All Posts

While going through the step-by-step review, at one point I was to input my street address that appeared to be filling out the Indiana IT-40 form. I accidentally placed my street address in the “City” field. Once I realized my error I had moved onto the next area and have been unable to identify how to access the IT40 form. I’m completing via TurboTax online and do not see an opportunity to view forms. Only documents available to me on the left hand side of the screen are the files I input from my banking institutions.

Since you are dealing with multiple years and a correction, the key is to ensure your Form 8606 (the form that tracks "basis," or money you already paid taxes on) is accurate.   You must enter both 1099-Rs. TurboTax uses these to generate the necessary tax forms.    For the traditional IRA, this is the "Backdoor" move. It shows the money leaving your Traditional IRA to go into the Roth. It likely consists of the $7,000 intended for 2024 and the $1,000 "excess" that you mistakenly labeled as 2024 but actually moved in 2025. When you enter this, TurboTax will ask if you moved the money to another retirement account. You will select that you converted it to a Roth IRA.   For the Roth 1099 R, this is the removal of your excess contribution. Since you converted the extra $1,000 to the Roth and then realized it was an over-contribution, you had to pull it out of the Roth to "undo" the mistake. Once you converted the extra $1,000 to the Roth and then realized it was an over-contribution, you had to pull it out of the Roth to "undo" the mistake.   Now, you need to deal with the basis so that your Form 8606 is updated correctly. This is a common spot where people run into trouble. Since you made non-deductible contributions to your Traditional IRA, you now have “basis.” Make sure you’re not taxed twice on that money when you convert it.   Enter your 2025 Contribution: Tell TurboTax you contributed $7,000 to a Traditional IRA for 2025.  When asked if you made a non-deductible contribution, say Yes.  TurboTax will ask if you had any "basis" from 2024 or prior years.  Look at your amended 2024 Form 8606, Line 14.  You likely have $7,000 (or $8,000, depending on how the amendment was structured) in basis from that year. You must enter this so the $8,000 conversion you did in 2025 is seen as "tax-free" rather than a taxable withdrawal. These questions will appear after you record your 1099 R entry. These questions will generate after you answer a question that says,  "Any nondeductible contributions to your IRA?"  Once you answer "yes", you will see the questions that I mentioned above.    

Does anyone have a resolution? Im having the same issue. I bought a brand new Tesla Y and it keeps showing $4000 on line 16. I called turbotax and theyre not helping at all so Im at a point of returning the software to Coscto and also write a major complaint of how terrible this software is.

@DoninGA    Thank you.   So that means I can choose direct deposit to a bank account for my refund from STATE and choose to pay "by check" for my FEDERAL tax due?  (I won't really be using a check I will be paying it electronically online but I assume the option to "pay by check" if that's what it says is the same thing.)

Yes, if you want to remove her from your tax return  you can go directly into it to it and make changes.   Log into TurboTax On the center menu choose Personal Info [Continue] On the left sidebar choose My Info. A list of the members of your household will come up. Scroll to the child in question Click the arrow on the right to the up position. Select [Delete] This will remove her from your tax return. You can then go back and file the return.

To complete the backdoor Roth reporting correctly, you must complete two separate sections (income and deductions).  You will need to enter the traditional IRA contributions you made in the deductions and credits section, ensuring you marked it as non-deductible if your income would otherwise allow you to take a deduction.  You'll then also enter the 1099-R you received to report the rollover- make sure you make the selection that you rolled all of it to a Roth. It sounds like you have just completed the second step with the 1099-R entry, so completed the contributions first, then go back to the 1099-R entry and make sure the information is correct.   To check if the Roth conversion worked as it should, here is how you can check: go to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and check that line 4a show the full distribution and line 4b is either $0 or a small amount if you had earnings in excess of your contribution.   To review the steps in full to create a backdoor Roth conversion, here is a reference: How do I enter a backdoor Roth IRA conversion?

As long as your like-kind exchange falls into the appropriate 45 day period, enter the date on Line 6 to match Line 5 to clear the error. Your tax documents will provide any proof should you need them later. Be sure to keep all documents related to the Section 1031 exchange with your tax file.   45 Day Period: The replacement property for the exchange must be identified within 45 days after the property being given up is transferred.  Form 8824 Instructions - Line 5 and Line 6

Yes, if you did not have personal use days mixed in with rental days (after the period of time when you started renting it), then you count occupied and non-occupied but advertised days as rental days.  Spending time cleaning the space does not count as personal use.   It is unlikely that you would need to prove that it was not used personally in between rental periods.  Just keep records for how long it was advertised and available for rent along with records of the periods of time it was actually rented.     These days it is becoming more common for people to rent part of their home to get some extra income.  If the space is set up to be guest-ready at any time and it is being advertised on a continuous and ongoing basis versus being an area of your home that you are likely to use when it is not rented, then you should not need to worry.  The difference in reporting the expenses using one method or the other is not likely to be too significant, and unless you have some other reason for your return to be audited then no red flags should be raised either.     @paulkeskeys 

Service codes are issued by customer support only for very specific reasons, not just because you want a discount. https://ttlc.intuit.com/community/charges-and-fees/help/what-is-a-service-code/00/25646   Perhaps you can take advantage of an affiliate discount: HOW DO I GET AN AFFILIATE DISCOUNT? https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/get-turbotax-affiliate-partner-discount/L4ViVaZOr_US_en_US?uid=m9hx2p93   Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/    

We would like to test this further, and it would be helpful to have a TurboTax ".tax2025" file that is experiencing the issue you describe.   If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions:    In TurboTax Desktop, open your return and go to Online in the TurboTax header. (On a Mac computer, choose Share or Help.) Choose Send Tax File to Agent. You will see a message explaining what the diagnostic copy is.  Click Send on this screen and wait for the Token number to appear. Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important. We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and possibly provide you with a resolution. 

TurboTax has discontinued the standalone ItsDeductible tool for the 2025 tax filing period: However, TurboTax Online still includes an integrated valuation tool within the "Donations to charity" section, but it's a simplified replacement. 

In TurboTax Premier 2025 Desktop, after indicating you had crypto or digital assets, you should be guided to enter your 1099-DA information. If it jumps directly to your Income or Deductions sections instead, try these steps: 1. Go back to the Federal Taxes section. 2. Select Wages & Income. 3. Scroll down to Cryptocurrency, Digital Assets, and NFTs or a similar category. 4. Choose to Add a 1099-DA or crypto sale and enter your information there. Sometimes navigation might not be automatic, so manually accessing this section ensures you can enter digital asset sales.