Welcome to Intuit's TurboTax Community! If you are as excited as we are
to engage in discussions, ask questions, and share knowledge with
others, you’ve come to the right place! Before diving in to the
conversation, the following links might be usefu...read more
In 2023, If I took a million dollars out of a 401K at age 62, $34500 in
pension, and $3500 in business earned income ,and 400$ interest . Can I
still qualify for the engine credit? No children
Scoop980Posted April 28, 2025
| Latest post April 28, 2025 by
xmasbaby0
Hi! I just made a post in the tax discussion forum, but I am unable to
find it anywhere. I have clicked on my username, and it shows that I
have a total of 4 posts at that time, but when clicking on the posts
summary, I was only able to see three of ...read more
I am required to e-file my NY state income tax return. TurboTax will not
let me e-file the NY return until I e-file my Federal return. Included
in my Federal return is form 8621 which TurboTax does not support. As I
result I am unable to e-file my Fe...read more
I have used Community Forums multiple times over the past decade (or
more), often receiving helpful responses to my questions. It seems to me
that the website organization has been changed. In any case, I posted
two questions yesterday, and today I a...read more
DFHPosted April 13, 2025
| Latest post April 13, 2025 by
xmasbaby0
as trustee,I have received an award settlement (14K) payable to the
trust which filed a final return 1041 3 years ago....the award
settlement was based on proving heirship to the deceased and I am one of
3 beneficiaries that are heirs ....do I even n...read more
My child is a first year college student and he worked for two different
companies last year, he has one W2 and one 1099-NEC. My question is he
is not self-employed and doesn't has a business. How does he report this
since I got mixed answers. Some s...read more
dlp17Posted April 6, 2025
| Latest post April 6, 2025 by
xmasbaby0
1) Is it the person who asks a question the only one who can mark an
answer as the best answer? Or can someone else do that? 2) Once a Q&A
thread has a best answer marked, does that signal that no more replies
are allowed as follow up to that questio...read more
This is for anyone in the forum...I find it extremely cumbersome to find
the place where I can post a question here... yes, eventually some how I
get here but it is never easy or straightforward.Can someone post a link
or provide some steps to come t...read more
This answer has been verified for accuracy by an Intuit expert employee
gifting a house
My elderly family member gifted his 70yo daughter the rental property
that she had been living in and paying rental for years. What Turbo Tax
software should he purchase for this situation? And where in the
interview is the question(s) that would add...read more
I am not seeing an option to Adjust a Stock Basis (inherited stock) on a
stock incorrectly downloaded from my Brokerage. In the past (last year)
there was an "inherited" option to check somewhere in editing your stock
transaction. You just clicked on...read more
I have a Montana LLC 100% owned by a Colorado LLC (which has multiple
human owners). TurboTax Business 2024 won't let me do the taxes of the
Montana LLC because there's only one member....telling me to instead use
Schedule C of the single member's 10...read more
I need to exercise my Incentive Stock Option which will expire in few
months, but I plan to hold on to them. If I hold them after exercising
(buying) the ISO stocks, how should I deal with the AMT? Thank you
Galleria_JoePosted January 8, 2025
| Latest post January 13, 2025 by
AmyC
The only link I found says to click my avatar icon at top right of the
page, then select settings. There is no 'Settings' option there. I only
seemy email addressVisit TurboTax CommunityManage your Intuit Account
(this area has no Settings selection)...read more
davekro1Posted December 26, 2024
| Latest post January 2, 2025 by
KatieK7117
Hello. Does anyone know how the long and short-term tax losses can be
deducted from overall income? For example, suppose I have $25,000 in
short-term and $10,000 in long-term capital gains from trading shares
this year. I'd like to sell the bad holdi...read more
larryton1Posted December 23, 2024
| Latest post December 23, 2024 by
M-MTax
Still on my way to get 40 credits for social security requirement.
However, for 2024, I only have $5k earned income from work, so I won’t
have $6,920 earned income from work for 4 credits. My question is, how
can I keep get the full credits when I do...read more
A tag team has been extremely helpful in guiding me through the
accounting complexity with respect to classifying depreciable assets. My
daughter has completed an $80,000 renovation to a rental apartment that
she owns. How does one go about in the Pr...read more
Upon "Federal Review" an error was flagged and it showed me Form 1040
Schedule 1 and only Line 18 was editable. I entered the value the error
indicated just to placate the checker (knowing full well the value in
the indicated field was incorrect but ...read more
BoatMan0Posted October 7, 2024
| Latest post October 8, 2024 by
BoatMan0
When installing TT Premier 2023, I noticed the following error in my
Windows 11 Pro Event Log: Since the error is declared to be within a
turbotax file, can this error only be fixed by TurboTax, via a
modification to the installation download? The in...read more
Pam M58Posted October 2, 2024
| Latest post October 2, 2024 by
Anonymous_
Hello, In 2023, I did a direct rollover from a Rollover IRA (originally
from my previous employer’s 401k) to my new employer’s 401k.While the
majority (over $10k) was rolled over directly, a small residual of $11
was mailed to me instead. I cashed it...read more
h4dyPosted September 30, 2024
| Latest post September 30, 2024 by
Bsch4477
Our daughter has renovated part of an apartment that she uses as a
rental. I believe that kitchen items, like stoves, refrigerators, dish
washers, etc. are not capitalized and depreciated over 27.5 years,
because their useful lives are much shorter. ...read more
GGBJrPosted September 23, 2024
| Latest post September 27, 2024 by
GGBJr
for 2025 I have to file an Estate Form 1041 which is only available
using the Business edition. I also have to file a Mass. form 2 (
fiduciary income tax) Is form available if also purchase a the state
option?? if not where ?
Fredd1Posted September 21, 2024
| Latest post September 21, 2024 by
M-MTax
My wife passed away in 2024. When I use Turbotax to E-file my 2024
taxes, I'll use "Married Filing Jointly" status, but what special
notations or signature rules will apply and how do I implement them in
the Turbotax program?
pfbenchPosted August 28, 2024
| Latest post August 28, 2024 by
xmasbaby0
Hi all,I hope this message finds you well.I’m considering trading in my
business vehicle, which has been used around %92 - 93 for business
purposes. I originally purchased the vehicle in 2022 and took advantage
of the full bonus depreciation in the f...read more
There appears to be an error in the step by step program for the
Colorado CCCC. The program says to input the information from line 3 of
the form 1317 received from the recipient organization. Line 3 is the
"gross" donation and the credit is supposed...read more
I received a K-1 reporting my share of the tax paid to Colorado as part
of the SALT Parity Election. I cannot find a place in the step by step
or forms section to enter this amount on the resident Colorado income
tax return. Also, would this amount a...read more
toddrub46Posted August 17, 2024
| Latest post August 18, 2024 by
toddrub46
I made 529 contributions to 2 separate accounts. My daughter is the
owner of one account and I am the owner of the other account. The
Colorado Form 0104AD instructions say if you are the account owner leave
that information blank on the form, but if ...read more
Hi There! My name is Kim, I have been exploring on Intuit for few years.
I just recently started learning and exploring QuickBooks and found the
platform was something I liked so I have been reading all kinds of help
topics and articles. I have decid...read more
Hello, I have a question regarding the tax reporting obligations for a
company operating a sweepstake social casino in the USA. The company
states that participants are solely responsible for any taxes on prizes
they collect or redeem from their part...read more
Hi,How do I enter a value for Schedule 1, Section II, line 24h.Attorney
fees and court costs for actions involving certain unlawful
discrimination claimsThanks,Mo
MoRez123Posted May 15, 2024
| Latest post May 15, 2024 by
DoninGA
I took out a loan on my 401k to make a down payment on a rental
property. I’m using part of the rental income to pay back the loan. Can
I claim those payments or the interest from those payments as a
deduction?
Federal Review identifies an error in Schedule B – 1099-INT for a
Treasure EE bond that matured. I reported the interest in each year the
interest was paid. Therefore, in 2023, which is the year the bond
matured, I would pay tax on the interest in 20...read more
I tried to install 2016 H&B on a new machine to amend an old return, at
the request of the IRS auditor. Installation failed 'automatic updates'
throwing an error #42016 dialogue box. Outcome, my state return install
was blocked by 'Intuits install an...read more
I am a single owner of an S-Corp. In 2022 I withdrew $300K cash from the
company to help fund the purchase of an investment property. The
investment property was purchased using this $300K fund and my own
personal fund. The property's title is under ...read more
andy5988Posted April 23, 2024
| Latest post April 24, 2024 by
PatriciaV
My tax return status said additional information needed. And it asks for
my passport, ssn copy and my bank statements. Since I just moved to the
state last September and only do tax last yr, do I just need to mail my
bank statements only from last Se...read more
Claude26Posted April 22, 2024
| Latest post April 22, 2024 by
VolvoGirl
My college aged daughter did not receive a W-2 in 2023, but received a
1099-INT, 1099DIV and 1099B. In 2023 she had a Captial Gain/Loss of
-$8000. 1) Can I file taxes for her if she didn't receive a W-2? 2) If
she doesn't file taxes this year can she...read more
Hopefully an easy question, just summited after setting up a payment
plan. At the end of TurboTax it asked me if I wanted to print the forms
I need to send the IRS. I said yes and it was just a payment voucher.
Seeing as I setup a direct payment plan...read more
KiltedPhilPosted April 15, 2024
| Latest post April 15, 2024 by
DoninGA
My husband's brother passed away last year. He lived in New York and did
not own property in Pennsylvania. My husband, a Pennsylvania resident,
received an inheritance which was a share in the distribution of his
brother's 401K. My husband received a...read more
TracH21Posted April 13, 2024
| Latest post April 15, 2024 by
DianeW777
when someone can't log in with their email. when they send a
verification code, they put in the code. but still not able to log in.
done this 3 or more times . then got lock out . what to do?
On March 21 I e-filed three Federal returns. Two relatively straight
forward returns were accepted by the IRS within two days. The third
return (about 100 pages) has to date still not received an
acknowledgment from the IRS. Because of its complexity...read more
GGBJrPosted March 29, 2024
| Latest post March 29, 2024 by
GGBJr
New York State instructions state that tax returns for New York MUST be
e-filed; paper returns will not be accepted (so they say). They also say
that e-filings to the state are free, and that the cost is included with
the price of the software provid...read more
GGBJrPosted March 20, 2024
| Latest post March 20, 2024 by
GGBJr
