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7 hours ago
What about efiling state? I already paid to do that .....
7 hours ago
I take actual expenses for a home office deduction. Form 8829 line 37 for 2026 has a higher amount than the same line on last year's form. I have no idea why TT changed it and can't find any way to c...
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I take actual expenses for a home office deduction. Form 8829 line 37 for 2026 has a higher amount than the same line on last year's form. I have no idea why TT changed it and can't find any way to correct it. Why is it different? How can I correct it? I'm using Windows Home & Business desktop.
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7 hours ago
1099-R with 0 in box 1 and 67.22 in box 5, code B in box 7. Is this same as other topics with $0 in box 1? ie does not have to be entered because box 1 amount is 0??
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7 hours ago
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7 hours ago
May I assume that you have a part-time gig as a real-estate agent? The IRS does not require you to make a profit in order to be able to deduct expenses; however, if need be, you have to be ready to p...
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May I assume that you have a part-time gig as a real-estate agent? The IRS does not require you to make a profit in order to be able to deduct expenses; however, if need be, you have to be ready to prove that this was a serious business. For example, the IRS will expect you to make a profit 3 years out of 5 or similar tests.
So if you filed a Schedule C in the past on this business, you can enter expenses again...assuming that you are ready for any possible questions from the IRS about how serious your business is.
7 hours ago
Hello, Thanks for the reply. Here is some more detail on my concerns/question. 1. I did identify my wife and I as Colorado residents when inputting "My Information" at the start of the retu...
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Hello, Thanks for the reply. Here is some more detail on my concerns/question. 1. I did identify my wife and I as Colorado residents when inputting "My Information" at the start of the return. 2. The Social Security benefits received during 2025, from the Forms SSA-1099 we both received, were entered in the Income section. 3. We each received 1099-R forms for distributions from our respective IRA accounts and the annuities we each have. Now, as I work through the menu structure for the Colo state return, I see the following: "Here's the income that Colorado handles differently" "Social Security and Pension Income Exclusion ..... $XX,XXX" The next screen is "Social Security Income." "Your pension exclusion so far is $0 and your total Social Security exclusion is $XX,XXX." It is the $0 figure I am concerned about. What do I enter on the next 2 screens to address the IRA distributions and annuity payments we received during 2025? "IRA Distributions?" and "Other Pension and Annuity Income Exclusions" Can you provide some guidance on these 2 screens? Hope this makes sense.... Would welcome the opportunity to talk directly.... Thank you! How do I complete the next Next screen is
7 hours ago
No, that amount is calculated from other entries on your tax return.
It is possible you have dependent care expenses paid for by your employer. They would be listed in box 10 on your W-2 form. ...
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No, that amount is calculated from other entries on your tax return.
It is possible you have dependent care expenses paid for by your employer. They would be listed in box 10 on your W-2 form. That amount would be subtracted from your total paid for dependent care expenses to determine the amount allowed for the credit calculation.
7 hours ago
It is 6 digits in 2025
7 hours ago
This problem with TurboTax is not new this season. I ran into the exact same problem last year. I'm also seeing other users report the same issue as far back as 2022, though I didn't have a problem u...
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This problem with TurboTax is not new this season. I ran into the exact same problem last year. I'm also seeing other users report the same issue as far back as 2022, though I didn't have a problem until my 2024 tax filings. I will attempt your workaround but I do not have high hopes. When that doesn't work I'm going to attempt to use the IRS Free Fillable Forms and e-file through that which will prove that the issue is not an IRS issue since it uses the same e-file system. I'll post back once I have something.
7 hours ago
Taxes were filed but since there was no underpayment penalty came up for 1040-ES payments. Now that taxes have been filed I cannot seem to find a way to get to the TurboTax calculations.
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7 hours ago
I provided less than 50% of the support for my child. My spouse is the custodial parent but an agreement exists allowing me to claim the child tax credit every other year. A signed form 8332 shows ...
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I provided less than 50% of the support for my child. My spouse is the custodial parent but an agreement exists allowing me to claim the child tax credit every other year. A signed form 8332 shows this. In turbotax, do I need to claim the child as a dependent or what are the steps to allow me to claim ONLY the child tax credit for last year? Child only stayed with me the equivalent of 2 months. Child is under 17.l
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7 hours ago
When you are in the Virginia state return, look for the page/screen titled Here's the income Virginia handles differently. In the Medical section, the first item is Long-Term Care Premiums Deductio...
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When you are in the Virginia state return, look for the page/screen titled Here's the income Virginia handles differently. In the Medical section, the first item is Long-Term Care Premiums Deduction - click Start next to that item to enter your deductible premium amounts on the following screen. If you don't see that section under Medical - scroll up to the top of the page.
7 hours ago
1 Cheer
You may need to contact the administrator who sent you the 1099-R.
One purpose of box 5 is to report distributions for dollars for insurance premiums paid by the plan administrator (in which ca...
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You may need to contact the administrator who sent you the 1099-R.
One purpose of box 5 is to report distributions for dollars for insurance premiums paid by the plan administrator (in which case, there should be an entry on box 1), so a corrected 1099-R may be in order.
Or if box 5 has "employee contributions", then this number was probably auto-printed on every 1099-R, even if there were no distributions, in which case, as the others said, if this is what the plan administrator intended, you can just dispose of the 1099-R.
I am just concerned that this might be a 1099-R that was printed in error, so a call to the plan administrator would make you feel better about trashing that document.
7 hours ago
1 Cheer
You are missing nothing. New Jersey follows the federal rules on rental expenses. So it needs to match your federal return. So you have to pick one or the other and go with it.
7 hours ago
Valet
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7 hours ago
Box 14 is an area for employers to report miscellaneous information, and S125 indicates a Section 125 Cafeteria Plan deduction.
This means you probably paid for benefits like health insurance o...
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Box 14 is an area for employers to report miscellaneous information, and S125 indicates a Section 125 Cafeteria Plan deduction.
This means you probably paid for benefits like health insurance or a Flexible Spending Account (FSA) with pre-tax dollars, which has reduced your taxable income.
7 hours ago
To enter a Form 1099-LTC -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Click on I'll choose what I work on (if shown)...
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To enter a Form 1099-LTC -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Miscellaneous Income, 1099-A, 1099-C, click the start or update button
On the next screen - On Long-term care account distributions (Form 1099-LTC), click the start or update button
7 hours ago
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7 hours ago
That is a Health Reimbursement Arrangement (HRA) and is not taxable since you are being reimbursed for the Medicare premiums you paid. You cannot enter the premiums paid on Schedule A as a medical e...
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That is a Health Reimbursement Arrangement (HRA) and is not taxable since you are being reimbursed for the Medicare premiums you paid. You cannot enter the premiums paid on Schedule A as a medical expense since they have been reimbursed.
7 hours ago
I had a short term mortgage loan (3 months) in excess of $750,000 ($775K) for new primary home. I sold my old home and refinanced this loan, current balance of new loan $682000. How do I calculate th...
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I had a short term mortgage loan (3 months) in excess of $750,000 ($775K) for new primary home. I sold my old home and refinanced this loan, current balance of new loan $682000. How do I calculate the deductible interest for the $775 loan?