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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 ?  

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?

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 first year, amounting to approximately $19,000.Currently, the vehicle has a loan balance of $9,000 (I understand this is irrelevant for IRS purposes) and a market value of around $14,000, leaving me with about $5,000 in equity if I were to trade it in now.My plan is to trade in the vehicle at the end of the year and purchase a new business vehicle valued at least $28,000. Given that I expect higher-than-anticipated business income this year, I’m trying to determine the best course of action. As far as I know, bonus deppreciation is %60 for 2024, and %40 for 2025.Could you please advise on the tax implications of trading in the vehicle and purchasing a new one in December 2024? Alternatively, would it be more beneficial to delay this transact

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 to be 50% of that amount. On my return it created a 100% tax credit which fortunately I caught before filing so I could override it in the Forms section. 

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 also be reported as a Colorado "add back" in that section. 

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 you are contributing to an account owned by someone else you must enter their name and SS number. So how do I enter the 2 separate contributions into TT to address this? Last year I just combined the 2 contributions under my daughters account name and received a deficiency notice from Colorado because they disallowed the amount I contributed. I was able to get this waived once I explained the situation but I'd like to avoid this hassle this year. 

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 decided to try and enroll in the benefit program and start Learning Bookkeeping and Tax Specialist. During my exploration I had a "OMG!" Moment. A few years ago I put $100 on a Intuit account and have had no luck finding it. Is there a way to some how locate funds without having the email address and log in? I know it's a shot in the dark but it would be AMAZING to find..  Thought's???  Thank you so much for taking time to read this...  Kimberly  

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 participation. However, the company also mentions that they do not send any tax forms (such as Form 1099-MISC) to the winners, even if the prizes exceed $600. Given that the company operates entirely within the USA and awards prizes to participants, I am wondering: 1.Is the company legally required to issue Form 1099-MISC to participants who win prizes valued at $600 or more?2.What are the potential consequences for the company if they fail to issue these forms?3.Are there any specific circumstances under which a company might be exempt from issuing Form 1099-MISC for prize winnings?4.What should participants do to ensure they are compliant with tax laws if they do not receive a 1099-MISC form from the company?5. How should a com

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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

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? 

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 2023, not previous years.  To follow this methodology, in the Adjustment to Interest section I check box U on the 1099-INT for the Treasury Bond and identify the adjustment amount to be subtracted from what the Treasury reported as interest (box 3).However, 2023 Turbotax Premier identified this as an error and disallowed an electronic submission of the taxes.  I talked with Intuit support and they required I purchase time with their CPA experts to discuss the situation.  To submit the tax documents by 4/15/2023 I printed and submitted hard copy.Any input regarding how I should have processed the return is appreciated.

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 and updater' failure (ProdMgrs take note) I browsed the community for manual updates, Intuit used to provide an archive of patches and manual updates in the past for all TT versions, that archive is buried, gone or obfuscated, by community happy talk and this link, https://ttlc.intuit.com/turbotax-support/en-us/help-article/update-products/manually-update-turbotax-windows-software-basic/L3Wf9OPaf_US_en_US, this is helpful for TT 2023, 2022, 2021, but doesn't explain what a 42016 is and doesn't provide useful links to previous TT versions manual updates and patches. #42016 isn't defined anywhere on the Intuit site (PROD Mgr take note)  it should be, what is it?  what does it mean? since it impacts

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

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 a Trust that I own. I incorrectly recorded the withdrawal as "Owner Draw" rather than "Asset Purchase". I didn't even report it on the 2022 tax return as Distribution. On top of all this, I just realized that if I report this as a Distribution it will put my stock basis at about negative $200K.   I should also mention that I HAVE given myself an ample enough salary from the S-corp. So, now I am thinking of amending the 2022 return to correct this situation by recording the withdrawal as an "asset purchase". The company will own a percentage of the property through the Trust agreement.  My question is, is this an acceptable way to correct this situation? Thanks in advance for any input.

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 September? Or all of the last yr? Or all of my bank statements?

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 still claim the loss in future years?  Thanks for the assistance!

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 from my checking account do  need to send this as a one time payment?

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 schedule K-1 (Form 1041) from his brother's estate in New York.   We are reporting this income on both our Federal tax return and on a New York Nonresident return. My questions are as follows:1) Is there Pennsylvania inheritance tax on this and do we need to file the inheritance tax form? It is not from a Pennsylvania source.   2) Is this inheritance taxed in Pennsylvania as income and does it need to be reported on our Pennsylvania tax return? 3) Because this inheritance is a 401K distribution, does that change the way it is treated in Pennsylvania?4) If this inheritance is not taxed on our Pennsylvania return, how do we indicate that in Turbo Tax?Thank you. 

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 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?

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, I can possibly understand the delay.  However, in the past ten years or so returns of equal complexity were still acknowledged by the IRS within two days at the most.  How long should I give the IRS before acting, if they do not acknowledge the return, and what is the procedure?  This return did receive the preliminary email notice that it had been sent (by TurboTax?). Thanks for your thoughts! 

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 providers (i.e., TurboTax).  Is this true?  If one goes to e-file a New York State return via TT, does TT bypass the purchase of the e-filing capability?

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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 during review and it created an error on my CA taxes, so I need to submit an amended state return for CA , but Turbo Tax technical issues are still coming up and Turbo Tax is trying to amend my Idaho taxes as well, which don't need to be amended, despite me instructing the program not to amend those taxes. It has activated a button on my ID 40 worksheet and will not turn off the amending function and keeps changing my refund total incorrectly. I can't overwrite that worksheet button.  I have used Turbo tax since 2015 and never had any problem as bad as this. I see the CA 593 has a long history of issues that have not been addressed.