2" Continue through your TurboTax screens to manually enter your Form W-2   Click here for How do I manually enter my W-2?   Click here for Where do I enter my 1099-R?   If you have additional information or questions regarding this, please return to Community and we would be glad to help.  
Même problème de mon côté. J'ai recommencé la déclaration, et aucun changement