[Event] MetLife & TurboTax Present: the Ask us Anything Foru

[Event] MetLife & TurboTax Present: the Ask us Anything Forum

Join us right here on April 1st any time between 9:00am - 5:00pm Pacific Time for a special co-branding of our Ask the Experts event series. In partnership with MetLife Legal Plans, we'll be answering any of your tax questions, such as life changes, ... read more

Underpayment penalty not working for California?

I have an approximately $800 underpayment for California state taxes. Originally it said I had a penalty but then I answered questions about last year's taxes and now there is no penalty. I don't think I meet the safe harbor rules but last year I did... read more

Regarding return of excess contribution ROTH IRA

Hi,We maxed out our ROTH IRA contribution in 2025. Now as we are about to file our tax we found out that the MAGI is slightly more than 236,000. We are married filing jointly. Question 1, since we exceeded the MAGI, we have to reduce our ROTH IRA con... read more

1099-NEC for taxes not from main employer

my daughter worked for an employment agency and received a W2 from them. She had been placed in a job at a campground. The campground did not employ her and did not send a W2 as you would expect. But they did send her a 1099-NEC for tips that they co... read more

Rental property losses

Will claiming losses on Schedule E line 16 reduce my federal taxes for the year?if not how can I use losses to reduce federal income tax?

From 8833

I have SSA income from Chinese government. I don't need to pay USA tax for this income per US-China Tax Treaty Art 17-2. I have entered this income and subtracted this income using Tax Treaty Art 17-2 under 2025 1040-SR Schedule 1, Part I, z - ‘Other... read more

RothIRA & Backdoor RothIRA after life event

Hi! I got married last June. I've been contributing the max amount yearly to my RothIRA. However, now that I'm married and will be filing jointly. Questions: What will happen to my RothIRA account? Do I need to stop contributing? Can I just leave it ... read more

Underpayment penalties

how to fill 'Long-term capital gains and losses' screen for penalty recalculation?I had stock capital gain $30000 for 2025 and $10000 Capital Loss Carryover from 2024. The net capital gain for 2025 was $20000. My actual gain for 1/1/2025 to 3/31/2025... read more

Using Schedule C

This message is for confirmation that it is appropriate to use Schedule C when owning a house that is not a primary residence and is not a vacation home and there were maintenance expenses to deduct and it was not rented yet.

Penalty & Interest are showing as one line in my tax return. How do I know amt for each?

Question 2: ESPP shares – cost basis after transfer from computershare

Title: ESPP shares transferred from Computershare – cost basis handling in TurboTax DesktopI am using TurboTax Premier 2025 Desktop (installed client software).I transferred qualified ESPP shares from Computershare to my brokerage account. After the ... read more