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am in retirement income section - won't let me enter 2025 data from same providers as last year - box pops up telling me to enter lenders and interest amounts
Go to this IRS website - https://www.irs.gov/identity-theft-fraud-scams/retrieve-your-ip-pin
IDENTITY PIN   https://www.irs.gov/identity-theft-fraud-scams/retrieve-your-ip-pin   If you have a 6 digit PIN issued to you by the IRS you need to enter it in order to e-file.  Go to Federal... See more...
IDENTITY PIN   https://www.irs.gov/identity-theft-fraud-scams/retrieve-your-ip-pin   If you have a 6 digit PIN issued to you by the IRS you need to enter it in order to e-file.  Go to Federal>Other Tax Situations>Other Return Info>Identity Protection PIN and enter the six-digit PIN.
The additional senior deduction is not added to your Standard Deduction   If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is... See more...
The additional senior deduction is not added to your Standard Deduction   If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $150,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
Let's check a few things: In the property profile, days of personal use -if you have any personal use days (not work days, those don't count) be sure you are inside the allowed amounts for your ... See more...
Let's check a few things: In the property profile, days of personal use -if you have any personal use days (not work days, those don't count) be sure you are inside the allowed amounts for your business % use.* In the asset - date placed in service - I think you have this but double check Land value error - house and land can't have the same value Sch E line 18 is not giving you a value when it should. You can see form 4562 is filled in correctly. Updating software tells me you are desktop so flip over to Forms mode and take a look at the forms. Look for red exclamation marks on any of the forms Forms with exclamation marks will have red boxes needing information Look through those and see where there might be missing information that should be corrected. Go back to step by step and correct issues *Publication 527: You are considered to use a property as a residence (limiting your deductions) if your personal use days exceed the greater of: 14 days, OR 10% of the total days the property was rented to others at a fair market price. Example: If you rent your beach house for 200 days a year, 10% is 20 days. Since 20 is greater than 14, you can stay there for up to 20 days without triggering the stricter "residence" limits.
To access your current year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Where do I go to start my 2025 tax return?
Why do you need your 2025 AGI?   Using the TurboTax online editions - Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. The 2025 AGI... See more...
Why do you need your 2025 AGI?   Using the TurboTax online editions - Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. The 2025 AGI (Adjusted Gross Income) will be shown on the Tax Summary.   It is only correct when you have completed the 2025 federal tax return.
Isn't there a $6000 deduction for person for seniors over 65?
You need to update your Business Profile, which is on the screen that says Your (name of business) Business. You will come to a screen that says Lets confirm your Business Info. One of the option say... See more...
You need to update your Business Profile, which is on the screen that says Your (name of business) Business. You will come to a screen that says Lets confirm your Business Info. One of the option says Disposed of business in current year. You need to edit that option to say "yes".    TurboTax tax will carry your loss carryovers to the current year automatically. You see the question since some users may have not have used the program in the previous year so they would need to enter the loss carryovers in the current year. You will find the business loss carryovers in the section that says Final Details and then Special Situations on the screen that says Your (name of business) Business, as I referenced earlier.   Capital loss carryovers will be found in the Investment Income section and then Capital Loss Carryover. It is in the Wages and Income section.   You cannot carry loss carryovers backwards, accept net operating losses but only in special situations.        
When filing a paper Form 1040-X (Amended Return), make sure the IRS can clearly see what’s changed. As a rule, print and attach any official IRS forms or schedules that have different numbers from yo... See more...
When filing a paper Form 1040-X (Amended Return), make sure the IRS can clearly see what’s changed. As a rule, print and attach any official IRS forms or schedules that have different numbers from your original return. Focus on printing the updated official forms from your PDF, not the internal “Worksheets” from TurboTax.   Print Form 1116: You must include the newly corrected Form 1116. Even if it looks "simple" compared to the worksheet, this is the official legal document the IRS uses to process your credit. Print Schedule B (Form 1116): If your amendment involves carrying over a credit to a future year or using a past carryover, include the official Schedule B. Don’t print the 1116 Worksheet. This worksheet is just for internal calculations in the software. The IRS doesn’t need it and usually throws it out. If they have questions about your numbers, they’ll ask for your backup documents, like 1099s or dividend statements—not the worksheet from your software.   Since you are amending foreign dividend income, the IRS needs to see the source of the change. You must attach: Corrected 1099-DIVs: If you received a revised form from your brokerage. Dividend Statements: If you are manually correcting an amount, include the statement showing the gross dividend and the foreign tax withheld. Explanation of Changes (Part II of 1040-X): This is the most important part. Write a concise note like: "Amending to include $X in additional foreign dividends from Vanguard that were omitted from original return. Recalculated Foreign Tax Credit on attached Form 1116."   I know this a lot of information, but I wanted to make sure you have everything you need.
A 1040 is the tax return form you prepare here to send to the IRS.   If you start entering data in this software you are preparing a Form 1040.   Please look at it so you will know what you are sendi... See more...
A 1040 is the tax return form you prepare here to send to the IRS.   If you start entering data in this software you are preparing a Form 1040.   Please look at it so you will know what you are sending to the IRS:   PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr     If you are trying to e-file 2025, it is asking for your 2024 AGI.   Where do I find my AGI?   https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947   Your 2024 tax return shows your 2024 Adjusted Gross Income  (AGI)  If you filed a joint return then the AGI is the same for each of you.   Form 1040        line 11   If entering the amount from your 2024 tax return does not work, then try entering “0” instead.  If that does not work and you still cannot e-file, then print, sign, and mail your tax return.   You can get a free transcript of your past return from the IRS:   https://www.irs.gov/individuals/get-transcript Note: If you filed late or amended your return, your correct 2024 AGI may not be in the system.  https://ttlc.intuit.com/questions/1944348-how-do-i-print-and-mail-my-return-in-turbotax-online Note:  If you mail your federal return, you will also need to mail your state return.  You will not be able to e-file your state return.  
Most of my income is from investments. I did some tax-loss harvesting in April to offset LTCG, though your post reminds me that I need to be sure I'm not using more than $3,000 of losses to offset di... See more...
Most of my income is from investments. I did some tax-loss harvesting in April to offset LTCG, though your post reminds me that I need to be sure I'm not using more than $3,000 of losses to offset dividend income in periods (a) thru (c). Going back to how to annualize itemized deductions, I have a few questions: You said, "You can't employ the 7.5% AGI limitation for medical expenses to justify having an increased medical expense deduction for a given time period for purposes of this form." Why not? Isn't that the point of annualizing? Has the IRS provided guidance on this? You said, "You will need to divide up your medical expense deductions for each of the time periods based on the total medical expense deduction you got from Schedule A line 4." How? Take the year-end medical deduction and apply the annualization ratios in reverse? If that's the correct way to handle it, then it seems TT would just do the calculation automatically. It also seems to go against the very intent of the form -- calculating tax liability based on factors known at the end of each period. Or are you suggesting something else? Put another way: on Aug 31 (end of period c) I don't know what my year-end income will be, I don't know what other deductible expenses I may have, etc. So how can it be correct to use a value that isn't known until the end of the year (i.e., Sched A line 4) to calculate tax liability on Aug 31? (It especially doesn't make sense if you think of it from the perspective of using the annualization methodology to make estimated tax payments, but I don't want to get off-track.) I'm not being argumentative; just trying to understand. Thanks
On the Income Topics page, scroll down to Less Common Income > Miscellaneous Income 1099A, 1099C and choose Start/Update.    On the next page, scroll down to Digital Assets Not Reported Elsewhere... See more...
On the Income Topics page, scroll down to Less Common Income > Miscellaneous Income 1099A, 1099C and choose Start/Update.    On the next page, scroll down to Digital Assets Not Reported Elsewhere.     On the next page, enter the amount from your 1099-Misc from Coinbase.    The income will be reported on Schedule 1, Line 8v,  and be included on Form 1040, Line 8.   @KevinP1   
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@allysonchan See this for installing the desktop editions with a license code - https://ttlc.intuit.com/turbotax-support/en-us/help-article/license-information/install-turbotax-cd-download-software-l... See more...
@allysonchan See this for installing the desktop editions with a license code - https://ttlc.intuit.com/turbotax-support/en-us/help-article/license-information/install-turbotax-cd-download-software-license-code/L1wFOSXur_US_en_US
When you install the program it should ask for the 16 digit License Code.  Have you downloaded and installed it?   How to get started with the Desktop program, install and activate it https://ttlc... See more...
When you install the program it should ask for the 16 digit License Code.  Have you downloaded and installed it?   How to get started with the Desktop program, install and activate it https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-delivery/download-software-turbotax-com/L7u9oLEkq_US_en_US?uid=luqgvzrd