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As long as you have documentation for the expenses, there is no reason to be concerned that your rental property is showing a loss for 2025.  This can happen from time to time, especially when repair... See more...
As long as you have documentation for the expenses, there is no reason to be concerned that your rental property is showing a loss for 2025.  This can happen from time to time, especially when repairs or improvements are made between tenants.  Keep your receipts and documentation of the work that was done with your other tax paperwork.
Each Form 1099-R is uploaded into TurboTax separately, so you can simply take a photograph of the second Form 1099-R when you are finished uploading and entering the first 1099-R into TurboTax.    ... See more...
Each Form 1099-R is uploaded into TurboTax separately, so you can simply take a photograph of the second Form 1099-R when you are finished uploading and entering the first 1099-R into TurboTax.    To upload your 1099-Rs using the "Snap a photo" feature in TurboTax, do the following:   Go to Income on the left panel within your TurboTax account Click on the Start to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) Click on the +Add a 1099-R to the right of your 1099-R  Snap a photo, Continue Follow the prompts to securely upload your first 1099-R After you have finalized the first 1099-R entry, repeat the above steps for your second
I'm using the desktop version of TurboTax Premiere. Somehow I entered something incorrectly and it's basically double counting my health insurance premiums as a self employed person. I'm not sure whe... See more...
I'm using the desktop version of TurboTax Premiere. Somehow I entered something incorrectly and it's basically double counting my health insurance premiums as a self employed person. I'm not sure where to go and clear out this second entry. Can somebody give me some guidance?
GA exemption for over 65 is 65000 and between 62 and 65 years is 35000. Yes I allocated the capital gains, Interest and dividends among the joint filers. I was asked the question to do it again in t... See more...
GA exemption for over 65 is 65000 and between 62 and 65 years is 35000. Yes I allocated the capital gains, Interest and dividends among the joint filers. I was asked the question to do it again in the GA tax. It should have reduced it by the max but for some reason it did not. Seemed to be it did not include the interest and dividends. When i forced the entry and ignored the error, it totaled 100K for both filers
For the 2025 tax year, most New Hampshire residents are not required to file a state return at all so no state extension is needed.  New Hampshire is a unique state for tax filing because it does not... See more...
For the 2025 tax year, most New Hampshire residents are not required to file a state return at all so no state extension is needed.  New Hampshire is a unique state for tax filing because it does not have a personal income tax on W-2 wages. Historically, residents only filed a state return (Form DP-10) if they had significant investment income, but as of January 1, 2025, the Interest and Dividends (I&D) Tax has been fully repealed. 
Thank you soooo much for the quick response.  I do have one other question.  My SC return is showing a standard deduction adjustment under the Federal to State Differences addback OBBB Smart Workshee... See more...
Thank you soooo much for the quick response.  I do have one other question.  My SC return is showing a standard deduction adjustment under the Federal to State Differences addback OBBB Smart Worksheet of $1,500 plus an additional amount for my overtime earnings adjustment as a total add back to income for SC purposes.  Is this correct?  I can't see to click even in the forms to see where the $1,500 came from.
Agree, and in past years they did include one state e-file. They did not inform regular users of the change this year, which feels very deceptive. It's disappointing.
Today my form1040 owes some money; but I will take the form1116 tax credit on my 2025return next month, after I file & pay my Portugal tax. Therefore, the money that I owe to US will be reduced, so ... See more...
Today my form1040 owes some money; but I will take the form1116 tax credit on my 2025return next month, after I file & pay my Portugal tax. Therefore, the money that I owe to US will be reduced, so therefore I do not need to pay any estimated amount now, as the final calculation next month will be less than my 2025withholding.   Correct? (in principle)
My return is utilizing more losses from carry forward than it should. Why?
Fi’lled Feb 14 2026 still not received by IRS HELP  
I made an excess contribution to Roth for 2024 ($8000) early January 2025.  After realizing I was not eligible for contributing without a tax penalty, the amount was returned plus the $37 of interest... See more...
I made an excess contribution to Roth for 2024 ($8000) early January 2025.  After realizing I was not eligible for contributing without a tax penalty, the amount was returned plus the $37 of interest earned in March 2025.    When filing taxes in our financial advisor is saying we should have an early withdrawal penalty of 10%, but TurboTax online isn't showing the 5329 at all.  I also see that we did not report a Roth contribution on 2024 taxes as my form 5498 showed no contributions because it was reversed early enough.  What do I need to know or do for this years filing and do I need to amend 2024? 
The home office is an expense the tax law places limits on. The mortgage interest and real estate taxes are allowed as an itemized deduction with or without the business. Most expenses that have both... See more...
The home office is an expense the tax law places limits on. The mortgage interest and real estate taxes are allowed as an itemized deduction with or without the business. Most expenses that have both personal and business activity have more specific rules than other regular business expenses necessary to create your income.   The home office deduction cannot reduce your net self-employment income below zero. If you had other expenses that created a loss then you could have expenses in excess of income. In this situation the home office expense would not be allowed as indicated previously.   For information purposes here is some guidance on Hobby vs Business income.   Note: You can decide if it is hobby or business income.  This IRS link will help you: Business or Hobby?   Key elements: A hobby requires you to report the income you received and under the current tax law, Tax Cuts and Jobs Act (TCJA), no expenses are allowed to be used to reduce the money collected even if you itemize deductions. A business allows you to deduct the costs necessary to obtain the income.  The law explains that 'you must be engaged in the activity to produce a profit'.  The test under IRS tax law is that you must show a profit three out of every five consecutive years to be considered a business. @mdrzakow 
Very frustrating indeed. I did not accept the workaround suggested and decided to mail the 568 in with the waiver.    In addition, TT online was not letting me e-file CA return without the (incorre... See more...
Very frustrating indeed. I did not accept the workaround suggested and decided to mail the 568 in with the waiver.    In addition, TT online was not letting me e-file CA return without the (incorrect) 568, so I decided to mail in my CA return as well. Will look into TT alternatives next year.   Hope you figure it out!    
Yes, TurboTax can help you prepare and submit Form 8379 (Injured Spouse Allocation). If you are e-filing your joint return, TurboTax will transmit the form along with it.  In TurboTax, you can search... See more...
Yes, TurboTax can help you prepare and submit Form 8379 (Injured Spouse Allocation). If you are e-filing your joint return, TurboTax will transmit the form along with it.  In TurboTax, you can search for "injured spouse" in the search box and select the Jump to injured spouse link.
premiums for medicare plan G and part C
Form 540NR is the correct form for both nonresidents and part-year residents, but it should NOT be a NONRESIDENT return. To force TurboTax to recognize you as a Part-Year Resident, follow these s... See more...
Form 540NR is the correct form for both nonresidents and part-year residents, but it should NOT be a NONRESIDENT return. To force TurboTax to recognize you as a Part-Year Resident, follow these steps: Go to the Federal tab and select Personal Info (or My Info). Find your state of residence. Ensure you have selected the state you moved to as your current state of residence as of December 31, 2025. Check the box that says "I lived in another state in 2025" and select California as your previous state. Enter the exact date you moved out of California here. TurboTax relies heavily on this date to determine part-year status. Go to the State Taxes section. Select the Trash Can/Delete icon next to California and confirm deletion. Restart the California interview. When prompted, tell the program you were a Part-Year Resident and confirm your move-out date.   During the California interview, you will see a screen asking: "Were you a California nonresident during all of 2025?"Select No. For "Did you become a California nonresident during 2025?", select Yes.  
How do i find the link to download turbotax premier 2025?