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March 5, 2026
1:35 PM
Follow these steps:
go to the federal income section
scroll to the bottom / show less common income
Miscellaneous Income, 1099-A, 1099-C, Start
Scroll to the bottom
Other reportable ...
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Follow these steps:
go to the federal income section
scroll to the bottom / show less common income
Miscellaneous Income, 1099-A, 1099-C, Start
Scroll to the bottom
Other reportable income, Start
Other taxable income?
Select YES
Description - whatever you want to say, NY inflation rebate
Amount, enter your amount $200
Continue
While it is taxable to the federal government, it is not taxable in NY.
You will need to remove the income from NY when you see a subtraction screen.
Alternatively, you can file the federal, then remove that amount and file the state. Keep a copy of your federal before you change it.
@user17726641463
March 5, 2026
1:35 PM
Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.
In TurboTax Online, you can enter estimated taxes you paid by fo...
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Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.
In TurboTax Online, you can enter estimated taxes you paid by following these steps:
Open your tax return
Click on Federal in the left-hand column, then Deductions & Credits
Navigate to the list of Deductions and Credits
Locate the section named Estimates and Other Taxes Paid and click on the arrow on the right
Click on Start next to Estimated Tax Payments
On the next page, click Start next to Federal estimated taxes for 2025 (form 1040ES)
March 5, 2026
1:35 PM
I have same problem - unable to separate IRA withdrawals from Roth Conversions
March 5, 2026
1:35 PM
Your Form 1099-B will report the sale of your employee stock. Most likely, the cost basis on that form will be wrong as it may not include the discount you received associated with you receiving the ...
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Your Form 1099-B will report the sale of your employee stock. Most likely, the cost basis on that form will be wrong as it may not include the discount you received associated with you receiving the stock for less than fair value. That discount will be reflected on your W-2 form as wages in box 1. There may be an entry in line 14 telling you what the amount of the discount is.
If you divide the discount amount by the number of shares you received you know what the discount amount per share is. If you multiply that by the number of shares sold you will know what the discount amount is that you may need to add to the cost basis of the stock sale reported on your Form 1099-B.
When you enter the Form 1099-B in TurboTax, there will be a screen where you enter the sales proceeds and cost basis and you will see an option to indicate that the cost basis is incorrect or missing on the Form 1099-B. Check that box and on another screen, you can enter the correct cost basis or request that TurboTax assist you in determining what the correct cost basis it.
March 5, 2026
1:35 PM
1099R, K-1 and Deductions to Charity all say available soon. It says they are working on updates for recent tax changes., It is March 5. When will the sections be available?
March 5, 2026
1:34 PM
1 Cheer
@ThomasM125 wrote: You would check the box that you disposed of the property.. No, @user17727371258 needs to check that the property was converted to personal use. The Guidance informs users ...
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@ThomasM125 wrote: You would check the box that you disposed of the property.. No, @user17727371258 needs to check that the property was converted to personal use. The Guidance informs users accordingly. Explain Disposed of Property? Check this box if the entire interest in this property was disposed of in a fully taxable transaction. Do not check this box if the property was part of a like-kind exchange. Do not check this box if the disposition was to a related party. Do not check this box if the disposition was reported using the installment method, until the final year of payment. If this box is checked, losses are not limited by the passive activity rules. Check the box below in the Property section:
March 5, 2026
1:33 PM
1 Cheer
No, you generally cannot make an IRA contribution with income that is not considered "earned income," even if it is reported on a W-2. To contribute to a traditional or Roth IRA, you must have taxabl...
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No, you generally cannot make an IRA contribution with income that is not considered "earned income," even if it is reported on a W-2. To contribute to a traditional or Roth IRA, you must have taxable compensation—such as wages, salaries, tips, or self-employment income—from active work. However, if your spouse has earned income, you can contribute using your spouse's earned income.
Examples of W-2 income that are not earned income include long-term disability payments, pensions, or annuity income. Other non-earned income includes, but is not limited to, interest, dividends, and capital gains.
Here's more detailed info on IRA's from the IRS.
@DaveMR
March 5, 2026
1:33 PM
there is not option to enter estimated tax payments in deductions and credits or anywhere else. i have changed browsers and refreshed with no luck. AI assistant said to use tax tools but that isn't s...
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there is not option to enter estimated tax payments in deductions and credits or anywhere else. i have changed browsers and refreshed with no luck. AI assistant said to use tax tools but that isn't showing either. highly frustrated here
March 5, 2026
1:30 PM
Hi, I've been in the U.S. from December 10, 2021 - Sep 30 2025 on F1 Student Visa (F1 + OPT +STEM OPT), and moved to H1-B visa October 1st, 2025 - current. In the past years I've used Sprintax to fi...
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Hi, I've been in the U.S. from December 10, 2021 - Sep 30 2025 on F1 Student Visa (F1 + OPT +STEM OPT), and moved to H1-B visa October 1st, 2025 - current. In the past years I've used Sprintax to file my taxes but not sure about now. Can I use Turbotax? Have not left the U.S. from first entry. Thank you.
March 5, 2026
1:30 PM
Topics:
March 5, 2026
1:29 PM
Thanks for your reply. I am preparing a NJ state return. I’m 66 and have had the Roth IRA for over 20 years so all distributions are qualified. Can you give me a bit more direction on where to find t...
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Thanks for your reply. I am preparing a NJ state return. I’m 66 and have had the Roth IRA for over 20 years so all distributions are qualified. Can you give me a bit more direction on where to find the “state organizer” in the program? I’ve already contacted my my plan administrator and they tell me that they can’t change the distribution code to “Q” from “T” because they don’t track the length of time I’ve had the Roth.
March 5, 2026
1:29 PM
Has anyone sent estimated tax payments to the IRS and then entered the total paid on the federal return?
Topics:
March 5, 2026
1:29 PM
I found my w-2-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------...
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I found my w-2---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
March 5, 2026
1:28 PM
You can look at your Depreciation Report. If you are working with the desktop TurboTax program, you can query that report using the Forms menu option. Otherwise, you can see that report after you pay...
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You can look at your Depreciation Report. If you are working with the desktop TurboTax program, you can query that report using the Forms menu option. Otherwise, you can see that report after you pay for your online TurboTax program, or print out your previous year program to include all the supplemental schedules and worksheets.
March 5, 2026
1:28 PM
When you log into your TurboTax Online account, you will see a bell icon in the top right corner. Click on that for any notifications, which include emails from your tax expert.
March 5, 2026
1:28 PM
I issued a 1099-INT as part of a loan from previous business owner to purchase the business
Topics:
March 5, 2026
1:27 PM
how to get help without paying more
Topics:
March 5, 2026
1:27 PM
Thank you so much. I will use this link to contact tech persons to solve the problem. I did get through the activation problem and then got stuck with, " No forms found" error message. I prepared ...
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Thank you so much. I will use this link to contact tech persons to solve the problem. I did get through the activation problem and then got stuck with, " No forms found" error message. I prepared one fedral tax return but got stuck at starting the state tax return. Absolutely crazy but will cross that hurdle too and soon.
March 5, 2026
1:26 PM
How do I start my return? There are no screens or tabs or questions for it.
Topics:
March 5, 2026
1:26 PM
After you input the 1099-R, you come to a screen "Let's get more information about your Required Minimum Distribution (RMD)". Since you aggregated your two IRA accounts to determine your total RMD, ...
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After you input the 1099-R, you come to a screen "Let's get more information about your Required Minimum Distribution (RMD)". Since you aggregated your two IRA accounts to determine your total RMD, that result would get entered here. If you only withdrew your RMD and nothing more, this box should be the same as Box 1 on your 1099-R.
On the next screen, you would click the line "The entire distributions applied to the December 31, 2025 RMD" in order to eliminate any penalty for not having withdrawn the amount of the RMD.