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26m ago
After entering income & expenses for your rental property, click "Done with Rental Property" and continue to the page "Your Profit or Loss Results So Far."
The next page should be the start of...
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After entering income & expenses for your rental property, click "Done with Rental Property" and continue to the page "Your Profit or Loss Results So Far."
The next page should be the start of the QBI questions for this property. You can answer "No" to QBI Safe Harbor and still claim QBI for the individual property on the next page "Is this Qualified Business Income?"
TurboTax should prepare a QBI Component Worksheet for the property, which you should find under Tax Tools >> Tools >> Delete a Form. If you find this form, you can delete it and go through the property QBI questions again. Or click Back to return to the main screens.
But you may want to go to Tax Tools >> Print Center and preview all the worksheets in your return first (you need to pay before you can view your forms). Line 1 of that worksheet shows QBI income or loss that should be included on your return.
Form 8995 combines QBI from all sources in your return and calculates the QBI deduction that appears on Form 1040 Line 13a.
29m ago
Try to downgrade back to Free. How do I downgrade to a different TurboTax Online product?
You may have had something different this year. Here is a listing of what is included in the Free ...
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Try to downgrade back to Free. How do I downgrade to a different TurboTax Online product?
You may have had something different this year. Here is a listing of what is included in the Free Edition >> Forms in Free
A simple Form 1040 return is one that’s filed using IRS Form 1040 only (no schedules, except for EITC, CTC, student loan interest, and Schedule 1-A). Roughly 37% of taxpayers are eligible.
If you have a simple Form 1040 return only as described above, you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Expert Assist Basic at the listed price.
30m ago
I suggest you write a letter to corporate HQ and you can leave all of the feedback you want but be advised that Intuit does NOT take notes. The developers are all in India and they rarely if ever imp...
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I suggest you write a letter to corporate HQ and you can leave all of the feedback you want but be advised that Intuit does NOT take notes. The developers are all in India and they rarely if ever implement suggestions from users.
32m ago
That's true, but even separately each form does not have many transactions, I have more than 1 form. Also, that's not why I bought TurboTax to enter everything manually. Now, I'm also afraid that it ...
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That's true, but even separately each form does not have many transactions, I have more than 1 form. Also, that's not why I bought TurboTax to enter everything manually. Now, I'm also afraid that it may crash at some other stage too. Once it starts crashing, there is no way for me to restore app to the previous state, so that means if I enter many forms, then if it starts crashing I'll have to start everything over. Why it can't be fixed? I'm pretty sure TurboTax should be collecting crash reports, so it should be easy to fix.
33m ago
Go back to the beginning of the IP PIN interview and answer NO. If the IRS issued you an IP pin (rare), see How do I get my 6-digit IP PIN? Search for IP pin or go to Other Tax Situations and...
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Go back to the beginning of the IP PIN interview and answer NO. If the IRS issued you an IP pin (rare), see How do I get my 6-digit IP PIN? Search for IP pin or go to Other Tax Situations and scroll down to Other Return Info to get back to the interview spot to change your answer to the IP pin question.
35m ago
@Wanysantosbayley wrote:
Can I deduct management fees that were paid from a taxable brokerage account?
They are miscellaneous deductions subject to the 2% rule. They are not deducible fed...
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@Wanysantosbayley wrote:
Can I deduct management fees that were paid from a taxable brokerage account?
They are miscellaneous deductions subject to the 2% rule. They are not deducible federally. However, some states may allow this type of itemized deduction. I think you can list them in Turbotax, and they will flow to your state tax return if you live in one of the states that allows the deduction. But it will not reduce your federal taxes, and may or may not reduce your state income tax depending on your total income, deductions, and other tax situations.
36m ago
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.
You complete your tax return by finish...
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Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.
You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".
After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.
Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.
To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
36m ago
Not helpful. The form just keeps repopulating if you use walkthrough. This is a blatant bug that should be fixed in the program immediately. Ignoring fixing it and just pushing that off with self...
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Not helpful. The form just keeps repopulating if you use walkthrough. This is a blatant bug that should be fixed in the program immediately. Ignoring fixing it and just pushing that off with self-service community workarounds makes Intuit look untrustworthy.
37m ago
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.
You complete your tax return by finish...
See more...
Did you e-file your tax return and was it accepted? Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.
You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".
After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.
Note - Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund. Only the taxpayer listed on the tax return can obtain the status of a tax refund or a tax return.
To check the status of an e-filed return, open up your desktop product or log into your TurboTax Online Account. You can find your status within the TurboTax product. If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds
If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...
After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
37m ago
if you have no other income, there is no benefit to even file....
37m ago
If you do not have at least $2,500 of earned income on your tax return, you will not be eligible for the child tax credit.
38m ago
The only thing that you need to change is the partnership basis. Your basis in the partnership is zero. You received 3000 shares in exchange for the initial $50,000 investment. That reduced your b...
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The only thing that you need to change is the partnership basis. Your basis in the partnership is zero. You received 3000 shares in exchange for the initial $50,000 investment. That reduced your basis to zero. So change that and you will have no loss for the ending of the partnership this year.
When you sell the 3000 shares you will have to enter a basis for them so that you can determine whether there is a gain or loss on the sale of the shares. Your basis in the 3000 shares is the $50,000 investment that your wife made back in 2020. It does not come into play - just like the shares - until the sale happens.
So there should be no loss this year.
39m ago
Federal tax not processed with information provided
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39m ago
The e-file website and the toll free number didn't give me any information about my return.
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39m ago
You have to leave the app visible in its own window. You need to open a new window to access your email and get the verification code.
39m ago
The amount of state taxes paid for 2025 on Schedule A Line 5 is being reduced by $2,554 and the Schedule A line 5 worksheet line 19 is showing an amount of $2,554 which is reducing my state taxes pai...
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The amount of state taxes paid for 2025 on Schedule A Line 5 is being reduced by $2,554 and the Schedule A line 5 worksheet line 19 is showing an amount of $2,554 which is reducing my state taxes paid amount for 2025. In 2024 I used the Standard Deduction. I received a Massachusetts state tax refund in 2025 for 2024 in the amount of $13,924 which TT is saying is not taxable. Could the refund I received in 2025 of $13,924 be impacting my deductible state taxes paid for 2025? If so, how can I verify if the $2,554 reduction is correct and what would it be based on?
39m ago
I have a work as a 2025 I’m on SSDI. How can I clean my children as tax credit? The kids are not on my SSVI plan
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39m ago
You need to go to the Wages and Income section, then Investment Income, then Stocks, Cryptocurrency, Mutual Funds, Bonds, Other and update that section. On the first screen you come to you will see a...
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You need to go to the Wages and Income section, then Investment Income, then Stocks, Cryptocurrency, Mutual Funds, Bonds, Other and update that section. On the first screen you come to you will see a list of your Ebay sale items. You need to edit them and enter in the cost basis and other information requested regarding each sale. Since you sold 300 items though, it seems like you are self-employed, in which case you could choose that option for the type of property sold, in the section where you enter the 1099-K, and then you would not have to report the cost of each item separately. In that case, however, your income would be considered self-employment income and you would be subject to self-employment tax. If you go the self-employment route, after you enter your Form 1099-K sales, you need to go to the self-employment section to enter in the cost of the items sold as one entry.