turbotax icon
Announcements
Ask the Experts about Finish & File! >> Event happening TODAY!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

All Posts

If you used a paid version like Deluxe, there are separate fees for federal and state.     TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 104... See more...
If you used a paid version like Deluxe, there are separate fees for federal and state.     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        How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-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/  
@koseungbong , current version does allow  reporting of foreign earned interest without EIN --- just enter the name of the  bank / entity-- leave EIN blank ( if asked for ) and the amount of interest... See more...
@koseungbong , current version does allow  reporting of foreign earned interest without EIN --- just enter the name of the  bank / entity-- leave EIN blank ( if asked for ) and the amount of interest.  Do not try to create a substitute 1099-INT -- in that  TurboTax will ask for EIN.   Hope this helps
Based on your MAGI of $157k and assuming you and your wife are filing jointly, you should be able to fully fund a spousal IRA for your wife in TurboTax.    For you, your deduction starts to disap... See more...
Based on your MAGI of $157k and assuming you and your wife are filing jointly, you should be able to fully fund a spousal IRA for your wife in TurboTax.    For you, your deduction starts to disappear, or phase out, once your joint MAGI reaches $126,000 and is completely gone at $146,000. However, for your wife, as long as she is not covered by a plan at work, which you have confirmed she is not, she should get a full deduction until your MAGI reaches $236,000.   Therefore, if you are not seeing a deduction for your spousal IRA, do the following:   Go to Deductions & Credits, Retirement and Investments, Traditional and Roth IRA Contributions Ensure both your name and your wife's name are checked off for Traditional IRA on the Tell us about your IRAs screen You will need to answer the questions about your contributions for yourself first After your entries, you will be asked questions about your wife's IRA contribution Ensure you do not enter an amount in the "_deductible contributions elected to be non-deductible" when you reach, "_(Wife's name)_ Traditional IRAs" You should then reach, "Your IRA Deduction Summary", which should say, "Good news! Based on what you've entered so far you qualify for an IRA deduction of:" Note: Also ensure there are no W-2s for your wife (perhaps if she did work previously) that might have the, "retirement plan" box checked
I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. Please notify me by adding @AmyC to... See more...
I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. Please notify me by adding @AmyC to your response. If I discover a solution, I will reply. Otherwise, it will be moved on to an investigation team. You can send a token to me by following the directions below: TurboTax Online: Sign into your online account. Locate the Tax Tools on the left-hand side of the screen.  A drop-down will appear. Select Tools  On the pop-up screen, click on “Share my file with agent.” This will generate a message that a diagnostic file gets sanitized and transmitted to us. Please provide the Token Number that was generated in the response. TurboTax Desktop/Download Versions: Open your return. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” This will generate a message that a diagnostic copy will be created. Click on OK and the tax file will be sanitized and transmitted to us. Please provide the Token Number that was generated in the response.
Better double check all your entries especially any state withholding on a W2 or 1099.   And state estimates.   Sounds like you missed entering a decimal point or made a typo.   If you imported any f... See more...
Better double check all your entries especially any state withholding on a W2 or 1099.   And state estimates.   Sounds like you missed entering a decimal point or made a typo.   If you imported any forms I would delete them and enter the manually.   
Please give us some context. Did you get an email about this $100,000? Or did this number come out of TurboTax, as xmasbaby0 says?
It depends.  If you file a Sch C as a trader, you can deduct the fees as business expenses.  If you are a personal investor, it is not deductible. If you borrow money to buy taxable inves... See more...
It depends.  If you file a Sch C as a trader, you can deduct the fees as business expenses.  If you are a personal investor, it is not deductible. If you borrow money to buy taxable investments (like margin interest) it is deductible up to the amount of your net investment income.
does your 8606 have askerisks next to the amounts, if so the calculations are being done on a separate worksheet
another question about same subject.  Now that I moved to NJ return, it wants me to put in the aquired date but that is not given on my 1099B.  do I leave this blank even though it is considering it ... See more...
another question about same subject.  Now that I moved to NJ return, it wants me to put in the aquired date but that is not given on my 1099B.  do I leave this blank even though it is considering it an error or do I type in the same date that it was sold?
Instead of worrying that you are being scammed right away, doubt check the amounts you entered and see if you entered any extra zeros or used a comma instead of a decimal point when you entered infor... See more...
Instead of worrying that you are being scammed right away, doubt check the amounts you entered and see if you entered any extra zeros or used a comma instead of a decimal point when you entered information from your W-2 boxes 16 and 17.
@ksmoot01 , while this whole 1099-DA is new as also check boxes H etc. that you are using, as I understand  form 8453 is required only when you do not report electronically line by line-- i.e. choose... See more...
@ksmoot01 , while this whole 1099-DA is new as also check boxes H etc. that you are using, as I understand  form 8453 is required only when you do not report electronically line by line-- i.e. choose to report summary.   Here is something from the Instructions for  form 8949 --  2025 Instructions for Form 8949 "E-file. If you e-file your return but choose not to report each transaction on a separate row on the electronic return, you must attach Form 8949 to Form 8453 (or the appropriate form in the Form 8453 series) and mail the forms to the IRS. (However, you can't attach a paper Form 8949 to Form 8453-FE.) You can attach one or more statements containing all the same information as Form 8949, instead of attaching Form 8949, if the statements are in a format similar to Form 8949. "   Please see the instruction for the form 8949 to see if you really need to send in form 8453 with detail attachment showing back-up information.   Hope this helps
Can I please have my federal & state tax returns for 2025 filed for $69? I thought it was going to be free?
"TT" means "Total amount of qualified overtime compensation". This is a new code.   Please see the Form W-2 Reference Guide for Box 12 Codes on page 32 in the W-2 Instructions.
I have never experienced these kinds of unexpected "full stop" instructions in the many years I've used TurboTax. Is it just this year's version?
I have already finished my return, but the wrong box is checked. How do I change it.
the round amounts make me think you're referring to individual muni bonds reported on 1099-INT with 1300 in Box 8 and $300 is from NJ.   after you've input the 1099-INT there is an interview screen... See more...
the round amounts make me think you're referring to individual muni bonds reported on 1099-INT with 1300 in Box 8 and $300 is from NJ.   after you've input the 1099-INT there is an interview screen to specify which state the tax ex interest is from.  you can use the "More Than One State" option and put $300 from NJ and $1000 from "Multiple States" but check the outcome on your NJ state return.   But there are some complications if you have any adjustments for premium (Box 13) or accrued interest paid, on a 1099-INT with mixed income types (Box 1 or 3 along with Box 8), or if your Box 8 has a mixture of bonds taxable or tax exempt in your state.  Turbotax can't tell how to apply these adjustments to the right income box or to the subset of bonds taxable in NJ to get the right outcome for your state tax.  The bottom line if you have these adjustments is to split up the 1099-INT, input the muni related boxes separately from other income, and further split it into NJ and non-NJ income.