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9m ago
how to fill 'Long-term capital gains and losses' screen for penalty recalculation? I had stock capital gain $30000 for 2025 and $10000 Capital Loss Carryover from 2024. The net capital gain for 2025...
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how to fill 'Long-term capital gains and losses' screen for penalty recalculation? I had stock capital gain $30000 for 2025 and $10000 Capital Loss Carryover from 2024. The net capital gain for 2025 was $20000. My actual gain for 1/1/2025 to 3/31/2025 was $ 8000. Should I fill amount $8000? Or fill amount -$2000(8000- 10000) for 1/1/2025 to 3/31/2025? Since I had $10,000 carry over from 2024, I didn't pay estimated tax in early 2025 when I got gain $8,000. If Turbo Tax subtracts $10,000 at end of year, I have to pay penalty for the gain I had at early 2025. It doesn't make a sense for me. What is the right way to fill that screen? Thank you.
11m ago
The development team finds and fixes most all major bugs given the time to do so. Reports are useful, in some cases, but a LOT of what you read posted here on the board as being "bugs" actually t...
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The development team finds and fixes most all major bugs given the time to do so. Reports are useful, in some cases, but a LOT of what you read posted here on the board as being "bugs" actually turn out to be user error.
11m ago
Just chiming in that this is absolutely a TurboTax issue, not an IRS requirement. The logic to properly generate form 8990 is straightforward, although can become somewhat complex when considering al...
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Just chiming in that this is absolutely a TurboTax issue, not an IRS requirement. The logic to properly generate form 8990 is straightforward, although can become somewhat complex when considering all of the potential edge cases. And while ignoring a $4 entry in the name of convenience is a reasonable approach for OP, it is not practical for the many of us where the implications of form 8990 are significant financially. More to the point, this is terrible product transparency. This is not a product that supports K-1s and small businesses if it requires you to go off to fill out forms by hand and figure out how to properly stitch things together.
11m ago
Trying to determine the taxable amount of my retirement disability income on my SC state taxes
12m ago
code "w" in the adjustment column. Enter the disallowed loss as a positive number.
13m ago
The only way to move beyond the error notification was to enter a “0” in this box, or it wouldn’t move forward with submitting.
15m ago
Since you are reporting gas lease income for Pennsylvania, you should follow these guidelines from the Pennsylvania Department of Revenue:
You may deduct expenses you paid or incurred during...
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Since you are reporting gas lease income for Pennsylvania, you should follow these guidelines from the Pennsylvania Department of Revenue:
You may deduct expenses you paid or incurred during the taxable year that are ordinary and necessary for the production or collection of rents and royalties or the management, conservation or maintenance of rents, royalties, patents, copyrights and similar property.
In the case of a gas lease, you can deduct expenses you incur to create the gas lease, such as cost depletion, geological surveys or legal fees associated with the creation of the gas lease. However, real estate taxes are not deductible expenses because they are personal expenses not directly related to the production of the rental or royalty payments.
You may also deduct percentage depletion based on the income you received. TurboTax makes this calculation for you, but you should confirm the calculation is 15%. The deduction is limited to the lessor of your taxable income from the property without regard to the deduction for depletion, or 65% of your taxable income from all sources without regard to the deduction for depletion.
See the PA link above if you have questions about other allowable expenses.
15m ago
USER ERROR WITH SOCIAL SECURITY ENTRY
We have seen a lot of people who made a user error with the entry of their SSA1099. The screen right after you enter the SSA1099 asks you if you lived in cer...
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USER ERROR WITH SOCIAL SECURITY ENTRY
We have seen a lot of people who made a user error with the entry of their SSA1099. The screen right after you enter the SSA1099 asks you if you lived in certain foreign countries in 2025. If you skipped past that screen or answered incorrectly, your Social Security was not taxed correctly. Look at your Form 1040 and see if line 6b was left blank due to that mistake. The IRS is catching those mistakes and correcting them by reducing your refund or increasing your tax due. It is really so important to read every screen slowly and carefully from top to bottom as you prepare your tax return to avoid errors.
17m ago
Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.
Your refund could be offset. The IRS and State Governments have the abil...
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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.
Your refund could be offset. The IRS and State Governments have the ability to offset a refund to pay for certain past due debts. You generally will receive a letter stating what the offset was for. The IRS provides a toll-free number, (800) 304-3107, to call for information about tax offsets.
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?
17m ago
Sounds like something got stuck. You can try these things:
Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu.
Clear Cache and Cookies: This removes old, ...
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Sounds like something got stuck. You can try these things:
Log Out Completely: Before doing anything else, click Sign Out in the TurboTax menu.
Clear Cache and Cookies: This removes old, "corrupted" data that might be confusing the website.
Use an Incognito (Private) Window: This is the most effective "quick fix" because it launches the browser without any saved history or extensions (like AdBlockers) that often interfere with tax forms.
Check Pop-up Blockers: TurboTax often opens forms (like the 1099 PDF) or payment windows in a separate pop-up. Look at the right side of your address bar for a small icon with a "red X"—click it and select "Always allow pop-ups from Intuit."
Restart the Browser: Close all open windows of your browser entirely and then reopen it.
Most TurboTax errors happen because the browser is trying to use an old "session" from a previous visit. By clearing the cache or using Incognito mode, you force the browser to establish a brand-new, secure connection with the Intuit servers.
18m ago
My vehicle registration renewal notice includes "Charlotte VFEE" under the "Vehicle Property Tax Information" section of the renewal. This leads me to believe that the Charlotte VFEE, a fixed fee, i...
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My vehicle registration renewal notice includes "Charlotte VFEE" under the "Vehicle Property Tax Information" section of the renewal. This leads me to believe that the Charlotte VFEE, a fixed fee, is considered a property tax payment. I believe this fee is used for road improvements and transportation. Vehicle Property Tax Information County Mecklenburg .483100 $35.02 City Charlotte .274100 $19.87 City Charlotte VFEE $30.00 Property Tax: $84.89
18m ago
The only way is you need to have the file ending in .tax2024 from the old computer. What do you mean you tried "scanning the files"? Do you have any backups or use OneDrive, etc? You need to...
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The only way is you need to have the file ending in .tax2024 from the old computer. What do you mean you tried "scanning the files"? Do you have any backups or use OneDrive, etc? You need to have the .tax2024 file on the new computer's hard drive. Usually it goes in the C: drive Documents in a Turbo Tax subfolder. Do not put it or save it in Windows OneDrive. I turned OneDrive off when I upgraded my laptop to Windows 11.
18m ago
I want a refund from Turbotax for incorrectly computing amount of taxes owned to IRS.
Topics:
19m ago
If it is a 401(k) or IRA distribution and you are 59 1/2 or or older, and the box 7 code on the 1099-R is 7, then you should select T13 - "I'm eligible; plan's eligible (no PA tax)".
19m ago
This article will help you download any data you had in ItsDeductible (if used previously or during the year before it was shut down in October).
A FMV calculator has been added, but it does no...
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This article will help you download any data you had in ItsDeductible (if used previously or during the year before it was shut down in October).
A FMV calculator has been added, but it does not have the same functionality as ItsDeductible.
We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses. Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon. If you are using TurboTax Desktop, you can also leave feedback at the Final Steps tab.
20m ago
You might need to restart your computer.
20m ago
If you are using the TurboTax desktop program, all your entries should be made in the Step-by-Step mode and not in the Forms themselves.
If you could let us know which state is causing the issu...
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If you are using the TurboTax desktop program, all your entries should be made in the Step-by-Step mode and not in the Forms themselves.
If you could let us know which state is causing the issue you are facing and also provide more information about what you are needing to change for the pension/IRA information for that state, that will be helpful in getting the correct advice to you. Is it a pension/IRA exclusion for the state that is the issue? Or is it a determination of the taxable amount of the pension/IRA for the state that is the issue? Any and all information you can give us will be helpful.
22m ago
Impossible to answer since we cannot see what kind of income you are entering. We cannot see your screen or the tax return you are preparing. The Free Edition can only be used for a very simple r...
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Impossible to answer since we cannot see what kind of income you are entering. We cannot see your screen or the tax return you are preparing. The Free Edition can only be used for a very simple return that does not use any extra schedules or forms.
TurboTax Online: Important Details about Filing Simple Form 1040 Returns
If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible.
Examples of situations included in a simple Form 1040 return (assuming no added tax complexity):
W-2 income
Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B
IRS standard deduction
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
Student loan interest deduction
Taxable qualified retirement plan distributions
Examples of situations not included in a simple Form 1040 return:
Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions
Unemployment income reported on a 1099-G
Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers)
Stock sales (including crypto investments)
Income from rental property or property sales
Credits, deductions and income reported on other forms or schedules
Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
22m ago
Hello again, so we tried in turbo tax following the steps below, we follow and answer all the questions but we never bump into question asking if we withdraw before deadline? It just showed us the t...
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Hello again, so we tried in turbo tax following the steps below, we follow and answer all the questions but we never bump into question asking if we withdraw before deadline? It just showed us the total excess amount and the penalty? Are we missing something? Go to Federal Select Deductions & Credits Scroll to Retirement and Investments Click Start/Update next to Traditional and Roth IRA Contributions Choose Roth IRA Enter your contribution amount