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3 hours ago
Try the following:
Enter zero in any blank fields.
Go back to the Investments and Savings section; located under Wages and Income, and work through the crypto questions again. This will ...
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Try the following:
Enter zero in any blank fields.
Go back to the Investments and Savings section; located under Wages and Income, and work through the crypto questions again. This will refresh that section and hopefully get rid of the review notice.
Continue to finalize your return.
3 hours ago
You are correct about the allocation of expenses between your time as an employee and your time as a self-employed contractor. Please note, those expenses during the time you were an employee are no...
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You are correct about the allocation of expenses between your time as an employee and your time as a self-employed contractor. Please note, those expenses during the time you were an employee are not deductible on your federal tax return. Your state may allow a deduction for those expenses if you itemize. Make sure your state allows a deduction, otherwise there is not point in entering the expenses for the period during which you were a W-2 employee.
3 hours ago
My downloaded copy only has the completed forms, not the TurboTax summary pages. My printer ran out of ink, and I'm missing the federal electronic filing instructions.
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3 hours ago
Doing my taxes this year and just realizing this. I'm like $300 WTAF
3 hours ago
Another name for property taxes is real estate taxes. If your property taxes weren't paid out of an escrow account, that information wouldn't be on your Form 1098 - Mortgage Interest Statement.
...
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Another name for property taxes is real estate taxes. If your property taxes weren't paid out of an escrow account, that information wouldn't be on your Form 1098 - Mortgage Interest Statement.
You can check your county tax assessors’ office to request your Property Tax records.
For more information, refer to the TurboTax article Where can I find out how much property (real estate) tax I paid?
3 hours ago
1 Cheer
Section 179 does not "show up" the same way other expenses do. Section 179 expense is calculated on Form 4562. How it gets to Form 1040 depends on what type of business structure you have. If you ...
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Section 179 does not "show up" the same way other expenses do. Section 179 expense is calculated on Form 4562. How it gets to Form 1040 depends on what type of business structure you have. If you are filing Schedule C, the deduction is reported on Line 13 - Depreciation and Section 179 Expense. For a partnership or S-Corp the deduction is reported on Schedule K-1 which flows to Schedule E of your 1040 tax return.
The deduction for Section 179 Expense is limited to your business' taxable income. So if your business is showing a loss, you will not see a Section 179 Expense deduction. Instead, it will carry forward.
3 hours ago
Remove qualified disaster
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3 hours ago
Is there a list of release dates for TT desktop updates, or any way to predict when the next update will happen?
3 hours ago
In January 2025 I made a substantial contribution to my HSA. For all of 2025 I was covered by my wife's HDHP family coverage. My wife and her employer also made contributions to her HSA regularly t...
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In January 2025 I made a substantial contribution to my HSA. For all of 2025 I was covered by my wife's HDHP family coverage. My wife and her employer also made contributions to her HSA regularly throughout the year. In April of 2025 I turned 65 and enrolled in Medicare (Part A only) During the TurboTax HSA entry section I answered that I was covered by HDHP the entire year and on the special circumstances I check the Medicare box. As I check the TurboTax form 8889 generated by the interview, the worksheet has all months checked with "Family". The instructions on the worksheet say that you are to select "None" if you are covered by medicare. I went in and performed an "Override" to change the values to "None" as per the instructions for April through December. Now when running the "Check" I get the message "Form 8889-T: Line 3 Wkst, line A4 should not be overridden and changed ... Using an override can prevent the cross-checking that's important to an accurate return" I'm trying to figure out if I have excess contributions in time to correct it, but no matter what I do TurboTax just won't seem to recognize the situation. Where did my data entry go wrong? Or is TurboTax just having a bug in this spot?
3 hours ago
how to file 2024
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3 hours ago
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3 hours ago
-Taxes were paid on dividends on ADRs managed by a brokerage.
-I am only able to select a single country under "other source".
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3 hours ago
If you received a Form 1099-NEC you were paid as an independent contractor, which means that you were self-employed as far as that income is concerned. Since you were "self-employed" you have to fil...
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If you received a Form 1099-NEC you were paid as an independent contractor, which means that you were self-employed as far as that income is concerned. Since you were "self-employed" you have to file Schedule C. To complete Schedule C:
Click on Search (the magnifying glass icon in the upper right
Type in "Schedule C" and hit Enter
Click on the "Jump to schedule c" link
Continue with the the interview and TurboTax will guide you through completing Schedule C
3 hours ago
What backup paperwork does the IRS require in order to take the depletion allowance on oil royalties? I've read that 15% is the standard amount for oil--is there someplace on the IRS website that ver...
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What backup paperwork does the IRS require in order to take the depletion allowance on oil royalties? I've read that 15% is the standard amount for oil--is there someplace on the IRS website that verifies that percentage?
3 hours ago
I bought an asset worth 50K in 2025. I have claimed Section 179 deduction of 30K and Special depreciation allowance of 20K. Special deprecation allowance of 20K shows up an expense, however Section 1...
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I bought an asset worth 50K in 2025. I have claimed Section 179 deduction of 30K and Special depreciation allowance of 20K. Special deprecation allowance of 20K shows up an expense, however Section 179 deduction does not show up as expense and hence does not reduce income. My income is much more than 50K. Any suggestions on how to fix this?
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3 hours ago
Follow these steps:
Go to Other tax situations.
Go to additional tax payments
Start or revisit, Extra tax on early retirement withdrawals
modify your responses to remove the error. ...
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Follow these steps:
Go to Other tax situations.
Go to additional tax payments
Start or revisit, Extra tax on early retirement withdrawals
modify your responses to remove the error.
If you're still getting an error, delete Form 5695 and repeat the steps above. See the following link on how to delete a form in TurboTax Online; How do I view and delete forms in TurboTax Online?
3 hours ago
I've checked the bottom of my statement. I see disimbursements and reconciliations, but nothing states "property taxes paid"
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3 hours ago
The IRS expects most Earned Income Tax Credit (EIC/EITC) and Additional Child Tax Credit (ACTC) related refunds to be available in taxpayer bank accounts or on debit cards by March 2, 2026, if they c...
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The IRS expects most Earned Income Tax Credit (EIC/EITC) and Additional Child Tax Credit (ACTC) related refunds to be available in taxpayer bank accounts or on debit cards by March 2, 2026, if they chose direct deposit and there are no other issues with the tax return.
What is the PATH Act and How May it Impact Your Taxes?
3 hours ago
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