All Posts
March 19, 2026
10:02 AM
Yes, your Box 2a of $44,155.29 is consistent with IRS rules. Although it doesn't mention MVA specifically, The consistent rule is:“The amount you receive is the net amount after any adjustments requi...
See more...
Yes, your Box 2a of $44,155.29 is consistent with IRS rules. Although it doesn't mention MVA specifically, The consistent rule is:“The amount you receive is the net amount after any adjustments required under the contract.” This implies that the amount you receive is as follows.
Start with the cash surrender value
Subtract MVA loss
Compare the result to your basis
The excess is taxable gain (Box 2a) This is generally is the interest you received during the life of the contract.
March 19, 2026
10:02 AM
I worked for Door Dash only and had no investments.
Topics:
March 19, 2026
10:02 AM
Last year's return did not carry forward a 4562. I know how much to claim for depreciation and amortization, Does IRS still require a 4562 in subsequent years?
March 19, 2026
10:01 AM
Other Tax Situations / Underpayment Penalties section provides the option to enter quarterly data to adopt the Form 2210 AI method.
March 19, 2026
10:00 AM
1 Cheer
Even though the full amount shows up in the total income on the 1040 lines 3b or 7, if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separate...
See more...
Even though the full amount shows up in the total income on the 1040 lines 3b or 7, if you have capital gains or qualified dividends the tax is not taken from the tax table but is calculated separately from Schedule D. The tax will be calculated on the Qualified Dividends and Capital Gain Tax Worksheet. It does not get filed with your return. In the online version you need to save your return as a pdf file and include all the worksheets to see it. Save the PDF https://ttlc.intuit.com/community/saving/help/how-do-i-save-my-turbotax-online-return-as-a-pdf/00/26234
March 19, 2026
10:00 AM
The TurboTax free option is for members of the military who are active duty or reservists with an enlisted rank (E-1 through E-9) and a W2 from DFAS.
There is a question in the My Info section ...
See more...
The TurboTax free option is for members of the military who are active duty or reservists with an enlisted rank (E-1 through E-9) and a W2 from DFAS.
There is a question in the My Info section in TurboTax Online that asks What was your highest military pay grade in 2025? This would be your most recent rank in 2025, not the one at the end of the year.
Checking the box for I left the military in 2025 does not negate meeting the requirement for the free version of TurboTax for members of the military.
Here is a TurboTax article on filing a miliary tax return that may be helpful.
March 19, 2026
9:59 AM
If you withdrew your 2025 excess contribution to your Roth IRA before the due date of the 2025 tax return (April 15, 2026), make sure that you also withdraw the related earnings.
On your 2025 t...
See more...
If you withdrew your 2025 excess contribution to your Roth IRA before the due date of the 2025 tax return (April 15, 2026), make sure that you also withdraw the related earnings.
On your 2025 tax return, you do not report the excess contribution as it has been withdrawn. The earnings have to reported and taxed in 2025. And federal tax withholding if any has to be reported in 2025.
For this, you would create a 2026 form 1099-R with the total distribution (excess plus earnings) in box 1, the earnings in box 2a and code PJ in box 7. Federal tax withholding on the earnings is entered in box 4.
You then enter this 1099-R on your 2025 tax return, and the earnings will be taxed. When entering this form 1099-R, make sure to indicate that the year on the form is 2026, as this is a replica of the form you will receive for year 2026 in 2027.
When you receive the 2026 form 1099-R with code PJ in box 7 (in 2027) for this withdrawal, there is no further action needed.
March 19, 2026
9:58 AM
These worksheets are used internally by the TurboTax program and are not sent to the IRS when you e-file the return. I noticed in my personal return on TurboTax that there was also a 16 page Smart W...
See more...
These worksheets are used internally by the TurboTax program and are not sent to the IRS when you e-file the return. I noticed in my personal return on TurboTax that there was also a 16 page Smart Worksheets form. Smart worksheets are used internally by TurboTax to make some calculations on some forms in the return and most of them were blank on my return - all pages were included because some parts of document had entries. It's possible that some of those blank worksheets may offload and be deleted by the program once your return is finalized - but it's not a bug and is not cause for concern.
March 19, 2026
9:57 AM
If you input summary entries with adjustments (wash sales, accrued market discount etc) or non-covered categories without the sales details, you will be required to send those details to the IRS usin...
See more...
If you input summary entries with adjustments (wash sales, accrued market discount etc) or non-covered categories without the sales details, you will be required to send those details to the IRS using Form 8453. The 1099B statement is usually sent as the substitute for Form 8949 with those details. The 8949 that is e-filed in your return may only contain the summary level adjustments so is not sufficient, and may have a "see attached statement" in the description. If you've not yet filed and don't have many of these adjustments you can remove the mailing requirement if you split the 1099B and input those items using "One by One" which will put the sales details on your e-filed Form 8949, and enter the balance of your 1099B at summary level without adjustments, and then check the totals on Schedule D. If using TT Online you can also upload the 1099B PDF as an attachment (not imported data into forms) to satisfy the snail mail requirement. If your situation doesn't fit the above please clarify. See https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-b/need-include-1099-b-return/L0ygGdIiE_US_en_US https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/need-mail-form-8453-u-individual-income-tax-irs-e/L5gK5lbax_US_en_US
March 19, 2026
9:57 AM
YES it's on Turbo Tax. It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized...
See more...
YES it's on Turbo Tax. It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….
March 19, 2026
9:56 AM
@lynn-dalbec
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/file-m1pr-minnesota-property-tax-refund-turbotax/L4gntwKHw_US_en_US
March 19, 2026
9:55 AM
The following instructions have been posted on how to enter correctly the amount for the NYS Inflation refund check. @MaryK4 STEP BY STEP – NY INFLATION REFUND CHECK IN TURBOTAX (1099-G) ...
See more...
The following instructions have been posted on how to enter correctly the amount for the NYS Inflation refund check. @MaryK4 STEP BY STEP – NY INFLATION REFUND CHECK IN TURBOTAX (1099-G) Open your return in TurboTax. Go to Federal. Go to Wages & Income. Scroll to State and Local Tax Refunds (1099-G) and click Start or Edit. When asked about the refund you received in 2025, enter: Tax return year: 2023 Payments and withholding: 0 Refund amount: enter full amount for MFJ or ONLY YOUR SHARE if half of the total amount on the 1099-G Continue. You will see the question: “Does either apply to your 2023 New York return?” Even though you took the standard deduction, select: NO (Select NO because the NY inflation refund is not a normal tax refund, and choosing NO forces TurboTax to include it in federal income while subtracting it from New York tax, which is exactly what NY requires.) TurboTax will then ask: “Tell us the taxable amount of your refund” Enter the SAME AMOUNT you entered in step 5 For federal confirmation, open your 1040- Look at Line 8z (Other income)-You should see your half (or all) of the refund included there. If Schedule 1 line 8z includes it AND IT-201 line 25 subtracts it, everything is correct. https://ttlc.intuit.com/community/taxes/discussion/re-nys-inflation-refund-checks-to-irs/01/3807696#M1416283 I have followed the instructions above to the letter. I am running into the same error as everyone else above when running the smart check. I have tried the various solutions suggested here https://ttlc.intuit.com/community/taxes/discussion/nys-inflation-refund-checks-to-irs/00/3807645 and none of them are working. I still get the following message regardless of whether I enter 0, the value from my State 2023 tax return on line 76 or change it to blank on the State and Local Income Tax Refund Worksheet. When I clear any entry to blank after running smart check I get the following message I am posting this as a new thread because the previous thread seems to be buried when I search for it and I think it is marked as solved. Can you please advise on how to proceed. Thank you.
March 19, 2026
9:54 AM
1 Cheer
Please clarify. Do you have long term capital gains? How much?
March 19, 2026
9:54 AM
Can I go back and finish my federal taxes while I’m on this sight.
Topics:
March 19, 2026
9:54 AM
company on 1099 is EAP operating LLC.
Topics:
March 19, 2026
9:54 AM
This does not seem to be covered by Turbo Tax. Anyone find this?
Topics:
March 19, 2026
9:53 AM
@user17739350418 What can't you find? You are on the right section. Estimates are entered under Federal Estimated Taxes for 2025, first item listed at top - click Start How did you report i...
See more...
@user17739350418 What can't you find? You are on the right section. Estimates are entered under Federal Estimated Taxes for 2025, first item listed at top - click Start How did you report it if you didn't use that screen? Did you enter using the Forms mode? Estimates will be on your 1040 line 26. Or what payments are you talking about?
March 19, 2026
9:53 AM
I started in Edge, could not access Wells Fargo Advisers, read help advice, downloaded Firefox, opened Turbotax with my account logins, but it will not go to my return. Help!
Topics:
March 19, 2026
9:50 AM
excess contribution was made in 2025 and removed in 2026 prior to tax filing. i am using code P and J but do i report the federal withholding on my 2025 tax forms or do i wait until 2026?
Topics:
March 19, 2026
9:48 AM
Convert your CSV into a TXF file. TurboTax Desktop can import TXF files, even though it cannot currently import Coinbase CSVs. You can convert these files with tools such as:
CoinTracker (...
See more...
Convert your CSV into a TXF file. TurboTax Desktop can import TXF files, even though it cannot currently import Coinbase CSVs. You can convert these files with tools such as:
CoinTracker (Coinbase’s recommended partner)
Koinly
CoinLedger
TokenTax
This is the recommended procedure.