Community basics

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 and deductions. How do I gain access to that data in the old account (now controlled by an uncooperative ex) for use in my new individual one?

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

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 2020).  McKesson sent me the W2 with $.01 (that's not a typo) in box 1.  Can I delete the W2 to make Turbo Tax happy?  Then I have to ask did McKesson file the W2 with the IRS and will I get into trouble if I don't include it in the return?  Can you ask your on-staff CPAs what I need to do? Thanks. 

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 of that, they use an IA 1040 Schedule 1 to determine modifications to the Federal Filing such as subtracting out pension, IRA and Social Security income from the federal income.  I've noticed some discrepancies as to TurboTax Premier's treatment and carryover of data from the Fed form inputs.  Of course, some (or all) of these observations could be incorrect based on my lack of accounting knowledge... Afterall, that's why I use Turbotax.1.  I inherited a small railroad retirement income which seems to be ignored Schedule 1 Line 7 (IRA/Pension/Railroad Retirement Income) for a subtraction.2. On Schedule 1 Line 15, Iowa allows a income subtraction for Health insurance deduction if Iowa income is less than $100,000. 

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?

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!

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? 

 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 property. When filing my taxes I am told that I cannot claim Head of Household. Can you explain to me why? 

I manage the tax returns for several children and grandchildren.  Last year, I started using the upload option for Form 1099-Bs and Form 1099-DIVs.  For my TT account, I was able to select Fidelity Investments, which took me to Fidelity where I would sign in with my Fidelity user name and PW, which would take me to the tax documents for my account.  These I would select and upload. When I am doing another family member's tax return I follow the same procedure, but it skips the login step when I get to Fidelity, and goes directly to the tax statements that were listed under my account.  Am I doing something wrong, or is there a glitch in the TurboTax software? I also have all of the family tax statements placed in my account by Fidelity.  In this way I only had to access my account and select whatever documents for the return on which I was working.  I did not have to log in at Fidelity for each family member's Fidelity account.  This year wh

On Form 8285, Part V, our current year K-1 rental income is not shown as Current year Net income.  Instead, Current year Net income is shown as 0 and Current year Net loss is equal to Prior years Unallowed loss carried over minus our K-1 rental income.  Is this how it should be shown?  I don’t see this in any 8582 instructions.  Furthermore, the resulting Current year Net loss is added to Prior years Unallowed loss to calculate Overall loss, giving us a larger overall loss than we should have. Is this correct?

Hello, I dont want to sound ungrateful for Intuit thinking about secrurity but ...OMG enough already! This week I was forced to update my password when using TT.  Keeping in mind that I believe everyone has hundreds of logins that can only be managed with either a password manager or the browser and with the cyber criminals out there you really need to use a complicated password, its a real pain to have to retrieve login info any where except in the browser.  I'm on a Mac and sometimes there is a link to the password file that one can click but I've found that prevents TT from working. SO my request is to not force us to update our password in the app and use the browser for logon info when ever possible. BTW, I use hundreds of websites including those from banks, brokerages and the US government and the intuit website is **BY FAR** the messiest and most complicated to use.  What makes it worse is that there is only a short time when I use Intuit and

In the past, I made nondeductible IRA contributions. Turbo Tax always asked me this question and the value of the IRA at the end of the year, then generated the 8606, and filled in the taxable amount in the 1099-R.  It does not seem to be doing that this year. I can find an 8606 in the list of forms but the values are incorrect and it seems they were not accurately transferred from last year's return. Is there a bug in the system or am I missing something?

My daughter was awarded a grant from her college for taking a job as a secondary school music teacher. She completed a music education degree. The college listed the amount as other income on a MISC1099 form.  She will have to report that as income on her tax return.  Will she have to pay income tax on it and how should she enter this in Turbo Tax?

Before I enter a 1098-T I am showing a large refund. After I enter the 1098-T, my refund is reduced a lot.Thoughts? Thank you.  

Hello,I downloaded my form 1095B. I noticed that the home address shown on the form is still my old address under part 1. Is this going to be an issue? I'll try to rectify this for the upcoming year.Thank you for your response.Abe

In case helpful to others, talked to one of the experts on the phone and said to ignore this message.  Note TT adjusts trades automatically for the wash sale rules and the message suggests several things that the user doesn't have to deal with.=========================Gain and Loss SummaryHere's a list of your capital gains and losses. You can edit (change) these gains and losses to enter required PA information.To edit the description, or add/delete a gain or loss, go back to the federal topic for investment income. Note: Pennsylvania residents should note that Pennsylvania does not follow federal Wash Sale rules forlosses. If your sale is subject to federal wash sale rules and you incurred a loss, your basis forfederal purposes is not the same as your Pennsylvania basis. Separate records must be kept foryour Pennsylvania basis for securities purchased under the federal Wash Sale rules. Effectivefor transactions on or after January 1, 2023 Pennsylvania conforms to thefe

New York State indicates that Turbo Tax Business has not received approval for tax years 2022 and 2023. Will Turbo Tax get approval for 2023.

1/ Why 2023 TurboTax version required to log-in intuit before log-in my banks for import tax forms? Does intuit recording my records without my notice?2/ All previous years TurboTax version allowed one log-in to my bank and tax files were import no issue but this year 2023 TurboTax Deluxe version kept giving me error?

I got married in latter part of 2023 and moved out of my parents house and the state to be with my husband. We want to file jointly together but my parent wants to claim me as a dependent. I did not go to college and as a couple we paid for the wedding ourselves which was my main expense of the year. Whats the best course to go about this issue? 

Sorry, I don't know where the proper place to ask this is. I would like to change my username on these forums. I am able to change my TurboTax username, but not the name that appears on the forums. Please advise. Thanks.

My 1099 Div from my brokerage firm included foreign qualified dividends in the totals on lines 1a and 1b.  Foreign tax paid is listed on line 7. I entered the proper figures into Turbo tax during the income section, but when I tried to take the foreign tax credit Turbo Tax states that I didn't enter any foreign income.   Since the foreign income is included in the total income I entered for the 1099-Div, I am at a loss as to how to enter that foreign income so I can take the foreign tax credit.

Wife has ITIN and daughter has a SSN, who is 5urs old by the way, and  both currently living in the Philippines. I currently work in the the US while going back and forth to the Philippines every 3 months. Basically I live in the Philippines, but still have a U.S mailing address for document purposes.  Could I apply for the child tax credit? My wife doesn't work and i provide full support towards my wife and daughter.

What is the asset category for a replacement hvac unit that was installed on a residential rental unit?

I have been watching the update say Retrying updates 2min remaining for 30 min.There seems to be an issue with updates.I've rebooted and gone straight to turbotax with no change. Any suggestions? Thanks

Can i e file a tax return if i already have an itin number and it is not expired in the turbotax website or does it need to be paper filed?