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2 hours ago
Depends what you got it for. Is it cash you got for self employment? Or Social Security? Or ?
2 hours ago
I am trying to input my K1 from my Trust. I have 2 numbers under Section I - one for REIT and one for PTP. When I initially tried to add both to the same document, Turbotax indicated that PTP should ...
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I am trying to input my K1 from my Trust. I have 2 numbers under Section I - one for REIT and one for PTP. When I initially tried to add both to the same document, Turbotax indicated that PTP should be documented in a separate K1 instead. The only information provided on my K1 for Code I is that the REIT is 48 and the PTP is 16. So I created the second K1 with only the Code I 199A number in there (16). At no point does it ask me for more information on that 199A. When I go to submit, Turbotax says "Sch k-1 wks-ests and trusts box 14 code i has been selected but no section 199a income has been entered on statement A." However, that income was entered in the 1 place it asked me. It then shows the Worksheet to fix however it is not editable. And I clearly see the 16 entered next to Code I- 199A so it is there. I tried deleting it 3 times and redoing it and it's not fixing the problem.
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2 hours ago
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2 hours ago
What topic on Schedule 2 is your issue?
2 hours ago
My daughter attended an accredited university in Wales that does participate in the U,S, student loan program and thus should be eligible for the Lifetime Learning Credit. Turbo insists on the Federa...
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My daughter attended an accredited university in Wales that does participate in the U,S, student loan program and thus should be eligible for the Lifetime Learning Credit. Turbo insists on the Federal EIN even though it is not required. I can't find any way around this.
2 hours ago
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2 hours ago
To ensure the subtraction flows to your Minnesota return, follow these steps in the Federal interview:
In Federal > Income, go to the Interest and Dividends section.
Find the entry for yo...
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To ensure the subtraction flows to your Minnesota return, follow these steps in the Federal interview:
In Federal > Income, go to the Interest and Dividends section.
Find the entry for your 1099-DIV.
After entering the 1099-DIV, look for a screen titled "Tell us if any of these uncommon situations apply".
Check the box for "A portion of these dividends is U.S. Government interest".
On the following screen, enter the specific dollar amount of your dividends that came from U.S. Treasury obligations.
2 hours ago
My distributions from my IRA exceeded the 2025 RMD. Turbotax asks, "How much of this distribution applied to your December 31, 2025 RMD?" I'm not sure what to answer. My RMD was satisfied, but my dis...
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My distributions from my IRA exceeded the 2025 RMD. Turbotax asks, "How much of this distribution applied to your December 31, 2025 RMD?" I'm not sure what to answer. My RMD was satisfied, but my distributions exceeded the RMD. How do I answer that?
2 hours ago
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2 hours ago
If TurboTax did not generate them automatically, you may not need them or you did not go through the estimated taxes interview when you prepared the OH return. You can get back into your return if ...
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If TurboTax did not generate them automatically, you may not need them or you did not go through the estimated taxes interview when you prepared the OH return. You can get back into your return if you want to add them. When you sign in to TurboTax, scroll down and click on Add a State, but don't add a new state - Your return will be unlocked and you can go through the OH return again and generate estimated payment vouchers. Are you sure you need them?
2 hours ago
If you are on Medicare you are not eligible for to contribute to an HSA. If you are trying to determine your eligibility to contribute to an HSA plan, the HDHP question is moot, as you are not eligi...
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If you are on Medicare you are not eligible for to contribute to an HSA. If you are trying to determine your eligibility to contribute to an HSA plan, the HDHP question is moot, as you are not eligible for any month you were on Medicare. If you have an existing HSA, you can still take tax free distributions of funds in the plan to pay for qualified medical expenses. You just can make any contributions.
2 hours ago
The credit doesn't expire until June 2026.
The Alternative Fuel Vehicle Refueling Property Credit is available to taxpayers who purchase a battery-powered vehicle and install new electric vehi...
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The credit doesn't expire until June 2026.
The Alternative Fuel Vehicle Refueling Property Credit is available to taxpayers who purchase a battery-powered vehicle and install new electric vehicle charging supply equipment (EVCSE) at their main home to recharge its battery. To qualify, the refueling/recharging property must me installed in a low-income community or non-urban census tract.
Refer to the IRS website Alternative Fuel Vehicle Refueling Property Credit for more details and TurboTax article What Is Form 8911: Alternative Fuel Vehicle Refueling Property Credit.
2 hours ago
Hello, I am using desktop version "home and business" version. Somehow there is not option as ""I'll type it in myself"? How to find the correct places? thanks,
2 hours ago
I provided the shortcut method above to go directly to the section for estimated tax payments made for 2025 in Online TurboTax. If you want to use regular navigation, here's how. So between the 2 ...
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I provided the shortcut method above to go directly to the section for estimated tax payments made for 2025 in Online TurboTax. If you want to use regular navigation, here's how. So between the 2 methods, you should be able to use one or both of them. When you click in the left column on the Federal tab then subtab Deductions & Credits and in the dropdown choose the Deductions & Credits Summary, it may take you to a page called "Your Tax Breaks". That shows the "Tax Breaks", i.e., deductions, that someone has already worked on this year or that TurboTax is expecting from what was entered last year. Lower on that same screen should be a button or link for "Add more tax breaks" or "Show more tax breaks" or similar wording. When clicked, then the screen should expand, and all the deduction topics are displayed including "Estimates and Other Taxes Paid." Then that topic can be expanded further to get the subtopic Estimated Tax Payments.
2 hours ago
For Online TurboTax, here's a tool that should get you directly to the section for estimated tax payments made for 2025. I've also provided an alternate navigation method in a comment that follows t...
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For Online TurboTax, here's a tool that should get you directly to the section for estimated tax payments made for 2025. I've also provided an alternate navigation method in a comment that follows this one. With the return open, go to the left menu column and click on TAX TOOLS, then the subtab TOOLS. In the Tools Center choose the blue button Topic Search. In the topic search line enter the phrase estimated tax payments without quotes. Make the selection in the list (it may already be highlighted), and either double-click it or click the GO button. Next screen is Estimates and Other Income Taxes Paid. Use the subtopic Estimated Tax Payments. Choose the appropriate category and tax year you are reporting (Federal, state, local) and click START or Revisit. NOTE: Before filing, make sure your Federal estimated tax payments correctly show on the Form 1040, Line 26, and that any state estimated tax payments (if applicable) show up on your state return.
2 hours ago
Be sure to use the name username you did last year. Check out these help articles:
How do I view, download, or print a prior-year tax return?
I need help signing in to my Intuit Account
...
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Be sure to use the name username you did last year. Check out these help articles:
How do I view, download, or print a prior-year tax return?
I need help signing in to my Intuit Account
How do I find last year's AGI?
2 hours ago
i paid quarterly taxes in 2025. where do i enter this amount on my 2025 tax return?
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2 hours ago
The new tax laws introduced by the One Big Beautiful Bill Act (OBBBA) now allow for a federal deduction on "qualified overtime premium."
Enter your W-2 information exactly as it appears.
Chec...
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The new tax laws introduced by the One Big Beautiful Bill Act (OBBBA) now allow for a federal deduction on "qualified overtime premium."
Enter your W-2 information exactly as it appears.
Check Box 12 (Code TT) or Box 14 on your W-2 for your overtime income.
Look for descriptions like: OBBB OT, OT PREMIUM, QUALIFIED OT, or FLSA OT.
After you finish entering the W-2, the program will show "Review your Box 14 info." Make sure you select "Overtime" from the dropdown menu in the "Category" column.
If your employer included all your overtime in Box 1 (Wages), you can still claim the deduction by using your final pay stub of the year.
Open or continue your return.
Under Federal tab, Click on Wages & Income section, and then Click on Add/Edit/Revisit your W-2.
After you enter your W-2, Click through the screens until you see "Let’s check for other situations."
Check the box for Overtime.
Select YES when the program asks if you have a statement or pay stub.
If you only have the "Total Overtime Pay" amount, the IRS allows you to divide that total by 3 to find your deductible premium (for time-and-a-half pay). If you were paid double-time, divide that total by 4.
Note: You can typically deduct up to $12,500 ($25,000 if Married Filing Jointly) of overtime premium. The deduction starts to phase out if your Modified Adjusted Gross Income (MAGI) exceeds $150,000 ($300,000 for joint filers).
2 hours ago
It depends. Without seeing your return, it sounds like you may not owe income tax this year. If you had deductions that brought your regular income tax liability down to $0, there is no tax for the ...
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It depends. Without seeing your return, it sounds like you may not owe income tax this year. If you had deductions that brought your regular income tax liability down to $0, there is no tax for the solar credit to wipe out. Since it’s a non-refundable credit, it can only lower what you owe. Keep in mind self-employment taxes are not regular income tax, so the credit will not offset them.
2 hours ago
The amount of interest you can deduct depends upon what you did with the proceeds from the first HELOC. If you used the firs HELOC to buy or improve the property secured by the loan, then you can ca...
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The amount of interest you can deduct depends upon what you did with the proceeds from the first HELOC. If you used the firs HELOC to buy or improve the property secured by the loan, then you can can deduct all of the interest from that HELOC. You can also deduct all of the interest on the second HELOC, since it was used for improvements and to pay off the other HELOC that was used for improvements. If you didn't use 100% of the proceeds of the first HELOC for improvements then you have to allocate the interest based on the percentages used for improvements and other purposes.
For Example, if you used 50% of the proceeds from the first HELOC for home improvements, you can deduct 50% of that interest. If you used the proceeds from the second HELOC 50% to pay off the first HELOC and 50% new improvements, then you can deduct 75% of the interest for the that HELOC: 50% for the new improvements, and then 25% (1/2 of the 50%) for the portion that was used to payoff the first HELOC , that was used 50% for improvements.