Other financial discussions

Join TurboTax Community: Your Tax & Finance Guide for Credit Karma Members!

As you may know, getting your free credit scores through Credit Karma is just one part of your financial journey. Although understanding your credit score is crucial for making important decisions, it’s just one part of the puzzle in managing your fi... read more

Getting Over Bad Money Decisions

Last week, on the Turbo blog, we talked about ways to forgive yourself and move on from past financial mistakes. CFSW, Marsha Barnes, shared five key ways to move on and get better with your money: 1. Recognize previous spending behaviors and forgive... read more

Rental Property - QBI Qualification Questions

Hello,In 2024, I started renting my first rental unit. The rental for the unit started on 5/15/24 and before that time, my wife and I had been using it as our primary residence. Over the course of 2024, the unit has been rented since 5/15/24 through ... read more

HSA eligibility

Hello, I am currently enrolled in an HSA. Both I and my employer have contributed so far in 2025. I found out my spouse has an HRA this year. The HRA only covers her. Does this make me ineligible for an HSA? I could not find much online about this si... read more

Sale of LLC

How do I report the sale of an LLC of which I owned a 5%. During probate a value was placed on it 12 years ago at the time of my mother's death and it has now sold. Is there a stepped up value and how do I report?

Quicken Employer Forms - New Business

Trying to create a new business on Quicken Employer Forms (. I enter all the info for the business including EIN, but when I press Create Business, I just get 4 dots spinning in a circle forever and the new business is never created. https://quickemp... read more

Hardship Withdrawal

Hello Long story short im in school and I found out recently that I am short a class to qualify to sit as a CPA. My job requires I have it soon. I did research and found an old 401k that had almost enough to cover the cost and they allowed tuition ex... read more

W2 employee hiring spouse?

I'm a very busy W2 salesperson, can I "hire" my spouse as a consultant/secretary to help manage my incoming communications? The company wouldn't pay her rather I would directly. It would probably be 15-20 hours a week off work

Double inherited IRA

My father passed in 2015. My mom did not do a spousal assumption on the IRA or a rolloverto her own IRA. Mom passed 2024. Each of us kids have inherited a portion if this IRA. Do we have 5 years or 10 years to withdrawal since rules changed in 2019? ... read more

What is QuickBooks Payroll Support Team Number? Need Intuit Help

Hello, I’m experiencing an issue with QuickBooks Payroll. I cannot generate employee pay stubs for this period, and I’m getting an error message when trying to run payroll. I’ve tried restarting the software, but the problem persists. Can someone ass... read more

Family Loan Limits to Avoid Interest

What is the allowed amount for a loan between family members in order to not have to pay interest? Is it exactly $10,000 per year? Do you need to immediately start making monthly payments back or set up a contract that just defines the terms of when ... read more

Same Product for use on a Mac and a Windows PC?

I know you can use TurboTax in both operating environments and that you can install one product key on 5 different devices - but can some of the 5 be Macs and others Windows-based?

How to gift an ounce of gold to each of my adult children?

I have two 1-ounce bars of gold that were given to me with no records from a friend a couple of years ago. I want to pass them along to my son and daughter as Christmas gifts, one bar to each of them. I would not want them to have to pay capital gain... read more

I am located in Texas. I am a mother not working the father is not on the birth certificate due to an unresolved marriage. Can I allow him to claim my son on his taxes if I receive WIC, Food stamps and Medicaid? Or is it not even worth it?

My boyfriend provides other things such as baby necessities and shared custody. He makes about 75,000 a year. I am on benefits and am not working but have agreed to let him claim him will this open up a child support case or cause any legal issues fo... read more

sale of a home

my husband and I have lived in our home for 25 years...the deed however is in my name and my sisters. she has no claim to the home...how would the capital gain work here...can my husband and I claim the full exclusion of $25K each...we meet the look ... read more