All Posts
8 hours ago
The total of all contributions over the years prior to 2025.
8 hours ago
I have an QBI suspended loss - passive carryover from 2024; where do I input in 2025
Topics:
8 hours ago
1 Cheer
You should be able to. Are you getting an error that is not allowing you to e-file?
8 hours ago
Adjustments to the income or loss reported on your Federal Schedule K-1 are made in the State return interview. Look for a page about things your state does differently. Or a topic for Business Incom...
See more...
Adjustments to the income or loss reported on your Federal Schedule K-1 are made in the State return interview. Look for a page about things your state does differently. Or a topic for Business Income or even K-1s. Work through those topics to find an entry that allows you to adjust the federal amount to match the figure reported on the state K-1.
8 hours ago
It depends. First any distribution from an inherited traditional IRA or a Roth IRA would be reported on Form 1099-R and not Form 1099-B. If I assume you actually sold inherited assets outside of eith...
See more...
It depends. First any distribution from an inherited traditional IRA or a Roth IRA would be reported on Form 1099-R and not Form 1099-B. If I assume you actually sold inherited assets outside of either IRAs then it would be a sale of inherited investments. Walk through the steps shown later to enter any sale of inherited investments.
First, if you have only a 1099-B (not a Form 1099-R) you should delete the form and re-enter.
Use the link below for your version of TurboTax to delete a form.
If you're using TurboTax Online software and need to delete a form, click here.
If you're using TurboTax Desktop software and need to delete a form, click here.
Next, do the following after closing your tax return.
Try clearing the cookies and cache. It handles many issues that seem nonsensical on a regular basis with online activity. Watch to be sure you are selecting 'all time' as example. Do not use selections like 'last hour' for those browsers that give you options.
How to clear your cache
Once this is complete open your return and try again.
If you are using TurboTax Desktop, save your return, then at the top select Online, then Check for updates.
Investment Sales of Inherited Investments or Assets:
Your cost basis is the fair market value on the date of death of the decedent, plus the capital improvements (not repairs but improvements that are capital in nature). The expenses of sale will reduce any gain or increase any loss as well. This is entered as the sale of investment property and can be entered as follows.
Enter the inherited property sale in TurboTax using the steps provided.
Open or continue your return: Choose the Search box and type 'sale of second home' then use the Jump to link to enter your inherited sale) or follow the menu. In TurboTax Online select 'See more' in the FAQ then click 'sold second home'.
Under Wages & Income scroll to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2025? screen
If you land on the Your investment sales summary screen, select Add More Sales
On the OK, let's start with one investment type screen, select Other, then Continue
On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale
On the next screen, select Other (choose this also for inherited homes) then select I inherited it under How did you receive this investment? (For TurboTax Desktop you can enter a description of 'Inherited Home' and long term holding period).
Please update here with additional details if you have more questions and we will help.
8 hours ago
Topics:
8 hours ago
I've been using TurboTax for over a decade. If this had been my first year, I probably would not return to using TurboTax. The prompts were clunky and felt like they were written by AI. The constant ...
See more...
I've been using TurboTax for over a decade. If this had been my first year, I probably would not return to using TurboTax. The prompts were clunky and felt like they were written by AI. The constant push to upgrade which level I was using was frustrating. And, when I did make use of the forced "expert assist" (or did I misunderstand what the screen was saying? We file Sole Proprietor LLC taxes with our personal taxes and it seemed I couldn't do the 'do it all yourself' level any more.) the connection was bad and he couldn't answer my question! I just wanted to provide some feedback but there doesn't seem to be a way to do that.
Topics:
8 hours ago
To get started with TurboTax Online, go to TurboTax.com and select “Start for free” or “Sign up” to create your account.
From there, TurboTax will guide you step-by-step through questions abou...
See more...
To get started with TurboTax Online, go to TurboTax.com and select “Start for free” or “Sign up” to create your account.
From there, TurboTax will guide you step-by-step through questions about your income and deductions, and you can easily import or upload forms like your W-2. Your progress is saved automatically, so you can come back anytime.
You can choose to file on your own, get guidance from a tax expert, or have a professional prepare your return for you.
If you purchased TurboTax from a retailer, go to TurboTax.com/activate, sign in or create your Intuit account, enter your activation code, and follow the prompts to finish setup.
Click here for How do I get started with TurboTax Online that I purchased from a retailer?
Click here for Video: How to File Taxes Online in 3 Simple Steps
Click here for How to File Taxes Online
8 hours ago
Non-cash charitable contributions reported on IRS form 8283 may be listed these broad categories, such as:
home gym items,
electronic items,
television, and
clothing.
This would...
See more...
Non-cash charitable contributions reported on IRS form 8283 may be listed these broad categories, such as:
home gym items,
electronic items,
television, and
clothing.
This would make it easier to separately report the costs, dates and valuations and methods of valuation for each category.
8 hours ago
Topics:
8 hours ago
Even though the process for getting a refund of federal and state filing fees is generally the same, both refunds come from two separate entities, so it isn't possible to coordinate their arrival tog...
See more...
Even though the process for getting a refund of federal and state filing fees is generally the same, both refunds come from two separate entities, so it isn't possible to coordinate their arrival together.
Although your fees were already paid through your state refund, your federal refund might still go through the third-party bank before arriving in your account.
Note that your refund doesn't go through TurboTax. When the IRS processes your return, it'll send your refund directly to your bank account or via mail, typically within 21 days.
Please, keep tracking your refund in the link below:
Where's my Refund
8 hours ago
Washington state does not have an income tax, therefore TurboTax does not have a Washington state return option.
It does appear that WA has recently adopted legislation to put a tax on those w...
See more...
Washington state does not have an income tax, therefore TurboTax does not have a Washington state return option.
It does appear that WA has recently adopted legislation to put a tax on those with income over $1,000,000, but this would not be in effect for 2025.
8 hours ago
You don't enter these directly on the forms. When you go through the TurboTax interview in the program, there is a question that is asked if you have any of these qualified energy efficiency improvem...
See more...
You don't enter these directly on the forms. When you go through the TurboTax interview in the program, there is a question that is asked if you have any of these qualified energy efficiency improvements in 2025. When you select "yes" you would report them here.
8 hours ago
1 Cheer
The steps that AnnetteB6 provided above work for TurboTax Online. If you are using Desktop, the fix for that is still being implemented. Hopefully we have an estimated date soon.
@user177531812...
See more...
The steps that AnnetteB6 provided above work for TurboTax Online. If you are using Desktop, the fix for that is still being implemented. Hopefully we have an estimated date soon.
@user17753181283 @goldeninla
8 hours ago
No, not at all. The amended return can be filed by mail which is completely acceptable.
@taxqn24
8 hours ago
Thanks for responses. Makes sense for 2025. Don't understand your response for 2026. If i move all money from traditional IRA to 401k, then 2026 conversion should be non-taxable, right?
8 hours ago
If you need to submit a payment to the state, make your check or money order to your state's Department of Revenue. When you print your return, TurboTax will include the mailing address and instructi...
See more...
If you need to submit a payment to the state, make your check or money order to your state's Department of Revenue. When you print your return, TurboTax will include the mailing address and instructions on how to mail your return. You could also choose to make a payment online at your state's Department of Revenue website.
8 hours ago
You actually will still get a 1099-R in 2027 for the 2026 tax year. But since it has already been reported on the 2025 tax return you will be able to ignore that 1099-R when you receive it.
@t...
See more...
You actually will still get a 1099-R in 2027 for the 2026 tax year. But since it has already been reported on the 2025 tax return you will be able to ignore that 1099-R when you receive it.
@tanchoco
8 hours ago
Is this a partnership whose income is reported in a subsequent 'higher tier' partnership? Please clarify.
In TurboTax H & B, I follow these steps to enter a partnership K-1.
At the ...
See more...
Is this a partnership whose income is reported in a subsequent 'higher tier' partnership? Please clarify.
In TurboTax H & B, I follow these steps to enter a partnership K-1.
At the screen Tell Us About Your Schedule K-1, click to the right of Partnerships / LLC's.
At the screen Enter Partnership Name and Address, enter the information. Click Continue.
At the screen Choose the Type of Partner, click Continue.
At the screen Choose the Type of Partner, select Limited Partner. Click Continue.
At the screen Choose the Type of Partner, select Domestic Partner. Click Continue.
At this time, no entries are required for the ownership screens. Click Continue.
At the screen Describe the Partnership, select None of these apply. Click Continue.
At the screen Choose Type of Activity, select Business - Box 1.
How do your specific details differ? Please clarify.