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I will try again but it keeps asking INTUIT code and    and no progress   
You will need to pay the 6% penalty on your 2024 and 2025 return since you did not remove the excess until 2026. The excess contribution will resolve when you enter the 2026 Form 1099-R with code J (... See more...
You will need to pay the 6% penalty on your 2024 and 2025 return since you did not remove the excess until 2026. The excess contribution will resolve when you enter the 2026 Form 1099-R with code J (if under 59 1/2) on your 2026 return.   Note, since you removed the excess after the due date of the 2024 return in 2026, you were only required to take a regular distribution without earnings. Fidelity should issue a 2026 Form 1099-R with code J (if under 59 1/2) since you requested the removal of excess contribution after the due date of the 2024 return.   On your 2025 return to ensure the 6% penalty is calculated:    Click on "Search" on the top right and type “IRA contributions” Click on “Jump to IRA contributions" Select “Roth IRA” On the "Did you contribute more to a Roth IRA than was allowed in 2024 or any previous year?" answer "Yes" On the "Enter your excess Roth IRA contributions made in 2024 or prior years" screen enter the total excess contribution from 2024 (if it wasn't carried over).
Hello- I had a basic 1099 upload question re: accuracy of uploaded data please:   I downloaded a 1099 DIV from Fidelity directly into TurboTax - the amount on the 1099 and amount listed on 1040B ar... See more...
Hello- I had a basic 1099 upload question re: accuracy of uploaded data please:   I downloaded a 1099 DIV from Fidelity directly into TurboTax - the amount on the 1099 and amount listed on 1040B are off by 1 penny.   Yes - totally immaterial, but just wanted a double check please - Example -1099 DIV = 100.02 but the TurboTax amount showing is 100.01.  The total sum of the 1040B dividend section properly rounds to page 1 of the 1040 though   Do I leave it alone as it was uploaded? or do I go in and edit the penny to match the paper copy of the 1099 I can see from Fidelity? My inclination is to just leave it alone as its immaterial - thanks for any help and double checking me !
You "paste" not "past" things.
@byrnejm wrote: In which state do taxes need to be filed? It varies by state. You need to visit the relevant states' web sites (DOR, Sec of State, etc.).
How do I file a 1099 NEC that my student received for a summer internship?  It was not at the college but a private foundation.  She went to this internship as if one goes to work?  Does she have to ... See more...
How do I file a 1099 NEC that my student received for a summer internship?  It was not at the college but a private foundation.  She went to this internship as if one goes to work?  Does she have to file as self employed or something else?
When you enter a 1099R for a monthly pension you just say it was all RMD.   A pension fulfills the requirements for RMD.
Box 14 of your W-2.  If your employer didn't include your qualified overtime (OT) pay in box 14 of your W-2, then you will need to get your OT amount from your last paystub you received in 2025.  You... See more...
Box 14 of your W-2.  If your employer didn't include your qualified overtime (OT) pay in box 14 of your W-2, then you will need to get your OT amount from your last paystub you received in 2025.  You will then need to calculate the qualified OT amount that you will enter into TurboTax.   Here's one way to calculate your qualified OT; Total Overtime pay divided by 3 equals your Qualified overtime amount.  This is the simplest method of calculating your qualified overtime pay.  This is assuming you were only paid overtime (1.5x regular pay) and not any double-overtime pay.     See the following links for more information on overtime pay and how to enter it in TruboTax:   How do I enter overtime pay in TurboTax Online? What is the new tax law for overtime pay?
We’re currently working to resolve this issue. If you’d like to receive progress updates, sign up in the TurboTax help article below.   Why is my Form 5329-T Waiver Explanation Statement for line... See more...
We’re currently working to resolve this issue. If you’d like to receive progress updates, sign up in the TurboTax help article below.   Why is my Form 5329-T Waiver Explanation Statement for lines 54a/54b not saving entries?
@StarGirl18 wrote: Any clue? Nope, but then it makes no difference because the K-1 you received does not get transmitted (e-file), or otherwise sent with your return, to the IRS.
The GA Schedule 3 is used to allocate your sources of income between GA and other states where you lived during the year.  It is used by either part-year residents or non-residents of GA.   So, i... See more...
The GA Schedule 3 is used to allocate your sources of income between GA and other states where you lived during the year.  It is used by either part-year residents or non-residents of GA.   So, if your Schedule 3 line 8a is not equal to the sum of lines 8b and 8c, then something may not be allocated properly.  It could be due to your 401k distribution or something else.  Go back through your GA return and pay close attention to the screens that are asking you to allocate income between GA and other states to make sure everything is accurate.   For 401k distributions, the allocation is determined by where you lived when you received the distribution.  If it was a lump sum distribution, then allocation the full amount to one column or the other.  If you received a monthly payment, divide the total by 12 and multiply that by the number of months you lived in GA to get the GA amount.  Then subtract the amount claimed for GA from the total to allocate the rest to the other state.    
FMV refers to the current re-sale market value (price) of the distributed assets at the time they are distributed to the partners; it isn't calculated in the software, it is accounted for. Per the in... See more...
FMV refers to the current re-sale market value (price) of the distributed assets at the time they are distributed to the partners; it isn't calculated in the software, it is accounted for. Per the instructions for Form 7217, the FMV of distributed partnership assets is figured at the partnership level; as you're doing this altogether, the IRS definition of Fair Market Value may be of help: Fair market value (FMV). FMV is the price at which the property would change hands between a buyer and a seller when both have reasonable knowledge of all the necessary facts and neither is being forced to buy or sell. If parties with adverse interests place a value on property in an arm’s-length transaction, that is strong evidence of FMV. A formulation might be, "what would an appraiser say these assets were worth" on the date of distribution.
To report your subcontractor work for which you did not receive a Form 1099, do the following:   Go to Wages & Income and scroll down to find Self-Employment Schedule C: 1099-NEC, 1099-K, expe... See more...
To report your subcontractor work for which you did not receive a Form 1099, do the following:   Go to Wages & Income and scroll down to find Self-Employment Schedule C: 1099-NEC, 1099-K, expenses Click the down arrow to the right of Self-Employment Click Start and answer questions about your business When you reach the "Your business name info" page, review and then click Looks good Next, you will reach, "Let's enter the income for your business work" Select the third circle, which is "Other self-employed income, includes cash and checks", since you do not have a 1099, Continue TurboTax will recommend expense categories based on your business in the "Select the expense categories you have". Here, you can check the boxes for all that apply to your business, then Continue
Hi SusanY1, thanks much for your detailed reply. Now it makes more sense to me. 
Unfortunately, I don't. I'm using the desktop version. All I can think of is answering the question with "yes" in the step-by-step method, then going back and changing it to "no". 
@user17723906719 wrote: Will manually overriding to mark as “other passive exemptions”, create audit risk?  Who knows? It's possible, though, particularly if you have a large loss.
You are correct, certain Medicaid waivers from in-home supportive services are tax exempt.  If you have not filed your return yet, you can still change how you entered the income on your return.   ... See more...
You are correct, certain Medicaid waivers from in-home supportive services are tax exempt.  If you have not filed your return yet, you can still change how you entered the income on your return.     If you already filed, then you would have to file an amended return. You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return.  The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need amending. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Once you are ready to correct your entries see the following TurboTax articles for more details on entering your waiver payments and amending your return if necessary.     How do I enter my tax-exempt Medicaid waiver payments from IHSS in TurboTax? How to File an Amended Tax Return with the IRS      
I'm confused by the question about the required minimum distribution for my civil service pension.  I have seen the advice to enter the entire amount of a monthly pension  as an RMD. Should this be t... See more...
I'm confused by the question about the required minimum distribution for my civil service pension.  I have seen the advice to enter the entire amount of a monthly pension  as an RMD. Should this be the gross distribution , or the taxable amount, or the total of monthly amounts received after Federal & state taxes are withheld?
MY RETURN IS UNDER REVIEW The IRS is getting more and more vigilant to prevent identity theft and fraud.   People who file very early in the season are sometimes scrutinized more.  Do not take it p... See more...
MY RETURN IS UNDER REVIEW The IRS is getting more and more vigilant to prevent identity theft and fraud.   People who file very early in the season are sometimes scrutinized more.  Do not take it personally.   TurboTax does not get any information from the IRS after they accept your return, so no one at TT knows that your refund is delayed or why.  All you can do is wait for the IRS to finish processing your return.  Watch the refund site.  If the IRS wants more information from you they will request it. If they want you to verify your identity, you must follow the IRS’s instructions in order to do that.   In many cases they will send you a letter—and you will have to wait for that letter.
This article will give information on how to amend the state return in TurboTax