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If you want an extension: EXTENSION   https://turbotax.intuit.com/irs-tax-extensions/     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-per... See more...
If you want an extension: EXTENSION   https://turbotax.intuit.com/irs-tax-extensions/     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-extension/need-file-extension-personal-state-taxes/L32Mt8ZNv_US_en_US?uid=m9a3q808           To prepare 2023:   You cannot change the tax year.   The current online program is for 2024 only.   Only a 2024 return can be prepared online and only a 2024 return can be e-filed.   Online preparation and e-filing for 2021, 2022, and  2023 is permanently closed. Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.   To file a return for a prior tax year  If you need to prepare a return for 2021, 2022, or 2023  you can purchase and download desktop software to do it, then print, sign,  and mail the return(s) https://turbotax.intuit.com/personal-taxes/past-years-products/ You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.   Remember to prepare your state return as well—if you live in a state that has a state income tax.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0   When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.    
You can delete the Form 2555 Foreign Earned Income by following these steps:   1. Choose the Tax Tools option on your left menu bar while working on your return 2. Choose Tools 3. Choose the ... See more...
You can delete the Form 2555 Foreign Earned Income by following these steps:   1. Choose the Tax Tools option on your left menu bar while working on your return 2. Choose Tools 3. Choose the Delete a form option under Other Helpful links  4. Find the Form 2555 in the list and delete it   You are at risk in a business to the extent you have money invested in it that you haven't recaptured. For instance, if you invested $10,000 in your business and it earned a profit of $5,000 in the first year, you would then be at risk for $15,000 in the business. If you then withdrew $15,000 from the business , you would be at risk for $0, since you recovered your original investment plus $5,000 that it earned.   Once your at risk goes below $0, you would say you are not at risk in the business.  It matters because you can't deduct business losses once your at risk goes below $0.        
The deadline for recharacterizing (not converting) to a traditional IRA is October 15, 2025 if you request a filing extension or file your 2024 tax return by April 15, 2025.   Again, it's not a con... See more...
The deadline for recharacterizing (not converting) to a traditional IRA is October 15, 2025 if you request a filing extension or file your 2024 tax return by April 15, 2025.   Again, it's not a conversion.  The movement of the funds from the Roth IRA to a traditional IRA is a recharacterization which causes the contribution to be treated as if it had originally been made to the traditional IRA.  To report the recharacterization in TurboTax you must enter the original Roth contribution, then tell TurboTax how much of this contribution (without regard to any earnings) was "switched" to be a traditional IRA contribution instead.  TurboTax will then prompt you to prepare the required explanation statement.   If you subsequently decide to to a Roth conversion from the traditional IRA to a Roth IRA, that will be reportable on the tax return for the year in which you do the Roth conversion.
If Social Security is your ONLY income you are not required to file a tax return.   Who has to file? http://www.irs.gov/uac/Do-I-Need-to-File-a-Tax-Return%3F  
If you only get Social Security you do not have to file a tax return unless they took out tax withholding you want to get back.  Or unless you get a 1095A for health insurance from the Marketplace.  ... See more...
If you only get Social Security you do not have to file a tax return unless they took out tax withholding you want to get back.  Or unless you get a 1095A for health insurance from the Marketplace.   
Enter the 1099R manually under Federal Taxes Wages & Income Then scroll way down to Retirement Plans and Social Security Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start  
I am 88 widowed and draw 18,5600 a year do I have to file taxes?
need help 2024 Premier
I want to be clear. Are you saying that you have a Schedule C business and that you have an ACA health policy through this business, AND that policy also has your child? And you wanted to allocate 10... See more...
I want to be clear. Are you saying that you have a Schedule C business and that you have an ACA health policy through this business, AND that policy also has your child? And you wanted to allocate 100% of the ACA policy to you and 0% to your child (which is common)?   Yes, TurboTax says that this is not supported.    Yes, it appears that just ignoring the child like Marilyn described should work (and apparently did for kenbarnes9).   Your response to any IRS questions would be "I did this to work around software limitations, but more importantly: it doesn't change my taxable liability". Sounds good to me.   @kenbarnes9  @bkrett01   
I finished entering my information for some self-employment and I checked the calculation of the self-employment tax and received the following: "The self-employment tax came from self-employment inco... See more...
I finished entering my information for some self-employment and I checked the calculation of the self-employment tax and received the following: "The self-employment tax came from self-employment income of $382 and a tax rate of 329.58%. This comes from taxes you pay for Medicare and Social Security. The $1,259 you owe in self-employment tax is included in your refund amount". I am very confused, does this make sense to anyone else?
Yes, you should be able to finish and file your return.
Make sure that you have marked the boxes in TurboTax that indicate that the W-2 belongs to you and not to your spouse.
I have the 1099-R for the Alger Family of Funds, but the program won't allow me to input info. How to input info?
I just edited the above, including adding the last 2 paragraphs. 
For a capital loss carryover - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (i... See more...
For a capital loss carryover - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Under Investment Income On Capital Loss Carryover, click the start or update button
Turbo Tax did not transfer my return information from last year to this year. I need to enter the short term carryover loss manually. I did not have any stock transactions this year.
Unless you own or rent the space you can’t claim it as a home office. 
The treatment of website development costs depends on whether they are considered startup costs or capital expenditures. Since your website is not yet placed in service, the costs incurred in 2024 ma... See more...
The treatment of website development costs depends on whether they are considered startup costs or capital expenditures. Since your website is not yet placed in service, the costs incurred in 2024 may be classified as startup costs, which are subject to specific tax rules.   Under IRS guidelines, businesses can deduct up to $5,000 in startup costs in the first year, provided total startup expenses do not exceed $50,000. Any remaining costs must be amortized over 15 years. Since your total website development costs for 2024 are $5,560, you may be able to deduct $5,000 immediately and amortize the remaining $560 over time.