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If you meant in your original post to elicit suggestions as to how to report the sale of specific items classified as collectibles on Schedule D:   Yes, it's appropriate to consider collectible... See more...
If you meant in your original post to elicit suggestions as to how to report the sale of specific items classified as collectibles on Schedule D:   Yes, it's appropriate to consider collectibles as capital assets and to report the sale on Schedule D. Capital assets include personal items like stocks, bonds, homes, cars, artwork, collectibles, and cryptocurrency. You need to report gains and losses from selling these assets.   If you hold assets for a year or less, they're considered short-term and usually taxed at ordinary income tax rates. If you hold them for more than a year, they're long-term and typically taxed at a lower rate.    The IRS classifies collectibles as tangible personal property—such as art, antiques, coins, stamps, wine, and gems—that appreciate over time. Sales of these items held over one year are taxed as long-term capital gains at a maximum rate of 28%, significantly higher than the standard 15%–20% rate. See IRS Topic 409 for more information.   You may need to use Form 8949 (TurboTax will enter information on that form for you based on your answers to interview questions) to detail each capital asset transaction, including company name, acquisition and sale dates, purchase price, and sales price.   See this TurboTax tips article for more information.   @exsocal8   
You can no longer finish your 2024 tax return in TurboTax Online. TurboTax Online is only for the current tax year, which is now 2025. To finish your 2024 tax return you have to use the TurboTax Desk... See more...
You can no longer finish your 2024 tax return in TurboTax Online. TurboTax Online is only for the current tax year, which is now 2025. To finish your 2024 tax return you have to use the TurboTax Desktop software for 2024. If you started your 2024 tax return in TurboTax Online, go to the following link for instructions to complete it. How do I finish a prior-year return that I started in TurboTax Online? Tax returns for past years cannot be e-filed. You will have to print your 2024 tax return, sign it, and file it by mail.  
Could you please send us a screenshot of what you see?  Please make sure it does not show any personal information?  
If your W-2 Box 14 is blank, then it should be entered that way. It is okay for Box 14 to be blank if that is how it was reported to you. Make sure there are no spaces, zeros, or special characters t... See more...
If your W-2 Box 14 is blank, then it should be entered that way. It is okay for Box 14 to be blank if that is how it was reported to you. Make sure there are no spaces, zeros, or special characters that were incorrectly entered or imported.    You can go back to your W-2 to check your entries. Find Box 14 and delete any blank lines, descriptions, or  amounts that are incorrect. If it this does not help you should delete the Form W-2 and re-enter it.   To delete a Form W-2 if you used TurboTax Online you can: Click on "Tax Tools" in the left panel of your TurboTax screen Select  "Tools" Click on "Delete a Form" Scroll down the list of your forms to find your Form W2 Click on the trash can to the right of your form to delete it To delete a Form W-2 If you used TurboTax Desktop, you can: Click on "Forms" in the top right of your TurboTax screen to switch to "Forms Mode" In your left panel of your TurboTax screen find Form W-2 Click on "Delete Form" at the bottom of the form Click on "Yes" to confirm the deletion To check your W-2 entries or to go back and re-enter your Form W-2 information, you can get to these screens in TurboTax 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 or review your W-2 entries. Make sure all follow-up questions are properly answered   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.  
I'm unable to find the form 3468 equivalent in TurboTax premium online. Can you clarify whether the anticipated fixes will apply to the online version as well or not? Will I eventually be able to ame... See more...
I'm unable to find the form 3468 equivalent in TurboTax premium online. Can you clarify whether the anticipated fixes will apply to the online version as well or not? Will I eventually be able to amend with the form in the online version? If I were to switch to the desktop business version with the stated issue, does it problem apply to form mode as well? Or will both platforms require a later amendment?
I am assuming that the income was reported in Box 3 - Other Income on the 1099-MISC.  To report this in TurboTax:   Go to Wages & Income Summary Locate "Less Common Income, Home sale, cancelled d... See more...
I am assuming that the income was reported in Box 3 - Other Income on the 1099-MISC.  To report this in TurboTax:   Go to Wages & Income Summary Locate "Less Common Income, Home sale, cancelled debt (1099-A, 1099-C") ... etc." Scroll down to "Other misc. income" Select Other "reportable income" and click on Start Answer Yes to "Any other taxable income?" Click on the blue Add button Enter an offsetting negative amount with a description like "14 day rental exclusion".
After entering the permissible employee elective deferral amount ($23,500 minus the amount with code D in box 12 of the W-2), mark the SEP Maximize box to calculate the permissible employer contribut... See more...
After entering the permissible employee elective deferral amount ($23,500 minus the amount with code D in box 12 of the W-2), mark the SEP Maximize box to calculate the permissible employer contribution for the solo 401(k).  Do not mark the Maximize box for a 401(k) contribution.  The calculation of the permissible employer contribution is the same for both types of plans, but the Maximize function for a SEP contribution does not add any more to the elective deferral.  Your permissible employer contribution will be the total deductible amount minus the elective deferral that you entered on line 6a.
This would be an indirect rollover.  In TurboTax, you can indicate that you returned the distribution in the follow-up questions to the 1099-R entry: Go to Federal > Wages & Income > Retirement ... See more...
This would be an indirect rollover.  In TurboTax, you can indicate that you returned the distribution in the follow-up questions to the 1099-R entry: Go to Federal > Wages & Income > Retirement Plans and Social Security and enter the 1099-R exactly as it appears on your paper form. When asked if the distribution was a Required Minimum Distribution, select "Yes" and enter the amount that was actually required. Continue through the follow-up screens until you see the question: "What did you do with the money?". Choose "I moved the money to another retirement account (or returned it to the same account)". Select "I rolled over some or all of it..." and enter the specific dollar amount you paid back within the 60-day window. 
If you follow my instructions, and select the "No help needed" option, you will not get the time-and-a-half and double-time buckets. You will get one bucket called "Deductible overtime." That's where... See more...
If you follow my instructions, and select the "No help needed" option, you will not get the time-and-a-half and double-time buckets. You will get one bucket called "Deductible overtime." That's where you enter half of your regular hourly rate times the total number of hours over 40 hours per week. TurboTax makes special provisions for time-and-a-half and double-time because those are the most common overtime rates. Having a special place for them makes it a little easier for the majority of workers, who are paid overtime at those rates. In many cases they will not have to do any figuring at all.  
TurboTax specifies that the refund must be deposited via direct deposit to the taxpayer's bank account. The taxpayer no longer has a bank account because he died last year.
If TurboTax is asking you to check all that apply to your son, then you would check the box if he paid for more than half of his living expenses. If you paid for more than half of his living expenses... See more...
If TurboTax is asking you to check all that apply to your son, then you would check the box if he paid for more than half of his living expenses. If you paid for more than half of his living expenses, than you would leave it unchecked.  This would include food, shelter, clothes, and medical care.   
Technically, if this 1099-MISC was issued to you by your employer, the amount should have been added to your W-2 compensation as a fringe benefit instead.   However, you can enter the 1099-MISC i... See more...
Technically, if this 1099-MISC was issued to you by your employer, the amount should have been added to your W-2 compensation as a fringe benefit instead.   However, you can enter the 1099-MISC in TurboTax under Less Common Income. In that section, select Miscellaneous Income, then under that Other Reportable Income, answering the questions to clarify that it was not self-employment income. Otherwise, TurboTax could calculate self-employment tax on the amount, which does not fit your situation.   See this tax tips article for more information.  
There is cost basis, but personally I just enter $0 since the amounts are so small.  I don't find it worth the time to figure it out.  And you're not going to get a letter from the IRS if you enter $... See more...
There is cost basis, but personally I just enter $0 since the amounts are so small.  I don't find it worth the time to figure it out.  And you're not going to get a letter from the IRS if you enter $3.    
To access Cointracker import in TurboTax Online Premium, follow these steps:          Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income... See more...
To access Cointracker import in TurboTax Online Premium, follow these steps:          Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click the down arrow to the right of Investments and Savings. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B). Click Add investments. On the Let's find your account screen, enter 'cointracker'.  Select CoinTracker and follow the sign in instructions. Or you may enter the summary information instead of each individual transaction.  Create a .PDF of the IRS form 8949 to upload into TurboTax Online.  Follow these steps.   On the Let's find your account screen, select Enter a different way.  On the How do you want to add your docs? screen, select Type it in myself, then Continue. At the screen OK, let's start with one investment type, select Digital Assets.  Click Continue. At the screen Let's get started typing in your digital asset info, enter the information. Click Continue. At the screen Did you get a 1099-DA, select Yes. Answer the questions at the screen Tell us about the sales on your 1099-DA. Do you have more than three sales, enter Yes. Did you buy every investment listed, enter Yes.  Continue. On the screen Now, choose how to enter your sales, select Sales section totals.  Select Continue. At the screen Look for your sales on your 1099-DA, select Continue. At the screen Now, enter one sales total, enter the sales information.  Select Continue. You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen. When completed, close the record and click Continue. At the screen Now, we'll help you upload your 1099-DA, browse and select your document.  Select Continue. When you upload your document, your filing instructions will not show that anything needs to be mailed in, and no IRS form 8453 will be generated.  
The worksheets are not officially part of your return, and many of the worksheets are not even the same as the CRA supplies with their tax packages.   But I will pass on your suggestion to our pr... See more...
The worksheets are not officially part of your return, and many of the worksheets are not even the same as the CRA supplies with their tax packages.   But I will pass on your suggestion to our product development team. Thank you for your input.         
The forms mode shows a completed 2025 Student Info Worksheet. When I print out before filing the Worksheet is incomplete. Is there a work around or will there be an update to fix this issue? It doesn... See more...
The forms mode shows a completed 2025 Student Info Worksheet. When I print out before filing the Worksheet is incomplete. Is there a work around or will there be an update to fix this issue? It doesn't show up as an error, but the information need to be correctly reported as backup to the 1098-T. I have made sure the software was updated and I have removed the form and then the 1098-T and have re-input with the same result.