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I 100% agree. I went to work on my taxes for 2025 this last weekend and they were all missing from my computer AND Turbo Tax. 2013 through 2024 were missing. I spent about 5 hours searching for them ... See more...
I 100% agree. I went to work on my taxes for 2025 this last weekend and they were all missing from my computer AND Turbo Tax. 2013 through 2024 were missing. I spent about 5 hours searching for them on my computer (many different ways I had never even tried before). But with the internet's help and my resolve to figure it out, I found all but one year. Of course that was the year I needed the most (2024). However, I was able to log on to the IRS and get a transcript of my 2024 return which will have all the numbers I need to file 2025. But something serious is going on for so many people to be missing files. I talked to Apple Support and they said something could have updated in the background and removed the files. Ironically it was only my tax returns linked to Turbo Tax, and it happened on August 28, 2025. The empty folders were all timestamped with that date. Every single one. It very disturbing that something like this can happen. Thank goodness the IRS is getting with the times and allowing folks to download past filings! I thought having them saved on Turbo Tax and printing a PDF for my computer would cover me. But I guess I'll have to physically print them out as well now.  Good luck everyone!
Also,  See Example 2 in this BS&P article https://www.bspcpa.com/making-the-most-of-the-new-deduction-for-seniors   It comes up with 1,800 deduction each for 3,600 for AGI 220,000.  Same as the ta... See more...
Also,  See Example 2 in this BS&P article https://www.bspcpa.com/making-the-most-of-the-new-deduction-for-seniors   It comes up with 1,800 deduction each for 3,600 for AGI 220,000.  Same as the table I've made    
@PatriciaV If I do not deduct the Ordinary Business Loss reported in Box 1 of K-1 Schedule Part III from the IDC and enter just the IDC to Line 1 of Adjustment to California K-1 schedule for the Part... See more...
@PatriciaV If I do not deduct the Ordinary Business Loss reported in Box 1 of K-1 Schedule Part III from the IDC and enter just the IDC to Line 1 of Adjustment to California K-1 schedule for the Partnership, the will I not end up paying higher tax by not claiming this Business loss (my income is less than $1M)? Say, if my business loss in Box 1 is reported as negative X and IDC is positive Y , then should I enter Y-X  positive quantity for adjustment or just the positive Y? I can enter just the Y if the Business loss X is getting deducted elsewhere in some form; otherwise, I think, I must enter Y-X. Is this right? Thank you.
All the information you need is on the form you received.  Enter it the same way you would a typical Form 1099-INT.  The amount of interest on the IRS form/letter goes in the Box 1 entry.  
Yes, those amounts can be different.  
Sra302002 did you revisit all the steps in "Your refund info"? You have to click through several continues to get back to it. Don’t delete the form, that doesn’t work in TurboTax online. It doesn’t h... See more...
Sra302002 did you revisit all the steps in "Your refund info"? You have to click through several continues to get back to it. Don’t delete the form, that doesn’t work in TurboTax online. It doesn’t hurt anything, just gives you a couple jinky things to fill out but it doesn’t help you. 
Delete form 4547, @sra302002   And, then, in the File steps, when it asks about your refund, unselect the Trump Account box or do not re-select it.        How to delete forms in TurboTax Online  ... See more...
Delete form 4547, @sra302002   And, then, in the File steps, when it asks about your refund, unselect the Trump Account box or do not re-select it.        How to delete forms in TurboTax Online  How to delete forms in TurboTax Desktop  
It is correct that TurboTax Desktop (Premier or Home & Business) will allow you to fill out Form 3115, but it does not support e-filing it. This requires a paper return. See: How do I file my return ... See more...
It is correct that TurboTax Desktop (Premier or Home & Business) will allow you to fill out Form 3115, but it does not support e-filing it. This requires a paper return. See: How do I file my return by mail?   When Form 3115 is involved, you must mail two copies. One with your tax return and a separate signed copy to the IRS in Ogden, UT to this address: Internal Revenue Service, Ogden, UT 84201, Attn: M/S 6111.   Make sure the copy sent to the Ogden address is signed and dated.   To find this Form in TurboTax Desktop, you can:   TurboTax should generate instructions; if it did not, you can find the necessary information as follows: Click on Forms at the top right of your TurboTax screen to switch to Forms Mode Scroll down the list of Forms in the left panel of your TurboTax screen to find the instruction sheet for Form 3115 Click on it and  Click on print at the bottom left of the form that is displayed in the right panel of your TurboTax return See also: Form 3115 Instructions for Form 3115  If you have additional information or questions regarding this, please return to Community and we would be glad to help.
What  was revised?  Looks the same to me.  My answer still stands.  Turbo Tax is doing it according to the IRS.  Read my post above and check the screenshot of the IRS instructions.  And here is the ... See more...
What  was revised?  Looks the same to me.  My answer still stands.  Turbo Tax is doing it according to the IRS.  Read my post above and check the screenshot of the IRS instructions.  And here is the actual IRS Schedule 1-A.  LIne 35 says to Subtract line 34 from 6,000 (not 12,000).  If you have questions you have to complain to your congressman.     
I purchased the desktop versions of Turbo Tax Deluxe and Turbo Tax Home and Business.  Can I e-file 10 returns in total since I purchased 2 products?  If so, how do I it?  Both editions tell me I hav... See more...
I purchased the desktop versions of Turbo Tax Deluxe and Turbo Tax Home and Business.  Can I e-file 10 returns in total since I purchased 2 products?  If so, how do I it?  Both editions tell me I have reached the maximum of 5 filings.  I have tried Switch Product under Help, but no luck. 
I have a K-1 from a S corp that is engaged in the business of trading financial instruments or commodities. The K-1 indicate -5,000 in ordinary business income which is various expenses including int... See more...
I have a K-1 from a S corp that is engaged in the business of trading financial instruments or commodities. The K-1 indicate -5,000 in ordinary business income which is various expenses including interest expense to support trading. It reports 10,000 in net short-term capital gains.    When it comes to schedule 8960. It is pulling in the 10,000 in short-term capital gains. On line 4a it pulls in -5000 of ordinary business income but it is automatically backed out in 4b. Shouldn't I be able to net down the trading losses for NIIT purposes by the investment expense?    Is there some way I can manually edit the form in TT online?  If not, what do I need to change in the input of the K-1 to make it not automatically backed out? 
No, you don't need to prepare form 4852 since you are going to file the extension.   But pay your taxes by 04/15 based on the correct figures so there are no penalties incurred.   
My son has some US treasury bond and that was redeemed and he earned some interests ($4760). I'm trying to report this income.   In turbo tax, form mode, I'm seeing Form 8814 - part 1 - Child's Tax... See more...
My son has some US treasury bond and that was redeemed and he earned some interests ($4760). I'm trying to report this income.   In turbo tax, form mode, I'm seeing Form 8814 - part 1 - Child's Taxable Interest Smart Worksheet - line B (Interest from U.S. bonds, T-bills, etc(nontaxable to state) is $4760 which is expected.   however, on CA Form 3803, part 1, Child's Interest Income Smart Worksheet - line D (United States Saving Bonds, Treasury Bills or other direct federal obligations included in line A) is empty.  turbo tax didn't input anything.   this has lead to the entire $4760 being treated as "other income" and not being substracted on ca 540 Schedule CA. Is this a bug? I see nowhere in the step-by-step mode i can make it fill in form 3803, part 1, line D
how to unselect Trump account?. I am not getting that option 2nd time to unselect.
VolvoGirl, Please read my revised message that I was typing as you were answering my previous question.  Thank you for any help in explaining this to me.
@JCH10 Thanks, I think I'll try that! Remember to send in the required <1 mW statement under Form 8453 within 3 business days of filing.