I have a rental property and Turbo Tax is using the AMT depreciation
instead of the standard depreciation. I am nowhere near the AMT limit.
The AMT depreciation deduction is $1200 less than the standard. How do i
fix this. I cant see anyway to change...read more
My wife and I own an investment property, a duplex, purchased in 1999
and paid off in 2008.The gross rental income is $1,200 per month.The
house is currently in need of some foundation repair along a 12 foot
section of basement wall, and will soon ne...read more
When I input my rental house income, I found the TurboTax using AMT
depreciation instead of regular depreciation (by H&R Block). Do I have a
choice to avoid AMT depreciation in the software?
NewfeiPosted March 25, 2024
| Latest post yesterday by
dbarboro
If one sells an option and it expires it has a costs basis of $0 , yet
Turbo tax keeps telling me I have an error and have to enter the costs
basis.. I know I can force a work around, but this software should be
able to understand that there are inve...read more
rilandonPosted a month ago
| Latest post Thursday by
M-MTax
Last year (TY 2025), I sold close to $500,000 in stock, nearly all of
which was long term capital gains reported to the IRS. This shows up
correctly in TT for my Federal Return, but doesn't seem to register at
all when I click in to State Taxes to wo...read more
Hello,using TurboTax, when I added the short-term capital gain of 4,900
dollars, my taxed owed increased with aprox 8,000 dollars. My tax
bracket has not changed when I added these 4,900 capital gain, we are
still in the 32% bracket. Even with a NIIT...read more
doroxPosted 2 weeks ago
| Latest post 2 weeks ago by
dorox
Background: I am a former software programmer and software validation
analyst. I did software support and testing for 10 years. We have been
TurboTax customers for over 20 years, and I often have reported bugs in
their code to them. In the last 2 yea...read more
Why does TT not check for existing K1s when doing a import of data? if I
import this years data it makes a new K1 and does not use the existing
one carried over from last year..
I have a large collection of Disney trading pins. I have sold some in
the past for a good profit per pin. My tax consultant stated that these
sales qualify as collectibles and should be included on Schedule C. I'm
concerned to do this because of the ...read more
exsocal8Posted March 9, 2026
| Latest post 3 weeks ago by
MonikaK1
In 2025 I had 30,000 in earned income my husband was retired and had no
income. We are filing married jointly based on our age we can contribute
8,000 into a Roth. Question is can I do a spousal Roth 8,000 for my
husband and another 8,000 for myself....read more
Is there a way to enter losses onto form 8949 from cancelled shares that
do not appear on a 1099-b? Stock shares that became worthless in 2025
due to corporate bankruptcy but were not sold, therefore do not show up
on a 1099-b. This information shoul...read more
If i have a lot of capital loss in stocks, how can I use it for my
taxes?Can I only use it for capital gain? Can I use it for other
things?3000 a year won't allow me to use it up.
aznkk82Posted 4 weeks ago
| Latest post 4 weeks ago by
VolvoGirl