Hello to the corporate big wigs: I have been a loyal user of Turbo Tax
software for past 28 years and have introduced this software to umpteen
number of colleagues, clients and friends. Over this period of time I
feel that the product is becoming mor...read more
EDSDPosted 3 weeks ago
| Latest post Tuesday by
EDSD
You think you’re doing great - taxes withheld from every paycheck or
quarterly estimates have been paid timely - and suddenly you see a tax
penalty. It can happen to even the most conscientious of people. Life
happens and some of those life “happenin...read more
The two most common reasons to amend your tax return are that you
realized you made a mistake or you received a new tax form after you
filed. Other common reasons are using the wrong filing status or
claiming/not claiming a dependent. Whatever your r...read more
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
I'm in the Deductions & Credits review. It is showing me 2023 and
comparing it to the income taxes I'm working on for 2024. It shows $0
for vehicle registration fee. I KNOW I entered that. So, what happened
to it? Why is it missing?
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
I received a 1099K. I have selected "All items were sold at a loss or
had no gain" According to the IRS website there are 2 ways to report
this. Schedule 1 form 1040, 1 lump amount, OR form 8949, schedule D,
where you list every item. Turbotax is hav...read more
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.
px1Posted a week ago
| Latest post a week ago by
px1
