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Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended ret... See more...
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)     See this TurboTax support FAQ for amending a tax return -   CURRENT YEAR https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk     Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/filing/wheres-my-amended-return  
WHY DO I HAVE TO PAY?  I WANT THE FREE EDITION   The information that you can enter in Free Edition is pretty limited now.  Thanks to the tax laws that began for 2018 returns, there are no more s... See more...
WHY DO I HAVE TO PAY?  I WANT THE FREE EDITION   The information that you can enter in Free Edition is pretty limited now.  Thanks to the tax laws that began for 2018 returns, there are no more simple Form 1040EZ or 1040A's.  Everything goes on a Form 1040 that has three extra "schedules" with it, and if you need any of those schedules, you are not able to use the Free Edition.  Using the standard deduction instead of itemizing does NOT mean you will not need any of those schedules.   If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.       TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible. Examples of situations included in a simple Form 1040 return (assuming no added tax complexity): W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions   Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules          How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/  
Yeah, I KNOW that....but prefer to have supporting information showing the different accounts and how much was reported on each, to allow TT to do the addition for me, so that I don't make a math or ... See more...
Yeah, I KNOW that....but prefer to have supporting information showing the different accounts and how much was reported on each, to allow TT to do the addition for me, so that I don't make a math or data-entry error. It just used to work one way and has changed in a way that makes it harder. 
If you are not getting the proper discount, first log out and clear your cache and cookies.  ‌Please click here for instructions on how to clear your cache. Please click here for instructions on clea... See more...
If you are not getting the proper discount, first log out and clear your cache and cookies.  ‌Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cookies. And then try clicking the link on their page to get the discount.
Including the amount of your expense reimbursement with your other income on your 1099-NEC is correct.  You just need to report those same expenses on your Schedule C when you report your business in... See more...
Including the amount of your expense reimbursement with your other income on your 1099-NEC is correct.  You just need to report those same expenses on your Schedule C when you report your business income and expenses.  If it's included in your income and in your expenses, it will net to zero.
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended ret... See more...
Wait until your original return has been fully processed before you amend, and make sure you have saved a pdf of the original return before you amend. (If you do not save it as a pdf, the amended return will overwrite the original, and the original will be lost forever)     See this TurboTax support FAQ for amending a tax return -   CURRENT YEAR https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-current-year/L7eS6o1qh_US_en_US?uid=lfunevhk   Do not expect quick results from amending. It can take four months or more for the IRS to process an amended return.     You can watch for information here: https://www.irs.gov/filing/wheres-my-amended-return  
  You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not al... See more...
  You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.   If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.   Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.    Sometimes—not always— the IRS corrects your mistakes, while they are processing your return.    If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.     Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed. @Shararellanes
Are you reporting the rental property as a depreciable asset within the rental activity on Schedule E Supplemental Income and Loss?    If so, in TurboTax Premium Online, follow these directions f... See more...
Are you reporting the rental property as a depreciable asset within the rental activity on Schedule E Supplemental Income and Loss?    If so, in TurboTax Premium Online, follow these directions for the sale/disposal of a rental property.     Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages & Income. Click to the right of Rentals, Royalties and Farm. Click to the right of Rental Properties and Royalties. At the screen Your rentals and royalties summary, click the pencil to the right of the property sold. At the screen Here's XXX rental property info, scroll down to Assets, click the pencil to the right. At the screen XXX depreciable assets, click Edit to the right of the rental property.  At the screen Tell Us More About This Rental Asset, click Continue. At the screen Tell us more about this asset, select The items was sold, retired, stolen, destroyed, disposed of, converted to personal use.... Enter the date sold.  Continue. Continue through the screens about the disposal of the asset.  You may find that there will be two sale entries, one for the rental structure and one for the land the structure sits on.  The rental property asset maintains a cost basis for the structure and a cost basis for the land beneath the structure.  
You enter this in the 1099-DIV entry menu; on the first page, at the bottom (beneath boxes 1a, 1b, and 2a) select the checkbox for "My form has info in other boxes (this is uncommon)." to open the da... See more...
You enter this in the 1099-DIV entry menu; on the first page, at the bottom (beneath boxes 1a, 1b, and 2a) select the checkbox for "My form has info in other boxes (this is uncommon)." to open the data entry fields for box 2f. To navigate to the 1099-DIV screen, follow the FAQ steps for your product:    To enter this in TurboTax Online: Go to the Did you have investment income? screen in the Income section under Wages & Income and select Yes. Select +Add investments if you arrive at one of these screens: Let’s finish pulling in your investment income Your investments & savings Here's your 1099-DIV info On the Let's find your account screen, you have a choice for how to enter your 1099-DIV: To import your form: Select your bank or brokerage from the list. Enter your sign-in info for your online account. Select Get my form.  Select Enter a different way, then on the How do you want to add your investment docs? screen, you can either upload, snap a photo, or select Type it in myself to manually enter the info. On the OK, let's start with one investment type screen, select 1099-DIV and continue.  Follow the on-screen instructions to enter the info from your 1099-DIV. To enter this in TurboTax Desktop: Go to the Did you have investment income? screen by navigating to Federal Taxes > Wages & Income > I’ll choose what I work on > Interest and Dividends > Dividends on 1099-DIV > Start or Update and select Yes. Select +Add investments if you arrive at one of these screens: Let’s finish pulling in your investment income Your investments & savings Here's your 1099-DIV info You have a choice for how to enter your 1099-DIV: To import your form: Select your bank or brokerage from the list. Enter your sign-in info for your online account. Select Get my form.  Select Skip Import, and on the OK, let's start with one investment type screen, select 1099-DIV and continue.   Follow the on-screen instructions to enter the info from your 1099-DIV.
If you did not take your RMD and would like to request a waiver via Form 5329 in TurboTax, do the following:   Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pen... See more...
If you did not take your RMD and would like to request a waiver via Form 5329 in TurboTax, do the following:   Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income Click on the pencil to the right of the 1099-R Click Continue through the entries you've made, Continue, answering through next screens When you reach, "Let's get more information about your Required Minimum Distribution (RMD), enter the amount of your RMD that was due by December 31, 2025 (but did not take), Continue On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?" Select "None of this distribution applied...", Continue Next, you will be asked, "Did you take out the remaining $_ during the correction window?", Select, "No, I did not", Continue When you reach, "Review your 1099-R summary, Continue (not the pencil) When you reach, "Let's go over any required minimum distributions (RMD), Select the pencil Next, you will see, "Did you miss taking the...RMD...?", Select Yes, Continue Enter the amount of the RMD (that you should have taken) when you reach, "Tell us the Total RMD...", Continue Select "No", when asked, "Did you take a corrective distribution...?", Continue Do you want to request a waiver, select, "Yes", Continue Next, enter the amount of your RMD for which you are requesting the waiver, Continue Next, enter an explanation, Continue
I was looking at my online IRS account, and there is a section that shows the Informational Returns that they've received each year (W-2, 1099s, etc.). I look at that section each year, and it has al... See more...
I was looking at my online IRS account, and there is a section that shows the Informational Returns that they've received each year (W-2, 1099s, etc.). I look at that section each year, and it has always matched with various forms until this year. I have a 1099-MISC I get every year for a small royalty. I was surprised to see it appears twice among those informational forms listed on the IRS site. And they are exact duplicates (not a corrected one) with the same small royalty amount on each. So I then looked at my 2025 Wage & Income transcript. And again that 1099-MISC shows up twice in the W&I transcript, and for each it says submission type "original."   I have not filed my 2025 return yet, and am now wondering what to do. I contacted the Payer, and they claim they only sent one. I guess I can phone the IRS to see if they can explain why it appears twice, but they're likely to say because that's what they received. As an alternative I could go ahead and report the 1099-MISC twice to match what the IRS is showing. It would only cost me about another $10 in tax. But I would be glad to pay $10 extra to prevent the stress of an IRS letter for "underreporting" a non-existent 1099 and/or the work of having to amend a return. Any thoughts?
No one in the user forum can see your return or your account.   If you are using online Deluxe or online Premium, there are separate fees for federal and state returns. TurboTax Online: Important D... See more...
No one in the user forum can see your return or your account.   If you are using online Deluxe or online Premium, there are separate fees for federal and state returns. TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible. Examples of situations included in a simple Form 1040 return (assuming no added tax complexity): W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions   Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules        How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/    
well.. @b00k3  - here you go - https://www.perplexity.ai/hub/blog/introducing-computer-for-taxes
The child tax credit and additional child tax credit are only available for children under the age of 17.   For the ones over 16, you can only get the non-refundable $500 credit for other dependents.... See more...
The child tax credit and additional child tax credit are only available for children under the age of 17.   For the ones over 16, you can only get the non-refundable $500 credit for other dependents.   For the child who is 10: Make sure you have entered your child as a dependent in My Info, and that you have entered the child's Social Security number.    Careful— do not say that your child’s SSN is not valid for employment.  If your child was born in 2025 make sure you said he lived with you the whole year.  There is an oddly worded question that asks if the child paid over half their own support.  Say NO to that question.   If your dependent was a full-time college student, make sure you were careful on the MY INFO screen for “Uncommon situations” and that you indicated there that they were a student.   Have you entered income from working in 2025?  If not,  you will not receive an income tax refund based on having dependent children.     The maximum amount of the child tax credit is now $2200 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.   Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you canget—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.    If your child is older than 16 at the end of 2025, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents     And for the Earned Income Credit—-   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09   https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant   https://www.irs.gov/pub/irs-pdf/p596.pdf   Look at your 2025 Form 1040 to see the child-related credits you received   PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   Child Tax Credit line 19 Credit for Other Dependents line 19 Earned Income Credit line 27 Additional Child Tax Credit line 28  
If you have interest to report related to the sale of an asset (duplex) then it sounds like an Installment Sale.  An installment sale is a sale where you receive at least one payment after the tax ye... See more...
If you have interest to report related to the sale of an asset (duplex) then it sounds like an Installment Sale.  An installment sale is a sale where you receive at least one payment after the tax year of the sale.  To report an Installment sale in TurboTax:   1. Go to the Wages & Income section. 2. If prompted, select I'll choose what I work on. 3. Scroll to Less Common Income and select Start or Update next to Installment Sales. 4. Check the box for sales where you receive payments over two or more tax years (installment sales), then select Continue. 5. Answer Yes to whether you want to report an installment sale. 6. Enter the details of your sale as prompted to let TurboTax calculate your gain.   The program will prompt you to enter any interest received, which will be reported on Schedule B.
Yes, you may.  To report expenses under Self-employment income and expenses, follow these directions.   Down the left side of the screen, click Federal. Down the left side of the screen, cl... See more...
Yes, you may.  To report expenses under Self-employment income and expenses, follow these directions.   Down the left side of the screen, click Federal. Down the left side of the screen, click Wages & Income. Scroll down to Self-employment click on the dropdown menu. Click Start/Revisit to the right of Self-employment income and expenses. At the screen Your 2025 self-employed work summary, click the pencil icon to the right of the self-employment activity. At the screen Here's your XXX info, under Expenses, click an individual expense, or click Import expense transactions or Add expenses for this work.