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How can I get my information from Turbo Tax 2024 into Turbo Tax 2025?
If you mailed your return already, you will have to wait until your return is processed, you will not be able file a return electronically.  If you have not mailed your return, you can go back to you... See more...
If you mailed your return already, you will have to wait until your return is processed, you will not be able file a return electronically.  If you have not mailed your return, you can go back to your TurboTax account and check to see what the status of your return is.  If you used TurboTax Online, you can see the status of your return on  the Tax Home screen of your account.  You should have also received emails updating you on your return status.     If you used TurboTax Desktop: Select File. Select Check E-file status. If your return was not filed, you can go through the return and file it.   If it's been accepted, track your refund at the IRS Where's My Refund? site. You'll need your Social Security number or ITIN, filing status, and the exact amount of your refund to check your status, which you'll find on the first screen after signing in to TurboTax. If you mailed your return, wait 4 weeks after mailing your return before using the tool. If it's rejected, fix your return and file it again. If it's pending, wait until your return is accepted.   If it's been more than 21 days since your e-filed return was accepted, you can call the IRS directly to check on your refund status. Go here to track your state refund.  
We made stock donations to several non-profits and TurboTax is asking me for the value of the stock.
In TurboTax Online, follow these steps to report that you are a dependent of another taxpayer:     Click on My Info down the left side of the screen. At the screen Let's check for some othe... See more...
In TurboTax Online, follow these steps to report that you are a dependent of another taxpayer:     Click on My Info down the left side of the screen. At the screen Let's check for some other situations, scroll down to Select any other situations that apply. Select Another taxpayer can claim me as a dependent on their tax return.  
Yes, you should remove the New York line in the New Jersey "Taxable State Wages" section.  This is to determine the correct amount of income to tax, so if you do not remove the New York income line y... See more...
Yes, you should remove the New York line in the New Jersey "Taxable State Wages" section.  This is to determine the correct amount of income to tax, so if you do not remove the New York income line you will pay on double your income.  If you remove the New Jersey line, you will not be reporting the correct New Jersey taxable income.     As a New Jersey resident working in New York, New Jersey taxes all your income, but you receive a credit for taxes paid to New York. The differing amounts are typical due to different state tax rules.      
The IRS has ruled that staking rewards become taxable once the taxpayer "acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency."    You will convert your st... See more...
The IRS has ruled that staking rewards become taxable once the taxpayer "acquires the ability to transfer, sell, exchange, or otherwise dispose of the cryptocurrency."    You will convert your staking rewards to US dollars if they have noy been issued as U.S. dollars. Follow these steps to enter your staking rewards in TurboTax as other income:    Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Click Show more to the right of Less Common Income. To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button. To the right of Other reportable income, click the Start / Revisit button. At the screen Other Taxable Income, enter a description such as “Cryptocurrency rewards” and an amount.  The entries will be reported:    on line 8z of Schedule 1 of the Federal 1040 tax return, and  on line 8 of the Federal 1040 tax return. Regarding csv files, thank you for your patience while we get these automated tools ready for you.   @alejoide 
You don’t need to do anything on your tax return. Since you are simply the owner of the account and your parents are the ones giving the money, there is nothing for you to report to the IRS or enter ... See more...
You don’t need to do anything on your tax return. Since you are simply the owner of the account and your parents are the ones giving the money, there is nothing for you to report to the IRS or enter into TurboTax.   In the United States, the recipient of a gift (whether it's you or your sons' 529 accounts) never pays taxes on that gift or needs to report it. If the amount is very large, specifically over $19,000 per person in a single year, the person giving the money (the grandparents) might need to file a gift tax form, but even then, they likely won't owe any actual taxes.
Leave it blank, it is not required to file a tax return. If you still get an error then delete the W-2 and re-enter manually to clear the error.
It is limiting your allowed contribution because for self-employment individuals the 25% contribution limit is calculated using net earnings after subtracting half of your self-employment tax, and no... See more...
It is limiting your allowed contribution because for self-employment individuals the 25% contribution limit is calculated using net earnings after subtracting half of your self-employment tax, and not your gross income of $257,304.   TurboTax is properly applying a special IRS (circular) calculation required for self-employed individuals. This lowers your maximum contribution rate from 25% to approximately 20% of your net income.   It is calculated something like this:   If your Gross Profits were:                                            $257,304 Subtract one half of your SE tax say it is                       $15,000  Your Net Earnings for your SEP:                                   $242,304 $243,000 x 20% (assuming an effective rate of 20%)  $48,460  If you have another qualified defined  contribution plan (like a 401(k)), the total across all plans is added together.   See also:   Where do I enter my SEP IRA contributions? Publication 560   If you have additional information or questions regarding this, please return to Community and we would be glad to help.
You enter each bank interest earned individually.   To report interest income received - Click on Federal Taxes (Personal using Home & Business) Click on Wages and Income (Personal Income usin... See more...
You enter each bank interest earned individually.   To report interest income received - Click on Federal Taxes (Personal using Home & Business) Click on Wages and Income (Personal Income using Home & Business) Click on I'll choose what I work on Investments and Savings  On Interest on 1099-INT, click on the start or update button Online returns - On the screen Did you have investment income in 2025? Click on Yes On the screen Let's import your tax info, click on Enter a different way On the screen OK, let's start with one investment type, click on Interest and Continue On the screen How would you like to upload your 1099-INT? Click on Type it in myself
> From the Review your 1099-R summary page, click the trash can next to the Canadian pension.   There *IS NO* Canadian pension listed!
I did finally go in and revise the brokers 1099-DIV to remove the foreign dividends and taxes and created separate 1099-DIV's for each country.  Then I linked each to the appropriate form1116.  Thank... See more...
I did finally go in and revise the brokers 1099-DIV to remove the foreign dividends and taxes and created separate 1099-DIV's for each country.  Then I linked each to the appropriate form1116.  Thanks for everyone's help on this.  It is an area TT should address with a clean solution, as it appears it has been out there for years frustrating many TT customers.
So the bonuses were earned through my company for sales; however, they paid the 1099-NEC through another LLC they own. It was not for contract work or for self employed services. Seems like a sketchy... See more...
So the bonuses were earned through my company for sales; however, they paid the 1099-NEC through another LLC they own. It was not for contract work or for self employed services. Seems like a sketchy loophole on their part. 
Hi All,   I am the parent with 529 account for my two sons as Beneficiary. My parents (the grandparents) contributes to the 529 account. How could I file the tubortax about receiving this gift?   ... See more...
Hi All,   I am the parent with 529 account for my two sons as Beneficiary. My parents (the grandparents) contributes to the 529 account. How could I file the tubortax about receiving this gift?    
Is this 'Excess' from the rollover from Employer ESOP to traditional IRA?
I completed form 4684 for a Ponzi Type Scheme loss and also completed page 3.  When running the ssmart error check as part of the return finalization, I receive a message that Form 4864 Property "Des... See more...
I completed form 4684 for a Ponzi Type Scheme loss and also completed page 3.  When running the ssmart error check as part of the return finalization, I receive a message that Form 4864 Property "Description should not have an entry.  You have indicated this is Rev Proc 2009-20 Ponzi Type loss so you must complete page 3. Section C of form 4684".  I have completed that form.  So when I take out the description of the property and re-run smart check, I get a new error message that Property description must be entered.  If I correct this I go back to the same error message I previously had.  What do I do to get out of this circular loop? 
Under BOX 1099 INT how and where do I enter interest for 3 banks have account with