All Posts

@nobodywang the contribution itself should not be affecting tax but during that process you may have been asked for the market value of your Trad IRA(s) as of 12/31/25 which affects the tax calculation on any distributions or conversions if it's not zero, since that may mean you also have pre-tax earnings in your Trad IRA(s).  Suggest checking Form 8606 to see what is happening and why you have a tax impact and provide more details here.

Just to be certain.  The IRS will issue a paper check if I cannot enter the direct deposit information into my account, correct?  My IRS Notice CP53E does not mention that a paper check will be issued, it just says that I have 30 days to respond.  The Turbo Tax software did not indicate that a paper check was going away or that there would be any problems getting one. I am still waiting for an "online interview " with ID.me.  The email said that they were backed up but that this step was required to complete me setting up an account. Thanks,

Las declaraciones de impuestos federales se toman aproximadamente 21 días asumiendo que todo está bien y que no le hayan mandado alguna carta.    Si reclamó dependientes y en su declaración están incluidos los créditos de los niños y/o el crédito tributario por ingreso EITC, el IRS tomará un poco más de tiempo en emitir su reembolso.   Puede seguir monitoreando su declaración en la página del IRS, la cual le comparto en el siguiente enlace: Rastrear mi Reembolso  

You cannot change the tax year.   The current online program is for 2025 only.   Only a 2025 return can be prepared online and only a 2025 return can be e-filed.   Online preparation and e-filing for 2022, 2023, and  2024 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 2022, 2023, or 2024  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.  

Are you trying to pay with your refund?   We're aware that some customers are experiencing issues when trying to file and pay with their refund.  We're actively investigating this issue.     If you want to file now, you can do so by changing to paying your TurboTax fees with a credit card instead of using the pay with my refund option.    Please, follow these steps.

Helpful TurboTax Articles: What if I can't import my 1099? How can I fix my 1099 import issue? How do I import my 1099s? How do I enter a large number of stock transactions in TurboTax? If you received a "Success" message but your data hasn't appeared in TurboTax, it is likely due to recent browser security updates regarding Local Network Access.   To fix this you need to allow TurboTax to securely retrieve your data through your browser settings: Locate the View Site Information icon (the "tune" or "lock" icon) on the far left of your address bar, just before the URL. Find Local Network Access in the dropdown menu. Toggle the switch to ON. Refresh the page and attempt your import again. What do I do when my data isn't imported into TurboTax Desktop even though it says successful import in my browser? If permissions aren't the issue, one of the following factors may be at play: Brokerage Delays: While most forms arrive by January 31, many brokerages delay Consolidated 1099s (like the 1099-B) until mid-February due to complex reporting requirements. Availability: Your brokerage must specifically "release" the import file to TurboTax. If it isn’t ready, we recommend checking back. Connection Blocks: Active VPNs or aggressive Anti-Virus software can occasionally block the import feature between your bank and TurboTax. Try disabling them temporarily or switching to a different browser.

You can link account and enter manually without losing information.   Business use of home expenses are completely separate from your ordinary and necessary business expenses. These expenses, like utilities, etc., will be entered in a separate section.  Quick Links for Self-employed & Gig Workers!

If you used TurboTax last year and mailed in your return, there will still be a record of it. You will have to use the same user ID.   Steps to Access Your Previously Filed Return Sign into TurboTax Go to Tax Home Scroll down to the Your tax returns & documents section. Download/Print:  Select the tax year (e.g., 2024) and  Choose Download/print return (PDF).  If you cannot find your return, ensure you are using the same user ID used to file, as TurboTax online accounts are specific to one user.   

No, you generally cannot deduct those expenses to offset your rental income. By renting to your niece at below the FMV, the IRS treat this as Personal/Not-for-Profit. You report ‌income, but cannot deduct operating expenses or depreciation.   While you can't deduct the lawn maintenance, you can still deduct "ownership" expenses that any homeowner would be allowed to claim, provided you itemize your deductions on Schedule A:   Mortgage Interest: The portion of interest allocated to the rental period. Property Taxes: Your state and local tax deduction (subject to the $40,000 SALT cap in 2025).

Hey Amy. Thanks for the reply. Not sure I'm understanding your note. To another user's comment in this thread, it does seem like TurboTax is confusing itself on definitions. Wording aside, if you look at what I noted, Turbotax is noting "Maximum allowed to qualified plans" is $36,162. I see they got this value on the Keogh, SEP, Simple Contribution worksheet, by using the formula (Net Income - 1/2 SE)*20%. This is what I know to be true when it comes to allowed employer contribution. So confused when I have $23,500 for roth, on later screens it notes $12,622 as the amount to be contributed. Roth is not deductible, so unclear what it's logic is. 

The updated 1040 is part of the amendment. Do you 2 blank pages at the beginning? If so, that is related to the acrobat adobe pdf software loaded on your computer. You may need to update your adobe software.   If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.  You must first wait until the initial return is completely processed.  You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start new at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment  Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download 

I think not.  The issuer of the IRS form 1099-DIV is charged with determining whether the transaction reported meets the requirements of a qualified dividend.   Are you referring to dividends that have not been reported on an IRS form 1099-DIV?  Or do you have information about a specific investment?  Please clarify.   If so, Instructions for IRS form 1099-DIV may be found on page two:   Qualified Dividends    Except as provided below, qualified dividends are dividends paid during the tax year from domestic corporations and qualified foreign corporations.    Exceptions   The following dividends are not qualified dividends.....

I would enter $xx3 in box 1, xx1 in  box 2 and xx2 in box 3. But if you're really afraid that will upset the IRS (since box 2 is the potentially taxable amount), put xx2 in box 2 and xx1 in box 3. Either way, any resulting tax calculations will never be off by more than $1. But, in the 2nd example the $1 will be in the IRS's favor. 

Yes, TurboTax Business supports these filings, but they are handled in different sections of the software because they serve two different purposes.   The "65-day rule" allows you to treat a distribution made in early 2026 as if it happened on December 31, 2025. How TurboTax handles it: You do not need Form 1041-T for the 65-day rule itself. Instead, you simply check a box on Page 3 of Form 1041 (under "Other Information," Question 6).    In TurboTax Business, go to the Federal Taxes tab > Other > Elections. Look for the checkbox that says: "Check this box if the trust is making a Section 663(b) election."   You only need to file Form 1041-T if the trust made estimated tax payments during the year and you now want to "give" those tax credits to the beneficiaries so they can use them on their own 1040 returns. While Form 1041-T also has a 65-day filing deadline (March 6th for calendar year trusts), it is a separate election (Section 643(g)).    In TurboTax, this is usually found under the Federal Taxes tab > Deductions > Estimated Taxes. 

There are several possible solutions to correct this. Double check that your credit card billing address matches your "My Info" section exactly.   Clear your browser's cache and cookies,  Switching to a different web browser Use Incognito/Private mode. Top right, 3 dots; third item  New Incognito Widow.