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For 2025, the IRS is introducing a new code Y for QCDs

The draft 2025 Instructions for Form 1099-R introduce a new code Y for IRA custodians to report distributions made directly to a charity that are intended to be QCDs. This means that 2025 TurboTax will need to make changes to accommodate this new cod... read more

How Do I Amend My Taxes? Form 1040X & State Amendments

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Schedule E error not accepting passive loss

I am on a Mac using Turbotax Home and Business version 2024.r25.036The system will not accept the 2023 number for operating loss. It says "Sum of losses in individual years should not be greater than the total loss (-18076). If I enter -18076, I get ... read more

Selling rental property owned by estate

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tax payment worksheet double counting federal tax payments

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Unable to obtain my 1 free 2024 Audit Defense Benefit as a Turbo Tax advantage member

I can't order my free Audit Defense despite reaching out for customer service support multiple times ,4/25/2025 I became a Turbo Tax Advantage Member in 2024 but I have been a turbo Tax customer since 2009 . The problem is I am unable to claim the Au... read more

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Federal Taxes: on a recent Return, I had underpaid my taxes by $150 and was charged a PENALTY of $60.Yet IRS website states that usually no penalties if you owe less than $1500. Please explain why Turbo Tax calculated this penalty. Thx.

When I try to activate the free Audit Defense benefit in TurboTax Home and Business 2024 on line, it asks me to pay $60 instead of free. Can someone provide a solution?

I received an email from Turbo Tax instructing me to activate my Free Audit Defense benefit by April 30. However, when I follow the instructions in the email try to activate the Free Audit Defense benefit, it asks me to pay $60 instead of free. I thi... read more

Turbotax instructions are wrong for CA 8453-OL

Turbotax says:Sign and date Form 8453-OL within 1 day of acceptance. The official CA FTB instructions https://www.ftb.ca.gov/forms/2024/2024-8453-ol-instructions.pdf say:Sign form FTB 8453-OL after you prepare the return, but before youtransmit it.