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March 11, 2026
2:30 PM
1. Yes. Let's work through this. Traditional IRA balance with pre-tax dollars. Add after tax dollars. Then convert some to ROTH. When you convert some to ROTH, you don't get to pick which of the dol...
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1. Yes. Let's work through this. Traditional IRA balance with pre-tax dollars. Add after tax dollars. Then convert some to ROTH. When you convert some to ROTH, you don't get to pick which of the dollars are converted. Let's do some quick math:
pre-tax $47k
after tax $7k
total IRS =$53k
after tax divided by total is about 13%
2. Convert $6912 to ROTH, then about 13% has already been taxed. The rest is taxable income. Which is about $1600 if you are in the 24% tax bracket.
So far, everything seems to check out correctly.
3. Adding more income to the IRA is diluting the percentage taxable.
4. Each time you convert, the math process will update percentages and you will continue paying tax on the non-taxed portion. These are dollars, not stocks, you don't get to pick which ones to use.
March 11, 2026
2:30 PM
Cuando una pareja se casa, tipicamente presentan su declaracion conjuntos (Married Filing Jointly) porque le resulta en una deduccion estandar mas alta ($31,500 para el año fiscal 2025). Debe as...
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Cuando una pareja se casa, tipicamente presentan su declaracion conjuntos (Married Filing Jointly) porque le resulta en una deduccion estandar mas alta ($31,500 para el año fiscal 2025). Debe asegurar que han ingresado todas las retenciones de sus formularios W-2 (especialmente la cajilla 2 Box 2). Si uno de los dos tiene una cantidad de retencion mas alta que el otro, eso puede resultar en que deban impuestas al final del año. Aqui tiene un calculador que puedes usar si trabajas por una empresa y desea ajustar sus retenciones W-4 Calculator 2026. Tambien, si uno de los dos tiene ingresos de trabajar por su propia cuenta, debe asegurar que page los impuestos estimados durante el año. Aunque generalmente es mejor declarar juntos, TurboTax les permite comparar los resultados de presentar sus impuestos "casados presentando por separado". A veces es bueno comparar y hacer su decision despues que hayan comparado las dos opciones.
March 11, 2026
2:30 PM
We'd love to help you complete your tax return, but need more information. Can you please clarify your question?
March 11, 2026
2:29 PM
Does the tax consequences of my Traditional IRA conversion to Roth IRA for 2024 depend on my Traditional IRA contributions for 2025? Because Turbo tax access concequences of conversion for 2024 for U...
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Does the tax consequences of my Traditional IRA conversion to Roth IRA for 2024 depend on my Traditional IRA contributions for 2025? Because Turbo tax access concequences of conversion for 2024 for USD 1600 payable to IRS. After that I can stop, not make any contributions to traditional IRA for 2025 and I shall pay USD 1600 for money converted for 2024. BUT if I contribute to Traditional IRA for 2025, I somehow shall pay IRS USD 1600 less immidiately, and I am not allowed to do before tax contributions to Traditional IRA this year. How can you explain this? Here is the confirmation of your own tax expert that I do own taxes for this conversion, expert estimated thos taxes USD 1600 same as me. How do I pay them through Turbotax? As turbotax reverses them when I add new after tax Traditional IRA contribution for 2025 which shall not be related to this conversion in any way.
March 11, 2026
2:28 PM
Sorry for your loss. I lost my husband in 2023. When did she pass? You can file a Joint return as normal the year they died. For the next two years following a husband's or wife's death, the...
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Sorry for your loss. I lost my husband in 2023. When did she pass? You can file a Joint return as normal the year they died. For the next two years following a husband's or wife's death, the surviving spouse can file as a qualifying widow or widower if they have a qualifying child. That basically lets you continue to use the same tax brackets that apply to married-filing-jointly returns. After the year of death if you don't have a child you file as Single. To file Single you need start over with a new return and new account. And don't transfer from the Joint return. See How to file if your spouse recently died https://ttlc.intuit.com/turbotax-support/en-us/help-article/small-business-processes/file-return-spo...
March 11, 2026
2:28 PM
do I put the taxable amount for the general rule
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March 11, 2026
2:28 PM
I understand that for 2026 we can deduct up to 1,000 in Cash Donations even if I dont itimized. When I enter the cash donations in Turbo Tax is telling me that it is better to take the standard dedu...
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I understand that for 2026 we can deduct up to 1,000 in Cash Donations even if I dont itimized. When I enter the cash donations in Turbo Tax is telling me that it is better to take the standard deduction and not using my cash contribution. Is there a different place where I should enter this charitable cash donations?
March 11, 2026
2:27 PM
Last year I placed % in all three columns. Here is a screen shot that shows the message: We a using 2025 Premier Desktop version.
March 11, 2026
2:26 PM
Thanks Linda!
March 11, 2026
2:25 PM
My mother-in-law passed in January 2026. No tax return was filed for 2025, and we are not sure if she filed a tax return for 2022, 2023, or 2024 (unable to find paperwork). Her spouse passed away in ...
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My mother-in-law passed in January 2026. No tax return was filed for 2025, and we are not sure if she filed a tax return for 2022, 2023, or 2024 (unable to find paperwork). Her spouse passed away in January 2022. She may not have had enough income to file as she was just receiving social security, not much in unearned income. We have a form from the bank for an IRA distribution but no form from Social Security for her SS benefits. Please advise as to next steps.
March 11, 2026
2:25 PM
I have a QBI Pass Through Loss from last year which was reported on my 2024 8995-A Schedule C, I entered this information in TurboTax and I can see it in the Worksheets, but when I view my Tax Return...
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I have a QBI Pass Through Loss from last year which was reported on my 2024 8995-A Schedule C, I entered this information in TurboTax and I can see it in the Worksheets, but when I view my Tax Return, it has nothing listed in 8995-A Schedule C. Please note that this business was closed a few years ago and all I am trying to do is carryforward the loss from this LLC. Anyone know how to correct this?
March 11, 2026
2:24 PM
In the following links you will find all the instructions you need to transfer your 2024-return info.
How to transfer last year return in TurboTax
How to transfer "Last year" Info
March 11, 2026
2:24 PM
Why did intuit block me from viewing the itsdeductible app? I own the app. I already purchased it years ago with Quicken. It's mine. In Turbo Tax desktop Deluxe version, I am having such a difficult ...
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Why did intuit block me from viewing the itsdeductible app? I own the app. I already purchased it years ago with Quicken. It's mine. In Turbo Tax desktop Deluxe version, I am having such a difficult time viewing the, "Help me value my donations." The dropbox is not loading all results or letting you scroll down to view them, so I decided to view in my itdeductible app - I could see all the values. From what I saw was the app valuations were the same as the software with a more complete listing then what I am able to see in the Turbo Tax software version. Then I log back into the app and I receive a message, "This app is no longer available." This is my worse tax year using Turbo Tax. Their changes to their reporting has wasted so much of my time (education update is inaccurate), and now I have to manually value my clothing donations. I started using Quicken in 1995, and was a very loyal customer until they forced the subscription online version. I was not interested, so after 20+ years of using Quicken Deluxe, I ditched it with sadness. Can't believe the changes they have made this year in Turbo Tax are making it more difficult for their customers. Education 1099Q's need to be added back for their Coverdell customers who need the worksheet for calculating cost basis. Also, for people who take an education credit with their distribution. I have one excess education distribution that they are not accounting for. Don't know why I am complaining it's the tax on excess distributions they are choosing not to account for. Think they are trying to make it more difficult, so you'll pay for their experts. From some of the replies I've seen from their experts, I wouldn't be paying for incorrect info. Maybe time to chose a different platform for taxes!
March 11, 2026
2:24 PM
No, your dependents don't have to file a return because their income is below the filing requirements but should file to get a refund or any federal or state taxes withheld. Refer to the TurboTax art...
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No, your dependents don't have to file a return because their income is below the filing requirements but should file to get a refund or any federal or state taxes withheld. Refer to the TurboTax article Do I need to file my own taxes if I'm a dependent? For additional information.
Make sure that your dependent indicates that someone else is claiming them as a dependent on their tax return. Refer to the TurboTax article: How do I indicate that I can be claimed as a dependent on someone else's return?
March 11, 2026
2:23 PM
1 Cheer
Yes, you can claim your daughter as a dependent without necessarily causing her to lose her Child Health Plus (CHP) coverage. However, there is a specific way this needs to be handled to avoid trigge...
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Yes, you can claim your daughter as a dependent without necessarily causing her to lose her Child Health Plus (CHP) coverage. However, there is a specific way this needs to be handled to avoid triggering an eligibility review for her mother. Here is how the intersection of IRS dependency rules and NY Child Health Plus works for you: 1. The IRS "Dependency" vs. "Residency" Rule Under IRS rules, for 50/50 custody, the parent who has the child for 183 nights or more is technically the "custodial parent." If you have exactly 50/50 (182.5 nights each): The IRS "tie-breaker" rule gives the claim to the parent with the higher Adjusted Gross Income (AGI). The Form 8332 Solution: If your ex-wife is technically the custodial parent but agrees to let you claim the child (perhaps you alternate years), she must sign IRS Form 8332. This allows you to claim the Child Tax Credit, while she can still file as Head of Household (if she qualifies) and keep the child on her health insurance application. 2. How NY Child Health Plus Sees "Household" New York Child Health Plus eligibility is based on the household income of the parent who applies for the coverage. The Good News is that CHP is designed to be accessible. Unlike Medicaid, which has very strict "tax household" matching rules, CHP focuses on the child’s residence. There may be a risk if you claim her as a dependent, your income is technically part of her "tax household." However, for non-custodial parents (or 50/50 parents who aren't the primary insurance applicant), NY State usually looks at the income of the primary household where the child resides for CHP eligibility. 3. Will it "Trigger" an Audit with New York State? The main concern is that the NY State of Health marketplace (where CHP is managed) cross-references with IRS data. If you claim her, the system might see that she is a dependent in your tax household but receiving benefits in her mother's household. To avoid problems for yourself and ex-wife, your ex-wife should update her NY State of Health account to reflect that the child is being claimed as a tax dependent by a "non-applicant parent" (you). NY State allows for this scenario specifically for divorced parents.
March 11, 2026
2:23 PM
@commluse Actually you can still use Deluxe. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. We can help you enter your business info in...
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@commluse Actually you can still use Deluxe. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. We can help you enter your business info into Deluxe.
March 11, 2026
2:22 PM
Here is the explanation. Since the Traditional IRA was not allowed to be deducted, even though you were allowed and made the allowable contribution, once you transferred it to a Roth there was no ta...
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Here is the explanation. Since the Traditional IRA was not allowed to be deducted, even though you were allowed and made the allowable contribution, once you transferred it to a Roth there was no tax consequence.
If you had any deductible traditional IRA contributions and you moved/converted any of those funds to a Roth IRA, then tax consequences will occur.
@redmarlen
March 11, 2026
2:22 PM
I did try your method, it was difficult working with the form 5329. I had to override some of the fields. the form was incorrectly showing his contribution limit at 7000 instead of his 2024 earnings...
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I did try your method, it was difficult working with the form 5329. I had to override some of the fields. the form was incorrectly showing his contribution limit at 7000 instead of his 2024 earnings of 1680.00 I am still unclear about reporting the "earnings" issue for 2024. the funds were used to buy and sell a stock within the roth and was sadly done at a loss to withdrawal to the roth limit.
March 11, 2026
2:22 PM
The request for waiver that goes with the 5329 form shows only a few words of the written request. If I run the cursor along the words, the remaining explanation shows a few words at a time. Nothin...
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The request for waiver that goes with the 5329 form shows only a few words of the written request. If I run the cursor along the words, the remaining explanation shows a few words at a time. Nothing shows when the waiver is printed. Is this a bug in TurboTax Deluxe 2025? How can I correct this?
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March 11, 2026
2:22 PM
Hi, I am an international student (Ph.D) resident alien receiving fellowship (no stipend/ income ) from the university, and I am trying file taxes. when i request the 1042-s form from the univers...
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Hi, I am an international student (Ph.D) resident alien receiving fellowship (no stipend/ income ) from the university, and I am trying file taxes. when i request the 1042-s form from the university, they did not give me one and instead issued a fellowship letter on the total amount of fellowship I received in 2025. I have no withholding from the university and I am not claiming any tax treaty, in my case do I still need a 1042-s from the payroll department? Without 1042-s, what forms (like 1098-t) do I need to file taxes? Thank you for your help.
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