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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

Correcting an answer

I want to change an answer in the step by step view and no matter how many times I select the "back" button it only takes me to the table that reflects the final amounts for that particular section. I cannot get back to that question. I've even tried... read more

Amended return E-file issues

Hello, I filed my return via turbotax desktop for my 2023 returns but needed to amend them. After going through and amending the returns I have run into a few issues: when it makes me sign the return I input today's date (2/4/2025) but it will give m... read more

Import dropdown menu for financial institution

What are these first 2 lines when I go into import that are 7135e5df346288662 and a006-f04c74687ad2? Just updated the program and these didn’t show up earlier. Is this a bug or hack?

Incentive Stock Option and AMT

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

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What is up with all the difficulty in posting a question here...

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

Is New York State e-filing free with the 2024 mac download version of Turbo Tax Deluxe?

How to add an avatar picture?

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

Tax gain/loss calculation

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

Taxes

1099 for taxes this year have dependent and one disabled dependent single will I end up paying or should I get a refund

Income for for social security work credit eigibility

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

How does one add a sizable improvement to a rental property's basis to adjust depreciation expense?

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

Form 1040 Schedule 1 Line 18, how to clear it?

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

Windows 11 Pro, Event 63, SideBySide error occurs during installation of TurboTax Premier 2023

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

Tax return Amendment for Small Distribution in corrected 1099-R

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

Depreciating Kitchen Items In a Rental

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

Mass tax form 2

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 ?

Deceased spouse

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?

Business Car End of Year Trade-in

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

Colorado Child Care Contribution Credit

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

SALT Parity Election

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

529 contributions

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

Locating Funds!

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

Tax Reporting Requirements for Sweepstakes Prizes from a Social Casino

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

Can the interest above the original loan amount from cash out refi of a rental be deducted using the loan proceeds to help in buying a personal residence?

How do I enter a $ value in Schedule 1, Section II line 24 h Attorney fees and court costs for actions involving certain unlawful discrimination claims

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

Used 401k loan as a down payment on a rental property. Can I claim it on my taxes?

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?

1099-INT for Treasury Bond

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

Error Code 42016, what is it? how to resolve it? Can't load my 'state return', BLOCKED

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

Schedule SE line 7

Can you see my tax return 2023 schedule SE line 7? I don’t know where’s the amount $160200 from.

Single owner S-Corp Incorrect Cash withdraw caused negative Stock Basis

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

Bank Statement need for my state tax return

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

Claiming a Capital Loss

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

Payment Plan with IRS

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

Does a PA resident pay income tax on a distribution from an inherited 401-K from out of state?

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

sign in

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?

TT is forcing me to use 1040-STT is forcing me to use 1040-SR.

TT is forcing me to use 3-page1040-SR. I don't want to use 1040-SR. How do I switch to the regular 2-page 1040 and print it so I can proofread it?

IRS Acceptance of Returns

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

E-filing New York State Returns

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

TurboTax error? IRA rollover to IRA is taxed in turbotax when there is no tax.

Trying to Amend only 1 of 2 State Returns Already Filed and Turbo Tax changes data on both?

CA Form 593 has multiple technical issues. I can correct the form manually to display the information it should contain but Turbo Tax keeps flagging these as errors when they are not. When I e-filed taxes I put in one of Turbo Taxes corrections durin... read more

Divorced, New Account, accessing my old tax info

I was divorced last year. I have been using TT for a decade and all my tax history is here, and all it entails. Now my ex has control over the TT account and I can't access my history, especially for things that carry over year-after-year like losses... read more

Built In Appliances

Does a built in stove should be depreciated as a 27.5 yearproperty

W2

Turbo Tax is reporting that it can't e-file my return because it has a W2 with less than $1 in box 1. This was due to the sale of a partial share of company stock I purchased when I was employed by McKesson through their ESOP program (I retired in 20... read more

Iowa Tax Calculation Discrepancies

According to the instructions from the Iowa Department of Revenue (https://tax.iowa.gov/sites/default/files/2024-03/2023%20Expanded%20Instructions_030824.pdf), Iowa taxes start with leveraging the Federal filing and and adjusting from there. As part ... read more

capital gain treatment on the sale of inherited property via generalu skipping trust

How the property sold by second generation(grandchild) treated in a generational skipping trust when she /He sells the property? Capital gain should be paid by the grandchild???If so, what would be the basis of the property inherited?

The 2024 Super Bowl Winner

Hi, Does any know who is the 2024 Super Bowl Winner? I tried searching around online, but I am not getting any answers. Thanks in advance!

IRA Basis

A few years ago, I moved my 401k to a Traditional IRA. The 401k included pre- and post-tax contributions. I understand the IRA basis is the post tax contribution. How do I report it to the IRS?

Head of Household

Hello Everyone,I have moved in to my 90 year old mothers house to care for her and am the Feduciary for her VA Survivors Benefit. I have lived here for all of 2023 and some time before that. I pay all the utilities and grocerie bills and maintain the... read more