All Posts
6 hours ago
Hello I had a solar array installed in 2025 It was installed and running in December putting out energy and storing it in batteries However, until 2026 it wasn't sending energy back to the grid be...
See more...
Hello I had a solar array installed in 2025 It was installed and running in December putting out energy and storing it in batteries However, until 2026 it wasn't sending energy back to the grid because the utility company had yet to approve Can I still claim this on my taxes?
6 hours ago
thank you, Diane
6 hours ago
Yes, it is true that certain car loan interest is deductible.
To enter this in TurboTax Online, navigate to Federal > Deductions & Credits > Add more deductions > Cars and Other Things You Own...
See more...
Yes, it is true that certain car loan interest is deductible.
To enter this in TurboTax Online, navigate to Federal > Deductions & Credits > Add more deductions > Cars and Other Things You Own > Car Loan Interest
There are a few qualifications that are required in order to be eligible for this deduction.
According to What is the vehicle loan interest deduction?, here are the rules:
"It was purchased, not leased, in 2025.
It’s a brand new vehicle. In other words, you didn’t buy it used.
Its final assembly was in the U.S.
You can check this by entering your VIN and model year into the VIN decoder provided by the National Highway Traffic Safety Administration. You’ll also include the VIN on your tax return.
It's a car, van, SUV, motorcycle, or pickup truck that weighs less than 14,000 pounds.
You bought it for personal use.
You didn’t pay the interest to a family member or a business you own. The loan must be secured by the vehicle."
6 hours ago
You still enter it at the 1098 screen, even though you don't have a 1098.
7 hours ago
Sales Tax deduction needs review, I don't have any. What do I do?
Topics:
7 hours ago
On form 8949 how do I change line 1, column f, to code to "D" for Accrued Market Discount from code "B"?
7 hours ago
The big beautiful bill says i can deduct even if i take the standard deduction
Topics:
7 hours ago
No, do not enter the full amount in Box 1. A W-2 with only Box 11 completed usually represents a distribution from a nonqualified deferred compensation plan (NQDC) or a nongovernmental 457(b) plan, o...
See more...
No, do not enter the full amount in Box 1. A W-2 with only Box 11 completed usually represents a distribution from a nonqualified deferred compensation plan (NQDC) or a nongovernmental 457(b) plan, often appearing as 'DFC' for nonqualified plans. This amount is typically taxable and should be reported as additional income on Schedule 1 (Form 1040), Line 8t.
Enter your W-2 and you may need to enter zero or $1 in box 1.
As you continue through the screens you will reach a screen 'Did you take money out of your nonqualified pension plan?'
Select 'Yes, I took this money out of my nonqualified or Section 457 plan.'; OR
Select 'No, this is money I contributed to my nonqualified or Section 457 plan.' whichever applies to you.
If you answer 'Yes' then select your state and enter the amount.
Once this is completed the income will either be on the line noted above or it will be tax free if you selected 'No'.
@Peckety
7 hours ago
NY is very particular about the document entry. Enter the first 3 characters after, not including "IDUSA". Some other users experienced errors with incorrect issue and expiry dates, so double check ...
See more...
NY is very particular about the document entry. Enter the first 3 characters after, not including "IDUSA". Some other users experienced errors with incorrect issue and expiry dates, so double check they are correct and not swapped as well.
For more information, see Where do I find my document number so that I can e-file my New York return?
7 hours ago
Why do you think a mortgage payment would count as rent? What are you trying to do? Are you the landlord of a house or home that you collect rent for?
7 hours ago
They are my state taxes. They want the code where my daughter goes to school for my state taxes Arcadia, Wisconsin.
Topics:
7 hours ago
You received an email that we cannot see that tells you why your tax return was rejected.
Some rejected returns can be fixed and re-filed. Some have “un-fixable” reasons for the rejection and ha...
See more...
You received an email that we cannot see that tells you why your tax return was rejected.
Some rejected returns can be fixed and re-filed. Some have “un-fixable” reasons for the rejection and have to be mailed instead.
What is the rejection code or rejection message?
If it was rejected for AGI—-your 2024 AGI might not be in the IRS system if you filed late. Try using zero instead.
If filing with zero is rejected then file again but select the option that you did not file last year. The IRS does not see that question and it will allow you to e-file with no AGI question.
https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311
If that does not work and you still cannot e-file, then print, sign, and mail your tax return.
7 hours ago
For a single member LLC filing a Schedule C, TurboTax will create Form 568 based on the answers to the questions entered both in the Schedule C section and the California interview.
You must c...
See more...
For a single member LLC filing a Schedule C, TurboTax will create Form 568 based on the answers to the questions entered both in the Schedule C section and the California interview.
You must complete the main return pages (Side 1-3 of Form 568), which include basic information, tax computation ($800 tax), and FTB 3522 (Limited Liability Company Tax Voucher), which is a California Franchise Tax Board form used to pay the required $800 annual LLC tax. It is due by the 15th day of the 4th month after the beginning of the LLC's taxable year (April 15 for calendar year filers).
TurboTax also completes Side 7, Schedule IW, LLC Income Worksheet.
Once you have completed all of the interviews in both the Federal and California returns, you can go to Forms Mode (if using a Desktop version) to confirm whether the form is complete.
One issue new this year is that California has added a letter in front of the EIN for new entities. Leave the letter off when entering the EIN in TurboTax.
7 hours ago
Topics:
7 hours ago
Why am I being asked to complete AMT Special Depr Allowance? Isn't that what the TT software is supposed to fill in based on my prior years' filings?
Topics:
7 hours ago
You cannot change the tax year. The current online program is for 2025 only. Only a 2025 return can be prepared online and only a 2025 return can be e-filed.
Online preparation and e-fi...
See more...
You cannot change the tax year. The current online program is for 2025 only. Only a 2025 return can be prepared online and only a 2025 return can be e-filed.
Online preparation and e-filing for 2022, 2023, and 2024 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2022, 2023, or 2024 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
https://www.irs.gov/refunds
Refunds for tax years 2021 or earlier have been forfeited and will not be paid to you even if shown on the tax return form. But if you owe tax due, you will still have to pay, and you will be billed later for the interest and penalties owed. TurboTax will not calculate the penalties or interest. That will be done by the IRS/state after they receive your return with your payment of the tax due as shown on the tax form(s).
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
7 hours ago
Under QBI I select "this business is independent of any other activities. (part of an aggregated business." Then the next screen wants "info about this combined business."
Topics:
7 hours ago
Topics: