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It’s there.  Check again.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Item... See more...
It’s there.  Check again.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    
Why does Turbotax not include the $6,000 senior deduction?
As rjs mentions above, to repay your Premium Tax Credit in TurboTax, you will enter your Form 1095-A (Health Insurance Marketplace Statement). TurboTax will automatically use this to fill out Form 89... See more...
As rjs mentions above, to repay your Premium Tax Credit in TurboTax, you will enter your Form 1095-A (Health Insurance Marketplace Statement). TurboTax will automatically use this to fill out Form 8962, which compares your estimated credit to the actual credit, resulting in an automatic repayment if you have received too much.   Specifically, your repayment of excess Advance Premium Tax Credit is reported on Form 1040, Schedule 2, Line 1a. This amount, which is calculated on Form 8962, increases your total tax liability, resulting in a smaller refund or a larger balance due.   To get to your screen in TurboTax where you can enter this Form 1095-A information you can:   Click on "Search" at the top right of your TurboTax screen, Type "Form 1095-A" into the search bar and Click on the link "Jump to Form 1095-A". Enter the numbers exactly as they appear on your 1095-A, including monthly premiums, SLCSP, and APTC. If your final annual income is higher than the estimate you gave the marketplace, you must repay the excess premium tax credit.   E-file your return with Form 8962 attached. Do not mail your 1095-A to the IRS.   See also;  What is the Premium Tax Credit (PTC) and What is Tax Form 8962?   Where do I enter my 1095-A? What is Form 1095-A: Health Insurance Marketplace Statement   Please return to Community if you have any additional information or questions and we would be happy to help.  
If a rental loss from Schedule E is reducing your current year taxable income on your Form 1040 and also appearing on a Federal Carryover Worksheet, it usually means that your total loss is larger th... See more...
If a rental loss from Schedule E is reducing your current year taxable income on your Form 1040 and also appearing on a Federal Carryover Worksheet, it usually means that your total loss is larger than what you are allowed to fully deduct in the current year, or larger than your other income.   For example, if your rental is considered a passive activity, but you actively participate in managing it, the IRS allows you to deduct up to $25,0000 of your rental losses against your non-passive income (e.g. W-2 wages), provided your Modified Adjusted Gross Income is under $100,000 (Phases out between $100,000-$150,000).    Therefore, if your rental losses were $35,0000, the first $25,000 will successfully flow through your Form 1040, reducing your taxable income. The remaining $10,000, however, is suspended and shows up on your Carryover Worksheet for future years.   Also, bear in mind that some states do not allow the same $25,000 deduction that the Federal government does, so the worksheet keeps that data ready in case your state return needs to add back the loss.   To ensure your entries are correct, review your Form 8582 (Passive Activity Loss Limitations). Part II will show how much loss was allowed (should match your 1040). The Carryover Worksheet will show zero (0), if there is no carryover amount, or the specific amount that exceeded your limit, which can be applied in future years.
Please clarify the type of "inc" that owns your owner-occupied rental. How your report the income and expenses for this property depends on the entity type.
If all income reported on the California Schedule K-1 was sourced in CA, then you would enter the same amount during the CA interview that is reported on the K-1. Be sure it's asking for the Californ... See more...
If all income reported on the California Schedule K-1 was sourced in CA, then you would enter the same amount during the CA interview that is reported on the K-1. Be sure it's asking for the California portion and not an adjustment. If it's asking for the CA adjustment amount, you would leave the box blank.
@AmeliesUncle and I would prefer to identify a IRS or Healthcare.gov source, but this is a non-for-profit website.....   Can a person qualify for a premium tax credit on her own if she could be cla... See more...
@AmeliesUncle and I would prefer to identify a IRS or Healthcare.gov source, but this is a non-for-profit website.....   Can a person qualify for a premium tax credit on her own if she could be claimed as a dependent on another taxpayer's return but is not claimed?   No. A person who qualifies as a taxpayer’s dependent cannot claim themselves and so cannot claim the premium tax credit independently. Even if a taxpayer decides or agrees not to claim a dependent, that doesn’t make the dependent eligible to claim herself.   For example, let’s look at Bob, who is caring for his uninsured mother, Marie. Bob provides more than half of Marie’s support and Marie has no income. Marie qualifies as Bob’s dependent. He wants to enroll Marie in a marketplace plan, but Bob’s income is too high to qualify for marketplace subsidies. Even if Bob chooses not to claim Marie as a dependent on his tax return, Marie is not eligible to claim herself on a separate tax return. Because Marie qualifies as Bob’s dependent—whether or not he claims her on his tax return—she cannot qualify for PTC on her own. If Bob claims Marie as a dependent at tax time, any APTC Marie received during the year will be reconciled on Bob’s tax return based on his income and may need to be repaid if his income exceeds 400 percent of poverty.   Any maybe you are reacting to my statement of the "whole thing".  Let me clarify.    What I meant was if the dependent files a tax return with form 1095A, and correctly checks the box that they CAN be claimed by someone else, then the entire PTC would have to be repaid.  And that would occur whether or not the dependent is actually claimed by someone else.    If the parents file the 1095A form with their tax return (whether or not they claim the dependent), then the repayment is subject to the parent's income, which may or not require repayment. 
Feuillet T3 49 = 0.02 50 = 0.03 21 = 0.17 26 = 0.11 42 = 0.03   Relevé 16 A = 0.17 (si je clique sur la case A, ce montant est déjà inscrit, mais il n'apparaît pas sur le sommaire, je dois cl... See more...
Feuillet T3 49 = 0.02 50 = 0.03 21 = 0.17 26 = 0.11 42 = 0.03   Relevé 16 A = 0.17 (si je clique sur la case A, ce montant est déjà inscrit, mais il n'apparaît pas sur le sommaire, je dois cliquer sur la case pour le voir) C1 = 0.02 G = 0.11 I = 0.03 M = 0.03
VolvoGirl - The TurboTax instructions are misleading. I entered the bond premium in the 1099-INT screen.  After I hit  continue, another screen is presented that asks "Do any of these uncommon situat... See more...
VolvoGirl - The TurboTax instructions are misleading. I entered the bond premium in the 1099-INT screen.  After I hit  continue, another screen is presented that asks "Do any of these uncommon situations exist?" When you click "learn more", the instructions say "Here are some common reasons why an interest amount may need an adjustment". One of the items listed is:   Amortization of a Bond Premium: If you pay more for a bond than its face value, the excess is called a premium. You may be able to subtract part of this premium from your interest each year.   So BOTTOM LINE - the above indicates that the tax payer should specify the bond premium here again. Hence the doubling of the bond premium on Schedule B. This is the answer - not input of the 1099-INT twice or manually importing it. Turbo tax needs to modify the language in this popup to save others from the same confusion. Thanks.   
There is no deduction for Investment Fees and Expenses unless you filing as a professional trader.  They were part of Other Miscellaneous Deductions and were only deductible to the extent they exceed... See more...
There is no deduction for Investment Fees and Expenses unless you filing as a professional trader.  They were part of Other Miscellaneous Deductions and were only deductible to the extent they exceeded 2% of your AGI.  Those deductions were suspended from 2018–2025 by the Tax Cuts and and Jobs Act, and then permanently eliminated with the One Big Beautiful Bill Act. 
If you are unable to identify the missing or invalid data on CA Form 568, you will need to print and mail the form to allow the state to respond in more detail. Go here: https://www.ftb.ca.gov/profes... See more...
If you are unable to identify the missing or invalid data on CA Form 568, you will need to print and mail the form to allow the state to respond in more detail. Go here: https://www.ftb.ca.gov/professionals/busefile/Business_eFile_Waiver_Request.asp and request an e-file waiver so that you can paper file this form.    You will then print and mail Form 568 to this address: FRANCHISE TAX BOARD  PO BOX 942857  SACRAMENTO CA 94257-0501
Do you mean your SSA-1099, which shows your Social Security benefits? You should have received it in the mail. If you don't have it, go to the following link on the Social Security web site for ways ... See more...
Do you mean your SSA-1099, which shows your Social Security benefits? You should have received it in the mail. If you don't have it, go to the following link on the Social Security web site for ways to get a copy of your Form SSA-1099. Get tax form (1099/1042S)  
How do I go back to the income area since it has reviewed my Federal taxes?
I have received 2 calls from turbo tax with someone who left  voicemail asking me too call regarding an 'important update' to my tax return... is this a legit phone call? I filed using turbotax onlin... See more...
I have received 2 calls from turbo tax with someone who left  voicemail asking me too call regarding an 'important update' to my tax return... is this a legit phone call? I filed using turbotax online and there are no notifications or pop ups when I log in about ang updates and i havent received any emails
No, the SDI amounts are not taxable for New Jersey.  The SDI amount represents a mandatory contribution (tax) withheld from your wages, not income.   It is not added to NJ state wages.     Unli... See more...
No, the SDI amounts are not taxable for New Jersey.  The SDI amount represents a mandatory contribution (tax) withheld from your wages, not income.   It is not added to NJ state wages.     Unlike the items you mentioned (IRC 414H, IRC 125, etc.), SDI is an after-tax deduction for state purposes. It does not get "added back" because it was never excluded from your NJ Gross Income in the first place.
Fix this message, there is nothing called " Click on Wages & Income at the top"   Can't find any option named this on turbotax.  
If you already entered your transactions in to TurboTax, you do not need to send your 1099-DA to the IRS unless you get a request from TurboTax.  If you get the request, you will need to print a Form... See more...
If you already entered your transactions in to TurboTax, you do not need to send your 1099-DA to the IRS unless you get a request from TurboTax.  If you get the request, you will need to print a Form 8453  and mail it with the necessary documents within 3 business days after your return is accepted.     How do I import my digital asset transactions into TurboTax? How do I mail Form 8453?