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Thank you, VolvoGirl.  This was very helpful. Do I need to do anything different when my old computer was a PC and my new computer is a Mac?   
Here is the full example and explanation on how to handle your sale of your rental and your personal home. Leave your answer of 'Yes' to Special Handling. Be sure to collect all depreciation amounts ... See more...
Here is the full example and explanation on how to handle your sale of your rental and your personal home. Leave your answer of 'Yes' to Special Handling. Be sure to collect all depreciation amounts from both the house and the HVAC.   Home Sale with Rental and Home (assumes no home office expense)    When you enter the home sale in TurboTax it will ask for a couple of items that are needed to report the sale correctly.   The total depreciation expense that was allowed during the period it was available for rent. Check your prior tax returns for this figure from the rental. The number of days the property was available for rent during the ownership period. Results: The amount of depreciation that was allowed will be completely taxable up to the amount of gain received on the sale. The remaining gain if any, will be split between taxable and amount eligible for exclusion by using the following formula. The total days available for rent will be divided by the total days owned to determine the portion of the remaining amount of gain that is taxable for the rental period The balance will be eligible for the home sale exclusion TurboTax will do all the calculations based on your entry Steps to enter the Sale of Home in TurboTax: Wages and Income > Less Common Income > Sale of Home On the screen Primary use of home select 'Yes' Enter the number of days used as a rental (nonqualified use) Continue to Depreciation after May 6, 1997 > Enter the total depreciation for rental and home office in both boxes This will allow TurboTax to handle the sale with the correct amount of taxable gain and excluded home sale gain.    @Vinayaksant 
The sale of a PTP is a complicated entry that requires several forms and some manual calculations. See this article for a detailed explanation: How do I report the sale of Publicly Traded Partnership... See more...
The sale of a PTP is a complicated entry that requires several forms and some manual calculations. See this article for a detailed explanation: How do I report the sale of Publicly Traded Partnerships (PTPs) or Master Limited Partnerships (MLPs) in TurboTax?   If you feel this is beyond your comfort zone, you might consider upgrading to TurboTax Experts. This online service provides step-by-step guidance from a tax expert whenever you need assistance.   @Lonestar 
You don't add depreciation for a rental property.  You set up the asset in the rental property section and the based on the information you enter, TurboTax will calculate and enter the depreciation. ... See more...
You don't add depreciation for a rental property.  You set up the asset in the rental property section and the based on the information you enter, TurboTax will calculate and enter the depreciation.  There will be a depreciation schedule that prints for each property when you finish and print your return.    The enter a rental asset, such as a house, in TurboTax Online:   Navigate to the Wages and Income Summary page Scroll down and select Rental Properties and Royalties (Sch E)  Click on Add/Edit If you've already started your Rental, select the pencil icon for that property to edit, otherwise click on "Add another rental..." Click on the "Add expense or asset" button Check the box for "New rental property" under assets, scroll down and click Continue  Follow the step-by-step to set up your rental asset.
This is frustrating. Im trying to purchase the state e-filing. But it won't access my credit card. Like ANY of credit card.
Thank you for the update and regarding a future enhancement to the form in TurboTax. The form does show in the Desktop version.    If you wanted to get the form to print even though it is otherwi... See more...
Thank you for the update and regarding a future enhancement to the form in TurboTax. The form does show in the Desktop version.    If you wanted to get the form to print even though it is otherwise not needed in your return, you could go back to the Underpayment Penalty interview and select the option to request a waiver of the penalty.    @cdd1960 
Is this help free?
I have TWO 1009-Rs, requiring $XTOTALRMD distributions. I fulfilled those distributions. Turbotax reports on Form 5329-T a "RMD for accounts number" that is thousands larger than the sum of my actu... See more...
I have TWO 1009-Rs, requiring $XTOTALRMD distributions. I fulfilled those distributions. Turbotax reports on Form 5329-T a "RMD for accounts number" that is thousands larger than the sum of my actual two 1099-Rs. So, the IRS is penalizing me for not distributing an RMD for the thousands-larger non-existent IRA. I have already re-imported, recalibrated, re-whatever this Desktop app, which in the past has been completely unproblematical.   Is there another form than 1099-R that requires an RMD? Where do I find its raw information in the Desktop app? 5329-T reports the $XTOTALRMD + Thousands" number, so I know the Thousands to look for, but I don't find a Search Forms for Number option.   Thanx again, Sharon
My non-cash donations totaled over $500. I used TurboTax value suggestions. Is the $500 limit per total entry for one charity, or can I break it down into multiple donations to that same charity with... See more...
My non-cash donations totaled over $500. I used TurboTax value suggestions. Is the $500 limit per total entry for one charity, or can I break it down into multiple donations to that same charity with each totaling less than $500?
This bill is from March 17 2026, and currently being paid for.
You did clarify the convention point, I would be filing as half year. I've never taken the standard mileage deduction as I didn't own the car its first work year. It's always let me do actual expen... See more...
You did clarify the convention point, I would be filing as half year. I've never taken the standard mileage deduction as I didn't own the car its first work year. It's always let me do actual expense deductions...however this year it was asking me what I previously entered for depreciation, and the Turbotax site was giving me estimates of 0. I don't know where in my 2024 return I would find depreciation values.  The main point of confusion, is even going with their estimates of 0, I was then given 0 deduction from my 4 figures worth of vehicle expenses, as I have every year prior, which was producing an owed tax far greater than expected. I can see the expense figures I gave as I get to the depreciation portion of the expenses, but am I supposed to enter it elsewhere so I get those deductions? If I'm not getting mileage deduction, aren't I legally entitled to take those expense deductions? This is what's not seeming right to me, as I've always been able to do that to reduce my owed tax.
Since you purchased and sold the improvement in the same tax year, you would add that cost to your basis in the property. Simply increase your basis when you enter the sale information into TurboTax.... See more...
Since you purchased and sold the improvement in the same tax year, you would add that cost to your basis in the property. Simply increase your basis when you enter the sale information into TurboTax.   There is no benefit for adding the improvement to your Rental Property assets since no depreciation expense is allowed for an asset that is sold the same year it was purchased.   @mistymeadowsprop 
No.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 ... See more...
No.   It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    
This situation is not common however you can use one state to arrive at the sales tax, then remove that state and use the other state to arrive at that amount.    Once you have the two states amo... See more...
This situation is not common however you can use one state to arrive at the sales tax, then remove that state and use the other state to arrive at that amount.    Once you have the two states amounts you can add them together and do a direct entry without using the TurboTax sales tax tables. Keep you notes to show how you arrived at your total and you can confidently file your tax return. Sign into your TurboTax Online or TurboTax Desktop return Search (upper right) > Type sales tax > Click the Jump to... link First select 'Estimate sales tax deduction using IRS tables>  First one state > finish the section then you will go through it again using the other state Prorate each amount for the income from only the spouse whose state you use - (spouse income/total income = correct amount to use) Once you have both numbers be sure to clear out your responses before going to the next step. On the Sales Tax Deduction screen select 'Enter actual sales tax paid' (keep notes in your file to you know how you arrived at the total from the tables, not receipts) Continue to enter your total combined sales taxes paid Keep in mind you are allowed to use the tables and this is for entry purposes and receipts are not necessary for your situation.
Using TurboTax Premier 2025 on desktop PC. How do I enter multiple states for tax-exempt dividends? https://ibb.co/wFG9Grjj