turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

All Posts

In TurboTax, Required Minimum Distribution (RMD) information doesn't have its own standalone entry box on the main menu. Instead, it "populates" as a series of follow-up questions triggered after you... See more...
In TurboTax, Required Minimum Distribution (RMD) information doesn't have its own standalone entry box on the main menu. Instead, it "populates" as a series of follow-up questions triggered after you enter your 1099-R forms.   After the 1099-R entry, TurboTax will present a screen titled "Tell us if this was a Required Minimum Distribution. If you took the full amount: You will select "This was an RMD" and "The entire distribution was an RMD." This tells TurboTax you have met your obligation.
Follow these steps to report 199A income from your partnership K-1.    At the screen Enter Box 20 info, select code Z Section 199A information.  No amount is entered. Click Continue. At ... See more...
Follow these steps to report 199A income from your partnership K-1.    At the screen Enter Box 20 info, select code Z Section 199A information.  No amount is entered. Click Continue. At the screen We need some information about your 199A income, you may need to enter the following information:    Ordinary business income (loss) from this business, or    Rental income Enter these values for the qualified business income deduction to be calculated.  The preparer of the K-1 information should have generated information for you on a Statement A.  
You need to go back and amend your prior returns to correct your cost basis. Using an incorrect cost basis is a mathematical or posting error that cannot be corrected with Form 3115.
I agree VolvoGirl however I think I confused the discussion when I replied this Thank you for the replies but still a bit confused where does it actually say Married Filing Separately  is $0? Every... See more...
I agree VolvoGirl however I think I confused the discussion when I replied this Thank you for the replies but still a bit confused where does it actually say Married Filing Separately  is $0? Everywhere I looked it says for over 65 yrs of age single filing separate the Standard Deduction was 17,750 of your total gross income.  ----- But in any case yes she is a single widow that should file single not Married filing separate. And 1/2 her SS + her retirement taxable distribution is less than 25,000
If you used TurboTax Do It Yourself (Online), then you can login to TurboTax Canada TurboTax Do It Yourself (Online) 2025 here: https://ww1.2025.ca.turbotaxonline.intuit.com/  Please make sure you ... See more...
If you used TurboTax Do It Yourself (Online), then you can login to TurboTax Canada TurboTax Do It Yourself (Online) 2025 here: https://ww1.2025.ca.turbotaxonline.intuit.com/  Please make sure you login into the same account that you used when you prepared your returns.   If you used TurboTax Desktop, then the returns are only stored on your computer. Check your Documents folder, or use Windows search to look for .tt25 files.    
I think the reason why it is used at a higher because it is classifying this as self-employment income. The secret is to ignore the "1099-MISC" section entirely and enter the money in the Education s... See more...
I think the reason why it is used at a higher because it is classifying this as self-employment income. The secret is to ignore the "1099-MISC" section entirely and enter the money in the Education section. This moves the income to Schedule 1, Line 8r, which tells the IRS: "This is a scholarship. Use my full student standard deduction to shield.  Here is how to handle this in TurboTax.   Step 1: Delete the current 1099-MISC If you already entered the 1099-MISC in the "Income" section, you must delete it to stop the software from generating a Schedule C (Business) form.   Go to Wages & Income. Find Self-Employment or 1099-MISC. Click the Trash Can icon next to that entry. Step 2: Report it as a "Taxable Scholarship" (The Fix) This is the only way to get TurboTax to treat the money as "earned income" for your standard deduction.   Go to Deductions & Credits. Find the Education section and click Expenses and Scholarships (Form 1098-T). Follow the prompts. Even if you didn't get a 1098-T form from your school, say "Yes" when it asks if you attended school. When asked "Did you receive a 1098-T?", select "No, I qualify for an exception" (This is a common path for fellowship recipients). Continue through the screens until you reach the Scholarships and Memorial Grants screen. The Key Entry: Enter the full amount of your 1099-MISC fellowship in the box for "Other Scholarships/Grants" (not shown on a 1098-T). Step 3: Categorize it as "Taxable" TurboTax will now ask if any of that scholarship was used for Room and Board. Select "Yes" and enter the portion you want to be taxable (usually the whole amount if your tuition was already covered). Why? Scholarships used for tuition are tax-free. Scholarships used for "Room and Board" are taxable. By telling the software you used it for Room and Board, it correctly moves the money to Schedule 1, Line 8r as taxable scholarship income. What this accomplishes: Eliminates Self-Employment Tax: Since it's now on Line 8r (Scholarships) instead of Schedule C (Business), you save that 15.3% immediately.  Boosts your Standard Deduction: Because the IRS sees the (Scholarship) income, it gives you the "Earned Income" version of the standard deduction (up to $15,000+). Neutralizes Kiddie Tax: Even if the software still generates the Kiddie Tax form (8615) because you are a dependent, the Taxable Income on that form will likely be $0 (because your scholarship was smaller than your new, higher standard deduction). Let us know if you have additional questions or concerns.    
The screen you shared looks like you're in the Assets section, and editing the Property as an asset, but showing Computer as the name of the asset.    You may need to go Back to Rentals in the Income... See more...
The screen you shared looks like you're in the Assets section, and editing the Property as an asset, but showing Computer as the name of the asset.    You may need to go Back to Rentals in the Income section and Revisit and may need to re-enter the property info as an asset.  The first screen should be 'Rentals and Royalty Summary'.  Then when you Edit the property, you should see an Asset Summary.    If your program is not following the sequence properly, in TurboTax Online, close the program, clear your Cache and Cookies and retry.   @hhog     
It sounds like this RRB Form 1099-R (Green Form) may have been entered in the Standard Form 1099-R section instead of the RRB 1099-R section. TurboTax is looking for information to match the specific... See more...
It sounds like this RRB Form 1099-R (Green Form) may have been entered in the Standard Form 1099-R section instead of the RRB 1099-R section. TurboTax is looking for information to match the specific type of form being entered, so let's delete this entry and then re-enter it.   How to delete the 1099-R:   Go to the Income section Click Review on IRA, 401(k), and pension plan withdrawals Click on the trash can to the right of your Form 1099-R, which will delete the Form Note: After deleting, go out of the Income section temporarily before inputting the Form again by clicking the Deductions & credits on the left panel. This helps to refresh the system Return to the Income section and re-enter your Form RRB 1099-R (Green Form), ensuring you select the RRB 1099-R box, before carefully following all of the prompts Note: a Blue RRB Form 1099 is not entered in the 1099-R section. That form is entered in the Social Security (SSA-1099, RRB-1099) section
If you entered an amount in box 16, 16A, 17, or 17A, then you've already CPP. If you were supposed to be exempt, then you should talk to your employer, because it was taken off your paychecks when it... See more...
If you entered an amount in box 16, 16A, 17, or 17A, then you've already CPP. If you were supposed to be exempt, then you should talk to your employer, because it was taken off your paychecks when it should not have.   
How to calculate amount to enter for 1095A Column C?
The IRS requires that your percentages are agreed upon by all and that the percentages add up to 100%.   You may allocate the percentages as you outlined and as listed below.   A  5% B  5% ... See more...
The IRS requires that your percentages are agreed upon by all and that the percentages add up to 100%.   You may allocate the percentages as you outlined and as listed below.   A  5% B  5% C  90%     100%   @mjmommy2001 
what letter code is 414h on box 14?
I do have a 1095-A, and that is why I need the Form 8962. I have spoken with Turbo Tax and it is a glitch in their system and it will not populate an 8962 since Turbo Tax thinks it is not needed. I h... See more...
I do have a 1095-A, and that is why I need the Form 8962. I have spoken with Turbo Tax and it is a glitch in their system and it will not populate an 8962 since Turbo Tax thinks it is not needed. I have three months of coverage under the ACA of which I did not qualify for the PTC. I had to use a different tax software which generated the form and use that software to process my return.