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February 23, 2026
7:19 AM
You are correct. Schedule K-1 (100S) uses Line 13(d) to report Pass-Through Entity Tax (PTET), along with many other credits. The worksheet in TurboTax (K-1 S Corp (California S-Corp)) splits Line 13...
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You are correct. Schedule K-1 (100S) uses Line 13(d) to report Pass-Through Entity Tax (PTET), along with many other credits. The worksheet in TurboTax (K-1 S Corp (California S-Corp)) splits Line 13(d) into four lines, including Line 13(f) for PTET. Note that this is a worksheet, not a facsimile of the actual K-1.
You can enter this under the federal K-1 interview as Box 13 Code ZZ, but the amount won't appear on the California K-1 until you enter it during the California interview for your S-Corp K-1 as Line 13(f).
February 23, 2026
7:19 AM
When using the desktop editions, click on File at the top left of the desktop program screen. Then click on Save
February 23, 2026
7:18 AM
Yes. I did not think this post had gone through. So, I sent the other post out the next day. Thanks
February 23, 2026
7:17 AM
Trying to determine how Turbo Tax is assigning "Plan Type" for 401k/IRA distributions on the Michigan income tax return. What makes a distribution taxable/non-taxable for state of Michigan income tax?
February 23, 2026
7:16 AM
Thank you, that was my understanding as well but I wanted to be certain. No one wants that nice IRS letter in their mailbox.
February 23, 2026
7:16 AM
I have the download version and twice so far my progress did not save. There is no save progress tab either. I used it for years and never had this issue.
February 23, 2026
7:16 AM
You are looking at an income summary screen that does not take into account the taxable amount of the income.
Look at your Form 1040 Line 4b for IRA taxable amount and Line 5b for a 401(k) taxable ...
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You are looking at an income summary screen that does not take into account the taxable amount of the income.
Look at your Form 1040 Line 4b for IRA taxable amount and Line 5b for a 401(k) taxable amount.
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.
February 23, 2026
7:15 AM
I tried both QMIDs I7Q6 and L7Q6 and TT says my energy credit is $0 for both. I can't even get the software to calculate the savings let alone submit the return and get it accepted!
February 23, 2026
7:15 AM
1 Cheer
Intuit, Which department do I contact to have you pay for the completely unnecessary upgrade of my computer to be win11 compliant. Considering RAM prices are out of this world, your product sho...
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Intuit, Which department do I contact to have you pay for the completely unnecessary upgrade of my computer to be win11 compliant. Considering RAM prices are out of this world, your product should continue to support Windows 10. Unless you want to pay for my replacement PC. Out of your budget lines.
February 23, 2026
7:14 AM
We'd love to help you complete your tax return, but need more information. Can you please clarify the error you are receiving?
February 23, 2026
7:12 AM
I had the same experience with my Vanguard accounts.
February 23, 2026
7:12 AM
Topics:
February 23, 2026
7:11 AM
Yes, you can claim your new car sales tax deduction at 6.25%. Keep using the 8.25% deduction for your other purchases and TurboTax will take care of any differences.
February 23, 2026
7:11 AM
Downloaded desktop version (NOT online version) TTax Deluxe, as I have for years. Tried to Import Wells Fargo Clearing Services 1099-B "We see you're trying to import a 1099-B, which requires an upg...
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Downloaded desktop version (NOT online version) TTax Deluxe, as I have for years. Tried to Import Wells Fargo Clearing Services 1099-B "We see you're trying to import a 1099-B, which requires an upgrade to Premier." Ttax is up-to-date on Imac running up-to-date MACOS 15.7.2 Sequoia Same result on Safari or Firefox browser.
February 23, 2026
7:10 AM
Really need some guidance on how to handle this situation. Bear with me here! Background: For about 8 years I've had a small sole proprietorship (online shop) that I report on my taxes as a sche...
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Really need some guidance on how to handle this situation. Bear with me here! Background: For about 8 years I've had a small sole proprietorship (online shop) that I report on my taxes as a schedule C. I was advised when I first started to file using the "Cash Method" of accounting and just list my COGS as a misc. expense as I sold them. So for example, if I spent $1,000 on inventory in a given year, I only reported the cost of the items I sold in that year, not the whole $1,000 and if I spent $500 on the items I sold that year I just listed $500 as a misc. expense titled COGS. Again, this is what I was advised when I started filing this Schedule C. Concerned if this was bad advice. I have started to spend more on inventory and make more in profit so I am questioning my accounting methods and want to make sure I am moving forward properly. It is too late to find a qualified tax professional near me for filing my 2025 taxes but I plan to get one to help me with 2026. Questions: Should I just file for 2025 as I have been and then have a tax professional help me moving forward? Is it possible to retroactively go back to claim expenses for cost of goods sold if I ultimately end up changing from the Cash Method to the Accrual Method or will I be leaving money on the table no matter what? Any other advice to help me navigate this without it being a total mess or losing too much money? Really appreciate any help here. I am feeling very stressed about what to do.
Topics:
February 23, 2026
7:09 AM
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
February 23, 2026
7:08 AM
Every form submitted electronically by TurboTax has been tested and approved by the IRS. If there was an issue with the way TurboTax completes the entry for Form 8936 line 5, then the tax return wou...
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Every form submitted electronically by TurboTax has been tested and approved by the IRS. If there was an issue with the way TurboTax completes the entry for Form 8936 line 5, then the tax return would be rejected by the IRS.
If your tax return is not being rejected, then the IRS processing system understands and accepts the entry put on the form by TurboTax. There is nothing that needs to be corrected by you.
@user17716327818
February 23, 2026
7:07 AM
Does that apply to all types of 1099-R's? I have both an IRA which only distributes once a year and Monthly Pension income. I really thought W2 withholdings were the only ones considered evenly s...
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Does that apply to all types of 1099-R's? I have both an IRA which only distributes once a year and Monthly Pension income. I really thought W2 withholdings were the only ones considered evenly spaced but evidently that is not true?
February 23, 2026
7:06 AM
There is nonqualified use of your home for every day it was available for rent. This is specifically referring to rental activity which is 'nonqualified' time that must be accounted for when making s...
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There is nonqualified use of your home for every day it was available for rent. This is specifically referring to rental activity which is 'nonqualified' time that must be accounted for when making sure you get the full amount allowed for the home sale exclusion. There will be a taxable amount of the gain due to the nonqualified use. This is not new tax law.
IRS Publication 523
If you enter the passive loss carryover as instructed it will be included as part of your rental activity loss for the year of sale. The full amount remaining in the year of sale is used on your Schedule E and will carry directly to the Form 1040.
@user17710097333
February 23, 2026
7:05 AM
1 Cheer
What you have entered is that your 2024 net capital losses (of $-2,714) were totally used up last year as the Schedule D Line 21 allowable loss (of $-2,713) against 2024 taxable income for the year, ...
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What you have entered is that your 2024 net capital losses (of $-2,714) were totally used up last year as the Schedule D Line 21 allowable loss (of $-2,713) against 2024 taxable income for the year, and so TurboTax is correct in showing that you would not have a remaining carryover amount to this years' taxes. From the IRS instructions, you have a capital loss carryover if your losses on Sch. D Line 16 exceed the allowable loss on Line 21.
If you're confident your 2024 net capital losses were not fully used up against taxable income, print your 2024 tax return to PDF and pull the exact figures from Schedule D Lines 7, 15, and 21:
If you've started your return already
Sign in to your TurboTax account. Make sure you're using the same TurboTax account (same user ID) as in previous years.
There are two ways to get your prior-year returns:
Select Documents from the menu, use the dropdown menu to choose the tax year you want, and select Download tax PDF.
On Tax home, scroll down and select Your tax returns & documents. Select the year you want and select Download/print return (PDF).
If the year you're looking for isn't there, it might be in a different account. Go here to find all of your accounts. One of them should have the return you're looking for.
^ TurboTax FAQ - How do I view, download, or print a prior-year tax return?
Learn more:
IRS - Instructions for Schedule D (Form 1040)
TurboTax - Capital Gains and Losses
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