All Posts

I have used Premier for years and never had a problem uploading from Merrill until this year.   I finally got it to work, by not changing anything, but, I agree, it's BS.  After the TT "help" desk acknowledge that I was getting VERY frustrated, I told her that I pay TT and Merrill BOTH and neither were helpful, which is unacceptable.    Hope yours works soon.    Best suggest is to try at some obscure time of day, but mine actually worked at about 4 p.m. EDT yesterday

Yes, you can override the amounts on the worksheet, I see what you are saying- TurboTax wants to use the 2025 amounts for the withholdings as well as the tax and income.   You may have to do the adjustments after you file the tax return (I am not sure if this override will prevent the efile), but the estimated tax vouchers TurboTax are NOT reported to the IRS so doing it this way will have the correct information if you transfer the tax file next year.  @Solar Eclipse  

Thanks but one of the three suggestions didn’t apply (only one state) and the other two didn’t make a difference in the outcome.   I generated a draft final of the 1040 return along with worksheets.  I found no indication the warning resulted in an incorrect reported amount.  I’m going to ignore it.   I’ve moved on to an another challenge: Form 1116.

Do you mean 2210 for underpayment penalty?  it's not filed by default, IRS calculates the underpayment independently, unless you file an exception in Part II.   on TT Desktop you can view it in Forms mode.

It depends. The link included in the previous post does show how to report the gain, if applicable. Unfortunately, only you really know whether you have any cost basis left to make the liquidating distribution tax free.   The result actually means, if you don't know, or have no records of your cost basis, consider it all taxable. Report it as follows if you are certain you have recovered all of your cost basis for the investment. Otherwise if you do know your cost basis, and you haven't yet recovered it all, then it's tax free.   To enter your liquidating distributions in TurboTax, follow these steps.  Open or continue your return. Navigate to the investment sales section: TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open TurboTax Desktop: Search for investment sales and then select the Jump to link. Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (select Other) Answer Yes to the question Did you sell any of these investments in 2025?  If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments. Click this link for more information. Where do I enter Investment Sales? @RouterGreenChef 

After trying several times on Th and Fri, I called the number listed with the message.   It is a Merrill Lynch number, they couldn't help, suggested I call TT.    I spent 83 min on the phone with TT, who suggested all sorts of bogus BS.   Finally called my FA office.   The internish aged guy I talked to had looked up the 590 error code, which is also part of the message after it fails.   It turns out, that code indicates the system is just overloaded and to, legitimately, try later.    My next try (probably at least my10th in 2 days) miraculously worked!    If they would have just told me that at the beginning, I could have saved 2 hours.   I felt that the ML nbr & the TT number were both useless.  Good luck!

Did you mean Form 2210?   For a Form 2210 - Click on Federal Taxes (Personal using Home & Business) Click on Other Tax Situations Under Additional Tax Payments On Underpayment Penalties, click the start or update button

Looks good on the Charitable Contributions Detail Work both Inherited and average share price there, however when printing the tax return Form 8283 the “average share price” listed correct  BUT “how property was acquired “is not getting from worksheet to 8283 it still list as “ purchased”.  almost there?

To get calculations of your total Roth IRA contributions prior to 2025, gather your past IRA statements and Form 5498s from your IRA custodian. These documents show your yearly contributions. You can add these amounts to find the total contributions made before 2025. In TurboTax, you enter this total when asked about your prior Roth IRA contributions. This helps the software accurately track your basis for tax purposes. Maintaining accurate records of your total contributions over the years ensures proper reporting and tax treatment of your Roth IRA.

A few other users had a similar experience re: being prompted for a Canadian pension income entry.   If TurboTax has created a form you don't need, you can get out of this by deleting the forms that TurboTax has prepared from your opening the screens that support them. If you are using TurboTax Online, see this help article and below for the steps to Delete a Form:    Open or continue your return. On Tax Home, select Start, Continue, or Pick up where you left off to enter your return. In the left menu, select Tax Tools and then Tools. In the pop-up window Tool Center, choose Delete a form. (Look for any form or worksheet relating to Medical expenses.) Select Delete next to the form, schedule, and worksheet in the list and follow the instructions. If you are using a Desktop version of TurboTax, you can switch to Forms Mode (click on Forms at the top of the screen when you are in Step-by-Step Mode), review the list of forms on the left, then select the one you wish to delete. When the form displays, click "Delete Form" at the bottom of the screen. In some cases, this situation could have been created if you imported a 1099-R from your financial institution. If this applies to you, we recommend that you delete that 1099-R and re-enter it manually.    If you are still having this issue: If you are in TurboTax Online, follow these instructions to delete the 1099-R. If you are using a Desktop version of TurboTax, follow these instructions.    

My biggest fuss is not being forced onto a remote server ("the cloud"). Then I no longer own or control my data. Quick Books is a good example, once your data is all on their server, it belongs to them and you have to pay forever to access it. ANYWAY, I speak only for myself when i say i do not like the direction this is going.