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Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days o... See more...
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.   Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?
Yes. The missing $579.18 is the reason your proceeds are lower than your basis.  It is correct that the holdback amount in escrow can result in a loss because your 1099-B is only reporting the partia... See more...
Yes. The missing $579.18 is the reason your proceeds are lower than your basis.  It is correct that the holdback amount in escrow can result in a loss because your 1099-B is only reporting the partial proceeds that you actually received ($767.23).    Meanwhile, your cost basis for the shares is at least $1,203.11 (76.631 shares x 15.70 strike price), or up to $1,346.41 if your company reported the "bargain element" as compensation on your W-2.    Therefore, subtracting the basis from the proceeds results in TurboTax calculating a loss.    If you receive the escrowed/held back funds in a future tax year, you will generally report that payment when you receive it, similar to an installment sale where you receive a payment after the tax year sale.
On your New York State Tax return, items included in the New York State Subtractions Adjustment are— interest on U.S. government obligations. NY state/local tax refunds, pensions for NYS/NYC employee... See more...
On your New York State Tax return, items included in the New York State Subtractions Adjustment are— interest on U.S. government obligations. NY state/local tax refunds, pensions for NYS/NYC employees, and certain social security benefits are included in the New York subtraction adjustments. You can see the entire list here Instructions for Form IT-225 New York State Modifications on page 5, under Subtraction Modifications.
  You will typically have to report income and pay taxes when the RSU vests and you receive actual stock shares.  At that point, you have to report income based on the fair market value of the stoc... See more...
  You will typically have to report income and pay taxes when the RSU vests and you receive actual stock shares.  At that point, you have to report income based on the fair market value of the stock.  Since RSU's are essentially compensation, you'll usually see it reported automatically on your W-2, included in Box 1 wages.    The value of the exercised shares may be noted in Box 14.   Here's more detailed info on RSU's and Taxes.     @jatellol         
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days o... See more...
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.   Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?
@wenger317  I was on the phone yesterday for 30 minutes and the person kept telling me to go all the way to the end where you have to verify your 2024 AGI to file. I kept telling this person that it ... See more...
@wenger317  I was on the phone yesterday for 30 minutes and the person kept telling me to go all the way to the end where you have to verify your 2024 AGI to file. I kept telling this person that it was not the correct answer but they had no other ideas. I really hope that TurboTax can find a solution as this looks like a long-running issue. 
Review  your account and update any preferences by using the information here.  Scroll and select  Update your preferences when you click the link. If you need further assistance you can con... See more...
Review  your account and update any preferences by using the information here.  Scroll and select  Update your preferences when you click the link. If you need further assistance you can contact TurboTax.   Please use the link below to contact us regarding your questions. How do I contact TurboTax?
I still haven't heard anything on my nys refund 
Sorry about that. I just re-added my 8936 to try again and had no option to input my 2024 MAGI. My case is 1339364
Le maximum déductible de RRQ à la ligne 30800 fédérale est 3 661.20  Le reste devient une contribution obligatoire.   Déclaration de revenus et de prestations Agence du revenu du Canada   ... See more...
Le maximum déductible de RRQ à la ligne 30800 fédérale est 3 661.20  Le reste devient une contribution obligatoire.   Déclaration de revenus et de prestations Agence du revenu du Canada     Merci de choisir TurboImpôt  
To claim the Auto-Enrollment Credit in TurboTax Online, follow these steps:   Log into TurboTax and open your return. Navigate to your Schedule C business. Edit Business info to indicate... See more...
To claim the Auto-Enrollment Credit in TurboTax Online, follow these steps:   Log into TurboTax and open your return. Navigate to your Schedule C business. Edit Business info to indicate that you pay W-2 employees. Under Expenses >> Less Common, check the boxes for Employee Pension Plan and Employee pension plan startup costs. Go to Employee Pension Plan, answer all questions about number of employees paid & eligibility. Check box for Auto-enrollment. Check Yes if plan is qualified for the credit. Go to Employee Pension Plan startup costs and complete interview. Enter at least $1 for startup costs. To complete the Pension Plan Startup Credit, go to Wages & Income Summary >> Other Business Situations >> Business Credits, and select Pension Plan Startup Costs. Follow the prompts to confirm the Auto-Enrollment Credit.
The difference in the tax info isn't too big, but I already have my payment set for what I owe in taxes and have done an amendment to double check my info, this email came after the fact and I don't k... See more...
The difference in the tax info isn't too big, but I already have my payment set for what I owe in taxes and have done an amendment to double check my info, this email came after the fact and I don't know how many more times I can amend my taxes or if it's even worth it.
To confirm, if actual qualified education expenses meet or exceed the 529 distribution amount I do NOT include the 1099-Q from in my taxes or my student's filing. I simply maintain records of the dis... See more...
To confirm, if actual qualified education expenses meet or exceed the 529 distribution amount I do NOT include the 1099-Q from in my taxes or my student's filing. I simply maintain records of the distribution and expenses should the IRS ask for them. Correct?
@switchflaka Thank you for letting us know. We appreciate the update. 
If you want to review your return you will need to pay for TurboTax and then you will be able to print your entire return or specific forms/schedules prior to filing.  You will still be able to make ... See more...
If you want to review your return you will need to pay for TurboTax and then you will be able to print your entire return or specific forms/schedules prior to filing.  You will still be able to make changes prior to filing. Follow these steps to print a preliminary copy of our return in TuboTax Online:   While logged in and working on your return, click on Tax Tools From the drop down menu click on Print Center  Click on Print, save or preview this year's return On the next screen click on "Pay Now"  You may be prompted to "Go to My Info" if you need to add additional information Submit your payment information and you will be able to print your tax returns   Note, you must pay by credit card in order print or preview your preliminary return.  You will not be able to pay using your federal tax return.
I think it is QMID not OMID! I can't see without my glasses!
Yes because the SALT limit increases from 10,000 to 40,000.  I always took the Standard Deduction but itemized for 2025.   I think there are some other changes for 2026 so I think I’ll be going back ... See more...
Yes because the SALT limit increases from 10,000 to 40,000.  I always took the Standard Deduction but itemized for 2025.   I think there are some other changes for 2026 so I think I’ll be going back to the Standard Deduction next year.   
Just got out of a call with Turbotax Support regarding this same issue. Shared my screen and an expert was having me click on the prompts they box over. What I learned is that the only way to actuall... See more...
Just got out of a call with Turbotax Support regarding this same issue. Shared my screen and an expert was having me click on the prompts they box over. What I learned is that the only way to actually remove the transfer is to AGAIN upgrade to deluxe. I was adamant that my aunt and uncle (that I'm helping with taxes) did not want to pay any extra amount, thus they didn't want to transfer the tuition as it entails having to upgrade.   Call ended with support telling me to try re-doing the return and making sure I don't click anything I didn't want (which was what was already happening before I asked them for help). Gonna try to see if it does anything different and come back.
It depends. Here are some questions and actions you can take to be sure. Have you completed the rental activity section and continued back to the income summary? How did you determine it's no... See more...
It depends. Here are some questions and actions you can take to be sure. Have you completed the rental activity section and continued back to the income summary? How did you determine it's not calculating? You can preview the Form 1040 and Schedules to see the net profit of the Schedule E. From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.) Select Tax Tools On the drop-down select Tools On the pop-up menu titled “Tools Center”, select View Tax Summary  On the left sidebar, select Preview my 1040  For TurboTax Desktop, change to 'Forms' and review the forms .                         You have access to all forms when you choose to print your return in TurboTax Online/Mobile.  However you are required to pay before printing, but do not have to file until you are ready. Can I print a copy of my return in TurboTax Online before filing? If you are using TurboTax Desktop you can switch to Forms and review all forms and worksheets.
I don't see anything amiss with the numbers you have given me, but still you got that excess contribution message.   OK, let's clear out all the HSA data in your return and start that section ove... See more...
I don't see anything amiss with the numbers you have given me, but still you got that excess contribution message.   OK, let's clear out all the HSA data in your return and start that section over.   HSA RESET ***Reset***   1. make a copy of your W-2(s) (if you don't have the paper copies) 2. delete your W-2(s) (use the garbage can icon next to the W-2(s) on the Income screen)   *** Desktop/Windows***   3. Go to the upper right and click on Forms, and  4. Select the desired form (1099-SA (if one), 8889-T, and 8889-S (if one)). Note the Delete Form button at the bottom of the form’s screen.   *** Desktop/Mac***   3. Switch to Forms Mode by selecting the Forms icon. 4. From the menu, select the form (1099-SA (if one), 8889-T, and 8889-S (if one)) you want to remove (if you don't see it, select Open Form at the top). From the Forms menu, select Remove [form name].   *** Online ***   3. go to Tax Tools (on the left), and navigate to Tools->Delete a form  4. delete form(s) 1099-SA (if one), 8889-T, and 8889-S (if one)   5. go back and re-add your W-2(s), preferably adding them manually 6. go back and redo the entire HSA interview....