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3m ago
Yep..I first asked for a free desktop version so I can go in and manually fix myself and since I already paid for online fed and state. Tt rep said no..I then asked for a refund then for my payment ...
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Yep..I first asked for a free desktop version so I can go in and manually fix myself and since I already paid for online fed and state. Tt rep said no..I then asked for a refund then for my payment of their online fed and state products..she said no because I already efiled even though my returns were rejected (due to TT error on form 5695)...
10m ago
Thank you! That second paragraph contains what I was looking for. Ialready understood the transition of burden to beneficiaries. I was unsure what and how to enter in the decedent's return.
13m ago
Thank you! That second paragraph contains what I was looking for. Ialready understood the transition of burden to beneficiaries. I was unsure what and how to enter in the decedent's return.
15m ago
see this IRS webpage. the first 4 seem to be residential real estate with a 27.5 life
the cabinetry is also 27.5 if permanently attached otherwise the second category.
appliances you would use th...
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see this IRS webpage. the first 4 seem to be residential real estate with a 27.5 life
the cabinetry is also 27.5 if permanently attached otherwise the second category.
appliances you would use the 2nd category.
https://www.irs.gov/faqs/sale-or-trade-of-business-depreciation-rentals/depreciation-recapture/depreciation-recapture-4
16m ago
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19m ago
Yes..for us we're also claiming the heat pump credit and section I is correctly blank..where it goes wrong is in section II items 17 a-d and 25a. Using the tt interface, we answered Yes to 17a-c yet ...
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Yes..for us we're also claiming the heat pump credit and section I is correctly blank..where it goes wrong is in section II items 17 a-d and 25a. Using the tt interface, we answered Yes to 17a-c yet tt erroneously marks as No in the actual .pdf file of the form.When asked to confirm our home address, tt leaves 17d (the address field) blank. 25a is left unchecked for both Y and N responses even though we answered N with tt's online user interface..we have the online product so cannot go in and manually override. I asked tt rep for a free desktop version to do the fix myself and since I already paid for the online version. She said no. I then asked for a refund for my payment of the online product. Again she said no because I already efiled my returns. I posed to her that I don't get a refund because I efiled and my returns were rejected because of tt's error with form 5695? She then tried to blame the govt shutdown..lol..making sure to blame the IRS instead of tt's weak coding skills.
24m ago
the basis version of online does not include entry of k-1s. if that's what you have, you'll have to upgrade.
25m ago
in the rental property section there should be a summary page so you can edit the rental dat for that property.
then as you ontinue you'll come to a rental summary page with a line for asset deprec...
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in the rental property section there should be a summary page so you can edit the rental dat for that property.
then as you ontinue you'll come to a rental summary page with a line for asset depreciation. click on start or update on that line
29m ago
I purchased INTUIT TurboTax Premier at Costco and it said that one state tax return e-file was free. However, when I e-filed two state tax returns, it charged me $15 for the first and $25 for the sec...
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I purchased INTUIT TurboTax Premier at Costco and it said that one state tax return e-file was free. However, when I e-filed two state tax returns, it charged me $15 for the first and $25 for the second. I paid both. Shouldn't it give me back the $25? If you reply to me, I will provide you with two order numbers.
29m ago
did you answer the questions for 2024? if so, did you use the last month rule in 2024 to contribute more than the otherwise allowable amount. if not, delete the 2024 data to see if that clears up the...
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did you answer the questions for 2024? if so, did you use the last month rule in 2024 to contribute more than the otherwise allowable amount. if not, delete the 2024 data to see if that clears up the issue. It's only needed if you used that rule.
30m ago
And not sure what to put as a home address. I did provide direct deposit information
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32m ago
All, Not sure if anyone figured it out importing any data from Franklin Templeton. TurboTax help was useless and I spent too much time just to post this! As others have noted, either TurboTa...
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All, Not sure if anyone figured it out importing any data from Franklin Templeton. TurboTax help was useless and I spent too much time just to post this! As others have noted, either TurboTax 2025 development team failed to code as previous TT versions capabilities or it was developed per new Franklin Templeton request!?! I was able to import, but you will need to have your account number and your SSN (need the "-") and probably purged web history when done. To import, I recommend downloading your FT tax documents, so that you have the list of accounts numbers to enter and import EACH fund separately! Once you have selected Franklin Templeton Mutual Funds, you will be re-directed to a webpage. You need to enter your FT account number NOT including the Fund number. Example: Your fund info: 600-12345, you will ONLY enter 12345 and then enter your SSN with the dashes below. You will then be prompted to "allow" and the import will be in TurboTax. If you have more than 1 fund, you will need to repeat for the others. Hope this helps.
32m ago
do both k-1's have the same taxpayer (partner's) identification number in Box E and is the number the same as the EIN of the Trust? if so, they should both have the same numbers on the form. In this ...
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do both k-1's have the same taxpayer (partner's) identification number in Box E and is the number the same as the EIN of the Trust? if so, they should both have the same numbers on the form. In this case, you only enter once.
however, I'm as confused as you as to why two k-1s were issued. If different, you would need clarification from the management company because this forum has no access to the k-1s
40m ago
Hello VolvoGirl, Thank you for getting back to me so quickly. I solved the problem! Larissa
41m ago
where did you put zero for 2025. if that was for 2024 AGI, it was proper since you haven't filed that year. there may be a question about filing last year when you get to the file section. however, t...
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where did you put zero for 2025. if that was for 2024 AGI, it was proper since you haven't filed that year. there may be a question about filing last year when you get to the file section. however, that question will not appear if you started your 2024 return
45m ago
I had 3 IRA accounts that required RMD's to be taken, but I took the total from one of them. I received the 1099-R from that account, showing the total. To complicate the matter, I also received a ...
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I had 3 IRA accounts that required RMD's to be taken, but I took the total from one of them. I received the 1099-R from that account, showing the total. To complicate the matter, I also received a 1099-R for a second account because I did a rollover of that IRA to another bank (by cashier's check), so it showed up as a distribution and liquidation of that account. When TT asked for info about this 2nd 1099-R, I reported that it was a rollover and that a small part was due as an RMD, but there was no way to indicate that this RMD was included in the first account's 1099-R. Then there was no 1099-R for the third account because there was no distribution from that institution. When I had a similar situation last year, I had to respond to a letter from IRS because they thought I hadn't taken all of my RMD's. Is there any way to clarify in TT this year what the RMD amounts are for each account and that the total was taken just one, or doesn't IRS need to know?
48m ago
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55m ago
I need help
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56m ago
If you move out of Minnesota temporarily, but have no intention of remaining permanently in another state, you continue to be a Minnesota resident. As a resident, you must pay Minnesota tax on taxabl...
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If you move out of Minnesota temporarily, but have no intention of remaining permanently in another state, you continue to be a Minnesota resident. As a resident, you must pay Minnesota tax on taxable income you received from all sources, regardless of where it was earned.
58m ago
the sale info is entered in the rental schedule under using the asset entry worksheet. as you go through there should be a page that asks if you sold the property. you must check it. if you have ...
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the sale info is entered in the rental schedule under using the asset entry worksheet. as you go through there should be a page that asks if you sold the property. you must check it. if you have multiple assets, you'll have to allocate sales price and related expenses yourself. however, if you are using the basic online version you'll have to upgrade.